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Topic: What is the best tips for who will invest in BTC for first time? (Read 9739 times)

full member
Activity: 546
Merit: 100
For first timers, never ever join telegram/mastermind/secret/vip groups in any part of social media that focuses on shilling their coins or highlighting their trade forecast. Filter the good and informative groups from the shitty one because that is where you will really know how to take care of your investments on bitcoin. Another thing is don't be emotional or if you are, try trading small amount of bitcoin because that will enhance your mind rather than your emotions.
hero member
Activity: 1274
Merit: 519
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Just choose an exchange that you think will be convenient for you. Also before investing, choose a wallet that you think will secure your funds, the best would be to buy a hardware wallet. Never put all your money in crypto, save some for your daily expenses and daily needs, the fee for tranferring your crypto from one wallet to another and changing it to fiat might be costy.
hero member
Activity: 616
Merit: 502
For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??
1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

It is, the cheaper price you get, the more profits you could get in the long run. Buy low and Sell high, that is the thing traders always do.

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

After you bought some bitcoins in a low price, just hodl it until you are contented on a certain price where you would sell it, it is all about setting a price and knowing how much profits you want. Patient is the key.

3. What is your strategy for now in BTC? And why??

If you are going to Trade it, you need to do a lot of stuffs than when you are just going to hold it, you need to sweat if you wanted to maximize your profits to the fullest.

4. List me all your good tips for to start now! I will be very grateful...

Just figure out what you really want for your bitcoin, either Hodl it or Trade it, do that, and you'll saying hello to your profits in the long run.




sr. member
Activity: 1484
Merit: 276
For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...


1. it isn't necessary to start looking for an exchange with lower bitcoin price to offer, what you need is a good and trusted exchange, to begin with.
2. Buying bitcoin in piece/parts would help especially if you're a starting bitcoin since you didn't know yet if you can profit from that, let's say buy some and test if you can profit from it then if you do and you're now confident on investing in bitcoin then buy using your fiat.
3. Scalping, abusing the volatility can help you to profit a lot from time to time. You can easily earn $100 in an hour in scalping and lose more significant too. It's still risky tho.
4. The first and essential tip is to study about bitcoin, know each thing that can be useful to you when you're invested in bitcoin.
sr. member
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For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...

Pleaseee give me tips about reinvest BTC with your own gains...
5.If I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00.... I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting? Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...


Sorry for the silly questions, but that's how you start  Undecided

PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.





First I think, you need to be patient because the price of bitcoin is volatile. Many other people suggest that you buy bitcoin while it is in lowest price, so that when the price of bitcoin start to increase then you will not have any problem with that. Investing in bitcoin is like a gamble of patience, if you lose your patience then you will not get the result that you really want.
full member
Activity: 392
Merit: 116
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You have many ways to store your BTC. I think you first need to have a secure payment address, install personal codes, 2fa and always remember them. Next you need to buy a top safe exchange platform like bitrex, binance, of course you can store it on this platform. You just need to keep that amount and persist on its value
member
Activity: 254
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The best advice that can be given to any investor is to DCA. Averaging down your position over a period of time is always a good option. Also, buying at local lows is always provides a good entry point.
hero member
Activity: 1764
Merit: 584
I'd say "If you've only heard about Bitcoin now, then NOW is NOT the best time to buy". Much of the complaints of newbs is that they are "losing" their money. And that's mostly coz they bought when there is a rally and didn't manage to get out soon enough.



These newbs expect that when they bought bitcoin its price will soar greatly. They only focus on that mindset and don't take profit when its pumping too much. As the experts say what goes up must come down and vice versa. If you're just new who heard bitcoin because of its current value then sooner or later you will lose your investment. Before jumping in to any kind of investment one must research his own first not just because of the trend or speculation.

The problem with their approach is that by the time they heard of it, it's already the tail end of the rally and usually once the media also start noticing, that's when it starts to plunge. This goes not just for bitcoin but for other things. Rather than buy then and get locked in, wait for it to boil over and then once it subsides, then you can decide whether you want to buy the now cheaper crypto/stock.

FOMO has ruined more people than prudence.
hero member
Activity: 2646
Merit: 686
people can ask about tips how to invest, but all decision is yours. because we cant predict exactly and everytime they will move up and down.
how big your fund, big profit you get. invest is about hold your coin until you get profit, about patience. look for trusted exchanger to save your asset. its good to put not all money, and try to look good coin or token that have good future

The very first tip that I would suggest is to research what exactly is bitcoin, and what kind of risk is he exposing himself too if he decides to invest in it. Then secondly I would advise the person to study the regulations which he would have to comply as per the prevailing laws in his country. One final tip would be to avoid being effected by short term fluctuations, and focus on holding bitcoins for the long term.
member
Activity: 128
Merit: 13
The only thing I check while buying Bitcoin is my strategy.
legendary
Activity: 1610
Merit: 1003
people can ask about tips how to invest, but all decision is yours. because we cant predict exactly and everytime they will move up and down.
how big your fund, big profit you get. invest is about hold your coin until you get profit, about patience. look for trusted exchanger to save your asset. its good to put not all money, and try to look good coin or token that have good future
full member
Activity: 952
Merit: 107
I don't think you should ask about it.  Everyone should understand for himself whether it is worth investing and how much. You can't rely on the opinions of others. You need to learn everything yourself and make your choice
It is worth of sharing how he started to invest for those who want to try on their own too. Though you cannot rely on what other say to decide, it is better to see the views of everyone and it helps you on decision making process. With different ideas, you can make better strategy and ready for the risks.
full member
Activity: 1904
Merit: 138
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tips for investing in bitcoin
1. Invest Bitcoin in a Trusted Exchange
I am a binary exchange recommendation
2. Investment in Bitcoin on Cloud Mining
The second way, trusted bitcoin investment through purchasing cloud mining. That is to hire a bitcoin mining that has been provided by the provider, we just sit and wait for the results every day.


Its preety great advise mate, I want  to add my tips and advise to the op before the invest and hold bitcoin, he need to learn the risk investing in bitcoin and op need to learn how to minimize the risk to avoid loses.

I don't think investing in cloud mining contracts is a good piece of advice. I had been in that kind of situation, and I would say my experience with cloud mining services were not good.  A potential cloud mining investor should read first threads here which are discussing elaborately regarding cloud mining sites and their respective services. You will find out that investing in cloud mining is not really advisable.
full member
Activity: 952
Merit: 104
tips for investing in bitcoin
1. Invest Bitcoin in a Trusted Exchange
I am a binary exchange recommendation
2. Investment in Bitcoin on Cloud Mining
The second way, trusted bitcoin investment through purchasing cloud mining. That is to hire a bitcoin mining that has been provided by the provider, we just sit and wait for the results every day.



Its preety great advise mate, I want  to add my tips and advise to the op before the invest and hold bitcoin, he need to learn the risk investing in bitcoin and op need to learn how to minimize the risk to avoid loses.
full member
Activity: 602
Merit: 100
My advice is to stick to one investment strategy. Do not be distracted by something else, and clearly follow the goal by performing simple actions every month. If a person works somewhere and gets paid, he can try to allocate 1-5% per month and buy bitcoin. I read about it somewhere and started doing it myself. Slowly but surely going to his goal.
member
Activity: 224
Merit: 62

Pleaseee give me tips about reinvest BTC with your own gains...
5.If I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00.... I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting? Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...


$50,000 and $53,000

I suggest not investing because it was never meant to be a form of investment. Read the first sentence of the white paper.https://bitcoin.org/bitcoin.pdf Use it p2p and use it as a e-cash not a investment.

Have a nice day  Cheesy
member
Activity: 560
Merit: 10
Constantly increase your investment capital.
Investing requires money, and the total amount of this money must constantly grow, otherwise it will not be possible to call it investment. As a source of growth can act as a means of deferred from the main salary, and the profits from the already invested funds (investments).
In many materials there is a figure of 10%, which should be postponed from the salary, but this is all individually. Everyone chooses how much he can postpone, without prejudice to the quality of life, but more about this in the next paragraph. Do not invest the last money.
hero member
Activity: 1918
Merit: 564
Quote
1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

Go for Exchange platform with a good reputation and not those who offer high profit but not that reliable. Better safe than sorry.

Quote
2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

If you hold, you need to expect less and be very patient. I suggest that you don't use all your fiat money unless if you are referring for a certain allocation of all of your money.

Quote
3. What is your strategy for now in BTC? And why??

You need to gather all the ideas and knowledge that you can get before you start investing. A long-term investment is my choice until Bitcoin reaches again its previous highest status.

Quote
4. List me all your good tips for to start now! I will be very grateful...

What I can only is that if you are planning to do:

For Trading: "Buy low, sell high"
For investing: "Do not put all your eggs on a single basket"
hero member
Activity: 1568
Merit: 544
3. What is your strategy for now in BTC? And why??
BUY AND HOLD!!!!!!!!
Best way ; )
Make a long term stack and a short term one. It will help on the moments you need BTC without touching your BTC savings.
legendary
Activity: 2422
Merit: 1036
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1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??
I think its better if you buy it in a more reputable exchange and with volume. Yes there are some exchanges whose Bitcoin is cheaper but with no volume and vice versa. Binance, Bittrex, Kucoin are some of the exchanges where you can buy BTC.

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?
If you're a trader then don't hold too much Bitcoin and use it for trading however, if you don't know how to trade then do the buy and hold strategy.

3. What is your strategy for now in BTC? And why??
BUY AND HOLD!!!!!!!!

4. List me all your good tips for to start now! I will be very grateful..
I said it already. Now its up to you now. Do some in depth research, find a mentor and read books. That can help you.
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