If you are a new bitcoin (BTC) investor, there are some major things you should know and have to do before you get started.
- Do your research
- Don’t force yourself into it
- Invest in other cryptocurrencies
- Keep your assets secure
- Prepare for volatility
If one is investing in altcoins, they are technically not Bitcoin investors, but cryptocurrency investors.- Do your research
- Don’t force yourself into it
- Invest in other cryptocurrencies
- Keep your assets secure
- Prepare for volatility
I do not think that should be a tip for new investors as there is no necessity to invest in other cryptocurrencies. If one finds a coin which they consider to be worth investing in after going through the fundamentals, they can take the risk, but new investors interested in Bitcoin should be under no pressure to diversify their holdings.
In my opinion, the best form of diversification is having a real life business or source of income which would prevent you from dipping into your Bitcoin stash for regular needs.
