How to Invest in Bitcoin for Beginners | My Easy Bitcoin Investing Strategy (Cryptocurrency PT. 2) 3 months ago

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How to Invest in Bitcoin for Beginners | My Easy Bitcoin Investing Strategy (Cryptocurrency PT. 2)

My Strategy to Get Into This Crazy (Bubble?) Market

3 Rules PRE Investing:

RULE NUMBER ONE: Do NOT invest money you DO NOT have! Hear stories about people scrambling to get into bitcoin. Loans on credit cards! Selling house. DON’T DO THAT. Watching a video by Financial Education — said 3% of Google searches are about “how to invest in bitcoin with a credit card” — SCARY STUFF!

RULE NUMBER TWO: Do NOT listen to people screaming “The Sky is Falling" chicken little.

RULE NUMBER THREE: Take the smart approach in middle. How I approach investing and it’s worked well with stocks. Not as much money as I could of made, but who knows - maybe lost lots of money because trying to be too aggressive!

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1. Watch the market for a week before you do anything.

2. Dollar cost average — MOST IMPORTANT THING. Ride the average of the market. I am doing $350 into every 3 cryptos every month. Could do $87.5/wk but they take $5/trade. Up to you how you want to do this!

3. Diversify w/ crypto. I own all three in equal amounts. (Bitcoin, Litecoin, Etherum)

4. “Vegas Money” - only what you are willing to lose. If I had to choose between selling stock or selling bitcoin, definitely 156% chance I’m selling my bitcoins. First to go.

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Note: Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional!

Go out there and crush this!