It seems like not too long ago, the only investment options you had were stocks, bonds, and real estate. At the same time, most of the world was pooh-poohing the idea of digital currency. Not anymore. Now interest in it is skyrocketing, and as many believe it will become an integral part of society and the world, it may be worth looking into it as an investment. If you are interested in dipping your toe into cryptocurrency investments but aren’t sure of the risks, rewards, and strategies associated with it, Emery EXP can get you started.

First Question: What Are You Willing to Risk?

Every investor would do well to ask themselves how risk-tolerant they really are. “What are you really willing to lose?” Emery EXP asks. “No one wants to look at it this way, but let’s face it, you’re not guaranteed to get any return. So, with that in mind, let’s say you just want to invest some money. You have a very small amount of money you are willing to risk. Your first step, then, is to visit www.coinmarketcap.com or www.coingecko.com. These sites allow you to look at the market cap of coins. Once there, you can use the sort and filter feature to narrow down the lowest possible market cap coins – this is the value of the coin or its worth.”

Second Question: How Much Will You Invest?

Always know how much you’re willing to invest before you even start looking at the coins, Emery EXP recommends. “That will help to keep you from overextending yourself.”

Then, she continues, look for the coins that are less than $500K. “Look for less than $100K if you can find it. There are going to be coins in early infancy. Look at how long this coin has been around. If it’s ten months or more and it is still only valued at less than $500K, don’t buy it.”

The goal, Emery EXP explains, is to find new coins that have very low market caps. “Once you find one, try investing $100. Let’s say that a coin you invested $100 into has a $100K market cap. If that coin rises to $1M, you’ve just doubled your money. Pretty sweet, right?”

Of course, there’s always a chance the coin won’t be lucrative and you lose that $100. “The method I just described is a way of testing the possibilities of the coin. You have more of a chance than if you were to go to Vegas.”

Emery EXP says that this is why you don’t want to invest $10K into a coin with a market cap that is only worth $100K. “This would make you 10% of that company, and you’ll be on the market. Your money will fluctuate, and there will be no liquidity for you to cash out. You want to have the option to cash out. You don’t want to invest that much unless you’re in it for the long haul.”

Third Question: Are You In It For Some Quick Cash?

However, if you’re just interested in trying to make a little fast money and see what crypto is all about, just take a couple hundred dollars and invest in a few coins. “Find five or so coins and throw a few hundred dollars into each. Chances are that one of those coins will increase in value,” Emery EXP adds. 

She states that there is an interesting case study about the shiba inu coin. “In August 2020, someone bought one for $1K. At its height, it was worth $5.4B. Sounds incredible, right? The problem, though, is that now there’s a liquidity problem. You can’t cash out $5.4B because it’s not really worth that, and you would sink the entire market.”

Ultimately, finding a coin early enough that you can quickly invest in is the key, Emery EXP believes. “If one of those coins were to skyrocket, you would be in a great position.”

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