Things you should know before investing in bitcoin - page 28.

jamids

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Quote from: xAnima on June 09, 2018, 11:34:38 AM

Well, i suggest users before they even start using or learn about Cryptocurrency, they must at least be interested in the stuff they will learn about because if you got no interest whatsoever in Cryptocurrency and your only following some rules to earn money, then that would be a waste of time. If you learn more about Blockchain Technology, you can create your own Crypto which is actually good for a starter. Investing must be made with a decision that is firm and you must at least know the risk that will come.

Before investing into something, make sure you know the risk involved because you might be having high hopes for that investment but you don't know the nature of it. Bitcoin has high risks but due to the possibility that you will earn higher from it in a short period of time compared to other investment vehicles, it is a lucrative investment and many are getting interested to invest in it. Making sure that you understand how bitcoin works or at least gain value is important so that you will know in what events there is a possibility that you would want to pull it out to avoid losses.

abojamal

member

Activity: 322

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Great tips, especially those that talk about not investing more than you can afford it loss
Many people have lost large sums of money because of their inexperience and greed in fictitious profits
Well there are important tips a trader should take such as
To learn speculation and study it carefully and extensively
And investing in safer currencies
As well as the distribution of risk on more than one currency and the lack of concentration in one currency

Ianbadz2000

newbie

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Quote from: agimat on June 08, 2018, 10:12:46 PM

Quote from: CNJP15171821 on February 09, 2018, 09:54:36 PM

Very well said. Invite at your own risk and what you can afford to lose but before you invest you need to check first the background.

First you should know always the risk before you invest the said coin, knows not only the positive output but also the negative sides of this investment. Because some are only expecting the profits.

Very true mate we all know that when you join in investing or trading it has a very big risk to us so whatever may happens accept the winning or loosing part,..

mudasarali43

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I think there are a lot of things are compulsory to know before investing, Where you are going to invest you must have a good knowledge, Coin detail and Value in the market there high and low and team working and the how much bitcoin price is affecting to this coin and some other technical analyzations are best to know before start trading,

MostafaGamal

sr. member

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Well, but I think it's all warnings about dealing or trading, and that's good for new people to take care .

xAnima

newbie

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Well, i suggest users before they even start using or learn about Cryptocurrency, they must at least be interested in the stuff they will learn about because if you got no interest whatsoever in Cryptocurrency and your only following some rules to earn money, then that would be a waste of time. If you learn more about Blockchain Technology, you can create your own Crypto which is actually good for a starter. Investing must be made with a decision that is firm and you must at least know the risk that will come.

careCentre

newbie

Activity: 149

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When considering investing in bitcoin, you must know or study what cryptocurrencies are, pros and cons of each cryptocurrency, you must calculate the risk that you might take, and accept the fate that you might lose here. Investing is making yourself comfortable to that currency and wait for it to become big. But there are chances that the thing where you invest will not be successful. With this, you might feel burnout or anything. You should be ready for these kinds of scenarios. Study it well, before going to invest in a particular cryptocurrency. You should also know how to store and trade bitcoin. You need to know the market information of it at present. And of course, you have to be mentally prepared because the price of bitcoin is always changing.

Labay

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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.

Are you sure? what if the bitcoin has gone? you should know about the bitcoin because it help you a lot on how you should sell and what coin you would buy. We know that it is easy to do but there are things you should know not about the bitcoin only but in the whole cryptocurrencies. You can earn a lot if you know more than others and it is advantage of having more info.

loraalbert

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Before investing in bitcoin you must understand the value of use and the fluctuation of bitcoin. More important is mastering the deals and always be cautious with your hosting assets. Keep your privacy and preserve bitcoin with familiarity. determine the target and form, more patience to achieve profit.

CADguy

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Well, firstly, if you are going to invest at your own peril and risk, you must understand that investing is worth only the amount that you are ready to lose without unnecessary emotions. besides, despite the prospects of current currency, it is worthwhile to understand that there are things that can not be influenced. for example, the prohibition of crypts in your country, the breaking of the exchanger, or you just lose the key to your wallet. so before investing carefully study all aspects: when it is better to acquire a cryptocurrency, what strategy to adhere to, where to store, and so on.

northstarh

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I think you have to know how to store and trade bitcoin. You need to know the market information of it at present. And of course, you have to be mentally prepared because the price of bitcoin is always changing.

kempess

newbie

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Exchange rate bitcoin consistently continue to increased. fact this electrify world because the emergence of a billionaire-billionaire new after successful invest bitcoin.
is investment bitcoin safe?
there are some to note,others:
Warning security issues storage :
bitcoin stored in an account called wallet bitcoin (bitcoin wallet). wallet bitcoin can be used to store bitcoin and you can download for free on Google play store or Apple store. counted there are hundreds of companies in the world that makes wallet bitcoin until now, but for the sake of the security of your account, advised to look for the application that has a number of most downloaded and star review of the highest.

Bugcoin5

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Quote from: Jackypot on February 09, 2018, 12:37:34 PM

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.

First DO RESEARCH spend time to read and understand what blockchain is, what are cryptocurrencies, security measures you should take before investing in cryptocurrencies and so on. Remember that no research is enough and you need to keep updating yourself constantly
Second BE RESPONSIBLE Cryptocurrencies can belong in any investment portfolio but should be treated as high risk
Third BE VIGILANT Vigilance can come in the form of selecting the right blockchain company to manage your investment.

lance04

full member

Activity: 462

Merit: 112

I think the things that you should know before investing in the company of bitcoin is their legality, capacity, performances, backgrounds and feedbacks to know and secured that your investments is in the good hands and trusted company. Through this it gives a idea that they are good company

jakoylantern

full member

Activity: 560

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For me, the things you should know before investing in bitcoin, the significant principles of having the bitcoin are the following: First, ensure that bitcoin is legal in your country. Of course, we don’t want you to end up behind bars. Second, look for a local wallet. If there is a local wallet in your area, it would be a helpful in converting fiat to bitcoin and bitcoin to fiat. Third is the amount of your investment. You should be prepared that the money that you will invest could be wasted or could be double or more in few more months. Lastly, stay safe and work hard.

agimat

newbie

Activity: 115

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Quote from: CNJP15171821 on February 09, 2018, 09:54:36 PM

Very well said. Invite at your own risk and what you can afford to lose but before you invest you need to check first the background.

First you should know always the risk before you invest the said coin, knows not only the positive output but also the negative sides of this investment. Because some are only expecting the profits.

ehrz22

full member

Activity: 406

Merit: 105

Quote from: Webetcoins on June 08, 2018, 09:37:02 AM

Quote from: yummydex on June 06, 2018, 05:21:46 PM

Quote from: Jackypot on February 09, 2018, 12:37:34 PM

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.

if you don't have money to invest in bitcoin you can still earn money from it by joining to signature campaign.Just follow the rules and guidelines of the campaign to avoid disqualification.

Yeah we can earn money from bitcoin and crypto currency even if you will have nothing, you are skilled and you have knowledge then you can earn good amount of profit using different campaigns like signature campaign and bounty campaign, you will have to use your knowledge and your skills only so you will earn good amount of money every month earn without investing anything.

Yes, and we need to be more dedicated with this kind of online earnings as this will help as with our everyday life expenses if we can find good ways to earn good money. I am thankful I joined this forum and seen lots of potential ways to earn.

mackenzie5

newbie

Activity: 156

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An investor should aware the in and out of the bitcoin prior to his investment because it is a new form of economic concepts incorporated with the modern technology which is totally contrary to the existing economical theories .Bitcoins major attraction is its certain specific features which are ensuring the security and clarity and finally the global legitimacy Its main features are the decentralized one means there is not any controlling authority to interfere, its anonymity ,and its all transactions are recorded in an electronic ledger with block chain technology.The investor should have the basic education and the computer literacy.

Coin-1

legendary

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Merit: 2259

Quote from: Jackypot on February 09, 2018, 12:37:34 PM

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

But if you invest in Bitcoin or other crypto currencies small amount of your money, you won't gain much profits if the prices will soar up. I think 1% is absolutely low chunk of your wealth to be used as an investments in the crypto currencies. At least 10% of all your money would be a better choice. Also keep in mind that your investment portfolio should be diversified. Don't be focused only on Bitcoin, buy some promising altcoins or invest in the ICO campaigns.

Thira

newbie

Activity: 92

Merit: 0

Quote from: Tharel on February 09, 2018, 06:32:32 PM

Before you enter the world of cryptos, it is necessary to have a background before you shell out money. Study what make cryptocurrencies unique. Know the advantages and disadvantages; how to transact bitcoin and other cyptos.

Yes i agree of this many things we should know, not only in positive side in investing bitcoin, you should also know the negative side of the said coin, so that there is no regret in the end, because many investors in this coin look only how much profit they earned and not knowing the risk.

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