Why You Should Buy Crypto ETFs
The truth is that, the man selling stocks will tell you ‘buy stocks’ it will make you very rich. Don’t worry, he will back it up with very interesting Data and it is not a lie ‘Stocks can indeed make you rich’. Same goes for the forex guy, the insurance lady, the network marketing man etc. One thing we can all agree on is that while people succeed doing these things people fail too.
We can conclude that;
- Regardless of how good the investment opportunity is, if you don’t do it right, it is going to fail.
- Unforeseen exists and if do not make allowance for it and react on time; all of a sudden, something good turns bad.
What is ETF
The concept of ETF can be likened to a the method where you have multiple entries in a trade as a means of risk management (forex traders will understand this better).
According to Investopedia, An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can.
Basically, the concept of ETF is to reduce your risk/exposure without necessarily reducing the reward by giving you diversified asset classes.
Crypto ETF is a neo space with a lot of potentials. It bears all the opportunity of the traditional ETFs; but built on the blockchain chain technology with focus on cryptos.
It is a good opportunity to make money, but you have to;
- Talk to experts
- Do your own research
- Proceed with caution
- Have a risk management strategy