We’ve all heard them. The stories of classmates and colleagues who bought and sold cryptocurrencies at the exact right time and made a huge profit, the incredible success stories that make us wonder what life could have been like if only we’d bought some Bitcoin at the right time. But what actually is cryptocurrency, and does it have a place in a solid investment strategy? How does it even work? Here are a few things to consider if you’re curious about investing in crypto:

Understand what crypto actually is

Cryptocurrencies are a digital currency and can, under some circumstances, be treated as real money in that they are sometimes an accepted currency for buying goods directly. This makes them a little different from stocks and shares, because you don’t have to sell them in order to reap the financial benefits. They are purely digital and have no cash form, and you can’t simply transfer them to your bank…

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