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Author Topic: 1ST Step investing in bitcoin  (Read 273 times)
shacc
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October 28, 2017, 10:30:28 AM
 #1

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink
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jaceefrost
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October 28, 2017, 10:38:10 AM
 #2

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink
Investing? Are you planning on investing in bitcoin (ie. buying bitcoin0 or investing on platforms? If you are planning to buy bitcoin, first of all, where's your area? You can buy bitcoins on different exchangers depending on which is available in your country. You can check localbitcoins , coinbase or a bitcoin atm near you.
 If you are planning on investing your money on platforms like hyips, doublers, gambling bankrolls, make sure that you understand that these kinds of investments is risky.

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Emoclaw
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October 28, 2017, 10:56:56 AM
 #3

Register on a Bitcoin exchange that allows for BTC/FIAT trading such as Coinbase, Gemini, Kraken etc. and get verified.
They are all KYC and AML regulated so you most likely need to provide proof of identity and proof of address depending on where you live.

After that it's pretty easy. Deposit FIAT currency and buy Bitcoins. Those Bitcoins will be held at the exchange until you withdraw them.
I'd recommend that you use a wallet whose private key's you have exclusive control of, such as Electrum: https://electrum.org/#home.
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October 28, 2017, 11:05:16 AM
 #4

You can buy Bitcoin via cex ,coinbase,or localbitcoins.then you must transfer bitcoins to exchange like bittrex, poloniex,binance.Then you can buy alto coins from that bitcoins.if that alto's  price increase,after that you can sell it.that is the basic.There have much more like chart analysis,etc..
You can search YouTube to further reference..
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October 28, 2017, 02:40:39 PM
 #5

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink

I've had a go at writing a guide for newbies that you might find useful: https://bitcoin-investors.co.uk/2017/10/how-to-start-in-bitcoin/

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October 28, 2017, 02:44:37 PM
 #6

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink

Nice though that you've decided to invest in the new internet gold. Since you're new I'd recommend that you read a lot of articles about cryptos and bitcoin investment. Apart from that too you should also go learn about trading (I mean forex trading) as it can make you more mony in the long run if you are good at it.. Though it takes time to say you're now a good trader

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October 28, 2017, 02:47:02 PM
 #7

I'll lay out a couple of ways that you'd be able to invest in Bitcoin, all of this though does depend on your scenario of course such as where you live and the amount of privacy you're willing to give up so you should note that down. The first site that I'll touch on is Coinbase, a site where you're going to have to give them certain documents (Passport, License, etc) maybe even a Social Security card # and then they'll allow you to buy and sell on Coinbase and even using their trading platform of GDAX

This site is nice don't get me wrong, but not many people like Coinbase.

Then there's sites like Kraken, Gemini and so on. But all of these sites fall into the sameboat, as you're going to have to give up some privacy in order to pay the least in fees on their platform (and in general)

You could buy on Local Bitcoin, Paxful, and even on the exchange section on here but the problem with that is you're going to be paying a high amount in fees due to getting more privacy.




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October 28, 2017, 02:57:28 PM
Last edit: November 01, 2017, 03:47:55 PM by Carmen01
 #8

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink
Trading is risky try mercatox and poloniex good for beginners in trading you can earn for waiting only i recommend xrb and bitcoin then if you make withdrawal you can add fee for fast transaction not like other exchanger you can also invest your time to read in forum then make atleast 1 to 3 constructive post per day then if you rank up to member join in some open campaign the key here in bitcointalk forum is knowledge for good profit even without investing


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October 28, 2017, 03:07:50 PM
 #9

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink

you are planning to investing in bicoin the first step i will recommend to you watch video on youtube read the threads discussion about trading to get more knowledge skills to protect your investment, learning is the foundemental knowledge are the best way to get strategy how to gain your investment, if you follow this idea's thyou become successful traders sooner.

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October 29, 2017, 05:35:21 AM
 #10

Start in converting or buying bitcoins using your fiat money. After that, you already have started investing because by just having bitcoins, you have an investment. After that, you can invest in projects. Or you can do tradings, there are a lot of things you can do to start having a gain.
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October 29, 2017, 05:45:18 AM
 #11

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink

First you must choose any exchange wallet that is trustworthy and that will require much effort because of redundant spread of clone with scamming codes in it.. It’s better to have it in legit AppStore in your convenience and my recommendation would be using more of a wallet that is available in your country.. Because Coinbase and much more wallet don’t support buy and sell in all country..

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October 30, 2017, 04:12:13 AM
 #12

I am new with bitcoin , and i want to start investing in it to start earning gain.
my Q? i dont know how to start and where i should begin my first steps, waiting your ideas  Wink
You can buy btc then wait for prices to rise and sell. That is the simplest way. But you should invest a small amount of money to avoid heavy losses when not familiar with the investment. And besides btc you can invest in the altcoins.

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October 30, 2017, 05:04:56 AM
 #13

If you would like to  invest in   Bitcoin or altcoins  then the first thing you need to do is first educate yourself first about bitcoin and other coins, check how crypto currency work. You may google and research it and you may watch videos in youtube.   I can safely say that crypto currency is the wisest investment i have done and i have wished i have known bitcoin or crypto currency three to four years ago. I have bonds, mututal funds  stocks and VUF but my investment in crypto is the most profitable. The profit in Crypto is insane and that is the reason why economist or some people are assuming that bitcoin and crypto is just a bubble but if they are correct at least I was able to gain from it.
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October 30, 2017, 05:40:38 AM
 #14

Hi mate, I would like to welcome you firt here in the world of crypto.
First thing you need to do is to have a knowledge on crypto currencies where you want to start on, where you want to invest on, because surely if you do not know the coins then it will be hard to start with that.
And, secondly, this must be always remember, you must invest only the thing you can afford to lose on, because it take a big risk.

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October 30, 2017, 06:08:39 AM
 #15

Welcome to the society of bitcoin, first you need to be knowledge in the bitcoin read and watching is the best platform, there many ideas here in the forum, if invent don’t invest in big amount do it by little by little. Remember Don’t put our investment in one basket
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October 30, 2017, 06:17:42 AM
 #16

The first you need to know in the investment, you should know the concept of the investment you are entering, think what is the best strategy, you need to be, you need to figure out what is your goal, and last your plan to achieve that goal, your knowledge is your platform in investment always think first before you do some things. Have fun, good luck to your investment
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October 30, 2017, 07:17:46 AM
 #17

Your 1st step is divided in two ways, Knowledge and capital. you need knowledge and understanding that trading in crypto are almost a different thing in trading on stock markets or any trading platforms, digital coins are vastly volatile meaning its price always fluctuates from minute to hour and a day even it is positive or a negative change. most of the crypto traders make it as an advantage to double or triple their capital buy selling high and buying low but you need to do a proper research about your target coin most if that is an altcoin or a token because most of them are scams that riding the btc boat. the Second that I've mentioned is capital which is obviously needed at least a big capital to have a better results.

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November 01, 2017, 07:32:45 AM
 #18

Your 1st step is divided in two ways, Knowledge and capital. you need knowledge and understanding that trading in crypto are almost a different thing in trading on stock markets or any trading platforms, digital coins are vastly volatile meaning its price always fluctuates from minute to hour and a day even it is positive or a negative change. most of the crypto traders make it as an advantage to double or triple their capital buy selling high and buying low but you need to do a proper research about your target coin most if that is an altcoin or a token because most of them are scams that riding the btc boat. the Second that I've mentioned is capital which is obviously needed at least a big capital to have a better results.

Maybe it is the simplest way to invest in bitcoin, but before starting you must studying first about where can invest your bitcoin, buying - selling and how to trade.

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