It seems like trading competently in crypto requires some degree of proficiency across multiple fields and practice areas: engineering, software development, data analysis, statistical modeling, cash flow assessment, insight into the psychology behind user behavior, an advanced understanding of economics, etc.
I think I want to dispute this. (Or at least point out that it doesn’t seem obviously true.) It’s reasonably easy to buy cryptocurrency (not trivial, but something you can figure out in a day). The hard part is knowing which currencies to buy (or whether to buy them at all, but you’re starting from the premise that investing is a good idea). But you can just rely on advice for that. Unless skillful investing implies rapidly reacting to current trends, in which case you can’t rely on advice and I take back everything I said.
For example, you can create an account at Bitstamp, they will require some KYC paperwork first, then you can wire money to your account and buy/sell cryptos at any moment.
I think I want to dispute this. (Or at least point out that it doesn’t seem obviously true.) It’s reasonably easy to buy cryptocurrency (not trivial, but something you can figure out in a day). The hard part is knowing which currencies to buy (or whether to buy them at all, but you’re starting from the premise that investing is a good idea). But you can just rely on advice for that. Unless skillful investing implies rapidly reacting to current trends, in which case you can’t rely on advice and I take back everything I said.
For example, you can create an account at Bitstamp, they will require some KYC paperwork first, then you can wire money to your account and buy/sell cryptos at any moment.