Bitcoin had a record-breaking year in 2021. It made headlines for breaking its previous all-time high record and for adding about $545 billion to its market capitalisation. Countries and individuals not only invested in Bitcoin, but they were also very vocal about their support of Bitcoin. El Salvador became the first country to make bitcoin legal and plans to build a city dedicated to bitcoin. Elon Musk invested about $1.5 billion in bitcoin and went to Twitter to encourage his followers to also invest. While 2021 was a momentous year for Bitcoin, we look forward to what the cryptocurrency has in store for 2022.
Market experts are predicting that 2022 will be an even better year for Bitcoin. While purchasing bitcoin is as exciting as ever, you want to be smart about your decisions in these transactions in 2022.
Blue chips. Even though a high profile investor, like Elon Musk, says to invest in a smaller crypto, it is wiser to stick with the more stable bigger cryptos, like Bitcoin. One advantage to investing in bigger coins is that you can buy in fractions.
Small amounts could win big. There is a certain thrill that comes with investing big in Bitcoin, but we advise against such actions. By investing small, you invest what you are willing to lose. Do not invest more than 10-15% of your overall portfolio in Bitcoin.
Listening to trustworthy sources. As you consider what sources and voices you listen to, think about how trustworthy they are. Acting on a quick tip that is unverified can lead to disastrous outcomes and big losses. Don’t not be gullible and don’t pay for quick tips - it’s not worth it.
Where can I find trustworthy sources?
At BitLeague we utilize the safest practices when it comes to investing in Bitcoin. We want investors to know that their investments are protected. Security is at the forefront of all our operations and we take all precautions when it comes to our customers and employees.
When you browse BitLeague, there is SSL encryption to protect you. Our team is constantly monitoring the website for any suspicious activity and will act accordingly at a moment’s notice. BitLeague is US FinCEN registered and also follows AML/KYC compliance procedures. Lastly, each one of BitLeague’s employees are required to complete very strict criminal and credit background checks and are subject to background checks during their employment.
In 2022, invest in Bitcoin with BitLeague because we care about the safety and security of our customers. As Bitcoin increases in popularity, so do the scams. Be sure about your investment and invest with BitLeague.