Diversifying my portfolio with cryptocurrency

[Account Closed]

I'm def going to invest in some

Sort of crypto but trying to figure out which to jump into. Any thoughts on crypto as an investment?

[Michael Flight]

Hi @Account Closed here is an article that should get you started:  https://www.nerdwallet.com/art...

The most difficult part of buying crypto is the wallet issue.  With Coinbase you don't need a wallet but you also don't ultimately control your crypto.  They are expensive compared to other exchanges but are a good on-ramp for beginners.  Coinomi and Exodus are good wallets for beginners.  Crypto Wallets are like an electronic safe deposit box to hold your coins, tokens and NFTs.

The next thing is there is a difference between cryptos.  Bitcoin is more of a store of value as are Litecoin, Bitcoin Cash and Monero.  With these you are betting on scarcity (store of value) or want to use them to transfer value (money and trading).

Ethereum, Algorand, Tezos, Cardano, EOS, Pokadot and others are more like software companies.  Enjin is a new listing that allows for the issuance of NFT (Non-Fungible Tokens).  With these you are betting on them similar to investing in a company.  Plus in certain cases people need the tokens of the project to use the project.

Dogecoin is a joke so be careful with the hype around that one.

You can also earn crypto form using the Brave browser where they pay you to watch adds in the Basic Attention Token (BAT).

A whole new opportunity is opening up for real estate investors with Security Tokens and the ability to tokenize real to be Digital Assets on a blockchain.  It will open up new investors for real estate and opportunities for real estate sponsors to raise equity and debt.  We are raising capital for a Net Lease Real Estate fund using a Security Token Offering through Securitize.  There are other platforms that can also help with tokenization including Solidblock and Akru .

Bottom line is that blockchain is the future financial system so you will be ahead of the curve for starting now.