High vs. low volatile cryptocurrencies: Which are better?
Asked 2 years ago
Morning. Greater risk often comes with a greater reward - is this the same with cryptocurrency? Will I get a higher return?
Wednesday, February 02, 2022
In matters of volatility, it is advisable to put in only as much money as you are willing to lose in assets with fluctuating value. As with all investments, the higher the risk, the higher the returns in cryptocurrency. But with the possibility of higher return comes an even higher possibility of getting rekt. If you are in for a gamble, you can risk everything you have, and hopefully, survive, but there are huge chances that you be left in irrecoverable losses if you do not hedge your investment by investing the better amount of your portfolio in less volatile assets. In a nutshell, you should keep most of your funds in less volatile assets, perhaps some percentage in stablecoin, but you won't make a lot from idle money so you must take only calculated risks and sometimes high risk if you feel you can support that. Learning, care, and market psychology are key. Crypto is volatile unless you leave your assets in stable coins which are much like your dollar bills, and earn the 20% APY offered by trusted platforms.
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