Things you should know before investing in bitcoin

[BrentMack]

A lot of things you should know also include, never spend more money than you are willing to lose because investing in bitcoin is like gambling and you never know what will happen to your money, be smart and don't buy at the top of the market. Make sure to buy during a price dip and wait for the price to go back up before you think about selling off your coins.

[djsugar]

I agree with all the points you have mentioned in your post. These points are the basic understanding that one must have before he/she decides to venture into this territory. One point which you missed was that this market is not centralized, and hence, in case a company runs away with people's money, there is nothing really that can be done to trace those fraudsters.
This is the main reason why most of the banks have been issuing financial advisories and asking people to refrain from investing in this market.

[Adioliver]

The most important thing to know before investing in bitcoin is that bitcoin is really volatile and it's not like our Fiat currency, bitcoin's value can even change in a couple of minutes.The other things that you should be knowing is to create a good bitcoin wallet,you can either use offline or online wallets there are many good options to chose.The other thing is that never panic if the price falls down.Many newbies panick and sell of their invested bitcoin for low price resulting in a loss.Its always better to hold as bitcoin will surely have a great future because bitcoin is the father of cryptocurrencies.

[Momoamzad]

There are many thing you should know before investing onbitcoin. Like its portfolio. Previous history. Price etc. before investing  need to buy bitcoin when its price is low. And sell them when the price start growing up. Trading and mining knowledge need to gain  .

[ambisyon]

Agree, you need to enhance your knowledge, familiarization and skills about bitcoin before doing investment. Knowledge and skills are very important factors that every people should have if you are into with bitcoin to avoid investment losses in the end. Also, do not put all your savings into bitcoin investment as this is not a 100% assurance that you achieve the profit immediately wherein you just have to set aside money that is only for bitcoin investment that if you will loose it, then not all of your asset will loose. Please do consider that there is a risk involve pertaining to bitcoin investment due to it's volatility in nature. However, if you are lucky enough that you had invested the right time and selling during the bull run, the rest assured you will be able to guarantee with a good ROI.

[emanjun]

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 this information, for sure a lot of people will have an idea on how to invest in bitcoin for sure. They will become more aware in order for their money to be safety. Just follow what you think is right in order for us to avoid regrets.

[wagi]

Bitcoin has high risk and its of course because this investment also offer high chance of income where we we can add our offline income for daily need.
Its not only offer high but bigh income too which make people interest to join and investvin bitcoin.

[localcrypto]

bitcoinwisdom.com provide u chart for bitcoin trading

[Aragorn_125]

I completely agree with you. I do not understand people who get into debt because of crypto. Although the temptation of big and easy income is great!

[ajaymukund]

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, that is what is needed for new entrants into the cryptocurrency market. You should read the rules to understand more about the harshness of the crypto market. And one more thing I want to recommend is that you should not believe anyone's predictions. It is best to learn about an altcoin yourself to invest, personal opinion is always best.

[Irsanhadi]

investing in bitcoin is tantalizing in hopes of changing our preliminary. if indeed you really want to invest your money into bitcoin;
you need to have mature information about bitcoin.
not shy to ask friends, group about bitcoin and other cryptocurency.
dare to bear the risk that may occur.
not panicked and hasty in making decisions when trading especially when coin prices fall.

[bozo333]

I think having some basic digital market knowledge before investing in bitcoin makes your path easier.

why all the peoples are suggest in old posts already he can understand the crypto investment then he was thank for the suggested peoples. But he don't know how to lock this thread so still open this thread. If you suggest useful information really I appreciate you so don't post in these kind of threads.

[summit26]

The very first thing to know before investing in bitcoin is the basic features of bitcoin , so that you know what you are investing for. You should first have a deep urdertanding abount bitcoin so that you were be prepared on trading it.

[Biggapp]

There are many thing you should know before investing onbitcoin. Like its portfolio. Previous history. Price etc. before investing  need to buy bitcoin when its price is low. And sell them when the price start growing up. Trading and mining knowledge need to gain  .

I would take it a step further with agreeing to the fact that there are multiple things which must be known to us while investing in the bitcoin and on top of that is how the currency works because if we can understand to some extent about the working of the currency, then it will help us to understand the market in a bit better way and also the level of trading will give back maximum profit and minimum loss.

[Pornporn05]

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.

this is one helpful post,  as some of the newbies like me got the wrong idea of bitcoin beforehand, and sees it as an easy way to earn.. i will not deny it,  i was one of them. but now that i read this post,  i want to study and get to know more about bitcoin,  before i got to the part of investment. as with any type of investments theres always a risk to take and you should be ready to face the consequence afterwards,  if you lose some,  get up and try again,  if you gain some,  then great,  try again and expand.. in reality it results to the same trial and error system,  bitcoin is no fantasy to substitute income you'll also need to take risk and work to be able to see results

[pimkobai]

There are many considerations that an investor of bitcoin should actually consider and one of the things you should understand is that bitcin is a high risk investment due to it's volatiity in nature. Pour investment that you are willing to loose if you are not that lucky enough. But I would suggest that you should have to familiarize the cryptocurrency market and it's movement such that you will know how make the right decision in buying and selling.

[feny.blackpink]

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. "

This one is very true. Look at the price of bitcoin now and compare it with the price on last december.
As you can see the bitcoin price is volatile, it can be at the high price, and falling quickly.

[Odlanyer]

Before you invest you need learn a lot about bitcoin to easiest do that for you and you need to know the prices because bitcoin is risky think before you click,you need to understand what exactly cryptocurrency is and how it works, and always check the background and investigate the information.

[mayukus4life]

The points enumerated are valid but I don't think anyone needs rocket science to get involved in cryptocurrencies though practice makes perfect. The natural principle is to buy when the price dips and sell at a higher profit which you have benchmarked for yourself. Be that as it may, caution is still needed due to high-risk factor involved, if you lose no one to hold responsible.

[MetalGear]

I think having some basic digital market knowledge before investing in bitcoin makes your path easier.

Before you start to invest in bitcoin make sure you have knowledge in investing and trading cause this is your key to success. Entering in business world especially in investing in bitcoin they have lots of risk but if you have knowledge it makes easy to pass all the challenges you faced off.