Effective Bitcoin Investment Strategies

Creating an Effective Bitcoin Investment Strategy

Are you thinking about hopping on the Bitcoin freight train? With cryptocurrencies getting more and more popular each day, it’s shouldn’t come as a surprise why so many people want to test the waters and see what the hype is all about. The thing is, Bitcoin isn’t all hype. It has come so far over the years, and now many digital coins are being accepted as a form of payment in thousands of establishments across the globe. Still, you should learn how to create a solid Bitcoin investment strategy to increase your chances of success.

Why is Bitcoin Popular Among New Investors?

This year, Bitcoin and cryptocurrency, in general, have skyrocketed in popularity. It’s amazing to think that back in January, Bitcoin is valued at $800. But right now, a single bitcoin is equivalent to a whopping $17,000 and the year isn’t even over! This means if you invested in Bitcoin in January, you have grown your money by 20 times. This level of growth is virtually unheard of in the realm of traditional investing. In digital currencies, however, it’s truly possible to double your money overnight.

As you can see, the rewards are high in investing in cryptocurrency. But this also means that the risks are equally as high. While it’s possible to double your money almost in an instant, you could also lose it just as quickly. Such is the volatile nature of the cryptocurrency market. It’s not uncommon to see a particular coin rise in value by over 200% and then plummet back down all of a sudden. If you miss the ride up, you’ll surely get hurt in the fall.

bitcoin investment plan

How to Minimize Risks?

The most important thing to keep in mind is that once you put your money in digital coins, you should accept the risks that come with it. The risks are considerably higher compared to investing in stocks, but the rewards are also higher. As a general rule, it’s recommended to invest in digital coins that have real-world applications. In most cases, these are the coins that rank in the top 10 to 15 in market cap. Bitcoin, for instance, ranks number one, and it has proven to be useful in the real world.

You can think of Bitcoin as digital gold. It is an excellent choice for a long-term store of value, but it’s not what you’d use for day to day transactions. For this reason, a huge chunk of your money should go into a Bitcoin investment strategy and a smaller portion of the other coins you want to invest in.

If you choose, you can try day trading. Since it’s common for many coins to rise in value by 10% or more, it’s easy to see how much money you could make daily. But again, the risks are always there. Never trade more than you could afford to lose. It’s a safer choice to hold on to your coins for the long term and wait until their value increases.

Stylish iPhone X Covers For Gifts

Browse Unique And Stylish iPhone X Covers And See What Jumps Out At You

The iPhone X is finally here! Its release is still red hot news, and of course, it is the most expensive Apple iPhone yet. Do you have yours yet? They said this one costs a cool ‘g,’ and it is supposed to be quite the phone as you can imagine. Don’t forget to get the accessories you need. You want to be able to take good care of your phone and get the most use out of it as well. Have you checked out all of the iPhone X covers?

These phones were just released the other day, and you can bet there are all kinds of covers out there. Have you had the chance to check them out yet? If you think you would rather wait until more of the cases and accessories hit the market, you truly haven’t searched what’s out there yet. They were ready for this, and you can find cases and accessories on all kinds of site out there.

One result mentions military grade cases. Hey, if that phone costs a grand, and you want it to last, a military grade case sounds like a plan, don’t you think? Of course, you aren’t just thinking about durability https://www.zizowireless.com/collections/iphone-x-cases. You want functionality, and you want to be stylish. You are certainly going to be styling with that new iPhone X. Do you already have it in your possession?

If you don’t have that iPhone X just yet, get the phone, case and everything you need all at once. Perhaps you want to buy more than one case so that you can sport a different phone on different occasions. Get that Friday night case, and then maybe you want that it’s Monday morning and I have to go to work case. Maybe you want a case for each day of the week.

How much do the iPhone X cases cost anyway? Make sure that you budget in at least enough money to get one case because that phone has to be protected from the very beginning. Many people just think about the cost of the phone at first, but you want that phone protected and looking stylish for sure.

Zizo iPhone X Cover

Plenty of people have these phones and are getting them, and guess what that means. You don’t want the same covers or cases that everyone else has, do you? Of course not, and that means you really should take a good look around. You are surely going to find some unique Apple iPhone X covers, and you just want to buy what fits your style.

You also need to think about screen protectors if you need those, too. Look at what’s all available, and perhaps pick up a new set of earbuds as well. Get everything you need so that you get the most out of your new Apple iPhone X. You might end up getting compliments on your case if you get one that not everyone else out there has bought. Of course, you don’t need the compliments. You just want a stylish looking iPhone X, and I bet you can’t wait.

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