Topic: How to start on Bitcoin? Where is the best place to invest? - page 2. (Read 503 times)

Hello, to invest in the cryptocurrency market you should first learn about it. And the Bitcointalk forum is a great place to do this.
Here is a very useful topic summarized by very reputable members on the forum you can refer to it:
https://bitcointalksearch.org/topic/guides-on-bitcointalk-index-thread-until-there-is-a-dedicated-subforum-4928968
If you want to buy and invest in Bitcoin you can use a variety of methods such as buying on the exchange or via ATM, you can also buy directly from the people who own the cryptocurrency around you.
Lots of good exchanges for you to invest like Houbi, Binance, Hotbit.etc. Please choose the most suitable exchange for you.
There are many cryptocurrencies on the market, but Bitcoin is the king of cryptocurrencies and it all revolves around it, so at least buy some Bitcoin.
Investing in the cryptocurrency market can be profitable but also risky so invest with caution and never invest more than you are willing to lose.
Try to plan well before you decide to invest, good luck.

Check CoinDeal. This crypto exchange is quite young but very rapidly-developing. I consider it as a very user-friendly exchange so it should be perfect for beginners. Fees are okay, deposits in some currencies are for free. If you register now, you'll get free tokens. CDL Token market starts really soon (12 of November). Moreover, it has a feature called the Galaxy Score which can help you to decide when is the right moment to buy or sell and which coin. Could be useful for you.

You can start the investment at any time when you are ready to invest. Don't be greedy. Instead of focusing on some particular coin try to invest your time on their official websites and acquire some knowledge from different platforms as well. So it is always good to have some knowledge regarding investment and the exchange which you want to use for the transaction.

Binance or Coinbase can be one of your choice upon investing in bitcoin if there's no existing local exchange in your country. You don't have to think of any other coin as bitcoin is the friendliest crypto for starters.

You have to familiarize yourself with the volatility that it has so that you will not blame anyone if you see the value of your invested money on it drops or pumps.

What country are you currently in right now? There may be a few easier exchanges to use if your country has one. Though Binance could be said to be the best, as said by the other comments. There's also Bittrex and KuCoin to choose from. Its a matter of preference, just look them up.

As for the best coin, well, not gonna say anything but you should do your own research first. Majority here would answer BTC since it is the first plus it is the current one with the highest ROI possible compared to other coins IF the market goes your way.

I am not an expert but I also want to share my experience I gained here in crypto community. Before you start buying and investing bitcoin, you must learn first the basic as what they have posted above. It is very important to have knowledge before taking any action in unfamiliar thing. Don't forget to use only those legit and trusted services or any third party apps.
Don't be fooled from users offering you HYIP/ponzi scheme/doublers, it will only cause you trouble and losses while they're getting your money.
Aside from bitcoin, there are altcoins. You can look for a reference like CMC (coinmarketcap) and CoinGecko which coins/tokens are on top of market cap and worth investing.

I want to give a little information and suggestion for you as someone who might be new to the world of cryptocurrency. I feel sure you arrived here because you heard the news that trading and investing crypto is the most profitable thing, that is true. But before you go any further, then I want to explain a little about trade and investment and I hope there are benefits for you.

Trading is an activity of buying and selling currencies, stocks, and also cryptocureency and others that aim to make a profit. Investment is a term with several meanings related to finance and economics. This term relates to the accumulation of assets in the form of expectations of future earnings. Source

Between trade and investment in my opinion has a difference even with the same end goal that is profit. The thing you have to understand is:
1. Trade characteristics and investment characteristics
2. The advantages and disadvantages of both
3. Understand and determine when you become an investor and when you become a trader
4. Make sure you understand how it works and also the risks you might face from this activity

The following tips are things you should avoid:
1. Feel no need to learn about the market.
2. Using emotions in trading activities
3. Too fast or rash to buy new tokens or coins
4. FOMO
5. Spend all capital with one token or coin.
6. Easily trust the information obtained without checking the truth first
7. All in one token or coin and tied to it
8. Buying and selling without further analysis
9. Choose any exchange without consideration
10. Expect too high.
Source

I am sure this thread will provide more lessons for you hopefully this is useful for you and I am sure others will add information it for you.

Before investing you must know in advance all the risks or may ask on other boards where there are many who will advise you, everyone must have different opinions about how to invest in bitcoin.

Binance is an exchange that is widely used for trading and investing in the long term there I see secure, saving assets is quite safe. So you can buy bitcoin safely there.

There is no doubt about Binance being #1 exchange trading platform but one needs to learn about the trading from the basic because not everyone can be a successful traders, I would say we need to learn more about trading from trading section in this forum wherein we will get some expert opinion and then need to start trading with a small amount and then gradually increase it.

As a newbie who does not have any knowledge of how the market works, I would suggest that instead of buying bitcoin and finding places to invest it, why not buy the bitcoin and hold it instead? You could just be trading it between BTC and USDT pair in exchanges, it:s a method I call dynamic holding where you buy and sell your bitcoin depending on how the market is swinging, when it's going down, you don't lose because your Stop-loss is always active and when it's rising, you are making profit because as it's rising, you would be increasing your Stop-loss limit to ensure that it doesn't affect your profits when it suddenly dips.

Buy and HODL, Buying Bitcoin is an Investment already so if you are newbie. I highly recommend on just hodling it. There is a lot of guide above but all of them is risky even though the level of difficulty is easy.
This is crypto so a lot of scam everywhere. Just holding it is the best way to invest. Create exchange wallet on binance and set 2FA for security. Deposit there your BTC and just wait for the price to increase base on the price
when you enter in BTC. Once that happened, Convert your BTC to stable coin such as USDT, TUSD and PAX, Wait for the price dump and enter again in BTC. Repeat the cycle when for every signaficant changes in BTC price. Never bought altcoins as it will just burn your funds.  

Ofcourse Binance.  Binance is the No. 1 exchange and everyone will recommend it to you.
But before trading at the exchange,i am sure you are well versed with how to do trading etc. Do not jump into trading because you heard that it is a quick way to make money, else you will be disappointed soon.

but if we are talking about the exchange
Which one you will recommend?

Just to add some inputs from above advices

You may want to also read this as for starters,
https://en.m.wikipedia.org/wiki/Bitcoin

It's great to start reading those and terminologies aren't that complicated to comprehend.
Know the basics and don't just dive into something you are not familiar of or your loss will be inevitable.

As for exchange sites, just use binance and other reputed Centralized exchange sites and if you can stay away from decentralized exchange sites, please do.

I see you're new to crypto and you have “i want to make this money quick energy” in you. That's a good spirit but you have a lot to learn so that you won't make the mistake some newbies made.
While you're looking for answers, take your time and go through some topics in the forum sections like
- Bitcoin Discussion
- Trading Discussion
- Project Development
This will give you more exposure and updates on your crypto journey.
I wish you good luck.

The most basic thing

You must understand about Bitcoin in a basic way and also how to analyze the market. there is no safe place in investment there is certainly a risk. and for cryptocurrency itself the risk is also quite large. so you better learn from the Website like https://cointelegraph.com/bitcoin-for-beginners to be able to get clearer information about investments. that is all available to beginners or people who already understand. do not rush to make investment decisions

You should know that there are a lot of scams going around in the crypto industry. Fake phishing sites, fake support teams, fake wallets. People will try to take advantage of you. Whatever exchange or service you end up using make sure that you are always on the official site. Be it Electrum for storing your Bitcoins or an exchange where you will purchase it.

Ask questions before you send your money because transactions are irreversible. Don't be the person who says: I sent money to this guy and he scammed me. Be the person that says: This guy is pretending to be an investment expert, should I trust him?

Depending on how much you are planning to invest, looking into a hardware wallet might also not be a bad idea. They are safer compared to any desktop or software solution. Whatever you do, try to keep your Bitcoins off exchanges as much as you can. You need to be the one and only who is in possession of the private keys.

Regarding to investment, it is always personal favorite, choice and decision so it is very tricky to ask for which coin is the best.
If you ask me, I would suggest bitcoin is the best. It is true for all crypto investors but it does make more sense for newbie crypto investors because they are highly lack of knowledge and experience to choose good altcoins (altcoins mean alternative cryptocurrency, that excludes bitcoin). Most of altcoins are shit ones, and even they are good altcoins, their price will do highly volatile and decrease too much in bear market period.

Regarding to bitcoin, you can buy it on exchanges, ATMs but the key point is you have to learn how to store your bitcoin yourself and be responsible for your bitcoin. It will in turn include your bitcoin private key. Whoever have access to you bitcoin private key, they will have access to your bitcoin and they will steal your bitcoin instantly.

Note that if you use bitcoin wallets to store your bitcoin, you should set up strong password for your wallets, but remember that password is to protect your bitcoin private key. So if someone have access to your bitcoin private key, they don't need to have your wallet password to steal your bitcoin.
[GUIDE] How to Create a Strong/Secure Password
Besides Keepass, you have another option to use Bitwarden

Verifying wallet after downloading, before installing and using is important. You can do this or not, it's your choice but I recommend you to do this.
Electrum wallet - Update safely and avoid phishing wallets?
⚠⚠️⚠~Beware on active phishing Electrum websites~⚠⚠️⚠ (Collection list updated)

To start with bitcoin, this one is the first priority for you: https://bitcoin.org

Then, read lots of threads listed there, from basic to advanced, in the section for bitcoin.
[GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?)
Newbies - Read before using exchanges or investing

Read those threads and documents on bitcoin.org to know how to back up your wallets, then retest your backup before using that wallet.

There are list of bitcoin exchanges: https://bitcoin.org/en/exchanges
There are exchanges that ask for KYCs, and there are ones that don't ask for KYCs, so you have to choose ones that fitted to your needs.
You can check more there too: https://localbitcoins.com/

To safely move your bitcoin, please read: How to lose your Bitcoins with CTRL-C CTRL-V. You can apply this guide to move altcoins, it is useful not only for bitcoin.

Lastly but very important, you should think of secondary plan that will be helpful for your husband/ wife/ children/ relatives to retrieve your bitcoin in worst case when something really bad suddenly happens to you.
It is an advanced tip but very important for all bitcoin investors.
Using Locktime for inheritance planning, backups or gifts

Asking the best crypto to invest in is not a great question. If you're starting out, I'd suggest bitcoin but understand your investment could plummit, $2k is about as likely as $20k short term so make sure you understand the risks of investing in anything...

Don't fall for a lot of the other coins that are newly released or have a low market cap, look for coins like bitcoin, litecoin, ethereum, momero and xrp... Things likely to be less volatile than the rest.

As an exchange this really depends on where you are, I'd suggest coinbase.com if you can use it where you are but you might want to look into sites like localbitcoins instead. Store yourbitcojn in a wallet on your pc like electrum (from electrum.org) verify the signature (I think there's a help page on the site) and run it and make a new wallet. If suggest doing a small purchase of about 1% of what you want to buy or 0.0001-0.001 just to check everything works and you can send from the exchange to the wallet and back.
 

Hello Experts, If someone wants to buy or invest in Bitcoin, how they can start? Where is the best place and which crypto is the best to invest?
Expecting your valuable replies. Thanks in advance!