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, many newcomers carry a distorted interpretation of what blockchains can do now versus what they may eventually be able to do. Blockchain technology is already becoming applicable in industries such as gaming and financial services. While blockchain technology has the potential for many other use cases, it’s still widely considered experimental.
There are many important factors to consider when building a cryptocurrency portfolio. These include considering the different types of cryptocurrencies, ensuring your portfolio is diversified to mitigate risk and practising fundamental analysis.