I try to avoid telling people to buy Bitcoin and instead ask them to learn about it. Why? If you buy BTC without understanding it, you will sell early and regret it. Bitcoin will destroy your emotional state if you're not ready for the volatility. I know people who sold at the bottom thinking it was going to $0 and now they're kicking themselves. I know people who went all in at the top because they thought it was going to $200,000. Don't make the mistake of going all in before you understand what you're buying. With that being said, I think it is smart to buy a little bit of bitcoin up front before you really start studying it. Owning some will get skin in the game and give you a reason to dive deeper.
Rajat Soni, CFAShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.