These are good tips that newcomers to the Bitcoin and cryptocurrency scene should seriously ponder upon. Even if Bitcoin experienced amazing spikes in the last few months and is now considered to be the most lucrative investment vehicle of all time, there are still inherent risks involved. Well, no investment is risk-free and that is something we have to remember always. I want to talk about diversification.

Diversification here means that you can select some few altcoins (coins/tokens other than Bitcoin) which have proven to be also strong and have a good future ahead. Diversification is a two-edged sword...it can help us shield one investment go awry but it can also expose us to bad projects. As much as possible, until you know the game well, avoid new coins and tokens on the market as they can be carrying more risks but if you are sure that the project is really good and you are a risk-taken then go ahead and make your day, so to speak. Make sure that you are in the loop of the things happening in the market and be ready to get into the action if necessary. But if you don't have the time then it would do well if you just let your Bitcoin go to sleep.