Chapter 24
Ten Challenges and Opportunities for Crypto Investors
IN THIS CHAPTER
Turning crypto challenges into opportunities
Using careful analysis before you make a move
This chapter introduces you to ten opportunities and hurdles you may face during your cryptocurrency investing adventures. I bundle challenges and opportunities together because you can turn an obstacle into profit if you treat it the right way.
New Cryptos on the Block
Bitcoin, the first ever cryptocurrency, turned ten years old in 2018. But it’s hardly the only cryptocurrency that investors are interested in anymore. For better or for worse, new cryptocurrencies keep popping up left and right, and you can expect that number to increase. Most likely, not all the 1,600 cryptocurrencies available in 2018 are going to make it big within five years. On the other hand, a single cryptocurrency that isn’t even born yet may explode and replace Bitcoin for good in the future.
I mark this concept as both an opportunity and a challenge because you must remain open minded and have a vision for the future in order to screen through the newcomers and pick those with true potential. For more on selecting the best cryptocurrencies, ...
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