Tips on Investing in Blockchain (plus Top Promising Cryptocurrencies in 2020)

First off, bear in mind that blockchain technology and its potential applications is still an emerging arena, with many unknown (regulatory) factors and potential potholes in the road ahead.

In spite of this, it’s now extremely easy to throw money into a wide array of cryptocurrencies, still mostly via the leading exchanges Coinbase and Binance. But now there are mobile apps or wallets, websites and exchanges which will turn your fiat cash into crypto with alarming ease.

It’s easy to get carried away by crypto’s potential, by prices flashing green across the board, by feeling like you’re the early bird sensing big worms, or feeling like you’re missing out on huge gains. In fact many people making any money in cryptocurrency are probably the ones who lost a whole lot in 2018. Or they are seeing huge gains that are simply unsustainable. At what point do you sell and take profits? The burning question, and experienced crypto-hardened hands are better at realising how the market ‘breathes’ just now. Yes, sometimes they can time the market swings well, entering and exiting before price corrections inevitably occur. But in a space where breaking news throws sudden spanners in the works, it might be best to just mutter “lucky for them” and remain calm and rational.