I was always very dismissive of crypto. I used to invest my extra money in the stock market, and nowadays that is much easier for people with brokers like Robinhood and Revolut giving people easy access to the markets for low or even 0 fees! Your assets are backed by companies and for the most part it's pretty straighforward how it all works. You can invest in very safe funds like ETF's for example, or solid companies that earn a nice dividend. I would recommend it to anyone that is interested in investing.
But then the Corona virus/Covid-19 Pandemic started!
Suddenly it became much harder to predict what would happen to the economy. Which countries would be hit hardest? How long would this go on? What would be the effect on the world economy, and will there be a recession? Well we still don't know the answers to all these questions.
Now if you're a long term investor, these things aren't that big of a deal. If you hold on to your stocks, you'll probably be ok once this is all over. You might even find some great bargains if you time your next investments right.
Crypto which can seem incredibly difficult to understand to outsiders or noobies, is hard to get started with. What do all those terms mean, what are all these coins for, where do you even start? It can seem like it's full of risks and the idea of buying crypto can seem intimidating as well. It's only been about 3 months for me, and I'm still finding out so many new things.
But since I still wanted to invest, I started to slowly learn more about it, and try out some faucets to earn some free crypto to play with.
I mean what better way to invest in something right now, than a decentralized asset, that isn't directly affected by the global economy?!
And I'm incredibly glad I did this! Crypto doesn't seem like just a speculative risky investment anymore. Sure some of them are, but there are so many interesting projects out there. So many coins that are actively working to solve real world problems.
It is because of this I now believe that crypto should be part of anybody's investments. Crypto still has a long way to go to mass adoption, I mean we probably all have had that conversation with someone who said: "wait you're putting money in crypto?!!!", but that only means that there are still a lot of opportunities out there and that crypto should continue to go up in value as demand increases.
I'm really grateful for platforms like Publish0x that are so supportive to new and existing crypto fans! It's a great way to learn and inform yourself about crypto!
If you're reading this and you want to get involved as well, but don't know where to start, you can read the guide that I made for newbies. I made a lot of mistakes in the beginning, and wasted a lot of time. I think crypto faucets can be a great way to begin with crypto. They won't make you rich, but it's an easy, free, and most importantly safe way to help you learn about cryptocurrency.
Just make sure to not follow the hype too much and make sure you know what you're investing in. You should always invest with money you don't need right now, and are willing to lose in the worst case scenario. This will save you from a lot of stress!
Thanks for reading and have fun investing!