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  • Writer's pictureJames Veal

What's the Best Cryptocurrency Investment Advice Today?

Bitcoin is back in the news again- all over the press, in articles and on websites because of its run up in the price above $56,000. Other digital currencies such as Ethereum, Litecoin, and Cardano have made positive moves as well.

There are some people who are totally against them. In fact, Chinese authorities just recently banned cryptocurrency mining all together. But of course, there are still many who adore them and have made a ton of money since the beginning.

Apart the argument from both sides, it is completely normal to want to learn more about them and possibly direct some funds into them.

However, if you do have that desire to invest in them, you should only invest money you can afford to lose.

Here are some other investing insights you should follow:

1) Only use money that you are comfortable losing (assuming you won’t miss it)

2) You may want to take profits gradually (because they can be quite volatile

at times)

3) Only invest after you’ve done your research (there are over nine thousand

different digital currencies)

4) Invest only a very small amount in these hyped type coins such as: DOGE and

Shabu (they have become popular in the media)

Because of the volatility of digital assets, it requires great patience and a hard stomach. Invest only what you can afford to lose. It could be worth it in the long run.

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