โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Here is the beginners guide to investing in cryptocurrency, and how to build wealth using strategies that have proven the test of time – Enjoy! Add me on Instagram: GPStephan
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1. WITH RISK COMES REWARD
The reality is, unless youโre betting on the 1-in-50 chance that you see a home runโฆthereโs a TREMENDOUS amount of risk involved, and more than likely – youโll end up losing money. Itโs important to mention this because, for every story you hear about someone making millions of dollarsโฆthere are likely hundreds of others who lose, sell too early or too late, and otherwise donโt get anywhere close to this level of return.
2. THE MOST STABLE RETURNS HAVE COME FROM BITCOIN AND ETHEREUM
BLOG:
They analyzed the returns throughout over 317 different exchanges since 2013, and found that only 40% of cryptocurrency has gained value since being listed. Of those, only 2% actually earn enough to push your return higher than that of the stock market, long termโฆ.and, 98% of the timeโฆyou wouldโve been better off being a boring investor and just dollar cost averaging into boomer stocks, instead.
3. BUY AND HOLD
Despite the CONSISTENT volatilityโฆand, the SEVERE crashes pretty every single yearโฆhistorically, both Bitcoin and Ethereum have always recoveredโฆand the market moves forward. So, if you believe in a project – and you have the means to stay patientโฆGENERALLY, the buy and hold approach will give you the best returns over timeโฆ.even if, in the short termโฆ.you lose a lot.
4. ONLY INVEST WHAT YOU’RE WILLING TO LOSE
Given the uncertainty, volatility, regulation, and manipulation of a LARGE portion of the marketโฆyou shouldnโt be investing an amount where, if you lost it allโฆyouโd be ruined. The truth is, in order to think LOGICALLY, and make LEVEL-HEADED, RATIONAL decisions – you CANNOT let your emotions get the best of you, or cause you to trade as though youโre looking to cure the national debt.
5. DON’T BLINDLY INVEST
Donโt just listen to one person, or one source. Do your own research by hearing both THE GOOD, THE BAD, and everything in between. Places like YouTube, Twitter, and Reddit are all fantastic sourcesโฆbut, just be aware that each coin is going to have its own community who believes itโs the best thing since sliced breadโฆso, do your best to see past that, determine if this is something you want to buyโฆand then, be prepared to lose all of it.
6. TAKE SECURITY SERIOUSLY
Always use strong passwords and enable 2FA. NEVER click links in email or text, donโt give anyone access to your wallet, and donโt re-use your passwords. Use a Cold Wallet / Cold Storage for ultimate protection.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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