Topic: FIVE TIPS EVERY BEGINNER SHOULD KNOW BEFORE INVESTING IN BITCOIN. (Read 249 times)

I am really happy and as well appreciate your write up, it's really interesting and encouraging,and I will still like other people who have more knowledge about this Bitcoin to help us and throw more light on it,in other to help our newbies to pick up, and join others in participating in the Bitcoin and other crypto currency exchange. Because I believe by so doing we all will raise and eradicate poverty in the country..

Coming to your points, it's very very ok because you try to make us to understand some certain things, which some people due forget to consider before going into crypto currency exchange ,as a beginner You need to study it very well and understand some certain things about what you are about to go into, the benefits and the loos and check if it's what you can go on and do or to withdraw yourself from it.

And further more you don't need to invest all your money there even as a beginner or someone who is there for long time, because just like the writer made mentioned of risky attached to it, because as a Wise man or woman you need to understand that things of this nature is not what you can predict on what is the next, because I also see it as a game of gabbling either you lose you gain..
On how to store our crypto currency it's very very important to know the trusted and reliable wallet that one can store his or her Bitcoin because alot of fake wallet maybe there,and as a beginner You need to know all this to avoid being a victim..

In terms of marketing it requires a good knowledge of it so as to understand how it works..
So In my conclusion I said we need more educated people to come out just like the writer just did and teach us more about the Bitcoin alot of people are ignorance if this.. thank you all for your good work..

I certainly agree with the listed tips above.
As a beginner you don't just jump into any investment without conducting a research about what you want to invest in. If it viable or not.
Secondly you need to invest little amount first to see how it goes before making a huge investment, then you begin to monitor and observe the market to understand its modus oparandi as a guide for your investment. Then you get yourself prepared for unforeseen or unplanned circumstances which every investor experiences.

Because of the risk involved if you are not sufficiently educated about the entire process, it is a good idea to begin your first crypto investment with small amounts of money.
If you understand the fundamentals of Bitcoin, I believe all you need to do now is invest as much money as you can because Bitcoin is decentralized and has a bright future ahead of it.
But keep in mind that you should not invest money that you cannot afford to lose, and you should not borrow money to invest in Bitcoin.


Because you are expected to store your Bitcoin in a secure wallet that you are confident in, conduct thorough research on the type of wallet you are about to put your Bitcoin in so that you have the assurance that your funds are safe in the wallet

Not only does Bitcoin investment carry risk, but so does any other business or investment, which is why some trading experts always advise beginners to only invest money they can afford to lose.

My advice to a new investor would be to start small and see how you feel about the investment after a couple weeks. Pick a number that is like pocket change for you, something you'd spend on a day out with a girlfriend, or as a girl buying clothes. For some of you it may be $100, for others $1000, but it's not going to be something life changing.
If you feel good about your decision, after a month, or so add more to your portfolio and keep buying until you start feeling nervous and checking the charts every day. That should be a sign that you're becoming too involved and the investment is (in your mind) becoming too risky.
Personally, I have a lot of money in BTC, but I feel relaxed and I can check the price once a week, or once every few days, so everything is fine. There's many people on this forum who start threads asking if this is the end of a bull run, or the beginning of a bull run, every time bitcoin gains or loses 5%. It's obvious these people are too heavily invested.

However, one thing is certain, OP has given good points to consider when investing for crypto with newbies. Though this topic has been repeated a lot of times, but still we are learning from it. So there’s no problem with OP, he just want his pro newbies to be more aware when it comes to crypto investing. After all, the decision still relies on the newbie itself whether he’ll follow or not the suggestions or advices from pro crypto investors.

We can add another one one the list, aside from no.6 addition which is


True that, the topic is generally discussed by many threads created in this forum.


I don't mind new accounts sharing important information if it is really important.  Having links is also a must for an information for credibility and support.  And I do not see using articles online to be a bad thing.  Many members do that, getting an article and then posting the content of the article for discussion or getting the opinion of members.  Also, it is important to share link of the article you used in order to share information else, the thread will be labeled plagiarism which one of the major offense that can lead to insta ban.

Good advices I see you starting to do your own research but don’t make some form of information you share also try to put it into your on crypto-currency affair.

Well the tips aren’t just five there are other simple mistakes Newbies makes like keeping their funds on exchanges, falling for FOMO and FUD and also greed is a determining factor towards failure.

If you are investing with moderate money then it is still applicable. Nothing defeats invest what you can afford to lose or willing to risk no matter how much money you spend either in small, moderate or huge amount of money. It is always the best choice to do that and when I think about OP's tips is that op doesn't have lots of money and only willing to risk small amount of money. Since this is all about investment in crypto so, let's assume that it would be Bitcoin where people invest. Let me start, any amount that will be invested in Bitcoin is okay and we will be sure that the funds being invested is safe (when you are holding BTC in your wallet) except if you are not sure with the platform or website where you invested. Also, if you are planning to invest in other cryptocurrency that is not very much knwon or a new project then OP's tip is a good choice to do which is to always start small when you invest because you won't know if rhe project will ve successful or not. In short, always invest in small amount if you want to invest into the unknown (New projects and not popular company).

Notice how he provides a link to the source. We already have a couple of recent newcomers who like to link like this and open new topics regularly. Edit: By the way, they both have a plagiarism complaint. OP will be next?

The first topic and the main question that the OP asked upon arriving at the forum was "getting merit."



When such topics arise, you can make a choice: either take this person under supervision for a future ban, which is exactly what the OP expects or add him to ignore.
Of course, we can agree that we were all newbies here. But something else is insulting when such people come to the forum with a clear feeling of being the most cunning and completely disrespectful of everyone else.
Once again, OP, information from the Internet is available not only to you!

I am sorry but your thread is boring and like merit fishing.

It's not good to see a newbie tries to teach others about technical things or investment, trading lessons. It's hard to believe that your lessons are good enough to believe in. Especially if your advice is bad, it's bad for other newbies who believe in your lessons.

You searched with Google and use two articles as main sources for your lessons that is another bad thing.

Each time I see newbies creating tutorials for some obvious topics or topics that have already been discussed umpteenth times it just gives off the alts account and merit fishing vibes. If it's a thread about them asking questions it would have been better or perhaps they can lecture in the already existing thread but creating a new thread for it is a no-no for me.

But I must confess Op still got some valid points and if you still look at it some way it's still a good thing since most of the newbies that recently joined the forum are not well conversant with using the search buttons so before they finally learn it this could serve as a guide for them.

I wouldn't say that hardware wallets are expensive, we're even spending on fancy dinners and vacations to have fun while this is going to secure your assets for a life time. Don't think that hardware wallets are like that because by paying for a fee, this is making a huge difference on the security of your asset. Think of it as well as an investment by how you're investing in bitcoin and how you look at it. By means of this, we've got a stickied thread about wallets: [General] Bitcoin Wallets - Which, what, why?

Yes investing small amount is not a wise decision to take. You have invest moderate amount of money in order to get started and learn trading. Bitcoin price is not suitable enough now to invest a small amount for trading. As a newbie you will not always win your trades, in order to recover the lose you have to keep a balance in your account.

6 tips every beginners should know before investing.

6. Invest what you can afford to lose.
When investing, small amount of money is not what you want to do first but to know how much small amount of money you can afford to lose. We all have each of our own fiat currency and when you bought BTC then the amount will be based on how much you can afford ti lose instead of small amount only. You may start with small amount but you can't afford to lose all of it then that's why you should only invest what you can afford to lose or to risk.

Maybe the OP just wants to give their opinion on advice/tips that he knows or maybe the OP is more experienced so he knows how to travel at the beginning as a beginner so he can control it well, we don't know how knowledgeable OP is in investing in bitcoin while for those who just joined here they are still considered beginners and when he starts posting the discussion is often repeated then of course we are like he is giving lectures here, this is not a problem maybe in the future he can do more research on the forum especially if you want to discuss a topic then you have to look for it first this topic already exists or not.

Apart from choosing a secured wallet, starting small is a very good advise and op has done justice to that. Most newbies have the character of wanting to go in all out for the big fish but not understanding the rudiments of investment. If you start small, you have the advantage to have fund to stay longer and monitor the market but taking it with big strides then you are likely to be watching the market from outside. Staying inside to see how your emotions can play on you is such an experience.

It's great that you complimented the OP for properly putting together the post. Perhaps the OP is repeating the post because he doesn't know how to utilize the search button because he is a new user here.

The fact that the same topic is being repeated is not a bad thing; it provides important information that newbies should be aware of, and new people join the forum almost every week. The big surprise is that the topic was started by a newbie who joined the forum recently to teach other newbies about bitcoin. That should be the sole reason the post is being called into question.

You have got a valid point, understanding the market is a essential requirement for any investor who want to invest in it. In crypto market things are different from stock market and forex. The volatility of this market can make you rich and at the same time can be the cause of huge losses.


Research is equally important in all markets and without proper research you can not gain profit in any market. Everyone should learn about the Bitcoin and crypto market before investing in it. As previously mentioned the volatility of the market can cause huge losses if not learnt well before investing.


That's a good idea because investing too much in beginning is not a good choice and the result can be the loss of the entire capital. It's always better to invest a small portion of funds to learn the market first and once you master it then invest more in it. But, only invest what you can afford, don't borrow money from banks or lenders because if you lose that money then your life will be full of troubles.


Your point is somewhat valid but trust me my friend many people have earned a lot by investing blindly in the Bitcoin. They have mastered the skill of Holding and that's the most important thing in this market. If you master that skill then you can earn without worrying about anything.

However, after reading the whole article I must say that you as a newbie have written a very informative article and with the passage of time you will learn more about Bitcoin and crypto market. I welcome you to this forum because you forgot to mention it. In my opinion, it's the primary source of information for those who want to learn about Bitcoin and blockchain because via this site you have access to learn about it from advanced users who are truly the masters of Bitcoin and Blockchain.

I am always surprised when new accounts surface and start teaching everyone about how to invest in bitcoin or something similar.
I mean do they actually think that this forum that has lasted for over 10yrs, nobody had actually taught or written about what they came up with?
Some good old users I think are tired of these acts and I see them complain most times.
Anyways, this is a free forum and anyone is free to do anything in as much as they are not breaking the rules.

I don’t appreciate it when newbies create threads to lecture people about how to gain merits or avoid plagiarism topics, in my experience most of those accounts that act this way are alts. And I don’t believe forum rank signifies  someone is a newbie in crypto, it only indicates that the person is new to the forum. OP did well to reference the original article, but the topic has been discussed so many times before.

OP I know you mean well, but use the search engine next time to avoid rehashing old discussions.