Like anything worth doing, investing isn’t always easy. But there are ways to make your cryptocurrency investing journey a little less confusing at the outset.
We’ve put together five tips you can use to make your first steps into investing a little less daunting.
Your reason for investing could determine what your portfolio looks like, when you buy and sell, and how you approach market selloffs.
Different assets can play vastly different roles in your portfolio. Learn the risk and reward factor of crypto, stocks, and more to help you build a well-rounded portfolio.
Come up with a strategy! Or, if that sounds overwhelming, look into something that does it for you. ETFs allow you to invest in a bundle of assets at once, as do eToro’s crypto Smart Portfolios. You can also pick up one of our Popular Investors’ crypto strategies using CopyTrader.
The longer your money stays invested, the more it could benefit from compounding, or the reinvestment of your capital gains or interest.
It’s important to assess oncoming risks and prepare for market swings, so you can avoid making emotional decisions with your money.Want to learn more about how to follow these five steps?