If it seems like a lot of people bought Bitcoin for the first time last year, that’s probably because they did.
Fifty-five percent of Bitcoin investors say they started investing in 2021, according to a study by crypto firm Grayscale Investments. Along with Ethereum, experts generally consider Bitcoin a better fit for holding and increasing in value than other altcoins, which remain much more speculative and unpredictable.
“Bitcoin is definitely the friendliest crypto to get into, but you can get really into the weeds very quickly. And there’s a lot of unregulated risk in crypto, so if you’re not a seasoned investor, you can get in trouble,” says Humphrey Yang, the personal finance expert behind Humphrey Talks.
If you’ve recently incorporated crypto into your investment portfolio, or you’re thinking about investing in Bitcoin or Ethereum for the first time, here are five things to keep in mind.
5 Things New Crypto Investors Should Know
1. Build Your Crypto Knowledge
OK, you own a little Bitcoin or Ethereum. But now what? Before you try to move onto more advanced crypto investments, Yang recommends doing your research and having an understanding of what you’re investing in. It may take time to build up the…
