Bitcoin Forum

Hello

Basically Im looking to invest in Bitcoin, i dont have any experience trading but dont mind learning, even-though i find it very confusing.

Im looking to invest around 1k usd, any advice how i can how about with this?

First thing is to be aware that the value of bitcoin is very volatile. You should verify for yourself if the risk is acceptable.

For a nice getting started guide I suggest https://bitcoin.org/en/getting-started. You could also buy bitcoins directly from someone, but it is up to you to make sure they are trustworthy.

I understand Bitcoin quite well, just have no clue how to invest and profit from bitcoin

Don't feel bad, most of us (including me) don't know that and those who do tend to guard their knowledge since sharing it would reduce their own profitability.

just remember that Bitcoin price is changing a lot, do not invest before you have the knowledge about bitcoin in general and also how to protect your bitcoins

take your time explore here first

doing by learning

decision to invest is good

as long as you know the rule of trading

You should buy bitcoin now that it is cheap.
Take a look at many cheap altcoins and research carefully to make huge gains.

First setup your address, most secure is blockchain.info with 2 factor authentication (setup that too). Offline wallets best and quickest is multibit right now.
Then buy and hold long term (2-5 years), and dont be afraid fluctuations of price

you can lend bitcoin and get certain % of interest or buy low and sell high.  :D

Put part of it cloudmining. It CAN BE PROFITABLE.

My first invest into mining contract with bitcoincloudservices is almost back.
Will reach ROI in two days .. then all profit ... check screen for details

http://s27.postimg.org/i5jjk43sf/Cloudmine.jpg (http://postimg.org/image/i5jjk43sf/)

 

I would rather just buy bitcoin and keep it in an offline wallet till bitcoin price goes up significantly.
But if you really want to try trading, you can take a look at the speculation section https://bitcointalk.org/index.php?board=57.0 and see other users' analysis and predictions.

Have you been tracking the market at all?

Just stay away from ponzi schemes and HYIPs.

Safest bet always when it comes to crypto is just to BUY AND HODL Bitcoin, but if you must trade, trade on a reputable site like Cryptsy, Bitstamp, BTC-E or the link on my signature, Bit-x:


https://bit-x.com/

As always, only invest in what you can afford to lose, don't go overboard!  Good luck.

I'd suggest you to buy now and hold for 3 months.
While holding, browse this forum and get some more knowledge.

Try avoiding ponzi schemes, gambling.

Follow the advice in those two posts and I'd suggest sticking more to the latter for now.., stay away from exchanges until you you've gotten a good handle on just how volatile crypto markets are.

Very true. Just take a look at https://bitcoinwisdom.com/markets/bitstamp/btcusd and you can see how crazy the bitcoin market is. It could go up 10 times within 2 months, or it could go down 50% within a month.