If you just started paying attention to cryptocurrency and are wondering whether to invest, here are 10 things you absolutely need to know before buying anything.
By @MarcHochstein @Lawrence Lewitinn and @nikhileshDe
trib.al/FcRqQyo
By @MarcHochstein @Lawrence Lewitinn and @nikhileshDe
trib.al/FcRqQyo
2/ Before you invest a significant amount of money in any coin, spend hours upon hours researching the technology so you understand the value proposition and the risks. (“Someone else will buy it from you for a higher price” is not a value proposition.)
coindesk.com/buying-your-fi…
coindesk.com/buying-your-fi…
3/Beware of 'unit bias.' Just because a coin is trading around $1 does not mean it’s “cheaper” than BTC at $58K. Not all coins are created equal. Research thoroughly and ask lots of questions.
coindesk.com/buying-your-fi…
coindesk.com/buying-your-fi…
4/Resist 'fear of missing out.' Don’t succumb to peer pressure. This isn’t high school. Think for yourself and evaluate the case for an investment on the merits.
coindesk.com/buying-your-fi…
coindesk.com/buying-your-fi…
5/The markets will fluctuate from day to day, hour to hour, minute to minute, but any crypto worth a damn, any investment of any kind worth a damn, is a long-term bet.
coindesk.com/buying-your-fi…
coindesk.com/buying-your-fi…
6/The purpose of this post is not to scare anyone but to make sure they come in with eyes wide open. Even if you’re an old pro, you probably know someone who heard on TV or at the bar they can get rich quickly. Please share this post with him or her. 🙏🏻
coindesk.com/buying-your-fi…
coindesk.com/buying-your-fi…
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