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6 Things to Do After Buying Bitcoin
Better safe than sorry
There are only two kinds of people; those who already own bitcoin and those who will. If you are in the latter group, what are you waiting for? Go grab $100 and buy some today. Then keep reading.
Disclaimer: Not financial advice, informational purposes only. This article contains no affiliate links.
If you have already dip your toe in, you are probably wondering what to do with it. Shall I sell before it drops? Shall I keep it forever? Where should I store it?
Well, worry no more, I just wrote this article to shed some light into this new and exciting world of cryptocurrencies.
When it comes to Bitcoin, there are only two rules.
Rule number 1:
Never sell
Rule number 2:
Never forget rule number one
Again, this is only my opinion, not financial advice but, why would you sell an asset that will keep appreciating 200% a year? To buy dollars? Really?
If you are still with me, you are a HODLer. Now let’s look at the different options for those of you who don’t want to part with their beloved crypto.
Some experts will frown upon this option as the famous motto in crypto goes — not your keys not your crypto — meaning you should be in possession of your passwords and private keys. But providing you don’t have a large allocation of your portfolio there, this option is easy and safe enough.
If you choose this path I recommend to diversify between these 3 exchanges plus any other you deem safe.
The advantages of going this way are flexibility, convenience and yield (more on that later)
When you use a wallet that is connected to the internet, you are using hot storage. Technically speaking it’s not the safest, centralized…
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