Money market investment has never been an area of interest to me. I understood the stock market well. I wanted to invest in companies and the people behind the company and the problem they were trying to solve.
There is a lot of advice online on finding the best deals for stocks to invest it. There are WhatsApp groups you can join, and there are newsletters you can subscribe to which will advise you on investment strategies. I have somehow always gone with investing in companies that I used a product of and if that product was well thought. Not the smartest way of investing, but I was not investing a lot of money, to begin with.
There has been a lot of chatter online about cryptocurrency in the last few years: Bitcoin, Litecoin, ethereum, and so many other variations of digital currency. I spent a lot of time reading about a cryptocurrency and even signed up to a few websites that promised a 0.000002 Bitcoin value if you signed up with the service. I have not traded cash for a bitcoin till now. Why not? I still don’t understand it completely. I even don’t see its usage anywhere except for currency being traded against a local dollar value in the exchange.
What could change my mind? I read today that Tesla was planning on accepting cryptocurrency as payment. I wish more companies follow through. That would make it attractive for me to consider investing in the digital currency market. Would it be too late and would the prices be too high by then? That’s a downside I am ok with.
