Don't Buy Bitcoin, But If You Do Read This First

Introduction

Bitcoin is a digital currency that has been around for almost ten years. It’s unregulated and volatile, and it doesn’t really have any real use as a currency. That said, you can still buy some bitcoin if you want to get into the game — but here are some reasons why I would advise against it:

High Risk

Bitcoin is a high-risk investment. There are so many risks involved with bitcoin, you should only buy it if you understand the risks and have the necessary skills to handle them.

If you want to invest in bitcoin, find an online broker that allows trading on margin (i.e., leverage). This will allow you to buy more bitcoins than your initial deposit would otherwise allow for, which could increase your return on investment significantly over time.

Volatile

What does volatility mean?

Volatility is a measure of how volatile a financial asset or security is. It’s measured on a scale from 0 to 100, with 100 being very stable and 0 being extremely volatile. The term “volatile” refers to both changes in prices over short periods of time as well as large fluctuations over longer periods of time. Bitcoin has been known for its high degree of volatility since its inception in 2009, but this…