Bitcoin buyers see a steady price rebound, potentially making today's climate an optimal time for adding Bitcoin to your portfolio. While many Bitcoin buyers use Bitcoin and other cryptocurrencies as a mechanism for the fast and inexpensive transfer of funds – both domestically and internationally – Bitcoin nonetheless offers an exceptional investment opportunity.
If you'd like to diversify your portfolio by adding Bitcoin or other altcoins, here are a few things to remember.
- Bitcoin is volatile. While Bitcoin has seen tremendous gains over the past few months – and astronomical gains over the past few years – it's important to remember that it is fundamentally a high-risk, high-reward investment. If you can't afford the risk, you will want to consider the prospect of investing very carefully.
- Learn what type of investor you are. If you are able to successfully predict fluctuations in the market, you may be richly rewarded by a short-term buy low, sell high strategy. If you are considering long term investment, you may want to purchase multiple altcoins in addition to Bitcoin as a hedge.
- Research multiple wallet providers. If you are serious about cryptocurrency investment, you'll need to learn which wallets provide the best security. While free online wallets are certainly easy and convenient, they may not serve your long-term needs, and are prime targets for hackers. Offline wallets, or "cold" wallets, might be a wiser solution if you want to hold a large volume of cryptocurrency as a savings strategy.
Bitcoin Buyers See Steady Price Rebound: Is Now the Time to Invest?
Make sure you execute your due diligence before committing to significant cryptocurrency investment. If you are looking for a safe and secure resource for buying Bitcoin and altcoins, CoinFlip delivers multiple purchasing solutions for fast and easy cryptocurrency purchase, trade, and sales.
To learn more about buying Bitcoin using CoinFlip ATMs with cash, please visit our FAQ page.