The world of cryptocurrency is vast. If you are looking for alternative investments to add to your portfolio for retirement, attempting to invest in the asset class can be tricky. Many may wonder where to start.
Why are cryptocurrencies important?
A cryptocurrency is a digital or virtual currency that operates independently of a central bank and uses cryptography for security. It is built on blockchain technology, which makes transactions secure and transparent.
The rise of cryptocurrencies can be attributed to various factors, including the decentralisation of financial systems, the increasing digitisation of economies, and the desire for anonymity and privacy in financial transactions. Bitcoin, the first and most well-known cryptocurrency, was created in 2009, and since then, thousands of other cryptocurrencies have emerged.
They’re important due to their incredible growth in value - one of the asset class’s most significant drivers of popularity. Bitcoin, for example, reached an all-time high of almost £52,000 per coin in November 2021, up from just a few pence when it was first introduced. This surge in value has made many people wealthy and has attracted the attention of investors, businesses, and governments around the world.
Another reason for cryptocurrencies' popularity and importance is their ease of use. In contrast to traditional currencies, we can use cryptocurrencies for global transactions without intermediaries such as banks or payment processors. As a result, they are a convenient and cost-effective choice for international transactions.
Digital currencies could be the future, with governmental involvement in the works. The central bank digital currency (CBDC) has been shared with the public by the Bank of England, which is not intended to replace the pound but work alongside it.
Why learn more about cryptocurrency - and how
The world of cryptocurrency can be complex and overwhelming, especially for those who are new to it. Yet, it is essential to learn everything you can before considering investing in this market, as the cryptocurrency ecosystem is still in its infancy, despite all its hype over the past decade.
People are moving toward this investment opportunity due to the possibility of achieving massive profits. It is becoming a much more appealing option for people to put their money into for pension pot growth rather than leaving it in low-interest-rate bank accounts.
As a result, many online resources and platforms have been created to aid individuals in understanding these new digital assets. They've seen their usage flourish because of cryptocurrencies' popularity, the most popular being Bitcoin (BTC) and Ethereum (ETH).
One such source is The Coin Bureau, a website that offers evaluations and educational material about cryptocurrencies.
What is The Coin Bureau?
The Coin Bureau website offers evaluations and educational materials about cryptocurrencies. A group of cryptocurrency enthusiasts launched it in 2017, intending to build a platform that would aid users in understanding and navigating the Bitcoin ecosystem.
Based in London, UK, the platform offers a variety of instructional materials, such as reviews of major cryptocurrency exchanges and wallets, beginner's tutorials, and in-depth analyses of various cryptocurrencies and how the blockchain works. The Coin Bureau also releases regular cryptocurrency-related videos on its active YouTube channel, providing educational videos for a better understanding of this digital asset.
Who is Coin Bureau Guy?
The Coin Bureau guy (Guy Turner) is a popular influencer who has earned rapid fame over the growing interest in cryptocurrencies and claims to be the go-to resource for anybody interested in digital currencies.
Guy prides himself on offering unbiased opinions that have undergone extensive research by his team of crypto-analysts. He analyses several cryptocurrency opportunities in-depth alongside other themes related to blockchain, cryptocurrency, and decentralised finance in various podcasts. Over 100 episodes are available on Audible.
Is The Coin Bureau a good place to learn about crypto?
The Coin Bureau is a great website for learning about the metaverse. This includes in-depth information about the crypto market, crypto exchange platforms and other digital assets, like NFTs. Both newcomers and more seasoned Bitcoin lovers can access the platform's extensive library of educational materials and find some information from which they can learn.
The quality of The Coin Bureau's teaching material is one of its advantages. The Coin Bureau's team has extensive experience in the business crypto company world, technology, and trading, so you can consider their insights well-researched and trustworthy. The platform explains many facets of the cryptoverse and its blockchain technology. It speaks clearly and thoroughly, making it simple for beginners to comprehend.
What content does The Coin Bureau offer?
There is variety in the content on The Coin Bureau, including detailed analyses of specific coins, tokens and NFTs, and the fundamentals of cryptocurrencies. As a result, anyone can find something of interest on The Coin Bureau, regardless of their level of Bitcoin or crypto experience.
Or, if you want to learn how to trade cryptocurrencies to (potentially) supplement your pension pot, The Coin Bureau can help. To trade with the popular Bitcoin or a smaller altcoin, you must set up a wallet on a crypto exchange site or app. The Coin Bureau makes doing so easy. It provides clear information on how to do it through sites like Coinbase or Binance, so it becomes effortless to start investing in the crypto market - even as a novice. The platform is perfect for beginners due to its ease of use and visualisation of trading.
Is The Coin Bureau helpful to crypto beginners?
The younger generation has been quick to adopt investments into cryptocurrencies, but it is also something which is growing amongst older individuals too. According to a survey by the Financial Conduct Authority (FCA) in 2020, 15% of adults over 55 had invested in cryptocurrencies, compared to just 5% in 2018. Consequently, sites like The Coin Bureau must provide content for beginners of any age.
What's great about The Coin Bureau, in particular, is that you can find assessments of major crypto exchanges and wallets. Using these reviews is especially helpful for those unfamiliar with cryptocurrencies and looking for a trustworthy and safe method of purchasing, selling, and storing their digital assets. In addition, readers can get an unbiased and objective evaluation of the various platforms by reading the reviews, which are impartial and objective. For instance, The Coin Bureau discusses the controversial FTX, a trading platform that allowed trading without consent.
The Coin Bureau and social media
These assessments are also found on The Coin Bureau's YouTube channel. The channel has a significant following and often posts videos covering a variety of cryptocurrencies and blockchain-related topics. The well-produced and engaging videos make them an excellent resource for those who prefer to learn through visual media. The YouTube channels following is part of a more extensive community which The Coin Bureau has established.
The Coin Bureau has grown a global audience. The platform maintains active accounts on Twitter and Reddit and even has a podcast, giving it a solid social media presence. The staff behind The Coin Bureau actively interacts with its audience on social media by answering inquiries and leaving comments. The audience can also share their thoughts on which coin is entering the bear market and guide one another on how their crypto assets are faring.
For those new to the cryptoverse and looking for alternative investments to add to their portfolio, The Coin Bureau's community features are crucial. Having a supportive network to lean on when facing the sometimes frightening nature of the Bitcoin world can be helpful. The lively community at The Coin Bureau offers a secure and encouraging setting for people to ask questions, discuss their experiences, and gain knowledge from others.
Are there any drawbacks to using The Coin Bureau?
While The Coin Bureau is a good place to hear the latest crypto news, there are some drawbacks to using the platform.
Lack of diversity
The lack of diversity in altcoin material is one of the critical problems. The platform sticks to the most popular cryptocurrencies like Bitcoin and Ethereum. So those curious about alternative coins and tokens may need to seek information elsewhere. This is also true for NFTs and the latest news in the broader metaverse.
Another potential drawback of The Coin Bureau is the heavy focus on technical analysis. Technical analysis may not be applicable or available to everyone, even though it can be a beneficial tool for understanding market patterns and making investing decisions. Some individuals might want a more fundamental analysis-focused approach to cryptocurrencies, which The Coin Bureau does not cover as extensively. It is vital to have a broad knowledge of this market, as it is highly volatile.
No specific investment advice
It is also important to remember that The Coin Bureau does not act as a financial advisor and does not give specific investment advice. It is the responsibility of an investor to conduct their research and make their own investment decisions, even though the platform offers a plethora of instructional content and reviews of various cryptocurrency exchanges and wallets. This is a disclaimer that The Coin Bureau clearly states, so they are not liable for any mishaps.
Using other sources
Given The Coin Bureau's drawbacks, if you consider investing in the cryptoverse to boost your portfolio or retirement funds, it may be worth indulging in content across platforms to ensure accuracy and to help you develop a broad knowledge of this space. Doing so will help you better consider the risks involved in this market.
It may also be beneficial to look into more stable currencies, called stablecoins, which are aimed at being a safer investment option. Staking (or Defi Staking) is also an option, which is when a network participant gets selected to add the latest batch of transactions to the blockchain and earn some crypto in exchange.
Expanding your knowledge of crypto
Overall, The Coin Bureau is a good resource for learning about cryptocurrencies. The portal offers a tonne of trustworthy, thoroughly researched educational content. There is something for everyone on The Coin Bureau because of the variety of content provided, which ranges from beginner's instructions to in-depth analyses of specific cryptocurrencies.
Plus, the platform also offers a welcoming environment for consumers to learn about and discuss cryptocurrencies, thanks to its vibrant community and strong social media presence. Advice is provided through the community, giving beginners in crypto investments a sense of mentorship.
Ultimately, it is crucial to remember that The Coin Bureau does not provide proper financial advice. Investments are at your own risk, and many people do not come out on top, but through extensive research and assessments of the market, a wise and profitable cryptocurrency investment may be possible.