a#BinanceAlphaAlert
With $200, you can still benefit from Bitcoin (BTC), especially during a bull run when prices can surge rapidly. Start by creating an account on a reputable exchange like Binance, Coinbase, or Kraken. Use dollar-cost averaging: instead of buying all at once, split your $200 into smaller buys over a few weeks. This helps smooth out volatility and reduces the risk of purchasing at a peak.
Consider holding your BTC in a secure wallet—hardware wallets like Ledger or Trezor are safest. Even if you keep it on the exchange, enable two-factor authentication to protect your funds.
During a bull run, patience is key. Bitcoin often experiences sharp corrections, so avoid panic selling if the price dips temporarily. Set clear profit targets. For example, decide in advance to sell portions of your BTC if it increases by 50% or 100%.
If you’re willing to take additional risk, you can explore Bitcoin trading pairs or participate in derivatives like futures or options, but beginners should approach these cautiously.
Lastly, follow credible news sources and track on-chain metrics to stay informed. Even with just $200, disciplined investing and good timing in a bull run can grow your portfolio significantly over time.
