Now more than ever, the issue of data protection is paramount. The cybersecurity market is rapidly evolving. In October 2021, Crunchbase estimated that investments in cybersecurity exceeded $14 billion in a year. “Who owns the information – he owns the world”. To store information, a special infrastructure is being developed – cloud storage. All global financial settlements are made in the global electronic space through the exchange of information, including special blockchain technologies. A special infrastructure for making payments is being created – electronic wallets, programs for making payments and transfers, the operation of which is also based on the principle of storing, transmitting and exchanging digital data.
Cyberattacks are a constant threat to companies large and small. The number and sophistication of hackers is on the rise. Against the background of relentless attacks by relentless hackers, cybersecurity stocks are constantly rising in price. Is it worth investing in shares of companies in the sector. Analysts estimate that the global cybersecurity market will grow at an average annual rate of 10.9% until at least 2028, because more people, corporations and even governments will be affected by cyberattacks. The value of cyber products is not limited to protection against hacker attacks. The image of a company that cares about information security attracts customers. A consumer is more likely to buy a product or service if he knows that the information he provides to the company is protected from leaks.
A novice investor should have an action plan
Crypto market analysis
Every currency has periods of ups and downs. Crypto is no exception. It is important to follow the trend. The principle of earning is to buy cheaper, sell dearer. Pure speculation.
In 2020, the price of bitcoin changed a lot, including due to the crisis in the global economy associated with the coronavirus pandemic. At the beginning of the year, it cost $7.2 thousand, and by the end – around $19 thousand. The first cryptocurrency began 2021 with rapid growth. At its peak, Bitcoin traded around $68,000, and then began a gradual decline. At the beginning of 2022, the price of BTC dropped to $38 thousand at the moment. Then the cost of bitcoin rose to $44,000. However, several drops were expected for the cryptocurrency this year. In the first quarter of 2022, Bitcoin failed to rise above $50,000.
Even the price of the largest cryptocurrency is very changeable, so you can invest in it only with a competent strategy – and only those funds that you are really ready to lose.
Study of all possible risks
Nobody can give you any guarantees. This needs to be learned. The financial market is not stable and prices fluctuate up and down all the time. The high volatility of cryptocurrencies makes it possible to earn quickly and a lot. Through their speculative buying and selling. A good step would be to choose a trader or a consultant company that will accompany you at all stages, make an analysis, minimize risks and determine the most profitable strategy.
The choice of currency in which you will invest
Choose the currency that you will not be afraid to lose. It is not necessary to grab BTC right away. Beginners should pay attention to beginners and promising cryptocurrencies that are traded in the range of 100 USD per unit. Do not forget that the cryptocurrency market is extremely high-risk. Study the cryptocurrency you want to buy. In addition to bitcoin, ether (ETH), litecoin (LTC) and Ripple (XRP), there are more than a thousand coins in the crypto world. Subscribe to official developer resources. You will have to spend a lot of time to decide which of the cryptocurrencies to invest in.
It is definitely worth investing in cryptocurrencies. It is up to you to decide how much and in what exactly it is worth investing your money. Most importantly, remember to take your time. Invest only the amount that you are not afraid to lose, because the financial market is changeable. Do not forget about the risks and do not neglect the help of specialists.