Bitcoin Investment Guide for Novices

The Crypto market is a completely volatile market, it is not the first time the market collapse, there were many ups and downs in the last decade, the crypto market leader is now under tremendous pressure due to its PoW system, experts, and lovers both agree on the environmental aspects, the second most fearful factor is the government regulation, a lot of Bitcoin holders maintain the mentality of value investment and long-term holding, some of them refer Bitcoin is like the gold and some of them think Bitcoin contains the true anti-inflation properties.

Bitcoin maintained its reputation to being a speculative asset, on many occasions, people were seen that Bitcoin skyrocketed hundreds of times or thousands of times then collapse, those people who enter the market early had made a lot of money, but that is not true for late entries, the past experience shows that Bitcoin after reaching its peak suddenly fall, and most people were missing the best time to sell, or cannot sell at a high position, after such collapse, it was also seen by many users that most busy exchanges around the world unplugs the network cable due to high congestion.

Bitcoin’s skyrocketing rise and fall have destined it to be a high-risk asset, those people who are eager to invest in Bitcoin must remember that they are gambling with the government as well as environmental issues if they think that the government’s unable to control the Bitcoin and the decentralized nature of cryptocurrencies is the great test for government abilities then there are two other problems too, the first one is the total amount of Bitcoin is fixed and constant the price is easily manipulated and the second one is the lack of corresponding supervision no one knows who made a huge profit, no law, and policy to protect the investment.

In order to do a valuable investment in Bitcoin, you need to diversify the risk and resist inflation both gold and Bitcoin are the major tools, if you are looking for an accurate time to enter the crypto market then-current bear market is the favorite time, after grabbing the Bitcoin you need to hold it for a long time, then sit back and watch the soaring news until you reach the maximum price range to sell into the market, the second most important point if you participate in Bitcoin then use a small part of your total assets to buy Bitcoin such as in the range of 2% to 6% in case of a sudden market crash and if the value of Bitcoin become almost zero then you only afford the minimum loss.

In fact, in the last past six months, many mainstream financial institutions and industry investment leaders in the United States have also bought Bitcoin one after another, but they only regard this as part of asset allocation, and the actual investment is very small.

After the Bitcoin investment, you need to develop the knowledge base in Bitcoin but you also need to figure out which platforms and counterparties are reliable. Even how to use a Bitcoin wallet, you also need to understand how to sells your Bitcoin to the trading platform, gather the most reliable exchanges, do not select those exchanges that involved in money laundering, and receive black money from illicit peoples in the future they will be seized by the police and will be investigated.

Source: https://medium.com/cryptocurrencies-ups-and-down/bitcoin-investment-guide-for-novices-af734b63fc4a?source=rss——-8—————–cryptocurrency