Hello Bitcoin users! So i've decided to pull the trigger and set myself a coinbase account to start investing in Bitcoin and other cryptocurrency. I'm excited explore this new finance endeavor and by doing so I would like to get some initial knowledge. Everyone is welcome to chime in on this but what are you guys' opinion for someone like me starting out would be an ideal amount of investment.
I know for the most part majority will probably advise to start on what I'm comfortable with however I'm mainly looking for an ideal quantifiable range based on how much is Bitcoin is going for or other cryptocurreny for that matter. What's too little and what's too much for someone whose in the beginning stages of investing. Thank you.
Invest the amount that you can lose. Investment is really risky since if you are investing in Bitcoin, Bitcoin's value is really volatile, you should also have knowledge on investing in cryptocurrency. You should really find a way to have a time to monitor these changes, speculation may help but it is not really advisable, it is really better to build your skill on investing first. Take it slowly do not be excited too much, learn it slowly and make sure you digest everything you learn.
Whatever the initial investment you have theres nothing wrong in it. Yes investment is very risks and it best to put out your money on what you can afford only. Time management is very important in investing your money so you can observe the flow of the market.