Bitcoin Forum

If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?

my 3 advises will be:

1) Do not invest more than you can afford to lose
2) inform yourself
3) Do not invest more than you can afford to lose

1. Don't go all in, and always take risk into account and remember that you're investing in an extremely volatile asset. You can be a huge enthusiast but still not be a "moon boy".
2. Actually learn how wallets work and how to secure your funds before buying in. The last thing you would want is your funds being stolen.
3. As much as possible, keep your investments a secret. You wouldn't want family members and "friends" to be at your door begging for money. Also, for security purposes.

You will only hear once advice from me and I think that's one of the most important things. Do a lot of research about bitcoin before investing your own money into this. A lot of people make this mistake and then lose their money either because they have bought from the wrong platform, either because they  made a mistake during their transaction, either because they private key is lost and many other things that could be easily prevented. So do your homework, learn everything about it start with a demo wallet/platform and when you understand how it works you decide if you still want to invest or not.

1. The cryptocurrency market is quite risky and many speculators in the past had lost their money all because they assumed that this is a walk-in-the-park kind of thing. As in any investment vehicle, education is the key so that more we learn the more we earn.

2. Never trust anyone or any program that promises you the stars in the heaven when it comes to return of investment. Remember that this industry has a very remarkable dark side: the scammers who can appear to be angels of lights but are just waiting to get hold of your hard-earn money.

3. Don't test the waters with both feet or in other words don't throw everything in here. Always have many baskets for your eggs so you are minimizing risks...plus don't hurry as passive investments can take a lot of time.

1. Understand the risk - This is not a get rick quick scheme
2. Don't listen to others, don't ask financial advises here. I'm seeing a lot of newbies here asking what coins do they need to invest, blah blah. Everyone will give different answer.
3. DYOR - Do your own research. So instead of listening to others, take time to investigate around, you can ask if something is not clear to you. But you yourself should make the final decision and not because you have been swayed by others.

Look up the story of the homeless Dutch bitcoin guy.   That's how you should NOT do it.

 :)

There are such things that you might explain to them before they engaging to invest in Bitcoin.

Short and simple advice:
1. Must understand Bitcoin and the technology how it works- Explaining how volatile it is that might have a good or bad result on price.
2. Possible risk- What ever happen to the investment don't blame others, know your own risk.
3. Secure your investment- giving advice on which wallet that most safer than others to store the investment.

1. concentration
2. learning market movements first
3. risk must be prepared if the defeat is obtained

1. Learn and research
2. Do not trust anyone blindly.  Always verify. 
3. Invest only what you can afford to lose

1) Bitcoin is not an quick rich scheme.
2) Bitcoin investment are highly risky due to the unstable price nature.
3) Don't invest all your savings here.

1.   Do not just invest because it is bullish. People tend to ride on what is in. Many people noticed cryptocurreny on 2017, wherein people invested much of their time and money just to get into a new trend, which is bitcoin. Some people gained from it and there are people who have lose money from it.

2.   Take the responsibility. Be your own bank. There are no banks, no third party, insurance company or support that will help you protect against any financial loss that may occur.

3.   Emotions. Learn to control your emotions, especially when reading the news and when you’re into trading. It plays a major role on any investments. I know people react to what is in front of them, which will greatly involve your feelings at that particular moment. Do not be impulsive, take time to do what you think will be constructive in any particular situation that you are into.

See you around.

If I was to advice a newbie trying to invest in bitcoin, my advice will go in this manner;

• Stay focus on investing in bitcoin, don't get distracted by all the hype altcoin trying to be next bitcoin you might end up losing your money by investing in them
• Never use exchange or web/App wallet as a permanent storing wallet for your coins, you can store few when you're planning on trading or using it for everyday activity.
• Don't bite more than you can chew, invest with a capital you're ok with losing.

In addition, I'll let him understand the need to see bitcoin as more of a currency and don't get carried away by the asset value.

My advice - buying Bitcoin is not "investing", it is speculating. Unless you are buying it to purchase goods on-line of course.

- Have a well laid down objective, preferably a long term plan. Use current situation and tools to speculate on the future and invest according to your prognosis.

- Don't invest what you can't afford to lose. This statement is hackneyed, but can not be over emphasized. Regardless of the market condition, only invest spare money.

- Grow your knowledge. Read books, articles, watch videos, listen to podcasts. You are part of a digital awakening, get the most of it.

1. Be mature before invest & research market yourself to learn when you have to invest.
2. Don't be much greedy, there is no way to be quick rich. Don't depend on your investment for your real life.
3. Don't lose your patience on bear market. Hold tight and wait for bull run.

Invest in Bitcoin? Did you think invest in ICO? I see some ICO is accept payment in Bitcoin and other token like Litecoin or anything.
But if that mean Buy some Bitcoins, there are my 3 advise
1. Don't buy while that price is moon
2. Don't Greedy
3. Just hold and buy more while dump

1. always read the crypto relates news before buying bitcoin
2. understand risk management and risk reward ratio
3. scure your asset with high level security gadget

Here's my 3 advice's that must implement to those who’s new and wants to invest in Bitcoin:
1. While crypto has been in a bear market for around a year, there are a lot of chances.
2. But I prefer to invest only that amount you afford to lose.
3. A bear market is a market that is in decline, prices are continuously dropping so avoid bloody streets.

Since you are a newbie asking I wouldn't go into detail what you need to do when it comes to investing in BTC. Instead you need to educate yourself before even thinking about entering the market as the only person you can trust is yourself and just relying on what others are saying is like following them blindly which could be disastrous for your hard earned money. Start by reading books/ebooks especially the ones for technical analysis for the stock market before you dive in reading books related to cryptocurrencies. Learning the basics will let you survive on your own.

Here's a few of my tips personally:

1. Don't invest more than you can afford to lose. This should be applied to any sort of investment or gamble you take in life. If you cannot afford to lose what you have, do NOT invest. Even the best traders sometimes lose money.

2. You don't need a hardware wallet for coin storage, especially for long-term storage. Paper wallets work just fine in the long run, though they should ideally just be topped up once and spent once. Make sure if you're going down the paper wallet route you're storing your paper wallet in a place with low humidity and low light levels so the wallet's still usable in the future when you transfer the coins off it to an exchange or another address.

Hardware wallets are good for if you're holding coins but also occasionally transferring coins out at the same time. Ledger and Trezor hardware wallets both work just fine.

3. Don't instantly sell off the moment coin prices drop! Holding generally works out in the long run, and BTC's going to make you go through a rollercoaster of emotions in most cases through prices fluctuating. If you need money badly, then by all means sell part or all of your coins, but learn to control your emotions. You'll be rewarded for doing so.

1. do due diligence first, know what you are doing and what you investing in
2. decide how much in risky investment is comfortable for you to spend
3. keep with your decision to either invest or not, don't be in middle sometimes wanting to sell sometimes wanting to buy, this will make you loose your money

These peeps are able to give and advice to you over how, where and when to invest Bitcoins? I don't think so because it takes some real personal experience first of all, and then the one who is giving you that advice should have already made a lot of profits or at least be in some profits from the time they invested. We can just try, and I'm saying this because we're still learning.

Still, as I'm experienced but not in profits, I'd like to give advice based on my experience only:

1. Don't fomo buy into any coin and don't sell any based on fud, it'll save you a lot of money from losing and will also save the costs (fees) if you'd have traded continuously.

2. If you're going to invest BTC in a project, check about it deeply because believe it or not, but BTC should be considered as real money and so, you need to be very careful while putting your money into any ICO or even STO.

3. Don't use your full salary (or even your complete capital to get into crypto), use only that amount which you can afford to lose because there are higher risks and chances of losing just as in gambling and forex. Don't fall for any doublers or even HYIPs because they won't return you your money even in the short term and you'll probably lose everything.

I'd suggest you to follow great personalities like Warren Buffett and Bill Gates (I'm not saying that they're crypto geeks, but their quotes can actually help you gain the type of mentality everyone wishes to have to become rich).

The first among my best 3 advice to a newbies is that, never invest all your found into cryptocurrency always invest what you can afford to let go in case any thing happen, and secondly don't invest base on the analysis of others always carry out you own personal research and thirdly don't invest all the found in one project always diversify your investment.

Hey there’s a lot to advise to a newbie but before I give my advise, I do hope you’ll take some efforts to study them and do your own research too. I would advise you to start with a wallet like Electrum, never share any of it’s details with anyone. My second advice would be not to transact on a public wifi, and if a deal looks too good to be true it’s a scam until they can prove it’s not. Thirdly and most important one don’t let the short term fluctuations force you into panic sales, hold your coins and sell only when you’re in profits.

1)Invest 80% of your fiat money to crypto.
2)Invest the remaining of your fiat money to crypto.
3)Work for more money to invest for crypto.

1. Do KYC . ( Know the company and business well before you think of giving your money ).
2. DYOR  ( Do research, even the company/ business is legit, is it capable of giving handsome returns? Is there any demand of product or service?)
3. Do not invest that you cannot afford to lose. ( Golden rule, told to every investor)

Firstly, do not seek investment strategies or ideas from just anyone, without verifying how authentic such information is, you could be mislead.
Secondly, always do your own research, that's the only way you can be a successful trader
Finally, try your best not to be greedy, all that glitters ain't gold

1. Before dumping your funds into the next moon coin, see this https://youtu.be/5YGwfQ4nDkw (https://youtu.be/5YGwfQ4nDkw?t=521). Fast forward to https://www.youtube.com/watch?v=5YGwfQ4nDkw&feature=youtu.be&t=1055 (https://www.youtube.com/watch?v=5YGwfQ4nDkw&feature=youtu.be&t=1055) for a hilarious part.

2. DYOR. Always remember that when you are buying, someone else is also selling. Think about why this is the case.

3. Never invest more than what you can afford to lose.

Well if am to give three advice to anyone new to bitcoin investing
It would be
*cultivate the character of patience
*start low and rise gradually
*be security conscious

For me, the first thing to do is you should always think wisely and be more specific like investing your money which you can afford to be lost because not all the time you can gain profit or win and aside from that market is not actually stable and volatile it's good to gather more information from other users which they do the same way as what do you want to learn and to do.

I add one more thing.
Never use marginal trading if you don't have at least 4 year of trading experience in crypto.
It's key to not losing most of your money fastly

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Hardwares will be damaged somehow at sometime, it depends on luck, so hardware wallets don't mean that it is safer than paper wallets.
And, what's inside wallet, keys, nothing more.
Hardware wallet gives additional protection via password, but it does not make sense if it got technical troubles somehow.
I tend to use paper wallet. Keep them secret, safely, and out of potential damaging things, like water, fire, oil, and so on.

My 3 important advice will be  -
1) Buy little amount from your everyday savings
2) Sell off when you see some good movements and re-buy when it is low
3) Try to avoid thinking of profit in short-term

1) Put a fiscally responsible amount of your savings or income into bitcoin based on your expenses
2) Research the technology enough to understand how to store it safely
3) Don't let others opinions trump logic, understand why you got in and set a marker for when you desire an exit. You can sell a portion of your initial investment, regardless of the market volatility you walk away unscathed if you time it. Patience is key

I have never broadly invested in bitcoin. But whatever I have invested, done at the ATH. Before then, I used to recieve some payments in bitcoin.
Here is my 3 advices for all newbies who want to invest into bitcoin-
1. Research
2. Research more
3. Research again from the beginning

Only then decide what to do. Don't invest into it only because it's price is increasing, others are investing.

1.never trust any body who’s asking you or telling you something about money involvement specially those newly met here

2.always check sites that will be entering and read this threads for safer investing

https://bitcointalk.org/index.php?topic=4475764.0
https://bitcointalk.org/index.php?topic=4456502.0
https://bitcointalk.org/index.php?topic=3415026.0
Read those thread and you will be safe in trading for all your life

3.invest what you can afford to lose

1. Buy bitcoin with a amount that would not impact your life even you lose those money.
2. Learn how to use a hardware wallet and transfer those bitcoin to a hardware wallet then forget them just like you already lose the money.
3. Sell half of your bitcoin holding every 4 years.

• Do not spend more then you can loose
• Do hold at least 50% of your portfolio for longer run

[liKeep your bitcoins safe, scammers are everywhere[/li]
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The OP, @EriksonPartners (UserId: 2555867), has been autobanned, so it looks like he won’t be getting back to this thread anymore (see modlog (https://bitcointalk.org/modlog.php)):

That was a quick Bitcointalkxit …

My advice would be to invest in it IF you have extra amount because in future it will be bring very good returns. But of course, you need to spread your investment across multiple options instead of just going for Bitcoin.

You can even look at doing Lending Investment (https://cryptolinks.com/cryptocurrency-lending), which is not bad IF you have the right option picked but if you are not having that then you could obviously struggle to make profits. But the basic call to say is that investment shouldn’t be made on just one but on multiple options to help with safety and security.