Obviously, I am not a finance expert. I’ve become interested in the cryptocurrency world and am looking at the different options in it. It seems like so many people and friends are talking about. Even then, I wasn't very motivated. Then I started reading about Navel Ravikant, and found that this Indian-American investor take on the subject refreshing and evocative. I was ready to explore a little more.
I won't get into the details of the inner workings of cryptocurrency as I am far from an expert. But often, I find that jumping and testing the waters is the quickest way to learn, if you can do so with a certain level of safety.
Remember, this is not a safe investment by any means, so don’t put money in there that you can't afford to lose. Imagine perhaps putting in 20 francs a month—what you would spend on a few pairs of socks.
Having said that, a bitcoin is worth almost $49000 USD. That is not a sum that I can afford to lose. Until I learnt that you do not have to buy a whole bitcoin, as they are expensive, it is perhaps better not to. You can buy a little bit of bitcoin instead.
Here in Switzerland, you can buy bitcoin from automated bank machines at the train station...yes I know, a little bit sketchy, and I personally/emotionally cannot really do that. You can also sign up for Swissquote. It is an online platform Swiss bank and it allows you to buy and follow your cryptocurrency on the Swissquote application.
Many major experts think that cryptocurrency is the next big thing. It’s always hard to know. Never play with money you need, but try and diversify if possible. Further, I think it keeps me on my toes, my head in the game and pushes me keep up with the advances of the future.
