Topic: Learn how to invest BTC - page 10. (Read 989 times)

Bitcoin is a high risk investment. You should know this from the start, if you are going to invest in this. Some people invest and they have to wait for months or even years to make a profit.

The secret is to get in whilst the price is low. ^smile^

I think the best way to invest in this currency is to buy now the best coin bitcoin is the best way to invest and secure your money i have purchased bitcoin in the past and that make me profitable so my strategy is to buy bitcoin at now and hold it for the future so when the value high i come to know that my investment is very profitable and i suggest this all of you.

There are many aspects of investing in bitcoin that you should teach yourself.

I think this covers a fair bit:

1. Storing bitcoin.

Learn the difference between public addresses and private addresses. Each private address can create any number of public addresses. The public addresses are where people send your bitcoin so you can receive it. Public addresses are safe to share around the internet.

Private addresses are your password to your bitcoin. Never share them. If public addresses are the email, then private addresses are the passwords.

You can store bitcoin in paper wallets. You can create your own paper wallet. A paper wallet is created by downloading and installing the Bitcoin Core. Scan your computer for viruses before creating a paper wallet in case hackers are looking at your computer. Create your private address, generate your public addresses.

Write down your public and private addresses BY HAND. You can also opt to export the public and private addresses into a notepad document and save it on a USB drive for safe keeping.

After doing so, you can simply use the public address safely around the internet, but always scan your computer before inputting your private key to access your bitcoins (to send bitcoins).

There are also Hardware and Web Wallets. Hardware Wallets can be safe, like Trezor, where the private key is not known by anyone but the Trezor device. I don't like this idea very much, because I'd like access to my private key. They give you a seed key, which u can use to access your wallet. It's still not the same. If Trezor goes bankrupt, your seed key is useless and you'll never know your private key.

But Hardware Wallets have awesome safeguards, like PINs and 2FA at the hardware level. Even if a hacker has access to your computer, or your outside having fun and plug your hardware wallet into a terminal. It doesn't matter! You have a PIN and password and whatever 2FA that lets you use it safely in public without anyone being able to hack your wallet unless you physically lose the Trezor device!

Web Wallets are even less safe. But they are convenient. Blockchain.Info is a trusted web wallet where you create an acount and they give you a public address. I'm not sure, but I dont think they let you access your private key anymore... Why are web wallets not safe? Most are scams, and your private keys IS STORED by them. And you just have to trust they won't do an exit scam where they just take everyone's private keys and leave.

2. Buying Bitcoin

Lookup how to buy bitcoin. Some methods, like PayPal, require 30% fees and identification with governmental IDs. You can only buy with PayPal on few sites, like Bitcointalk and Localbitcoins, and Virox. But due to the conflicts and possible scamming, there's a high markup.

You can buy bitcoin by cash by meeting strangers in real life. Like buying an item on Craigslist. There's a bit of a risk here where you hand someone money and htey just walk away laughing.

The easiest and safest and lowest fee way of buying bitcoin is buy linking your bank account with an exchange and depositing fiat. Then you would need to buy bitcoin with your fiat credits. Typical exchanges only charge less htan 1% fees which are typical of trading fees.

Once you've bought bitcoin, you can either keep it on an exchange, or send it to your private wallet (via public address). That all depends on whether you're into long-term hodling or short-term investing.

3. Being aware of bitcoin's price

Assuming you didn't transfer your btc to a private wallet, now that you have bitcoin at an exchange you can trade it everyday.

It's not hard to do, you'll notice there are clear signs that bitcoin price will pump or dump. But read news, lookup how to figure out and predict when the price will rise and fall. Then trade accordingly.

It's best, as everyone suggested, to leave bitcoin in your wallet without trading it and just wait until it's at the desired price you'd like to sell it at.

I think you should read this topic: How to earn Bitcoins - Part 1]

And some tips for beginner here: https://bitcointalksearch.org/topic/tips-for-begginers-2843431

you can learn on google. facebook, twitter, youtube...at forum bitcointalk no.1 .Be sure to equip yourself with knowledge before entering this market

Investing to Bitcoin is not that easy, 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.

Here's a link that may help you to buy your own bitcoin or invest to Bitcoin:
http://fortune.com/2018/01/03/bitcoin-buy-how-to-cryptocurrency/

If you want learn how to invest BTC Just read all forum so that you discover what BTC going on. They have many tips and advice from this bitcoin forum. Just be careful and be patient for the investment so that you can get higher profit for invest.

This thread is posted many times by other person, you must read the forums rules and regulations first and then start to study and learn about bitcoin. you can use the search bar to find what you want to know if you dont found a similar question that you needed then you can start posting.

You simply buy bitcoin and let it go in the long run, and if you want to get a bigger profit you better buy altcoins with bitcoin and at the same price "go up you will get big profits.

The trick is very simple you simply register bitcoin account. And buy for a few bitcoins and you just keep in the wallet and wait until the price goes up

Google has the answer most of the time. You need to research more and read more. Take time to read white paper and projects of new coins or altcoins as well. And last but not the least. Invest only what you are capable of lossing,

for newbie in bitcoin like us, just continue to read and follow a thread ask some question to the elder, one step at a time sooner we will become expert on this     BTC

How can u do this

I invested bitcoin when I learned and had knowledge about it. I understand the birth as well as research on really good projects do not let me invest.

I want to know more about BTC but don't know where to start. Can you help me with this?