Investing in digital currency can be a daunting premise: price volatility, buying/selling at the right time, or even what to buy in the first place are all valid concerns—however using an exchange isn’t the only way to participate.
One of the more exciting announcements Coinbase has made recently is the launch of Commerce, a service that enables merchants to accept multiple digital currencies directly into a user-controlled wallet. Unlike other hosted solutions, this is the first example of a truly easy-to-use product I’ve come across that puts merchants in complete control of their funds.
Here’s a quick guide on how to get…
Spoiler alert: similar to other markets, there’s no crystal ball that can predict the “perfect” time to buy — but dollar-cost averaging can make market volatility work in your favor.
Please keep in mind that our discussion here is introductory and merely educational. Coinbase doesn’t provide investment advice, and this article shouldn’t viewed as investment advice. Always make your own independent assessment of whether any particular investment or investment strategy is right for you, your risk tolerance, and financial means, before entering into a transaction. When in doubt, consult with a licensed financial advisor.
Cryptocurrencies like bitcoin have experienced price volatility in the past with values swinging double-digit percentage points in a single day — and sometimes even in a single hour. Whenever the price starts to move, there’s no shortage of FOMO around whether it’s the right time to buy or not. As with any kind of investment, this can cause a lot of anxiety, uncertainty, or fear to participate at all. …