When new to the industry, deciphering whether to invest in Bitcoin or a range of altcoins can be a tough decision. We’re here to sort this out in one quick personality quiz, pointing you in the direction of which crypto is best suited to your needs.
Choose option A or option B from the questions below and tally them up to find your answer at the end.
What are your investment goals?
A) You're tired of traditional investments and want a new simple and innovative way to invest. You're a long-term thinker with a no-nonsense strategy and will stick to your guns.
B) You’re not scared of risk and are looking for investments to actively trade. You like the idea of long term returns, but are happy to do your research and play the market.
What does your ideal lifestyle look like?
A) You're interested in maximizing your wealth so that you can live a happy life while you still can. You want to invest on your own terms and tap into these advantages without stress.
B) You're eager to learn more and be on the cutting edge of technology and all the endless possibilities and advancements it possesses. It's not just about material wealth for you, it's also about the community and opportunities to learn more about cryptocurrency and investing.
What are your thoughts on cryptocurrencies' place in the world?
A) You believe crypto will have a more significant role in the future, and you don't want to be left behind. You're looking for an investment with comparable growth potential, as well as industry-leading performance.
B) You believe that cryptocurrencies are essential for future-proofing your money, and you're eager to learn at your own pace. You're more interested in a diverse cryptocurrency portfolio than in established coins.
Are you a solo effort or a group project?
A) You are a self-starter who isn't afraid to follow your own path in life. You're comfortable collaborating with people who share your goals. You want something that is distinct from the rest and does not require any assistance to develop.
B) You're a sociable individual that thrives in a group. You're looking for something exciting that is both innovative and solution-driven. When it comes to progress, you think collaboration and experimentation are essential.
If you chose mostly “A”:
You're Bitcoin. You're searching for a simple and secure method to grow your wealth, and you want an asset with the highest market value and valuation to assist you. If you want a deflationary, bank-busting store of value, Bitcoin may be your hidden weapon.
If you chose mostly “B”:
You're altcoins. You want a versatile investment that you can leave alone or put to good use as you get more comfortable with cryptocurrency. You may see yourself exploring new ways to generate passive income or even creating your own projects. Variety and staying at the forefront of cryptocurrency initiatives pique your interest.
If you’re straight down the middle:
Why not enjoy the best of both worlds? A diversified portfolio consisting of both Bitcoin and altcoins is just as likely to be successful, interesting and up your alley.
Disclaimer: This article is intended for communication purposes only, you should not consider any such information, opinions or other material as financial advice. The information herein does not constitute an offer to sell or the solicitation to purchase/invest in any crypto assets and is not to be taken as a recommendation that any particular investment or trading approach is appropriate for any specific person. There is a possibility of risk in investing in crypto assets and investors are exposed to fluctuations in the crypto asset market. This communication should be read in conjunction with Tap’s Terms and Conditions.