Benzinga - A leading investment analysis firm has released new research on the most searched investment-related questions on cryptocurrencies on Google (NASDAQ: GOOGL).
The study, conducted by Investing Reviews, analyzed thousands of search terms to determine the top ten questions people worldwide ask when it comes to investing.
The most commonly asked question, with an average of 150,400 monthly searches worldwide, was "How do I invest in cryptocurrency?"
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This was followed by:
- "How can I start investing?" which received an average of 137,000 searches per month.
- In third place, with an average of 64,000 monthly searches, was "How much should I invest when I start?"
- The fourth most-searched question was "What should I be investing in right now?" with 56,600 monthly searches.
- In fifth: "What is passive investing?" with 49,500 monthly searches.
The remaining top ten questions were:
- "How is return on investment calculated?" with 39,600 monthly searches
- "Is cryptocurrency a good investment?" with 31,100 monthly searches
- "How can I trade safely?" with 27,800 monthly searches
- "What is the safest investment to make?" with 19,200 monthly searches, and
- "What are investment bonds?" with 9,400 monthly searches.
Simon Jones, an expert at Investing Reviews, provided answers to each of the top ten questions.
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Regarding the top question, Jones advised that investing in cryptocurrency is primarily done online, through major cryptocurrency exchanges such as Coinbase (NASDAQ: COIN) or Binance (CRYPTO: BNB).
For the second most searched question, Jones explained that the approach to investing can vary depending on the investment vehicle, but trading and investing in stocks can be done through apps and websites that allow investors to retain control.
He also suggested that speaking with a broker can be helpful for those investing large sums.
Jones emphasized that there is no specific amount of money that is guaranteed to provide returns when starting to invest, and encouraged investors to trust their instincts and do their research.
As for the question of what to invest in, Jones advised following the news, especially business news, to gain insight into potential investments.
Regarding passive investing, Jones noted that it involves maximizing returns while minimizing buying and selling, often through a long-term "buy and hold" strategy.
He cautioned that quick returns are not guaranteed, but the simplicity of the approach can be beneficial.
Regarding return on investment, Jones explained that it is calculated by subtracting the initial investment cost from the final value and dividing it by the cost of the investment.
He emphasized that this calculation can help investors identify trends and make future investment decisions.
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