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Do your own Due Diligence (DD) before investing!

On Crypto-Coach.io you will find a lot of interesting information on Bitcoin and Cryptocurrencies. But it is important to understand that all this information is for educational purposes only and does not qualify as investment advice.

A general recommendation is that no matter what your source on the internet is, you must cross check or do more due diligence before making an investment decision. This is particularly important in the crypto space as regulations are constantly evolving and sadly, there are also a lot of scams.

An estimated4 million of the 18 million Bitcoin in circulation have been lost.

An estimated $4 million of the $18 million Bitcoin in circulation have been lost. This is roughly 20% of the total supply. Those Bitcoins have been lost because new investors to the crypto space have used platform or instruments that they did not fully understand. For example, you could decide to hold your Bitcoins in your own wallet and manage your “keys”, but should you lose access to them (by losing your seed phrase or password) your Bitcoin are forever lost. They are still on the Bitcoin blockchain but access to them is completely gone. Here are three tips to help you when investing in the Crypto space:

1

Understand how the platform on which you will store your Cryptos works and understand the Cryptos you are buying.

2

Only invest money you can afford to lose. Avoid borrowing to invest in Cryptos.

3

Invest money you do not need in the short run so that you are not forced to sell in a bear market, as Cryptos are very volatile. 

Investing in Cryptocurrencies can be extremely rewarding but also nerve wracking. For example, Bitcoin has a 300% return year-over-year, but also has had multiple drops of 80%! So why not take one of our coaching session to understand it all better and make sure you get the most out of it!

Important Disclaimer: Important Disclaimer: The content of this article or any content from Crypto-Coach.io is for educational purposes only and is not investment advice. Investors must do their due diligence before making any type of investment decision.  

Social Medias: @CryptoCoachio to get the latest crypto news.

                  

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