Things you should know before investing in bitcoin - page 36.

s2sallbygrace

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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.

I have to agree with you that the risk of investing on bitcoin is very high, that's why you have to be knowledgeable first in cryptocurrency before investing. If you don't know anything about cryptocurrency it would result to failure and a lost of your capital investment. Study, observe, learn, then apply everything you learn from cryptocurrency before you invest.

vending

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I agree with you, need to understand first about this crypto currency. digital crypto system here is very sadistic, for example, I never experienced the process of sending wrong, in because with the wrong address.

maxreish

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You should prepare yourself for the possible in your investment in bitcoin, one was working the literature grow your investment and there is also literature loss on your investment in this field. And before you invest in bitcoin is known first yourself eligibility in this kind of investment, and most of all you should have a patience " Patience is Virtue "

Escan0r

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If you want to invest, do a search on some websites. Because if you already know the basics about bitcoin, it will minimize the losses you get. But I hope you do not get the loss. Luck is on you!

Roomshambles

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You have to think as a bitcoin investor, naturally you should find information about Bitcoin. If Bitcoin is why, you can act faster. As a result of losses if things happen that are not desirable, can be minimized.

Coinlover9

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You have to take into account the fluctuations of the market if you have the stomach for it then only join.

muhammedb

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before you think for investing in bitcoin the following should be put into consideration:
1) that you are ready to take the risk of losing fifty percent of investment
2) you should know what cryptocurrency is all about
3) taken your time and study and understand bitcoin market
and lastly don't be in a hurry to sell when you see grooming down to avoid lose

budz0425

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Quote from: dodz031718 on May 19, 2018, 09:18:42 PM

It is necessary to have a background before we shell out money.Study what make cryptocurrencies unique.Know the advantages and disadvantages on how to transact bitcoin and other cyptos.We should take the risk when we investing in cryptos.Risk is always there in investing in cryptos because we don't know the price movement of each coins.If we are planning to invest we must aware on this statement.

When it comes to background checking I don't think that it is still necessary since we all know how much bitcoin becomes stable, so for me at least to know how much the investment could grow in the future and how much you are willing to take risk of your money.

enwi

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before investing it must know the risks that will occur in the investment because investment in crypto has a high risk and we should be able to know and analyze the crypto that we will buy whether it will be profitable or not, I think long-term investment will be more profitable

teklang01

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Don't invest in anything you don't fully understand. That is why you must do a lot of readings and research, weighing the pros and cons, before jumping in any investment. So far, bitcoin regards to be the most exciting and profitable investment of the modern times I would willing to risks my savings for this.

dodz031718

newbie

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It is necessary to have a background before we shell out money.Study what make cryptocurrencies unique.Know the advantages and disadvantages on how to transact bitcoin and other cyptos.We should take the risk when we investing in cryptos.Risk is always there in investing in cryptos because we don't know the price movement of each coins.If we are planning to invest we must aware on this statement.

thecoder2017

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There are many things to consider before investing in bitcoin because investing here is a high risk so before doing it be sure to check first the project the one who manage it and everything about it because it hard to lose your money.

zap2per

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The main thing to know before investing in bitcoin is that you'll lose money before you get it back and eventually profit.
It's not that hard just be smart and do your research before you invest in something.

Harley29

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Quote from: JiuMiBe on May 18, 2018, 08:40:32 AM

Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

If they lose money it can be their own wrong planning for earning as bitcoin is full of profit and one can never lose money if he will know about the rise and fall nature of bitcoin, as some people invest the whole saving if life with bitcoin just because of lack knowledge they lose money and get lose for panic selling at falling price, and some invest really small but they earn huge profit just by holding at the time of crises and falling price so better hold and before investing learn a lot so them you will not lose even if you invest all in one and only bitcoin so plan well, earn wide.

brickafterbrickwalldpt

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Quote from: oginiimaoyani on May 18, 2018, 12:27:44 PM

The knowledge of what you are to invest is very necessary, knowing the advantages and disadvantages so when you go across sure you wouldn't get panicked.

Even knowledge can't protect you from panicking. If you are a new and don't panic then you probably haven't invested much. Many people are actually confident about their investment in Bitcoin because they believe that it is the future of our financial system. Bitcoin is slowly being regulated by more and more countries which is good because it will encourage more investors to buy it, they won't be afraid anymore. We should not treat Bitcoin only as an investment. Many people actually use Bitcoin daily because they have no other choice.

paulo29

newbie

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For anybody who wanted to be in bitcoin trading for the first time,they should make the necessary study of what they wanted to engage with. First and foremost,do not get into something whom you do not know very well, make necssary study and research about the bitcoin trading, second do not get into debt just to buy or invest in bitcoin because bitcoin is very volatile and you do not what will its value in the near future. Lastly,ask somebody whose experience about bitcoin is well establish already and ask for advise and opinion on how to benefit in bitcoin trading and investing.

oginiimaoyani

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The knowledge of what you are to invest is very necessary, knowing the advantages and disadvantages so when you go across sure you wouldn't get panicked.

jvdp

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Quote from: JiuMiBe on May 18, 2018, 08:40:32 AM

Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

Stock market and mutual fund are not really worst way to make money. If you having big interest on the stock market better you can invest that money on gambling platform and enjoy the day mate.
I do not think you need to know anything about the bitcoin before investing on any crypto currencies.
Please invest your money on bitcoin and eth at anytime mate. You can make more money for sure once btc bumped.

FlightyPouch

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Quote from: zhopas on May 18, 2018, 08:00:43 AM

The only thing that you should know before investing is to know how it works because it helps you a lot when you already doing it. You should also know how to deal to other people and who you should trust. Investing is a serious decision that if you won't think it twice or trice then you had a chance to lose your money.

Knowing how Bitcoin works if you will be just investing on it I think is a bit overboard. I've invested on Bitcoin knowing just how the price moves since that is the important thing since you are investing and you must expect the profit. While you wait for your investment to move you can read more about it, its origin,how it works.

JiuMiBe

newbie

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Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

Topic: Things you should know before investing in bitcoin - page 36. (Read 2721 times)