The Ins and Outs of Cryptocurrency and the Stock Market

The stock market and cryptocurrency are two facets of a mysterious monetary world, and although they are complex, they are also accessible to almost everyone. 

 

Cryptocurrency is an online medium of exchange used on a near global scale. Along with it, there is also the stock market, which provides a method by which people can buy and trade parts, or shares, in various companies. By holding a share in a company, you own a small piece of it and may receive a proportionate dividend of its profits. 

 

Bitcoin was established as the first decentralized cryptocurrency in 2009. Although steadily growing for many years, it became more prominent during the Covid pandemic, as did the stock market. 

 

With cryptocurrency and the stock market on the rise, more people are showing interest, but both forms of trade carry risks and opportunities. “I don’t think it’s a bad thing to necessarily watch and maybe invest, but I think you’d have to be very careful. In any investment you kind of have to kiss that money goodbye, understanding that that money is no longer yours to play with,” says Mrs. Kathleen Laguardia, a personal finance teacher at Woodgrove. 

 

Student involvement with cryptocurrency and stocks is a hobby meant for people who deeply understand the risks and know what to expect with rewards. Definitely don’t underestimate how complex it is,” says James Dougherty, a Junior at Woodgrove high school. “I started with very small investments in stocks, no more than $200 in total, in companies with long-term reputation and high confidence in their success throughout the pandemic.” 

 

There are many resources available to investigate and learn from. Books such as The Age of Cryptocurrency, by Michael J. Casey and Paul Vigna, can help the reader to have a more complex understanding of cryptocurrency. The Intelligent Investor, by Benjamin Graham, provides tools to help navigate the stock market.