Should you buy Bitcoin in 2022?
Inside this blog, I share my Bitcoin investment strategy and the mindset that I adopt when it comes to investing.
Bitcoin is a form of digital currency that has become one of the most popular cryptocurrencies in the world.
I've been an investor in Bitcoin and other cryptocurrencies for several years now.
While I'm not a Bitcoin expert, I do have some helpful tips for how you should invest in it.
If you have been questioning whether or not you should buy Bitcoin & other cryptocurrencies, you'll want to read this…
Watch the video below:
(Click here to watch on YouTube)
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Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $12 of Bitcoin FREE with Coinbase!
Note: To get the $12 free, you must use the link above and buy or sell $129 or more of cryptocurrency.
DISCLAIMER: Investing in Bitcoin or any cryptocurrencies are risky. As I've mentioned many times, I do NOT recommend investing money that you can't afford to lose. Nobody knows if Bitcoin will go up or down tomorrow – it's just speculation. That's why it's important not to invest a significant portion of your money into it. So if you do invest, I believe it's smart to start with smaller amounts.
Bitcoin could become the future of investing.
We live in a world where digital money transactions are becoming the norm. Over the last five years, Bitcoin users and transactions have averaged a growth rate of nearly 60% per year. However, when it comes to investing in cryptocurrency, Bitcoin is not my number one investment.
As an investor, I have a responsibility to make sure that I don't lose my money. I'm more of a conservative investor. I like to invest in great blue-chip companies and assets that I believe are going to be around for a long time. Cryptocurrencies are more volatile and risky because they aren't as established yet.
That being said, I'm bullish on cryptocurrencies, long-term. I believe that Bitcoin is going to be worth more in the future than it is currently worth today.
However, I also understand the risks associated with cryptocurrencies. It's a high-risk, high-reward investment. This is why I always make sure that I save my money. I have emergency fund money put aside if something bad happens and I can no longer work.
Also, I make sure that I invest in long-term assets. I have a diversified portfolio of assets that include real estate, blue-chip companies, stocks, ETFs, and index funds. I even hedge against the dollar using gold and other precious metals.
Less than 1% of my portfolio is made of up cryptocurrency. That is my approach. I am not willing to take on a greater level of risk. You have to decide what your risk tolerance and threshold are.
Investing in cryptocurrency is money that I can afford to lose.
I call it my “Vegas money.” I know the risk going into it. Hence, I see it for what it is. Right now, I have an opportunity to be a part of the history that is Bitcoin. If it blows up in the next 5-10 years, I'll be happy that I got a piece of that history. At the same time, if it doesn't last, I'm okay.
I think that it's still going to be a while before Bitcoin takes off. Honestly, I wouldn't be surprised if there was another cryptocurrency crash. However, amidst a pandemic, the price of bitcoin has exploded nearly 150% this year and 15% in mid-November.
Now that I've seen the resurgence of Bitcoin, I'm more optimistic about its long-term value, as I'm sure others are as well. I think that everyone should buy some cryptocurrency. I buy Bitcoin using the platform, Coinbase. I store my Bitcoin money in the hardware wallet, Trezor.
I'm willing to invest a certain percentage of money into Bitcoin and I think you should as well! We don't know if it's going to go up or down. However, I think it has great utility in our world and will continue to increase in value.
Are you going to buy Bitcoin in 2022?
Buying and selling cryptocurrency is a great idea. However, it's critical that you know what your tolerance for risk is. If you're a beginner investor and you want to learn more about cryptocurrency, I've got a great YouTube playlist comprised of videos that focus solely on cryptocurrency and Bitcoin.
Building an investment portfolio is one of the best ways to create financial freedom. Start small with whatever money that you have and build it up over time. Your future will thank you for it.
Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $12 of Bitcoin FREE with Coinbase!
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