If you have 2FA, then there is a very remote chance that your wallet will get hacked.
Not really. 2FA protects your account, but if you hold your BTC in a custodial wallet such as Binance's, their cold wallet could get hacked and you then would lose your money as well, even with 2FA enabled. To avoid getting hacked, you just need a clean PC with a verified non-custodial wallet on it. 
Topic: Does anybody have any suggestions for investing in Bitcoin? - page 2. (Read 667 times)
Jump straight in and buy a tiny amount on an exchange such as Coinbase.
Nothing like a bit of skin in the game to focus you
Nothing like a bit of skin in the game to focus you
Familiarization about how Bitcoin works will be the first step most specially if you do really know nothing from it and you are being a first timer wanting to engage into investment. Having prior knowledge most specially the basics are very essential for there are certain risks associated upon doing engagement with Bitcoin that can be somehow manageable and be bearable once you know how to properly deal with the associated risks you will encounter. Research is a must thing to do to have better understanding about it for you might get lost in your mind ans funds not knowing what you are doing and might end up getting frustrated and disappointed.
There are lot notions around the number one digital currency investment. Potential investors from Wall Street think that it might not be the best for them to invest in Bitcoin. Some people skepticism arise a result of record exchange hacks and also lot of scammers in various social media platform.
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
I have 9 plus years of experience in investing with Bitcoin and I guess that is enough to provide a few bits if advice. Bitcoin is not a mainstream investment asset like equity, bullion or real estate. And unlike the case with equity or treasury bond, you don't need the help from anyone to invest in Bitcoin, or to store your assets. Now this may be one of the reason why the Wall Street is not very happy about Bitcoin.
Now coming to the wallet hacks, unfortunately it is very common these days. But in 99.9% of the cases, the users are to be blamed for not taking basic precautions such as 2FA. If you have 2FA, then there is a very remote chance that your wallet will get hacked.
Learn from experience, investing in bitcoin is basically a big risk, if you are not sure about bitcoin do not ever force it to enter a very volatile market.
You will not be able to feel the sensation if you only hear other people unless you really enter into it.
You will not be able to feel the sensation if you only hear other people unless you really enter into it.
Once you entered bitcoin you should consider the possible outcome that to you facing in the future if the price is down because investing is risky and anytime the money you have will chances to lost and I think you should consider that. Because anytime soon there is possible big dump happen but the good to this is also anytime will chances to rise very high taking risk is needed to invest to the bitcoin.
There are lot notions around the number one digital currency investment. Potential investors from Wall Street think that it might not be the best for them to invest in Bitcoin. Some people skepticism arise a result of record exchange hacks and also lot of scammers in various social media platform.
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
For me I don’t see anything wrong with investing your money in Bitcoin. Bitcoin is good, the risk can be high, but that’s what makes it an investment, there is always a risk. The advice I give is that when you make up your mind to start buying bitcoin, you shouldn’t be in a hurry or try to FOMO, you have to relax and make sure that you’re buying with the right amount and at the right time, because if you don’t do that, you’re going to be facing a real big problem. Some people have tried to FOMO and doing so with all their savings so that they can double their savings, at the end it’s mostly regrets. Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
Invest with only what you'll be comfortable losing so you won't get depressed if that's to be the outcome of trend bit that's very unlikely to happen.
This would be sound advice for all potential investor. There is no point in using 100% of your money to invest in bitcoin if you end up stressing out about losses. Using borrowed money or money raised from selling valuables may not be one of the recommended options. This investment is very risky and potential investor should consider this risk.comfortable losing of meney is an important point for all potential investor and this advice will make them feel more comfortable without the pressure when price don't match expectation. Also knowledge, experience and emotional control should belong to every trader or investor. Price fluctuation are common, but investor also still need to secure their capital when the market dump.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
There are lot notions around the number one digital currency investment. Potential investors from Wall Street think that it might not be the best for them to invest in Bitcoin. Some people skepticism arise a result of record exchange hacks and also lot of scammers in various social media platform.
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
Financial expert advisor have different opinions about the bitcoin future despite the huge profit risk takers made during this year rally. What is your legit suggestion in investing into bitcoin base on the level of your exposure to the blockchain industry?
It's just a risk worth taking. There's a flaw in the current banking system and only the elite are able to profit of the masses. Probably bitcoin meant not be the global currency but it's worth giving a try. It offer alternative that are privacy friendly unlike what we have with the banking system. Nobody will intentions want to close the doors to where they profit from and that's exactly what the bankers are doing.
You don't expect them to advice investing in a technology that's take them out of business. The decentralized mode of operation is what the bankers are afraid off since they'll lose control over the finance of the masses. The suggestions isn't deferent from what the enthusiast before me has stated.
Invest with only what you'll be comfortable losing so you won't get depressed if that's to be the outcome of trend bit that's very unlikely to happen.
It would be not better to invest in bitcoin at this time.At this time, there is instability in the bitcoin market.Many people are selling their assets for a small profit.In my opinion investing in Bitcoin seems risky at this time.If you invest in this time, you have to wait patiently for good results.
In my opinion, if you want to invest in bitcoin from now on and get a profit, then you have to wait for bitcoin to reach the new ATH, because at this time the market is very risky due to the changing price of bitcoin.
I think as long as you invest money that you can afford to lose, I think it is safe to invest in Bitcoin. Based on my 5 years of experience investing
in Bitcoin, I have no loss as long as my Bitcoin is not sold when the price falls below the price I bought it. So the key to success in order to get
a large profit from investing in Bitcoin is patience. As long as you are patient HODL until the price of the Bitcoin pump, surely you can enjoy the profit
from Bitcoin. So there is no need to hesitate to invest in Bitcoin, as long as it follows the basic rules of investing in Bitcoin it is very safe and profitable.
in Bitcoin, I have no loss as long as my Bitcoin is not sold when the price falls below the price I bought it. So the key to success in order to get
a large profit from investing in Bitcoin is patience. As long as you are patient HODL until the price of the Bitcoin pump, surely you can enjoy the profit
from Bitcoin. So there is no need to hesitate to invest in Bitcoin, as long as it follows the basic rules of investing in Bitcoin it is very safe and profitable.
many people are trapped by the increase in the price of Bitcoin so that many people easily invest without knowing the risks of investing in crypto, so many people lose a lot of money due to lack of information.
~
This is usually done by newbies who come to the bitcoin ecosystem because they see the news of the extraordinary increase in BTC. they panic buy because they want to get big profits. whereas panic buying and being hasty or greedy is not very good, as you say, it must be based on market analysis in order to get profit.~
Unfortunately, this is often ignored by greedy newbies and wants to get instant profit. when they lose, they will loudly say bitcoin scam, bubble, etc., even though it's their own fault.
need to be based that bitcoin is a high-risk investment.
One thing that most influences the mindset of the people is the news. Some people make their own negative statements even without knowing the situation, they are mostly on their own, and this will lead to more doubts especially for newcomers.
many people are trapped by the increase in the price of Bitcoin so that many people easily invest without knowing the risks of investing in crypto, so many people lose a lot of money due to lack of information.
~
This is usually done by newbies who come to the bitcoin ecosystem because they see the news of the extraordinary increase in BTC. they panic buy because they want to get big profits. whereas panic buying and being hasty or greedy is not very good, as you say, it must be based on market analysis in order to get profit.~
Unfortunately, this is often ignored by greedy newbies and wants to get instant profit. when they lose, they will loudly say bitcoin scam, bubble, etc., even though it's their own fault.
need to be based that bitcoin is a high-risk investment.
You need to know basics, before making any investment you need to research it, deeper you go can be better for you, you need to have your starting capital ready, know your limits and goals! This works for any kind of investment, not just in Bitcoin or any other crypto asset or service!
After you done your homework you will have to do some thinking...is it an investment you make just to earn money in the short run, or you believe in your investment, and you are ready to wait before it gets more popular and worth a lot more money than in the time of making investment!
Having in mind that blockchain is a new technology, when you make investment in crypto it's kinda you believe in the crypto future or not, if you do your homework, and you like all this and where it's going, than you need to make some investment and support it!
After you done your homework you will have to do some thinking...is it an investment you make just to earn money in the short run, or you believe in your investment, and you are ready to wait before it gets more popular and worth a lot more money than in the time of making investment!
Having in mind that blockchain is a new technology, when you make investment in crypto it's kinda you believe in the crypto future or not, if you do your homework, and you like all this and where it's going, than you need to make some investment and support it!
Before we invest in bitcoin we should be knowledgeable about cryptocurrency first so we know how risky investing in it. Today's market is riskier now compared before because of the value of bitcoin, maybe we should wait first for some other time for the value of bitcoin to go down, I am still waiting for the value to go down up to $25k - $30k before I buy and invest it and will keep on holding it for a long term.
If you will go by predictions of other high profile analysts, you're done. I believe you've got enough mind to study and research on your own because nobody is going to spoonfeed you on when to buy and where. We may guide you but our guidances are speculative so they can be called worthless or worth it if you decide to take it as an advice and use it. It's better for you to consult a professional trader in your area who may guide you and explain you why you need to have BTC in your portfolio today.
just be smart on this aspect. dont be deceived by predictions of this "high profile players" or self-proclaimed experts. if you are a long timer here, you should know by now how crypto market works. everyone can speculate on anything. but at the end of the day, it is your money on the line. so it is still on you how you will utilise your funds in your own way. these experts will never answer to your losses. so take care of your own portfolio as no one will do it for you.
Investing in Bitcoin is much much better rather than investing your money in a bank, and OP or anyone don't need to make everything complicated on predicting the price etc. Simply buying in the deep after we hit above $40,000 is good. For example, if you'll buy at $34,000 and hodl it and then wait for it to reach $39,000-$42,000 then it is a sure profit already.
That's how Bitcoin differs from any other coins in the cryptocurrency world. The higher the volatility, the higher the profits, and you don't have to fear that it'll go back at $500, it'll go rocket up high first to the highest price peak before it bounce back so deep.
First you need to know about the market reactions.
How market reacts,when market reacts positive,when reacts negative etc.
I think its not the right time to buy btc. It is on It's highest price. So it is not a good decision to invest in btc. But none knows how market will react except The almighty Allah.
So get some experience before buying.
How market reacts,when market reacts positive,when reacts negative etc.
I think its not the right time to buy btc. It is on It's highest price. So it is not a good decision to invest in btc. But none knows how market will react except The almighty Allah.
So get some experience before buying.
Does Allah know you are gambling?
If you have the risk appetite for Bitcoin, then don't stop there. I would go for:
-50% Bitcoin
-50% Tesla
It also gets a bit boring watching Bitcoin graphs all day for those of us with active imaginations
-50% Bitcoin
-50% Tesla
It also gets a bit boring watching Bitcoin graphs all day for those of us with active imaginations
It could be because the price of BTC is soo huge this time that made them skeptic of what could happen once they try buyng by bulk. Would it be logical for them to buy a token thats just in the early stage of development and at the same time had also touch thr bottom of its market?
It will be worth investing to be early in investing to a project while its token price is $0.05 than $32,000 per coin.
Jump to: