Bitcoin is the hot topic of 2022 and it’s not going away anytime soon. With the value of Bitcoin skyrocketing, many people are wondering if they should invest in this cryptocurrency as well. The short answer is yes, you should absolutely consider investing in Bitcoin.
Bitcoin is the most popular cryptocurrency and it’s now gaining more popularity as an investment.
But, how much should you invest? How do you make sure you don’t get scammed? In this article, I’m going to answer those questions for you by explaining the basics of Bitcoin and helping you determine what your goals are.
Bitcoin is here to stay
Bitcoin has been on the rise for the past few years, and it seems like it’s here to stay. Many people have taken notice of Bitcoin’s benefits, but haven’t known where to start. If you’re one of those people who are asking themselves how much Bitcoin should I invest? then you’ve come to the right place! We’ll be discussing all that you need to know about investing in bitcoin as a beginner.
When it comes to investing, the most common advice is “Don’t put all your eggs in one basket.” That’s good advice, but you can take this a step further and apply diversification to every aspect of your portfolio.
So.. How much should you invest?
Just like any other investment, it is very difficult to predict the future of bitcoin.
However, we can look at its historical price performance and see if there are any interesting patterns that could help us to better understand whether now is a good time to buy or not.
If you are a newbie investor and not really sure about the bitcoin market, we would suggest you to start with $100 investment.
The main reason behind this is that, it will always be easy for you to double your money from $100, as compared to investing huge amount of money all at once.
#We recommend buying bitcoin and ethereum in cash (USD) at Coinbase.com or CEX.io (formerly Coinmama). Both sites offer user friendly interface and high security.
#We recommend storing your bitcoin and ethereum in hardware wallet like Ledger Nano S or Trezor . Both are good options for storing your cryptocurrency.
#If you want to buy altcoins, We would suggest you to start with Binance. It is the best altcoin exchange with user friendly interface and high security.
#Once you have purchased bitcoin and ethereum, transfer them to your wallet (Blockchain.info is the most popular free online bitcoin wallet).
#If you are planning to buy other altcoins, we would suggest you to transfer your bitcoin and ethereum to an exchange like Poloniex.com or Bittrex.com
Once you have purchased other altcoins, transfer them to your wallet.
#As we mentioned earlier, there are hundreds of cryptocurrencies available in the market. So, you can choose any altcoin based on your interest and follow the above process of storing and investing from your wallet.
For example, if you want to invest in Ripple (XRP) or a meme coin like Doge or Shiba, you can buy it from Binance.
Always remember that, cryptocurrency is volatile in nature and it’s not a get rich quick scheme. So, don’t invest more than you can afford to lose.