Basic Tips for Bitcoin Investing
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- STUDY BITCOIN. It all starts with Bitcoin. Know what Bitcoin is, why it is what it is and how it is going to change the future of currency. The best way to start is to take a week or two…maybe more, to study Bitcoin. As long as it takes you to read the original white paper and as many different news articles about bitcoin.
- Set an Investment Budget. Make sure you don’t just throw money into a cryptocurrency market without setting a budget. Things can be super volatile and move fast, so your best course of action is to use caution. Set a limit and stick to it.
- Study an investment course. I would download a course, free or paid, that explains exactly how to invest. Get as much knowledge as you can on how to buy cryptocurrency and how to store it properly. Make sure you understand the difference between your crypto being “on the exchange” or in a secure, offline wallet.