Greetings to you all, merry Christmas in advance.
My name is grace and I'm just new to the whole bitcoin stuff, though I have heard about bitcoin that its another form of money digitally, but I don't have an extensive knowledge on what it can do.
However, I am asking for directives from forum member so I can increase my knowledge on bitcoin. So please help me out with materials, be it books, video, links or any other source that contains info about bitcoin.
Thanks in advance.
First of, you're highly welcome to the forum, as a new bitcoiner, joining this forum is a good start to aid you in your Bitcoin journey and adventure. Although this forum is more of a decentralized forum as your personal informations should stay with you, such as your real name and so on, so be guided.
Secondly, as a new bitcoiner, I might have some important tips that'd also be of help to you, I'll quote myself in a comment I made on a similar Thread in the Beginners And Help Board
You can also Click here to get all the tips and guides you need as a beginner and a newbie on the forum and as a Bitcoiner.1.
LEARN ABOUT BITCOINyou need to learn as much as you can about Bitcoin, you'll not be told everything here so you can't rely on one source to learn about Bitcoin, read books, watch videos, look for helpful articles and PDFs that'll give you more insight about Bitcoin.
2.
START LITTLEIf you ever feel that with the knowledge you've gathered, you're ready to start investing in Bitcoin, as a newbie I'll advice to start with little amount until you've really understood the market then you can put in more money.
3.
KNOW THE NATURE OF BITCOINYou need to be familiar with the fact that Bitcoin is a very volatile asset so before you start investing you need to be ready for the ups and the downs. Sometimes you'll experience a DIP, in times like that you should remember that there has been times in the past that Bitcoin has experienced even greater DIPS to help you overcome the fear and anxieties of a DIP and to also help you make the right decisions of never selling during a DIP, and also when you experience a Bullish Trend in Bitcoin, you shouldn't always expect the market to always be like that, else you might end up being disappointed.
4.
STORE YOUR BITCOIN SAFELYI'll also advise that you look for a very safe wallet to store your Bitcoin, such as a Hardware Wallet. ( Highly recommend). Because that's the primary thing, if you're jeopardize the safety of your Bitcoin then you jeopardize everything as well, including the safety of your investment.
5.
WATCH OUT FOR SCAMMERSScammers are working tooth and nail everyday, coming up with new strategies and innovative technologies just to swindle people's hard earned money so you need to equip yourself with enough knowledge regarding how to avoid being scammed because if you're not careful you can loose your funds to a scammer in a twinkle of an eye.
6.
LEARN HOW TO DCADCA simply means Dolar-Cost Average. As a Newbie, you might feel Bitcoin is very expensive now and hard to invest in, if you're thinking that then DCA method is for you, with DCA you can store up enough Bitcoin without breaking a sweat. It's process where you simply a bit of your income, be it on daily, weekly or monthly basis, you can choose a percentage of your earnings and use it to buy Bitcoin, just like putting money in a piggybank and before you realize it, you must've saved up enough Bitcoin for yourself, rather than waiting to have the money in bulk before you can invest.
And it's never too late to invest in Bitcoin, everytime is the right time, so if you have plans to invest, don't let anything stop you from joining the moving train.
There goes, I hope these tips would be of help to you.