Surely you’ve heard of cryptocurrencies and you’ll know the popularity of bitcoins, one of the most widely used cryptocurrencies today. If you have some savings and a stable income, you may be considering investing in cryptos.
Before deciding to invest, it is advisable to learn about the different possibilities that exist for it, about the profitability they have and the factors that can make the investment work or fail.
In addition, one must be aware of the risks that the investment may involve. In eToro , the most well-known social investment network, you will find information on several very important aspects related to investments.
Be aware of the risks and take precautions before investing
First of all, before investing in bitcoins, you should analyze the risks you may have and be cautious. You should be aware that bitcoin is a virtual currency that has a certain risk , due to its versatility, so it is very difficult to predict the price it will have at a certain time.
Therefore, in no case is it advisable to borrow to acquire cryptocurrencies . If you want to invest, the safest thing is to do it with savings or with extra money that you have, and not with the ordinary income or with borrowed money, because in the investments sometimes you win and sometimes you lose, and it is possible that you cannot recover the money invested.
Use trusted pages
To invest not all pages are reliable and secure. Before investing in bitcoins, it is necessary to make sure that you are going to make the investment in a completely legal and trustworthy page.
There are thousands of pages that promise maximum profitability and total security in investments with cryptocurrencies , however, many of them only seek to take advantage of the ingenuity of other people.
They are anonymous pages, which usually offer various operations with virtual currencies, either with bitcoin or with other cryptocurrencies, and which usually do not last more than a few months, are closed and reopened using other names.
For this reason, to invest in bitcoin you must have a reliable platform and read all the information and the small print available.
Invest online or invest through a Broker
If you want to invest in bitcoins, you can do it yourself online or you can count on the help of a broker, who will advise you and inform you about market movements. In this case, neither of the two options is better, we simply have to consider our experience and our knowledge about the world of investments and ask ourselves if we need the help of an expert.
A broker acts as an intermediary to buy and sell financial securities. In this way, you can offer reliable information on where to put your money or not and where you will have better profitability, since your knowledge of the market helps you to make predictions about the ups and downs of the values. Having the advice of a broker is a good option, provided you are an expert, trustworthy and experienced person.
However, it is also possible to invest in bitcoins online and obtain profitability, if your intention is only to buy bitcoins, wait for changes in their values and sell them to earn money, without there being a high risk.
To make this type of transactions, there are many web pages, which act as intermediaries to buy and sell securities. However, you should not use any web page, as we have said, but rather it is advisable to inquire about its reputation.
Invest only what you are willing to lose
A rule in the world of investment is that you should never invest thinking only about profits. You always have to take risks, because otherwise you would be acting very naively. An investment is not a game, and in it there is a probability, higher or lower depending on the type of investment, of losing the money that has been invested.
Therefore, it is recommended to invest only what you are willing to lose, which is usually estimated at 1% of what you own.
Try to minimize the risks
As we have said, investing in bitcoins has its risks, so you can take a series of measures to try to be the minimum possible and do not affect us negatively.
An important aspect to minimize the risk is to keep a copy of the private key when it is invested in different portfolios, and not only in one, and also in different formats, on paper, online and on a hard drive.