HOW TO BUY CRYPTO IN 2025! (TRUMP STARTING BITCOIN STRATEGIC RESERVE)

My Financial Friend

Introduction to Buying Crypto

The speaker discusses how to buy crypto, particularly for newcomers. They mention that many people are entering the market due to recent events, such as Trump's involvement in crypto and the possibility of a strategic Bitcoin reserve.

Understanding Crypto

Before buying, it's essential to understand what crypto is and how it works. The speaker recommends starting with Bitcoin, as it's the safest option. They also warn about the volatility of the market and the potential for significant price swings.

Buying Crypto

To buy crypto, you need to:

  1. Find an exchange in your country
  2. Load money into your account
  3. Buy the desired crypto, such as Bitcoin or Ethereum

Storage and Security

The speaker discusses the importance of storing your crypto securely, using options like hardware wallets or hot wallets. They also mention that exchanges can be risky, as they can go bankrupt and take your crypto with them.

Long-Term Investing

The speaker advises focusing on long-term investing, rather than trying to time the market. They recommend dollar-cost averaging, where you invest a fixed amount of money at regular intervals, regardless of the market's performance.

Bitcoin-Centered Portfolio

The speaker suggests starting with a Bitcoin-centered portfolio, as it's the most stable and likely to be around in the long term. They also recommend diversifying into other cryptos, such as altcoins, but with caution.

Taking Profits

The speaker advises taking profits along the way, particularly with altcoins, as the market can be volatile and unpredictable. They also warn about the risks of betting too much on a single coin and recommend being realistic about potential losses.

Conclusion

The speaker concludes by emphasizing the importance of understanding crypto, being cautious, and focusing on long-term investing. They also invite viewers to subscribe to their channel for more information and to join their Patreon community for exclusive content and advice.