5 Investing Tips to Start 2022 on the Right Foot | personal finances

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That’s why it pays to take it slow when it comes to buying cryptocurrency. If you’ve yet to really dabble in it, start by investing a small percentage of your money and see how you fare rather than go all in. Furthermore, we don’t know what regulations are in store in the world of crypto. But if changes come through that make cryptocurrency less appealing from a tax standpoint, it could drive the value of your digital coins way down.

5. Eke out as many tax benefits as you can For one thing, cryptocurrency has only been around for a little more than a decade. Compare that to the publicly traded companies that have been around for well over 100 years, and it’s easy to see why the idea of owning digital coins can be unsettling.

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