Download Free Audio of Buying cryptocurrency exposes you to a volatile as... - Woord

Read Aloud the Text Content

This audio was created by Woord's Text to Speech service by content creators from all around the world.


Text Content or SSML code:

Buying cryptocurrency exposes you to a volatile asset class. A common rule of thumb is to devote only a small portion of a diversified portfolio to risky investments such as Bitcoin or other coins. the first and most valuable cryptocurrency, Bitcoin is a form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users. Launched in 2009 by a mysterious developers.Bitcoin price today $20,599.54 Like many other assets, Bitcoin can be bought and sold with. It is important to assess the best place to invest in Bitcoin for your personal requirements. For instance, some platforms are geared towards beginners, while others are more suited for large-scale investors that seek high-level trading tools. With this in mind, when thinking about where to invest in Bitcoin – consider the selection of pre-vetted brokers r Bitcoin is a cryptocurrency,It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges. Bitcoin is traded around ($19,600) on December 16. Volatility has declined since the beginning of the month. The price is clearly consolidating. Is it an accumulation to continue with a new bullish wave afterwards, or a distribution to start a bigger correction? Impossible to know at this stage. The first key price level to intervene is:($19,800). A daily close above this price could be interpreted as a buy or strengthen signal. However, we remind you that new purchases here always carry a high risk since we are on an annual resistance level. Beware in particular of the ($19,900 to 20,400) zone, which could be a selling zone that would cause the bullish breakout to fail and the beginning of a further correction. A virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. Bitcoin is by far the best long-term crypto investment. It is the pioneer cryptocurrency that though originally designed to replace fiat currencies has been widely adopted as a store of value and hedge against traditional investments Is Bitcoin a good investment? Speculative investors have been drawn to Bitcoin after its rapid price appreciation in recent years. Bitcoin had a price of $7,167.52 on Dec. 31, 2019, and a year later, it had appreciated more than 300% to $28,984.98. It continued to surge in the first half of 2021, trading at a record high of over $69,000 in November 2021—it then fell over the next few months to hover around $40,000