You'll Regret Making This 1 Mistake With Bitcoin Right Now
If you're patient enough, it's feasible to set and forget your investment in Bitcoin (CRYPTO: BTC), though it's probably a better idea to pay attention to it from time to time than it is to fully zone out.There's quite a lot going on with this coin at the moment, between new government policies, deepening integrations with the traditional financial sector, geopolitical intrigue, and the continuing global adoption of cryptocurrencies in general. That means investors are exposed to opportunities for profit, as well as to pitfalls -- and panic-selling isn't the only pitfall to be concerned about here. There's one mistake in particular that's especially appealing to make these days, so let's examine it and make sure you aren't at risk.Fear of missing out (FOMO) is a powerful motivation for investors, especially in cryptocurrency. When you see an asset's price rise day over day, or even hour over hour, it's enormously tempting to smash a big wad of your cash into a new investment so that you capture the upside of the move rather than being left behind.Continue reading
If you're patient enough, it's feasible to set and forget your investment in Bitcoin (CRYPTO: BTC), though it's probably a better idea to pay attention to it from time to time than it is to fully zone out.
There's quite a lot going on with this coin at the moment, between new government policies, deepening integrations with the traditional financial sector, geopolitical intrigue, and the continuing global adoption of cryptocurrencies in general. That means investors are exposed to opportunities for profit, as well as to pitfalls -- and panic-selling isn't the only pitfall to be concerned about here. There's one mistake in particular that's especially appealing to make these days, so let's examine it and make sure you aren't at risk.
Fear of missing out (FOMO) is a powerful motivation for investors, especially in cryptocurrency. When you see an asset's price rise day over day, or even hour over hour, it's enormously tempting to smash a big wad of your cash into a new investment so that you capture the upside of the move rather than being left behind.
