Building a Cryptocurrency Portfolio
This lesson discusses the factors that go into building a cryptocurrency portfolio.
Many new cryptocurrency investors don’t spend enough time learning about blockchain technology. As a result, a lot of newcomers carry a distorted interpretation of what blockchains can do now versus what they may eventually be able to do. Blockchain technology is already starting to become applicable in industries such as gaming and financial services. Whilst blockchain technology has the potential for many other use cases, it is still widely considered experimental.
There are many important factors to consider when building a cryptocurrency portfolio. Some of these include considering the different types of cryptocurrencies, ensuring your portfolio is diversified to mitigate risk and practising fundamental analysis.