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Before trading Bitcoin and Cryptocurrencies - Interest in cryptocurrencies has been on the rise throughout 2019 and the impressive 300% rise in Bitcoin
BTC ( BTC ), from $ 3,130 in February 2019 to $ 13,800 on June 26, surely had something to do with the surge. interest.
Multiple studies have shown that millennials and younger investors, in particular, have become increasingly skeptical of financial service providers and traditional banks in the wake of the 2008 financial crisis. At least 40% of it population has said that it intends to invest in cryptocurrencies in the future.
Fortunately for new investors, investing in digital assets has become much easier than it was before 2017. But there are still some crucial factors that investors should consider before buying cryptocurrencies.
Here are four essential things investors should consider when making their first cryptocurrency purchase and considering trading.
