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Stock & Crypto Market Exchange

Where to start investing for both short & long term gains

By Hobbies • Skills • Talents • Passion • ProfessionPublished 3 years ago 4 min read
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Stock & Crypto Market Exchange
Photo by Nick Chong on Unsplash

Many of us are probably familiar with the stock market since it has been in existence for about 400 years but not a lot of us know about cryptocurrencies yet as they’re fairly new to our economy. I’ve done some digging & researching myself and according to some of my findings & readings online that both crypto & stock markets are equally risky meaning price fluctuations can be pretty common every so often. So before you even think about investing always remember to only invest what you’re willing to play with because you could either lose it or gain more from it if done with a less aggressive but more of a moderate/conservative approach & make adjustment as needed. Keep in mind the charts of each & every stock/crypto you want to invest in as this is one of the things that’ll help you make better predictions & investment decisions aside from the company of the stock(s) or crypto you’re investing in. Another is doing research about the stock/crypto alone may also help in making better predictions/investment decisions. Most importantly, knowing when to sell and buy is equally as important in making those short or long term gains. The point is simply to buy in low price, hold & know when to sell in high price which can happen in a week, month, a few months, a year or even in many years. The gains you can get will depend on how fast the growth of stock/crypto is going, the market cap of the stock/crypto, the purpose/reputation of the company of the stocks/crypto you’re investing in and ultimately how the economy is doing in general. So far, the total market cap of crypto just reached 2 Trillion USD whereas the total stock market cap is right around 50 Million USD. Moreover, crypto trading is 24/7 whereas the stock market has limited trading hours & have weekends/holidays off. The stock market may be more matured than crypto but it is pretty hard to know when things will either crash or go as high up as the moon. There are stocks/crypto less than a dollar worth which they call penny stocks/crypto and some are even below 1 cent such as the popular joke crypto Dogecoin when the coin was less than a cent for a few years until it hit .1 per coin and now it’s .59 per coin at the time of writing this. Diversification of portfolio is a good thing to do incase a stock/crypto or two price drop so we don’t end up losing a lot of our money within our portfolio. I’d say, anything above 20% of our portfolio being crypto while 80% is a mixture of stocks/ETFs/bonds is considered an aggressive approach to investing whereas 5-10% of our portfolio being crypto while 90-95% is a mixture of stocks/ETFs/bonds is considered moderate/conservative approach. Whichever strategy you choose is up to your experience, knowledge and how much starting capital you’re willing to invest. Now, if you’ve read this far then you must be wondering how to start investing in stock, crypto or both. Here are some of the best apps I recommend to both beginners and experts which you can find in the app store. 1. Kucoin is a great app where there are a lot of cryptos in various price range to trade such as coin worth below a penny, a dollar or more, a hundred dollar or more and bitcoin which is as high as 55,412.20 at the time of writing this. They also have charts and other features that you can use to better help ourselves with trading. They have an internal crypto wallet which acts as a store for your crypto. You can also transfer crypto from an outside wallet to the app’s internal wallet as long as it supports the crypto. Some of the widely supported crypto in most platforms are btc, usdt, eth and more. 2. Crypto.com app is another great app where they show you a list of currently trending or hot crypto but not much penny or under a penny crypto. They also have charts and their own crypto wallet. You can also transfer crypto in or out of the app. 3. Robinhood is a decent app for trading crypto/stocks but you can’t really transfer crypto into the app from an outside wallet and they don’t have any under a penny crypto/stock. 4. Stash is a good app as well but they only allow stock trading here. They have features such as auto investment & smart investment where the app will help you in the decision making of your investments but it has a monthly fee.

If you decide to try these apps for free, you can sign up using my referral links below and we would both get either free money or stocks/cryptos!

https://www.kucoin.com/ucenter/signup?rcode=rJC44FN&lang=en_US&utm_source=friendInvite

Find the next crypto gem on KuCoin! For every 4 crypto holders, 1 is with KuCoin! To be one step ahead of others, go trade on KuCoin now to meet smarter investment and diversified projects!

Use my referral link https://crypto.com/app/cvqq2fj6yf to sign up for Crypto.com and we both get $25 USD :)

Join Robinhood with my link and we'll both get free stock 🤝 https://join.robinhood.com/joemarc2

https://get.stash.com/joemarie_dn2wtbb

Feel free to look up other sites/apps that work for you if these don’t satisfy your needs. If you want to be part of a growing community that’s constantly learning the game of investing in the stock/crypto market then feel free to join my facebook group https://www.facebook.com/groups/stockcryptomarketsnlg

If you find this helpful, don’t forget to leave me a tip on here or Dogecoin in my wallet address D8kqEs4xnQQjccBxqUzdYgxnBQQhNAcucg

alt coins
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About the Creator

Hobbies • Skills • Talents • Passion • Profession

I'm currently a Multimedia Media Design/Graphics & Web Alumni of Devry University, fitness/health enthusiast, mushroom cultivator/forager, gamer since 5yrs old. Born: 12/23/1992, Married: 06/23/18 & a Father

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