In reality, it doesn’t matter whatever you decide or think. The important phrase here is ‘you do you’. Either way, what’s critical, is to do your research. Read this cryptocurrency beginner’s guide and other blogs.
Do not be one of those investors that blindly invest in an asset they do not understand, just because they see headline-grabbing returns on the news.
Investing in cryptocurrencies is not like index funds. You are seriously exposed to whichever single cryptocurrency you invest in. And each one is different. In its technology, development structure and future utility. The carpet can be pulled from beneath your feet at any time.
The cryptocurrency market is highly volatile. If you do choose to invest please don’t yolo your life savings. Take a considered approach and don’t risk more than you can afford to lose.
If you’d like to learn more about investing then why not read our Beginners Guide to Investing – How to bankroll your financial future. It’s a great guide to get you started and to make sure you don’t fall for the most common mistakes.
If you’d like to chat or learn more about crypto, investing and finances then come join our free UK Personal Finance Group. It’s a group of like-minded people all with the same goal of improving our personal finance game. I’d love to see you there.
And finally, if you’d want to kick start your crypto journey then check out our How to Get Free Bitcoin article.
Here’s to Financial Fitness.