Since Bitcoin started, there has been an enormous growth in the number of people and businesses who are putting their trust and confidence in cryptocurrency, particularly in Bitcoin.

And in 2021, Bitcoin is only getting better and bigger.

If you are planning to join in and take part this year, here are the answers to the questions you and many other beginners have asked about:

How much should I invest in Bitcoin this year?

There is never a definite answer to that question because it all depends on how much you are willing to lose to earn. Check your financial goals, your yearly budget, and your investment plan, and then determine how much you can invest. Just always remember that the bigger your investment, the bigger the risk.

What should I do with my investment?

Do your research on how you should go about doing your investment so you understand every bit of it. Make sure you use a cryptocurrency wallet that is widely used and then as you start, invest first in widely accepted exchange. You will become better and wiser overtime but as you start, start with what you can manage first.

Is Bitcoin going to maintain the position it held last year?

While it is no surprise how much Bitcoin has dominated the year 2020 with price went up to 4x, nobody knows how it would go about this year. As you may have already known, changes that can happen in a snap.

Is there a minimum amount I can invest in Bitcoin?

The good thing about Bitcoin is that it doesn’t have a minimum cap on how much you can invest as a beginner. You can invest as low as you want or as high as you can depending on how much you are willing to take the risk.

Will I lose all my money if I made a wrong move in my investment?

If you are asking about the possibility, of course, yes. However, you can prevent that from happening and that’s if you learn how to invest properly and wisely. Investing in cryptocurrency such as Bitcoin is all about risks. You either gain or lose but it’s something you can take control of.

The key to becoming successful in Bitcoin is to understand how it works. You have to learn the techniques and strategies so you become better at handling your assets and administering your investment.

So, if you are someone who’s really starting out and have only heard some details about how Bitcoin works, we suggest you deep dive first before you start investing.