3 Cryptocurrencies to Invest In – Can You Handle the Risk?
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By now, most investors have probably heard about cryptocurrencies. Cryptocurrencies are pervasive in news headlines as an asset to invest in for the future.
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So, which cryptocurrencies should you invest in, and which should you avoid? First, we will discuss what a cryptocurrency is and its risks.
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What is Cryptocurrency?
Cryptocurrencies are digital money or virtual currency. It is a digital asset stored on a network of distributed computers.
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Risk of Investing in Cryptocurrencies
Like any investable asset, there exist risks to an investor. Early on, cryptocurrencies had a reputation for being used in criminal activities.
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3 Cryptocurrencies to Invest In
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Bitcoin
Bitcoin has the longest track record and has the largest market share of digital currencies.
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Ethereum
Ethereum is the second most common cryptocurrency to invest in, with about 19.5% market share.
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