12, Nov
Before Investing in Bitcoin
Before investing in any cryptocurrency, it is essential to research and understand the technology, the market trends, and the risks involved. Familiarize yourself with the different cryptocurrencies available, their features, and their potential for growth.
To buy bitcoin, people usually go to so called centralized exchanges, like Binance, Coinbase or Kraken. You create an account like you would with a broker, make a money deposit using your banking card and buy the bitcoin on the exchange.
Bitcoin is a type of digital or virtual money that exists only on the internet. It's not controlled by any government or bank, and people can send and receive it directly to each other without needing a middleman, like a bank. This makes transactions faster and often cheaper.
What do I need to know before going into crypto trading?
Start out Small...
Choose a Secure Wallet...
Research the Market...
Decide on a Trading Strategy...
Be Strict With Profit Targets and Stop-Loss Orders...
Use Leverage With Extreme Caution...
Diversify With Different Cryptocurrencies...
Buy and Hold Bitcoin, it's up to you to take it today or stake till you earn higher income
What is the basic knowledge of cryptocurrency?
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.
 Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
For beginners, a basic rule to follow is to invest between 5% and 30% of your total available investment money in Bitcoin. If you don't like risk, staying closer to 5% might be safer. This lets you gain experience with Bitcoin without a lot of risk.
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