Bitcoin Forum

While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework
2. Proceed With Caution
3. Diversify Effectively
4. Keep Your Coins In Wallets
5. Prepare For Volatility

Source: https://www.forbes.com/sites/cbovaird/2017/11/21/top-5-tips-for-new-bitcoin-investors/#1cea07cd1e80

And yeah Do it with with confidence (not full not less) and tade or invest with less emotions.
Don't just be go with the flow but deal with the flow. Etched it to your palm or to your head.

Keep your Coins in a safe wallet, over all this is helpful. Newbie investor should know this thing first so you will not loose big money in the end. Don't expect for a quick profit, focus more on long term earnings because bitcoin is great in long term.

My most important tip is definitely to keep good care of security and backups. This is money you are playing with, don't be lax with your security. Don't login to exchanges on possible compromised machines, backup your private keys, paper wallets, maybe some hardware solution too. Have good password security everywhere, don't reuse same usernames and emails (and passwords!) its really easy to screw up, don't be part of the victims.

You should divide the capital into several parts. You can keep some bitcoin, buy more altcoin, join the potential ICO and invest in the altcoin lending to get more passive income. These are the ways that I still use to get great profits from my bitcoin number.

Good tips you have their but I would classify them as a "reminder" especially just like what you said Bitcoin is a volatile currency they need to observe the prices with caution. But can you clarify on what do you mean about "diversify"? Because I don't think that you can really diversify your portfolio by just holding Bitcoin, and if you mean "investment" like HYIPs. Then its a big no for real investors as this are not real investments and you might even end up losing all your Bitcoin if you invest in one.

Presumably right. Emotions especially extreme ones is a factor causing such risks in investments. Causing panicking and jumping off edges for low possibilities of profits. Yet, tips or any reminders are just guidance for anxiety-free feeling of the investors. When you have followed such reminders, you can work properly and satisfied.

I would add that you should never, ever give your private keys to anyone, and that you should always be aware of scams, phishing attempts, website spoofing, and all those things that allow hackers to steal your money.

Oh wow. I never thought I would see Bitcoin investment tips from Forbes. All I ever see these from are from blogs or minor journalism websites. It's a contributor article, yes, but still. This is a sign that we're truly breaking into the mainstream. Bitcoin keeps making the news about breaking all time highs, so it's only natural that people will be curious. This will bring in a new wave of investors.

About the article itself, it's well-written, and I definitely would have loved to read it if I were a newbie. This could serve as a reference for newbies asking about Bitcoin. There's only one part I don't agree too much with:


I would hardly call investing into other altcoins diversifying. They tend to organically move in unison. Take China's exchange ban news for example: every single one dived.

To build a little on top of what you said, i'd go as far as recommending a hardware wallet, which is the safest option in the crypto market right now. There's no way you can lose your coins unless you mess up by losing it/the private keys/recovery seeds.

Well, those tips aren't for bitcoin alone, those are also applicable to stock markets. Anyway, I'll give you my top 5 -

1. buy bitcoins using money that you DON'T need and store it in a hardware wallet
2. place your hardware somewhere you can't see everyday
3. repeat #1 regularly.
4. forget about your bitcoins
5. check on it by 2020.

I had lost money in trading but fortunately I learned by experience that it is always profitable to HODL bitcoins. 2 weeks ago I sold a portion of my bitcoins because of fear (you know what am talkin about, right?)... if only I had followed my top 5 strictly, I wouldn't lose profits due to FUD.

PS: I'm still mad at Roger Ver and his greedy ass.

Invest only money that you can afford to loose

thanks, what do you recommend for diversification. I'm in stocks, gold and silver are you talking of that or more like litecoin and etherium which are the only others I'm familiar with

We should also pointing out the top 5 tips for new bitcoin investors that they should never do! 1- Do not trust in any crypto guru of twitter, 2- Do not trust in any guy from Wall street about bitcoin, 3- Do not truste Charlie Shrem, 4- Do not listen Vitalik Buterin bs about bitcoin, 5 - Do not be greedy. I follow these steps since 2015 and I am good so far. Basically you have to do your own strategy and you'll certainly will see the profits come to the table.

Do not fall for quick get rich schemes eg bitcoin doublers.

very good advice thank you for letting us know, i will save it to take advantage of the investment later, it is good post

1) Before you decide to invest in cryptocurrencies do research and study all about this domain. Only after you know absolutely everything about all of this you can start to invest your money.
2) Study the market before making an investment. Dont invest just because someone says it is a good time or just because you think it is.
3) Dont invest all your money in one place. For example invest 50% in bitcoin, 30% in ethereum and the rest in other cryptocurrencies
4) Dont store your coins in exchangers(like Coinbase). Keep it in secured wallets where you have private keys
5) Understand that the price cant always go up. Sometimes it goes up, sometimes it stays the same and of course there are periods when it is going down. Prepare for everything

The only way to increase your portfolio is just by being pacient , you can not expect to raise your balance from $100 to $1000 in just two days, it is impossible and a lot of newbies are losing their funds because of their ANXIETY..

Better to be careful with this  mistake, because they think that trading/holding is a real gambling, and that is the main reason of why they lose their funds very quickly.

If you want to make money, be pacient, and keep holding for some time, dont feel tempted to buy shitty coins everytime that you see an opportunity, because the market is full of opportunities right now.

For me the best thing that new investors in cryptos need to know is how the market is running, do some research if possible especially on your target cryptos to invest try to look on each graph and see who is worth to invest. There's a lot of coin offered here so new investors must be wise in choosing their investments otherwise they will only incurred loss and may lose everything they have.

if you mean diligence then yes, but for bitcoin that is simply being aware of events, the current state of the protocol and the current price level. bitcoin has been around long enough that people dont question the essential nature of it, like gold. you might do research on the market history of gold, but not the actual history of it.


fuck that. balls out over the cliff.

where else would you propose keeping them? ;D but yes, keep your coins in your OWN wallet is sound advice. dont trust exchanges, its not them, its their security. even if they mean well, if they get hacked your coins are still gone. and use hardware wallets if you can.

if you arent ready for volatility with bitcoin, i suggest you close your laptop and toss it out of the window.

duh its volatile. but more importantly, one should be prepared for prolonged movements in one direction. a bear or a bull run can hurt you, if you werent positioned right for it.

Top 5 tips for investors bitcoin
1. always nourish his bitcoin
2. not violate the flip of the forum
3. Follow what the forum asks
4. Do not try to do what you want
5. up to invest in current bitcoin :-[ :-[ :-[

I agree with your way of thinking, I believe that what you think is enough to be used by newcomers to maximize their chances of success.
thanks for the solution, very useful for me.

Here is my tip
- play with the money you can lose
- never all in
- go back in the crowd

These are good tips that newcomers to the Bitcoin and cryptocurrency scene should seriously ponder upon. Even if Bitcoin experienced amazing spikes in the last few months and is now considered to be the most lucrative investment vehicle of all time, there are still inherent risks involved. Well, no investment is risk-free and that is something we have to remember always. I want to talk about diversification.

Diversification here means that you can select some few altcoins (coins/tokens other than Bitcoin) which have proven to be also strong and have a good future ahead. Diversification is a two-edged sword...it can help us shield one investment go awry but it can also expose us to bad projects. As much as possible, until you know the game well, avoid new coins and tokens on the market as they can be carrying more risks but if you are sure that the project is really good and you are a risk-taken then go ahead and make your day, so to speak. Make sure that you are in the loop of the things happening in the market and be ready to get into the action if necessary. But if you don't have the time then it would do well if you just let your Bitcoin go to sleep.

#Oh wow. I never thought I would see Bitcoin investment tips from Forbes. All I ever see these from are from blogs or minor journalism websites. It's a contributor article, yes, but still. This is a sign that we're truly breaking into the mainstream. Bitcoin keeps making the news about breaking all time highs, so it's only natural that people will be curious. This will bring in a new wave of investors.

thanks for tips im also a newbie in Crytoworld  keep it up

Not enough can be said about #1. Do Your Homework. Ie. always be learning, reading, exploring information. However by wary of some information. And know the difference. Which comes from doing your Homework.
Know, how to recognize FUD.

Yes I totaly agree with you. Newcomers should firstly protect their account by setting unique user id and password. And never share detsils with any one.

well thank you so much for these informations. I just started this is literally my first post, I'll also make sure not to get fooled by scammers out there.

Good bringing this to peoples attention. It's needed and a must for anyone investing their hard earned money.
Never spend what you cannot afford to use so that means don't go using your food money. Use extra money you have after covering your basic expenses. If you use nney you need it night bot end uo well. Yes you can make more investing with nite but if you don't so we'll it can go very badly. If it's money you can afford to lose you can invest again and give it another go.

I would take number 2 out of that list. Proceeding with caution will only hesitate the investor. A real investor would already have his money diversified and that proceeding with caution step would be redundant to step 3.

Here are tips for newbies

1) Prepare mentally to accept existence of bitcoins
2) Open your mind
3) Spend money & time on learning
4) Do your own research with own intelligence
5) Never invest that much which you cannot afford to lose.

These are my own steps to get into Bitcoin economy and bitcoin platform.

thanks for the info always be cautious with bitcoin especially against hackers

You can only do that, you can't be totally safe against those type of things because there's new things developed every day.

People are spreading that virtual money is the fastest way to get rich at this time of the year, but that's only a small fraction of the risk. No one who pays money to invest can make a profit, there are a lot of white people after a night just for lack of understanding. In my opinion, it is necessary to have knowledge first.

I think there should be passion. Blockchain is still the focus for the next 2-3 years, so electronic money will continue to grow and continue to be a tool for investors, speculators make money.

1. Take time to learn

Around Bitcoin and other crypto currencies there is a big stir, there are many rumors, and you constantly come across success stories and failures. To begin with, make sure that you understand what you are getting into and risk the amount of money available to you.

2. Be careful

In the world of crypto-investment it is necessary to be extremely cautious
Any investment carries risks, which is already talking about the new and volatile Bitcoin. Jacob Eliosoff stresses:
This is still an extremely dangerous area of ​​investment. Do not invest as much as you are not ready to lose.

3. Diversify effectively

Most newcomers in the crypto industry are invested only in Bitcoin, forgetting about the existence of other crypto-currencies, some of which grow even faster than Bitcoin. Diversification is an effective way, given that many altcoins are growing during the fall of the Bitcoin exchange rate.

4. Do not hold funds on the exchange

The crypto industry attracts a lot of hackers and scammers, and it is important to take effective precautions. It's enough just to complicate the life of hackers: use exchanges only for exchange, and as soon as you bought the currency, move all the tokens to the protected wallet (for example, to the hardware purse). Many people lost their funds on stock exchanges not as a result of trade.

5. Be prepared for instability

These simple tips will help your portfolio withstand any storm in the market
Bitcoin is known for its volatility, many traditional investors are simply terrified of it. The instant drop in the Bitcoin rate does not mean a catastrophe, but it's hard to stay calm when you look at the red chart. Of course, diversification is an excellent method of fighting against this. But in order to effectively apply this method, you still have a lot to learn. The most famous (and most often the most profitable) strategy for investing in Bitcoin is to buy and wait. Then you are not afraid of any volatility. Simply buy coins and forget the site on which you are watching the course, this approach will keep you nervous and will bring a guaranteed profit.

Well you have a good research their about tips for new bitcoin investors. Yet it is not your work and you are only crediting of the idea of others. You should have specified the source and not just posting the link on it. It is not a good idea to confused the readers with the works that are not yours. Anyway putting that here is a good help. I was just sad to see the works of other being copied and someone will get the credit. Actually I do have some works and being copied by someone that experience made me feel that if someone will copy their works I should get them reprimanded. Well that tip is actually simplified and best tips I have ever read.

my investment tip : trade once a day . bitcoin prices are rising and falling every day . find the middle price , less than 1% buy , above the intermediate price 1% sell . don't be greedy .

Honestly, this is probably the most important rule out of all the others. Sure, there needs to be some savvy know-how to understand the way it all works, piecing it together in your mind. Nevertheless, a good due diligence will save you countless dollars of loss. When a new currency or ICO arises, or any new investment opportunity for that matter, you need to make sure you follow through and do your research on the topic. No one cares if you lose your hard earned money, so why wouldn't you take that into your own hands and make sure you know every detail about the investment before you make the decision. Check the team, their backgrounds, the transparency of the project, the allocation of their seed investments... all of these things will minimise the risk of loss, and maximise the potential for gains.

Our two-cents.

2017 is Bitcoin's tumultuous year so we learn the lesson is to be strong, hold the stan! You will see your happiness soon. :D

In bitcoins the biggest tip that you should apply in your life is buy lots of bitcoin when the market value is too low and sell it for a higher price.
Through this concept you can obtain a huge amount of return on investment in just a year or certain time without paying too much effort for it.

thanks for the advice in the sweat. You can also add that they treat the key well and do not lose it. Without it, it will not be very cool.

1.   Do some research before investing in any coin about the team of developers, price trends, etc. carefully
2.   Don’t drive into your emotions. Don’t be greedy and never panic
3.   Never invest more than what you cannot afford to lose.
4.   Store you crypto coins in a safe and secure wallet.
5.   Always diversify your investments to reduce you risks.

Sounds like a good advice

1. The value of bitcoin is closely related to economic, political events, legal changes and technological achievements around the world. Trading cryptocurrencies should keep up with the current news or aggregators collecting the most important information.

2. In contrast to traditional currencies, more enthusiasts are attracted to cryptocurrencies, attracted by the desire for quick earnings, who trade emotionally. As a result, bitcoins may be undervalued or overvalued more often than other assets.

3. Although the forecasts for cryptocurrencies are successful, bitcoin should be considered a risky capital investment. It is still a relatively young solution whose future depends on many factors.
Therefore, bitcoin should only constitute a smaller part of the capital investment.

4. Multi-year investments require adequate security for virtual coins. Keeping them in the stock market may not be enough. In this case, it is worth thinking about buying a bitcoin secure wallet in the form of a peripheral device or an application located on our device or external, but secure server.

My tips:
1) do not listen too much to the predictions;
2) do not worry about the fluctuations;
3) pay attention to your private keys
4) diversifies the investment
5) invest only as much as you can lose

good advice) but I would still supplemented your post thus advice - remain cold-blooded, watch, when market goes against you, and make changes such moments his thinking.

yeah i think that was true if we are going to be an investor bitcoin, patience is more important thing too and anyway money managment are good advice too when becoming an investor

The best way to obtain a permanent income is to receive passive profit - dividends and interest from investments. In this case, bitcoin does not differ from the usual currency - it can also be invested in various projects, used for obtaining passive profit.

There are many paid promotions of icos going on. Without researching, it is not advised to invest anywhere. You should invest only the amount you would afford to lose. Just go through the project before having your investment in, buy the hype and sell the news. Crypto is a volatile market and you should assure yourself that you're investing in a good project. Have your own strategy.

Bitcoin as a volatile currency, they need to observe bitcoin prices carefully. I do not think that you can really diversify through your portfolio by just holding bitcoin and if you intend an investment like hyip. Nothing is great for real investors because this is not a real investment and you might even end up losing all your bitcoin if investing in one only. 8)

what are your favourite resources/websites for doing research? is there any particular places you gain a lot of value from?

that's right, it's the right step. because we should not be careless to invest, be careful. so in my opinion that is the right step before investing.

With these few straight forward tips, negotiating that first Bitcoin transaction or trade can be a lot less stressful.
1. Do your Homework.
2.Be Cautious.
3.Diversify effectively.
4. Keep coins off the exchanges.
5.Get ready for a wild ride.

Buy low, sell high.
HODL at a low point not at a high point.

Making investments, of course, requires a capital for you to invest in the market to start making deals and transactions but, sufficient knowledge, hard work, patience and capital are essential to attain favorable income. You should be wise and only make decision that are well thought of because you can either earn a lot of Bitcoin or lose all of it. If done right with patience and perseverance along with strategically planned techniques in managing your investments, it can result into fruitful outcome.

Prepare for volatility its major point while investing crypto space based on my experience in crypto space market goes to bottom then get stable we have to be updated by watching marketcap previous crash happened while marketcap reached 260 billion and were stable around 2 weeks . Then recovered now reached 450 billion . Here whales playing game.We have to be preapared with their strategy.

I think the tips for newbies are finding a safe wallet, protecting it carefully, always trading on big data website, understanding the market and blockchain.

"Hedge against volatility and do not put all the eggs in one basket. When investing in the stock market or currency exchanges, it is necessary to diversify the funds in accordance with the risk management methodology. "

Keeping coins in wallet is especially useful tip because not everyone understands this. This is a must if you want to protect your coins and be sure that the money will be safe. As for me, I have my wallet for BTC

I just share my tips here :
when you invest in bitcoin, make sure you already know that bitcoin can be falling at anytime.
Just invest on bitcoin if you have a reserve of your funds. never put all of your money and asset to it.
because if bitcoin falling, you not lossing all of your assets.

5 tips can be
First can be learn about bitcoin,what is blockchain,public key,private key
Second can invest what you can afford
Third can to keep wallet secure
Fourth can be patient
Fifth see your investment after a year

thanks  for your helpful post , i think next you give us more detals about btc

Thank you so much for your very good advice. These 5 tips are very useful for new investors. I think new Investors If you invest in following these 5 tips, then they can get good profits and They will not be able to lose their money.

Welcome to bitcoin community, well as a new bitcoin investor it is really necessary to study first or make the necessary research before going into any transaction, When you are investing definitely your putting assets, time and effort,wherein you work for it to earn, so you have to safeguard it. Theres so many ways to safeguard whatever assets you have, read some articles, watch videos and even ask people who are into this trading. Remember, bitcoin is very volatile and its value or price is cannot be predicted or it is undermined, but you can analyze its trends and works to lessen somehow the possibilities of losing,and to earn more profit to your investment. Another thing, try to invest in a smaller amount to lessen the risk and as you become experience into that trading then you will learn more and more that will make you more wiser and will benefited to this trading sytem.

Most importantly do not invest all your money.

Very obvious advice. Everyone already knows them. In addition, these tips are not the best, although useful. The main advice is to have patience and not be nervous.

As a new bitcoin investor, you must make the thorough study or make the necessary research before going into any transaction, When you are investing definitely your putting your money or assets, time and effort for you to earn, so you have to safeguard it. Theres so many ways to safeguard whatever assets you have, read some articles, watch videos, find the best digital wallet to store your digital currencies,  and even ask people who are into this trading. Remember, bitcoin is very volatile and its value or price is cannot be predicted or it is undermined, but you can analyze its trends and works to lessen somehow the possibilities of losing, be prepare for the volatility of bitcoin so you can earn more profit to your investment. Another thing, try to invest in a smaller amount to lessen the risk and as you become experience into that trading then you will learn more and more that will make you more wiser  and profitable in return.

In my opinion, the most important question to answer is: How is bitcoin stored? Opening a similar Bitcoin wallet opens a bank account. That's all. Bitcoin security is top priority, with two to three layers of authentication support to ensure that your money is absolutely secure. Of course, it is relatively certain, but certainly.

1. Do not engage in anything without prior knowledge. You should learn about it first hand and second hand.
2. Never expect too much.
3. Patience and perseverance are needed.
4. Expect for negative things.
5. Trust in bitcoin.

If you are an investor, you need to learn how to be cautious, everything you need to do is strictly confidential, new accounts, strong passwords, personal information, as well as issues related to you. secret. In general, if you play big, you should buy a PC containing information and not connected to the internet. Add an antivirus software, more malware and absolutely no cracking software.  8)

This is helpful to us. Because even Im old members of cryptomarket or in the bitcoin I still gaining more knowledge because learning more is good key to success. Because of this I gain more knowledge again. More important also to the newbie because they can learned more information and knowledge about the success or everything.

There are plenty of ways to make money or invest in buying bitcoin.
1. Be careful
2. do not trust immediately
3.Check for purchase
4.Do you have low purchased finished high.mo sell
5.goodluck.

maybe in the above mean you are a way of trading Bitcoin with long term.

and I suggest you have to divide your Fiat capital with Bitcoin to some bagain, do not all buy it Bitcoin.

so there is a back up later when Bitcoin is down.

In my opinion, you should be prepared psychologically.
Confidential: With buyers and sellers, you sometimes know each other in real money buying mode, but when trading with Bitcoin they do not know what. Things are not absolutely secure: Everything has two sides of it, when everything is anonymous, high-tech crime will begin to develop in every way to rob things in your hands.

If you are a newbie to invest in bitcoin, starting with BTC is always difficult: it's all about having to do on a computer or a phone, but with people nowadays everybody starts with it. To meet an obstacle. If you do not have specific instructions, you do not know what to do.

if you're afraid of tech crimes, you have to strengthen your account security. and you have to choose a trusted exchange for the exchange of your assets.

The most important secret to investing in BTC is long-term holding!

Don't sell your BTC for volatility, I think it's the most important!

The advantages and disadvantages of BTC have been well known. BTC can be used by people all over the world. BTC will rise to a high value!

For me, the top 5 tips for new bitcoin investors are this. First you must have knowledge in investing in bitcoin so that you know how your money earn profit. Second make sure you have money to invest. Third, secure your wallet so that you won't able to scam. Fourth, have trust in bitcoin that your money will earn profit. And last, believe in the power of bitcoin.

That's true mate. Yeah deal with less emotions and don't be too greedy as the price is volatile in nature and it will change from time to time. Research and observe market condition before doing transactions.

It is necessary to follow these five secrets, especially for new investors. I had a deep memory of what you said to put the money in my wallet. At the end of last year, I turned to the 3ETH to the CM exchange, and the swindler disappeared after a week after the transfer, and many investors lost a lot. It was a terrible experience.

Not so many practical tips but yes, if you want invest in this crypto world you need to study a lot to make the right decisions. Especially here, it is so simple to believe other people and then lose money.

Add money management rules, as a new bitcoin investors, if you intend to trade your own funds, then you must put into place a good risk/reward ratio . That is you divided your money based on the amount of the reward you expect with a certain number of risk you can tolerate with your funds.

for me tips for new investors is do not panic if the price of coins down is the most important in my opinion and others may learn about analyzing candles and reading many articles about good and bad news about coins

Among all the tips in bitcoin investing for newbie and professionals then it is best to be patient to wait, all top tips will never be useful if users are impatient and easily panic so sell bitcoin at a cheaper price than when buying.

There's a lot of coin offered here so new investors must be wise in choosing their investments otherwise they will only incurred loss and may lose everything they have

You forgot one important thing, to prepare oneself mentally, emotionally, and psychologically. Coz even if you were able to do those listed above without preparing yourself in these areas, you won't be able to trully grasp how this system works.

Be prepared to change the price. After all, this is a frequent phenomenon in the crypto-currency markets. Therefore, there are several strategies that investors adhere to. It is these strategies that help to avoid large losses with volatility.
One of the most common strategies is diversification, but for its application, you will need a lot of energy.

Number one and number five is should be the most emphasized.
Not doing a research in your coins might lead you astray and lost. You will be like an alien in a foreign country where nobody knows you
The fifth one is that cryptocurrencies are highly volatile and better prepare yourself for high jump or dip

In my opinion, you should be prepared psychologically. Confidential: (for buyers and sellers), you sometimes know each other in real money to buy mode, but when trading with Bitcoin they do not know. Many of thing are not absolutely secure: Everything has two sides of it, when everything is anonymous, high-tech crime will begin to develop in every way to rob things in your hands.