Buying and holding Bitcoin.

Discussion • 2021/01/12 • by

Buying Bitcoin and holding onto it in hopes it will appreciate in value, is the most common form of “investing”. As with all investing, you should never invest more than you are willing/able to lose. This is especially true with Bitcoin, since it’s still a very risky investment.

The most important thing to keep in mind when buying Bitcoin is to make sure to buy only from exchanges that have proven their reputation.

Another key tip is to make sure you don’t buy all of your Bitcoins in one trade. Instead use a dollar cost averaging method—buy a fixed amount every month, week or even day throughout the year. This ensures that you buy the most Bitcoin when it’s on the rise, and less when it’s going down in price.