Investing in Bitcoin is really risky and If you want to invest in it you should know the risks so here are 4 things you should think about before you invest:
Never invest more than you are able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
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After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange. My personal recommendation is to use a hardware wallet which is a bitcoin wallet that uses a physical piece of hardware in order to operate and keep it more secure. Examples of hardware wallets are TREZOR, LedgerWallet and Keepkey. A hardware wallet is usually more secure since it's considered to be a form of cold storage. If you can’t afford a hardware wallet, try a paper wallet which is a type of physical Bitcoin wallet. Instead of keeping the private keys on a piece of hardware, it is written down on a piece of paper.
Make sure to buy Bitcoins only from exchanges that have proven their reputation.
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Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a fixed amount every month, week or even day throughout the year. This way you average the price over the course of a whole year.
It is really risky but the great risk hides great success.
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