Bitcoin Forum

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

You really have done well to ask questions about what you want to invest in, rather than rushing into what you do not understand. 
 
It's very true that bitcoin is a good investment choice, but it's also very risky, just like your friend has told you. What makes it risky is the volatile part of it, which is also the same thing that makes it a good investment option. If it's not volatile, you can't see the price moving upwards and downwards. 
 
But you need to have it in the back of your mind that bitcoin is not a get-rich-quick scheme, so if you finally want to invest in it, you need to use funds that you can afford to risk, and you won't need them anytime soon because you might invest in bitcoin today and tomorrow the price will go down. In short, bitcoin is an investment asset that investors enjoy the benefit of if they can hold it for the long term.

If you do not want to risk, you do not need to invest in bitcoin. Know that bitcoin price can rise or fall. But know that bitcoin price has more chances to increase, I am expecting $100000 next but before this can happen might take time. It is good not to invest than the price to fall and sell and later see the price higher than the price that you bought it. But if you want to hold for a long time, why not just buy than to be afraid.

I don't invest when i have no idea on what am investing on, so i focus on learning at first, acquire the knowledge, know the risk and also start with little amount i can afford to loose as my first investment.


The crypto market has always been volatile, you learn to read the chart and know how you can make use of the same opportunity for your own advantage to buy when its dip.


I like the fact that understand you shouldn't go into something you lack idea about, when you have the required knowledge, it will be more clearer to you.

I'm Sure you already know that there's no investment without any risk, but Bitcoin is a really nice investment expecially one going into it with the mindset of long-term holding. Though doing the process or journey they may be alot of up and down movement in market due to volatility . But still Investing in Bitcoin is still the best , and we are still in the early stage . So you can definitely start accumulating now using one of the common method of accumulating which is by DCAing, purching at any given price interval with a fixed amount of money either weekly or monthly.

I'm pretty sure that you are also going to see the beauty of investing in Bitcoin as time goes, so just try and focus on stashing more quantities.

You should never invest if you're not certain of what you're putting your money into. What you shouldn't do is to get into a phase of wanting to learn everything about it or not learning anything cause you think there is too much to learn.

Focus on learning about what's important, why you want to get into Bitcoin, why is it a valuable investment, how much risk can you take on and how can you best secure your bitcoins.

- Jay -

At first, it was scary because I get to see how my portfolio goes down for sometime and goes up eventually. You'd overcome that fear soon when you get used to its volatility.

That's okay, remember that all investments are risky and you'll not gain anything if you don't invest to any of it. But what's good in investing in Bitcoin, out of the many crypto there, the risk that you're about to take is definitely worthwhile.

It's a good delay for you because you're making sure if you're doing it right. Don't be in a hurry and don't be like the others that they invest to something they don't know and never take their time studying it.

My friend told me about bitcoin and ask me if i'm interested. My first experience is bad, back then. Lost some money, and just this year because of bullrun, i can finally get profit from it.

Its actually good decision imo. If you don't know anything, don't go blindly. The price is easy to move and hard to predict for beginner. I suggest you do some research first about bitcoin or crypto in general and learn about it.

My advice, try to watch some explanation about crypto in general, not only bitcoin. Bitcoin of course is good, but there's also plenty altcoin that pretty good too. If you want to invest, make sure you already prepare to lose. Also, read some article or news about crypto. I usually use Tradingview, but you can use anything that you want as long as it trusted.

in cryptocurrency investment especially Bitcoin you need to be careful and also observe the rudiment of Bitcoin before you invest I know quite well that when Bitcoin was been introduced many people disagree to embrace Bitcoin because they feel that bitcoin is a scam but today they are awareness of people who tested the Investment before is what is projecting the adoption of Bitcoin today so they fear of investing in Bitcoin has gone away from people due to many testimony from people who has already invested on it, at this present time anyone who is coming to invest in Bitcoin I don't think that the person will it be that much afraid compared to people who wanted to invest in Bitcoin in 2011 and in 2013 so they compare reason will not be the same as this present time because there is a lot of speculation and a lot of informations that comes positively about Bitcoin.

When I invested in Bitcoin it is not that I was not being convinced already that bitcoin is a decentralized currency and it is different from a Fiat currency so after I've had all of that I proceed if I'm making my own research towards a Bitcoin so that I will have more datas that has to do with Bitcoin so it is when I invested in Bitcoin and since then till today I've not been ungrateful to Bitcoin I have not seen any remorse about Bitcoin, so it depends on what you believe on bitcoin will make you to invest in bitcoin.

I think that's a nice decision, bitcoin investment requires enough knowledge, there are a lot of things you need to know in bitcoin investment, However there is risk in bitcoin investment, but the risk is never to be compared with the one in altcoins and as well meme. the risk in bitcoin investment is low, moreover don't give attention to those side talks just do whatever thing you know is best for you, because if you keep listening to those side talk probably you can suddenly change your mind from embarking on this crypto journey either.

For someone totally new to this cryptocurrency space, I will say it is very bad idea or advice as you say to look into Altcoins. OP is looking at getting into bitcoin for investment purposes there is currently no altcoin that stands out as an investment asset. My advice is for OP to stick around bitcoin and bitcoin only. Altcoins are gambles no matter how they paint it. I am not disputing the putting money into it but not for newbie like OP.

As for resources to read, OP doesn’t need TradingView which is a tool or platform for drawing Charts, it is mostly used by traders which OP currently isn’t and shouldn’t consider going into (at least at the moment)

That's make sense.

You got it wrong. Tradingview has crypto news section (https://www.tradingview.com/news/markets/?category=crypto) which is they collected from trust news website about crypto. It isn't just drawing and that's why i recommend to op to watch the news instead doing technical analysis.

It is better to delay and understand the process than to rush and regret afterwards. The bitcoin is not difficult to understand, just read the whitepaper, read the bitcoin history and compare it to what is happening in the industry currently, from there you will have a clue of what to do and you will not regret it afterwards.

You should take your time and not rush things. You have expressed in genuine concern about your lack of knowledge in Bitcoin and that is very brilliant of you. There are different resources out doing that you can take advantage of to learn more about Bitcoin. There are books, there are podcasts, there are YouTube videos and communities on the internet around Bitcoin. One Chinese philosopher wrote, when the student is ready, the teacher appears; and when the student is truly ready, the teacher disappears".

Take your time. In our opinion bitcoin is a good investment, but it's pretty dumb to invest in something you don't understand.


* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

I didn't invest immediately when I was a beginner.
What I did when I was a beginner is that I watched documentaries with regards to Bitcoin multiple times, and I often read some posts here just to increase my knowledge.

By the time that at least I know the basics of Bitcoin including how volatile it is, that's the time when I bought my first Bitcoins. If I remember correctly, I bought 10$ worth of Bitcoin at that time, and I used that in trading because I'm a bit curious about it, but I already knew that I would lose that Bitcoins and I really did. :D Investing in Bitcoin is really good and risky as well, but the amount of risk lessens as you learn more and more about cryptocurrency.

You said that you don't know much about it. Right now, we are lucky because everything that we need in order to learn at least the basics of cryptocurrency can be seen online already, and you can access it for free. Delaying for the betterment of your investing journey sometimes is a better decision. Delaying investing in Bitcoin for the sake of learning more would be a better option. Like the famous quote states. "Learn before you earn".

Right now, many users here already shared some links to you where you can learn Bitcoin. It's now up to you if you will give some time to learn it or you will just jump and buy Bitcoin without any knowledge whatsoever.

Bitcoin is one of the best investments that anybody can go into, and you're in the right place to learn and gain knowledge about it, you just need to understand some basics to start the investment. Bitcoin is not a short cut to riches, meaning that you need to hold it on the long term for you to get a desirable ROI, also you can adopt the DCA method to continuously accumulate it. Keep your seed phrase in a very secured location, because if you misplace it or it's stolen, that means that your Bitcoin can be lost forever. We're entering bull run, that means that if you start accumulating now, in about one year's time, there's high chances that you'll get more than x2  of your investment capital.

Very good question from a beginner who wants to invest in Bitcoin. When you understand that there are risks in investing in Bitcoin, you must be careful in doing so and need to absorb more resources to increase your knowledge to make more informed decisions. The volatile Bitcoin market requires mental, emotional and patience readiness when you start investing, always use money that is not used for other needs because investing in crypto assets has high risks. Patience in investing will determine the results you get in the future, you must be careful in making decisions and don't rush to sell assets when prices are falling because the assets you buy still have a chance to rise again.

There is no harm in delaying doing a job because you still don't have enough knowledge, especially if it is a job like investing in Bitcoin. But there are other important things that you should not forget besides your level of knowledge about Bitcoin, this is sufficient capital to make you more enthusiastic when you experience profits. However, when you use quite a lot of capital, you also need to prepare yourself mentally enough so that you don't often feel worried or afraid when you see price corrections because this is part of the risk that you must be able to withstand and understand better.

At first, I didn't think about votality, all I thought about was how I made a profit buying a coin cheaply and selling it when the price rose to increase the amount of my Bitcoins. I haven't thought too far about votality.


Maybe not only you feel doubtful because you don't understand, but all beginners will imagine the difficult things that will be obtained. The best advice is to start with a little, if you have learned better you will probably feel more confident. But if you feel doubtful and scared then I think never try. Investing in crypto requires mental strength, if you just want to try without trying then you should leave before you regret losing this money. Because I feel that every beginner will go through the loss stage.

They say that “hurry is needed when hunting fleas.” In everything else, especially in financial matters, there is no need to make hasty decisions. However, you have been registered on the forum for almost a year; can we understand that you previously came to the forum by accident? You must understand that the price of Bitcoin will rise every year, and if you prepare long enough, the purchase will cost good money. Therefore, you need to choose: either you read and study on a regular basis and invest, or you wait for the necessary knowledge, study for a long time, and then buy something even more expensive than today’s offer. In any case, theory should always keep pace with practice.

The thing about bitcoin is that, you're never too late, not yet at least. Maybe when the price is at a million dollars, but right now, you can't be too late. A lot of people felt they're too late when bitcoin was over $70k, but now the price is around $64k.
The point is, there's no point to rush, bitcoin is always here. What you need to do is learn about bitcoin. Have a basic understanding of what you're about to go into and in the course of your research and questions you'll understand that as a beginner bitcoin is best as a long term investment. Since you do not understand it that much it's best to leave it for a long time.

People saying "bitcoin is risky" shouldn't scare you off. Can anything can be called an investment without risk? It's a risk but when you understand bitcoin you'll know it'll always go back up again.
Take your time, learn, but know that you're not making a mistake with bitcoin if you do it right. You can have a savings and in bitcoin your savings can also be your investment.

Beginners are not experienced in investing first they learn about investing gradually and experience gradually. If you are new to investing in Bitcoin, you should know that all investments involve risk. Crypto is very volatile so we need to know and analyze it well before investing. As you mentioned about my first investment I can say that I used to watch YouTube and follow different investors in the beginning. After watching various videos of those investors, I gained basic knowledge about investing. Moreover, after joining this forum, my experience about investing has increased. Among the new investors, most of the investors' first investment fails because they don't have full understanding about it.

We all had the same thoughts and it all led to us either missing out on a pump or selling during a temporary dip.

Keep your emotions out of the investment process. If you don't believe in your investment it will only lead to bad decisions.

As a beginner, you are not advised to invest once you hear about bitcoin. The first thing you need to do is learn the basics of bitcoin investment and how the market works, because that is what will help you manage your investment and will guide you to overcome any situation in the market. Because without knowledge and other information, you may lose your money and think it is a scam. That is what many beginners think when they lose money in bitcoin. However, it is good that you said you don’t want to rush to invest in bitcoin, so the best thing is for you to learn before you invest in bitcoin. 


Your decision is not wrong. As long as you know what you are doing in the industry, because that is the main thing here, if you don’t have any basic knowledge, then you are risking it more than everyone here who has the knowledge; furthermore, there is no delay as long as you are learning; after you learn them, you invest; that is how it is supposed to be. 

First of all, you did the right thing by asking this question before making your decision because it's always good to hear some suggestions and then reach a conclusion. Make sure that you ask every person you know who is involved in cryptocurrencies and see their point of view and what they suggest, and then at the end, you should make your decision after evaluating all the answers and suggestions that you have received so far.

For me, I would say that you need to do more research because you are confused about this. You need to know all the risks involved and all the consequences both positive and negative, you should know what might happen if you invest now and what you might miss if you don't, and then you should decide whether you are ready to do it right now or not.

It always a good thing to see newbie asking relevant questions like this, there is no harm in asking questions about what you don’t know. After  several research and you are still no very convinced, it proper to come to forum like this where there are expert, more knowledgeable people about bitcoin to put you true.

About your question, first thing you have to have in mind is bitcoin is not some kind of make money fast type of project so even if your investing you should invest the amount of money you can lose, so at least when the Dip continues you won’t be bothered by it. So I will advise you make more research, consult several more investors and then put together all the information you’ve gathered then make a choice to see if it the right time for you to invest or not, because at the very end it your investment and nobody else.

As a beginner, you've asked the right questions and it's a good thing you want to know what you're getting into before investing. Like you heard, Bitcoin investment is good and at the same time risky. It is risky in the sense that it's a volatile asset and the price fluctuates. Also, it can be stolen if not properly secured. Aside that, it's a good investment and buying Bitcoin will be one of the best decisions of your life. However, read and equip yourself with the right information before you invest.

They said ask questions about what you u do understand is making a person Lean to be fast and easier, but some people's don't know that that's why most people's here as be a while in the forum and there's know any development for them. Because they are so many things that they don't have any ideal about and they refuse to ask questions, to be honest you ask this your question at the right as a biginners whatever you want to do you can just go directly and get start without knowing the skills of it before started.
 
Furlthermore, Bitcoin investment is very good which even the biginners can fit afford with little amount of money, but the only things that you need to know is that is for you have experience about the market volatility and als know how to avoid the risks that are involved.

This delay in making a decision can only benefit you in one case, if the price of Bitcoin goes down. In this case, you will have a unique opportunity to buy Bitcoin at a discounted price. If the price of Bitcoin continues to increase in price, then you will find yourself in the role of an observer who will experience Fomo that he did not decide to buy BTC in time.

I think, the delay is very good for you because you need to learn from those that understand the Bitcoin investment very well for you to achieve the knowledge that will make you comfortable whenever you succeeded to purchase Bitcoin from the market and hold for the bullish season to come before you can release them for sale. Since you are a newbie, all you need to do when you have the capital to purchase Bitcoin, is to wait for the bearish season to appear which is the right time for majority of investors use to purchase Bitcoin from the market and hold for long term to make their holding profitable in the future. I will advice you not to rush into Bitcoin investment, because there are a lot of things you need to acquire before taking the bold move to purchase Bitcoin, and you will not have any challenges in your Bitcoin investment.

The classic FOMO :D I agree to some extent, because if the cycle repeats we could see a great bull run in the next months, and chances are that the price will never go down to current levels, so nocoiner people would've missed the train. But we should be aware that we are at ATH levels already, so the real opportunity was months ago. Like the proverb said, the best time to plant a tree was 20 years ago, the second best time is today, but the investment and the risk attached must be in line with your financial situation, because things could go wrong.

Investment is just relaxing, OP. Follow your heart and follow the pattern of people who have successfully lived, quite a lot of options and opportunities are given today in the crypto market. if you like BTC, buy and focus on the long term. Even if you come with a choice other than BTC, there is something you should know, the durability of BTC is tougher than other cryptocurrencies.

Here you are also required to be a lot of patience, meaning that the duration of time greatly determines the career of your investment journey. If you are trading and you like to stay, you adjust your time with many techniques to succeed in this regard, and don't forget to monitor news developments related to global economic conditions in the mainstream media, and it is also good to use as an additional reference.

Volatility is real in the crypto space.

It is risky to invest in Bitcoin if you aren't ready to lose the money, for a beginner like you I bet you ate into Bitcoin to make money, and due to the volatility you can one day see that your $100 invested in Bitcoin is down to $60, and if that money you invested is very daring to you, it will never sit well with you, this could make you sell the Bitcoin for $60 and walk away.

The truth is the same amount of Bitcoin you choose to sell for $60 can be worth 160 dollars a month later, see? Patience is needed in this space, when Your Bitcoin loses value that doesn't mean it is the end, it is only a matter of time before it appreciates again.

I will even advise you to be more sluggish in this case if you haven't found a reason to invest in Bitcoin yet, take your time and start learning about the benefits of investing in Bitcoin, this will eventually help you to decide in the end, I vote for knowing what Bitcoin is all about before investing your hard earned money on Bitcoin.

Before investing, you must study it first to know how it works. A beginner should not rush to invest in Bitcoin before he knows that Bitcoin is good for him. We often meet people investing without studying, causing them to lose money.

The delay does not mean you are too late because investing in Bitcoin can still be done. What you do is for your own good so you have to study it before deciding to invest. Once you understand it, you can start investing in Bitcoin but don't immediately use big money because every investment has a risk.

Investing in Bitcoin also has risks, namely continuous price changes, which is what those who buy Bitcoin often worry about. But with the knowledge you learn, you can reduce the risk and not panic when you see the price decrease. You will know what to do when the market is not good.

In bitcoin what matters is to understand it well and excel in your investment.  Trying to be fast to make investment is not the most important thing because you can fast and with no understanding,  still lose all your money, so their is no need to rush it.  It is better to try your best to have much understanding in bitcoin even if it will take you a longtime.  Understanding bitcoin will help you to know what to do  even as the market is risky. If it will take you time to understand the volatility of the market,  I think it is not a bad idea because if you understand the volatility of the market you won't have problem to get worried when the market falls.

One of the problems of newbies is that they want to be fast to invest bitcoin without understanding it better which they will end up making mistakes. It is better to have this understanding first than going into invest without understanding which will lead to several mistakes.

This is not only applicable for bitcoin, but certainly for all types of investments, extensive research is a must. Otherwise, if people tend to become lazy and just rely from the advices of crypto influencers, there will be high chances of losing their investments in the end.

Getting delay is part of the process, as it’s understood that you have look into the project or investment carefully prior to investing. In fact, it’s even better than those who keep procrastinating until they lose the opportunities to invest. So never worry if it takes so long before you finally decide to invest in bitcoin, that only means that you’re now highly ready and capable to manage and overcome its risks.

Be absolutely sure you have gained the right knowledge of how to use an exchange to buy and sell or should I say trade your BTC or cryptocurrency in general, should you decide to Invest in altcoins after feeling confident with enough knowledge.
Also, try to know the best kind of wallet to use inorder to keep/save your crypto currency and how to safe guard it from hackers and scammers and from theft or loss of key phrases and passwords.

 After gaining this knowledge then you can be sure you would have done the right thing after you invest and can safeguard it as much as trade it or with it and can try out other investment strategies.

By researching, a person can learn more about that type of investment, especially if he chooses Bitcoin as his investment. He will not be an investor who panics easily because he already knows how to handle it if the market situation is not good. He could even increase the amount of his investment under those conditions.

Maybe by doing research, he feels like he is delaying his investment but those are all things he has to go through to invest in Bitcoin well. He can decide when he is ready to start by having more information about investing in Bitcoin. He will not be shaken by bad news that comes out before he starts investing.

He can manage and overcome risks well. He can also keep his Bitcoins until his target is reached. That is why beginners must really study the investment first before deciding.

First, I suggest you save a little bit of your money to invest in Bitcoin regularly every week or month for 2-3 years and then see the progress.

secondly, when you are accumulating bitcoin within that time period, don't pay attention to market volatility, just save and hold it for the time period you want.

Once you are mature enough and understand how Bitcoin works, then you can increase your investment to a bigger one.

It would be reasonable to make purchases of Bitcoin when its price is at minimum values, and not when the price exceeded ATH and, accordingly, it should have been done in December 2022. If you buy BTC at the current price, then there is a high risk that you buy at high, after which the price may decrease significantly.

This is a very good topic that will help many new investors in gathering the required knowledge to avoid making mistake in their Bitcoin investment. From my experience, DCA method remains the best way of investing in Bitcoin especially for beginners because it eliminates most of the troubles people have in regards to investing in Bitcoin such as fomo, selling too quick, eager to see profits and so on.

In addition to using the DCA method, I will suggest that beginners must know few things that will help them in their investing as well as managing the investment and those include but not limited to:

• Invest what you can afford to hold for long, I mean money you can live your life without
• Before investing,  make sure your basic needs are first met, then after investing, ensure you set some funds aside for emergencies which were not planned for but can happen, this way you will not have to sell your Bitcoin to solve them

I'm sure that with these steps, a beginning can invest even like a profession provided he has also acquired the basic knowledge of storage and security.

You're on the right track, making market research before investing. It's a good way to start your journeys so you can get an idea how the market is around here. When I bought my first Bitcoin, the market wasn't as stable as it's today. I believe the more years goes by the more the market is getting more matured and becoming less volatile. You have to understand what you're getting into before you invest in Bitcoin but while you're waiting also know that you might miss the opportunity to buy Bitcoin at discount price so increase the speed for your research so you can get to investing very fast. You shouldn't call it a  delay since you're not procrastinating but you're following the due process.

If you rush into investing when you don't understand what you're doing, you might get disappointed with how the market welcomes you unless you're in for the long term and all you want to do is to accumulate Bitcoin through dollar cost average and hodl. If this is your plan then you need to start buying Bitcoin right away, you should first learn how to secure your Bitcoin safety then start investing and also learn more along the journey.

Perhaps, you did it right mate. And what you hear is true as Bitcoin investment is risky due to the volatility and unpredictable market direction. That is why before you make the final decision to buy, you must be sure that you are mentally aware of it and fully understand how it works. Understanding the market situation helps you stay strong despite unexpected dumps and remain trusting. There are a lot of BTC left so therefore we don't need to rush and think we are too late as we still have a lot to buy with.

Knowledge, interest, and faith are things we need in order to succeed.

Its a really good question, and there are lots of answers it really depends on your perspective as to the one that fits what you are trying to do.

One way(and not the only way) would be to not really consider it an investment, instead consider saving in Bitcoin vs saving in FIAT. hThe reasoning behind this is that in the fiat world when you save your money you have some experience in things changing that effect your fiat savings stack. You may not realise it but that experience is extensible into saving(stacking) in bitcoin. Alot of the fiat experience is very subtle, and its alot more pronounced with Bitcoin

Here are some examples and parallels to think about, not all of them but ones to me that stick out

Savings Frequency(FIAT)

Each day, week, month you regularly set aside some of your disposable income  into a savings account.

(BTC) Your going to save(stack) in BTC in the same way. Do a forum search for Dollar Cost Averaging.

Savings Goals(FIAT)

There's always a reason why your saving, be it to buy something like a tv, car, house deposit etc etc. You have experience setting a financial goal, working towards it and reaching it.

(BTC) Its exactly the same, you set an achievable goal and try to reach it. When you get there you set another incremental goal and reach it, etc etc

Reduction in Buying Power(FIAT)
Your fiat buying power decreases during a period of inflation, if you want to maintain the buying power you have to increase your savings, but this may not always be possible. You have to operate within your budget, so you modify your goals usually time to reach it.

This skill/experience is the more subtle one, for example you saving 30k to buy a car, when you set the goal the car you wanted to buy cost 30k but now that you have reached your savings goal the car price is now 33k. You got to save bit longer than you initially planned

(BTC) Exactly the same in BTC, most people refer to this a BTC price volatility. You reach your BTC amount goal, but if at that time the price of BTC is lower then your value is lower. You need to stack more to reach your goal. This also works on the flip side, sometimes you hit your amount goal and the opposite has happened. The BTC price has increased, and your in the positive.

Where you save(FIAT)

You look at the different savings products from different companies, you have to park your savings somewhere and you want to get the most out of it for the least amount of risk.

(BTC) Exactly the same with BTC, your going to have to buy it somewhere. There are lots of BTC exchanges, your gonna have to pick one and do the same cost/risk analysis to suit your situation. Your also going to need to consider where and how you store your BTC, and what suits your risk profile. You will need to learn about "not your keys, not your coins" and how to self custody.

There are lots more parallels, but those ones are the ones that stick out and if you already save in FIAT u got the skillz to save in BTC. Maybe sometime in the future when you have hit many BTC savings goals you will then start to think your BTC is an investment when you decide to not sell your BTC to acquire an asset but instead continue to stack it.

I think the high price now compared to the next 2-3 years is a reasonable price to buy. Indeed, we cannot predict for sure what the price of Bitcoin will be in that year. but if you look at the Year-to-Year chart, bitcoin always shows positive movements.
What's more, we have just passed the halving phase where many miners are taking advantage of their mining, what's more, there is some negative news that could affect the price of Bitcoin even further down. This is actually a good opportunity to accumulate bitcoins. just buy whatever the price is and hold on for a few more years.

Actually I think you're doing the right thing, jumping into something you don't even understand might lead you to something very bad, is always good to take your time to understand the market very well before making investment. for the fact that you haven't invested in bitcoin does not mean that you're sluggish, rather you want to acquire the knowledge first before looking out to invest. is just you been sure of what you're about to do so as to avoid losing your money, I think you make the right decision either.

At first, I was quite disappointed, especially in a time that after buying, the price dropped. And you can feel worries thinking what it drops more and lose more. These things certainly appear in our minds when we are new and don't understand the volatility yet. But as we gained some experience and deeply understood the market situation, our views, and market approaches also changed, and we even became certain of our plan.

That's right, we don't need to rush or think about earning too quickly. Instead of getting too fast, we better take time to learning more and acquiring more ideas because this will help us a lot as we continue our crypto journey.

Just like millions of other newbies.

Follow the simplest strategy:
- select a goal;
- create a plan;
- get your ass off your chair buy bitcoin. :)

About zero. When investing for the long term, volatility can be neglected.

There are risks in any investment, but for almost a decade and a half it can be seen that investing in bitcoin turns out to be a fairly reliable step.

Do you want the BTC-community here to give you confidence? :)

It's up to you to decide. Don't wait for outside advice. Your investment / wallet are your risks.

So remove this obstacle of lack of knowledge and then you will realize what exactly you want.

The later you join the game, the later you will start playing.

Knowledge and awareness add confidence, but delaying too much to start can ruin the right time to invest. Everything needs to be done on time.

Bitcoin investment is one of the best investment an investor should add to his/her portfolio.And it is also important to acquire knowledge on bitcoin investment before investing so that it won't look new or sound strange to your hearing when you see the price decreasing.Bitcoin is volatile in nature and not a get quick rich scheme investment that's what every newly investors should know before investing.Bitcoin investment is more profitable when you hold your asset for the long term.So with this knowledge you've acquired on the forum about Bitcoin investment you can start accumulating and also benefit from the new ATH.

Just like the comment I made recently. You have know the basic elements of Bitcoin first before going into the investment business. You can call them components of Bitcoin and they are.
1. Wallet. It is the component to store your coins
2. Receive. In the wallet you will see receive. Which is to you.
3. Send. In the wallet you will see send. Which is to another person
4. Blockchain. The transaction process
5. Public key. Your address to receive coin
6. Private Key. 12 seed phrase that you have to keep away from people, just you ATM pin.
7. Nodes. It makes up the Blockchain
8. Bitcoin price. You have to know the price of Bitcoin before investing. It will help you to know the dip, Bear market and the Bull market with the all time high.

I think when you have known these things then you can invest in Bitcoin without fear and tremble. The number 8 is very much important foe all investors. Make sure you when when Bitcoin is in the bear market and you buy more and you have to know when it is in the Bull run and the All Time High.

Trust me, it is always good to delay yourself if you are learning more about it. This applies to almost everything.
Knowledge is the key to success. You should have the right knowledge to make wise decisions.
So never regrest if you are late because the time you spent on learning/planning is already a reward for yourself.

I believe also OP is just in the right track. You don’t need to rush investing in bitcoin because of FOMO or hype, but always follow your own instinct, that is when you’re capable and ready enough to risk your funds and overcome those risks. So don’t be distracted with other people worried too much about not investing at this time yet, bitcoin opportunities are always coming in, so you just have to wait for the perfect timing to invest. And when you’re investing already, build a lot of patience so you won’t see yourself struggling while trying to manage your emotions everytime price fluctuations happen.

As long as you have the knowledge of investing and you think that you can handle it already start buying Bitcoin already, In my opinion, it is not great to delay buying since you're not really just going to buy a huge amount of Bitcoin in just one buy, most of the time we are going to buy small portion and start to accumulate Bitcoin. I mean its the most efficient way to do it is dollar Cost Averaging if you're familiar with it, start buying Bitcoin probably weekly or monthly consistently so that you can accumulate Bitcoin, it doesn't matter what is the price right now because as long as you are going to hold long term, and only sell on the top of the market you could always make a profit out of it. So for me start buying Bitcoin right now, Right now is the best time to start.

Make sure as well that your going to put it on a non-custodial wallet, the easiest wallet that is probably going to be suitable for newbies, is Electrum in my opinion as a newbie it is going to be a good start since it's easy to install and convenient for newbies, secure as well, open source etc. I mean just avoid putting your investment on a centralized platform like an exchanger, because you just don't have control over your investment on that platform at any moment they could freeze your account and there was nothing you could do about it, it already happened to me back in 2018 I think it was a local crypto wallet which is quite famous here in my country, I mean there was only a few choices and that time its the best wallet and exchange for convenient but they lock my account because I have transaction came from suspicious wallet which is mostly came from casino that time.

invest when you are ready. and you did the right thing when you weren't sure and you didn't know much about Bitcoin and you found out first.
although many have provided you with evidence regarding the success of investing in Bitcoin. but if you still have doubts, then solve your problem first. only when you are sure, start your plan. Investing is not an action that can be done like buying necessities. Investments must be planned well. Please continue in the right steps.

just take your time to learn how the bitcoin market works, no need to rush, because learning it slowly is also good. because whenever you enter the market it is the same, the point is how you can study it first and understand what you are doing. don't be fomo, where they don't understand what they are doing and just enter the market by following other people.

As you said, it's important to have many ideas about what your money is going into.

In Bitcoin, the little knowledge I have is that everyone can actually invest in it, old or young. All you need is the fund to invest, and when that's available, you can register an exchange your country allows to deposit and buy bitcoins.
You also need to know that Bitcoin is just like virtual money, not your regular cash money. 


How you can also earn more so you can invest is maybe by starting up a channel on either Facebook, TikTok, or other social media and letting your clients pay in Bitcoin.
While investing in Bitcoin, you also have to acknowledge "patience" because it's an investment. 
You can get a lot of knowledge about coins that are low in price, buy them, and save up for growth. 

Reading threads about bitcoins can help you invest without fear. It's always better to give it a try.
Lastly, you can apply for half-time jobs online and let them pay you in Bitcoin. If you are afraid to put your savings into Bitcoin, at least this money is coming in already, so you wouldn't really feel bad. 

As a beginner, you don't need so much risk to invest; invest what you can actually let go of for a period of time, not your life savings. 

Don't follow other people's footsteps. Everyone is after a better life and they strive to achieve them. The market system is complex and it takes only genius to escape hugh losses mostly in the bear season which is consider difficult and challenging for everyone. Thoroughly learn about the basis of the space and grabbed good opportunities to explore the market. We know everyone should be opportune to have good entries on project and also what matters is the season.

Bringing this investment idea here shows that you really want to learn, and you did not want to make a wrong investment decision, investing is bitcoin is a good decision and one best decision you have taken so far OP, Bitcoin investment is good and can help you in the future, but it is also risky because of its volatility. Bitcoin investment brings high returns in the future depending on the nature of price actions and market fluctuations, however, please take you time and absorb every information that will you gather here and filter it before use because bitcoin investment is prone to susceptibility of high price volatility and there is no check backs or refunds.

Bitcoin investments need time, patience and endurance to succeed and if you know that you cannot endure for a long time kindly use the money for another thing other than bitcoin. the outcome will surprise you if only you can endure and just know that it is a nice thing to invest in bitcoin because it actually a nice investment.

Lastly, note that bitcoin is a risky investment with high volatility and should be considered if you have a high-risk tolerance and in a strong financial position and can afford to lose any amount you invest. and also, its high liquidity makes it a potentially investment vessel for short term profit.

There have been a lot of explanations already. But did we notice that the OP has not written a single word yet? I don't think he is interested in investing a penny in Bitcoin. He just wanted to create a thread and ask some questions with the hope of getting some merit. The OP was active yesterday, and he joined other conversations in different threads, but he did not come back to his own thread to check what people were writing to it. This clearly shows that he is not interested at all. Some of us even wrote some long essays with the hope that OP will read them and will get some benefit from our experience. Haha.

Maybe what you say is true, even though we are here to sincerely provide an explanation of what the OP asked. and if you look closely at every post made by other users, it can really open your mind to good investments.
but I also don't really hope that I can respond one by one, especially if you look at the rank of the OP who is still a newbie, so it takes a lot of knowledge and experience on how to discuss in forums and how to end the threads he creates.

It's really good to ask questions about something you don't know or aren't sure of, to avoid unnecessary mistakes, one needs to be patient and not rushed into doing something you will regret. Though some people rushed into doing something they are not sure of the outcome because of other people's stories about that very thing so they might be so desperate to get to that level ignoring the circumstances because they just want be get there, disregarding the fact that grace varies.

You did an excellent job by asking this question. In my opinion, the first step to take before investing is to thoroughly understand what you are investing in and the risks involved before putting your resources into it. The reason most newbies struggle with their investments is a lack of sufficient understanding because they view bitcoin investment as a get rich quick scheme, so they jump in without thinking and end up regretting.

Much has been said regarding market volatility and the risk of bitcoin, but let me add this from my little knowledge. Avoid using a custodia wallet to store your bitcoin investment because it is one of the risks of bitcoin investment. Instead, I recommend that you store your investment in a non-custodia wallet, which will give you full control of your assets because you will be able to hold your private key. However, make sure you save your private key in a secure place or where no one will be able to access it because if you lose your private key, you will lose all of your assets.
People say that if you don't want to take risks, you shouldn't invest in bitcoin, but this shouldn't be one of them.

That is the common mistake most people normally do, trying to imitate what others are doing.  though imitating sometimes is not bad but you need to be very sure of what you're doing so that you won't regret at last,   just like this crypto investment you need to have the full knowledge about crypto investment and also you need to understand the market very well before looking out to make investment so that to avoid losing your money.

You are doing the right thing by trying to understand what Bitcoin is before investing, the reason why people said it is good but luck because it’s an investment that is unpredicted, and also an investment that you don’t know the outcome of, whether you will get profit in the time you need it or not, people say that because they want you to understand what bitcoin is talking about, bitcoin is not just an investment that you will rush into Because you hear that there is a lot of profit in it, I know that everyone will like to invest in bitcoin when they hear that there’s a lot of profit but as a good investor make sure you understand the word bitcoin and also ask for more knowledge about it, I will also advise you to invest in bitcoin when you want to invest but make sure you know more about it so that you won’t get scammed or lose your money in the process, and if you learn and understand it you, will thank people who advise you later at the end when you are having a good time of your investment.

Remember that every investment involves risk. You must first learn how to manage risk, the Bitcoin market is always volatile, its value can go down at any time and its value can go up at any time. The only one who can hold without panic during this price rise and fall will be able to benefit. But it definitely needs a long time, you can't get rich quick by investing in Bitcoin, you must hold for a long time. And remember the bigger the investment portfolio, the more profit you can get. You can invest regularly using the DCA method on a weekly or monthly basis, every dip should be seen as a buying opportunity, you should buy as much as possible while the price of Bitcoin is low. And from then on you should conduct the DCA procedure. Bitcoin price currently low, if you can afford it, invest now, then continue investing using the DCA method, holding long, and reaping the profits after reaching all-time highs.

You don't need to be an hurry to join investment, when you don't have the idea, first achieve the idea before you will begin to follow people partner to achieve your goal because people use to buy coins when their price is low and hodl till their price is high before they can sell to make profits.

BTC still remain the king among other cryptocurrencies, which if you invest in BTC today, you will going to earn double profits in your investment in the future because it use to break into a new ATH every 3 or 4 years which many hodlers has experienced $73k as the highest price so far in this industry.  

When you are doing the right thing in the industry, you will know because you have achieved the skills that will lead you through out the investment to become a successful investor.

But Bitcoin will depend on you because a plan of how long you can hold the holding will certainly play a significant role. No matter how big you invest you must have a plan, because the only plan you can survive in is that you cannot save your holdings whenever your plan does not work properly as you may be forced to sell your holdings at any time. But of course advice from senior people is acceptable they know more updated information about Bitcoin and holding. But I give more importance to planning than these.

Just like millions of others. Just buy it.

What kind of experience can a newbie have? 0 experience.

Any investment involves risks. Somewhere more, somewhere less. It is generally accepted that bitcoin is a high-risk investment asset. It seems to me that in current realities, the risks are no greater than the traditional stock market.

Increase your confidence with the knowledge you gain.

Only by trying will you know whether the decision you made is the right one.

If you are sluggish, then drink an energy drink :) - make a small trial investment.

Awareness of the problem is a half-solved problem. Find out more.

You are delaying the start, which means you will arrive at the finish line (profit) later.

I can't argue with you here.

It is better to delay your investment journey rather than rush because it is too risky to deal with the market with an empty mind and no-how about this, you will only just fail in the end. Better make ourselves prepare and invest first in building knowledge and ideas because this is the ticket of our success. We have to think that success never comes too easily and quickly, it all comes after hard work and patience. Therefore, those people who are in the rush mostly experience failure and losses but those who take and follow the process end with pleasure and more success.

OP, you are not just doing it right but you are exemplary in doing it. Having good plans will also result in something remarkable and positive.

Yeah he really tried for asking questions on how to start up his investments in Bitcoin because a beginner needs to have some basic knowledge about the concept of Bitcoin before making investments because that is what will guide them in the process so he tried for asking for helps and direction and I believe with the opinion of members here he will compare and contrast on the best advice to follow up as a beginner.

Honestly, at the beginning I started accumulating investment in Bitcoin, of course by trying to convince myself first regarding understanding Bitcoin, the development of Bitcoin, and the possibility of Bitcoin prices in the next bull season. And I am one of the people who really believes that I will meet a bullish era with Bitcoin prices that could reach $100k.

So, when you first decide to start investing in Bitcoin, just buy it and then keep it well. And forget about that for now, and don't pay attention to it or it will increase volatility, with market corrections that cause Bitcoin prices to drop again and again. Yes, always maintain your intention and don't panic. So that's it, it will just go like that, from time to time you just have to be more patient to actually achieve the target.

I see a lot of high expectation on Bitcoin price speculation this coming bull run; no one is looking below $100,000, which is a good one; it shows how much confidence the people have in Bitcoin, and I'm also among those who want to see bitcoin break above $100,000, which is an achievable target since we have already seen $73,000 climb by another $30,000, which won't be a big deal for Bitcoin this coming bull run.

Today Bitcoin again showed a slight price correction in the market and caused more altcoins to experience a simultaneous price decline in the market. Nevertheless, everyone should still remain optimistic in their hopes for $100K in Bitcoin as this slight correction will not be a big barrier for Bitcoin heading towards $100K as long as the demand volume never becomes small on Bitcoin. And I think the expectation for a price of $100K is quite reasonable if the bottom starts at $70K by Bitcoin.

You are right but if us to accomplish our dreams into reality, we have to exercise more patient, which is the most wanted attitude in Bitcoin, that is to say if we are afraid of investing or trading in crypto, that we might loss our money.

That is why it's also crucial to study or know the basic knowledge of crypto before investing or trading, so that when the markets fluctuates at times, we won't be afraid or impatient to withdraw or invest our money and at last we will regret of our action. So let's be patient and careful with anything concerning crypto.

Doing any hasty or bitcoin investment is risky. Could be a mistake or not the right time to invest, if you start hiring bills towards pumping the market and if it is short term then you are more likely to be at risk. And if you hire B during market dumping even if it is a short term investment you may face immediate loss. So investment is best if it is long term because if you invest it with patience it is definitely possible to get profit.

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.

If you ain't convinced yet, no need to push yourself to invest but I don't know what is making you doubt, is it Market volatility, People ideology of Risk, Fear.
The truth is, there is no right time to invest in Bitcoin, procrastination solves no problem.
The right, basic knowledge is investing what you can afford to loss, Accumulate Bitcoin with a defined strategy which I would advise you DCA (allocating a certain amount for Bitcoin Accumulation,  weekly, Quarterly, Monthly by doing so you buy at this intervals enabling you build a solid Bitcoin portfolio), with a plan which can be rules you will stick it, setting out emergency funds, so that as you accumulate you would not tamper with your holdings but can use the emergency funds during emergencies.
With this outline you are set to begin, allow market do her thing just have a long term view and be patient.

And if for whatever reasons Bitcoin's price doesn't continue rising, you would only lose what you could afford to lose. But the problem with the OP is that he made the wrong decision, not because he used money lent or whatever, but because he chose the wrong coin in retrospective. Chances are that he makes the same mistake again even if he accumulates Bitcoin now, so the clue is being indolent to loses.

Easier said than done, but every investment poses a risk, and the only way to avoid suffering to some extent is accepting on beforehand the possibility of losing.

I think you have done great by not rushing into Bitcoin investment without the knowledge of it cause you would've gotten yourself into a very big mess (loss,) and that would have result to discouragement and make you have the perspective that some people have about Bitcoin, that Bitcoin is a scam send most of them are people who refused to ask questions, who refused to ask for guidance and rush into it cause they want to make money overnight.

I totally agree with you. It is important to learn about Bitcoin before investing. Investing in Bitcoin can be risky and the market can change quickly but there are many strategies which can help you to make a good decision like mostly people like DCA method. Prices can go up and down fast. It is really important to be patient and think long term when investing. Also keep your wallet safe and be careful online to protect your investments. Because this is really important because we always listen many news about hacking. Keep learning stay informed and make smart choices. I will wish a Good Lunch to OP.

To invest, you need to take a little risk. If you don't take risks, there is no need to invest because you can invest in Bitcoin or any other coin. You must consider the pros and cons and be able to bounce back if there is a loss. However, the most secure option is to invest in Bitcoin. I want to continue this trend by investing slowly rather than all at once because I think you will gradually reap the benefits.

The question you have asked can be answered in two ways: one is seen by those with prior knowledge of Kiptah.  Again, some may be brand new and have yet to get the forum link for which the forum came forward to do something good for learning.
People who already have a good understanding of cryptocurrency will do good things through the forum using their talent.

We can also learn a lot from those who know about raging currencies and make helpful and essential forum posts about them.
For those who are new to the world of cryptocurrencies, this forum is a welcoming space for learning and growth. We encourage you to take part and explore the vast opportunities for knowledge and discussion.

Before making any investment, I will encourage you to accumulate more knowledge first. Don't just invest in bitcoin when you lack knowledge about it, if you invest without having proper knowledge, you will end up frustrated and might lose your money. Some might even be losing their money to scammers because they lack the knowledge to properly store their coins, or some will fall for scammers tricks just because they don’t have knowledge about what they are investing in.
 
People do say bitcoin investment is risky, but I will tell you that every investment you are trying to make is risky, so the best thing is to have proper knowledge before investing in it, and I will say bitcoin investment is less risky compared to some other investments.

Delay is really bad, but if you are acquiring more knowledge before putting in your money, then it’s good that you delay just to acquire more knowledge. If you don’t acquire appropriate knowledge, then you might end up regretting it.

As a newbie, I started my bitcoin investment with the DCA strategy, where I was accumulating bitcoin every month any time my money was readily available. Before I started my bitcoin investment, I studied bitcoin for a while, and I saw the price movement in the coinmarketcap. So when I started my bitcoin investment and the price dropped, I was not worried because I was already aware of the volatile nature of bitcoin. All businesses in the world involve risk, so bitcoin is not excluded. That is why you should always invest what you can afford to lose in case something goes wrong in the way you can be able to handle it. One important thing you should know about bitcoin is that it isn't a quick-to-get-rich-soon thing, and before you start your bitcoin investment, you should have a good income source that can cover your living expenses so that you will not depend on your bitcoin investment to solve them. You do not need to have a wide knowledge of bitcoin before you start accumulating it; the delay is not good for you. If your money is readily available, you can start accumulating bitcoin with the DCA strategy, either weekly or monthly. 

As a beginner, if you wish to start your Bitcoin investment, just make sure you have the basic knowledge of Bitcoin. Like Know the risks involved in Bitcoin, the best places to buy Bitcoin, and the best wallets to keep Bitcoin. Once you have this knowledge, you can start your Bitcoin investment as beginner and later continue acquiring more knowledge after you start investing. If you truly want to wait and gain extensive knowledge about Bitcoin, it will take time, which is not really bad. However, but I think you may be missing some opportunities.


If you are not fully satisfied with the knowledge you have about Bitcoin, it is better not to start investing because delays can be detrimental; however, in the cryptocurrency industry, especially when it comes to investing in Bitcoin, I believe it is never too late to invest anytime as the market is constantly evolving and growing, so taking the time to become fully informed and understanding the risks involved will ultimately lead to a more confident and potentially rewarding investment decision.