Posted By: Admin

On: September 4th 2017

Category: Entrepreneurship, Bitcoin, Finance

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WHAT DO I NEED TO KNOW START INVESTING IN BITCOINS?

For first time bitcoin enthusiasts, here are the three major things you should know before thinking of buying bitcoins. This article is for those that have never purchased or owned bitcoins or cryptocurrency but want to start and don’t know how or are not sure what to do.

1. You should know what bitcoins are.

See: WHAT IS BITCOIN AND BLOCKCHAIN TECHNOLOGY

2. You will need to know how to save your bitcoins.

See: WHERE AND HOW DO I SAVE MY BITCOINS AND CRYPTO CURRENCIES

3. You need to know where to buy your bitcoins.

See: WHERE AND HOW DO I GET BITCOINS

You should know the regulation of bitcoins and cryptocurrency in regards to your region.

That’s all the basics you need to know before trying to invest in bitcoins and cryptocurrency.

You should know that bitcoins and cryptocurrency investments are high risk investments. The profits margins (cryptocurrency value) rises and drops at a very rapid and large rate ($0.50 to $700.00 or even more). You can see that the price changes rapidly hence holding bitcoins for a long period is better than selling immediately after a dip or rise.

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