Bitcoin Forum

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make  some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

Critics will say bitcoin is too volatile and also bitcoin mining is demanding for too much electricity. No one can say bitcoin is not a currency because bitcoin is money and what represents it as money is its currency part.

About the illegal use of bitcoin, fiat are used more for illegal dealing.

Bitcoin is not fixing anything related to this because there is nothing to fix regarding this.

I will say that no matter what the government is doing to see how they can kill privacy in the crypto space and critics on bitcoin , you should keep on accumulating more bitcoin and save your coins in a noncustodial wallet where only you have control over your keys  that will be the best way to be an anonymous bitcoin hodler.

In future bitcoin will be seen as safe haven since some banks and countries have already started buying bitcoin as their reserve funds. I believe that in future bitcoin price might hit $1m, and this is why it is worth hodli for a long period of time.

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

When you are at first engagement or totally noob about Bitcoin then reading up its WP would be giving out that direct idea on what it is https://bitcoin.org/bitcoin.pdf
On the moment that you do make yourself aware on what it is then you would definitely be having the idea on what you are dealing with. It is really just that a bonus that its value is something
that do increase but we cant really be able to deny that majority will really be giving out some emphasis when it regards on making money rather than on its actual usage or utility.
Investing on Bitcoin and what are points to consider? Invest on what you can afford to lose, dont expect something about 100% assurance. Bare up with the risks involved when it comes to volatility.
Get prepared in terms of those cycles whether bull or bear cycles.  Expect tons of criticisms or other negative inputs and legal issues and never ending sentiments that this market
could really have.

As stated on here many times, the best way (typically) to invest in anything is utilizing a strategy called DCA, or Dollar Cost Averaging where you're putting your money in to bitcoin, say $100 every other week throughout the entire year.  No one knows for sure when bitcoin is going to be high, or low, so this strategy allows you to make sure you at least hit some of the "lows" to get more bang for your buck.

Critics are known for what they do, which is by antagonizing anything they don't seem to go along with, the first one is that coming from the government and this is because they believed that they have no idea on how they can be in charge of it, control and regulate it, instead they had to prefer making attacks by calling it various names just to discourage others from adopting it.


When we are considering a decentralized digital currency like bitcoin, we don't have to wait till the government make approval for the use of such, we need to go for what we want when we are been denied of it from the first place.

So when investing in Bitcoin you dont need to consider whether some people use it for
illegal purposes or that it doesnt operate as a currency, they are irrelevant considerations.

What newcomers should be considering on a basic level is that there is not going to be
a 100x profit and profits will take time depending on what way the investment is done,
like by trading and/or DCA. Other considerations are at what stage in Bitcoins cycle
the investment is starting and how long you are willing to wait.


I dont have an opinion about other people, they are free to use Bitcoin as they see fit
for themselves.

they make use of technology in their finance development. but it may be different for some people with ideology. after all when they consider themselves unbanked then Bitcoin is their way to bank their money.

if you are to invest in BTC, consider the most important thing to have, always hide your seed phrase. keep it somewhere hidden in a place where no one ever visits but of course you may give a clue to your kid or wife.

The purpose of bitcoin is not based on a big exchange, although most people buy and hold bitcoin because of the people who are selling it, and they prefer to hold it on an exchange as they believe it's the best place for them to store it. 
 
What I will say to those who invest in bitcoin is that they made the right choice, especially when they invest in it with their spare money, which means the price dump and shake won't affect them at all as they will be patient enough till the price of bitcoin increases. 

Yes, bitcoin price is highly volatile. Are you willing to invest in a project you are not certain about it's outcome? I think this is the very first thing any prospective investor should consider before investing. Most of these Bitcoin critics who are using bitcoin price volatility against Bitcoin base their judgement on the fact that they or someone they know lost their hard earned money after a very short while of investing.  This can really be painful,  especially when they are not prepared for such a loss.

A person who has already put these price fluctuations thing into consideration will bring up strategies to reduce his risks so he can make some profits. It's either he adopts the DCA approach or invest for a very long time as there are possibilities that the value of his investment must have appreciated as at the time he will be ready to withdraw.

  while securing and accumulating more Bitcoin, what if it's crashes along side while battling with the government? I know it's very difficult for Bitcoin to crash, but what if it happens in the future that Bitcoin got down. Then all investment are gone, we all know that Bitcoin is heading very far  it will surely be as safe haven soon. I like your response and believe towards it. And the banks they already know what's coming, seeing things and how Bitcoin operates and price hitting up it shows something huge is coming. I like your consideration.

Then on your own how do you understand bitcoin? Then the critics should also tell your the functions of the fiat currency so that we can see if there is any different between the two. And if I am not mistaken, fiat currency is to exchange goods and services physical and in the recent time it has used as the digital Banking system which is known as cashless transactions of buying and paying things. In my country if you go inside the bank, the highest amount of money will be given to you now is $6 or $8 and I don't know if because we are from the poor people.

But when I went to the bank to take some amount of money, the cashier told me that it's only $8 they're giving out to customers and I took the money and left. Because of the things we buy now is transfer and not cash a again. So I don't see any different between bitcoin and fiat anymore and the only different is that bitcoin has lost it core value of digital currency to buy things but people are only interested to invest with it.

people that is already in into cryptocurrency especially Bitcoin the technology behind blockchain I don't really know if you are teaching people who is already in the forum or you are teaching yourself or you are taking a beginner who has not gathered information of cryptocurrency and its transaction so that is what I really want to know because sometimes when we are making a discussion wish you the at least consider people who has already been into the business before now not teaching people who has already have the experience before you

So what do I think about people investing in Bitcoin? Is that a trick question??  I mean, this is a Bitcointalk.org forum so most folks here are probably fans.  but sure, lets chat.

Bitcoin definitely has some issues that give people pause.  The price jumps all over the place.  There is some shady stuff happening on the dark web.  But Bitcoiners know what they signed up for.  Either they truly believe in the whole decentralized currency revolution thing.  Or they just wanna make a quick buck on the volatility.

My take? Hey, you do you.  If you wanna dive in go for it.  Just make sure you learn about it first, get the risks, and dont come crying if you lose that money.  Bitcoin has always been a gamble.

Bitcoin's volatility is the whole essence of the introduction of monetary decentralization. It's also majorly the reasons why it's regarded as a digital currency that appreciates with time.
As for Bitcoin mining, I don't think critics are actually the main people behind the escalation; bitcoin hasn't been a secret right from time being, so I guess alot of people have been looking through to either make a rough estimation on how profitable it is to mine, or basically, the miners themselves put everyone on the know.
What leaves me speechless is how the governments are all out for Bitcoin  :)

Those who invest in bitcoin are those who really believe in the future of bitcoin, just imagine you are fully invested in an asset that you don't know what will happen in the future, and there are many parties who are putting pressure on it, such as governments in many countries

However, according to reports from several exchange owners, every day there are always new investors who register on their platform and 50% of them buy Bitcoin there, this proves that Bitcoin continues to be in demand regardless of its price volatility

Its very unclear what the OP is pointing at; I dont see any relevance from his topic title to his statement. Anyway, to answer the topic itself, what does the beginner or any people need to consider first before entering in bitcoin? Well, for me, the most important thing is awareness of the risk. We know how risky bitcoin is, and many investors or people who recently entered in bitcoin just because of the hype, so they ignore the most important thing that should be considered, which is the risk. Yes, maybe they have earned from riding the trend, but how about the other days? Or weeks? How could an investor survive without the trend? Of course, if you enter bitcoin without the basic knowledge, then you will know what the risk is in bitcoin, the risk of losing money, and you should be aware of yourself if you can take those risks and lose money in the process.

Yea i wouldn’t say many people today do not treat bitcoin as a currency but rather they treat it more today as an asset to hold as a result of the distinctive characteristics that bitcoin possess and which are characteristics for good asset to hold. People today to not just bring out their bitcoin to trade like that but rather look for other means.

There is nothing wrong treating bitcoin as a investment so my advice to any one trying to come into cryptocurrency or specifically is to think long time. Many people fall to losses today in cryptocurrency or bitcoin because of the duration of timing of when to buy and sell.

Those who have never seen bitcoin as a currency are obviously those who are pro fiat and only follow what the government tells. So I don’t think their opinions greatly matter to us. We trust to invest in bitcoin not simply because we believe it’s a good currency, but more on a highly profitable investment tool. If critics don’t see it that way, then that would be their problem anymore, not ours. Let’s just focus on bitcoin, and leave them on fiat. Bitcoin will come to prove to them in the end.

Financial capacity, risk management and tolerance, and depth of your knowledge about it. Not because other people are profitable with this industry, same thing goes with you in an instant. Everything starts and ends in a process; you need to know more than that. It will be easy to invest and fill your bag with Bitcoin investment but what's next? When will you be taking the profit? How will you cope up if a sudden market crash happen?

It is easy to say just hold and invest more, but until when? You need to have your goals and you need to know how to execute your plans. Investment will always involve risk, be sure to be prepared for it.
Whether it is being a currency or an investment pool, what matters is for us to make use of it in accordance with our purpose or goal. It is both good as a digital currency and an investment asset. You just do what works best for you.

Bitcoin can be good or bad for some people, but we aren’t here to invest in bitcoin and follow their opinions or ideas about bitcoin. We have our own thoughts and insights based from our in-depth research, so let’s stick to that and never mind what negative critics have to say. As long as we invested using our own money, and believe that bitcoin can be a good currency and a profitable tool for investment as well, then their final say won’t affect us. We are responsible of our own thoughts and decisions when it comes to bitcoin, so let it won’t be influenced by what others have to say.

Consider the risks so that you don't have too much worry about investing and look for a safe storage place to protect your assets. Apart from that, there is no need to worry too much because investments definitely have a level of volatility and our job is to try to minimize it. If you want to make a profit then learn what should be considered for investment so you have an idea.

Bitcoin has provided many conveniences for people involved in it and bitcoin has also provided a way to achieve financial freedom. To understand how, we have to get complete knowledge so we have an idea of how to get involved in investing. There are risks involved in betting, but it won't be a problem when you understand the journey of Bitcoin itself.

When you are in a community that is pro Bitcoin, of course you will ignore all the negative sides that come out of the mouths of those who are against Bitcoin. They criticize the presence of Bitcoin for various reasons, one of which is because their business is increasingly threatened by the presence of increasingly developing Bitcoin technology. What critics say about Bitcoin is just unreasonable nonsense and they cannot find a single reason that can bring down the prestige of Bitcoin from people who have made a lot of profit from the investments they made in Bitcoin.

Maybe you will easily get an explanation of how BTC works, if you want to browse on the internet it's also easy. Bitcoin operates on top of blockchain technology which is certain Bitcoin is a revolutionary innovation today.

Surely if we already understand.


For this point, it's only good to pay attention to the increasing adoption day by day, if you are affected by issues that are not so important, ignore them that you will hinder your desire to come and invest in BTC and take the longest time to start. What is certain is that by participating in investing with Bitcoin you also have the opportunity to get additional income whether you trade or invest for the long term which is clear if you are confident, patience will be beautiful in time.

A lot of us who have embraced Bitcoin are also guilty of this offence.  Many would rather keep bitcoin aside as an investment and will never use it to make payments for commodities they bought or services they enjoyed. I have seen lots of people who think spending bitcoins same way we spend FIAT currency is stupidity on the side of the bitcoin holder. Up till now, even though most of us have seen Bitcoin's worth, many still won't consider bitcoin as a currency. These thoughts are not influenced by the government, neither are they critics. They are just being extra careful so they don't spend their "little investment " on a bottle of Coca-Cola.


Interestingly, criticism has never affected the value of bitcoin, so who cares? At some point most of us had a negative mindset about bitcoin, today we are singing it's praises. My advice to those living in such an environment is that they should avoid discussing Bitcoin because those guys will always criticize.

You must consider the amount of money you want to invest in Bitcoin, learn how to anticipate the risks of investing in Bitcoin, and check the status of Bitcoin in your country so that you don't violate the regulations.

People who invest in Bitcoin already know how to use Bitcoin. They also know that the price of Bitcoin will continue to change, so they are aware of the risks they have to accept. Those who have invested in Bitcoin for a long time are already accustomed to reducing the risks.

That's why they have to learn how to invest in Bitcoin. The risks behind Bitcoin investment have made many people panic because they are not ready. For this reason, anyone who wants to invest in Bitcoin must know what to learn.

mainly what you need before we enter into bitcoin is to understand the protocols of bitcoin and they understanding the protocols of bitcoin knowing the advantages and the disadvantages of Bitcoin because many people ventured into bitcoin without understanding the the protocols that is involved in Bitcoin actually the risk that is involved in Bitcoin is one of the things that met people to say that bitcoin is a scam and if you don't understand the procedures of Bitcoin very well you will end up in saying that bitcoin is a scam because you have not know the theory or the rules and the regulation of Bitcoin so making a research is one of the prominent thing that is important for someone who want to go into bitcoin supposed to do and the also asked for the merit and also demerit of Bitcoin

What business sectors are threatened by the growth of bitcoin? I don't think bitcoin was created to threaten or replace anything in this world, it was created as an alternative, never as a replace.

I think people who talk bad and criticize bitcoin simply because they missed it and now they are jealous of many people who became richer than them by investing in bitcoin early on. Or they are just using tricks to find ways to keep people away from bitcoin and they quietly invest in it. In my opinion, rich people never want to share their wealth with anyone and they don't want everyone to become rich. So they will use every means to keep people away from that wealth.

Not only critics, we can see many billionaires and rich people, most of them rarely say good things about bitcoin. The simple reason is that they don't want everyone to become rich like them and don't want to share their wealth with others.

concerning about the government, what did crypto currency really do that always makes the government looking towards them? Bitcoin it's legit reliable and trustworthy when it comes to trading, and investing with Bitcoin will always give you hope in life. so I don't see any crime that crypto currency have committed and why the government or people are after them always. For me their opinion doesn't matter to me but with all this going on battling with the government, it'll look some how to the people who their instincts was to invest with Bitcoin. But along side hearing all this maybe their trust might not be that stronger anymore.

Consider your income, because that way, you will know how much money you'll be putting in your investment plan, without consideration for your income and the bills that you're paying then it will result to you having an unorganized finances which would eventually lead to confusion that will result in you losing a lot of your investment because you're going to need extra money for extra expenses and there will be a point where you're going to have to take out some of the money in your investment, in an unorganized financial health, it's inevitable that this thing will happen.

Just remember that bitcoin is so decentralized that no country can control it, no matter how powerful they are; the only thing they can do is interfere in their country. Why? due to the decentralized nature of Bitcoin or other cryptocurrencies.

No matter what other countries say today that is against Bitcoin that it is not a currency, with the value that Bitcoin has in the market today, do you think it has value or not? Even institutional investors in other countries are clamoring to save or invest here; if it has no value or no currency, do you think they will allocate millions of dollars just to buy Bitcoin? You think you op?

It is a new time where traditional money is not the only money that exists in the world. We live in digital age and so shall a lot of people expect that many things are going to start becoming more digitalized. Soon the government will realize how blockchains can actually change our world for the better.

BTC is a tool, just like fiat is a tool as well, and both bad and good people use both fiat and BTC. However, we do not hear people ask for fiat to be banned because criminals, money launderers and drug traffickers use it, then why should BTC in itself constantly be in the news when criminals use it for illegal activities.

So many merchants in different locations of the world accept BTC as payment, you can even use it for online payments, that makes it a currency. Yeah it is volatile, but as a merchant you could convert BTC to your currency of choice once you receive it, or you could take any payments made to you in BTC as an investment, and hold it for the long term. That's if you have enough funds to cover the cost of operating your business.

those investing in Bitcoin are individuals that understand the importance of freedom and are willing to buy into the idea of liberating themselves from a system that only seek to enslave it user and deprive them of full ownership of thier wealth.

With what's currently happing with fiat, we've seen almost an higher rate of volatility with fiat more than what is even applicable to bitcoin and the sad thing is that for fiat, most of them have been experiencing regular and consistent devaluation in Thier worth and it purchasing power has reduced to drastically with time. For those of us that use NAIRA as our fiat, the financial systems hasn't been as bad as what we have now with fiat loosing it purchasing power and inflation gaining momentum at a tremendous rate. It only calls for an alternative to these faulty systems and Bitcoin comes him as the surest alternative that has the potential of solving most of these problems.

If your point are only blockchain and digital currency, the government can create their own digital fiat and using private blockchain instead of traditional ledger, so the government will allow their digital fiat and don't have to accept Bitcoin or any other digital currency.

Bitcoin is not just blockchain and digitalized currency, but it's way more than that.

Not really, because not all bitcoin investors are using decentralized exchanges, non-custodial wallets, the majority are still using centralized exchanges and even store their bitcoins on it.


Even if your country uses bitcoin as a replacement for your national currency, there is no guarantee that your country's economy will be better and people's lives will improve. A country's currency is valued by its economic potential. If your country has a corrupt government that doesn't care about the domestic economy, people don't have jobs, don't generate income, avoid taxes. Even if you use bitcoin or any other currency, your country cannot escape its current difficulties.

The context of the OP is just not the same as the title therein, regardless, you should never take lightly all warnings about Bitcoin, but try to continue to use your Bitcoin safely and wisely where applicable. The person who talked about the high volatility of Bitcoin as a disadvantage of making it a currency/legal tender spoke sense in my opinion, or is that not true of it? You can hold your fiat currency for years before it has some value so much devalued from it through inflation, but Bitcoin may get devalued so much in just a year. So what is the reliability and the gain of the economy in that regard? And truly, Bitcoin is still young, so we should proceed with care so that we will not be a victim of what we do not really know of, even at its high price which is also a concern on its own even as some quarters are already talking about it.

However, in investing my Bitcoin, I only consider two things, which are; 1. The prevailing price and 2. The trend/sentiment of the market. I buy at a low level and liquidate when my trading chart tells me to do so to avoid losing back much of my previous gains.

Anything outside this must be to be using my Bitcoin for inflow and outflow purposes only.

Bitcoin is a digital currency. There is definitely risk in bitcoin investing If you want to invest in bitcoin you definitely can. But before investing in Bitcoin you must know enough about Bitcoin market then you have to invest. Bitcoin investment should always be a long term plan Many times it is seen that many new investors invest for a very short period of time thinking that they will become millionaires overnight but this is not the case. We must be patient in Bitcoin investment. Patience is very important. Sometimes we get impatient. We should not lose patience.

Expect recognition that Bitcoin as a currency and can be used as a long -term investment asset from critics will never occur.
They always campaign about volatility and other things that lead to negative activities. Positive considerations that will be obtained from people who think rationally will be considered as part of the pro-group of Bitcoin even though the defense occurs because these people have proven it by investing and using bitcoin as a currency.

The consideration of me from investing in Bitcoin is a hedge. Thank You.

Bitcoin is a digital currency, so it has monetary values. I don't understand the aspect you said about volatility use in illegal activity, volatility is basically about the instability in the price flow, and i don't see how that can be used in illegally maybe you need to explain further.
Well, for people that have invested in bitcoin, I think the testimonies about the reliability of bitcoin and the return on investment on bitcoin cannot be overemphasized, because over the years there has been an upsurge on investment because people have seen what it entails.

Just decided to read through the replies before anything and I find your comment very interesting. I am not supportive of making Bitcoin investment a public knowledge neither do I encourage anyone to seek public validation before investing in Bitcoin. Those who fail to control the flow of information regarding their Bitcoin investment can easily be mislead because the negativity against Bitcoin is huge, just that it is slowing down as more people are beginning to see that Bitcoin is not a scam after all.

The right thing to do is to use any method of buying Bitcoin provided the intention is to hold. of course this has to come after making sure the basic and fundamental knowledge are acquired before starting so that the investment can be well managed and protected from theft. This forum have all the information needed to be a successful Bitcoin investor.

Volatility, usage of Bitcoin by criminals, irreversibility of transactions, environmental impact, occasionally high transaction fees etc. can all be considered if they are important to a certain person. But I'd say that this isn't what one should start from. The initial questions should be: how much money can I afford to lose and thus can dedicate to investment? Do I believe that Bitcoin's long-term upward price trend will continue for the years to come? Which wallet should I use, and which seed storage method will I choose? Will I sell when Bitcoin gets above/below a certain point?

Yes, there are lot of things to consider before venturing into any form of investment, of which Bitcoin especially is no different than others, as factors such as, amount of Bitcoin to buy, which wallet to store your Bitcoin, and how long you intend to HODL your Bitcoin (i.e either Long or Short) are all basic factors people consider with a Bitcoin investment.

I have just only a singular opinion about all those who have invested in Bitcoin, and the opinion is that I'm happy they all made the right decision by choosing to invest in Bitcoin, rather than leaving their funds in fiat where it's value gets depreciated. Hence, my advice to all is to keep investing in Bitcoin, as it future holds more good for us all.

Op's English is not the best, but what they meant there is what a lot of people say, including the government, and that is that BTC is used by criminals for illicit activities. However, the people who have this narrative forget that BTC has a public ledger, and in order to use BTC to hide your illicit activity, you must use it in addition with privacy tools, and not everyone has the knowledge to do it correctly. I clearly have the opinion that criminals use easier and quicker tools to launder money, rather than BTC, and the number that use BTC is not as high as the government tries to portray it.

lThe most important non technical thing which we need to consider is the fact that you don't get rich overnight by investing into Bitcoin because most of the new users don't have any idea about Bitcoin and it's uses but rather consider it as an investment but unfortunately some are made to belive it's a get rich quick scheme. People need to hold it for long term and also set goals in the sense targetted profit and once it's achieved they can set stop loss.

What to consider when looking to invest or get involved with Bitcoin.
It's best to study everything well first and also the risks that will occur, and most importantly you have to consider that Bitcoin fluctuates a lot.
Apart from that, you also have to prepare mentally, because this is an investment instrument with very high risk
because if you invest in Bitcoin you have the potential to get big profits, but you also risk experiencing big losses too. And this must also be taken into consideration, and start with small capital and don't start with large capital before you have a good overall understanding and knowledge. And also never use important money, or money for your needs.

What do you prefer: volatility or gradual decline? Bitcoin goes up and down, but the yearly average trends upwards. Many currencies stay relatively flat, but if you look at their yearly moves you'll see they're trending down.


Show me a fiat currency that isn't used for illegal things.
IMO it's all 100% fine as long as illegal activity is a few % of total transactions.

If you only invest in Bitcoin, you don't really need to know about how Bitcoin functions as a currency. Just let people argue about Bitcoin whether it works as a currency or not, we don't need to be confused with them. As long as investing in Bitcoin is legal in our country, it is enough as the reason to invest in Bitcoin. But if we want to use it as a payment tool, it is important to understand how Bitcoin works as a currency. We also needs to know its legality in our country. There are countries that legalize Bitcoin investment, but they forbid the use of Bitcoin as a payment tool.

By the way, we must know everything about Bitcoin first before we invest in Bitcoin. It is quite strange if we brave to invest in Bitcoin when we are not sure what Bitcoin is. Knowing Bitcoin isn't only about how it can be used as a currency. We must know everything about it, we even need to learn how the history of Bitcoin and its potential in the future.

Other things that we must do when we invest in Bitcoin:
1. Know the best place to store/keep Bitcoin
2. Know the cycle of bearish-bullish
3. Understand the halving impacts
4. Understand the best time to entry (buy) and exit (sell)
5. Update the information about Bitcoin issues

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IMO/CMIIW

What to consider is how you can steadily fund your account for continuous investment without a break, having a set aside fund from your monthly income is very important and necessary,it is also important to have a target for this will help you ascertain your goal in bitcoin investment , irrespective of the manner which you want to use in investing and accumulating your Bitcoin.
You should also focus on whatever you are doing, whether Bitcoin is volatile or a currency or not a currency people must always talk and criticize ,so do not be distracted.

When you talk about investing in Bitcoin, there’s just one major thing to consider, and it’s the volatility. Investors must know that what can go up can always come down so while they are trying to make money, they have the tendency to lose money too. But if you talk about things to consider about Bitcoin generally, I’d say learning exactly how everything works is as important as the currency itself.

I know a lot of people most have contributed enough or have mentioned what I want to say in one way or the other one consideration which must be put in place before investing in bitcoin or while investing in bitcoin.
One major thing to consider is having a good source of income. One must be well to do with his or her income to venture into bitcoin because I don't expect anyone wanting to invest in bitcoin to it in all her income into it as it discourages long term Hodling which is always a primary goal.

Another thing that must be put in place is emergency funds that could last for at least 3-6 months hence one would have nothing to do with his or her investments for a short period of time instead it will be sad to holding for a very long term hence profit will be guaranteed.

We must not forget also one of the most important thing which is security and self custody. In storing your assets a self custodian wallet is most advisable and an open source wallet like electrum.

Is there anything to say about ourselves? Well, one thing is that hopefully we reach a certain peak that everyone is going to be happy about it. And we are investors of Bitcoin because we know what's coming to it and we understand it not just a crypto but also an asset, a store of value that everyone needs to have in order to have some good stance on this hard time for most economies. That's the reason why we're all holding it and people need to realize that it's here to stay.

Very well-said, if you will venture into this volatile market, make sure you have back-up resources so as not to put yourself in a tight position. Because if you only have your bitcoin in stash, most definitely, you will use this when you need it for other expenses.
Also, one thing to keep in mind is how secure are you with your btc holdings? Given that you know how to deal with this market, you should not forget how vulnerable this asset to hackers and the likes. So better not divulge your crypto dealings over the net. Better keep it to yourself or be discreet with your crypto activities.

There are several critical factors that you must consider when investing in Bitcoin. If you are a newbie investor then you must choose DCA method of investing. The amount of dollars you plan to invest in Bitcoin should not be invested at the same time, in which case you need to invest step by step using the DCA method at different prices.
After making the investment, you will have to come to see if there is acceptance of Bitcoin in your country, if there is acceptance, and if your country's government imposes a tax on Bitcoin transactions, you will have to pay the tax. Moreover, you have to monitor your work to see what you are spending your bitcoin on, if you have spent it on any illegal activity, you have to be fully aware and control yourself so that you do not use your bitcoin for illegal activities.

Why do you need to mind what people are saying so much really? At a certain point the price of the product already speaks volumes, and I'm pretty sure Bitcoin is at that state already. Same with the idea of knowing how it works. If it was new yea go for it, but if not then you don't really need to. It's a good thing, but not a necessity.

You'd mostly only really consider whether you can buy it, and whether the money you spent buying it is money you can afford to lose or not. At least that's what I mostly consider. I guess you can also add whether to DCA or not, but ultimately that's up to preference or what you're better at instead.

I agree with you, yes we don't need to bother thinking about people who don't like bitcoin or who are not interested in bitcoin because of course everyone's opinion will be different.

and of course we shouldn't force people to see it that way and of course there are those who like to use Bitcoin as a means of payment and there are also those who don't. but what is clear is that I think Bitcoin has many benefits and yes, we can like to use BTC. but in my country BTC is only allowed for investment so I'm sure that now there are fewer and fewer people who look down on BTC and of course I'm sure Bitcoin will get even more advanced.

and I see that now in society it is starting to become popular, which used to be anti-bitcoin, now many people are starting to invest in BTC and this proves that BTC is a valuable asset and many are starting to believe that BTC is a good asset for the future.

Indeed, it would be better for us to divide the capital that we will use to invest in Bitcoin, but indeed we have prepared a framework scenario beforehand, so that we know which areas we will use as a reference for purchasing Bitcoin, that way we have the opportunity to get the best price, if we only place a purchase once, so if the price continues its decline then this can disturb our psychology. In my country, crypto trading is taxed, so don't carry out activities that violate the laws in force in our country or we will face the law.

I guess op is worried about the public’s opinions about bitcoin that is directly linked to its adoption. The general public will be the ones to decide if bitcoin is already a mainstream currency or something to avoid. Of course for investors, more interest will lead to more demand which will benefit them as well.

A chaotic post connecting the incompatible. What are we talking about when we talk about people investing in Bitcoin? These people are good financiers who understand the value of Bitcoin and know how to save their money from inflation. Anyone who wants to know the truth about Bitcoin should stick to all the information and not just rely on good or bad facts. A good return on investment will come from those who weigh their pros and cons, act wisely, avoid panic when they see the market fall, and wait patiently for their goals.

When investing in Bitcoin I consider the notice that I will make profit in the future if Bitcoin keep reaching new ATH.
I don't care what the government are saying against Bitcoin, I don't care about the criticism of Bitcoin haters, what I care about is the good thoughts that other Bitcoinist have for Bitcoin and I want to make profit just like some many investors have made profit too.

It it true but anyway mate you forgot to mention decentralization which is one of the most prominent features of Bitcoin because it isn't in control or isn't controllable by any country or authority or third-party service just due to the decentralized nature of Bitcoin.

What might be surprising is that some people don't like decentralization, this is the reason why they don't like Bitcoin and prefer traditional financial systems over Bitcoin and cryptocurrencies because they believe that if you can't touch or feel something, it doesn't exist. However, the thoughts of such people should change after they come to know about Bitcoin which doesn't have a physical existence but has created a big name for itself in the world.

The government or critics will always have an opposite thought about bitcoin,if the critics say that Bitcoin is not a currency,then what's the purpose of a currency?the purpose of a currency is to make payments for goods and services.Bitcoin is used as a method of payment for goods and services just that it appears in a different way, the payment isn't physical but an online payment that's decentralized.No matter what critics will say bitcoin is a currency and also an asset for investment.

Bitcoin is what it is, no matter what we or anybody thinks about it, and the truth is that it's a store of value that is changing the lives of it's holders, so it's a gem that is not hidden, only the bold takes advantage of it's values. The world has evolved, from trade by bater, to valuables like gold and silver, to fiat currencies, now we're in the digital age, and Bitcoin, being a digital cash is taking over the naretive as the future currency. Some people and governments like to remain in their comfort zones, where they'll continue to do things the old ways, but they forget that the only thing that's permanent in this world is change.

Bitcoin is a currency as well as an asset. Bitcoin is accepted in a small number of countries around the world and will be considered as Bitcoin currency in those countries. For example, in El Salvador, Bitcoin is accepted and everyday services and products can be exchanged for Bitcoin, in which case Bitcoin will be used as a currency. As my country Bangladesh has strict ban on Bitcoin and we cannot exchange any product or service in exchange of Bitcoin, in this case I don't understand whether Bitcoin should be declared as a currency in general in my country. But while Bitcoin may not be recognized as a currency to me, it will definitely be recognized as a valuable asset.

You also don't need to be surprised that some people don't like decentralization because nothing is so perfect that it has no disadvantages. For law-abiding people, or those who are not confident in their ability to preserve their own assets, it is understandable that they trust banks and centralized organizations. Just like our parents' generation, banks and governments are ingrained in their subconscious and whether you introduce bitcoin or decentralization to them, they will not care and will continue to trust the government. The world is full of color and we cannot force people to think like us or impose our thoughts on others.

It's hard to believe in most things especially now that the world is evolving there are people who are so premitive to accept that anything is possible and of course you can have them to be blamed because anyone who isn't exposed and doesn't accept that anything is possible would also think this way. Perfection is based on understanding especially in terms of digitalization, all we need is to gradually build trust and start using it along the line we could see the perfection in what we are using.

People do not like unknown things. Anything unknown seem to be scary for people so the concept of decentralization is something they are afraid of even if it just literally means you have full control of your money and no one is involved in controlling it for you besides yourself.they just need to be taught properly but if they do not want to listen then so be it.

You should consider the safety and the length of the holding. Short terms may also give you quick gains but in long run you will have good profit.

My opinion towards the people who are investing in Bitcoin is that the majority of them are spending money to accumulate Bitcoin to make a profit one day.  There are only a few that use Bitcoin as a currency, many of the investors are attracted to Bitcoin because of the potential profit they can get if they hold for it for some time and sell at a target price.

As for the title, I think one should consider they financial capability when investing in Bitcoin.  They should make sure that they have more than enough money to sustain their needs while holding Bitcoin so that they won't be in a situation where they have to sell their holdings at a loss due to emergency needs.


Aside from that he should also consider his knowledge about the securities and safety of his holdings.  He must learn the curve of keeping Bitcoin safely.  There are many instructions online that can guide him in securing his Bitcoin holdings.

Don't think too much about it when we get involved in bitcoin investment because people who have a negative view of bitcoin will continue to make the opposite effort. Investing in bitcoin also has no relationship with the government because we can do it ourselves responsibly even though we live in a country that prohibits bitcoin completely. We just need to act carefully and it is better to be anonymous for the security measures we implement.

Not many places accept payments using bitcoin and many more are not available. Avoid something that causes problems for us because many countries prohibit payments using bitcoin. Let's put aside Bitcoin as a currency first because not many places implement and recommend the benefits of Bitcoin as an investment step.

People can spend money to buy bitcoin but will it be considered as an investment or a gamble, it will depend on their financial status and position when they purchase bitcoin and their plan for their finance in future.

If they use their savings, better part of their savings, to invest in bitcoin, it is an actual investment because they have other money to use, from their savings, from their salary for other spendings and won't have to touch their bitcoins.

If they use all money they have to purchase bitcoin, without any saving left for other spendings, they will have to sell their bitcoins each month or each week, to use for other spendings, it is no longer considered as an actual investment but more like a gamble.

Not their private keys, not their bitcoin. Knowing this warning will help them to choose non custodial and open source wallet to store their bitcoin.
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)
Recommended Bitcoin wallets (https://www.lopp.net/bitcoin-information/recommended-wallets.html)


Choose a wallet
https://bitcoin.org/en/choose-your-wallet

Check wallet review
https://walletscrutiny.com/

There are a lot of things that need to be considered before we invest in bitcoin and listing all those factors I think would be very long. I agree with you, in investing, profit and risk are the things we all care about first, so it can be said that considering our financial capability is what we need to pay attention to the most and most importantly.

Bitcoin is a very volatile investment, it can generate huge profits but can also make us lose, so only invest with idle money, that is something we should consider and consider. As long as we have not solved the problem of capital for investment, do not rush to consider other factors because capital is the most important thing when it comes to investment.

exactly and since he is specifically investing in Bitcoin then that must be safer comparing to
altcoins in which there are tons of numbers considered as shitcoin or trash coins so better settle in bitcoin
with Longer term than just short term that mostly the return is tin that  you should also consider the fee
when taking it out so yes try to buy bitcoin now while its cheap and keep holding for at least a year or 4 .

Aside from bitcoin investors, I bet the rest of the world has never heard of or cared about decentralization, bitcoin has only existed for 15 years, the concept of decentralization is still too new.

Indeed, things take time to become popular, many bitcoin investors have become too impatient to expect everyone to accept decentralization when the concept is only 15 years old. Not to mention, as I said, everything has pros and cons, decentralization is not perfect and each person will have their own choice. We need to respect each other's decisions, don't try to impose our thoughts on others.

We can cut out the bitcoin critics about being used for illegal activities because fiat currency and other form of digital currencies were all being used for illegal transactions long before the existence of bitcoin.
Who ever says bitcoin is not a currency might start his own research and check the market, merchants, and any other companies that accepts bitcoin for their service. I'm sure he'll plenty of those.
Now, for you main question ; first thing to consider when investing bitcoin is to be financially ready before you buy your first bitcoin. That means, you need to have back up funds, emergency funds, savings, or whatever funds you call it, in order for you to avoid sudden bitcoin withdrawals (which may incur losses especially during bear market) when you need funds for emergency. To cut things short, you need to invest what you can afford to lose. That is the very basic rule of investment, but people tend to overlook the deeper meaning of it.

When you always stick to the golden rule about investing only what you can afford to lose even if it's little as long as you decide to invest in it for the long term, you will eventually become successful and also while you are holding some bitcoins, you need to make sure that you have all the knowledge how to prevent yourselves from getting hack of getting victims to those exchanges that are suddenly close. Having enough patience and knowing where to go to catch positivity when the crypto market is not looking well is also an important aspect of this journey because people are panicking when they see all-red in the crypto market while others are just chilling because they know exactly when it would gonna happen.

one of the enemies that the government thinks they have today is bitcoin because they want to regulate it by all means and they think that will happen because in my country, currently, they are not making investing in bitcoin easy. and even going to the extent of making exchanges remove p2p, they are feeling as if Bitcoin is behind the fall of our currency, and if it is the way they are going about it, they are just trying to create more problems because if they get rid of all the p2p, there will be alternatives, and things will eventually get worse. because they wont have anything to lay their hands on. because they can not hold anyone responsible. I wonder where these people get their advisers from.

They are not even trying to look at the good side of Bitcoin all they are putting their focus on is the negative side of it, They are not looking at the opportunities it has given them they can provide jobs but they are trying to fight the opportunity and its usage. they don't want to learn from countries that are making use of Bitcoin as a legal tender. and a lot of people consider profit to be the secondary goal of involvement.

When someone makes an investment, of course they must actually use funds that they do not need for other purposes and also if they fail in the investment they make then this will not cause them to experience financial difficulties as a result of the investment they make and hinder their investment in the long term. Of course, this is very important because they have to be patient in order to get a profit from what they invest.

To be patient in investing, of course we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.

Honestly, I don't think everyone  out there before investing in Bitcoin needs to know how it works or how to use it  unless you are a hands on person and inquisitive enough to want to know your way around BTC , for the guys with big pockets...these will get financial advisors to do the heavy lifting for them and will invest in BTC without even knowing the mechanics of BTC itself .

I think the security point is the main point before the arrival of profits and it is important to note if indeed our investment in BTC has been designated as a long-term investment. In terms of good storage, the private key is always in your hands, additionally install two-factor authentication (2FA) and always use a wallet that has been proven to perform well, of course. Maybe in addition, don't forget to follow the developments related to regulations that develop in your country, in this case BTC.

Of course, to make an investment, it's a good idea to use more money than we need, so that what happens with this investment is that we still have money to meet our needs, because investment is not just a profit but also a loss.

In investing, the first thing we have to do is understand whether it is the ups and downs of Bitcoin or something else, because if we don't understand it, it's the same as spending money for nothing, in this case study the situation first so that we can take advantage of the situation to make a profit. profit, so that the percentage of loss is not too high.

Almost everything you said have been discussed and tackled here in forum for long time now,
and remember that critics will be critics not until they found something that will benefit them
so don't be alarmed of all those things because you are inside the biggest and safest market
in crypto.
so you are asking what to consider in investing bitcoin? then that is the normal ups and down
and better to expect those movement and try to keep tight for the next bullrun.

What you said doesn't just apply to bitcoin investing, it applies to all investments, we should only invest with what we can lose and invest in what we understand well. But what I am seeing is that the majority of people are doing the opposite, many are investing recklessly in bitcoin with money they cannot afford to lose and with the expectation that they can get rich quickly from it. Many people don't even know what bitcoin is, how it works...they just invest through other people's advice. That's why many people panic every time bitcoin corrects.

Whenever you intend to invest in bitcoin,its important that you make your own research concerning bitcoin and investments.Take time to learn about blockchain technology,consider learning about cold and hot wallet.Perform the various tasks,explore the cryptocurrency space and ensure That you're ready to invest in it(bitcoin).
There should be a reason why you intend to invest in bitcoin,some people decide to invest in bitcoin because its trending as a digital currency and they end up with so much regrets.

Before investing in cryptocurrency,you should gain a personal understanding of what you hope to achieve from investing in bitcoin as this will help you with solving the risks beforehand and gain your rewards according to your actions.

exactly we should just focus on what we are doing and leave some people that are talking about bitcoin that is not real is scam, i used to say that anyone that said any bad thing about bitcoin before he said it he should get prove first before he can say negative part about bitcoin, most people don't have money to invest in bitcoin and they will like to try and confuse some people that are interested in investing because they don't have money they will try to stop another person.

The first thing to consider is the market's volatility. You should know how he is and when to start your investment because some individuals do not invest when the price is high they will like the price should drop little before they invest. Second, even if you are losing, you should not sell it at a loss, you should be patient and the price will definitely increase again, that is why is called bitcoin is very good investment, and I see why someone will say he lose in bitcoin, expect is sell when the price is low and he can't wait for the price to raise and get profit before selling it, and when they sell at a loss, they will start complaining that they lost, and bitcoin if you don't have enough money for investment for long time is better you leave it because if you did't invest for long time i think you can't achieve huge profit in bitcoin.

Investors just focus on earning, they don't care if that is decentralized, uncontrollable, or whatever but they see the earning potential of this.
Rich people could hire someone on their behalf to take care of their investment, a smart idea especially if you don't have time to manage it.

As we believe that Bitcoin will continue to grow despite the unpredictable market movement, this makes us think that chances are always there. What we just need is money, trust, and patience. But if we feel we can't make it, we'd rather stop thinking about Bitcoin and think this is not for us. Because it was hard to push through when we are not yet ready to face the reality of being a Bitcoin investor especially when doubts is always in our minds, which only ruined everything and ended in frustration.

When trying to invest in Bitcoin, you should only consider the benefit of Bitcoin and how does the Bitcoin and the crypto market works; if you understand Bitcoin, you have no doubt on what to consider since you will have known that it is a decentralized currency that will store the value of your wealth and you will even have benefits if the market go bullish.

For the people criticizing Bitcoin which are mostly government that like centralization for selfish reasons, they will always say that it is been used for illegal activities and money laundering which is not true in some extent; although people are using the means of cryptocurrency and Bitcoin to do illegal activities which is also been done with fiat money as well.

Currently people who knows what Bitcoin is, knows that Bitcoin is an asset and many really want it badly so that they will also be called Bitcoin investors and more of it, some other want to learn what is all about and own it.
From my end, I believe that every asset where ones an investment and when you have enough of if before it's called an asset. Just as those that are into real estate business, they build even when no costumer have come to make an enquiry, and they believes that after building the they will have it as an asset if they didn't sell it. Si from every investment there's an asset.

As I said there are many factors that need to be considered before investing but I will focus on capital as the top priority. If we do not follow the golden principles of investing, we invest with borrowed money, invest with money for daily needs...even if we have knowledge, patience...cannot guarantee that our investment will be successful. Because bitcoin is so unpredictable, no one can know exactly when it will increase and bring us profits.

“Capital” is the first thing that needs to be considered and considered because not everyone has idle money to invest. Other factors such as knowledge, experience, skills... are not too difficult to obtain.

Evolving/evolution or new techs are now there to help most people to lie more but I think we can also use it as a counter to expose them easily. To be real, anything is not possible like for example getting the sun because it is too far and even if we get close to it, we can only burn our selves.

I believe that those who said or insist that anything is possible are mostly only referring on the realistic stuffs like winning a girl and getting their dream career. As long as this is the ones that we are pushing, we can just ignore the people who will try to put us down or blame us. We can also use them as an inspiration. Show them that it is really possible and let them disappoint their selves. Perfection on the other hand is also subjective.

Many people don't really understand the creation of bitcoin and they only believe that bitcoin was created to invest and make profit. I will want them to go and read the Whitepaper and the reason why bitcoin was created. According the TSC. He said the reason of creating bitcoin has been defeated by investment and that is the truth about the  matter.
Bitcoin was created to pay things online and that is where the concept peer to peer transaction come to.and existence but everyone has gone to the investment side other Cryptocurrency and abandon the core mandate of the project.

You need to under that we have billions of people around the world, so it's normal for people to disagree with each other but you know one things about Bitcoin, the supporters don't argue recklessly, the argue with a fact and that's what critics don't do, they just hate because they can't win and fear Bitcoin is taking away what they dream off with their traditional finance, that been said.

Did you not seen volatility of game stop last week and how they were stopping the platform so traders wouldn't be able to trade, 40% on game stop and nobody is seeing that as volatility, they should be fair in thier arguments because the traditional market is number one place of volatility.

Illegal activity yiu said about Bitcoin, what about fiat? Money has been used in my country many times this year to settled kidnapped victims from victims. What will you call that? Sometimes I wonder who government employ in their office and just says anything without nothing upstairs.

Next please.

security is very important and that should be one of the first thing to consider before any other thing especially for holders because most people don't even know what they mean by keeping your bitcoin safe all they usually focus on is how to buy and then sell and that is why you see people falling victims of scams because they lack knowledge on security about bitcoin and all there focus is always on the market.  and they don't even know that you should not save your money in an exchange it is usually better to safe your money in a wallet than keep it in an exchange but people don't listen and even when you safe your money inside a wallet you still need to keep your seed phrase safely from third party it should only be used by you. because bring a third party will just make everything worst and might open door for your assets to be stolen.


People choose profit over security that is how funny the whole situation can be, and what people fail to understand is that you will make your profit as long as you are patient enough, but people just want to invest and the next thing should be profit. so it is better to have knowledge then through the knowledge you will b able to know the security measure to follow rather than focusing on profits and market there also important things that should not be left out, and if eventually left out then along the line there will be serious issues and you might even be easily manipulated because of lack of knowledge so focus all energy to want to know that  way you will be free.

The people who interact in Bitcoin I dare say are geniuses, and we like those who have thoughts about Bitcoin, Bitcoin really develops a person in various aspects, one of which I mentioned in economics, actually for those who already understand Bitcoin well they are not too hesitant in considering Bitcoin, because they know the effects and what they will get from developing and jumping into Bitcoin.

Therefore, make your investment in Bitcoin because I think this is the place where you will develop yourself in Crypto, and Bitcoin very well has a very unique value. We just continue to pay attention to Bitcoin in this long-term investment period which we are currently doing. this and from several times that have passed.

Almost everyone who understands Bitcoin and knows that Bitcoin is the best asset of all time, will not be so worried about using their money to invest in Bitcoin. Moreover, if the money used is money that is specifically for Bitcoin, it will make you calmer when investing and you won't worry about any market conditions. Because when someone who has been studying investment for a long time and also knows more about Bitcoin, they will definitely still believe in Bitcoin no matter what the conditions.

There is risk in every investment. Regarding Bitcoin investment, I can say that the risk that will arise in case of a decline is time. Bitcoin has always performed well in the long term, but one needs to know how to wait long enough. Investing can be risky for those who are not good at waiting.

Bitcoin's performance shows a positive performance in terms of investment, but expectations may not be met for those who want to earn high profits in the short term. Expectations determine how we should invest. Investment should be made according to expectations and a plan should be created according to the desired results from the investment.

You need to consider several factors, and I would say that the first one is to understand that bitcoin is real money, it's not a game. You must be prepared to go under when the market goes down, not everybody can handle that. You need patience, not everybody has it. You need to understand how and where to store your cryptos, and you must understand that you cannot trust anyone.

Bitcoin investment is the right step for assets in the future. Don't be easily influenced by the market when the market goes down. Don't panic quickly. If you panic, you will suffer losses. In my experience, investing in Bitcoin in the long term will make big profits. You have to be wise in holding Bitcoin and you have to have a lot of it. Follow the latest news so you don't stay informed.

Illegal activities will be done no matter how much the government tries to prevent in. Criminals can always look for ways to hide their tracks as best as they can. In fact fiat might even be safer than cryptocurrencies if you want to transfer illegal money.

However the convenience of bitcoin definitely attracts more people even criminals. The fact that they can transfer money easily from one place to another without having to give off their information is something that makes it prone for criminals to use it. But it’s just one big generalization of how cryptocurrencies are being used.

Obviously not everyone uses crypto like this and it would be unfair to prevent everyone else from using bitcoin as a whole just because of some speculation about criminals using it.

If you want, besides BTC, there is also nothing prohibited, but the most guaranteed to get a profit is BTC investment, of course, as you also said that in investing in BTC we are always required at least it is done in the long term and Many also try their luck by changing the pattern using short-term patterns (short trading), but I am sure the results will not be the same as long-term investment patterns.

About market conditions, indeed the conditions are like that and there will always be such a thing as fluctuations without exception, it's just that the difference is whether the category is medium or small and for those who are used to it is normal. For asset losers, I don't think anything will happen unless we ourselves decide to exit the market during a correction with various alibis, of course. For its own price, BTC at the moment, although moving slowly but quite surely, will reach its new ATH again.

 

Bitcoin has been created as a future universal digital currency which anyone can invest, trading on the related cryptocurrency exchange platform across the globe and Bitcoin has a specific number of token created, which makes it to increase from time to time, because of less supply and Bitcoin has a very high demand in the cryptocurrency market. Hence in the next 10 years of Bitcoin price will be skyrocket more than the current price of Bitcoin in the crypto marketplace.

It is indeed the safest to invest in Bitcoin, no matter how much money you have and at whatever time you will get a profit in the future, but the main requirement and it seems easy but difficult to do is to be patient. with patience we can see bitcoin reach a new ATH, but even though it is safe, many also suffer losses, due to their lack of knowledge about bitcoin fluctuations. Therefore, it would be better to learn about it first before investing

The only thing that came to my mind is that Bitcoin's supply is limited to 21 million coins, so its definitely going higher and higher.

For sure there are a lot of things that you need to consider if you are going to invest in Bitcoin especially because for some people it is still a new thing or new technology a lot of people still doesnt understand how it completely works, even me there are still a lot of complicated things that I dont really understand on Blockchain technology. The first thing that comes to my mind is:

Do your Research If you are going to start your investment in Cryptocurrency and Bitcoin the first thing that I think is to do your research sure you should never start investing without even knowing what is going on, and only start your cryptocurrency journey if you think that you already know what you are doing.

Diversify Make sure that you have a diversified portfolio before even starting to invest in cryptocurrency it's probably the riskiest investment that you could make compared to other investments so make sure that you have, so dont put everything on cryptocurrency.

Solid Financial Foundation Things that I've realized in the past years how important it is to have a solid financial foundation, before even starting investing with anything make sure that you are already secured, with savings, emergency funds, insurance, etc.

Never invest on someone if you are going to in cryptocurrency make sure that you are the one that is going to do it not investing on someone that is going to invest for you.

Learning about Bitcoin first is of course very important and it will not be possible to invest well if we don't have a good understanding of investing in Bitcoin. For those who are just starting out, it would be better for them to be able to invest and hold it for a long period of time, of course this is makes us have to continue to be patient in waiting for the target we want, but for those who continue to decide to invest without properly understanding the investment they are making, of course they will very likely experience losses because they are not able to properly understand what they are doing.

There is always a possibility of the price of Bitcoin going higher in the future, but there is no guarantee because we can't see the future and we know how volatile and unpredictable the market is. The price of Bitcoin can be much higher than where it is right now, but it can also be at the same level or maybe lower if the price keeps going up and coming down after each cycle because we know there are bear and bull markets in every cycle.

People getting into Bitcoin and the cryptocurrency market should understand that even if Bitcoin is considered to be one of the safest investment options available these days, it has its fair share of risks associated with it and an investor needs to understand those risks before they put their money in it.

That’s why in any form of investment, calculated risk should be properly taken. Part of being knowledgeable and responsible investor is to take calculated risk so that if you lose, you won’t suffer a lot since you only invest what you can afford to lose.

Another thing is one should learn to diversify and not just put all the eggs in a single basket. If one plans to invest in bitcoin, don’t go all in but learn to invest at a small amount first and follow with DCA to gradually increase the amount of bitcoin. When profits are achieved, try to risk into another investment, not just to diversify but also to lessen and control the risk.

Yes that is just the truth, investment on BTC does not need people opinion mostly those that may not be of the same view with you, not just on BTC it includes in other perspective of investment there are some things you don't need much of people opinion after seeing the value of what you want to go into and how it's benefiting those involved on it as those opinion may discouraged you and become a barrier for you.

BTC has work out great modality that has reduce transaction stress and become the fastest and investment multipliers for investor, one don't need to be guru but apply simple smartness and understand the market BTC is good for people who invented know it value.

Budget, fees, market condition, trend and more should be taken into consideration when investing Bitcoin but this is only my own personal opinion and is not a financial advice . We all know how risky to invest in crypto especially Bitcoin and we do also have to consider our emotions as it may trigger greed to come up with wrong decisions that might lead to cutting loses.

People who invest in bitcoin knows the function and importance of bitcoin. Bitcoin is a volitille assets which everyone knows, and the reason why people Invest in bitcoin is to take advantage of its volatility. There are many investment strategy but bitcoin as a digital asset is a must to acquire to secure the future. So surely those who invest in it know the importance behind investing and HODLing bitcoin for long.

About the use of illegal and fiat is no less a number of bad activities carried out by a group of people and illegal words have often been used in the Fiat currency before Bitcoin is introduced. Bitcoin is considered quite fluctuating and we even listen to environmental pollution through excessive use of electricity carried out by miners. Bad things especially what we don't listen to about Bitcoin and there is always a possibility that continues to be done to spread negative things about it.

Then what we can conclude and how we respond to each of these accusations while we understand Bitcoin. And vice versa with those of you who join this forum and see how many people say bitcoin in a more negative direction but they are here for the purpose of getting Bitcoin

My opinion towards anyone investing in Bitcoin is that Bitcoin investment should be a total decision of such individual to invest in Bitcoin based on their self believe and self conviction by not considering investing in Bitcoin in terms of what other people are saying or doing, factors to be considered includes:

1. You must know that Bitcoin is not a quick and get rich scheme

2. Investment should be made from what you consider to be your discretional or disposable income after taken care of your personal needs and making provisional emergency funds

3. Having a source of income to ensure consistent investing in other to realize a good size of Bitcoin over a period of time as Bitcoin is best performed when viewed on a long term perspective.