10 February, 2021 

Important things to Know Before Investing in Bitcoin

Do you think it's too late to invest in Bitcoin? If your answer is yes, you are wrong! The first cryptocurrency in the world has already shown its potential for growth multiple times despite its occasional downsides. Throughout its short history it always bounces back even after the significant downfalls. It may happen within different timelapses not always possible to predict.
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Important things to Know Before Investing in Bitcoin

This is why investing in Bitcoin, like in any asset exposed to high volatility, requires a special approach. It's not about buying Bitcoin – this is the simplest thing you can do. Panic and FOMO are your worst enemies, especially when the market is unstable. It's very important not to let them take over and push you to a wrong decision.

If you decided to invest in Bitcoin, there are several important things you should know before spending your money on it. You may still need to follow the news and read the experts' predictions at least once in a while. However, the crypto market is a dynamic place and there can't be any prediction that would be 100% accurate.

You can buy less than 1 BTC if you don't have enough assets

It's not necessary to be able to afford purchasing 1 BTC if you can't afford it. You can start investing with less. The smallest unit of Bitcoin is 1 satoshi that is equal to about 0.0004 USD. The best strategy when you're on budget will be to spend $10 a day on this. Yes, it's not a lot but it will save up over time. If you will be focused and persistent, one day you will reach 1 BTC and even more. You can even invest in Bitcoin without actually buying it, by buying Bitcoin futures but this option requires a solid amount of money.

Beginners should rather consider holding than trading

You can buy Bitcoin to store your assets and earn profit on its growth by simply holding it. You can also buy it to make money on speculative trading. If you are a beginner in crypto investments, it will be better to choose the first option. Trading can be very profitable but to achieve this you need to be committed and to spend time on it. You need to do research, watch the bloggers, be an active member of a trading community and practice a lot. Without practice you won't become a successful trader, and you can't walk this path without losses. If you aren't ready for this, stick to a safer option of holding.

No panic when the price jumps up and down

Bitcoin isn't the type of asset you just buy and forget about it. It can go up and down to extremes. You can fix your profit by selling a part of Bitcoins that you have but don't let the emotions take over and resist the desire to sell everything when it falls. It will fall occasionally because the rapid growth of the asset leads to the inevitable correction. However, it will grow back, and even higher, and you may regret your emotional, FOMO-fuelled decision.

Buy crypto only on the safe exchanges with the good reputation

Where can you buy Bitcoin? You can buy it on the crypto exchange using your bank card or use a Bitcoin ATM. If you choose the exchange, choose one wisely. It must provide a safe quality service and have a good reputation in the crypto community. No one wants to lose their money due to a scam or be hacked. BTC-Alpha is one of the most reliable exchanges in the crypto space. It's in the Top 15 safest exchanges on the Internet. Its users need to verify their accounts to prevent financial crimes. It also provides a 24/7 customer support service where you can receive a solution to any problem or the answer to any question that may occur.

As you can see, investing in Bitcoin isn't rocket science. You don't need to be an expert in digital finance. However, we highly recommend you to do your own research about them. The more knowledge you get, the better you understand the crypto market and choose the best option to put your assets in.


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