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Why I won't buy Bitcoin with Robinhood
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Twitter Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university, and prior to her accounting career, she spent 18 years in newspaper advertising. She is also a freelance writer and business consultant. Over the years, it has truly taken investors, and anyone interested in the cryptocurrency, on a rollercoaster ride. Only time will tell whether Bitcoin, which has been controversial since its introduction inwill continue booming or if the bubble will burst and prompt more people to short-sell Bitcoin. Unfortunately, anyone chasing that fortune can also just as easily fall victim to opportunistic con artists and hackers who perpetrate Bitcoin scams.
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All products and services are presented without warranty. Investing in Bitcoin is all the rage but how exactly does a beginner get started?
Similar to any speculative investment, buying bitcoin carries some well-known risks: The price could drop precipitously and a single online hacking or crashed hard drive incident can wipe out your stash of bitcoin with no recourse. Bitcoin has seen dramatic run-ups in price followed by some painful crashes but has consistently retained a significant portion of its previous gains every time it plummets.
Do you need to already have Bitcoin to invest? Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like?
If you just want to earn a high return with crypto, you might consider a crypto savings account. Check out the best cryptocurrency savings accounts here.
This means that when you set up an account and fund it. London, UK, Dec. The crypto market is full of traders who are making money hand over fist.