HELP

[NotATech]

(If this is isn't the correct place to post I'm sorry)

First off let me start by saying I'm a total Noob to all of this so most of you who are well versed in this field of Crypto Currency will probably laugh at my level of misinformation and misunderstanding of it all. But hopefully a few of you will share some insight and that will be all worth the ridicule. I had heard of Bitcoin before and one article led to another and the next thing I knew I had spent 12 hours straight scouring the Internet for any info about this whole movement in which I had been mostly ignorant to. Which led me here.

I'm  25, have little to no experience in finance, and even less in the technical world. Things I do have: an ability to grasp new concepts and learn mathematical theories, a disgust/distrust in the centralized banking system, the fed, the IMF and so forth, a passion to learn to trade and 100k to invest...I understand that it is an extremely volatile market and that at any time could come crashing down. But I believe there is money to be made and people are making it. I'm very driven and will put in the time it takes to succeed. I just need a plan of action which I'm hoping some of you could help me form.

Also, this is off topic but what are your suggestions for acquiring some technical skills? Should I take some classes at my local college or would that be a waste of time & money because I could learn the same things at home? Obviously I'm not going to become a programmer or dev or anything the like, nor am I trying to be. But I feel the need to have some basic skills and understanding is vital to surviving in this world.

Thanks in advance

[mcb1221]

I understand that it is an extremely volatile market and that at any time could come crashing down. But I believe there is money to be made and people are making it.

well i would say that you are no noob as you know the basic essence of BTC market  see your quote above.
I would suggest you to give your sometime over the forum , read what people are doing here , how they are investing being not getting much in risk and so on.
Do intensive research before investing to any of the investment , be away from ponzi.

[NotATech]

i plan to do my due dilligance before even wetting my feet. Though amongst much controversy it seems to be a common concensus that the USD value of bitcoin will be on the rise once the halving happens. I want to be prepared before even investing one cent of my bankroll but it seems that maybe the purchase of BTC now wouldn't be such a bad move. If this is as close to the floor as we are going to see this year I obviously want in now. Even if I don't make any moves with it for a year as I learn the ins and outs and how to safely turn profit I would still be ahead of the game just by owning some BTC (assuming the the speculation is correct and its value rises) I see lots of people saying that they wouldn't invest USD into it that they would try to "earn" btc or join a signature campaign or whatever. But I'm operating under the pretense of not risking more than I can lose but also that scared money doesn't make a lot of money in this world. I'm no pipe dreamer thinking I'll become a millionaire over night (although if I would've been hip to this shit in '08 I would be sitting pretty  ) But I do think on a grander scale than most.

[odolvlobo]

Currently, the way to make money in the Bitcoin world is through long-term investment. Invest your money and time into something that will be valuable if/when Bitcoin takes off. Invest in and/or get a job at a startup, or just buy bitcoins.

[NotATech]

Currently, the way to make money in the Bitcoin world is through long-term investment. Invest your money and time into something that will be valuable if/when Bitcoin takes off. Invest in and/or get a job at a startup, or just buy bitcoins.

I like this way of thinking. I had some of these thoughts as I was first reading about BTC. Obviously the first things I was reading were more mainstream media and with that a lot of times comes some "fluff" and misinformation in the context as I assume most of the journalist inking the page are not 100% familiar with how everything really works.  (I'm referring to Forbes articles and such major outlets)  but it seemed that Crypto Currency and Bitcoin in specific was gaining some traction with some major players in Finance, tech, and even politicians. How much truth is there to that? I fancy myself a fairly intelligent human (I'm no Rhodes Scholar but I'm no dumbass either) point being I have no problem acknowledging someone's intellectual superiority to my own and if the brightest minds in technology and VC's are making moves in this industry that speaks volumes to me.

[bitbaby]

There is no rocket science to investing in BTC, what you need is a basic understanding of bitcoin/wallets/blockchain/security and after that you need to find a secure place to buy Bitcoins from (depending on where you're from Coinbase might be the safest) and then store in a cold storage for ultimate security.

After that it is just waiting game, you can either do small day trades and/or go for long term investment and wait for the price to go up to bring at-least 25% profit.

Most of the information you'll find here: https://bitcoin.org/en/getting-started

For anything else, just use the search option on this forum, you'll find that probably all of your questions are previously asked and answered. If you still need help with anything in particular just post a question and explain it clearly.

[pooya87]

if you want to get involved with bitcoin and earn money from it, in my opinion the best way is to invest in bitcoin and hold it for a long time until the price goes up.
also you can try trading too, which is a little hard and risky but there is a good opportunity of earning profit.

but remember all of these are risky, so do go all in and invest what you can afford to lose.

[bitdumper]

Good to see that you are investing in bitcoin.
But be aware of Cloud mining,  Crypto doubler,  ponzi,  and untrusted user in this bitcoin world.
If you hate trading 💹 then you can invest via BTCJAM (it's a bitcoin lending platform returning good investment) .  But  before investing please review the borrower carefully and try to lend to local mens.

[Aamir1]

Well, i would say your search for knowing more about bitcoin has brought you on the right place, as you said you are new to this world so you should probably spend some time on this forum and read a lot of threads and topics to increase your knowledge about bitcoin or anything related to it.
And i'm sure if you keep doing that, just after a few months you will take out ideas of your own if how you can earn bitcoins and what is the best way for you to do it.
Best of luck, and welcome.

[Pursuer]

first you have to learn more about bitcoin itself, I am talking about the technology then you can decide for yourself what the future holds for bitcoin. also while reading about bitcoin you should try to stay away from FUD that a lot of media and other altcoin pumpers will spread.

then before starting to use bitcoin, learn how to secure your coins by learning what a cold storage is and what is the safest wallet.

and for investing, you should always research about the business that you want to invest in and then act on it. and remember whether it is just buying bitcoin and holding it or investing bitcoin, always invest what you can afford to lose.