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Author Topic: Things you should know before investing in bitcoin  (Read 2340 times)
Jackypot
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February 09, 2018, 04:37:34 PM
 #1

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.

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February 09, 2018, 07:57:44 PM
 #2

There are no complex things to know before investing in bitcoin.First you should kmow that we have to buy bitcioin when the price of bitcoin decreases and should sell them at a good profit.These things are enough before investing in bitcoin.
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February 09, 2018, 10:09:32 PM
 #3

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.



Before you are going to invest in bitcoin, you must have studied what cryptocurrencies are, pros and cons of each cryptocurrency, you have calculated the risk that you might take, and accept the fate that you might lose here. Investing is making yourself comfortable to that currency and wait for it to become big. But there are chances that the thing where you invest will not be successful. With this, you might feel burnout or anything. You should be ready for these kinds of scenarios. Study it well, before going to invest in a particular cryptocurrency.

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February 09, 2018, 10:32:32 PM
 #4

Before you enter the world of cryptos, it is necessary to have a background before you shell out money. Study what make cryptocurrencies unique. Know the advantages and disadvantages; how to transact bitcoin and other cyptos.

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February 09, 2018, 10:39:30 PM
 #5

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.


Thanks for letting the people get informed on the dangerous of investing in Bitcoin. People call Bitcoin a scam easily when they lose their money on it.

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February 09, 2018, 10:51:58 PM
 #6

Thanks for the information you drop it here regarding how to take  risk when you investing in crypto's, yes risk is always there in investing in in crypto's because we don't know the price movement of each coins. So if you planning to invest you must aware on this statement of the OP and just invest that you can afford to lose.
Being a high volatile of crypto's that's makes fast fluctuated either increasing or decreasing in the market.

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February 09, 2018, 11:04:42 PM
 #7

Before you enter the world of cryptos, it is necessary to have a background before you shell out money. Study what make cryptocurrencies unique. Know the advantages and disadvantages; how to transact bitcoin and other cyptos. For further information about bitcoin, you can check this link:

https://marketrealist.com/2017/11/breaking-down-bitcoin-and-cryptocurrencies-key-characteristics

A very informative site indeed.
Of course if we are planning to get involved or to create a form of investment with the used of Bitcoin it is necessary for us to first set a good way for us to learn the system of Bitcoin. The reason is , there is always a risk in all types of investment and for us to lessen the risk we would need to abound it by know the right decision we could do as part of earning and having the time to used Bitcoin.

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February 09, 2018, 11:15:41 PM
 #8

I personally am not in favor of promoting bitcoin as an investment. Every time I've talked with my friends about the importance of bitcoin, I've done it with the purpose of expanding their ideas about the future of money, and how we can integrate into modernity through its use. But for those who still see cryptocurrencies as an investment instrument, they should look closely at what has happened in the market recently before risking their money.

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February 10, 2018, 01:50:21 AM
 #9

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.



Thanks for sharing. Very well said. This is a great help for me as a newbie in cryptocurrency world. Basically, I know how risky to invest in Bitcoin, but if you are willing to take the risk then be ready also to lose what have you invested. Of course, patience and positivity are the key. Everything will change and some day it would be on the side of the Bitcoin holders.
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February 10, 2018, 01:54:36 AM
 #10

Very well said. Invite at your own risk and what you can afford to lose but before you invest you need to check first the background.
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February 10, 2018, 02:03:38 AM
 #11

Investments are naturally risky and I totally agree with this. It is extremely important that you know what you are risking when you invest your money. It is not always a win-win situation. Sometimes, there is loss. This is why it is very crucial to know when is the perfect moment to buy bitcoins. Take advantage of the dips so that you can maximize your profit. Also, spend what you are willing to lose. Like what I said, investments are risky. Bitcoin is a good long term investment and is one of the strongest coins. If you are not familiar with other coins better start with this.

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February 10, 2018, 02:49:17 PM
 #12

Here are some tips that you should know before investing:
Do your research.
Everywhere you turn in crypto, there is another hot take or sure thing. At Block X, we have assembled a team of industry experts dedicated to researching the best investment opportunities.
Be responsible
Cryptocurrencies can belong in any investment portfolio but should be treated as high risk. Put 10–20% of your portfolio into crypto investments but always ensure your portfolio remains diversified to mitigate extreme risks.
Be vigilant, borderline paranoid
Most of the concerns surrounding hacks and security, while well-founded, are also avoidable, even for the non-tech savvy. Vigilance can come in the form of selecting the right blockchain company to manage your investment. Selecting an organization like Block X that has a reputable team and is dedicated to conducting extreme due diligence will ensure your investment is safe.
Track your gains and losses
As crypto is global and doesn’t yet classify as a ‘real investment,’ many say capital gains don’t apply. Regardless, you should track your gains and losses for your own personal knowledge to see how your portfolio is doing. As countries start to regulate crypto-related capital gains taxes, you’re going to want to be in a position to pay your fair share and not deal with the IRS or CRA.

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February 10, 2018, 03:22:01 PM
 #13

First need to understand what exactly cryptocurrency is and how it works, how it is different from fiat money. The price variation is exactly like shares it varies from time to time so need to monitor the price as well so before entering into bitcoin little bit groundwork is required.

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February 10, 2018, 03:25:29 PM
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there is a website called tradingview (you can google it), you can find anything you need here about trading, best place if you want to learn some technical trading strategy

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February 10, 2018, 04:20:35 PM
 #15

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.

Thanks for letting the people get informed on the dangerous of investing in Bitcoin. People call Bitcoin a scam easily when they lose their money on it.

You're welcome, my friend is good to share important information and help us keep this cryptocurrency community growing
Jackypot
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February 10, 2018, 04:33:17 PM
 #16

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.



Thanks for sharing. Very well said. This is a great help for me as a newbie in cryptocurrency world. Basically, I know how risky to invest in Bitcoin, but if you are willing to take the risk then be ready also to lose what have you invested. Of course, patience and positivity are the key. Everything will change and some day it would be on the side of the Bitcoin holders.

Of course, it is good and has advantages, but you must know the risks involved, therefore, before investing, you must thoroughly investigate the information and share it with the community so that it continues to grow.
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March 23, 2018, 07:04:44 PM
 #17

Of course, to invest in bitcoin, you need to know more about Bitcoin. In order to invest in bitcoine, the project has to be prepared according to the plan. Bitcoin should know the method, because all businesses have a risk. You need to know how cryptocurrency should know how it works. To know the differences in Bitcoin prices and know about the price monitoring.
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March 23, 2018, 07:08:51 PM
 #18

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.


Thank you for the information. Investing in bitcoin is risky. Before you decide to invest in bitcoin, you need to know something about bitcoin. Bitcoin is not a cash cow, and you need to be careful because the price of bitcoins can change at any time and cause you to lose.
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March 25, 2018, 08:51:21 AM
 #19

I think having some basic digital market knowledge before investing in bitcoin makes your path easier.
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March 25, 2018, 08:56:33 AM
 #20

before you invest, there are a few things you should pay attention to. That is the authenticity of the investment, the legal basis used by the investment, the existing team within the investment organization, and so forth. In investing should be considered really so as not to happen things that are not desirable.
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