2. Proceed With Caution
Invest only money that you can afford to loose
Topic: Top 5 Tips For New Bitcoin Investors - page 5. (Read 992 times)
2. Proceed With Caution
Invest only money that you can afford to loose
Well, those tips aren't for bitcoin alone, those are also applicable to stock markets. Anyway, I'll give you my top 5 -
1. buy bitcoins using money that you DON'T need and store it in a hardware wallet
2. place your hardware somewhere you can't see everyday
3. repeat #1 regularly.
4. forget about your bitcoins
5. check on it by 2020.
I had lost money in trading but fortunately I learned by experience that it is always profitable to HODL bitcoins. 2 weeks ago I sold a portion of my bitcoins because of fear (you know what am talkin about, right?)... if only I had followed my top 5 strictly, I wouldn't lose profits due to FUD.
PS: I'm still mad at Roger Ver and his greedy ass.
1. buy bitcoins using money that you DON'T need and store it in a hardware wallet
2. place your hardware somewhere you can't see everyday
3. repeat #1 regularly.
4. forget about your bitcoins
5. check on it by 2020.
I had lost money in trading but fortunately I learned by experience that it is always profitable to HODL bitcoins. 2 weeks ago I sold a portion of my bitcoins because of fear (you know what am talkin about, right?)... if only I had followed my top 5 strictly, I wouldn't lose profits due to FUD.
PS: I'm still mad at Roger Ver and his greedy ass.
To build a little on top of what you said, i'd go as far as recommending a hardware wallet, which is the safest option in the crypto market right now. There's no way you can lose your coins unless you mess up by losing it/the private keys/recovery seeds.
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.
About the article itself, it's well-written, and I definitely would have loved to read it if I were a newbie. This could serve as a reference for newbies asking about Bitcoin. There's only one part I don't agree too much with:
I would hardly call investing into other altcoins diversifying. They tend to organically move in unison. Take China's exchange ban news for example: every single one dived.
About the article itself, it's well-written, and I definitely would have loved to read it if I were a newbie. This could serve as a reference for newbies asking about Bitcoin. There's only one part I don't agree too much with:
Quote
When creating a diversified portfolio, investors could consider altcoins
I would hardly call investing into other altcoins diversifying. They tend to organically move in unison. Take China's exchange ban news for example: every single one dived.
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.
And yeah Do it with with confidence (not full not less) and tade or invest with less emotions.
Don't just be go with the flow but deal with the flow. Etched it to your palm or to your head.
Don't just be go with the flow but deal with the flow. Etched it to your palm or to your head.
Presumably right. Emotions especially extreme ones is a factor causing such risks in investments. Causing panicking and jumping off edges for low possibilities of profits. Yet, tips or any reminders are just guidance for anxiety-free feeling of the investors. When you have followed such reminders, you can work properly and satisfied.
Good tips you have their but I would classify them as a "reminder" especially just like what you said Bitcoin is a volatile currency they need to observe the prices with caution. But can you clarify on what do you mean about "diversify"? Because I don't think that you can really diversify your portfolio by just holding Bitcoin, and if you mean "investment" like HYIPs. Then its a big no for real investors as this are not real investments and you might even end up losing all your Bitcoin if you invest in one.
You should divide the capital into several parts. You can keep some bitcoin, buy more altcoin, join the potential ICO and invest in the altcoin lending to get more passive income. These are the ways that I still use to get great profits from my bitcoin number.
My most important tip is definitely to keep good care of security and backups. This is money you are playing with, don't be lax with your security. Don't login to exchanges on possible compromised machines, backup your private keys, paper wallets, maybe some hardware solution too. Have good password security everywhere, don't reuse same usernames and emails (and passwords!) its really easy to screw up, don't be part of the victims.
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
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
Keep your Coins in a safe wallet, over all this is helpful. Newbie investor should know this thing first so you will not loose big money in the end. Don't expect for a quick profit, focus more on long term earnings because bitcoin is great in long term.
And yeah Do it with with confidence (not full not less) and tade or invest with less emotions.
Don't just be go with the flow but deal with the flow. Etched it to your palm or to your head.
Don't just be go with the flow but deal with the flow. Etched it to your palm or to your head.
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
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
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