Trading cryptocurrency is gaining significant steam in the modern era. From humble beginnings just over a decade ago, Bitcoin has spawned more than 10,000 unique cryptocurrency coins, tokens, and forks. It can be hard to keep track of all the opportunities that exist within this matrix of viable trading options (and of course, many of these thousands of crypto coins are never going to expand more than a few cents).
SMU alumni invest in the future of cryptocurrency with their firm Plutus21.
I have a couple of friends who are really into cryptocurrencies. They’ve been swapping crypto for a while, and some of them have made a lot of money! They’ve encouraged me to get into crypto, too, and I’m honestly pretty intrigued. But I’m also very wary of investing in anything that I don’t fully understand myself — and I have to admit that I don’t understand cryptocurrency at all!
I’ve heard of the big cryptocurrencies, of course: my friends trade ones like XRP, for instance. But I don’t understand how cryptocurrencies actually work, or what they’re used for, and that makes me nervous. My friends seem to be bad at explaining all of this, so I’m hoping the experts can help!