The cryptocurrency rises in value as the economy prepares for a rebound

HOUSTON, Texas (KTRK) – With the stock market taking off and the economy poised for a rebound, one investment is overtaking them all: cryptocurrency.

I’ve been watching Bitcoin for years. Not long ago it was at an all-time high, then it went down. Right now, it’s worth more than $ 19,000 per coin, which makes it close to a new high.

You’re probably hearing a lot about Bitcoin, and as it increases in value, you’ll hear a lot more about it. You might also consider investing in it.

There are a couple of things to keep in mind. Bitcoin is just one of the cryptocurrencies on the market.

It is the most valuable and the potential losses could be large if it were to decrease again. A cryptocurrency investor told us that if he didn’t put money into the currencies he wasn’t willing to lose.

Right now may not be the best time to buy, as values ​​are rising rapidly. But this is a good opportunity to learn about cryptocurrency and thus buy at a lower value.

You can buy various cryptocurrencies using an internet-based exchange. Money is virtual, but every year it becomes more and more accepted as a form of payment.

“Again, you don’t want to put in more than you are willing to lose, so small amounts, start small, play with it. “Be a day trader to buy and sell. But again, don’t risk all your wealth. I’d say that’s the best advice.”

If you decide to buy a cryptocurrency, you can get a digital wallet that stores your cryptocurrency and keep that device in your home. Or you can leave it in the exchange, like stocks.

Another thing about investing: Usually when you see the news that guys talk about an investment, the time to buy is long over. It may now be an opportunity to learn about cryptocurrencies.

Follow Jeff Ehling on Facebook, Twitter and Instagram.