Avoid bitcoin investments that use old-age savings or child education savings. Also, do not use savings that might change your life (or damage the family’s financial stability). If you are losing money, your old age is still there and your child’s education guarantee is available. Aside from that, you may need to check out the crypto currency IRA as well.
Avoid single trading
See the bitcoin value drop very low and you decide to use all the money for trading? Do not! It must be admitted that a beginner has not been so experienced with what is happening in the market. So, never use all your money for a single purchase.
Instead, divide your capital into multiple buy times at varying prices. This method seems more complicated but can avoid you from fatal losses. Even if price fluctuations move wildly, maybe only 1 or 2 of your investment value will lose money.
Take advantage of Technology
As discussed above, there are a number of applications that can help you in bitcoin trading. Among these are the applications to determine buy and sell limits. There are also special applications to monitor prices, and let you know if the desired price has been reached. You can also explore the various apps that are now available to help analyze prices and make informed decisions, including:
This app serves as a reminder or reminder when bitcoin prices reach the limit you set. Your application notifies you. Thus, you do not miss the opportunity to buy or sell. In addition, available widget features that present price data without you having to go into the application.
This application serves as a protector of hackers, so suitable for traders with a large investment value. However, there is actually no investment value limit for installing Google Authenticator. There are two layers of security with a standard password and additional password, so hackers will be more difficult to log into your account.