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Topic: Investing to Bitcoin is not that easy - page 20. (Read 2199 times)

member
Activity: 189
Merit: 12
Buy, sell and store real cryptocurrencies
April 23, 2018, 06:08:32 PM
Of course, Those are all basic knowledge that you must know before investing in Bitcoin or others cryptocurrencies. Indeed, we can easy find out those knowledge in Google and learn it in a few days.
But for Bitcoin, my opinion we don't need much knowledge, you just need how to store Bitcoin? and where could Bitcoin buy? That's it. Because we just buy and hold a long time Bitcoin will give a lot of profit.
For altcoins, it's more complex than, we need have knowledge to able to judge a project is good or bad before investing, also choose the good time to buy into or sell out.
full member
Activity: 448
Merit: 100
April 23, 2018, 05:36:41 PM
There's a lot of things you need to consider that if you don't give importance your investment may be at risk so here are some of the things ou need to consider or to study.

Learn about the basics first such as:
• Bitcoin wallets
• How Bitcoin works
• What is Blockchain
• Types of wallet
• And different kinds of investments

Second Learn what kind of investments you need to do, here are:

• Trading
• Holding

When you've decided what kind of investment you're going to do start finding exchange where you will bought your first bitcoin there's a lot of platforms where you can buy bitcoins such as:

• LocalBitcoins
• Binance
• Coinbase
• Just search on the internet.

NOTE: You should know the risk you're going to face when it comes to investment remember that there's no assurance that if you invest you're going to earn so invest only what you can afford to lose.


Actually, I think this kind of lists are not making the things easier. In my opinion, for the beginners, learning the basic dynamics of the cryptocurrencies is possible by reading the forum first.
hero member
Activity: 661
Merit: 500
April 23, 2018, 04:38:35 PM
There's a lot of things you need to consider that if you don't give importance your investment may be at risk so here are some of the things ou need to consider or to study.

Learn about the basics first such as:
• Bitcoin wallets
• How Bitcoin works
• What is Blockchain
• Types of wallet
• And different kinds of investments

Second Learn what kind of investments you need to do, here are:

• Trading
• Holding

When you've decided what kind of investment you're going to do start finding exchange where you will bought your first bitcoin there's a lot of platforms where you can buy bitcoins such as:

• LocalBitcoins
• Binance
• Coinbase
• Just search on the internet.

NOTE: You should know the risk you're going to face when it comes to investment remember that there's no assurance that if you invest you're going to earn so invest only what you can afford to lose.

A good starting capital is crucial to be able to get a good starting point with btc. all investments tend to be risky with varied rates of interest. Btc requires constant monitoring of the markets to ensure smart decisions can be taken. Alts tend to be easier to invest into as their prices are much lower.
member
Activity: 322
Merit: 10
April 23, 2018, 03:50:50 PM
It is not easy to invest in bitcoin. Many people became millionaires when investing in Bitcoin but some lost everything because of Bitcoin. In addition to knowledge, experience, hard-working and market analysis, persistence, risk tolerance, alertness with winged offers, there is a fortune in this cryptographic market.
This is what I think about bitcoin, it is not very complicated issue to use bitcoin as it is very clear same as all other investments you will have to use bitcoin carefully and with right time, the only thing you will have to do is buy at red and sell at green, as buy when the price will be low and sell it when price will be high, after that one more important thing is patience, so hold for long time with patience don’t sell at panic and that’s it.
full member
Activity: 233
Merit: 100
April 23, 2018, 03:33:17 PM
To begin with, despite its popularity (the share of bitcoin is now about 70% in the global crypto currency market), its legal status is not the same in different countries. The other side of the coin is a high entry threshold. There is one more important aspect concerning the safety of independent investing on the exchange. Bitcoin is positioned as a very reliable investment - the user is well protected by the very concept of crypto currency. However, with the growth of its popularity, the number of hacker attacks is also growing.
full member
Activity: 490
Merit: 101
April 23, 2018, 03:22:37 PM
As uneasy as it is, the easy way strategy to invest in Bitcoin is to get your wallet to purchase it and just HODL. You can still do this now with respect to the capacity of Bitcoin units you can acquire. Buy and hodl till the later end of this year 2018.
newbie
Activity: 2
Merit: 0
April 23, 2018, 03:06:01 PM
Was thinking in terms of bots or really the strategies behind the bots. Buy and hold seems to be the easiest way to go, but there has to be some way to be able to use the volatility to make some money.
newbie
Activity: 238
Merit: 0
April 23, 2018, 03:05:19 PM
i am fully agree with you investing bitcoin not easy task . if you well experienced about crypto sense then its easy for you specially if you are well trader . we all know btc price movement depends on lots of fact its such volatile currency anytime any thing can happen .
member
Activity: 434
Merit: 10
April 23, 2018, 03:04:53 PM
In order to invest in bitcoin really need to know a lot, only in this case you will earn.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
April 23, 2018, 02:51:22 PM
The essence of knowing blockchain technology is starting to be gone. When I first heard about bitcoin I didn't know what's blockchain so I guess when a newbie will just got in to bitcoin he will knew almost everything about it out of his curiosity mostly with blockchain. Also the best teacher is always our experiences, this applies in choosing what wallets to use. They all believed that web wallets or exchanges wallet are safe which I also believed in the first place.
Investing into bitcoin is easy. Another platform that I haven’t seen mentioned on here to buy Bitcoin is Squarecash. The hard part is to keep faith in btc. It’s relatively easy to buy on that site. And keep holding while the price is going down. Seems like for now they’ll only allow you to buy Bitcoin but if that’s all you want to buy/ invest in that is a nice, easy and trustworthy site to look into. We have to know that in the crypto currency world every aspects are so important and also so profiting so if you choose to hold or invest in bitcoin you still stena to gain alot of profits first of all you gain holding and also trading which are all profiting. The up and down of the price is very normal.
Yes it's easy that way, you buy and hold. But to summarize everything with bitcoin including those points that you mentioned, that makes sense that investing to bitcoin is not that so easy.

What are some of the tools you use to trade? Not exchanges like Localbitcoins or Coinbase, but actual either automatic or alerting tools?
Alerting for what? new coins listed? or you want a bot for trading?
sr. member
Activity: 1036
Merit: 279
April 23, 2018, 02:29:23 PM
Learning to make an account at the local exchange and then buying from that to use for trading in other exchanges is easy enough. The problems is sourcing out the funds you'd need to get started.  Grin

Those who got in really early have a big headstart so don't expect to make a lot in just a few months. Got to be realistic or else you'd end up getting scammed.
member
Activity: 395
Merit: 10
April 23, 2018, 02:24:01 PM
You are right, you need to study quite a lot of information to invest in bitcoin and cryptocurrencies. Only if you own the information will your investments be safe and bring you profit.
member
Activity: 210
Merit: 10
April 23, 2018, 01:18:46 PM
you will need to learn how to earn money without any investment,bounty hunting and free airdrops are going to be a good thing to start your path with the cryptocurrencies,i dont want to give any reference but you will need to look to the safest way to earn money here,trading most profitable but the risk of losing your investment is much higher.
newbie
Activity: 2
Merit: 0
April 23, 2018, 01:08:54 PM
What are some of the tools you use to trade? Not exchanges like Localbitcoins or Coinbase, but actual either automatic or alerting tools?
member
Activity: 171
Merit: 10
Streamity Decentralized cryptocurrency exchange
April 23, 2018, 01:02:06 PM
of course. Investing in bitcoins is not easy. the value of bitcoin is always changing. If you have no knowledge of bitcoin then you should not invest in bitcoin. But to know how to invest bitcoin and store bitcoin are not difficult, you can learn it quickly. To invest in bitcoin and make a profit, you must learn about it and of course you must have capital.
member
Activity: 630
Merit: 24
April 23, 2018, 12:45:54 PM
Investing in Bitcoin is so risky  especially if you dont have much knowlege about bitcoin, it take time to learn ,  some times you been scam ,  because you dont have enough   knowlege, you invest in   scam site, using bitcoin ,  and also bitcoin up in down in price, mostly people will panic and when bitcoin go down they will sell,and of course you loss money.

But not as risky as it seems when we are going to turn electricity into cash by mining,despite the fact we must take into account every possible ways when we are investing in mining business too.Anyway,In essence bitcoin provides the best way to turn electricity into cash,therefore its profitable because miners don't need 10k$ to earn 1 btc, but when we are talking about day-trading of course its a risky.It doesn't mean that mining business is not risky but its more like a security risk,In another situation every single step in our life contains risk,but we can reduce it by our 'predictions' and views.
jr. member
Activity: 40
Merit: 2
April 23, 2018, 03:38:44 AM
Once you've decided to enter the market, it's not easy
newbie
Activity: 10
Merit: 0
April 23, 2018, 03:25:09 AM
 Investing in Bitcoin is so risky  especially if you dont have much knowlege about bitcoin, it take time to learn ,  some times you been scam ,  because you dont have enough   knowlege, you invest in   scam site, using bitcoin ,  and also bitcoin up in down in price, mostly people will panic and when bitcoin go down they will sell,and of course you loss money.
full member
Activity: 378
Merit: 114
April 23, 2018, 03:13:53 AM
Bitcoin is so new technology that make it hard to invest. People first start getting knowledge about it. indeed the way of investing in Bitcoin is long-term and short-term and I think Learning about Bitcoin's wallet is easy and not as complicated as you can imagine, and how to learn about how Bitcoin works? what is Blockchain? and others, many out there are videos about learning Bitcoin. after all this thing. its going to be easy to buy or invest in bitcoin
member
Activity: 252
Merit: 17
April 23, 2018, 03:04:31 AM
Yes indeed investing in bitcoin is not that easy, here in this challenging world there are not easy way especially in money. Many people are saying that there are no such as easy money, you need to work hard if you want to have a lot of money. There are no shortcuts and easy way but getting in rough way is a choice because we can do something for us to get good especially in investing in bitcoin. If you will study hard the process flow of bitcoin and do this repeatedly with a lot of patience surely you can say or find bitcoin as a basic one.
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