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BtcNewHolder
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#BtcNewHolder Security and Self-Custody: One of the most emphasized points is to secure your Bitcoin in a wallet you control, preferably in cold storage. Avoid leaving your Bitcoin on exchanges due to security risks. Diversify Storage: Consider diversifying where and how you store your Bitcoin. This might mean using multiple wallets or storage methods to mitigate risk. Avoid FOMO (Fear Of Missing Out): Don’t rush into buying Bitcoin just because of market hype. Instead, consider a strategy like dollar-cost averaging where you invest a fixed amount regularly over time, reducing the impact of volatility. Be Wary of Influencers: Be cautious of tokens or cryptocurrencies heavily promoted by influencers, as these might not always have the best long-term value or could be part of a pump-and-dump scheme. Start Small: You don't need to buy a whole Bitcoin; you can invest in fractions of a coin. Start with a small portion of your portfolio allocated to Bitcoin to get comfortable with the market. Long-Term Perspective: Bitcoin is often seen as a long-term investment rather than a get-rich-quick scheme. Patience can yield better results given its history of growth over longer periods.
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