So what are your opinion towards the people that are investing in Bitcoin?
Is there anything to say about ourselves? Well, one thing is that hopefully we reach a certain peak that everyone is going to be happy about it. And we are investors of Bitcoin because we know what's coming to it and we understand it not just a crypto but also an asset, a store of value that everyone needs to have in order to have some good stance on this hard time for most economies. That's the reason why we're all holding it and people need to realize that it's here to stay. 
Topic: When investing in Bitcoin: what to consider? - page 4. (Read 709 times)
I know a lot of people most have contributed enough or have mentioned what I want to say in one way or the other one consideration which must be put in place before investing in bitcoin or while investing in bitcoin.
One major thing to consider is having a good source of income. One must be well to do with his or her income to venture into bitcoin because I don't expect anyone wanting to invest in bitcoin to it in all her income into it as it discourages long term Hodling which is always a primary goal.
Another thing that must be put in place is emergency funds that could last for at least 3-6 months hence one would have nothing to do with his or her investments for a short period of time instead it will be sad to holding for a very long term hence profit will be guaranteed.
We must not forget also one of the most important thing which is security and self custody. In storing your assets a self custodian wallet is most advisable and an open source wallet like electrum.
One major thing to consider is having a good source of income. One must be well to do with his or her income to venture into bitcoin because I don't expect anyone wanting to invest in bitcoin to it in all her income into it as it discourages long term Hodling which is always a primary goal.
Another thing that must be put in place is emergency funds that could last for at least 3-6 months hence one would have nothing to do with his or her investments for a short period of time instead it will be sad to holding for a very long term hence profit will be guaranteed.
We must not forget also one of the most important thing which is security and self custody. In storing your assets a self custodian wallet is most advisable and an open source wallet like electrum.
When you talk about investing in Bitcoin, there’s just one major thing to consider, and it’s the volatility. Investors must know that what can go up can always come down so while they are trying to make money, they have the tendency to lose money too. But if you talk about things to consider about Bitcoin generally, I’d say learning exactly how everything works is as important as the currency itself.
What to consider is how you can steadily fund your account for continuous investment without a break, having a set aside fund from your monthly income is very important and necessary,it is also important to have a target for this will help you ascertain your goal in bitcoin investment , irrespective of the manner which you want to use in investing and accumulating your Bitcoin.
You should also focus on whatever you are doing, whether Bitcoin is volatile or a currency or not a currency people must always talk and criticize ,so do not be distracted.
You should also focus on whatever you are doing, whether Bitcoin is volatile or a currency or not a currency people must always talk and criticize ,so do not be distracted.
If you only invest in Bitcoin, you don't really need to know about how Bitcoin functions as a currency. Just let people argue about Bitcoin whether it works as a currency or not, we don't need to be confused with them. As long as investing in Bitcoin is legal in our country, it is enough as the reason to invest in Bitcoin. But if we want to use it as a payment tool, it is important to understand how Bitcoin works as a currency. We also needs to know its legality in our country. There are countries that legalize Bitcoin investment, but they forbid the use of Bitcoin as a payment tool.
By the way, we must know everything about Bitcoin first before we invest in Bitcoin. It is quite strange if we brave to invest in Bitcoin when we are not sure what Bitcoin is. Knowing Bitcoin isn't only about how it can be used as a currency. We must know everything about it, we even need to learn how the history of Bitcoin and its potential in the future.
Other things that we must do when we invest in Bitcoin:
1. Know the best place to store/keep Bitcoin
2. Know the cycle of bearish-bullish
3. Understand the halving impacts
4. Understand the best time to entry (buy) and exit (sell)
5. Update the information about Bitcoin issues
IMO/CMIIW
By the way, we must know everything about Bitcoin first before we invest in Bitcoin. It is quite strange if we brave to invest in Bitcoin when we are not sure what Bitcoin is. Knowing Bitcoin isn't only about how it can be used as a currency. We must know everything about it, we even need to learn how the history of Bitcoin and its potential in the future.
Other things that we must do when we invest in Bitcoin:
1. Know the best place to store/keep Bitcoin
2. Know the cycle of bearish-bullish
3. Understand the halving impacts
4. Understand the best time to entry (buy) and exit (sell)
5. Update the information about Bitcoin issues
IMO/CMIIW
Citing volatility
What do you prefer: volatility or gradual decline? Bitcoin goes up and down, but the yearly average trends upwards. Many currencies stay relatively flat, but if you look at their yearly moves you'll see they're trending down.
Quote
use in illegal activity,
Show me a fiat currency that isn't used for illegal things.
IMO it's all 100% fine as long as illegal activity is a few % of total transactions.
What to consider when looking to invest or get involved with Bitcoin.
It's best to study everything well first and also the risks that will occur, and most importantly you have to consider that Bitcoin fluctuates a lot.
Apart from that, you also have to prepare mentally, because this is an investment instrument with very high risk
because if you invest in Bitcoin you have the potential to get big profits, but you also risk experiencing big losses too. And this must also be taken into consideration, and start with small capital and don't start with large capital before you have a good overall understanding and knowledge. And also never use important money, or money for your needs.
It's best to study everything well first and also the risks that will occur, and most importantly you have to consider that Bitcoin fluctuates a lot.
Apart from that, you also have to prepare mentally, because this is an investment instrument with very high risk
because if you invest in Bitcoin you have the potential to get big profits, but you also risk experiencing big losses too. And this must also be taken into consideration, and start with small capital and don't start with large capital before you have a good overall understanding and knowledge. And also never use important money, or money for your needs.
lThe most important non technical thing which we need to consider is the fact that you don't get rich overnight by investing into Bitcoin because most of the new users don't have any idea about Bitcoin and it's uses but rather consider it as an investment but unfortunately some are made to belive it's a get rich quick scheme. People need to hold it for long term and also set goals in the sense targetted profit and once it's achieved they can set stop loss.
Bitcoin is a digital currency, so it has monetary values. I don't understand the aspect you said about volatility use in illegal activity,
Op's English is not the best, but what they meant there is what a lot of people say, including the government, and that is that BTC is used by criminals for illicit activities. However, the people who have this narrative forget that BTC has a public ledger, and in order to use BTC to hide your illicit activity, you must use it in addition with privacy tools, and not everyone has the knowledge to do it correctly. I clearly have the opinion that criminals use easier and quicker tools to launder money, rather than BTC, and the number that use BTC is not as high as the government tries to portray it. 
I know their are so many things to be consider with when it comes to anything investment.
Yes, there are lot of things to consider before venturing into any form of investment, of which Bitcoin especially is no different than others, as factors such as, amount of Bitcoin to buy, which wallet to store your Bitcoin, and how long you intend to HODL your Bitcoin (i.e either Long or Short) are all basic factors people consider with a Bitcoin investment. Quote
So what are your opinion towards the people that are investing in Bitcoin?
I have just only a singular opinion about all those who have invested in Bitcoin, and the opinion is that I'm happy they all made the right decision by choosing to invest in Bitcoin, rather than leaving their funds in fiat where it's value gets depreciated. Hence, my advice to all is to keep investing in Bitcoin, as it future holds more good for us all. 
Volatility, usage of Bitcoin by criminals, irreversibility of transactions, environmental impact, occasionally high transaction fees etc. can all be considered if they are important to a certain person. But I'd say that this isn't what one should start from. The initial questions should be: how much money can I afford to lose and thus can dedicate to investment? Do I believe that Bitcoin's long-term upward price trend will continue for the years to come? Which wallet should I use, and which seed storage method will I choose? Will I sell when Bitcoin gets above/below a certain point?
We have different opinion about Bitcoin so why bother what others or critics think of it?
Just decided to read through the replies before anything and I find your comment very interesting. I am not supportive of making Bitcoin investment a public knowledge neither do I encourage anyone to seek public validation before investing in Bitcoin. Those who fail to control the flow of information regarding their Bitcoin investment can easily be mislead because the negativity against Bitcoin is huge, just that it is slowing down as more people are beginning to see that Bitcoin is not a scam after all. The right thing to do is to use any method of buying Bitcoin provided the intention is to hold. of course this has to come after making sure the basic and fundamental knowledge are acquired before starting so that the investment can be well managed and protected from theft. This forum have all the information needed to be a successful Bitcoin investor.
First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?
Bitcoin is a digital currency, so it has monetary values. I don't understand the aspect you said about volatility use in illegal activity, volatility is basically about the instability in the price flow, and i don't see how that can be used in illegally maybe you need to explain further.Well, for people that have invested in bitcoin, I think the testimonies about the reliability of bitcoin and the return on investment on bitcoin cannot be overemphasized, because over the years there has been an upsurge on investment because people have seen what it entails.
And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns.
Expect recognition that Bitcoin as a currency and can be used as a long -term investment asset from critics will never occur.They always campaign about volatility and other things that lead to negative activities. Positive considerations that will be obtained from people who think rationally will be considered as part of the pro-group of Bitcoin even though the defense occurs because these people have proven it by investing and using bitcoin as a currency.
The consideration of me from investing in Bitcoin is a hedge. Thank You.
First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?
Bitcoin is a digital currency. There is definitely risk in bitcoin investing If you want to invest in bitcoin you definitely can. But before investing in Bitcoin you must know enough about Bitcoin market then you have to invest. Bitcoin investment should always be a long term plan Many times it is seen that many new investors invest for a very short period of time thinking that they will become millionaires overnight but this is not the case. We must be patient in Bitcoin investment. Patience is very important. Sometimes we get impatient. We should not lose patience. 
First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?
The context of the OP is just not the same as the title therein, regardless, you should never take lightly all warnings about Bitcoin, but try to continue to use your Bitcoin safely and wisely where applicable. The person who talked about the high volatility of Bitcoin as a disadvantage of making it a currency/legal tender spoke sense in my opinion, or is that not true of it? You can hold your fiat currency for years before it has some value so much devalued from it through inflation, but Bitcoin may get devalued so much in just a year. So what is the reliability and the gain of the economy in that regard? And truly, Bitcoin is still young, so we should proceed with care so that we will not be a victim of what we do not really know of, even at its high price which is also a concern on its own even as some quarters are already talking about it.However, in investing my Bitcoin, I only consider two things, which are; 1. The prevailing price and 2. The trend/sentiment of the market. I buy at a low level and liquidate when my trading chart tells me to do so to avoid losing back much of my previous gains.
Anything outside this must be to be using my Bitcoin for inflow and outflow purposes only.
. So what are your opinion towards the people that are investing in Bitcoin?
those investing in Bitcoin are individuals that understand the importance of freedom and are willing to buy into the idea of liberating themselves from a system that only seek to enslave it user and deprive them of full ownership of thier wealth.Not really, because not all bitcoin investors are using decentralized exchanges, non-custodial wallets, the majority are still using centralized exchanges and even store their bitcoins on it.
With what's currently happing with fiat, we've seen almost an higher rate of volatility with fiat more than what is even applicable to bitcoin and the sad thing is that for fiat, most of them have been experiencing regular and consistent devaluation in Thier worth and it purchasing power has reduced to drastically with time. For those of us that use NAIRA as our fiat, the financial systems hasn't been as bad as what we have now with fiat loosing it purchasing power and inflation gaining momentum at a tremendous rate. It only calls for an alternative to these faulty systems and Bitcoin comes him as the surest alternative that has the potential of solving most of these problems.
Even if your country uses bitcoin as a replacement for your national currency, there is no guarantee that your country's economy will be better and people's lives will improve. A country's currency is valued by its economic potential. If your country has a corrupt government that doesn't care about the domestic economy, people don't have jobs, don't generate income, avoid taxes. Even if you use bitcoin or any other currency, your country cannot escape its current difficulties.
It is a new time where traditional money is not the only money that exists in the world. We live in digital age and so shall a lot of people expect that many things are going to start becoming more digitalized. Soon the government will realize how blockchains can actually change our world for the better.
If your point are only blockchain and digital currency, the government can create their own digital fiat and using private blockchain instead of traditional ledger, so the government will allow their digital fiat and don't have to accept Bitcoin or any other digital currency.Bitcoin is not just blockchain and digitalized currency, but it's way more than that.
. So what are your opinion towards the people that are investing in Bitcoin?
those investing in Bitcoin are individuals that understand the importance of freedom and are willing to buy into the idea of liberating themselves from a system that only seek to enslave it user and deprive them of full ownership of thier wealth.With what's currently happing with fiat, we've seen almost an higher rate of volatility with fiat more than what is even applicable to bitcoin and the sad thing is that for fiat, most of them have been experiencing regular and consistent devaluation in Thier worth and it purchasing power has reduced to drastically with time. For those of us that use NAIRA as our fiat, the financial systems hasn't been as bad as what we have now with fiat loosing it purchasing power and inflation gaining momentum at a tremendous rate. It only calls for an alternative to these faulty systems and Bitcoin comes him as the surest alternative that has the potential of solving most of these problems.
And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns.
BTC is a tool, just like fiat is a tool as well, and both bad and good people use both fiat and BTC. However, we do not hear people ask for fiat to be banned because criminals, money launderers and drug traffickers use it, then why should BTC in itself constantly be in the news when criminals use it for illegal activities.So many merchants in different locations of the world accept BTC as payment, you can even use it for online payments, that makes it a currency. Yeah it is volatile, but as a merchant you could convert BTC to your currency of choice once you receive it, or you could take any payments made to you in BTC as an investment, and hold it for the long term. That's if you have enough funds to cover the cost of operating your business.
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