Want to start investing in cryptocurrency like Bitcoin? Here’s what I’d do if I was starting from scratch with $1,000 today.
Quite frankly, it boils down to simplicity. A lot of people see the historical returns of cryptocurrency and want to get super aggressive. DON’T DO THAT.
Here are my thoughts on what I’d do if I had $1,000 to invest in crypto and I was starting over from scratch.
1. I would buy $250 worth of Bitcoin (BTC) and $250 worth of Ethereum (ETH) today.
2. Then I’d wait 2 weeks to dollar cost average my position out.
3. Then I’d repeat step 1, buying another $250 worth of BTC and ETH each.
4. As all of this is happening, study and learn everything you can. Only then if you want to dive into smaller altcoins, should you slowly dip into those crazy waters.
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**