If you are somewhat new to bitcoin investing and other cryptocurrencies, you may have learned a lot from bitcoin uncensored. It is a popular podcast for the rest of the blockchain community. What makes this podcast a good thing for investors is the fact that they provide everyone the unfiltered truth when it comes to bitcoins. They offer what is known as gonzo journalism. This means that they do take a side. They don’t really just take the neutral stance when it comes to the topic of bitcoin.
In fact, you can learn a thing or two from them. Now, should you really be serious and put your skin in the game when it comes to investing in cryptocurrencies? Here are some things that you should always consider.
There are different kinds of cryptocurrencies that you will have to know. Litecoin and Etherium are just some of the other cryptocurrencies that are gaining popularity aside from Bitcoin. If you are going to invest on any of the other cryptocurrencies, make sure that you also know the trend. This way, you are going to buy at a low then eventually sell it when the value has peaked.
There are many reasons why you should choose other cryptocurrencies. For instance, you may not have thousands of dollars to invest in bitcoin. This is a good reason why people stick to bitcoin alternative options.
Bitcoin Uncensored Truth
Volatility is the key towards getting more profit from these ventures. That means that it can spike in value at any given time. This means that you can exit with a good amount of money after waiting for a year. But of course, volatility is also your number one enemy. You may be losing a lot of money too if you couldn’t wait for it to rise in value.
Should you start mining? If you are going to mine bitcoin, then perhaps you are a bit too late. You will already need to have a good amount of money in order to start mining bitcoins. This is simply because you will need powerful computers in order to keep track. On the other hand, it isn’t too late for the other virtual currencies.