April 13 2022
Investing in bitcoin (bitcoin) - 3 most secure strategies
The most famous and widespread cryptocurrency in the world is bitcoin. Investing in it, without understanding the essence of the exchanges and how the market works, is a rather thankless and dangerous occupation.
As Warren Buffett said, "Don't invest in something you don't understand."
In order to start investing and stay profitable, it is necessary to study at least the theoretical and practical part, first of all, to listen to practitioners and those who have already stepped on the "cryptocurrency rake".
Before you start investing, you need to take the following preparatory steps:
Step 1: It is theoretically possible to open a wallet in bitcoins in another cryptocurrency, but since the most common cryptocurrency on exchanges is bitcoin, it is better to open it in it. The wallet can be opened as a cold wallet on a computer or a hot wallet on a phone.
We recommend using the Bitcoin core wallet, it is the most secure in terms of security.
Step 2: Buy bitcoins, on the exchange, in cryptomats or on exchange sites
Step 3: Transfer the amount in bitcoins to the exchange - if there is a need to buy other cryptocurrencies or if you plan to play on the bitcoin rate on a crypto exchange.
In this article, we will try to highlight the safest methods of investing in bitcoin, which are suitable even for beginners, with minimal risk.
Investing in bitcoin: 3 safest strategies
· 1 “Lazy investment” strategy of investing in cryptocurrency – buy bitcoins and wait from 6 months to 1 year, given the constant growth of the exchange rate, the absence of inflation and volatility (rate volatility), this is the most optimal period for storing savings in bitcoin.
· 2 strategy "Penny investments" go to the site https://coinmarketcap.com/ select 10-15 coins from the list below the top 20, invest $20-30 in them and also wait from 6 months to 1 year.
Given the trends in the growth and capitalization of cryptocurrencies, at least you should stay on your own, and at best, one of the cryptocurrencies can show strong growth and you can make decent money.
· 3 strategy "Top 10" also on the site https://coinmarketcapcom/ choose the top 10 currencies in which the largest capitalization, and invest proportionally our savings in them