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Author Topic: Things you should know before investing in bitcoin  (Read 2691 times)
Gintama214
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June 13, 2018, 08:56:24 PM
 #401

You are so right!. This is really great guidelines for those who are new in cryptocurrency and investing with bitcoin. There are rules that you need to do so that you won't lose any money or getting debt. Many people who are new in this forum or cryptocurrency world are asking if it is worth to sell their house to invest with bitcoin, which is really dumb to think of why you would do that. Before going to investing you should always think that no one will answer you if you lose all your money and having a house is also an investment. Investing with spare money is the best way to invest with bitcoin.
zhanyiguai261315
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June 13, 2018, 10:56:34 PM
 #402

The most important thing to invest in BTC is to understand what is BTC and what is a blockchain!
Bitcoin and other virtual currencies are temporarily not regulated by any government agencies in most countries. The risk is relatively high. If you want to join the rank of bitcoin investment, you must carefully evaluate the risks!
IndigoRed
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June 14, 2018, 03:32:34 AM
 #403

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.




But for those mapping out their retirement plans, would you suggest bitcoin as a viable investment to help people's money last longer? I'd like to explore as much financial options as I can.
imking
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June 15, 2018, 10:08:57 AM
 #404

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.

The things you should identify before you invest. The profits that you can gain is unpredictable because of the unstable value. You should always monitor the crypto market value because the amount moves fast you should keep your eyes if the markets turn into red or green signal. Know how much the volatile of the world of crypto. Study the historic market value this will you guide. Learn from your mistakes. Last is Never stop learning new things.
electronus
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June 15, 2018, 10:30:10 AM
 #405

first and foremost, you must understand the extent of the risks of such investments and analyze the amount of profit.
GreatOrchid
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June 15, 2018, 10:35:40 AM
 #406

All the people who put money on bitcoin need to understand that they are not going to be super millionaires just overnight, because it is impossible and it will never happen
ggh0stt1
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June 15, 2018, 10:58:27 AM
 #407

Very informative piece. One thing that is also necessary is to know very well what you are investing into. You cannot throw your seed unto any soil, you must first check for fertility and other soil profile. The same principle applies with cryptocurrency investment. You must know what the project is about and how feasible it is in our society and the cryptocurrency industry. You must also learn to diversify your portfolio in other to cater for losses that may arise from one investment.
Cryptoproff
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June 15, 2018, 11:08:20 AM
 #408

It is also advisable not to listen to fake news if you cannot contain the shock it might bring which will lead to panic sell. It is good to consult an expert for further information and clarification of all doubts before you start investing.
youngsoft
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June 15, 2018, 12:19:52 PM
 #409

That are some a word of wisdom to learn first before we need to put resources into crypto, numerous individuals likewise gain from their oversights or endure more lose before increase enormous benefit, just additionally be insightful as constantly here in crypto on the grounds that bitcoin is dependably not a decent benefit and income sans work, you have to buckle down for it.
Alex_He
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June 15, 2018, 12:23:21 PM
 #410

Well, firstly, if you are going to invest at your own peril and risk, you must understand that investing is worth only the amount that you are ready to lose without unnecessary emotions. besides, despite the prospects of current currency, it is worthwhile to understand that there are things that can not be influenced. for example, the prohibition of crypts in your country, the breaking of the exchanger, or you just lose the key to your wallet. so before investing carefully study all aspects: when it is better to acquire a cryptocurrency, what strategy to adhere to, where to store, and so on.
Crafts12
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June 15, 2018, 12:27:23 PM
 #411

I think there is no much thing to know before investing in bitcoin.First you should know that we have to buy bitcoin when the price of bitcoin decreases and should sell when the price goes up in other to make some gain out of it,that makes it a business.
Before you invest you must know how things work on it. You need to be informed everything about investment. It was good if you are going to research first to know the benefits and possibilities that may happen when you invest on it. Aside from that you must understand that bitcoin price was volatile which means that it has an ups and down.

Farhan786
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June 15, 2018, 12:43:14 PM
 #412

Things you should know before investing in bitcoin:
1. Do your research.
2. Be responsible.
3. Be realistic.
4. Be vigilant, borderline paranoid.
5. Track your gains and losses.
gvnsrbtc
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June 16, 2018, 07:50:06 PM
 #413

first of all, before investing in bitcoin, you need to improve yourself in analysis of the possible consequences, which will take into account potential risks. Based on the results, experts recommend developing their own road map, which will clearly prescribe any steps related to bitcoin operations.
2408AAY
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June 16, 2018, 10:50:03 PM
 #414

You have to know the coin you want to invest in and the team members involved
thenameisjay
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June 17, 2018, 03:09:14 AM
 #415

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.



These tips are typical tips you get when you generally investment into practically anything. Pretty obvious, and to be honest, everyone can think of these solutions anytime. I guess the only ti I can add is that it is not for the faint of heart. Investing requires money you're prepared to lose, time, patience, and guts.

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KieranWilson886
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June 17, 2018, 03:58:50 AM
 #416

First things first, an investor must learn and understand the insides and outs of the system of bitcoin. Then the individual will need to be a patient type who would not expect bitcoin to make him rich the next day after investment. He must also be ready to do his due diligence in order not to be scammed.
airdnasxela
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June 17, 2018, 03:59:57 AM
 #417

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.


Yes,  things you have mentioned are completely accurate.  In addition, I think everyone should understand the market well.  All successful person here in bitcoin understand the market very well,  they know when to trade,  when to sell,  and when to hold their bitcoin. That is their secret to success.  Also,  everyone should be a intuitive risk taker. Do not take risks when you shouldn't have to,  and the same way to opposite.
issacwilliam
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June 17, 2018, 04:16:04 AM
 #418

They are a lot of things yous hould know before you invest the first time in bitcoin or any other crpyotcurrency. First of all, maybe its good to look what bitcoin is and the blockchain technology behind. how it starts and how it developed. Well, you need to consider the price since that is how investment and profit means. If we will be talking about new crypto currencies, well this is the things you need to look at.
nhaane10
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June 17, 2018, 04:17:25 AM
 #419

The investor should fully aware the in and out of the market prior to the investment .Bitcoin is a new form of economy linked with the modern technology which is totally contrary to the current economical concepts we are following at present.Investing in bitcoin is good opportunity to grab but if have lack of knowledge about in investing in bitcoin it may cause to lose your money.
KieranWilson886
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June 17, 2018, 04:31:29 AM
 #420

The investor should fully aware the in and out of the market prior to the investment .Bitcoin is a new form of economy linked with the modern technology which is totally contrary to the current economical concepts we are following at present.. Make sure your posts are always "hot" to new readers. There will be better preparation before entering the virtual world. And fullness is also a warning to all.
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