What should new investors know about Bitcoin?
Apart from general knowledge of how Bitcoin works and what makes it different from fiat currencies and stock, it's important to get familiarized with local legislation on cryptocurrencies not to get in trouble. Investors should also be extra careful, learning the difference between keeping coins on an exchange and in, say, Electrum wallet. They should also pay more attention to security in general, being aware of phishing websites that can look exactly like the original and only have some differences in the web address. Also, if you send your coins to a wrong address, you can't get them back in any way, so double-checking it is crucial. 
Topic: What are common arguments for Bitcoin? - page 5. (Read 646 times)
Bitcoin is just like other investments and with its pros and cons and I would say you should be ready for a long-term investment if you ever think of holding Bitcoin. You should be aware of the volatile nature so that you will not give your self heart attack when there is any correction in the market.
What should new investors know about Bitcoin?
It's simply a decentralized Global Network/System with a main Currency called Bitcoin, and is made of people spread across the world who value transparency, privacy, honesty to be able to transact and make decisions together.
The Network Currency is called Bitcoin, and the Network/System is called Bitcoin Network. Certain People simply refer to the Bitcoin Network/System and the Currency as Bitcoin
The Network is built to give participants/users control over their bitcoins/assets/data, take part in full network consensus, transact with any participant in any country in the world, protect users privacy, secure users data/assets etc
Counter-question. Who do you call a new investor? There are several types of investors. People with investment experience and people who decided to invest their money for the first time.
Experienced investors are also different. Some have good self-control and their investments can be called passive. Also, such people most often have a lot of capital, they know how to properly dispose of it. Even investing in bitcoin, these investors will not take risks without some knowledge. Naturally, when investing, there should be no superficial knowledge.
If we talk about ordinary people who want to increase their assets at the expense of bitcoin, the rule of information literacy applies here. Just like that, without knowing the little things, there is a high probability of collapse.
I think that asking about what to know about bitcoin in one small topic is too narrow. Since the more you know about him, the more confidently you trust him with your money.
Experienced investors are also different. Some have good self-control and their investments can be called passive. Also, such people most often have a lot of capital, they know how to properly dispose of it. Even investing in bitcoin, these investors will not take risks without some knowledge. Naturally, when investing, there should be no superficial knowledge.
If we talk about ordinary people who want to increase their assets at the expense of bitcoin, the rule of information literacy applies here. Just like that, without knowing the little things, there is a high probability of collapse.
I think that asking about what to know about bitcoin in one small topic is too narrow. Since the more you know about him, the more confidently you trust him with your money.
What investors should know is that bitcoin is not a get-rich-quick scheme, rather the purpose of bitcoin is to prevent you from becoming poor slowly but surely over time due to the weaknesses of the current monetary and financial system.
Although many investors become rich because of bitcoin, it doesn't mean you will be like him, it's best to study and get to know bitcoin further before doing it and learn the risks that will come if it doesn't live up to expectations .
and besides that, not a few investors give up because they are losing money and there are also those who get profits beyond expectations and it all depends on who uses it, and don't just follow trends or follow along if you don't have insight and knowledge and a strong mentality.
Although many investors become rich because of bitcoin, it doesn't mean you will be like him, it's best to study and get to know bitcoin further before doing it and learn the risks that will come if it doesn't live up to expectations .
and besides that, not a few investors give up because they are losing money and there are also those who get profits beyond expectations and it all depends on who uses it, and don't just follow trends or follow along if you don't have insight and knowledge and a strong mentality.
My first reaction when asked is a smile. But during the explanation, I tend to always be careful with everything that will come out of my mouth.
Why? Just one mistake could lead to a large misinterpretation of what Bitcoin really is.
Also, I try to maximize the time of explaining it is not a kind of investment just like what others thought it is, "the quick rich" idea.
There is always a high risk with any high-profit investment and they should be ready with it.
When your clear on that, I am sure they won't just jump and buy it and instead they will try to learn more.
Why? Just one mistake could lead to a large misinterpretation of what Bitcoin really is.
Also, I try to maximize the time of explaining it is not a kind of investment just like what others thought it is, "the quick rich" idea.
There is always a high risk with any high-profit investment and they should be ready with it.
When your clear on that, I am sure they won't just jump and buy it and instead they will try to learn more.
What should new investors know about Bitcoin?
Probably the most important thing investors need to do is to acknowledge the current circumstances of the market, many of those that are coming to the market for the first time are still expecting for bitcoin to move as it did years ago and give them life-changing profits, and while it is obvious that bitcoin will still go up in value it is unrealistic to think that bitcoin will have the same performance it had back then, so as long as they understand this fact and accept they will not need to take huge risks then they will be fine, as they will not put themselves at risk to lose too much of their capital too quickly. 
New investors should know that bitcoin isn't a get-rich-quick scheme like other videos, write-ups, and articles are portraying. It is extremely volatile and may even lead to loss of capital if investors did not do their own research about the matter. It is also crucial for investors to know the situation of cryptocurrencies in their countries before deciding to invest and shelling out some money, as there are countries wherein the use, purchase, and trading of bitcoin is frowned upon and can sometimes lead to imprisonment.
What should new investors know about Bitcoin?
Volatility. The new investors might be encouraged by early investors and think that it's an easy investment that they've just held for a long time and made a profit. They should understand and no need for any argument about it since it's the main description of bitcoin. And as they invest to bitcoin, it's not an overnight success for everyone that they're going to be rich. It is what we say to those new investors that are very optimistic about it because they might think about a quick run of success having it.
Autonomy. This Ideally means that new investors should do their own research and decide what qualities in Bitcoin makes them want to invest in it. There are quite a number or arguments supporting Bitcoin, with counter arguments against it, so it's up to an investor to decide.
Government interference would depend on your usage of Bitcoin, if you store it on a regulated platform, the gov't can easily interfer with it.
no need to think about taxes for your Bitcoin holdings,
Depending on your country,nyou could be required to include Bitcoin in your tax declaration and pay tax on profits.Government interference would depend on your usage of Bitcoin, if you store it on a regulated platform, the gov't can easily interfer with it.
Freedom in owning financial assets, no government interference, no need to think about taxes for your Bitcoin holdings, high volatility for higher profits and of course a long future for profits. Regardless of the risk you describe yourself as listed. Because all have risks based on the profits that can be obtained. But investing in Bitcoin has a difference that is far more profitable than investing in stocks.
What should new investors know about Bitcoin?
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