Topic: Investment advice backed by real experience - page 3. (Read 625 times)

Surely you have been talking with traders then rather then investors, because that sounds like a trader talk. To Bitcoin investors this has been most certainly a long term investment and being greedy and patient has been a good combo in hindsight.

The lesson about feeling is quite weird. Like darster I'm also not sure about it. Most OGs that I know spend thousand of dollars buying tokens that they believe have potential and then forget about it. They don't even care with the current price unless there's some fundamental changes with the projects that remove their potential.

I'd rather say invest comfortably and don't feel too anxious. Follow the development and don't care too much about price unless there's a fundamental change. Use money that you can afford to lose and assume that money is gone when you decide to invest.

I was pleased with this experience that happened with your Syrian cousin, and since I am Syrian, I am very happy with this experience because it works a lot of encouragement for me, I got to know Bitcoin for a long time and has already changed my life for the better, especially in light of the current conditions in Syria from the war and the high cost of living Bitcoin has been the heavenly outlet for me to work from the internet and improve my economic situation. The conditions here in Syria are very difficult, but thanks to God, thanks to Bitcoin, my life has become better and easier and I can get a good income even though the transfer of Bitcoin to the Syrian Pound is not easy.

there should be more emphasis on the useful part because being rare means nothing without it and the main reason why bitcoin is valuable (and continues to increase in price) is because of the utilities it provides alongside the uniqueness of it.
otherwise there are lots of altcoins that are a lot rarer than bitcoin while they have a lot less value which continues to decrease too.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

Nice article, and I hope people that are novice will start to liking bitcoin as soon as possible. Some people call bitcoin ponzi, while some people are so ignorant to call bitcoin scam, it will be better for them to wake up and know the real ways bitcoin can make them rich. Also, I like the fact you mentioned that people should know about it very well before investing so they can make profit from it.

It will be good if you can edit and add bitcoin as a deflationary currency. That is why its price is increasing with the limited supply and increasing demands.

This is why I like bitcoin, it is not regulated by any central body, it is completely decentralized and its price is determined by total number of people that buy and sell it.

There are many other ways to buy bitcoin, as for me, I prefer p2p exchanges, and I like exchanges that require no kyc, you can check the link below.
https://bitcointalksearch.org/topic/m.54697812

Also is the use of bitcoin ATM, but not yet so common, but the rate of its adoption is increasing.

Hello all
Perhaps the topic I will present to you is not new, but it may benefit some of the new members of the forum and may remind some of the important details that we must pay attention to when investing in Bitcoin, as we all noticed that Bitcoin has evolved from the past and is spreading much more and a lot of people did not believe The strength and effectiveness of this currency may change their opinion after it proved its ability to save many poor families who resorted to working in the field of cryptocurrencies and also the Corona virus crisis, which proved that Bitcoin is able to provide financial assistance in periods of epidemics and can reduce the spread of the epidemic by reducing the use of paper currencies. Which is considered a major vector of the virus, and the great positivity by allowing people to manage their money during the quarantine period while they are at home, as many have invested their money and made profits, and the most important example of this successful investment is the young Syrian (solieman gassan), the son of my cousin residing in France, who He bought bitcoin for $ 6,000 when the bitcoin price was 7,500 before the halftime period this year, and he kept that amount until now. This and made a big profit, as the price reached about 11600 dollars, this experience made me happy because I chose the field of cryptocurrencies and based on this realistic experience I decided to share with the wonderful members of the forum 5 things that should be known before investing in bitcoin and I have benefited from an article I will put a link at the end Participation:

In the beginning we will ask some questions and answer them:
1- Why is Bitcoin's value rising
It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider investing in Bitcoin scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.

2- Why invest in Bitcoin?
It seems silly to some people that one Bitcoin is worth hundreds of dollars
What makes Bitcoin valuable?
Bitcoin is rare and useful
Let's take gold as a currency, for example. There is a limited amount of gold on Earth.
The more gold is excavated and extracted, the less it is in the ground, and the task of extracting it becomes more difficult and more expensive.
The same goes with Bitcoin.
There are only 21 million Bitcoins, and over time the mining process becomes increasingly difficult.

Take a look at Bitcoin's inflation and supply rate:


Bitcoin monetary policy is transparent and neutral, and anyone can verify it.
Bitcoin's transparency is one of its most important features. We can see when a new Bitcoin has been created or how many Bitcoins are in circulation in the market.
Bitcoin can be sent from anywhere in the world to anywhere else in the world. No bank, entity or country can block transfers and payments or close your account. Bitcoin is anti-censorship money.
Bitcoin does not recognize geographic boundaries, and it also provides an opportunity to shake off states' failed monetary policies.
The Internet has made information available to everyone and easy to access. Bitcoin and digital currencies will have the same impact on the financial lives of individuals and the global economy.
If you understand the goal behind creating Bitcoin, it shouldn't be difficult for you to understand that investing in it might be a good idea.

Bitcoin price:
There is no official price for Bitcoin, its price is set by people willing to pay. The CoinDesk Bitcoin Dollar Exchange Rate Index is a good resource for the coin's value.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites.

3- How do you choose the right time to buy?
As with any other investment, nothing is certain.
In order to be able to buy a certain amount of Bitcoin, someone must be willing to sell it. And in every commercial transaction on trading platforms, the bitcoin seller bets on the possibility of the Bitcoin price falling or at least not going up, and the buyer betting on an increase in its price, and in this sense every buyer and seller bets on his knowledge. That is why do not take the information mentioned in this article as investment advice. You should do your own research before buying Bitcoin.
In general, since the creation of Bitcoin in 2009, the more its price has increased, it has increased at a very fast pace, and the lower the price has decreased slowly and steadily until it stabilizes.

4- How to invest in Bitcoins and where to buy it
The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
CoinBaise is currently the world's largest Bitcoin buying platform and is only available in the US, UK, Canada, Singapore and most of Europe.
You can use this tool to find someone selling Bitcoin in your country

Important Tips:
It is important to understand how Bitcoin works before you invest any money.
Bitcoin and cryptocurrencies are still a new technology, and it can take you months to understand the real impact they can have on the world.
Take the time to understand Bitcoin, how it works, and how it differs from regular money.

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

Note:
1- The first part of the topic was written by my personal efforts and I benefited from the experience of one of my relatives mentioned above
2- One of the articles was used from the following source:
https://www.bitcoindz.com/2018/09/investing-in-bitcoin.html