HOW TO PROPERLY INVEST IN CRYPTO?

Investing
HOW TO PROPERLY INVEST IN CRYPTO?

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What is the right way to invest in Crypto? #BinanceBlockchainWeek
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To invest in the crypto market: https://accounts.binance.com/en/register?ref=RVLHLL6O

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BITCOIN ESSENTIALS:

To invest in Bitcoin: https://accounts.binance.com/en/register?ref=RVLHLL6O

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TRADING ESSENTIALS:

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INVEST IN FOREX

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #Bitcoin #Crypto101
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5 steps for investing in cryptocurrency
First things first, if you’re looking to invest in crypto, you need to have all your finances in order. That means having an emergency fund in place, a manageable level of debt and ideally a diversified portfolio of investments. Your crypto investments can become one more part of your portfolio, one that helps raise your total returns, hopefully.

Pay attention to these five other things as you’re starting to invest in cryptocurrencies.

1. Understand what you’re investing in
As you would for any investment, understand exactly what you’re investing in. If you’re buying stocks, it’s important to read the prospectus and analyze the companies thoroughly. Plan to do the same with any cryptocurrencies, since there are literally thousands of them, they all function differently and new ones are being created every day. You need to understand the investment case for each trade.

In the case of many cryptocurrencies, they’re backed by nothing at all, neither hard assets nor cash flow. That’s the case for Bitcoin, for example, where investors rely exclusively on someone paying more for the asset than they paid for it. In other words, unlike stock, where a company can grow its profits and drive returns for you that way, many crypto assets must

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