Things you should know before investing in bitcoin

[Altcoindealer]

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. The same with all the other coins you plan to invest. And of course you should leanr something about trading and the market.

[tubig123]

Im so interested to know about this on how investing bitcoin because if I had a chances  I want to know the transactions on how it works likely of real putting capital of money is not be waste into garbage .

[Jlv]

Before investing always take a look at the market chart, consider the price, and also know the project and the product you want to invest, take a look also the developer and the team involve. Be cautious.

[Janation]

Before investing always take a look at the market chart, consider the price, and also know the project and the product you want to invest, take a look also the developer and the team involve. Be cautious.

We are not talking about the ICO Projects nor other digital currencies present that can be invested, we are talking about Bitcoin, the most popular and most used and transacted digital currency. You don't really need to look at the market chart, you don't need to know the project nor the product you want to invest or even the developer since we are talking about Bitcoin. 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.

[pilnenkii]

Before you plan to invest in bitcoyne, you should study what are the crypto-currencies, pluses and minuses of each crypto currency

[Marcogwapo]

You need to have good decision making for you to be able to survive and succeed in this bitcoins. Patience is important.

[Salesman4coinZ]

An old trader wisdom is to just invest in thing you understand. So if you do not understand the blockchain technology which is behind the bitcoin cryptocurrency, you should not invest. Learn first all that and the history of bitcoin. Then you have to leanr some things about trading. Then you can start with investing small amounts!

[mrben77]

before investing in bitcoin, you need to conduct a thorough 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.

[ZMINE Official]

Best is to at least study about the background and understand what is Cryptocurrency and how volatility it is before investing in it. Most of the new investor that I have seen only think of earning a hundred percent in a short period which we all know that it is possible but at the same time it means taking a big consequence. Some even taking a loan just to invest in it for the late golden time and did not consider the risk that might take place, there comes a problem. Better to invest at the risk that you can afford to lose.

[dongosquad]

before investing in bitcoin, you need to conduct a thorough 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.

So, we must understand the principle of bitcoin with all the risks, and we must also understand the basics of investing. Never invest what you can not afford to lose. Although the risks are high, by understanding these things, supported by the ability to analyze the market, it would be very profitable.

[mkcube]

So, we must fully understand the principle of bitcoin and how  to invest it. We must know the risk, and understand also the background of cryptocurrency and how volatility it is. Then you can start investing bitcoin.

[Lionaldo]

The thing that we should to know in investing bitcoin is there so much risk beside there much profit. We need to think twice if we want to invest in cryptocurrency eventhough crypto will profitable for us.

[anitaraymonds]

The first thing to do when you want be part of bitcoin or crypto currency is to learn about blockchain technology through a mentor or self learning through reading. Get good grasp of the rudiment of bitcoin. Study and show yourself approved.

[sumanto]

yes you are right you should know what the cause of bitcoin price moves and what makes bitcoin so valuable because if you do not know what bitcoin it looks like you will be hard to get a lot of profit.

[arjen18]

Before entering the world of crypto and investing in bitcoin you should know first what is crypto for you to have a knowledge in this world of investment before you regret after investing and scam after that

[electronus]

you need to take into account certain risks. Among them is the fact that the price of bitcoins and other crypto-currencies does not have real assets, therefore, it is often subject to strong fluctuations. If today you can earn several thousand dollars on investments in BTC, tomorrow there are risks to lose ten times more. In reality, not one digital currency, and bitcoin is an exception, has not yet been recognized as a legal tender. There are no legal bases guaranteeing the security of such operations. Any risks associated with BTC trading are entirely on the investor.

[akram143]

Yeah. First thing is, before investing, you need to study and search every information about bitcoin first. Everything study it. You need to master it first before engaging to investment.

If you are enter into the field you must definitely know what is really if you don't know that we will not be able to get any income from your investment and also experience will help you to take care and advantage find your investment in under the cryptocurrencies

[KID_28]

Before investing please be mindful of the following:

1. Do your own reasearch on how it works, don't be a bandwagoner.
2. Invest your spare/dead money. Do not invest your tuition fee or your food allowance.
3. Know that bitcoin is unpredictable and be ready to control your emotions everytime a big dip is happening. Always have faith.
4. You have to know atleast the basics of reading candles, patterns, movements. If you are into stock trading it will be a nice start.
5. Prepare to be a billionaire 😬

[Lionaldo]

Before entering the world of crypto and investing in bitcoin you should know first what is crypto for you to have a knowledge in this world of investment before you regret after investing and scam after that

I think they should face the risk itself. So they will know what the risk in investing bitcoin. After they know, they will have experience then they will know what to do to minimize the risk. The main thing is learning from what you have done.

[chriskins]

Knowing about the history is very important, who invented it and for what reasons, how it can be used, bought, saved. It's value and accessiblity, present and future worth is also important thing to know.