Should You Be Buying Bitcoin Right Now? | Personal Finance | – Independent Tribune

3. Have I researched other digital coins?

As the first digital coin, Bitcoin is a popular choice for investors looking to dabble in cryptocurrency. And because Bitcoin has been around longer than other currencies, many investors are more comfortable buying it than taking their chances with newer currencies.

But that doesn’t mean Bitcoin is automatically the right choice for you. And while it’s done well lately, there’s no guarantee that its winning streak will continue. Take the time to research other currencies before landing on Bitcoin as your default.

Bitcoin may be hot right now, but that doesn’t mean it’s the best place for your money. This especially holds true if you’re feeling pressured to buy it because it’s been in the news so much. There are plenty of ways to make money as an investor outside of Bitcoin — and all cryptocurrencies, for that matter — so you should only buy Bitcoin if it’s something you’re really excited about.

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