Cryptocurrencies are one of the greatest innovations of the 21st century. Not only are they an incredible thing on their own but they’ve slowly crept their way into many other facets of our life such as poker and video games and are being integrated everywhere in new, interesting, and exciting ways. Of course, because it’s so new there are many people who are only now getting into it and have many questions about cryptocurrencies and the various systems that are intertwined with them. We’ll go over everything you need to get started with investing in cryptocurrencies so that your journey can hopefully be simpler.

You need a wallet

Just as you store cash in your wallet, you’ll also need a crypto wallet for cryptocurrencies. There are many different kinds, but you don’t need to worry about that too much at the start, a simple desktop wallet will be good enough to start with. Just make sure to research online and find one that has a good reputation. There aren’t that many differences between them but it’s important to be sure you’re downloading one that is legit. Once you’ve secured yourself a wallet you can finally get started on your journey of becoming a crypto trader.

Time for the currency

Once you’ve obtained a wallet you can go about buying some cryptocurrency. There are many different ones to choose from and that number just keeps on growing. Picking which ones to invest in is an important choice, but when starting out it’s best to stick to the more stable ones and ignore the ones that are in their infant stages for now unless you are certain you know what you’re doing.

Of course, stability is relative and even the most stable cryptocurrencies have big fluctuations and they have them quite often too. It’s something that you’ll need to get used to, market volatility is one of the biggest draws for some people as while it does mean big potential losses it also means that profits are potentially ludicrous as well so risk takers are in their element.

Keep up with the news

Cryptocurrency at the end of the day has close ties to IT and as with anything, IT related you really need to keep up with the trends, innovations, and news in general. This doesn’t just mean keeping up with all the latest things in the world of crypto though. You’re not only required to follow crypto news but the news in general as big events in the world such as wars, new laws being passed or similar things can have big effects on the prices of various cryptocurrencies.

Being aware of everything that’s going on is one of the most important characteristics of any good crypto trader. It’s also important that you’re able to make good financial and market decisions based on that information but that can’t be done without first actually following the news so let’s take it slowly. If you already enjoy following the news and have a passion for new information then that’s absolutely perfect.

Be patient

Success in the crypto world rarely comes quickly. Usually, it takes quite a bit of trading to get your first big win and make good cash. In the beginning, it will usually be either small losses or small wins but both are fine as you’re learning and improving yourself. As with any skill it takes time to hone it and become good at your craft so don’t worry if you’re having a slow start, it’s more common than you may think.

Remember to pace yourself and not get discouraged. Keep a cool head, keep grinding, and eventually, you’ll reach success. There are many uncertainties in this line of work so it’s important that you are able to deal with them and keep going in spite of anything that may occur.

Have fun

The last but possibly most important thing is to enjoy yourself. Many of the best crypto traders genuinely enjoy what they’re doing and it’s that mindset that has allowed them to thrive in an environment that can easily swallow your wallet and mental health up. If you’re having fun and actually enjoying the market volatility and everything that comes with the job it’s a perfect recipe for success.

There are many investment strategies you can use to reach your objectives. Some include diversifying your portfolio in as many fields as possible, while others call for narrowing your attention to one. Medical companies are an excellent place to start your search if you’re considering the latter as your strategy.

The healthcare industry can come in a few different forms, and depending on your interests and what you want to achieve, some options might work better. For instance, companies can be in the pharmaceuticals and devices, insurance, or even care provision sectors. Furthermore, market forces affecting one might not necessarily impact the others, while sometimes can have ripple effects.

So keep reading to learn more about investing in medical companies, and use this trading guide in the UK to help you get started.

Trends in the Healthcare Industry

When investing in companies in a particular industry, it’s always prudent to look at the sector as a whole to learn how trends affect them. The same applies to medical companies. Trends and events in other industry areas could significantly affect the companies you’re investing in and drastically affect your return on investment.

Furthermore, they can either be positive or negative and changes in trends adversely affect how companies in the health industry perform.

Positive Trends

• An aging population
• A longer lifespan for people with chronic diseases
• Advancements in medical technology
• The global spread of diseases
• Customised medication

Negative Trends

• Uninsured patients
• Cost controls
• Spread of consumerism

Where Can You Invest?

1. Big Pharma

Both pharmaceuticals and biotech companies are massive drug manufacturing entities. The main difference between them is how and what type of drugs they manufacture. Pharmaceuticals specialise in drugs made from small chemical compounds easily absorbed in the body. On the other hand, biotechs deal in drugs made of large proteins that don’t easily get through the cell membrane, giving them a slower intake than pharmaceuticals.

However, big pharma presents good opportunities to make long-term returns as an investor. But you have to be aware of a few factors before deciding which company to invest in:

• What diseases and conditions do a particular company’s drugs treat?
• What is the size of the market for said drugs?
• Do the drugs meet all of the Medicines and Healthcare products Regulatory Agency standards, and how were the development and marketing handled?
• How many patents does the company hold?
• Are there any substitutes or synthetic versions of the drugs the company offers?

Once you have a clear picture of these factors, you will start to see the profit potential of the companies and know which ones to invest in.

2. Health Insurance

The other major player in the healthcare industry is the guy who foots the bills, the insurance companies. One thing to note about this sector is that there is a time delay between the rendering of health services and the payment of the bills. As such, it’s always best to look for one with a good reputation and a strong balance sheet to ensure it not only meets its obligations to its investors but the insured as well.

Another critical thing to look for while picking an insurance company to invest in is its medical cost ratio. This is the ratio between the cost of covering medical claims and the profit left after deducting them from the premiums collected. The lower this number is, the better the company is as an investment.

Reasons to Invest in Medical Companies

1. Strong Earnings and Growth Potential

In the last five years, the healthcare sector has seen a compounded growth rate of 8.1% in the S&P 1500. This has translated to excellent returns for investors, and the industry is only poised to do better.

2. Healthcare is a National Security Issue

The UK government views healthcare as a national security matter and can never let the industry run rogue or dilapidated. The industry also receives a lot of government support, and investors enjoy some of these perks and the investment security it affords them.

3. Health Care and Medtech

Investing in companies offering health care and Medtech increases the potential for future growth and returns while improving the human condition. The investments you make today pay off in the future in terms of good returns and better medical care when you fall ill.

Shiba Inu (SHIBUSD) is an alternative cryptocurrency to Bitcoin built on Ethereum and has the Shiba Inu—a Japanese hunting dog breed—as its symbol. Shiba Inu is frequently mentioned as a Dogecoin substitute; its supporters even refer to it as “the Dogecoin killer.”

Shiba Inu and Dogecoin are examples of meme coins and digital currencies tied to a particular theme—in the case of Shiba Inu and Dogecoin, the Shiba Inu dog—but which are frequently introduced as inside jokes or parodies rather than as useful digital products.

While Dogecoin was introduced in December 2013, Ryoshi, a pseudonymous person or organization, introduced Shiba Inu in August 2020.

Why did Shiba Inu explode in Price Last Year?

In 2022, any newbies to the cryptocurrency space will recognize Shiba Inu as a crucial component of the sector.

Just one year earlier, the narrative was entirely different.

An unnamed “Ryoshi” is credited with starting the “spontaneous community building” experiment known as Shiba Inu in late 2020. Ryoshi sent about half of the Shiba Inu (SHIB) supply to Vitalik Buterin, the co-founder of Ethereum, when he took a step back to allow the project to evolve on its own.

The control made Buterin uneasy, so he burnt 41.02 percent of the SHIB tokens and donated the remaining tokens to an Indian COVID relief fund.

Shiba Inu surged to a market cap of around $14 billion within a few days. That is Cardano’s (ADA) market capitalization as of July 2022.

Shiba Inu soared again to a market valuation of over $41 billion late last year during the bull market fueled by its rapid popularity and investors’ curiosity.

Yes, Shiba Inu gained popularity as a meme coin due to its resemblance to Dogecoin. But Shiba Inu took off when numerous other meme-coins remained obscure due to a combination of timing, garnering attention, and a massive, charitable coin burn.

Last year, Shiba Inu’s price increased from $0.000000000168 to $0.00008 between early January and late October. That is a gain of around 48,000,000% in percentage.

Pros of Shiba Inu investment in 2022

The main SHIB developments and why Shiba Inu is a wise investment in 2022 are discussed below.

• Shibarium. This year, Shiba Inu is anticipated to introduce its layer-2 blockchain network. In contrast to Dogecoin, Shiba Inu is an ERC-20 token created on the Ethereum mainnet. Shiba Inu will receive its blockchain architecture thanks to the Shibarium, which will let third-party developers and users expand upon it and participate in its validation process. Users and stakers who participate will receive rewards in the BONE token. The SHIB token and all NFTs pertaining to Shiba Inus will be transferred to Shibarium whenever it launches.

• Metaverse. Shiba Inu is also anticipated to release SHIB: The Metaverse, its metaverse experience. In advance of its inauguration, thousands of the more than 100,000 virtual land plots that have already gone on sale have already been purchased. Leading Shiba Inu developer Shytoshi Kusama (a pseudonym) revealed that a major AAA gaming studio will collaborate with them to create the metaverse.

• Shiba Collectible Card Game. William Volk, a seasoned gamer with years of experience at Activision and ROKiT Games, has been selected as the game’s lead for the future Shiba Inu play-to-earn project. The game will resemble previous collectible card games like Magic: The Gathering and Pokémon. Additionally, it has been reported that the Australian game studio PlaySide is working on the project. The TREAT token will be given to players as compensation.

• Shi. Shi stablecoin will also be made available by Shiba Inu for usage with the Shibarium layer-2 blockchain. Shiba Inu will leverage Shi, who has a $1 peg, to provide value and more use cases.

If you find these advantages promising you can buy SHIB online using the provided link.

Cons of Shiba Inu investment in 2022

• Mystery. Shiba Inu operates independently. Investors only become aware of advances through infrequent writings on Medium, and the so-called lead developer Shytoshi Kusama utilizes a pseudonym. Due to non-disclosure agreements, Kusama asserts that he cannot discuss SHIB: The Metaverse. Shibarium and the collectible card game are both cloaked in secrecy.

• Dubious tokenmics. Conclusions of questionable tokenomics might also result from a lack of explanation. For instance, the Shiba Inu woofpaper states a restricted quantity of 250 million BONE tokens, which are anticipated to be utilized for governance and gas costs on Shibarium. Users taking part in staking and rewarding activities on ShibaSwap, a decentralized exchange for Shiba Inu, are currently receiving BONE.

• Competition. Shiba Inu solely faces Dogecoin as a rival in the meme-coin market. However, there is fierce competition in the metaverse, layer-2 blockchain, and collectible play-to-earn game spaces. Polygon, Decentraland, The Sandbox, Axie Infinity, STEPN, and others will compete with Shiba Inu. Although Shiba Inu still has a sizable fan base, it is unclear how it will do against these top cryptocurrencies, given its decentralized foundation and widespread developer anonymity.

• Stablecoin dramas. How the Shi stablecoin will be supported is not well known. The little information suggests that TREAT will contribute to keeping the Shi $1 peg in place. This is not good news after the massive drop of TerraUSD in May. Other algorithmic stablecoins rushed fast to back up their $1 peg with actual US Dollar or other cryptocurrency reserves in the wake of Terra’s fall.

Is Shiba Inu a good investment in 2022?

Shiba Inu is not going anywhere fast.

While other tokens in the cryptocurrency top 20 crashed out this year (think LUNA, TerraUSD), Shiba Inu has climbed up from 15th to 14th place by market cap size. The confidence among Ethereum whales is also promising that Shiba Inu has a bright future in 2022.

However, with no way of seeing how developments are going, Shiba Inu investing in 2022 is largely speculation.

Shiba Inu’s success will depend on how much the anonymous core development team fulfills its promises and how well its utilities perform once they hit the market.