I intend to purchase some Bitcoins into my blockchain wallet but I'm still sceptical about that decision because I don't understand how the crypto market works yet.

BTC or ETH? I would appreciate your suggestions, thanks.

In crypto,is better you spread your capital across selected crypto assets with good use case and potentials.Good luck.

KC031:
In crypto,is better you spread your capital across selected crypto assets with good use case and potentials.Good luck.

Do you mean it's better to buy different kinds of crypto than invest in one?

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SeunOshewaWife:


Do you mean it's better to buy different kinds of crypto than invest in one?

Exactly! That way you smartly reduce your risk of major loss in case anything goes wrong.But remember is not just any crypto,there are hundreds if not thousands of crypto projects out there but the issue here is identifying ones with use case and potential of high ROI in near future.

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SeunOshewaWife:
I intend to purchase some Bitcoins into my blockchain wallet but I'm still sceptical about that decision because I don't understand how the crypto market works yet.

BTC or ETH? I would appreciate your suggestions, thanks.

@SOW

Just a quick one lady, I wanted to
respond to this a few days back
but had some prior obligations.

In order to avoid losing your shirt and/or skirt, you have to pay attention to the details below.

So, since you're relatively new
to the crypto space, you have to
focus on just one or two major assets like in other financial markets.

Then stick to only BTC since its
the most active of all cryptos
ever. Mind you, over 1,000 newly launched cryptos have failed
over the years!

Second, it depends on what you intend to do with the BTC you
want to purchase. Is it for short-term or long-term use?

If it's for long-term (buy and hold)
investments, then you have to
make sure you buy low (when the
price is not volatile or choppy
like the markets are now) and
wait for BTC price to rise over
months until you're in full profit
territory.

If you want to do short-term
trading with BTC as a newbie,
then it is NOT advisable because
of the uncertainties in the crypto
markets, and you can lose your
trading money like some people
have done. Even experienced
crypto traders are not taking
risks as of now with trading.

Just like in the stocks, and fx
markets for instance, you have
to do a lot of due dilligence and read up more on specific assets you want to invest in after going
for real time training and re-training.


Hope this helps.

By the way, I am trying to invest in cryptocurrencies. I just buy cryptocurrency on big drops and then sell it. I recently bought BTC on the https://bikkex.com/ exchange and then sold it. By the way, I like the low fees here, so you don't have to overpay. Now bitcoin makes it possible to earn and this is the main thing.

SeunOshewaWife:


Do you mean it's better to buy different kinds of crypto than invest in one?

Yes is better but, I'll advise you to buy any of the following:
BAKE
CAKE
SHIBBA
ICT
BNB

There are many promising cryptocurrencies you can invest on. Most of the promising cryptocurrencies are being collected for FREE as you are reading this message but unfortunately many people believe that they won't become something because they are collected for FREE. Many people are not even aware of these crptocurrencies. These categories of people will be shocked when these cryptocurrencies are listed on exchanges. Unknown to them many people have already collected thousands of these cryptocurrencies.

You don't need to spend money to collect these cryptocurrencies. Invest your time, energy and data to get these cryptocurrencies today. You will look back and smile tomorrow and realize that making wealth isn't rocket science.