Here's a few of my tips personally:
1. Don't invest more than you can afford to lose. This should be applied to any sort of investment or gamble you take in life. If you cannot afford to lose what you have, do NOT invest. Even the best traders sometimes lose money.
2. You don't need a hardware wallet for coin storage, especially for long-term storage. Paper wallets work just fine in the long run, though they should ideally just be topped up once and spent once. Make sure if you're going down the paper wallet route you're storing your paper wallet in a place with low humidity and low light levels so the wallet's still usable in the future when you transfer the coins off it to an exchange or another address.
Hardware wallets are good for if you're holding coins but also occasionally transferring coins out at the same time. Ledger and Trezor hardware wallets both work just fine.
3. Don't instantly sell off the moment coin prices drop! Holding generally works out in the long run, and BTC's going to make you go through a rollercoaster of emotions in most cases through prices fluctuating. If you need money badly, then by all means sell part or all of your coins, but learn to control your emotions. You'll be rewarded for doing so.
Topic: Top 3 advices Regarding Bitcoin Investing - page 2. (Read 747 times)
Since you are a newbie asking I wouldn't go into detail what you need to do when it comes to investing in BTC. Instead you need to educate yourself before even thinking about entering the market as the only person you can trust is yourself and just relying on what others are saying is like following them blindly which could be disastrous for your hard earned money. Start by reading books/ebooks especially the ones for technical analysis for the stock market before you dive in reading books related to cryptocurrencies. Learning the basics will let you survive on your own.
Here's my 3 advice's that must implement to those who’s new and wants to invest in Bitcoin:
1. While crypto has been in a bear market for around a year, there are a lot of chances.
2. But I prefer to invest only that amount you afford to lose.
3. A bear market is a market that is in decline, prices are continuously dropping so avoid bloody streets.
1. While crypto has been in a bear market for around a year, there are a lot of chances.
2. But I prefer to invest only that amount you afford to lose.
3. A bear market is a market that is in decline, prices are continuously dropping so avoid bloody streets.
1. always read the crypto relates news before buying bitcoin
2. understand risk management and risk reward ratio
3. scure your asset with high level security gadget
2. understand risk management and risk reward ratio
3. scure your asset with high level security gadget
If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?
Invest in Bitcoin? Did you think invest in ICO? I see some ICO is accept payment in Bitcoin and other token like Litecoin or anything.But if that mean Buy some Bitcoins, there are my 3 advise
1. Don't buy while that price is moon
2. Don't Greedy
3. Just hold and buy more while dump
1. Be mature before invest & research market yourself to learn when you have to invest.
2. Don't be much greedy, there is no way to be quick rich. Don't depend on your investment for your real life.
3. Don't lose your patience on bear market. Hold tight and wait for bull run.
2. Don't be much greedy, there is no way to be quick rich. Don't depend on your investment for your real life.
3. Don't lose your patience on bear market. Hold tight and wait for bull run.
- Have a well laid down objective, preferably a long term plan. Use current situation and tools to speculate on the future and invest according to your prognosis.
- Don't invest what you can't afford to lose. This statement is hackneyed, but can not be over emphasized. Regardless of the market condition, only invest spare money.
- Grow your knowledge. Read books, articles, watch videos, listen to podcasts. You are part of a digital awakening, get the most of it.
- Don't invest what you can't afford to lose. This statement is hackneyed, but can not be over emphasized. Regardless of the market condition, only invest spare money.
- Grow your knowledge. Read books, articles, watch videos, listen to podcasts. You are part of a digital awakening, get the most of it.
My advice - buying Bitcoin is not "investing", it is speculating. Unless you are buying it to purchase goods on-line of course.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
If I was to advice a newbie trying to invest in bitcoin, my advice will go in this manner;
In addition, I'll let him understand the need to see bitcoin as more of a currency and don't get carried away by the asset value.
- Stay focus on investing in bitcoin, don't get distracted by all the hype altcoin trying to be next bitcoin you might end up losing your money by investing in them
- Never use exchange or web/App wallet as a permanent storing wallet for your coins, you can store few when you're planning on trading or using it for everyday activity.
- Don't bite more than you can chew, invest with a capital you're ok with losing.
In addition, I'll let him understand the need to see bitcoin as more of a currency and don't get carried away by the asset value.
sr. member
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1. Do not just invest because it is bullish. People tend to ride on what is in. Many people noticed cryptocurreny on 2017, wherein people invested much of their time and money just to get into a new trend, which is bitcoin. Some people gained from it and there are people who have lose money from it.
2. Take the responsibility. Be your own bank. There are no banks, no third party, insurance company or support that will help you protect against any financial loss that may occur.
3. Emotions. Learn to control your emotions, especially when reading the news and when you’re into trading. It plays a major role on any investments. I know people react to what is in front of them, which will greatly involve your feelings at that particular moment. Do not be impulsive, take time to do what you think will be constructive in any particular situation that you are into.
See you around.
2. Take the responsibility. Be your own bank. There are no banks, no third party, insurance company or support that will help you protect against any financial loss that may occur.
3. Emotions. Learn to control your emotions, especially when reading the news and when you’re into trading. It plays a major role on any investments. I know people react to what is in front of them, which will greatly involve your feelings at that particular moment. Do not be impulsive, take time to do what you think will be constructive in any particular situation that you are into.
See you around.
1) Bitcoin is not an quick rich scheme.
2) Bitcoin investment are highly risky due to the unstable price nature.
3) Don't invest all your savings here.
2) Bitcoin investment are highly risky due to the unstable price nature.
3) Don't invest all your savings here.
1. Learn and research
2. Do not trust anyone blindly. Always verify.
3. Invest only what you can afford to lose
2. Do not trust anyone blindly. Always verify.
3. Invest only what you can afford to lose
1. concentration
2. learning market movements first
3. risk must be prepared if the defeat is obtained
2. learning market movements first
3. risk must be prepared if the defeat is obtained
There are such things that you might explain to them before they engaging to invest in Bitcoin.
Short and simple advice:
1. Must understand Bitcoin and the technology how it works- Explaining how volatile it is that might have a good or bad result on price.
2. Possible risk- What ever happen to the investment don't blame others, know your own risk.
3. Secure your investment- giving advice on which wallet that most safer than others to store the investment.
Short and simple advice:
1. Must understand Bitcoin and the technology how it works- Explaining how volatile it is that might have a good or bad result on price.
2. Possible risk- What ever happen to the investment don't blame others, know your own risk.
3. Secure your investment- giving advice on which wallet that most safer than others to store the investment.
Look up the story of the homeless Dutch bitcoin guy. That's how you should NOT do it.
If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?
1. Understand the risk - This is not a get rick quick scheme
2. Don't listen to others, don't ask financial advises here. I'm seeing a lot of newbies here asking what coins do they need to invest, blah blah. Everyone will give different answer.
3. DYOR - Do your own research. So instead of listening to others, take time to investigate around, you can ask if something is not clear to you. But you yourself should make the final decision and not because you have been swayed by others.
1. The cryptocurrency market is quite risky and many speculators in the past had lost their money all because they assumed that this is a walk-in-the-park kind of thing. As in any investment vehicle, education is the key so that more we learn the more we earn.
2. Never trust anyone or any program that promises you the stars in the heaven when it comes to return of investment. Remember that this industry has a very remarkable dark side: the scammers who can appear to be angels of lights but are just waiting to get hold of your hard-earn money.
3. Don't test the waters with both feet or in other words don't throw everything in here. Always have many baskets for your eggs so you are minimizing risks...plus don't hurry as passive investments can take a lot of time.
You will only hear once advice from me and I think that's one of the most important things. Do a lot of research about bitcoin before investing your own money into this. A lot of people make this mistake and then lose their money either because they have bought from the wrong platform, either because they made a mistake during their transaction, either because they private key is lost and many other things that could be easily prevented. So do your homework, learn everything about it start with a demo wallet/platform and when you understand how it works you decide if you still want to invest or not.
1. Don't go all in, and always take risk into account and remember that you're investing in an extremely volatile asset. You can be a huge enthusiast but still not be a "moon boy".
2. Actually learn how wallets work and how to secure your funds before buying in. The last thing you would want is your funds being stolen.
3. As much as possible, keep your investments a secret. You wouldn't want family members and "friends" to be at your door begging for money. Also, for security purposes.
2. Actually learn how wallets work and how to secure your funds before buying in. The last thing you would want is your funds being stolen.
3. As much as possible, keep your investments a secret. You wouldn't want family members and "friends" to be at your door begging for money. Also, for security purposes.
my 3 advises will be:
1) Do not invest more than you can afford to lose
2) inform yourself
3) Do not invest more than you can afford to lose
1) Do not invest more than you can afford to lose
2) inform yourself
3) Do not invest more than you can afford to lose
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