Episode 11 - How do I start purchasing or investing in cryptocurrency?
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
This is one of the top questions often asked by beginners interested in cryptocurrency. Before we dive into how to purchase or invest in cryptocurrency, it’s important to understand that there are good reasons to purchase or invest in crypto, and there are bad reasons. Remember for every person who made an overnight fortune trading crypto, there are many countless others who lost their entire life’s savings or at least quite a large amount of money, so if you’re not willing or able to tolerate high-risk and extremely volatile investments with the potential for high rewards or high losses, then cryptocurrency purchasing or investing may not be for you. This is my warning for you as a beginner. This isn’t to scare you but to be honest with you.
I have said this before in prior episodes only put it in what you are willing to lose. I cannot stress this enough. However, if you are genuinely curious about the possibility of cryptocurrencies forever changing the way we deal with finances, and are wanting to learn and you are able to manage the risk, then listen on.
It really comes down to 4 steps when purchasing or investing into cryptocurrency.