What is the best way to start investing in bitcoin?

13-05-2020, 12:42 PM

Coin835575 Wrote: I Would not recommend diving straight into bitcoin. look at some more volatile smaller crypto currencies and invest in those as you are more likely to make a profit from those. They also have smaller miner fees and transaction fees. eventually then when you have made enough from the smaller currencies trade it into bitcoin and use it to store larger sums of money. just buy low sell high.

This really depends on what kind of investor you are trying to be. Investing into any crypto at all is risky in my opinion, but to recommend trading even more volatile coins for someone asking for investing (and not day-trading) advice seems ignorant imo. OP if you'd like to invest long term and bet on crypto pay attention to the top of the markets and keep up on news with your investments. Also, it'd probably be a good idea to learn how the blockchain works and why it exists.