Things you should know before investing in bitcoin - page 4.

AliMan

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

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.

uberwala

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Another important thing to know is how to keep your investment safe both on exchanges, online wallets and hardware wallets. Never share your password or seed with anyone under any circumstance. If you do share it with someone then you need to change it right away because no one can be trusted in the crypto world.

Ronaldcoin2017

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I think before investing into bitcoin we should know first that this feild is unstable and everything may change without a prior notice. So before we invest into it we should know first that we need a big patience and strong faith on bitcoin, maybe we need to learn first on what was bitcoin is?, before doing a profitable action such as trading , investing etc.

dukker

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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

susila_bai

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The first and main point to known before investing in bitcoin is that it is high risk investment as the price fluctuations is very high and most of the country have made it illegal so first check whether it is legal in your country. Next investing only that much which if goes zero should not affect you.

Savemore

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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.

Bitcoin is not like other investment, it is so risky because its price is unstable. If you will observe the graph of the bitcoin, it always changing because of the supply and the demand in the cryptocurrency market.

Bruce1614

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Obviously, to put resources into bitcoin, you have to find out about Bitcoin. With a specific end goal to put resources into bitcoine, the venture must be set up as per the arrangement. Bitcoin should know the strategy, since all organizations have a hazard. You have to know how digital money should know how it functions. To know the distinctions in Bitcoin costs and think about the bitcoin's value surveillance.

Remainder

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Their are many things you must want to know before to engage in any investment, I experience many times of failure before, I got scammed by btc hype, btc doubler and others and that is my lesson learned, for now I focus on bounty hunting jobs and trading that i know i can get good money with minimal risk.

cryptostardom

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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.

Crypto currency investments is risky however it is very lucrative, since one can acquire exponential increments in money or very high percentage increments. However they must be approached in a practical manner otherwise one can lose some or all of money invested.

darkangel020716

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Quote from: Boov on July 07, 2018, 11:57:45 PM

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.

This is such a basic , okay let us say this statement is correct , how are you going to know that the price is down or not? because as we can see at the current situation of the market , although we can say that the price of bitcoin goes down it does not mean that it will not go down . You should know the factors that affects the price of bitcoin, first is reputation , which bitcoin already have but sometimes because of black propaganda it decreases , second the volume of investor , you should know why there are investors that are pulling out before investing. theses are just basics , the bottom line here is you need to conduct thorough research before investing.

Yes, things you should know about investing in bitcoin are the capability of the coin to change its price, It is so volatile, everyone should be aware of that.

marlonbatotoy

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I know all of us wanted to be rich and it's good if it's in easy way.. The first think you should know in bitcoin if you want to invest is accept the reality that your money is in a risk.. And there is no assurance that your money is going to grow or fall.. Also try to search about how it works

sahan sandeepa

newbie

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okay, first of all, you shouldn't take this extremely serious and complicated way, this is not rocket science, right?. All you need is do a little bit of research about coin market cap and mainly about the path of bitcoin. those tips for the calculate the risks which you should overcome if you have a necessity to be a trader or investor on bitcoin.that is all you should know as a beginner for the cryptocurrency. by the time goes by you will realize how to depend on crypto by experience.

Techfrog

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You all should understand that you are not going to be a rich person if you invest on bitcoin, that ist he best thign that you need to understand before putting your money in here, so be careful about this because most of the people think in 10% profits per day.

adjong

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for me before I invest in BITCOIN I will first check on its processing and ask the BITCOIN wise people, because I can hear a lot of people who can not easily join bitcoin because others lose their investment because I do not know how to do it. I'm going to be a bitcoin invest in my first check and learn, I'll start with a small investment to learn and how to do it for me to invest heavily.

denzkilim

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Here are my top 10 "What you should know before investing in Bitcoin" Grin

1. Invest at your own risk.
2. Invest only the money you can afford to lose.
3. Don't listen to "Fake News" spread by the media.
4. Never ever regret on your decisions or you end up frustrated.
5. Invest on dip "If you see the Bitcoin chart going down it is better to invest at this point".
6. Make a batch Investment(If you know this).
7. Buy a hard wallet to keep your Bitcoins safe(If you're investing a lot of money this is a must)
8. Accept the fact that Bitcoin is decentralized and no one controls it.
9. Know that Bitcoin is very volatile and its value would decrease or increase in a matter of minute.
10. Never ever tell your wife or girlfriend that you invested on Bitcoin or else you're doomed if you lose a lot of money rather than gaining. Cool

If you know this stuff, you're all good. Cool

skibikipapa69

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I think the most important thing you need to know before investing in bitcoin is that it is unpredictable. The price of bitcoin change every now and then with no guarantee. Also before the nvesting in bitcoin you must also know the ins and outs of bitcoin. Having a lot of knowledge about bitcoin really helps a lot.

Jacsnuffles

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The only thing that I could add to this is this:

Learn from experts before you get yourself into investing Bitcoin. We can't really consider ourselves as expert traders. Be kind to coaches. Find one that you trust, there are experts out there who want to teach the "willing to learn" student. This is what I did so I consider this one helpful.

DewiKirana

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True, indeed in investing bitcoin has a considerable risk due to volatility and inability to predict prices. So it's better to think in advance if you want to invest in it, I suggest if you want to invest in bitcoin better use money from side work, as I currently do is work on the signature campaign and from the payout, I will allocate to invest bitcoin.

justapache

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Quote from: alizalela7 on July 07, 2018, 11:12:33 PM

Before you invest in bitcoin, you should know the bitcoin blockers and you should know the current bitcoin pricing situation and how they should be considered when dealing with bitcoins.

That's not all about Bitcoin ,learning about bitcoin isn't only about the price, it's about the technology and how it works also. Learn those things first then take your first step in Bitcoin later.

Boov

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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.

This is such a basic , okay let us say this statement is correct , how are you going to know that the price is down or not? because as we can see at the current situation of the market , although we can say that the price of bitcoin goes down it does not mean that it will not go down . You should know the factors that affects the price of bitcoin, first is reputation , which bitcoin already have but sometimes because of black propaganda it decreases , second the volume of investor , you should know why there are investors that are pulling out before investing. theses are just basics , the bottom line here is you need to conduct thorough research before investing.

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