Do everything possible to grow your capital before going into BTC investment, which is very important to newbies because it will help them to buy BTC easily when bear market occur, which is the popular season many people use to take a bold step to buy BTC from the market.
You must have the knowledge of BTC before going into the investment, which is another advantage that will make you last in your BTC investment because you will know the different between bull run and bear run which are very important to BTC investors in the community.
Ensure you know the right wallet to use to store your BTC before going into BTC investment, because some people have loss everything they stored in their wallets because they didn't use electrum wallet which is among the solid wallet.
Topic: 3 things to know before investing in Bitcoin - page 3. (Read 578 times)
Mining is not an investment for a pleb or an average man, but for people who can afford it. It is expensive to mine in Nigeria because of lack of steady power supply and apart from that the cost of electricity is expensive. So I would not advice anyone to think of investing in mining business in Nigeria. Investing in bitcoin like buying bbitcoin is what you should talk about, because that is easy than mining.
1. Have means of income
2. Only invest with your discretionary income and hodli for long so that you don't panic and sell your bitcoin when the dip comes or an emergency.
3. See bitcoin as an investment that will transform you financially in future, so that you will ha e a reason to continue buying more regularly weekly or monthly.
4. Use a self custody wallet to keep your coins, since you are hodli for long, a hardware wallet is safer.
1. Have means of income
2. Only invest with your discretionary income and hodli for long so that you don't panic and sell your bitcoin when the dip comes or an emergency.
3. See bitcoin as an investment that will transform you financially in future, so that you will ha e a reason to continue buying more regularly weekly or monthly.
4. Use a self custody wallet to keep your coins, since you are hodli for long, a hardware wallet is safer.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
Jump to: