Things you should know before investing in bitcoin

[Cutieh01]

You should know how the market is going on and be active in the price of your chosen coins or tokens,and also make a research about their project im sure its really helps to you to know when you need to buy or sell their tokens,and for you ,make time to learn about reading graph its really helps to you.

Since investing in cryptocurrencies is a high risk, we should be always check and study the negative and positive side of the said coin. We all know that Bitcoin is volatile but it can give a potential profits and the benifits to be convenient or ease to use with this, invest in Bitcoin a little part of your savings and when you found out that it really gives potential profits then invest more. But be always aware and be vigilant with your investment and be always updated the latest happening of the said crypto.

[louie69]

Everything about bitcoin should be understood first including the market trend which  should be properly observed and analyze it's movement. Once you had fully understood and familiarize the market trend, you should only invest money which you think you can afford to loose it wherein this cannot affect your savings.Consider that bitcoin is very volatile in nature and may fluctuate from time to time which is beyond one's control. Always buy bitcoin during bear market where price value is low.

[zngit]

I would like to react about invest what you can afford to lose.
I like that line. Not hypocritical but practical. I think the " invest what you can to afford to lose" is the motto of pro investors as they learn from their old mistakes. Probably it is always applicable every time dealing with investing.

[bitcoinjasensatom]

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.

Agreed. Infact not all investment earned profits, but it can be avoided if you are knowledgable enough the business you have entered. Study the pros and cons of Bitcoin the benifits and its usage. Think it many times before you invest don't be too rush, so that nothing to be regret after all. Just give a try, invest a little amount.

[zhopas]

The only thing that you should know before investing is to know how it works because it helps you a lot when you already doing it. You should also know how to deal to other people and who you should trust. Investing is a serious decision that if you won't think it twice or trice then you had a chance to lose your money.

[Ryker1]

Before investing in bitcoin, you should know how much it is currently priced, compared to yesterday, it increases or decreases and predicts how much they are and how much the price fluctuates, and You also need a separate wallet to store them

Indeed. Before investing you should know and predict the price whether it will rise or it will fall. Bitcoin is very volatile every minute the price changes, we can't predict when will it go up and go down. Another thing and another tip before investing is, you should know that in bitcoin you'll not earn everyday, sometimes you'll earn, and sometimes you'll not. And also you'll lose money too, but remember that you shouldn't give up, learn from your mistakes, the best teacher is experience.

[realcrypto]

Getting all the information needed to pilot you especially during the time of storm is important. The investors that do not have the right information before investing are always control by any wrong information.

[usekevin]

I like one of your point ,Do not get into debt to buy cryptocurrencies.I had do this a month ago,when the price of bitcoin reaches 9800$.I had got 600$ profit,but I had failed to sell for more expectation.Now the price of bitcoin reduced to 8100$,So I won't get that 600$ profit.Now I had decided to hold the bitcoin.But the think is ,I had have to pay some money for the failure of repaying the debt.

[Reid]

This should be read by those FUDers that have lost money due to a high volatility.
Entering something risky without even knowing the background. Such a foolish way to invest your money. One thing I know, they dont really know how to manage their money.
If you do then you wont be jumping into fire without knowing it can burn you.

[JiuMiBe]

Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

[FlightyPouch]

The only thing that you should know before investing is to know how it works because it helps you a lot when you already doing it. You should also know how to deal to other people and who you should trust. Investing is a serious decision that if you won't think it twice or trice then you had a chance to lose your money.

Knowing how Bitcoin works if you will be just investing on it I think is a bit overboard. I've invested on Bitcoin knowing just how the price moves since that is the important thing since you are investing and you must expect the profit. While you wait for your investment to move you can read more about it, its origin,how it works.

[jvdp]

Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

Stock market and mutual fund are not really worst way to make money. If you having big interest on the stock market better you can invest that money on gambling platform and enjoy the day mate.
I do not think you need to know anything about the bitcoin before investing on any crypto currencies.
Please invest your money on bitcoin and eth at anytime mate. You can make more money for sure once btc bumped.

[oginiimaoyani]

The knowledge of what you are to invest is very necessary, knowing the advantages and disadvantages so when you go across sure you wouldn't get panicked.

[paulo29]

For anybody who wanted to be in bitcoin trading for the first time,they should make the necessary study of what they wanted to engage with. First and foremost,do not get into something whom you do not know very well, make necssary study and research about the bitcoin trading, second do not get into debt just to buy or invest in bitcoin because bitcoin is very volatile and you do not what will its value in the near future. Lastly,ask somebody whose experience about bitcoin is well establish already and ask for advise and opinion on how to benefit in bitcoin trading and investing.

[brickafterbrickwalldpt]

The knowledge of what you are to invest is very necessary, knowing the advantages and disadvantages so when you go across sure you wouldn't get panicked.

Even knowledge can't protect you from panicking. If you are a new and don't panic then you probably haven't invested much. Many people are actually confident about their investment in Bitcoin because they believe that it is the future of our financial system. Bitcoin is slowly being regulated by more and more countries which is good because it will encourage more investors to buy it, they won't be afraid anymore. We should not treat Bitcoin only as an investment. Many people actually use Bitcoin daily because they have no other choice.

[Harley29]

Do not be subjective just because you have made a lot of money in the virtual currency market that you can easily make money in other financial markets. More than 95% of stock market investors have lost money for this reason.

If they lose money it can be their own wrong planning for earning as bitcoin is full of profit and one can never lose money if he will know about the rise and fall nature of bitcoin, as some people invest the whole saving if life with bitcoin just because of lack knowledge they lose money and get lose for panic selling at falling price, and some invest really small but they earn huge profit just by holding at the time of crises and falling price so better hold and before investing learn a lot so them you will not lose even if you invest all in one and only bitcoin so plan well, earn wide.

[zap2per]

The main thing to know before investing in bitcoin is that you'll lose money before you get it back and eventually profit.
It's not that hard just be smart and do your research before you invest in something.

[thecoder2017]

There are many things to consider before investing in bitcoin because investing here is a high risk so before doing it be sure to check first the project the one who manage it and everything about it because it hard to lose your money.

[dodz031718]

It is necessary to have a background before we shell out money.Study what make cryptocurrencies unique.Know the advantages and disadvantages on how to transact bitcoin and other cyptos.We should take the risk when we investing in cryptos.Risk is always there in investing in cryptos because we don't know the price movement of each coins.If we are planning to invest we must aware on this statement.

[teklang01]

Don't invest in anything you don't fully understand. That is why you must do a lot of readings and research, weighing the pros and cons, before jumping in any investment. So far,  bitcoin regards to be the most exciting and profitable investment of the modern times I would willing to risks my savings for this.