Before the chapter of 2020 ends, I thought of writing my own version of the beginner’s guide to investing in crypto. The lessons here stem from my 3 years experience since my first venture into crypto during early 2017. This is what I would tell myself if I were to start all over again from ground zero.
1. Bitcoin is King of Crypto
Before you get into the crypto world, know that bitcoin is king. It is the FIRST cryptocurrency born out of a crisis and it is till date the longest-lasting crypto that has survived against all odds.
In crypto, first-mover advantage helps as the longer a cryptocurrency is around for, the more secure is its network. This is because attacking the blockchain network becomes exponentially harder as more and more blocks are being mined.
That is one of the main reason why institutions go for bitcoin and not ethereum or other altcoins. Because it