Investor Experience Not Necessary

Interested in investing in cryptocurrency, but you're not a Wall Street wizard? Coin Pursuit takes a look at why that isn't necessarily an issue.

We've seen this quite a few times: We'll be discussing digital currency with friends and/or colleagues, and when the investment facet of the industry comes up, they get really quiet. You can almost see the expression of dismay creep onto their faces. After further discussion, they express their concern that anyone who isn't well-versed in stock markets and commodity exchanges shouldn't be investing in cryptocurrency. They simply don't feel they know enough to do it right.

Yes, digital currency can be an investment. Some people buy it so they can spend it just like traditional currency, but some make the investment in the hopes that it will ultimately be worth more than what they initially put into it—that, by the way, is what we call a return on investment (ROI). Like any stock or commodity, wise investing will, over time, result in a higher ROI.

But take heart! That isn't to say you need to be a financial wizard in order to invest in cryptocurrency. We've said it before, and we'll say it again: it's a young field, and everyone involved in it is still figuring out its twists and turns. What's nice is that you aren't by any means alone, and there's a healthy and growing support network of fellow investors who are more than happy to help you with any questions you might have. On our site—and on those of the resources we'll list for you—you'll find stories, FAQ pages, and articles that will walk you through every step of the investment process. Along with other investors, you'll learn what works and what doesn't. The investors in cryptocurrencies are also its owners, so it's in everyone's best interest for all involved to do well. You'll get through this, we promise! And it won't be as hard as you think.

Next Introductory Topic: Cryptocurrency Trading: Passion Over Profit

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