Topic: TOP suggestions for someone who's thinking of buying BTC? - page 8. (Read 13745 times)
We are in an early stage of development and you should be ready taking risks, traditional investments have low risk while digital currencies have high. Start in small amounts. Bitcoin and other coins have high volatility, be ready to sell when you see a heavy drop inclination of prices.
I will suggest to you take into account the various basic skills needed for effective buying and selling of bitcoin.
Do not be greedy , always take profit when you see it no matter how little it may be.
Don't be a panicky investor.
Don't allow your emotions to control your investment decisions.
Do not be greedy , always take profit when you see it no matter how little it may be.
Don't be a panicky investor.
Don't allow your emotions to control your investment decisions.
Before you buy bitcoin take research first and see what is happening in the market, you don't wanna buy bitcoin at a high price or where there is a bull run going on and you are caught in the bull run and a correction.
Before investing have a belief on technology if your only looking for profit then you might end upto loose . Read lot about bitcoin market . Also try to find the real reason behind Pump and Dump . Once you find the reason for Pump ( Bullish) or dumb ( Bearish ) market . then your good t go with investing bitcoin.
These are the factors that needs to be known before making an investment or buying of bitcoin for a long term holding. As of now the market has grown high reaching above $5000. Market is responsive and the growth very real without any manipulative measures, still we cannot assure of the downfall as growth in the value. With this it is good to wait for a little time period and make the buying.
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.
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 to do before someone is going to spend his money in bitcoin, but some times newbies do not really care about these basic things because their focus is more on how to make money from it then they will regret it later. The point number 3 is the most forgotten thing by newbies as most of them relying on exchanges to store their assets and point number 2 is the most popular thing among newbies. Most of them heard some stories of someone making great amount of money from bitcoin then they start to think that they will be able to do the same thing easily.
The most important tip from me, would be for these people to do proper research on how to secure the coins that they bought. A lot of people jump into Bitcoin and buy coins on an exchange and they leave it there. An exchange is not a permanent storage method for coins that are bought, but just a tool to acquire bitcoins.
You should buy a hardware wallet or print paper wallets in a secure way and then transfer all coins that are bought on exchanges to these hardware wallets or paper wallet.
You should buy a hardware wallet or print paper wallets in a secure way and then transfer all coins that are bought on exchanges to these hardware wallets or paper wallet.
If you're going to buy in the present market condition, better buy the dip, and continue to do so while the bull market isn't in full swing yet.
If you'ee waiting for a capitulation, then kiss the opportunity to buy Bitcoin under $5,000 goodbye.
HODL.
If you'ee waiting for a capitulation, then kiss the opportunity to buy Bitcoin under $5,000 goodbye.
HODL.
The unending DYOR advice, yes that's #1 and I'll always say that to those people who are thinking right now of buying it. I've talked to some before and all they think that it's a rich quick scheme digital coin, so without education of what you do you'll be ending up badly.
And the other tip that we always hear, invest what they afford to lose.
And the other tip that we always hear, invest what they afford to lose.
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.
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