You’ve heard about that teenager or grandmother or your brother-in-law’s co-worker’s cousin who invested a little bit of money in bitcoin and struck it rich and you want part of the action. Investing in a cryptocurrency like bitcoin in 2020 makes a lot of sense. The stock market is saturated with day-traders and new investors and it seems like there isn’t much opportunity to turn a profit, especially a big, quick profit. Bitcoin investing is the new frontier, the Wild West, a place where the playing field is relatively even and anyone can make some money.
If you think you would like to invest in bitcoin, there are a few points you should know before you take the plunge. Armed with this knowledge, some seed money, and a little bit of luck, you can be the next bitcoin success story. To help you as you get going with your investments, here are five tips for beginning bitcoin investors.