April 13 2022
Is it possible to make money by investing in bitcoin in 2022
The short answer is YES you can make money, but you need to follow a number of rules:
- Invest in cryptocurrency only the amount that you do not mind losing
- Do not check the course every 15 minutes, so you can bring yourself to nervous exhaustion
- Do not panic ahead of time and do not withdraw cryptocurrencies from exchanges in case of a large rollback of the rate, as the practice of ALL previous rollbacks shows - this is temporary, then the rate takes off, even higher than it was before the fall
- You need to understand that bitcoin is primarily a long-term investment, and not a means of playing on the stock exchange or a means of instant earnings.
- The optimal percentage of the investment portfolio for bitcoin, 5% -10% of your assets
- Listen less to "home-grown" experts who talk nonsense, trust only yourself and recognized experts, if in doubt, sign up for an expert cryptocurrency consultation. It is important to understand that such technology as bitcoin did not exist before and it is not appropriate to refer to some facts of the past in order to analyze what will happen to bitcoin in the future, for example, to give an alternative to the fall of the dollar in 2009
- Do not store all bitcoins on one exchange or wallet, distribute them to different exchanges and different electronic wallets
- Treat yourself once a month, withdraw up to 5% of the earned income into regular money
- Make backup copies of your bitcoin wallets, the more the better
- Find a cryptocurrency consultant and call him at the slightest doubt $50-$70 per month for one-time consultations, will allow you to sleep more peacefully.
- Do not engage in bitcoin mining in 2022, now this is already the prerogative of large mining pools and corporations, if you still want to pay attention to
Bitcoin in 2022 will continue to evolve - both as a protocol and as a currency will continue to grow. The technology itself is not easy enough to understand, but you don't have to understand how the engine works in a car to drive it. Moreover, now on such exchanges as: Kraken, Exmo, Poloniex, Bitfinex, registration is as simple as possible, as well as the possibility of depositing and withdrawing funds.