What Is Cryptocurrency? A Simple Guide To Understanding Cryptocurrency And Crypto News

A pile of coins representing Bitcoin cryptocurrency sit grouped together in the U.K. Photographer: Chris Ratcliffe/Bloomberg

I am constantly running into techies and entrepreneurs who have made a ton of money by investing in cryptocurrencies. I don’t usually get into something unless I’ve educated myself on it and feel very comfortable with the industry, but to be honest, I haven’t experienced this much FOMO (fear of missing out) in a while.

Cryptocurrency just wasn’t an area I jumped into early on because I had such a lack of knowledge about it. However, as an entrepreneur, it’s really important to make an effort to learn more so you don’t miss out on a new opportunity. Recently, I’ve made it a point to find out as much as possible about cryptocurrency so I can make more informed investments in the future.

Now that I’m caught up and feel more comfortable, I want to pay it forward and help other entrepreneurs and potential investors who might also be hesitant to dive into the world of digital currency. Here are some ways to prepare before jumping at the next ICO:

1. Stay Updated On Timely News

It’s taken me some time to get caught up on crypto news because it’s always changing. It seems as if there’s a new form of digital currency almost every day, from bitcoin to Ethereum, Dogecoin to Garlicoin, it’s tough to keep up. With crytocurrency being such a new industry, any change in the crypto world could skyrocket the value of your investment or send it into a tailspin. That’s why I’ve spent the last few months building up my resources for staying informed. Here are a few of my favorites:

Coinzy: Coinzy is a daily newsletter of top-curated articles related to the bitcoin and crypto world. Trust me, it’s worth a sign-up because everybody and their grandma is covering the space in some way. I spend the advertised eight minutes a day reading the newsletter, and I love it. It’s a great way to consistently get the education you need so you aren’t just going off of what the hip tech guy told you at the last conference.