Stocks and Investing
Stocks and Investing
Fri, January 24, 2025
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Bitcoin is on fire. If you're new to crypto, read our tips before you invest
- Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)
The article from MSN Money discusses the recent surge in Bitcoin's value, highlighting its volatility and the potential for significant gains or losses. It provides tips for newcomers to cryptocurrency investing, emphasizing the importance of understanding the market's high risk and volatility. Key advice includes only investing money one can afford to lose, diversifying investments to mitigate risk, doing thorough research, and being cautious of the emotional rollercoaster that comes with crypto trading. The article also warns about the prevalence of scams in the crypto space, advising investors to be wary of too-good-to-be-true offers and to secure their investments with strong security measures like hardware wallets. Lastly, it suggests considering long-term holding strategies rather than trying to time the market, given Bitcoin's historical trend of increasing in value over time despite short-term fluctuations.
Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/bitcoin-is-on-fire-if-you-re-new-to-crypto-read-our-tips-before-you-invest/ar-AA1xMt2K ]
Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/bitcoin-is-on-fire-if-you-re-new-to-crypto-read-our-tips-before-you-invest/ar-AA1xMt2K ]
Contributing Sources
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