Investing in Bitcoin: Six Simple Tips

Image Credit: American Banker Jan 27, 2024 By: Bhumi Shrivastava

Introduction

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Trade Wisely

[{"selector":"#anim-fbb7e4a9-2331-46f2-9a60-11c21fe23f5e","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc4a2e75-2578-43e2-a45b-812c25822549","keyframes":{"transform":["translate3d(0px, 122.69169%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-266408a4-283d-41b0-a2dc-4430478740ae","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b93e34ca-7483-4997-bb90-4b657461fee3","keyframes":{"transform":["translate3d(0px, 300.54218%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dfea2587-5a7e-4d9b-8da6-4fbf2d32c36d","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-021672db-d4fe-462b-8967-92fc9a04febe","keyframes":{"transform":["translate3d(0px, 488.88873%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-612ccb8d-545c-4a43-9a68-6fc3f384acec","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29145307-995e-404e-920b-b3ba64ff8730","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Invest only disposable income to mitigate potential losses. Image Credit: Forbes

Set Clear Limits

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Optimize Position Size

[{"selector":"#anim-c423d8d4-0e8e-4a49-a6f6-ac9499f23b9d","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c87478d-8920-4bdd-a733-656317bcd21b","keyframes":{"transform":["translate3d(0px, 121.80760%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63fe3106-c1e0-45db-8b99-00b644c7608c","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e677d0fd-818b-442d-8f7b-8ed1133ae695","keyframes":{"transform":["translate3d(0px, 285.90808%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d7a9a64-330f-47d0-a329-3250230c4d5d","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e71f36d-c5c2-475c-9578-56202bf8d5ba","keyframes":{"transform":["translate3d(0px, 441.82986%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41732387-3e0e-47d3-8208-748d3db6529f","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44c2bd33-50fc-48b5-a004-1b80c2bfc2e3","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Find the sweet spot between trade size and risk tolerance. Image Credit: Newsbit

Create a Plan

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Embrace Discipline

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Keep a Trading Diary

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Compare Strategies

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