Crypto investing refers to the process of investing in cryptocurrencies, which are digital or virtual assets that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning that they are not controlled by any central authority such as a government or a financial institution.

To invest in cryptocurrencies, you typically need to create an account on a cryptocurrency exchange (ex. Coinbase), which is a platform that allows you to buy, sell, and trade cryptocurrencies. Once you have an account, you can deposit funds and use them to buy cryptocurrencies such as Bitcoin, Ethereum, or Solana.

It’s important to note that cryptocurrencies are a volatile asset class, which means that their value can fluctuate rapidly and dramatically. This is due to a variety of factors, including market sentiment, news events, and technological developments. As a result, investing in cryptocurrencies can be risky, and it’s important to do your own research and to understand the risks involved before investing.

One common strategy for investing in cryptocurrencies is to buy and hold them for the long term, with the expectation that their value will increase over time. This approach is sometimes referred to as “HODLing” (which is a misspelling of “hold” that has become a popular term in the crypto community).

Another strategy is to trade cryptocurrencies actively, buying and selling them based on market movements and other factors. This approach requires a greater understanding of technical analysis and market dynamics, and can be more risky than a buy-and-hold strategy.

It’s also worth noting that there are many different cryptocurrencies available, each with its own unique characteristics and potential uses. Some cryptocurrencies are designed to be used as a form of digital cash (ex. USD based stabelcoin USDC), while others are designed for specific purposes such as smart contracts or decentralized applications (ex. Uniswap).

Overall, crypto investing can be an exciting and potentially profitable way to participate in the rapidly evolving world of digital assets. However, it’s important to approach it with caution and to do your own research before investing any funds.

Ready to start? Here is a quick way to get $10 in Bitcoin when you open your Coinbase account via this link.

Note: In future articles I will go into more detail on crypto investing and general financial market information to consider. Additionally I will also discuss how you may self-custody your crypto off crypto exchanges (explaining more about the expression ‘not your keys not your coins’).