Bitcoin is one of the most lucrative investments, despite the pressures at the beginning of the Covid-19 pandemic, Bitcoin price continues increase achieving new All Time High at the end of year 2020, even rocketing more than 300%.
Bitcoin price had broken through the price of 48K on February 9 and this price is the highest point of Bitcoin in history at the time of its first launch , after Tesla's buys Bitcoin $1.5 billion worth Bitcoin and planning to adopting a payment system in the form of Bitcoin.
This makes a lot of investors interested investing in Bitcoin, not only among the milleneal but a lot of large companies that have started investing in Bitcoin such as Microstrategy, J.P Morgan, Square, PayPal, Tesla and others, even rumors that Apple will soon follow the investment in this crypto.
However, as an investment instrument of course Bitcoin also has a high risk. For those who want to start investing in Bitcoin, So, this time i have some tips for you before you deciding to investing Bitcoin.
- Do some research on Bitcoin, how it works, to the advantages or risks that exist in those assets. Bitcoin and cryptocurrencies provide brilliant investment opportunities but are also risky, so you must Do With Your Own Research before deciding to make an investment.
- Invest money that is ready to be eliminated and not used for daily needs because Bitcoin has volatile prices and risks big enough that using money ready to disappear will help control emotions when experiencing losses.
- Learn how to get Bitcoin, from how to sell and buy Bitcoin, and choose the easiest and safest platform to start buying Bitcoin, i recommend the most secure platform that i know is Binance.
- Start investing slowly with a small amount and see how it will proceed before increasing the investment.
- Diversify investments effectively. In addition to Bitcoin, there are other components in the crypto space that can be invested, such as Ethereum, Bitcoin Cash, LEO, WLEO, HIVE and others. By diversifying, when one asset loses there are still other assets that survive.
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