Top 5 Tips For New Bitcoin Investors.

[hasyu]

While Bitcoin investing can be usefull for those which are new in cryptocurrency and Blockchain, there are several tips that newcomers in bitcoin and Altcoins can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals in cryptocurrency.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility

 

[CryptoTC]

Good points all around.

On #3, please consider that diversify doesn’t mean buy several cryptos. You should diversify into other investments such as stocks, bonds, real estate, gold, and/or short term instruments like CDs.

Crypto is such a risky and volatile investment that you can lose most or even all your money if it’s the only investment you make. Conservative investors should have 1-4% of net assets in crypto. Aggressive younger investors should still keep crypto under 15-20% max.

No matter how you feel about those “evil” corporations, they and their stock will still be around 50 years from now. Historically the stock market has provided the best returns after inflation of any investment asset class over any 5-10 yr period in history. You shouldn’t ignore that completely.