While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers 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.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility
Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80
Number one and number five is should be the most emphasized.By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility
Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80
Not doing a research in your coins might lead you astray and lost. You will be like an alien in a foreign country where nobody knows you
The fifth one is that cryptocurrencies are highly volatile and better prepare yourself for high jump or dip