Three Things You Need to Know Before Buying Crypto
Understanding the risks, charts and wallets
If you thought cryptocurrency was just a trend, then boy were you wrong. It’s mid 2019 and no matter if it’s Bitcoin or Ethereum… buying, selling and HODLing crypto is still a hot topic all over the world.
But, if you’re only just jumping on the crypto bandwagon now and keen to get started, it’s best you knuckle down and do your research first.
Here are 3 blogs you need to read before buying bitcoin.
Understanding the Risks:
On par with gambling or lending money, no investor should part ways with money they are not prepared to lose, no matter what the amount is. Cryptocurrencies are particularly prone to social engineering and misinformation risks. From crypto heists to human forgetfulness, there are so many risks to consider when investing in crypto.
Here are 10 examples of key risks that imperil cryptocurrencies to be mindful of.
Reading the Charts:
In the crypto world, people say, “recognising patterns can yield more than insights”. But, understanding and interpreting crypto charts is easier said than done.
If you’re a keen trader and ready to start learning the market patterns, you better start doing your homework.
The blog below explains common patterns you’ll see on the charts.
Crypto Wallets:
Whether you’re trading or HODLing, you’ll always need somewhere to store your crypto. To do this effectively, it’s best that you learn the types of crypto wallets available, how to use them, and how to identify how secure they are.
Check out the blog for a beginner’s guide to crypto wallets.
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