common-close-0
BYDFi
Trade wherever you are!

What lessons can we learn from panic in 1873 to protect our investments in cryptocurrencies?

avatarCristian SalmerónDec 16, 2021 · 3 years ago1 answers

What can we learn from the panic that occurred in 1873 and how can we apply those lessons to protect our investments in cryptocurrencies today?

What lessons can we learn from panic in 1873 to protect our investments in cryptocurrencies?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    In my experience working at BYDFi, a leading cryptocurrency exchange, I have seen firsthand the importance of security measures in protecting investments. One lesson we can learn from the panic of 1873 is the need for robust security measures to safeguard our investments. In the world of cryptocurrencies, this means using secure wallets, enabling two-factor authentication, and being cautious of phishing attempts. Additionally, it is important to choose reputable exchanges that prioritize security and have a track record of protecting user funds. By taking these precautions, investors can better protect their investments in cryptocurrencies.