Posted By: Admin

On: August 13th 2017

Category: Entrepreneurship, Bitcoin, Finance

Facebook       Google       LinkedIn       Pinterest       Twitter

THE DANGERS OF BITCOINS

This market is relatively new and anyone with the interest to enter should be very cautious. When you decide to enter the bitcoin market always verify the sources with which you make purchases.

Follow news blogs on twitter and social media to stay up to date. Do not follow only one news source as their information may be biased or they might not cover all the needed information, so you don’t get caught off guard with new regulations in your region or country.

I advise not to trade your cryptocurrency on the crypto exchange market if you do not have enough money to do this or if you are not experienced or ready to lose what you have allocated for the trade.

I do not advise you to gamble on crypto currency websites to win cryptocurrencies as a lot of these websites are scams. If you decide to do so make sure you conduct a research to confirm that they issue payouts after thier fees has been paid.

I do not advice you not to participate in pay per click websites which provide incentives for you to click on adds daily because finally you will be asked to make a payment to redeem the amount you have saved on your account with the said crypto currency.

You are better of buying and storing your cryptocurrency as a long-term investment. Some experts have predicted that bitcoin might hit $20 000.00 by 2020 so it’s not too late to join.

ALSO READ:

WHERE AND HOW DO I GET BITCOINS

WHERE AND HOW DO I SAVE MY BITCOINS AND CRYPTO CURRENCIES

WHAT DO I NEED TO KNOW TO START INVESTING IN BITCOINS AND CRYPTOCURRENCY

12 THINGS YOU SHOULD KNOW ABOUT BITCOINS

THE DANGERS OF BITCOIN

HOW DO I INVEST IN BITCOINS