Just like any other investment, investing in bitcoins requires very detailed financial planning, especially if you are thinking about taking out a loan to start investing.
The essential tip is to know how to identify when the cryptocurrency market is booming, especially by following specialized news on the subject. From there, start creating a safe strategy to invest. Buying low to sell high should be your main goal to make a profit in this segment.
It is important that you check the interest rates of the available loan types and project which one will be most advantageous for your planning. Keeping this in mind is important because if your line of credit has a high interest rate, you could lose money if the cryptocurrency market experiences another period of instability.
#CryptoMarketDip The desperation we saw today at Square, combined with more well-founded attempts to explain the fall in crypto markets, brought me to an important point. Even before mastering the language and the most basic tools of crypto markets, small investors need to pay attention to the GOLDEN RULE: don't invest what you can't afford to lose, especially if you're a beginner. Even with so many explaining the causes of the fall, panic was the rule.
You (we) are not whales or sharks, so take it easy! Hold on tight, the storm will pass!
Keep it up! Sell high, it will come, just be patient
Mika Stoneburner XaGG
--
Bearish
$BTC I bought it yesterday when it was around 102 thousand, and today there was this absurd drop, what do I do, keep what I have, buy more? I'm new to this market
Wow, I'm terrified of this sudden market crash! If it continues like this, I'll have to sell my car... and buy everything from $BTC , $ETH , $SOL , etc. Inexperienced newbies LIKE ME: now you buy, not the other way around! Don't despair!
Se tornar competente leva tempo e estudo. Mas investir nessas grandes moedas é quase certo que o lucro será muitas vezes maior do que qualquer investimento tradicional de um banco
LucianoManson
--
I see people entering the world of cryptocurrencies and investing everything in $BTC , $ETH , $BNB or SOL.
Many of these people believe that by doing this they will get rich, which is a mistake to think like that when you have little money to invest.
Cryptocurrencies at these values require a very large and heavy investment to make you rich in 5 years. No one will get rich by investing 10, 20, 50, 200 reais in BTC and ETH, even if they did this every month, it still wouldn't be enough.
You could make a profit of course, but it would be a very small profit because they are expensive currencies and even if they doubled in value you would still only have double what you invested.
So many people end up falling for the talk of others that they should invest 90% of their capital in BTC and ETH because they will get rich that way or because they are the only reliable projects. But that's not true. There are projects that are just as reliable, and most of them are much more profitable in the short and medium term than BTC.
Imagine that you invest 200 reais in BTC. To get twice the investment, BTC would have to double its value, which currently can take months or years to happen.
Now, if you invest in cryptocurrencies worth a maximum of 1 dollar, this currency can appreciate 3-5x or 10x in the same period that BTC would take to double its value.
There are several examples out there.
When BTC drops in value, other currencies tend to fall along with it. While BTC drops 10%, others drop 30-50-70%, and this is a great opportunity to buy, because when BTC rises, even though other cryptocurrencies take a while to rise, they can appreciate 2-3-10x in a few months and reach their maximum value again.
example of a surreal appreciation that occurred in just one month.
$XVG
this coin was costing only 0.001 cents and in less than 1 month it appreciated more than 1600% or 16x costing 0.016 cents
$ADA
Although it did not appreciate that much, it went from 30 cents to 1.07 dollars, 300% or 3x.
so it's much better to invest in cheaper projects if you want to make money than in BTC
I think the illusion is to "get rich". For a middle-class Brazilian to drastically increase their wealth with crypto, they have to be an extremely competent investor.
LucianoManson
--
I see people entering the world of cryptocurrencies and investing everything in $BTC , $ETH , $BNB or SOL.
Many of these people believe that by doing this they will get rich, which is a mistake to think like that when you have little money to invest.
Cryptocurrencies at these values require a very large and heavy investment to make you rich in 5 years. No one will get rich by investing 10, 20, 50, 200 reais in BTC and ETH, even if they did this every month, it still wouldn't be enough.
You could make a profit of course, but it would be a very small profit because they are expensive currencies and even if they doubled in value you would still only have double what you invested.
So many people end up falling for the talk of others that they should invest 90% of their capital in BTC and ETH because they will get rich that way or because they are the only reliable projects. But that's not true. There are projects that are just as reliable, and most of them are much more profitable in the short and medium term than BTC.
Imagine that you invest 200 reais in BTC. To get twice the investment, BTC would have to double its value, which currently can take months or years to happen.
Now, if you invest in cryptocurrencies worth a maximum of 1 dollar, this currency can appreciate 3-5x or 10x in the same period that BTC would take to double its value.
There are several examples out there.
When BTC drops in value, other currencies tend to fall along with it. While BTC drops 10%, others drop 30-50-70%, and this is a great opportunity to buy, because when BTC rises, even though other cryptocurrencies take a while to rise, they can appreciate 2-3-10x in a few months and reach their maximum value again.
example of a surreal appreciation that occurred in just one month.
$XVG
this coin was costing only 0.001 cents and in less than 1 month it appreciated more than 1600% or 16x costing 0.016 cents
$ADA
Although it did not appreciate that much, it went from 30 cents to 1.07 dollars, 300% or 3x.
so it's much better to invest in cheaper projects if you want to make money than in BTC
$ETH It has seen good appreciation in recent days. I have about 3% profit on what I invested... Is it time to sell or hold on a little longer? #Ethereum
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