However, many people who are new to investing in Cryptocurrencies are asking just how they can invest in this way. The answer is very simple: you need to have an emergency fund. This is the key to successful long term investments in any market. You can always sell your stocks when times get bad, but until then you are going to be looking to ride out the storm. And times have certainly been bad lately with many of the largest crypto. Therefore, you need to have an emergency fund set up to not only protect your overall investment, but also protect the gains you made on your last buys to help you weather out the storm.
One popular way that many people are starting to make money online today is by trading in smaller currencies that are not as well known as the bigger ones. This includes things such as Litecoin and dogecoin. These two are both less than a dollar each and have been increasing in value every day since they were first created. Therefore, if you think you might be able to make a profit trading in smaller currencies, then it may be worth at least looking into getting involved in Litecoin and dogecoin. Although these are both relatively new crypto, they are starting to rise in value and are potentially much more profitable than investing in larger currencies like the US dollar and the Euro.