Hi
My goal is to keep investing to get out debt and purchase a house. I just found out about bitcoin on December 26 2017. Only have few hundred to invest each month. I'm so excited about bitcoin and the whole community. I could finally see my dream!
Hey there! Glad to hear that you’re excited to start investing. I would just give you a word of advice that often goes unheaded: don’t invest money you don’t have. Bitcoin (and crypto currency in general) is quite a volatile market. There’s just no telling what tomorrow brings—and that’s both a good thing and a bad thing, depending where you’re standing.
If you want to pay off your debt, make sure you’re making progress outside of Bitcoin investments. This market is filled with dangers (FUD, FOMO). I can’t stress it enough—the market is not stable.
My advice if you’re set on putting money in (that I hope is coming from somewhere safe; don’t skip meals to invest in crypto!) is to do research. Don’t just throw your money into Bitcoin—look up other cryptos like Litecoin, Ethereum, Burst, RaiBlocks, Tronix... I could go on for ages. Cryptocurrency is not just an asset—it’s a collection of projects working to use the block chain to make tomorrow better. Find a project you like and invest. The advantage of cheaper coins is you can own more of them, too. So if they moon then you have more money. And stay invested. If prices go down, don’t panic. In the short-long term (1-year at least) I can only see the market going up.
Hey there! Glad to hear that you’re excited to start investing. I would just give you a word of advice that often goes unheaded: don’t invest money you don’t have. Bitcoin (and crypto currency in general) is quite a volatile market. There’s just no telling what tomorrow brings—and that’s both a good thing and a bad thing, depending where you’re standing.
If you want to pay off your debt, make sure you’re making progress outside of Bitcoin investments. This market is filled with dangers (FUD, FOMO). I can’t stress it enough—the market is not stable.
My advice if you’re set on putting money in (that I hope is coming from somewhere safe; don’t skip meals to invest in crypto!) is to do research. Don’t just throw your money into Bitcoin—look up other cryptos like Litecoin, Ethereum, Burst, RaiBlocks, Tronix... I could go on for ages. Cryptocurrency is not just an asset—it’s a collection of projects working to use the block chain to make tomorrow better. Find a project you like and invest. The advantage of cheaper coins is you can own more of them, too. So if they moon then you have more money. And stay invested. If prices go down, don’t panic. In the short-long term (1-year at least) I can only see the market going up.