Top 5 Tips For New Bitcoin Investors - page 4.

FiiNALiZE

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Quote from: PlusCoinINK on November 22, 2017, 08:28:35 PM

While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility

Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80

I would take number 2 out of that list. Proceeding with caution will only hesitate the investor. A real investor would already have his money diversified and that proceeding with caution step would be redundant to step 3.

Mike Mayor

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Good bringing this to peoples attention. It's needed and a must for anyone investing their hard earned money.
Never spend what you cannot afford to use so that means don't go using your food money. Use extra money you have after covering your basic expenses. If you use nney you need it night bot end uo well. Yes you can make more investing with nite but if you don't so we'll it can go very badly. If it's money you can afford to lose you can invest again and give it another go.

reveluvexo

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well thank you so much for these informations. I just started this is literally my first post, I'll also make sure not to get fooled by scammers out there.

Zekemporium

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Quote from: jlanzago on November 22, 2017, 09:52:49 PM

I would add that you should never, ever give your private keys to anyone, and that you should always be aware of scams, phishing attempts, website spoofing, and all those things that allow hackers to steal your money.

Yes I totaly agree with you. Newcomers should firstly protect their account by setting unique user id and password. And never share detsils with any one.

BitCoinKeeper

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Quote from: PlusCoinINK on November 22, 2017, 08:28:35 PM

While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility

Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80

Not enough can be said about #1. Do Your Homework. Ie. always be learning, reading, exploring information. However by wary of some information. And know the difference. Which comes from doing your Homework.
Know, how to recognize FUD.

jonathan163

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thanks for tips im also a newbie in Crytoworld keep it up

A.nayem

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#Oh wow. I never thought I would see Bitcoin investment tips from Forbes. All I ever see these from are from blogs or minor journalism websites. It's a contributor article, yes, but still. This is a sign that we're truly breaking into the mainstream. Bitcoin keeps making the news about breaking all time highs, so it's only natural that people will be curious. This will bring in a new wave of investors.

iamTom123

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Quote from: PlusCoinINK on November 22, 2017, 08:28:35 PM

While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility

Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80

These are good tips that newcomers to the Bitcoin and cryptocurrency scene should seriously ponder upon. Even if Bitcoin experienced amazing spikes in the last few months and is now considered to be the most lucrative investment vehicle of all time, there are still inherent risks involved. Well, no investment is risk-free and that is something we have to remember always. I want to talk about diversification.

Diversification here means that you can select some few altcoins (coins/tokens other than Bitcoin) which have proven to be also strong and have a good future ahead. Diversification is a two-edged sword...it can help us shield one investment go awry but it can also expose us to bad projects. As much as possible, until you know the game well, avoid new coins and tokens on the market as they can be carrying more risks but if you are sure that the project is really good and you are a risk-taken then go ahead and make your day, so to speak. Make sure that you are in the loop of the things happening in the market and be ready to get into the action if necessary. But if you don't have the time then it would do well if you just let your Bitcoin go to sleep.

aileen393332xe5157

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Here is my tip
- play with the money you can lose
- never all in
- go back in the crowd

Shreek

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IDENA.IO - Proof-Of-Person Blockchain

I agree with your way of thinking, I believe that what you think is enough to be used by newcomers to maximize their chances of success.
thanks for the solution, very useful for me.

tientien5

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Top 5 tips for investors bitcoin
1. always nourish his bitcoin
2. not violate the flip of the forum
3. Follow what the forum asks
4. Do not try to do what you want
5. up to invest in current bitcoin Embarrassed

GreenBits

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Quote from: PlusCoinINK on November 22, 2017, 08:28:35 PM

While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework

if you mean diligence then yes, but for bitcoin that is simply being aware of events, the current state of the protocol and the current price level. bitcoin has been around long enough that people dont question the essential nature of it, like gold. you might do research on the market history of gold, but not the actual history of it.

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2. Proceed With Caution

fuck that. balls out over the cliff.

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3. Diversify Effectively

indeed, and this means given the volatility you should try cryptos OTHER than bitcoin. the alts are great for this; while the market does generally tend to slump as one, there are times when the alts break out, as bitcoin stagnate. also look at assets pegged to a static usd value (nubits, tether, and digital gold that you can buy with crypto)

4. Keep Your Coins In Wallets

where else would you propose keeping them? Grin

but yes, keep your coins in your OWN wallet is sound advice. dont trust exchanges, its not them, its their security. even if they mean well, if they get hacked your coins are still gone. and use hardware wallets if you can.

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5. Prepare For Volatility

if you arent ready for volatility with bitcoin, i suggest you close your laptop and toss it out of the window.

duh its volatile. but more importantly, one should be prepared for prolonged movements in one direction. a bear or a bull run can hurt you, if you werent positioned right for it.

Pleione527

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For me the best thing that new investors in cryptos need to know is how the market is running, do some research if possible especially on your target cryptos to invest try to look on each graph and see who is worth to invest. There's a lot of coin offered here so new investors must be wise in choosing their investments otherwise they will only incurred loss and may lose everything they have.

minersday

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The only way to increase your portfolio is just by being pacient , you can not expect to raise your balance from $100 to $1000 in just two days, it is impossible and a lot of newbies are losing their funds because of their ANXIETY..

Better to be careful with this mistake, because they think that trading/holding is a real gambling, and that is the main reason of why they lose their funds very quickly.

If you want to make money, be pacient, and keep holding for some time, dont feel tempted to buy shitty coins everytime that you see an opportunity, because the market is full of opportunities right now.

xSkyer

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In my opinion, too many investors don't know the risk of not using hardware wallet or cold storage in general. It is sad to see people blaming Bitcoin just because of their own fault. Also, it is very important to make some additional research. I don't understand the point of investing in something you are not even trying to understand. Keeping your Bitcoin on the exchange is risky but you have to do it if you want to trade.

MakeMoneyBtc

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1) Before you decide to invest in cryptocurrencies do research and study all about this domain. Only after you know absolutely everything about all of this you can start to invest your money.
2) Study the market before making an investment. Dont invest just because someone says it is a good time or just because you think it is.
3) Dont invest all your money in one place. For example invest 50% in bitcoin, 30% in ethereum and the rest in other cryptocurrencies
4) Dont store your coins in exchangers(like Coinbase). Keep it in secured wallets where you have private keys
5) Understand that the price cant always go up. Sometimes it goes up, sometimes it stays the same and of course there are periods when it is going down. Prepare for everything

tranhaop

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very good advice thank you for letting us know, i will save it to take advantage of the investment later, it is good post

tora

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Do not fall for quick get rich schemes eg bitcoin doublers.

Lipe490

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We should also pointing out the top 5 tips for new bitcoin investors that they should never do! 1- Do not trust in any crypto guru of twitter, 2- Do not trust in any guy from Wall street about bitcoin, 3- Do not truste Charlie Shrem, 4- Do not listen Vitalik Buterin bs about bitcoin, 5 - Do not be greedy. I follow these steps since 2015 and I am good so far. Basically you have to do your own strategy and you'll certainly will see the profits come to the table.

Walrus1

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Quote from: ?? on ??

Good tips for investors. Keep it up

thanks, what do you recommend for diversification. I'm in stocks, gold and silver are you talking of that or more like litecoin and etherium which are the only others I'm familiar with

Topic: Top 5 Tips For New Bitcoin Investors - page 4. (Read 992 times)