There’s a new crypto bank in town. Known as Buy Bitcoin Bank, the digital currency firm is looking to ensure all crypto traders have the tools, resources, and education they need to trade intelligently and make appropriate decisions when it comes to adding digital currencies to their portfolios.
Buy Bitcoin Bank Is Pushing for Stronger Education
There’s nothing wrong with investing, nor is there anything wrong with diversifying one’s portfolio. However, what can be problematic is when someone does this without finishing their homework. This can lead to problems like heavy losses if the person in question is not careful, and when it comes to crypto, one can argue that the field of education is seriously lacking.
Many traders have simply gotten involved because they have a fear of missing out, often classified as “FOMO” for short. They see the rising prices and decide to get involved without doing their research or without asking too many questions. This often leads to serious trouble as they put too much of their money into the assets in question. From there, the market tanks – as most markets do from time to time – and they wind up losing much more than they can bear.
One of the big pieces of advice that many financial advisors give nowadays is that one should never put more than they can afford to lose into crypto. One’s portfolio can contain digital assets, but they really shouldn’t compose more than one to three percent. Sadly, a lot of people either aren’t aware of this or they don’t listen. They see the vastly rising prices and decide it’s all or nothing, and this attitude causes them serious financial strain in the coming months and years.
Buy Bitcoin Bank wants to ensure that nobody experiences a problem like this in the coming future. The institution is going to provide guides and other data resources to all its customers and those looking to join its clientele roster. If they are interested in buying bitcoin or adding some other form of crypto to their portfolios, they can look to the bank’s many educational sources to ensure they’re doing the right thing.
How Many Guides Will Be Written?
Buy Bitcoin Bank also says it’s going to provide resources to people of multiple countries, ensuring that geography, time zones, and similar elements don’t deny anyone the chance to learn more about crypto and subsequent investing. Among the guides it aims to put out will be those dedicated to things like defi (decentralized finance), yield farming, NFTs (non-fungible tokens), the metaverse, and futures and options trading.
Right now, Buy Bitcoin Bank is in the process of adding writers to its payroll system to ensure they have the people they need to get the guides written and push its education plans in the right direction.
Source: https://www.livebitcoinnews.com/buy-bitcoin-bank-really-wants-to-educate-crypto-traders/