As a newbie how can i invest in Bitcoin

Cookdata

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Not Your Keys, Not Your Bitcoin

Quote from: kamvreto on December 08, 2022, 04:31:19 AM

don't expect bullish signs to come in the near future, because there are indeed many problems that occur which make bitcoin prices fall even more. FUD is always made to make prices worse, whales want to get a lower price. now is the right moment when exchanges like FTX to go bankrupt and make the market experience a long bearish.
Buying bitcoin now and holding it for the long term will provide comparable returns and it is certainly better than just trading without understanding the basics of trading. As a beginner, you have to choose what strategy is right for you, and holding is perfect. use money that can afford to lose because there is no risk, and there will still be no guarantee.

There is something I have learned from this market, at every bear market, there comes a time when everyone is extremely bearish, they don't talk about the price going up any time soon, that was what I learned during the 2020 market as a beginner, different people were all saying that Bitcoin will go to zero because there was speculation and fear that another pandemic was on the way, but what happens at the end of the day, even the nonbelievers become bullish for bitcoin
SBF has been a problem since the start of this bull run, but we were all blinded by the profits, but as the saying goes, tough things don't last, only tough people do, and bitcoin will survive all the chaos between now and then but you must sit tight.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

Don't rush into investing if you're a newbie as you claimed. Most peeps have been driven into their darkest primes just in a bid to try something new without having an idea about anything in it, stay cool.
Meanwhile, if you do already, then this is actually the right time to buy. It's called the DIP, where you'd buy and HODL coins for lesser cost only to bumb into some huge profits at the ATH, depending on whether or not you investing much in it. Don't Rush and don't panic of the market structure stoops lower; it has happened severally and it always finds it way through.
Stay guided...

Sandra 🧑

erep

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Quote from: indah rezqi on December 08, 2022, 01:58:17 PM

Prices will forever fluctuate, and it's true that currently bitcoin has lost over 70% of its value since last year's ATH. We all believe ATH will be achieved again in the future regardless of whether it's in 2024 or in 2025, but I don't think we can guarantee that. Should they realize that bitcoin is a potential asset as a long term investment, it has been said a thousand times as the best advice to consider.

The motivation to invest should not be predicting high value based on recovery to reach the ATH price but think about the realistic prediction that the potential is reached by 2023, at least reach the price for $31k then you will get 100% profit from the current price investment (estimated rate $17k), so make sure we invest potential assets that are specifically allocated for long-term portfolios. So I have the same analysis to take advantage of investment opportunities at current low prices for future profits.

ajiz138

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Quote from: indah rezqi on December 08, 2022, 01:58:17 PM

Prices will forever fluctuate, and it's true that currently bitcoin has lost over 70% of its value since last year's ATH. We all believe ATH will be achieved again in the future regardless of whether it's in 2024 or in 2025, but I don't think we can guarantee that. Should they realize that bitcoin is a potential asset as a long term investment, it has been said a thousand times as the best advice to consider.

It is an opportunity to invest now, but every potential investor should always be aware of what the risks are and they also need to consider the money they can afford to lose, no matter what.

These considerations must be matured, especially for potential new investors and must know that bitcoin works like this, there are too many fluctuations that we don't know, so it is important in this consideration to determine whether their investment is appropriate and according to their own beliefs.
We already know that the value of bitcoin's decline is very large, but this is part of an annual cycle, meaning we believe that bitcoin will reach ATH again, although we don't know when, if they believe in bitcoin, then let time go slowly we will see an increase but it must be increased opportunities must be taken advantage of not to become regrets when the bitcoin price rises and especially for new investors.

indah rezqi

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Quote from: Shamm on December 08, 2022, 11:05:22 AM

Quote from: indah rezqi on December 07, 2022, 11:47:16 AM

>snip

even the price are dropped about 70% of it's high price last year then it's a good opportunity to buy right now as we all know how Bitcoin works and this is not new to us. Nowadays is commendable to buy and invest it for a long term as we all know that Bitcoin is for long term investment. But the investors must-have a positive thinking as I said above the price is volatile which we can not predict, when the price will go up and down.

Prices will forever fluctuate, and it's true that currently bitcoin has lost over 70% of its value since last year's ATH. We all believe ATH will be achieved again in the future regardless of whether it's in 2024 or in 2025, but I don't think we can guarantee that. Should they realize that bitcoin is a potential asset as a long term investment, it has been said a thousand times as the best advice to consider.

It is an opportunity to invest now, but every potential investor should always be aware of what the risks are and they also need to consider the money they can afford to lose, no matter what.

Shamm

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Quote from: indah rezqi on December 07, 2022, 11:47:16 AM

Quote from: Shamm on December 07, 2022, 09:13:50 AM

As a beginner, before you take any action you need to focus on reading first to familiarize yourself and know about investing, through investing you can earn money but always remember that the price are volatile it means the price will go up and down so you must set your emotion into a positive minded to control the feelings. And also you need to choose the better coin to hold and to invest coin that can make you happy in the rightime.

The first rule is, have a purpose why you are interested in investing. Second, determine what assets they are interested in, and learn everything you can about them. I strongly believe that every investor should know what asset they choose as their investment asset, so not just put money on it and hold it without knowing what the asset is.

For most of its time, bitcoin has been great to consider as a long term investment asset. Not many people doubt its future even if at the moment bitcoin has lost more than 70% from its high price. So the poin is, if they are interested investing in bitcoin then they have to know what bitcoin is and how its potential in the future based on people's opinions or their own knowledge.

even the price are dropped about 70% of it's high price last year then it's a good opportunity to buy right now as we all know how Bitcoin works and this is not new to us. Nowadays is commendable to buy and invest it for a long term as we all know that Bitcoin is for long term investment. But the investors must-have a positive thinking as I said above the price is volatile which we can not predict, when the price will go up and down.

imamusma

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Quote from: Rockstarguy on December 08, 2022, 06:37:26 AM

Bitcoin is open for everyone to invest, it is a good investment just as friends as told you about the positive impact of bitcoin. It will good if only you don't start based on what you heard from friends, it will be good for you to do your own research. Get to know the reason why you want to invest, and make findings about the risk in investing. Their are good benefits investing bitcoin but so many beginners believes bitcoin is an easy way to get rich quick.

Bitcoin is an investment asset for everyone, especially for those who believe that in the long term this asset has the potential to be profitable for them. Even from the outset, all newbies should be advised to invest in bitcoin over other popular altcoin, the reason being it is clear that bitcoin is a safe choice for its investors due to its many advantages.

As well as an investment asset, bitcoin is a currency that is increasingly being adopted by many large corporations as well as government services. This is one of the things that makes people believe that bitcoin has a very good future as a long term investment asset. Its decentralization provides something that helps people have financial freedom, so of course bitcoin is a very good asset for them.

Rockstarguy

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Quote from: Jfeat on November 07, 2022, 12:37:53 PM

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.

Bitcoin is open for everyone to invest, it is a good investment just as friends as told you about the positive impact of bitcoin. It will good if only you don't start based on what you heard from friends, it will be good for you to do your own research. Get to know the reason why you want to invest, and make findings about the risk in investing. Their are good benefits investing bitcoin but so many beginners believes bitcoin is an easy way to get rich quick.

kamvreto

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Quote from: Xxmodded on December 07, 2022, 04:02:23 PM

During Bitcoin price drop almost 70% from the last all time high price right now not any indicate back to higher price with many bad issues every time from exchange collapse until many altcoin project rumor with exploit. I think OP need to know history about Bitcoin price year by year and he can compares about what have to do before investing in Bitcoin. Right now I think in the bearish moment with Bitcoin price around $17,000 but have been longer time Bitcoin can't reach above $20,000.
If OP excited with Bitcoin investment depend with your choose want to be long term holding or short term and effective earn profit in daily day with Bitcoin still not stable at higher price last moment.

don't expect bullish signs to come in the near future, because there are indeed many problems that occur which make bitcoin prices fall even more. FUD is always made to make prices worse, whales want to get a lower price. now is the right moment when exchanges like FTX to go bankrupt and make the market experience a long bearish.
Buying bitcoin now and holding it for the long term will provide comparable returns and it is certainly better than just trading without understanding the basics of trading. As a beginner, you have to choose what strategy is right for you, and holding is perfect. use money that can afford to lose because there is no risk, and there will still be no guarantee.

SOKO-DEKE

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You are quite welcome here, and I think you've come to the correct place for advice. As a beginner who was truly interested in investing in bitcoin, you should start learning as soon as possible to prevent taking any unnecessary measures. Prior to making any investments, you must first understand the value of Bitcoin as well as the risks it entails. I discovered that many forum members have provided you with a wealth of materials to help you learn about bitcoin. As a result, I will ask you to go through those materials well, and if reading any of those materials and you find anything that you don’t understand,then bring it here and present it as questions, I believe they will provide you with answers.

In order to prevent the forum from taking unfavorable action against you, you must secondly comprehend how the forum works by becoming familiar with the rules that govern it and abiding by them.

Please don't be shine to ask anything concerning Bitcoin and the forum's rules, this will seriously help, many of us are here to learn and nobody knows all.

Kelvinid

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Quote from: Wiwo on December 07, 2022, 02:22:12 PM

Quote from: BD Crypto on December 07, 2022, 01:32:01 PM

Everyone can invest in Bitcoin the the proper time to invest is in bear market and that's now ongoing the bear market. You also need some technical analysis so that you can make entry and exit at the perfect time. Proper technical analysis will help you to know about the perfect investment period in Bitcoin.

Regardless of what your technical analysis is, one can not really predict what exact time is the best entry time, bear market is a good period to buy bitcoin but then what will happen after then one can not tell. But entering the market at the right time may be a good motivation to stay ahead of the risk and uncertainty of the market compared to those who might Bitcoin at high price around the all-time high price.
What is most important is to buy Bitcoin and having them stored in your own wallet and hold it for a long time around 2 to 3 years minimum and you will have an increased percentage in profit making.

Though we never know when is the perfect entry time. However, carrying the known words "Buy low and Sell high", I think we already have an idea of when to buy and it is probably during market corrections (bearish period). Yet, investment never just stops there as we never know as well when it pump that is why it is also a need for us to learn how to hold and learn to extend our patience as these are the tools to help us gain more profit.

Perhaps, it was easy to invest but the problem is how to become patient especially when we are easily influenced by these FUDs and market declines.

Xxmodded

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Quote from: kamvreto on December 07, 2022, 02:30:28 PM

Bitcoin did lose more than 70% from its last ATH, but other altcoins have also suffered more severe losses and some of them have been unable to bounce back. Bitcoin is the main asset as a long-term investment that is still highly trusted. a bearish market like now is a good opportunity to enter and hold long-term. just need to wait for the bullish market.
and for those who are interested or OP as a beginner, you really have to know in advance what you want to invest, like Bitcoin, of course, you have to know bitcoin and what are the basic knowledge that must be mastered. don't make an investment without further research and learning.

During Bitcoin price drop almost 70% from the last all time high price right now not any indicate back to higher price with many bad issues every time from exchange collapse until many altcoin project rumor with exploit. I think OP need to know history about Bitcoin price year by year and he can compares about what have to do before investing in Bitcoin. Right now I think in the bearish moment with Bitcoin price around $17,000 but have been longer time Bitcoin can't reach above $20,000.
If OP excited with Bitcoin investment depend with your choose want to be long term holding or short term and effective earn profit in daily day with Bitcoin still not stable at higher price last moment.

kamvreto

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Quote from: indah rezqi on December 07, 2022, 11:47:16 AM

~snip~For most of its time, bitcoin has been great to consider as a long term investment asset. Not many people doubt its future even if at the moment bitcoin has lost more than 70% from its high price. So the poin is, if they are interested investing in bitcoin then they have to know what bitcoin is and how its potential in the future based on people's opinions or their own knowledge.

Bitcoin did lose more than 70% from its last ATH, but other altcoins have also suffered more severe losses and some of them have been unable to bounce back. Bitcoin is the main asset as a long-term investment that is still highly trusted. a bearish market like now is a good opportunity to enter and hold long-term. just need to wait for the bullish market.
and for those who are interested or OP as a beginner, you really have to know in advance what you want to invest, like Bitcoin, of course, you have to know bitcoin and what are the basic knowledge that must be mastered. don't make an investment without further research and learning.

Wiwo

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Quote from: BD Crypto on December 07, 2022, 01:32:01 PM

Everyone can invest in Bitcoin the the proper time to invest is in bear market and that's now ongoing the bear market. You also need some technical analysis so that you can make entry and exit at the perfect time. Proper technical analysis will help you to know about the perfect investment period in Bitcoin.

Regardless of what your technical analysis is, one can not really predict what exact time is the best entry time, bear market is a good period to buy bitcoin but then what will happen after then one can not tell. But entering the market at the right time may be a good motivation to stay ahead of the risk and uncertainty of the market compared to those who might Bitcoin at high price around the all-time high price.
What is most important is to buy Bitcoin and having them stored in your own wallet and hold it for a long time around 2 to 3 years minimum and you will have an increased percentage in profit making.

BD Crypto

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BTC Rocks

Everyone can invest in Bitcoin the the proper time to invest is in bear market and that's now ongoing the bear market. You also need some technical analysis so that you can make entry and exit at the perfect time. Proper technical analysis will help you to know about the perfect investment period in Bitcoin.

indah rezqi

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Quote from: Shamm on December 07, 2022, 09:13:50 AM

As a beginner, before you take any action you need to focus on reading first to familiarize yourself and know about investing, through investing you can earn money but always remember that the price are volatile it means the price will go up and down so you must set your emotion into a positive minded to control the feelings. And also you need to choose the better coin to hold and to invest coin that can make you happy in the rightime.

The first rule is, have a purpose why you are interested in investing. Second, determine what assets they are interested in, and learn everything you can about them. I strongly believe that every investor should know what asset they choose as their investment asset, so not just put money on it and hold it without knowing what the asset is.

For most of its time, bitcoin has been great to consider as a long term investment asset. Not many people doubt its future even if at the moment bitcoin has lost more than 70% from its high price. So the poin is, if they are interested investing in bitcoin then they have to know what bitcoin is and how its potential in the future based on people's opinions or their own knowledge.

Shamm

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Hhampuz is the best manager

As a beginner, before you take any action you need to focus on reading first to familiarize yourself and know about investing, through investing you can earn money but always remember that the price are volatile it means the price will go up and down so you must set your emotion into a positive minded to control the feelings. And also you need to choose the better coin to hold and to invest coin that can make you happy in the rightime.

Lida93

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Quote from: Jfeat on November 07, 2022, 12:37:53 PM

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.

You're most welcome mate, feel free to ask many more questions as concerning bitcoin here in this forum, as the forum has all you need to know about bitcoin. And am sure every forum member here will be more than willing to share with you any information and sources of materials to any answer you seek cause for sure the forum is reliable and impactful.
There are varieties of benefits that the forum holds, apart from bitcoin which is the core of the forum , there are space for other conventional discuss as it affects each individual environment and the world at large.

These are few links you can use to guide yourself on your journey with bitcoin and even in the forum. It has been helpful to me and am sure it should too for you.
https://aantonop.com/books/iom/
Books for newbie's about BTC.

Beginners guide on trading in Bitcoin.
https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners

Beginners guide:
https://bitcointalksearch.org/topic/guides-on-bitcointalk-index-thread-until-there-is-a-dedicated-subforum-4928968

GigaBit

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Quote from: Jfeat on November 07, 2022, 12:37:53 PM

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.

Bitcoin is considered a highly volatile cryptocurrency with large price swings in short periods of time, which can give you maximum returns or can face big loss. It may also be helpful for you to consider why you want to invest in crypto. Are you looking to cash in on a trend, or do you have a thought-out strategy in mind? Don't expect to get what you want quickly. Which will sometimes exceed the limits of your greed.

Bitcoin can be a stronger long-term investment opportunity, but it's wise to exercise caution and be clear about your intentions and expectations before diving in. As a new investor you will definitely need a wallet that is good enough to buy and store bitcoins. If your investment is big and long term then you can definitely use hardware wallet. On the other hand, since you are a newbie, my advice would be to learn first about Bitcoin and then invest.

Scamming happens frequently in cryptocurrencies so ensure maximum security of your private key. Avoid clicking on unnecessary links. There are various airdrops and phishing sites in crypto so avoid them by increasing maximum awareness. Hope investment can be safe if you follow these things.

Awwal08

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Here is a place where you can know more about bitcoin indeed you are in a right place. You can invest in Bitcoin but first make sure you know the knowledge of the outcomes, having bitcoin does not mean you are rich. Finally invest what you can afford to lose.

Topic: As a newbie how can i invest in Bitcoin (Read 771 times)