Bitcoin expert reveals 3 step7/26/2023 Just register here and get regular insights into the most important market events and my thoughts on them: However, my free newsletter makes it easy for you. The crypto market moves incredibly fast and it difficult not to miss any important news among all the noise. This is exactly why I recommend to secure your bitcoins or other cryptocurrencies via a hardwallet and control them yourself. If it gets hacked or goes bankrupt, your money is probably gone. These exchanges have a huge disadvantage: you don’t control your coins yourself, but you have to trust the platform. I keep my crypto portfolio rather simple with my 3 main coins Bitcoin, Ethereum, and DeFiChain, and even my crypto portfolio is only one part of a larger investment portfolio which also includes stocks, commodities, bonds, etc. With this I do not want to scare you at all, but only prepare you so that you do not get into FOMO. That would be with an original $500 investment, only $26 today! Some investors are partly today still more than 95% with their capital in the red. As fast as the rise has come, so has the crash of most altcoins. In some cases they made several 100x within a few weeks or even days. In 2021, there was an extreme altcoin boom. In the crypto industry we speak of FOMO – Fear of Missing Out. The market, but rather wait a bit before buying until the market goes down – itĪlways does at some point. Investment or even divide it into thirds and invest it in two or three tranches That’s exactly why I recommend to halve your However, will be somewhere in-between the two scenarios. If the 500 USD turns into 50.000 USD, you will be very happy. Why? In the unlikely event thatĮverything is gone, you might be angry, but it is not the end of the world. On your side, 500 USD makes sense, for example. Personally, I think thatġ-10% of one’s liquid capital is a good amount to invest. Individual must answer these questions for himself. Therefore, always be especially careful when people try to pressure you into an investment or promise seemingly low-risk high-returns.Īppropriate time is just as difficult as the amount of capital one should Unfortunately there are many people and companies, which offer rip-offs and scams around cryptocurrencies and want others to invest their hard earned money into get-rich-quick-schemes.
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