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That's why we had few bull/bear cycles, corresponding to BTC's halving. Honestly, no. People in this sub tell you to buy Bitcoin solely because it’s the most popular/largest market cap/first crypto. But Bitcoin has some serious flaws in comparison to a lot of the newer cryptos like ETH, ALGO, ADA.
I like to use Blockfi. I earn interest on my Bitcoin. 4.5% APY compounded monthly. This is called holding on an exchange, it may not be for you. An exchange holds your bitcoin kind of like a bank. Many agree that "not your keys, not your coin" Putting bitcoin onto a cold storage wallet is an option.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
Over the past 3 years, I have invested about $125k to accumulate 2.65 BTC. Currently, I stopped buying BTC because it reached my target allocation of 5% of total portfolio. Reply reply. tuanimall. •. average price is 47170, a little bit high I think, if you have followed it for 3 yrs. Reply reply. Ok_Art_2874.
With Bitcoin, you can be your own bank. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.
You hear of the 1 person that made a fortune overnight from $1000, but you haven't heard of the thousands had $1000 turn into $0.1. Step 2: Start small and easy. Passive investing in the 'blue chip' coins like BTC and ETH are good to go. This is also called DCA (dollar-cost averaging) and because of the volatility of crypto, you either average ...
They CAN confiscate your bank & checking accounts, along with your IRA/401K accounts. Eventually, we WILL reach a point where no sane person will exchange a Bitcoin (or a gold coin) for any amount of fiat currency. There WILL never be more than 21 million Bitcoins created, no matter what.
Coinsph is beginner friendly but their spread is a little big. You may want to transfer your money to binance after you're more familiar with crypto. Only invest money you can afford to loose. You can start trading when you're more familiar na. Best strategy is to buy crypto and let it sit for a few years.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
It's not too late. 1 Million might be a bit unrealistic, but at very least it's likely to reach it's ATH level of 20K, and nothing is wrong with a 40% ROI. Well it's definetely not too late to get in crypto. It's actually very soon. So I guess it's most likely not too late to invest in Bitcoin, the most famous one.