Sat, 21 July 2018
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► Pt 1: What is Bitcoin | Is it Too Late to Invest: https://youtu.be/BoBEzQrWQqg
How to Invest in Bitcoin for Beginners | My Easy Bitcoin Investing Strategy (Cryptocurrency PT. 2)
My Strategy to Get Into This Crazy (Bubble?) Market
3 Rules PRE Investing:
RULE NUMBER ONE: Do NOT invest money you DO NOT have! Hear stories about people scrambling to get into bitcoin. Loans on credit cards! Selling house. DON’T DO THAT. Watching a video by Financial Education — said 3% of Google searches are about “how to invest in bitcoin with a credit card” — SCARY STUFF!
RULE NUMBER TWO: Do NOT listen to people screaming “The Sky is Falling" chicken little.
RULE NUMBER THREE: Take the smart approach in middle. How I approach investing and it’s worked well with stocks. Not as much money as I could of made, but who knows - maybe lost lots of money because trying to be too aggressive!
INSIDE CLARK’S COMPUTER:
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1. Watch the market for a week before you do anything.
2. Dollar cost average — MOST IMPORTANT THING. Ride the average of the market. I am doing $350 into every 3 cryptos every month. Could do $87.5/wk but they take $5/trade. Up to you how you want to do this!
3. Diversify w/ crypto. I own all three in equal amounts. (Bitcoin, Litecoin, Etherum)
4. “Vegas Money” - only what you are willing to lose. If I had to choose between selling stock or selling bitcoin, definitely 156% chance I’m selling my bitcoins. First to go.
stop settling start living
Direct download: How_to_Invest_in_Bitcoin_for_Beginners_My_Easy_Bitcoin_Investing_Strategy_Cryptocurrency_PT..mp3
Category:general -- posted at: 12:00pm PDT