The Limited Times

Cryptocurrencies: precautions to take before investing

4/24/2022, 8:45:45 AM


OUR ADVICE - Building a portfolio of cryptoassets cannot be improvised. Better to follow a minimum of rules to avoid losing your shirt.

There is no secret: only risk taking can improve the performance of your investments and limit the impact of inflation.

The purchase of cryptocurrencies and funds replicating their performance can respond to this strategy.

But beware, the extreme volatility of these financial products makes it necessary to follow a few strict rules to avoid taking the broth.

To discover

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Understand how they work

It is possible to buy via your securities account funds or ETFs (exchange-traded funds) invested in shares of companies specializing in the cryptocurrency sector (mining companies, trading establishments, etc.).

You can also trade digital currencies directly by opening an account on a platform or creating a blockchain wallet.

“Before investing,

recommends Félix Alleaume, a saver who bets on cryptos,

you have to take the time to get informed (articles, videos, educational YouTube channels, etc.) to fully understand the specificities of this digital finance.”

Choose regulated platforms

The…

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