Course Content
How to Invest in Bitcoin and Cryptocurrencies
Bitcoin may be one of the most popular coins to invest in, but it’s not the only one. Altcoins provide a great alternative when buying crypto that can increase the diversity of your portfolio. Your choice of crypto should also take into account whether you are investing or trading, as well as your risk profile and the type of analysis you want to make. You could choose fundamental or technical analysis or even a mixture of both. With all this in mind, you’ll be ready to start investing or trading on Binance
0/8
How to Invest in Bitcoin and Cryptocurrencies
About Lesson
For newcomers to crypto, Bitcoin is usually the first stop when it comes to investing. It’s the most famous blockchain project and the largest cryptocurrency by market capitalization.
However, there are thousands of different cryptocurrencies (altcoins) out there. Some altcoins have their own blockchain, while others use a pre-existing network (such as Binance Smart Chain or Ethereum). Every project has a different proposal, each with its own potential risks and benefits. 

Whether you want to invest in BTC only or multiple cryptoassets is totally up to you. Some prefer to stick to BTC; others prefer to diversify their holdings with altcoins.

On the one hand, asset diversification removes the risks of investing in only one project. If you have multiple assets, you are less likely to lose significant amounts if one of them fails. On the other hand, altcoin investments can be risky and, unfortunately, there are many scams around. So it’s very important to do your own research before taking risks.
With the massive amount of coins available, it’s hard to know where to start. Take a look at What Crypto Should I Buy Aside From Bitcoin? for more information on some of the different types of cryptocurrencies.
Exercise Files
No Attachment Found
No Attachment Found