As the cryptocurrency craze moves into feverish adoptions from investors to thrill seekers, a significant portion of this demographic includes newbie investors without a significant financial backing.
Considering how high BTC value has reached, it might be tempting for new users to do a quick credit card swipe or blindly dump their current month salary into the business hoping to become overnight billionaires.
It is a lucrative business, yes. But only if you invest considerable time learning the ropes of how cryptocurrency trading and mining work.
For trading, I follow the $50 RULE..
I started out with the above amount which gave me the freedom to explore various altcoins, the way buying and selling patterns work without the risk of losing my entire savings.
As you continue growing more confident, you will be able to spot the profit churners and the right time to lean in and back out.
As your confidence increases, start increasing your investments in increments of $50 for a year and then you would have a great idea of whether you want to do this for the long haul or back out.
Wishing all you newbie investors the very best.
Get rich or mine dying.