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Author Topic: Things you should know before investing in bitcoin  (Read 2686 times)
titocrypto
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June 26, 2018, 09:39:01 AM
 #561

Learning the basic means you are progressing for being a master to that field. Basics are always the foundation of all the things in the world because even the experts or veterans are still studying and learning the basics because they want to maximize the benefits of knowing the basics because you can try different advance things after you master the basic.
Learning is very good and key.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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ArnoldChippy
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June 26, 2018, 10:14:19 AM
 #562

You must have good knowledge, Coin and Value details on the market there high and low and teamwork and how much bitcoin price affects for this coin and some other best technical analysis to know before starting trading. I think that's what you have to know before investing
Although there isn't anything complex which you need to know, but still you need to know about the basic knowledge and information bout trading and about the coin where you want to invest your money. Because without having good knowledge and information the risk of losing your money is always more. You need to be careful while investing money in crypto currencies.

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bitcoinman93
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June 26, 2018, 10:16:58 AM
 #563

What you say is very true. I'll add a bit to this. we should know every detail of Bitcoin if we want to invest so you will not regret.

I'm not sure whether knowing all details regarding bitcoin are necessary to know before the investment. It's important to understand why you're investing in the first place
fbtdarkhorse
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June 26, 2018, 10:18:16 AM
 #564

The most important thing that everyone should know before investing in bitcoin is that the course is changing. Today you can buy crypto at a high price, and tomorrow it will go down and you will lose your money.
vladaziya4
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June 26, 2018, 10:22:44 AM
 #565

It's a strange question, because if you live in Africa, you should know that. We are from other countries and we do not know this information.
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June 26, 2018, 10:55:52 AM
 #566

very good information to know for newbie like me. so we don't losses or doubts while investing in bitcoin or cryptocurrency world. we do have to learn more before investing in bitcoin, learn and know the risks that will be in when investing in bitcoin so as not to regret in the future.
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June 26, 2018, 10:56:20 AM
 #567

Before investing in bitcoin you must understand the value of use and the fluctuation of bitcoin. More important is mastering the deals and always be cautious with your hosting assets. Keep your privacy and preserve bitcoin with familiarity. determine the target and form, more patience to achieve profit.
Dann hauer
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June 26, 2018, 10:56:50 AM
 #568

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
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June 26, 2018, 11:07:45 AM
 #569

Before you invest there are things to do like study first about cryptocurrencies, calculated the risk that you might take, how to transact through bitcoin and know the advantage and disadvantage, when the price of bitcoin will decrease we should know that we to buy bitcoin and sell it for the good profit .
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June 26, 2018, 11:19:22 AM
 #570


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.

I like tgis point. We really need to be careful of where we visit on the internet and the type of information we gice on websites. We should also be careful to not trust any unknown message sources and we should always bookmark official websites so as to be safer and protect our investment.

shainasaz
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June 26, 2018, 11:20:06 AM
 #571

I think the best things that we need to consider before investing in bitcoin is doing research and study all the information of their project.

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June 26, 2018, 12:48:08 PM
 #572

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 must know the purpose of bitcoin. You have to be fully aware about the system here in bitcoin. You have to study cryptocurrencies , and last you know how to wait patiently.

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June 27, 2018, 05:18:11 PM
 #573

I think the best things to know before investing in bitcoin, study first about bitcoin that will improve your knowledge that helps to understand it well. So that its not difficult for you, if what will be the next to do if you investing. Do research more and its important that you should spend more time, and you should know some risk.
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June 27, 2018, 05:20:34 PM
 #574

Look for an ICO that  would give you a lot of benefits not only financial aspect but more importantly will give you the opportunity to grow as better individual by improving your  job skills in future technolgies.  LiveEdu is building the YouTube for online education and professional development
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June 27, 2018, 05:21:37 PM
 #575

The volatility aspect is most important and all investors should keep this in mind. Ignoring this leads to panic sell and loss.
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June 28, 2018, 11:14:53 PM
 #576

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.


Bitcoin investment is not regulated by any unit or particular agency but by the investors themselves. Therefore increment in market volume results in increment in price. This causes the price to  fluctuate. Also it should be noted that Bitcoin is more of a currency than an investment venture.
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June 28, 2018, 11:31:12 PM
 #577

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.



Undoubtedly, before making any investments a person should read about special aspects of the project he or she wants to put money in. Plus, you should be prepared that you van face with partial loss of the deposit, cause investing in crypto is not the safest kind of investment, but it can be enormously profitable.
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June 28, 2018, 11:44:01 PM
 #578

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
Yes, before you invest you must know everything in order for you to not regret it in the end. You must know the risk in investing. You must fully understand everything first how it works and what are the possible outcomes once you inveat on it. Also remember that bitcoin was volatile means that it has an ups and down.

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June 28, 2018, 11:48:01 PM
 #579

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 invest in bitcoin you must need to know what is bitcoin and how to earn money from it. You need also need to know what will you do after you invest in bitcoin, and make sure that before you invest in bitcoin you already have bitcoin wallet or digital wallet so that you can keep your bitcoin there. And make sure that you online wallet have a strong security therefor you are safe from the bad people or hackers. Be responsible in holding your bitcoin, man people wants to have that but don't want to invest.
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June 29, 2018, 07:17:53 AM
 #580

Yes, it is a high risk investment and all investors should keep this in mind.After that invest in bitcoin could be successful but everyone should remember that every business is risky.
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