In principal, investing in cryptocurrencies is similar to other investments. You enter the investment opportunity at a certain price, and expect the value of your investment to appreciate after a certain time horizon. This means applying the same principles as you would in any other volatile investment. The only major difference is that cryptocurrencies are more volatile than most investment opportunities.
Some points to consider prior to investing:
Plan ahead. High price volatility is normal, meaning prices can go up and down quickly, and sometimes irrationally. You should have a plan of action for all scenarios.
Understand limitations. Cryptocurrencies are in their early stages, which means that cause and effect of news and other events might not have a straightforward relationship to cryptocurrency prices. You should temper assumptions, and factor in the effect limited information will have on formulating your investment strategy.
Be prepared. Unlike traditional stock markets, there are no trading hours fro cryptocurrencies. Cryptocurrency price fluctuations happen year round at any time of day. Make sure to keep this in mind when planning to manage your investment.
Never invest an amount above your risk threshold.
NOTE: Buying, selling, or holding cryptocurrency carries substantial risk of loss. Accordingly, you should carefully evaluate whether buying, selling, or holding cryptocurrency is appropriate for your financial situation.
Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.
Başka bir sorunuz var mı? Bir destek mesajı gönder.
Kişisel hesabı olan müşterilerimiz, sorularıyla ilgili olarak bizlerle bir yardım bileti oluşturarak iletişime geçebilirler
Sizlere e-posta veya canlı destek vasıtasıyla 24 saat içerisinde geri döneceğimizi garanti ederiz.
Telif Hakkı 2022 Rain Management WLL