Investing in Bitcoin (BTC) can be quite intimidating if you’re only just learning about its existence now. In fact, taking the plunge and entering the cryptocurrency sphere is a risk for anyone, with or without investment experience. This is because the crypto space has no centralized authority to guide investors. Rumors, hype and horror stories dominate the internet, and separating fact from hearsay can be difficult at times.
Like any other business venture, you should never get your feet wet until you have all the facts straight. Many Bitcoin investors who have taken losses will agree that they didn’t do their own research. Riding on rumors and hearsay is setting yourself up for failure.