What are the biggest mistakes to avoid when buying bitcoin?

Whether it's from buying high and selling low, getting hacked, falling victim to scams, or losing your keys, this high-risk investment can lose you money. Here are four big mistakes to avoid when buying Bitcoin. 1. Not prioritizing security There are a few reasons good security is crucial when you're buying Bitcoin.

Can you lose money with Bitcoin?

You access your Bitcoin through public and private keys, and one way you can lose money is to lose those keys. Since there's no bank, you can't just call someone up and have them reset your password. If someone else gets your keys, they control your Bitcoin.

How can I protect my Bitcoin from hackers?

There's currently about $140 billion worth of Bitcoin stuck in wallets people can no longer access. Protect your computer and cell phone. Any device you use to buy, sell, or trade crypto needs to be secure -- that means using two-factor authentication, encryption, unique and unguessable passwords, and protection against malware and viruses. 2.

Is the US government trying to shut down bitcoin?

Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin. Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.