Bitcoin price at the latest – Bitcoin and Ethereum are falling as $ 1 trillion will be wiped off the value of cryptocurrencies in two weeks
THREE STEPS TO INVESTING IN CRYPTOCURRENCIES
Crypto expert Adam Morris, co-founder of Crypto Head, offered the three steps potential crypto investors should consider before parting with their money:
1. Work out your goals – Do you invest to generate absurd returns? Then altcoins might be the way to go in the short term. However, if you are looking for safer investments and long-term wealth growth, it is smarter to invest in cryptocurrencies that have been around for a long time and that have shown that they can withstand the test of time. It all depends on you and the risk you want to take.
2. Find out how much time you have – Do you have enough time to keep up with all the trends in altcoins? If this is not the case and you are new to investing / technology in general, it is much safer to invest in more popular long-term cryptocurrencies.
3rd Act safely – Make sure you are using an exchange that you trust and that do not incur insane fees. Also, make sure to store your cryptocurrencies in an offline wallet such as a hardware wallet. “Not your keys, not your crypto” – if you don’t keep your cryptocurrency in your own wallet, you are at risk. “