Do you own due diligence

On CryptoCollege.cc you will find a lot of interesting information on Bitcoin and Cryptocurrencies. But it is important to understand that all this information is for educational purposes only and does not qualify as investment advice. In this blog we are going to touch on the importance of why you should do your own due diligence before considering any potential investment in Crypto.

A general recommendation is that no matter what your source on the internet is, you must cross check or do more due diligence before making an investment decision. This is particularly important in the crypto space, as regulations are constantly evolving and sadly, there are also a lot of scams.

People believe that approximately $4 million worth of the $18 million Bitcoin in circulation has been lost.. This is roughly 20% of the total supply. New investors in the crypto space may have lost those Bitcoins by using platforms or instruments that they didn’t fully comprehend. For instance, if you choose to hold your Bitcoins in your own wallet and manage your “keys,” but you forget your seed phrase or password and lose access to them, you will lose your Bitcoins forever. They’ll still exist on the Bitcoin blockchain, but you’ll have no means of accessing them.

Here are three tips to help you when investing in the Crypto space:

1. Understand how the platform on which you will store your Cryptos works and understand the Cryptos you are buying.
2. Only invest money you can afford to lose. Avoid borrowing to invest in Cryptos.
3. Invest money that you don’t need in the short term, so that you won’t be forced to sell during a bear market due to the high volatility of Cryptos.

Investing in Cryptocurrencies can be extremely rewarding but also nerve wrecking. For example, Bitcoin has a 300% return year-over-year, but also has had multiple drops of 80%!

If you would like some further guidance, why not take one of our coaching sessions. Our aim is to help you to understand it all better and make sure you get the most out of it!

Important Disclaimer:

The content of this article or any content from CryptoCollege.cc is for educational purposes only.  It is not investment advice. Therefore, investors must do their due diligence before making any type of investment decision. Read more here.

CC Learn and Earn Bitcoin Program:

We give part of our YouTube advertising revenues in Bitcoin (Sats) to our community. To participate, subscribe to our YouTube Channel and complete the educational challenges we launch on our various Social Media @CryptoCollegeCC . Read more about the CryptoCollege.cc Learn and Earn Program here.

Support and Donations:

If you find our content useful and want to support us. You can either follow us on Social Medias @CryptoCollegeCC or donate to the below addresses. Thank you for your support!

Bitcoin: bc1q85ngl882te4rqery2028auha8dsxlsu89aqjxqle0n6zkuqg5a6q3m38t5
Ethereum or ERC20 Token: 0xc873fBcB5DB38B87CaC2e02C28A5C504eC673d62