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Hi Guys,
I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in cryptocurrency - mainly bitcoin.
I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get on board now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
I wanted to invest a bit of money (£1000 max at the minute until I understand a bit more) in cryptocurrency - mainly bitcoin.
I am a complete newbie so would appreciate some advice on the following:
1) When is the time to invest? I can see today that Bitcoin is up 2.5%. Is it best to wait for a big drop or just get on board now?
2) If I wanted to put 80% into bitcoin then 20% into something else - what would you recommend?
I am using coinbase. Thanks for your time.
Hey so the best time to invest in Bitcoin would be now. This holds true a year ago and five years ago, but in order to spread out your risk I would take advantage of Dollar Cost Averaginghttps://www.mininvesteringsguide.dk/dollar-cost-averaging. This would help spread out your risk.
Coinbase is a good idea if you are a complete noob, however, they have quite high fees compared to Binance for example.
Spreading out your investment could be a good idea, but I would not invest in smaller cryptos stick to the ERC20 tokens.
Best of luck
