Topic: Does anybody have any suggestions for investing in Bitcoin? - page 4. (Read 627 times)

^ preparing self ^{[knowledge, mentality, and money]} before investing in Bitcoin is your best first step. don't start investing in Bitcoin because of the hype, you will only lose money and confidence because of it. at first, I never had the desire to focus on cryptocurrencies, especially Bitcoin but I saw a very large chance of success in cryptocurrencies. If you believe in yourself and invest in Bitcoin with full confidence it will not be until the next 5 years, you will be very rich.

Just do your own research, believe in what you have known. If anyone who is famous hates Bitcoin and tells the public on not to invest in Bitcoin but invest somewhere else, don't listen, it is you who are going to invest, not them (letting others to decide what you should do means you're not making your own future). Always make decisions base on your own speculation, ignore the doubt and take the risk to make profits.

Trust me, we have our own preference when it comes to investing our money, and right now, investing in Bitcoin is the greatest idea that you could ever made. Just don't forget to study about it first.

I cannot possibly tell you to invest in what you don't believe in or have a priority for, I have been in this forum going to four years now and I can say any day you decide to join the club of bitcoin investor later in the years you will be glad you did.

I advise that before you start investing in bitcoin, you must know what bitcoin is and what are the ways on how you will earn here and also how bitcoin works. Simply because why you will invest your time, money and effort on a thing that you didn't understand on how it works? Another thing is that security, always remember to back up all of your assets and private keys in order for you to be more secured to those people that has a bad intention to you.

I do.

• Never trust any "succeeded investor" from the internet.
• Do not invest if you don't understand how it works.
• Do not invest if you can't afford to lose.
• It's recommended to invest half or lower of your money to bitcoin (or anything else). "Don't put all your eggs in one basket".
• Never deposit coins on exchanges if you want a long-term investment. Use non-custodian wallets instead.
• Use online exchanges if you want day-to-day trading with low fees.
• You forget the paypal method.
• Read about it. Educate yourself. This thing will blow up in the future, because of this. Not all people have understood what it is.

Yeah, people should consider educating themselves about the current situation of the market rather than jumping to invest blindly without knowing the stories about it. In this kind of investment, you don't need to take whatever they said because most of what these people say is in their own opinion to make their coins popular to others to give them false hope. You need to make your own research to save yourself from such things or else you only lose your investment from nothing.

You don't need to get into every detail to invest in bitcoin, if you plan to daytrade then you might benefit from it but if you want to be a passive investor then I think the basics will be enough for you. Cryptocurrency is complex but that does not mean that you have to learn each bit of information about it, you will not use all of them anyway. I agree with you about mentorship, in my opinion this is the best way to gain more knowledge and information without spending too much time because you are both experiencing the things that you should learn and at the same time the mentor will be teaching you things that you will use along the way, have to be careful about it though, look for a mentor that will prioritize your growth instead of profiting from mentoring you.

Bitcoin trading has been around for a couple of years now, and since its emergence, a lot has changed. You need to conduct your own homework if you are just getting started. Knowing what you are getting into will help you make informed investment choices.

Learn to walk before you run. You need to understand basic mechanics. Learn how to sell and buy bitcoin, and how to start buying bitcoin on the easiest and most secure platforms.

It is important to learn how to guard your assets, as with all other financial investments. You need to protect your digital assets from scammers and cyber attacks in this instance.

Before you increase your investment, first invest small amounts and see how things turn out.

Talking about risks, it is not only limited to Bitcoin, but in fact the entire crypto space is filled with risks, hence you need to be extremely careful to be safe from hackers, scammers and most importantly, you should always Invest what you can afford to lose because the market as well is highly volatile. Talking about Bitcoin, the fact is, many people will always have different opinions regarding it, some are willing to invest in the future (Bitcoin) and some thinks it's better to stay away, but yet won't fail to discourage people, therefore the reason why you need to understand how the crypto space works and the potentials of Bitcoin in order to be enlightened and stay put. In the same way, talking about hacking of exchanges, in order to be safe, keep your assets in your personal wallets while in the case of scammers, learn to be contented because what these scammers do in social media platforms is to advertise platforms they say will give high returns with little money when you invest and will show fake proofs to back it up, but if you will learn to overlook all those adverts, their messages and so on, you will be safe from being scammed. Lastly, if you want to invest in Bitcoin for long term, then wait for a while for the price to drop then buy with funds you are comfortable with.

The abovementioned advices are very good and sage. I can only add that you should calculate the risk inherent in case if the market price will sharply dump. The bitcoin market is doing volatile nowadays and it can drop a few thousand in an hour and get up 10 thousand in a day. If you are ready and you have a lot of nerve then feel free to invest in Bitcoin right now.

Before you invest on bitcoin, making a lot of researches will help you on what to improve and what to learn in trading and investment. Cryptocurrency is so complex and technical when you engage to it that's why it takes a lot of time to learn and adapt on how it works in the market. But bitcoin is really worth it to invest and you should make some time to understand and also share it to your friends and families. Also look for a mentor or a professional so that these experienced investors will help you on how to start without having big problems.

Today's market is very risky because bitcoin is a very volatile asset, the future of which is still uncertain. To mitigate any risks involved with investing in bitcoin, you should wait for it to achieve new ATH. Then you skip it and don't invest. Just wait for another ATH, the one that will give you enough evidence that the time has come. You should probably skip that one too because it is still risky to invest your money. In my opinion, you need to wait for the third ATH. Only then it is going to be relatively safe to put your dollars in. Don't wait too long, however, because you can miss the moment when bitcoin is no longer volatile due to its maturity.

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?