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In principle, investing in cryptocurrencies is similar to other investments. You enter the investment opportunity at a certain price and expect the value of your investment to appreciate after a certain time horizon. This means applying the same principles as you would in any other volatile investment. The only major difference is that digital currencies are more volatile than most investment opportunities.
Some points to consider prior to investing:
NOTE: buying, selling, or holding cryptocurrency carries a substantial risk of loss. Accordingly, you should carefully evaluate whether buying, selling, or holding cryptocurrency is appropriate for your financial situation.
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