Things you should know before investing in bitcoin - page 2.

Jake Virus

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Quote from: waynechong1995 on July 10, 2018, 08:54:23 PM

My advice for starters is if you are not super professional in trading or stuff, a stable job is required to deal with inconsistent income from cryptocurrency, also crypto mpved insanely fast which require consistent monitoring, you might need to always either stop losses or have yourself ready to react swiftly

People who want to invest in bitcoin must have all the knowledge, patience, trust and strategy in order to deal with it. They should also know that bitcoin investments involves a high-risk. Bitcoin value fluctuates aggressively. A crypto users will be experiencing so much price pump and dump.

denzkilim

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Quote from: AliMan on July 08, 2018, 10:06:22 PM

I personally am not in favor of promoting bitcoin as an investment. Every time I've talked with my friends about the importance of bitcoin, I've done it with the purpose of expanding their ideas about the future of money, and how we can integrate into modernity through its use. But for those who still see cryptocurrencies as an investment instrument, they should look closely at what has happened in the market recently before risking their money.
Grin

I'm done and I already stopped explaining it to my friends because of the crab mentality that some of them possess. And now they are the ones who are approaching at me to learn about the advantage and privileges of owning a Bitcoin or an alternative cryptocurrency. Cheesy

Quote from: dukker on July 08, 2018, 09:08:55 PM

There are lot of information that you should know before investing in bitcoin but most of them will be revealed during your involvement in here. Well basically some things to know are the price, situation, market and value. Those are just things that you should consider before getting involve in here.

Bitcoin is supposed to be a currency and not an asset but these days because of the hype and fomo Bitcoin became an investment medium and it is losing the main objective of this technology "to be used as a digital currency" to simplify our monetary and payment system and now it became a digital asset and a means of investment. I hope that Bitcoin will regain its true purpose in the future and not just an investment asset.

waynechong1995

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swing!

My advice for starters is if you are not super professional in trading or stuff, a stable job is required to deal with inconsistent income from cryptocurrency, also crypto mpved insanely fast which require consistent monitoring, you might need to always either stop losses or have yourself ready to react swiftly

Layers318

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CurioInvest [IEO Live]

Bitcoin is a decentralized digital currency which is controlled by no central body but its users, hence its value is mostly derived from how users treat it (buy and sell) on the market. Before investing in Bitcoin, you must make sure to invest with money you can afford to lose just as with any other investment. Also, study the crypto market trend and seek counsel if it's your first time of investing.

skibikipapa69

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Before going or getting involve into something, it is much better to have a knowledge or at less know even a little about it. Knowledge in bitcoin helps you a lot in making decisions and helps you commit less mistakes. As you know your money is involved in this so it is much better to learn it before investing to avoid loss.

Babyfaceless

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Before you enter in crypto you need to understand what is bitcoin the bitcoin is cause of all if their is no bitcoin no eth alt coins etc. and before you investing in bitcoin research first and you need to accept that if you lose in crypto and also small your income is small if you need find a mentor to teach you how to investing it can help to you're not going to lose and cannot waste your money.

rockyboy

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Quote from: TheClownSong on July 09, 2018, 07:46:02 AM

I am agree that we should invest with money that we can afford to lose. Investing on cryptocurrency is very high risk and using our idle money is wise decision because its long term investment.

True, for me it is much better to invest and leave it for a long term investment. Remember that in investment there is always a risk so if you can afford to invest, be ready for anything because no matter how good are you in trading, you can also get some losses.

Bella Thorne

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Quote from: TheClownSong on July 09, 2018, 07:46:02 AM

I am agree that we should invest with money that we can afford to lose. Investing on cryptocurrency is very high risk and using our idle money is wise decision because its long term investment.

Well the things we should know before investing in bitcoin is the value of it is unpredictable and off course people should know that the best time to buy is when the value of bitcoin will be very low on the market and the best time to sell it is when the value of it will be really high.

blue_dragon

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Quote from: siddu67 on February 09, 2018, 03:57:44 PM

There are no complex things to know before investing in bitcoin.First you should kmow that we have to buy bitcioin when the price of bitcoin decreases and should sell them at a good profit.These things are enough before investing in bitcoin.

Yeah there is no complex things to know in starting an invesment but you must know where you will invest, know who they are, know what is there history about their company.

Lucifers

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Things you should understand before investing is about the risks that will be able to and do not sell when you panic because it will only make you get a loss. Two things that you must be very understanding.

Yudai

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You need to know everything of it. From how does bitcoin works, pros and cons in investing in bitcoin, how does system works, I mean literally everything. You need to understand it before investing.

gbccoin

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Bitcoin is safe and secure no question of scams. You can adopt it when the price is low and hold for a good profit. And if you need more profit then you can hold them for long.

PatyZante

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You should know what it is, how it works, and how can it change your life. You have to ensure that you put time and effort in knowing these things before you jump into the waters, after all investing your hard earned money is something that is not easy, we have to make sure we did all our assignments first know what we are getting our selves into.

brianross7

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In my opinion, The first thing you must to understand about Bitcoin that its very risky market to investing but the greater risk also creates greater profit.
Secondly,You should spend time to study cryptocurrencies and analysis market carefully . Having wide knowledge helps you come up right decision.

Bakugan

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Look ARROUND!

Quote from: siddu67 on February 09, 2018, 03:57:44 PM

There are no complex things to know before investing in bitcoin.First you should kmow that we have to buy bitcioin when the price of bitcoin decreases and should sell them at a good profit.These things are enough before investing in bitcoin.

Know the real purpose of bitcoin. Know "when" to buy or sell in bitcoin , you need to know that investing is a risky thing. Patience is a virtue.

Mat_Myers9844

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Thanks for sharing us because we don't about this info

franciscoDC

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First of all you need to know how to invest ,how the market could circulating and how to invest with earnings,and also make sure that you have enough knowledge this is to prevent losing your money,so now get start to learn about it and you could know more about this by reading some threads here in bitcointalk.

Giftedcrypt

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The things you should know before investing in Bitcoin is nobody you can complain to if anything happenes to your money, if you send it out to the wrong address,u might not get it back, it needs internet connection, and carefulness counts..

Kuchiyose

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Quote from: TheClownSong on July 09, 2018, 07:46:02 AM

I am agree that we should invest with money that we can afford to lose. Investing on cryptocurrency is very high risk and using our idle money is wise decision because its long term investment.

That's the risk that we have to go through to produce a good profit in the future. we can only hope a lot in the future.

james_Oscar1

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Before investing bitcoin or crypto currency every body needs to know some basic things regarding that currency. We needs to know the fundamentals of that coin. We also analysis the chart of that coin which give the clear message of its past. In order to grow our investment we need to make sure that this company can sustain their resources and also we need to have the assurance of our investment.

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