Can I invest 3000 euros in Bitcoin long-term instead of riskier altcoins or gambling day trading? And is it wise to use centralized exchanges despite key ownership concerns?
Based on my experience, investing directly in Bitcoin is a conservative and steady approach to entering the crypto space. Bitcoin has established its value over time with a track record that many emerging cryptocurrencies do not yet offer. It is wise to begin with centralized exchanges to build familiarity with market practices, but I recommend transferring funds to secure wallets as you gain confidence in safeguarding your assets. Gradually educating yourself on key management and storage practices greatly contributes to long-term success in this unpredictable market.