So, you wanted to get into the world of cryptocurrency and probably buy your first few tokens. Maybe even go so far as to explore every crevice of its vast landscape and look for potentially-profitable projects to line your pockets and your portfolio with, or perhaps be the beacon of knowledge in your friend group for everything that revolves around the use of cryptocurrency and all that.
Well, look no further as I’ll guide you through the ins-and-outs of Investing in the cryptocurrency industry, made bite-sized and easy for those who are new to the world of investing.
First off, let’s talk about what investing really is. To give you a pretty clear picture of what you’re getting into. And then from there, I’ll walk you through the whole ordeal of investing in the cryptocurrency world, including what’s hot right now so you don’t miss out on exciting profitable ventures!
What is Investing?
At its core, Investing is the act of purchasing goods or services under the premise of profit. You see a product that does not demand use but promises to give you some form of monetary gain if you put it up for sale and you bought it, you’re already investing.
Sometimes it doesn’t even have to be just about money. Purchasing goods in exchange for services, access and VIP treatment have been sought by many of us since time immemorial, this itself is a form of investment!
From what you’ve read above, it’s rather easy to discern that there’s lots of ways and things you can invest in. Buying precious items, purchase of stocks, bonds, securities, services and other assets for example, are investments.
Cryptocurrencies however, are quite new to the scene, only ever becoming a thing some time around 2010-2013 once people realized that the cryptocurrency titan bitcoin, is increasing in price over the years. Since then, there has been no shortage of things you can invest in within the cryptocurrency world. Let’s explore how you could get into it!
Cryptocurrency Investing
Cryptocurrencies are essentially the same as the money you’re using to purchase goods and services at every second of your waking life. Only difference is that instead of being minted in the physical world, they are coded using cryptography—hence the crypto- prefix. This makes them decentralized, secure, and virtually immutable too.
For a good time this has been their primary use, until people realize you can make money off of it by purchasing it by bulk, and then selling it off when the value of a cryptocurrency increases. This is what Investing in the cryptocurrency world has been for the past 10+ years. Even to this day, this is what’s essentially the gist.
As for investing in the cryptocurrency world, it’s quite simple and for the most part, the entry level is quite low. You need to prepare a wallet that supports the asset that you want to buy, a hot wallet where you’d store those tokens in for temporary safekeeping, and an exchange which could come in the form of Centralized (localized and all user-data is kept in a central server, generally unsafe but more popular in the industry), or Decentralized (user data, funds, and important information is stored on a decentralized server, more secure through and through), and then purchasing, transferring, and holding those tokens up until you wish to sell them.
Read: Tips To Successfully Secure Your Funding Round
Derivatives came and went from day trading, holding (or HODL), arbitrage trading, and more. But the basic concept remains, you buy a token and you sell it for profit.
Much has changed about the manner at which people invest in this industry though, from cut and dry purchase and HODL of cryptocurrencies, to ICOs (Initial Coin Offerings) which promise use-case in exchange for the purchase of their utility token, to NFTs (Non-Fungible Tokens) and DeFi (Decentralized Finance) who promise the same thing basically, but with added benefits and a higher potential for profit.
What these few features fail to consider however is the propensity for loss that investors would incur should things go sour. With ICOs, developers who promise a product could willy-nilly pull the rug against their investors and run away with their money. NFTs suffer from the same flaw and the industry lost its reputation among the public because of it. As with DeFi, the same can be said but it is also susceptible to impermanent losses which was a pain for the investor.
So, coming from the land of innovation and change is yet another game-changer that promises to provide investors with the peace of mind they deserve, while still giving the same amount of profit potential that they look for in a project they put faith in.
Introducing Initial DEX Offerings (IDOs)!
Initial DEX Offerings—Crypto Investment Redefined!
As the history of cryptocurrency turns its pages, a new form of innovative concept was born aimed at helping the regular investor find the security they need when they put their faith, and their hard-earned cash to another project. Great minds in the industry introduced Initial DEX Offerings or IDOs for short, and history was made.
IDOs are pretty much the same thing, you stake a claim on a particular project you believe in, and in exchange you get their utility token. What’s different and great about IDOs is the security, as instead of directly entrusting the investor’s funds to the developer, it gets sent into a treasury found in Decentralized Exchanges instead!
What’s even better is, due to the fact that it’s closely tied with decentralized exchanges, investors gain the benefit of being able to trade the utility tokens right there and then, or hold and sell it for profit! Pretty cool right?
But how do you get into IDOs? The answers in the form of IDO Platforms!
IDO Platforms
You can’t just invest in an IDO without looking for IDO launchpads! You need them to find the best IDO projects in the cryptocurrency world and save yourself from impersonators and scammers who use the IDO moniker to lure in unsuspecting investors!
It’s a no-brainer to look for IDO launchpads that are already established in the industry, as well as those who have gained the trust of the investor over the years. Bonus points if they did both. But this is easier said than done! There’s a huge array of IDO platform enterprises in the cryptocurrency world right now, choosing the right one as a beginner investor in the industry is going to be an ordeal!
Well, let me tell you about one IDO platform that stands above the rest!
One of the best IDO platforms out there that you should try out is AdLunam Inc. who not only offers IDO launchpad services for projects out there that are ambitious enough to realize their visions, but takes it a step further to offer you the best projects in the industry by incorporating never-before-seen features like Engage to Earn and Proof of Attention!
In any case, IDO platforms are one of the most sought-after concepts in the industry right now because of how innovative and smart it is in providing what it promises. So if you’re a beginner investor, or perhaps someone who’s trying to look for the newest and hottest stuff in the crypto space right now, IDO platforms is your go-to investment venture!
Key Takeaways
Investing can be a daunting task for people who have no prior experience with such. Finding the proper asset, Assessing features and benefits as well as the potential for profit, risk-percentage tracking, this will all be a handful for someone who doesn’t have enough years in the industry, let alone in investing.
While in the case of Cryptocurrencies, Ido launchpad stands amongst the rest due to their irreplaceable features and the niche they fill in the hearts and minds of every cryptocurrency investor, it’s important to understand that conducting your own research on top of listening to new trends and guides like these will always set you up for success, not fake signals that are rigged by influencers, not promises from shady projects with no real proof to give.
Trusting your instincts, conducting proper research, and staying alert will always give you the advantage you need to cop those profits and become a successful cryptocurrency investor.
So keep this in mind and have a bountiful investment journey out there!
Author’s Bio:
Amelia Gomez is a versatile creative writer, marketer, and entrepreneur, presently employed at Adlunam. She pursued creative writing during her college years and is a strong advocate of the creative writing process. Amelia is known for her engaging work in crypto-based projects like Ido Launchpad, Bitcoin, and Etsy. Apart from her writing endeavors, she finds joy in spending time with friends, sharing laughter, and savoring sweet tea. This paragraph is free from plagiarism.