Avoid Bitcoin investments that use old-age savings or child education savings. Also, do not use savings that might change your life (or damage the family’s financial stability). If you are losing money, your old age is still there and your child’s education guarantee is available. Aside from that, you may need to check out the cryptocurrency IRA as well.
Avoid single trading
See the bitcoin value drop very low and you decide to use all the money for trading? Do not! It must be admitted that a beginner has not been so experienced with what is happening in the market. So, never use all your money for a single purchase.
Instead, divide your capital into multiple buy times at varying prices. This method seems more complicated but can avoid you from fatal losses. Even if price fluctuations move wildly, maybe only 1 or 2 of your investment value will lose money.