• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

NFL Star Richard Sherman: Invest in Cryptocurrencies Responsibly

newsbtc by newsbtc
4 years ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

NFL Star cornerback and infamous trash talker Richard Sherman went on Business Insider to put crypto-haters in their place. “Have you lost money in stocks … in real estate?” He challenges the camera before adding “You will make money in Bitcoin, and other cryptocurrency. So invest, intelligently please.”

Talk of investing in Cryptocurrency is everywhere but how do you invest intelligently? Is it the biggest scam ever perpetrated or the easiest get rich quick scheme imaginable?

Invest Intelligently

The truth is it’s a currency market that works, at least as far as the investor goes, much like the stock market. There are ways to invest longterm for slow gains as well as day trading to make fast money on speculation.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“At the end of the day, cryptoassets are just like every other asset. You need to have a firm investment thesis, and you should reevaluate it as more information becomes available.” Emin Gün Sirer  Prof. Cornell University

Just like any investment, in buying and selling cryptocurrency the best infromed are most likely to succeed. The following are some basic steps to get started.

Once you have an understanding of the way the crypto market works the first step is setting up an account with an exchange. Make sure the exchange lists the preferred coin(s). Also, check the exchanges fee structure and make sure you can move your investment in and out of the exchange safe and easy.

There are now countless alternatives to Bitcoin on the worldwide market. For the first time buyer choosing either Bitcoin or one of the other large cap coins like litecoin, ethereum, Ripple or Bitcoin cash is an easy and relatively safe way to get into the system.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Price is important but it’s not the only factor when deciding when to buy. Knowing the valuation, available coin supply, what technology uses the coin meets and what is the targeted market are all important factors to success.

Like any investment, the old adage of buy low – sell high works the same in the cryptomarket.

If investing in one of the major coins this strategy probably doesn’t matter so much as the price will follow the market trend.

With lesser known, low valued coins be wary of pump and dumps.

which is when a coin is being artificially inflated by someone (or some group) in the position to create an artificial value in order to dump their holdings at a large profit at the expense of followers.

Know Why to Buy

There are a few important factors that will generally determine whether a coin will succeed once it is launched.

  • What market or technology is the coin going to service or advance?
  • Does the technology behind the coin make sense?
  • Who is behind the coin? Check out the team that created the tech and strategy of the coin, make sure the claims they make are realistic.

There is a lot of news about hackers stealing coins in the news. This happens when investors leave their coins on the exchange after purchase.

An offline wallet with 2-factor authentication, like google authenticator, is a must to keep assets safe.

There is another old adage associated when investing; beware of need, greed, and speed. Do the reading, get at least a basic understanding of the market and technology. Invest only amounts that can be comfortably lost.

Tags: altcoin marketbitcoincryptocurrencyinvestingNFL
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Can This Bitcoin Ratio Have Hints For A Bottom?

34 mins ago
bitcoin

Why Bitcoin Could Return To $28,000, But By The End Of 2022

22 hours ago
$15k Possible Bottom For Bitcoin? “Delta Cap” Says So

$15k Possible Bottom For Bitcoin? “Delta Cap” Says So

1 day ago
bitcoin bear

New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000

1 day ago
Bitcoin

Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

1 day ago
Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

1 day ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Don’t Miss Out On Experts’ Top Crypto Picks! Gnox (GNOX), Algorand (ALGO) And VeChain (VET) Set To Lead Bullish Market

July 2, 2022

LBank Exchange Will List DEBT on July 5, 2022

July 2, 2022

LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

July 2, 2022

Holon (HLN) Is Now Available for Trading on LBank Exchange

July 2, 2022

LBank Exchange Will List METAFASTEST (METAF) on July 1, 2022

July 2, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.