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.
Topic: TOP suggestions for someone who's thinking of buying BTC? - page 5. (Read 13745 times)
Btc isn't much above its ATH at this point. People are calling for another dump. But I think that won't be of much intensity. So, you can jump right now. But remember that BTC is better for mid or long term investment. Don't try to day trade with it. And if you're not a professional trader, don't try to chase quick and short term profit. Crypto isn't that simple as it seems. It's a highly manipulated market. So trade safely.
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.
Firstly, they should know that the bitcoin price might not pump and reaches 100000 usd in near future or never.
Then they should know how to secure their wallet too, hackers will try to hack your wallet especially when the bitcoin price pump.
Then they should know how to secure their wallet too, hackers will try to hack your wallet especially when the bitcoin price pump.
You are drawn everything in just three lines! It's amazing! This three suggestion should be followed by all of the new and senior people in the crypto market! Sometimes we keep earning bitcoin and forget the security facts! So, everyone should use a hardware wallet like Trezor or Ledger. Without the proper knowledge, no one can gain from the bitcoin, so, everyone should have a proper idea before buying! And only long hodl can give a good profit to the holders. So, we must hodl some of our assets and then we can sell too at the correct time!
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.
that was some good adviceMine 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.
if you will ask me my advice is only invest what you can afford to lose
Although OP suggestions are not new but its important for crypto-currency holders or buyers. Without proper knowledge anyone can't be success on crypto-currency world. If someone think that bitcoin is quick rich method then he is wrong. Its true few people's earn lot during last bull run, but it doesn't mean that always you will be win. In order to gain you have wait and you should have enough patience. Who know when it will run? So before buy bitcoin we should learn as much as possible.
Yes, in cryptocurrency not everyone will be successful since, In the open trading market there's always a losers in the other side of the trading window, For every seller there's always a buyer that willing to take the risk in buying our BTC.
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.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.
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.
Number 2 is absolutely on point! This is one of the most common misconceptions of bitcoin. Even the pioneer investors know that it's a long-term investment. You really have to do your own research before investing. There may have been exceptions in the past when some people took advantage of buying before reaching ATH, but nowadays, bitcoin is definitely not the way to earn quick bucks. I have some things to add though, you really have to be patient and stay positive all the time. Avoid FUDsters getting into you by ignoring dips and avoiding selling low. Remind yourself that bitcoin is the future and you're simply preparing yourself for it.
Although OP suggestions are not new but its important for crypto-currency holders or buyers. Without proper knowledge anyone can't be success on crypto-currency world. If someone think that bitcoin is quick rich method then he is wrong. Its true few people's earn lot during last bull run, but it doesn't mean that always you will be win. In order to gain you have wait and you should have enough patience. Who know when it will run? So before buy bitcoin we should learn as much as possible.
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.
These are the basic things that a person should take care of when buying a bitcoin.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.
But in my opinion, if a person is a newbie, he should not risk buying large quantities the first time.
He must also read a lot about digital currencies, investment and mining.
If you have someone who understands in the digital currency ask him about the time to buy under the high and low bitcoin.
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
Ok! If you are thinking to buy Bitcoin, you must follow the steps below;
(For Newbie
)
When you check these terminologies and its functionality dude, you will get easy entry in the crypto world and you might earn and not loose 
(For Newbie
)- Kindly understand the crypto world
Do proper research of exchange
Analyze the Bitcoin prize
Security, withdrawal &b deposit, wallet (Check it all)
Authentication & privacy policy
When you check these terminologies and its functionality dude, you will get easy entry in the crypto world
and you might earn and not loose 
I never suggested they buy bitcoin, but I often tell about bitcoin because I know by telling bitcoin and cryptocurrency, they will find out more about bitcoin, and they know that I am a successful bitcoin investment.
1 Before investing, spend time learning about cryptocurrencies and blockchain in general
Why should someone who wants to buy Bitcoin learn about cryptocurrencies? You should advise them to learn about bitcoin. If you're buying bitcoin don't learn about altcoins you don't need altcoins to be successful and profit. If you are new it's even better to stay away from altcoins because it's easy to get scammed and lose money. Focus on bitcoin!
Your suggestions are the very basic and simple ones but are the very necessary ones that can make or break any new bitcoin investors.
It's always good and necessary to follow to steps
It's always good and necessary to follow to steps
OP, another suggestion would be, if Bitcoin's price depresses you, it's because you maybe need to zoom out. "Bitcoin is not a sprint, it's a marathon", or however some Bitcoin maximalists say it. But it is true. 
Or to say it better, Do not buy bitcoin if you have a faint heart
just like today when BTC lose $400 in one swing trade, All those who bought at $5400 are thinking twice once again Do not FOMO in, Buy only the BTC your willing to HOLD for a long time.
Firstly I would say the perosn should learn how to save his bitcoin using a good and reliable bitcoin wallet . After deciding if it’s a long term , short term it medium term. I will emphasize that you shouldn not keep your bitcoins in any exchange no matter what which is why I said you should learn to use a good bitcoin wallet so you can monitor your bitcoin yourself.
dont buy so much if you are a beginner. decide that how much money you want to invest for crypto market, and in the beginning invest only 30 percent of this amount. wait for a few months and keep that 70 percent for good timings.
All I can say is DYOR. Do Your Own Research before investing on any coin even if it is bitcoin. You should know all the risk in buying bitcoin and all the things you must do while hodling it. I love reading a lot of articles about buying bitcoins and the risk in taking for that. Since, investing in bitcoin is money but don't forget that buying bitcoin does not make you rich quickly it takes time for you to be that.
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