Financial instruments and investing in them have been around for hundreds of years. With careers dedicated to the practice, research, and teaching of finance and its related fields, it’s safe to say that society knows tons about the basics of investing, not to mention highly advanced, technical aspects of the field.
Whenever new fields, whether they’re related to finance or not, pop up, they take long periods of time to get developed as far as that of finance, medicine, marketing, broadcasting, and everything in between.
Cryptocurrency Is A Popular, Recently Developed Field
Digital assets haven’t been around for long. The father of all modern cryptocurrencies, Bitcoin, was created in the first month of 2009 – that means it’s been around for just over nine years according to banyanhill.com.
There are more than one thousand cryptocurrencies in trade today, some of which grow in price overnight hundreds of dollars at a time. Unlike the world of finance, understanding what’s going on with cryptocurrencies is highly difficult due to its relatively recent entry into the fray of things related to finance.
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Who Is Out There Learning About Cryptocurrencies For Planet Earth?
People just like you and me get into cryptocurrencies by reading about them. While buying them is remarkably easy, it’s doesn’t make sense to do so unless you thoroughly inform yourself of at least the basics of cryptocurrencies and what causes price changes on investopedia.com.
It’s important for people to take care in the world of cryptocurrencies, as spending too much money on poor choices is entirely a bad idea. Prices of cryptocurrencies are more volatile than pretty much any other financial instrument known to man.
Ian King is one of the forefront leaders in writing about cryptocurrencies. He has worked in financial services in one capacity or another over the past 20 years. Mr. Ian King most recently worked for Peahi Capital as its manager of day trading options, although all he does for a living today is write about cryptocurrencies and research them, as well. He writes once a week for the Sovereign Investor Daily, and is a member of Banyan Hill Publishing.