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Author Topic: Things you should know before investing in bitcoin  (Read 2686 times)
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July 07, 2018, 11:00:03 AM
 #681

It’s so simple and yet so many people don’t think about such things. I agree with you completely! Thank you for sharing this.

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July 07, 2018, 11:59:54 AM
 #682

People who panic sell are the people who does not know about what they are investing their money into, and the risk behind it. Knowing the risk behind crypto investment will help one to know when to and when not to buy crypto currencies.
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July 07, 2018, 12:08:47 PM
 #683

First need to understand clearly what exactly cryptocurrency is and how it works, then how it is different from paper money. The price variations are exactly like stocks that vary over time so it is necessary to monitor prices as well so before getting into bitcoin a bit takes work. Thanks
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July 07, 2018, 12:18:03 PM
 #684

The ultimate key that we should know is to study first the flow of the crypto currency market make a lot of reading to be able to understand what crypto currency is all about. We need to understand the risk that will challenge our investments if ever we decide to invest in the crypto currency. Read and study first before investing.

You must be very careful in looking at the price down or up at this time because this year the price of Bitcoin and other altcoin is very unstable to invest.
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July 07, 2018, 12:20:38 PM
 #685

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 or in cryptocurrency you should need knowledge and information about  the coin you want to invest . and before  you invest in cryptocurrency if you loss dont sell just hold it because some we will see that the cryptocurrency is volatility you will see the pump and dump  buy when the value is so dip.
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July 07, 2018, 12:25:24 PM
 #686

Things you should know before investing in bitcoin

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".




I really agree on this statement. Do not borrow money just for investing. Because when you lose money or your capital there is no way you can pay your debt. For sure you will borrow again money and pay back what you owed. You will repeat that until you realize you are already drowning in debt. If you do not have capital for investment it's better to save a small amount of money and invest only what you can afford to lose.

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July 07, 2018, 12:29:52 PM
 #687

Guys can you share with me if what is the things i should know before i invest here in bitcoin thanks.
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July 07, 2018, 01:22:46 PM
 #688

It's important that you have to know what you are investing. because all businesses have risks. and you should be careful because bitcoin prices can change at any time and cause you to lose.

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July 07, 2018, 01:45:55 PM
 #689

Things you should know before you invest in bitcoin is:
1. Do your research.
2. Be responsible
3. Be realistic
4. Be vigilant, borderline paranoid
5. Track your gains and losses

What I have written is only based on my experience. If you have other ways, you can use it and if you want to follow mine you can.
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July 07, 2018, 03:32:02 PM
 #690

That are some good advice to learn first before we have to invest in crypto, many people also learn from their mistakes or suffer more lose before gain big profit, just also be wise as always here in crypto because bitcoin is always not a good profit and easy money, you need to work hard for it.
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July 07, 2018, 03:46:47 PM
 #691

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.
You must have some background about cryptocurrencies before you conduct investing on it so that you can assure you can gain income from it. Before you invest you must know that investing in cryptocurencies are risky and you might take that risk simply because it can be the key to your success. Just invest in cryptocurrency and earn income from it.



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Rainbot
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July 07, 2018, 03:50:17 PM
 #692

if I think the most important thing is. diligently reading the news from cryiptocurrency world. and always ask the seniors. and are trying to take steps like those already successful investing in cryiptocurrency .
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July 07, 2018, 03:52:07 PM
 #693

Very important to know, who are the team memebers, and the developers are, whats their plan and how this product will be helpful to public. also how much fund they raised and where the fund going etc etc

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July 07, 2018, 03:53:27 PM
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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




According to me As we know that bitcoin is really risky so we should be responsible enough in making investments, knowing whether it is a fraud or a legitimate investment, you can do research on that investment. Also if you invest your private key you need to keep it private and not shared and use your wallet if you want to be safe.
Before investing in bitcoins, it's important to understand how bitcoins work before investing money.
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July 07, 2018, 03:55:12 PM
 #695

if I think the most important thing is. diligently reading the news from cryiptocurrency world. and always ask the seniors. and are trying to take steps like those already successful investing in cryiptocurrency .
There are a lot of things you should know before investing in Bitcoin, and you can have those information through reading; first you should know the price of it and its history, second you should know how it works and third, you should know how to secure it.

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July 07, 2018, 03:57:48 PM
 #696

To invest in bitcoins, projects should be prepared as planned. Bitcoin should know this method, because all businesses have risks. You need to know how cryptocurrency should know how it works. To know the difference between Bitcoin price and know about price monitoring. More important is you do not get bored tired of learning on the more senior
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July 07, 2018, 04:26:08 PM
 #697

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.
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July 07, 2018, 04:44:36 PM
 #698

Before invest in any asset everybody needs to know some major things. We needs to know the investment return from it. We also needs to know or needs to measure the risk associated with that investment. It is also needed to know the break even point of that investment. We also needs to know all these things before invest in bitcoin. Beside this we should remember that, we should not invest any loan amount in bitcoin. If we have any idle money in our hand then we can invest that amount of money in bitcoin. Before investment we should know the market trend and how market behave.
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July 07, 2018, 04:54:46 PM
 #699

What I should know before investing in bitcoin is the price of the coin I plan to invest as well as the electronic money that I intend to trade is the basic thing that I need to know before. when investing.
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July 07, 2018, 05:05:08 PM
 #700

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.


if reading from what you convey I think many people are afraid to invest with bitcoin, for me the most important is our intention and belief in bitcoin itself
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