Cryptocurrency investors are planning for the long term, targeting their digital assets toward retirement and future generations.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
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This behavior differs from traditional stock investors, who are prone to panic-sell shares after a big drop.
When cryptocurrency prices drop, many regular investors smell a bargain.
And when times are good?
Did you know?
Bitcoin has weathered several downturns and come back, Blumberg told The Penny Hoarder.
Bitcoin lost 80% of its value in four months at the end of 2017 and beginning of 2018.
Many people thought it was all over, it would never come back.
Its proved it has staying power.
While consumers have been able to invest in cryptocurrency usingself-directed IRAsfor years, the process was complicated and time-consuming.
Another 41% of parents said they would consider doing so.
Parents have different goals and objectives when buying cryptocurrency for their children.
But this area of personal finance is also evolving.
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.
The overall surveys margin of error is +-2% at a 95% confidence interval.
It sounds appealing right?
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