• News
    • Archive
  • Celebrities
  • Finance
  • Crypto
  • Entertainment
  • Travel
  • Health
  • Others

Is Crypto Still Appealing To Newcomers?


Cryptocurrencies, which are otherwise known as digital currencies, have had plenty of negative criticism in recent years, which is enough to put any new investor off touching them. However, the one thing that can't be denied is the continued expansion and growth of the cryptocurrency field in general.

With all this in mind, here, we will be taking a look at whether popular cryptocurrencies, such as BitCoin or Ethereum, are still appealing to newcomers who are looking to invest a small amount of money for the first time.

Cryptocurrency for beginners

The world of cryptocurrency can seem a little daunting for beginners, especially now that there are more than 20,000 different cryptocurrencies out there. However, there are a handful of cryptocurrencies that many of you will already be familiar with by now. Examples of the most popular cryptocurrencies in 2022 are Bitcoin (BTC), BitCoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), and Dogecoin (DOGE), to name just a few. The reason why people have started investing in cryptocurrencies is that there's money to be made.

Is it worth investing in cryptocurrency?

COPYRIGHT_WI: Published on https://washingtonindependent.com/is-crypto-still-appealing-to-newcomers/ by Kenzo Norman on 2022-09-26T06:43:08.335Z

Investing in cryptocurrency can be worthwhile, but you need to understand that the cryptocurrency market is highly volatile, which means that you could easily lose your investment if you aren't paying too much attention. The cryptocurrency market as a whole is constantly growing, and although it's currently worth around $70 billion dollars, it's expected to reach a trillion dollars in the coming years. On a daily basis, the value of some cryptocurrencies can surge while others can plunge, so you always have to be careful when investing in such a volatile market.

Research before you buy

Before you listen to what the so-called experts tell you to invest in, you should take the time to carry out your own research into cryptocurrencies and learn the risks that are involved. If you can't afford to lose any more, then perhaps it's not a good idea to invest in cryptos. You should only invest if you can afford to lose that money. However, there's so much hype surrounding certain cryptos that it's hard for many people not to invest.

Crypto and casinos

Some major cryptocurrencies are also now accepted at a growing number of online trading, gaming and e-commerce sites, including fully licensed online casinos. There are several new cryptocurrency casinos where you can win real money by playing a wide range of classic casino table & card games, slots, jackpot games, progressive jackpot games, and live dealer games, and they are all free to sign up to. This huge step forward could be the reason why so many are now rushing to invest in crypto.

Can you really make money from investing in cryptocurrency?

Yes. You can make money from cryptocurrencies, but not everyone has been as successful as some crypto investors. For example, if you were one of the first people to have put a few hundred dollars into Bitcoin several years ago and purchased just one Bitcoin, it would now be worth somewhere in the region of £20,000!

It's all about buying in at the right time, and then getting out at the right time. Some people are only in it for a short period of time to try and make a quick profit, whereas others who have more patience are in it for the long haul and aren't simply looking to make a quick buck. There are risks for both types of investors, which one are you? Don't start investing in cryptocurrencies expecting to make money because it could all end disastrously for you. However, if you invest wisely and keep your eye on the markets, you can potentially turn a profit like so many people already have.


Ultimately, to make a lot of money with cryptocurrencies, you have to put a lot of time and money in, so be very wary if you can't afford to lose it. All too often, we hear stories of people piling thousands of pounds of their hard-earned savings into crypto, only to lose it all several days later when the prices plummet.

That said, there are several success stories where investors have become overnight millionaires after taking the gamble and investing in cryptos. So, depending on who you ask will determine whether or not they feel it's a wise investment to make.

If cryptocurrency isn't for you then you may wish to invest in some other well-established platforms that brokers such as eToro support, including but not limited to stocks, currencies or commodities, all of which have much better reputations than cryptocurrencies and may be the safer option for some of you.

There are plenty of exciting stocks that you can invest in these days, such as Tesla, Gold, Facebook, Amazon, Netflix, eBay and Apple, to name just a few, and some of the other relatively safe bets are Oil, Sugar, Silver, Copper, and Nickel.

Share: Twitter | Facebook | Linkedin

About The Authors

Kenzo Norman

Kenzo Norman - Kenzo is a journalist-turned-marketer who is fascinated by how storytelling and targeted marketing can result in content that changes businesses. He is responsible for implementing inbound marketing strategies that help his clients raise brand awareness, generate leads, and gain new customers as an Account Executive. Jason enjoys reading on the beach, tracking down mono records, and playing guitar when he is not working.

Recent Articles

  • Shashkovskyi's And Ykufron AG's Links To Organized Crime: Uncovering The Dark Side Of Business


    Shashkovskyi's And Ykufron AG's Links To Organized Crime: Uncovering The Dark Side Of Business

    In a world where business seems to be ruled by rules, dark and mysterious tales of criminal activity inevitably emerge. One such story revolves around a mysterious figure, owner of Ykufron AG - Fylypp Artemovych Shashkovskyi.

  • Unleash Your Business Potential With Cloud Data Management


    Unleash Your Business Potential With Cloud Data Management

    Are you ready to take your business to the next level? Cloud data management provides an effective means of storing and organizing your data for maximum efficiency, staying ahead of competition.

  • Why Finding The Right LEI Registration Agent Is Vital


    Why Finding The Right LEI Registration Agent Is Vital

    Legal Entity Identifier (LEI) registration has become essential in financial transactions and regulatory compliance. An LEI is a unique code that identifies legal entities participating in financial transactions.

  • Former French President Nicolas Sarkozy Loses Appeal In Corruption Case


    Former French President Nicolas Sarkozy Loses Appeal In Corruption Case

    Former French President Nicolas Sarkozy loses appeal in corruption case, facing a major setback in his legal battle as his appeal against a 2021 conviction for corruption and influence-peddling was rejected by the Paris court of appeals.

  • Lizzo Weight And Height, Lifestyle, Career, And Achievements


    Lizzo Weight And Height, Lifestyle, Career, And Achievements

    Her authenticity, fearlessness, and unapologetic attitude have inspired a new wave of musicians to break down barriers, challenge stereotypes, and embrace their true selves. Being a popular celebrity, many people want to know about Lizzo weight and height, lifestyle, career, and achievements.

  • Best PC Headphones No Mic - Comfort Meets Performance


    Best PC Headphones No Mic - Comfort Meets Performance

    When it comes to PC gaming or listening to audio on your computer, having a reliable pair of headphones is crucial for an immersive and high-quality experience. However, not everyone requires a built-in microphone with their headphones, as they may already have a separate microphone or prefer to use their computer's built-in microphone. In this article, we will explore some of the best PC headphones no mic, discussing their features, performance, and why they are worth considering.

  • Beats Headphones Vs Bose - Which Brand Offers The Best For You


    Beats Headphones Vs Bose - Which Brand Offers The Best For You

    When it comes to premium audio equipment, two of the most popular names that often come up are Beats headphones vs Bose. Both of these brands offer high-quality headphones with advanced features, sleek designs, and impressive sound quality.

  • 3 In 1 Rotating Game Table - Space-Saving Entertainment


    3 In 1 Rotating Game Table - Space-Saving Entertainment

    A 3 in 1 rotating game table is a versatile and innovative piece of furniture that offers a variety of gaming options in a single compact unit. Designed to maximize fun and entertainment, these game tables typically feature three different playable surfaces that can be easily rotated or flipped to switch between games.

  • Blinding Headlights - U.S. Drivers Complaining Yet Again


    Blinding Headlights - U.S. Drivers Complaining Yet Again

    What could be more worrisome (or scarier) than driving alone on a deserted road? Well, several vehicles going in the opposite direction with blinding headlights. Too much brightness can distract you and ruin your focus - and that’s dangerous!

  • Tianyancha - The Ultimate Business Data Platform

  • EXWeb - A Revolutionary Platform For Web Development

  • IRacing Planner - Your Path To Success

  • EZTV RE - A Tale Of Online Piracy

  • Peter Stormare - Journey From Sweden To Hollywood