TOP suggestions for someone who's thinking of buying BTC? - page 4.

pragna

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 
2 Don’t look at it as get rich quick scheme, but as a long investment 
3 Learn ways to keep your bitcoin safe and secure.

Yes, this is very essential for every btc holder, trader, seller and all over cryptocurrency engaged people. Before buying one should know how it keep secure into his wallet and how he secure his wallet. Finally one have to learn more and more before his transaction and trading.

Ailmand

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Knowing about the basics and fundamentals of blockchain technology would be an advantage before purchasing bitcoin. Securing your wallets and funds is the most important thing that you have to do first. Set your target goal. Don't just aim to be rich but rather deal with every market situation.

btc78

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 

Reading alot herend watching videos in YouTube and other sites that tackles cryptocurrency and blockchain is much better way

Quote

2 Don’t look at it as get rich quick scheme, but as a long investment 

Make this as an extra curricular work and a extra income and never do this for living because if dos for sure you’ll fail

Quote

3 Learn ways to keep your bitcoin safe and secure.

Preventing ourselves from entering various sites will give us more safeties from hackings

DBronze98

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

1 Before investing, spend time learning about cryptocurrencies and blockchain in general 

I do not appreciate this because the project's potential does not come from the technology it has. The potential of an ICO project depends on the popularity and interest from investors. In particular, projects that are sold publicly on exchanges (IEO) will be one of the decisive factors.

waynechong1995

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swing!

There's something different ways of looking bitcoin and investments, some do frequent trade to profit from its extreme volatility, very much like forex. If you trading on exchanges, changes of you moving funds into cold wallet are unlikely as there's fees moving in and out, so putting on a reputable exchanges should be fine as they couldn't compensate the impact of reputation losses. Entering bitcoin is probarly the hardest thing to do as solo investor, no other way by paying more than market price so you need to DYOR really before getting to avoid getting a taste of overbought the next few days.

black_magic

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Learn first all things about cryptocurrency and all the possible things you can do to it, even the smallest details you need to know. Through invesment , joining bounty campaigns, trading, mining and hodling you can grow your money as large as you can but make sure you have to be secured in all things.

joshy23

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 
2 Don’t look at it as get rich quick scheme, but as a long investment 
3 Learn ways to keep your bitcoin safe and secure.

And learn every single currency or tokens that you will be adding in your portfolio,each of them must be potentially and generating for future and not just pump and dump and some shitcoins.

xWolfx

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Those are really good suggestions.

I would also suggest this crash course, one video a day right to your mail to learn the basics of Bitcoin. Also the site has a lot more information about how to buy and sell and trade.
https://99bitcoins.com/

Aldrinx00

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For me before buying any cryptocurrency especially Bitcoin is do a thorough research and how it works not just buy it because someone told you to do so. Learn how exchanges works and how to trade and buy Bitcoin, also prepare yourself to do kyc ( know your customer) because most exchanges conduct kyc to be able to withdraw higher amount of crypto, fiat etc. Lastly find a secured wallet like nano s ledger if you want to hold it long-term because it is more safe and secure.

simplelisten

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Quote from: susila_bai on April 20, 2019, 03:11:37 AM

Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 
2 Don’t look at it as get rich quick scheme, but as a long investment 
3 Learn ways to keep your bitcoin safe and secure.

All your points are correct but some more points to be added like,

4) If you know trading then buy in dips and sell in high, this way trading your buying price will get low and you will be in profit if you entered in high price.

5) Trading is good and try to invest by dividing your budget so that you should be able to invest if the market dips .

Isn't a buying in dips and sell in high are a very common thing for a trader?

2) is absolutely right, a lot of people thinking that you can easily get profit from cryptocurrency investment even my friend ask me if it's true or not but they did not know that you can lose your all money if you make a single mistake in your investment. Investing without a plan will lead to failure.

gleilsonsilva

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Quote from: onchoys on April 19, 2019, 07:23:59 AM

Quote from: gleilsonsilva on April 19, 2019, 07:08:02 AM

Quote from: toleomasd on April 19, 2019, 06:53:32 AM

Quote from: darnekleo on April 19, 2019, 06:35:39 AM

Quote from: amposed on April 19, 2019, 06:32:00 AM

Quote from: tasedijers on April 19, 2019, 06:21:35 AM

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

Good... that’s the easy part.

Twin!

Guys don’t be too optimistic

Lol are your feelings hurt because instead of get rich quick you got broke quick?

All crupto except BTC… are shitcoins.

Wipangga

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I think before you decide to invest in crypto currencies, I think you are the first of many better researchers, so you will also get good profits with higher market prices.

onchoys

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Quote from: gleilsonsilva on April 19, 2019, 07:08:02 AM

Quote from: toleomasd on April 19, 2019, 06:53:32 AM

Quote from: darnekleo on April 19, 2019, 06:35:39 AM

Quote from: amposed on April 19, 2019, 06:32:00 AM

Quote from: tasedijers on April 19, 2019, 06:21:35 AM

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

Good... that’s the easy part.

Twin!

Guys don’t be too optimistic

Lol are your feelings hurt because instead of get rich quick you got broke quick?

Sonu_titu

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Activity: 136

Merit: 39

Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

1 Before investing, spend time learning about cryptocurrencies and blockchain in general 

I think one must also analyse what ever he/she has read and also, test the analysis on testnet before entering to actual investment.

Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

2 Don’t look at it as get rich quick scheme, but as a long investment 

There may be many investment/portfolio mangers who may show you some scheme and say that they will trade for you. Do not get into such things. Also do not trust on others Bots if you have some strategy in your mind create your own bot.

Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

3 Learn ways to keep your bitcoin safe and secure.

Always use safe wallets. I personally prefer hardware wallets specially Trezor. Do not store your funds on Custodial exchanges there are chances of getting hacked. I always prefer trading on non-cutodial exchnages like CoinSwitch, Changelly, changenow as they do not hold your private key.

susila_bai

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Activity: 1260

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 
2 Don’t look at it as get rich quick scheme, but as a long investment 
3 Learn ways to keep your bitcoin safe and secure.

All your points are correct but some more points to be added like,

4) If you know trading then buy in dips and sell in high, this way trading your buying price will get low and you will be in profit if you entered in high price.

5) Trading is good and try to invest by dividing your budget so that you should be able to invest if the market dips .

gleilsonsilva

newbie

Activity: 66

Merit: 0

Quote from: toleomasd on April 19, 2019, 06:53:32 AM

Quote from: darnekleo on April 19, 2019, 06:35:39 AM

Quote from: amposed on April 19, 2019, 06:32:00 AM

Quote from: tasedijers on April 19, 2019, 06:21:35 AM

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

Good... that’s the easy part.

Twin!

Guys don’t be too optimistic

planet-crypto

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Best thing is to inform yourself about bitcoin as much as possible before actually investing.

Bitcoin's Whitepaper published by Satoshi Nakamoto in 2008 is fundamental to understanding bitcoin and blockchain technology. If you want to learn about bitcoin in simple terms and understand the bitcoin whitepaper in urdu/eng, This is one of the best sources:

https://www.youtube.com/watch?v=VmusvimRKWk

Hope it helps!

elisabetheva

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Quote from: AmyBrown on April 05, 2019, 12:47:45 AM

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?

  Mine would probably be;  
1 Before investing, spend time learning about cryptocurrencies and blockchain in general 
2 Don’t look at it as get rich quick scheme, but as a long investment 
3 Learn ways to keep your bitcoin safe and secure.

Obviously first want to know the whole about bitcoin if possible to join first with btt and learn as much as possible about crypto, so we will know what bitcoin is and that bitcoin is clearly not a short-term investment and can generate big direct profits, patience and more in-depth analysis if you want to get the success of bitcoin. besides it is clear as point 3 of you that the key to success is also to be able to save well and not be stolen by others because of our own negligence.

toleomasd

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Quote from: darnekleo on April 19, 2019, 06:35:39 AM

Quote from: amposed on April 19, 2019, 06:32:00 AM

Quote from: tasedijers on April 19, 2019, 06:21:35 AM

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

Good... that’s the easy part.

Twin!

Babylon

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I don't think if this is a suggestion but for me, it is more of an advice. You should wait for the price of bitcoin to lower and touch the support based on the chart. If you are going to do that, then you will have a higher chance to make a profit from buying bitcoin at support because if that support is strong, the price will go up.

Topic: TOP suggestions for someone who's thinking of buying BTC? - page 4. (Read 13745 times)