Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

What an investor should know about cryptocurrecies?

4 min reading
LedgerX Offers Call Options for Individual Customers

Cryptocurrencies still arouse much controversy many years after its creation. So, with all the rumours and legal doubts, how can we estimate whether it is worth investing in them?

Different opinions

Many well-known investors in this world did not believe in cryptocurrencies. There were people like Charlie Munger, the vice-president of the Berkshire Hathaway holding, who told his employees: "It's horrible that professional investors are starting to play with cryptos." There was also Robert Shiller, winner of the Nobel Prize, who recognized that people overestimate the importance of Bitcoin. Jamie Dimon, JP Morgan Chase's CEO, who changed his views - from a declared opponent to a man who personally launched a cryptocurrency. There are nearly 2,500 cryptocurrencies in the world. So how do we recognize which ones are worth investing in? According to Erik Kovalak, the managing partner of Vellum Capital, people translate the value of cryptocurrencies into a traditional model, eg the P / E ratio (price earnings ratio). It is calculated by dividing the market price of one stock exchange share by the net profit attributable to it. There is another converter for virtual currencies, called NVT Ratio (network value to transactions), but it is not always precise. Kovalak claims that assigning values ​​to cryptocurrencies means estimating them against philosophy and technology. Investors should ask themselves: does the basic structure of cryptocurrencies provide a transparent and decentralized solution?

A once-in-a-lifetime chance?

The key question for the wider introduction of cryptocurrencies is the question of how easy it is to acquire, protect and use them. The main beneficiaries would be people over forty. There is still a lot to do about the awareness of people, mainly older people, about how to understand this industry.
Cryptocurrencies are more than money - it's a whole industry. Imagine that you have invested in an e-mail in 1993 - before browsers introduced platforms for wide application. Crypto can work on a similar principle.
These are the words of one of the cryptocurrency experts in answering the question of whether the virtual coins may become the first ever global currency. This opinion sounds interesting to all investors. Nevertheless, it's not yet the time for that. To enter the mainstream, one should lead to a situation in which people use the blockchain without realizing it.

What to remember when investing?

G. Mark Hardy, CEO of the National Security Corporation, when asked about the criteria that determine the value of cryptocurrencies, drew attention to three elements. First of all, the financial stability and experience of major developers and their sponsors. Secondly, monitoring consumer acceptance. The third issue is to decide whether the company responsible for the coin solves the specific issue. Since there are more than 2,500 cryptocurrencies, many of them simply imitate predecessors. Cryptocurrencies are still a new and unconventional business. However, here, as in any other case, there is an answer to the question of what to invest in. It is important for investors to know if it is within their own knowledge. It is as if the production expert missed the opportunity to invest in a health care startup. Is this really a loss? Secondly, we should know as much as possible about the companies behind the coin. Consider whether they are acting in a just cause. The already mentioned here Eric Kovalak advises: select five crypto investments among the largest in terms of capitalization and manage them as your own fund.
Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.