Four Strategies For Bitcoin And Cryptocurrency Investors
Investing in highly volatile bitcoins and other cryptocurrencies is risky business. These currencies are all electronic or virtual in nature, and thus have no physical presence. They don’t even have intrinsic value. However, no one can deny that right now these cryptocurrencies are extremely valuable and those who invested in the early days, and held on to their investments, are living the high life now as multi-millionaires, and even billionaires! If you want to be like these wise investors sometime in the future, then follow these four investing strategies to increase your chances for success. 1 – Prepare For Volatility It’s basically a given for cryptocurrencies that they are going to be extremely volatile. One minute the price is sitting at five digits, and the next it’s at four or even three digits! It’s absolutely unpredictable, and if you don’t take its volatility seriously, you could get in a lot of trouble. You could panic and sell off your crypto so you can minimize your loss...