What Factors to Consider Before Investing in Bitcoin?

[Suba]

Bitcoin has created an incredible story: many novice investors have become wealthy, and its popularity has grown. Not only individuals but also institutions are interested in investing in Bitcoin. Some countries have even designated Bitcoin as a national reserve fund. It's no surprise that many novice investors are flocking to buy and invest in Bitcoin.

However, before investing in Bitcoin, it's a good idea to consider several factors to equip ourselves as crypto investors.

 

[magnus2022]

Cryptocurrency is very volatile and can wipe all funds within minutes. Therefore, a newbie suppose to learn and understand how the market works. First, there are tutorials in YouTube and websites where a newbie will start learning from until he grasp the concept and how cryptocurrency market works.

 

[Suba]

Cryptocurrency is very volatile and can wipe all funds within minutes. Therefore, a newbie suppose to learn and understand how the market works. First, there are tutorials in YouTube and websites where a newbie will start learning from until he grasp the concept and how cryptocurrency market works.

Personally, I'm not interested in following tutorials on YouTube and other videos. I find them to be fragmented and incomplete, making it difficult to learn thoroughly unless you already have a basic understanding of Bitcoin.