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Author Topic: Things you should know before investing in bitcoin  (Read 2685 times)
rudox
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May 20, 2018, 03:05:06 PM
 #101

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.




You must have available to you good information about the market. You do not listen to fake news to avoid panicking. Every news you heard must be filtered before  you work with such information. Finally try and get a mentor.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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May 20, 2018, 07:43:19 PM
 #102

Need to know information about the technology, how it arose, who was created when what her greatest value and how to keep their funds in the crypto world.
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May 20, 2018, 07:46:42 PM
 #103

High volatility, Chances to lose all investments. Not insured and no guarantees of money from exchanges and governments like other traditional investments.
All risks on yourself. So only invest that you can lose or forget if lost.

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BTCBTCBTC
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May 20, 2018, 07:53:12 PM
 #104

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.


When you are planning to invest, you must need to know the company that you will invest, read about its history, site some information about the persons involved to it so that you are knowledgeable about it and you will not be scammed. You have also a point, bitcoin is one of the high risk thing that you will invest because of the thing that its change in price is unpredictable.

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shkwarka333
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May 21, 2018, 02:16:36 AM
 #105

If you decide to invest in an ICO, for example, you will have to prepare for a number of difficult situations:
1 - often the terms change-it happens constantly for various reasons(not collected the right amount of money, etc.).)
2-there Are frequent cases of scum.
3 - be ready to forget about your investments for a long time
But despite all the bad percentage of the bench this year has decreased to 10%, it's good. Projects and companies try to encourage their investors with bonuses and discounts, so it is best to go at the beginning of the start of sales .
In General, to invest in cryptocurrency, you can just investing their money in top cryptocurrencies (BTC,LTC...) and forget about them for half a year or one year . After half a year you go to the exchange you will be pleasantly surprised that the cryptocurrency has grown , as it grows and gives a larger profit on long-term investments.
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May 21, 2018, 09:47:58 AM
 #106

You should prepare for psychology before investing in bitcoin
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May 21, 2018, 09:53:49 AM
 #107

Thank you very much for you advice, life itself is a risk so what every we are doing should be done based on understanding, because for one to succeed we mast take risk just as you have said in crypto currency one must be ready to loose or gain in anything we want to invest.
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May 21, 2018, 09:58:19 AM
 #108

You say to not take debs to invest in crypto currencies, but do you know that many people done exactly like that the last year? I have heard Manny stories about people who took loans in banks to invest in crypto, we all know about the huge raise of bitcoin by the end of the last year, but we really do not know what is with those people, was it successful use of money or not?
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May 21, 2018, 10:00:17 AM
 #109

I think you should know every little thing that involve in bitcoin, like how to invest it with gaining but if you want to know this you better know how to invest,how to read the market ,how the price was going, so for now these are the thing that only i know.

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Bitcoinnumberone
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May 21, 2018, 10:19:45 AM
 #110

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.


First you must have studied and understand what cryptocurrencies are, How its works the pros and cons of cryptocurrencies and having some basic digital market knowledge before investing in bitcoin and we know that investing bitcoin is risky because the value of bitcoin is inconsistent can change at anytime. Sometimes you need to take a risk if you want to earn money, investing and buying, selling bitcoin. I encourage you to be responsible and be wise in investing bitcoin Study it well, there's a google searched it.
Mr.Toff
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May 21, 2018, 10:23:36 AM
Last edit: May 21, 2018, 10:40:01 AM by Mr.Toff
 #111

just as any fiat on the forex platform, cryptocurrencies earn their rights also. but there is no certainty on the profit and loss calculator, it only requires your gut and most especially technical know-how in handling your trendlines. 
kolbalish
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May 21, 2018, 10:33:54 AM
 #112

It's not just Bitcoin,but you have to be careful when investing anywhere and you have to know everything.It is necessary to know all the details about Bitcoin's past.When there is more profit in investment, when should be purchased, etc.. There is: think,do the job,do not think so.

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May 21, 2018, 11:07:05 AM
 #113

It's not just Bitcoin,but you have to be careful when investing anywhere and you have to know everything.
it only requires your gut and most especially technical know-how in handling your trendlines. So you should be aware that if you lose your money, nobody will answer.
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May 21, 2018, 11:31:20 AM
 #114

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.
You have a point there but it does not mean that you wont actually buy other tokens for in case the price of bitcoin is not actually good and the investment you did will wait until the price will pump. We are not actually contented only earnings that`s why were trying to explore what are the good benefits that bitcoin can actually give to us.

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May 21, 2018, 11:33:35 AM
 #115

I am a beginner on Bitcoin, so I still do not know many things like how the market changes or analyze the fluctuations, I am currently trying to find out in this.
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May 21, 2018, 11:40:17 AM
 #116

As a general rule, don't invest in anything you don't understand and don't invest all your savings so that whatever may happens, you can still have money left. In bitcoin, the things you should know before investing is how it works, choosing the right wallet and where to buy bitcoins to avoid being scam. Do your own research, read a lot and study more. Enriched yourself with enough knowledge then your good to go.
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May 21, 2018, 11:40:50 AM
 #117

Before getting involved in any bitcoin investments, we should always consider its legitimacy. Its really a must to directly invest to bitcoin than having a third party. Scammers are getting wiser in fooling people by using bitcoin's name.

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May 21, 2018, 11:54:36 AM
 #118

Before investing in bitcoin it is worthwhile in principle to understand what cryptocurrencies are. You should generally know what cryptocurrency exists, maybe you want to invest in something else Smiley
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May 21, 2018, 11:57:26 AM
 #119

It seems scary because bitcoin values keep changing every day.  But keep in mind there are only 21 million bitcoins in existence. It works just like the value of gold.
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May 21, 2018, 12:04:15 PM
 #120

Before joining btc world, it is important to understand everything about cryptocurrency and other matters that is connected to it. It is essential to realize the importance so you can easily adapt. It can also help you to come up with the right decision you need in investment. Btc is really good when it comes to investment and having wide knowledge about this will help you gain more.

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