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Author Topic: Things you should know before investing in bitcoin  (Read 2685 times)
yangdd
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June 19, 2018, 08:14:27 PM
 #461

In my opinion, if someone really want to invest in bitcoin then first things to do is learning and understand about it's market. After that invest in bitcoin could be successful but everyone should remember that every business is risky.
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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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June 19, 2018, 08:27:53 PM
 #462

I think you need to know how to store and exchange bitcoin. You have to know the market data of it at exhibit. What's more, obviously, you must be rationally arranged in light of the fact that the cost of bitcoin is continually evolving.
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June 19, 2018, 08:53:09 PM
 #463

yes ya please tell me about all that to make me successful in the world of cryptocurency .please
wahyu5
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June 19, 2018, 09:06:35 PM
 #464

Nothing is difficult, because before investing bitcoin, we should know how to save it so that our bitcoin is safe and protected from theft. I think that is very important for us to know before investing bitcoin.
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June 19, 2018, 09:07:40 PM
 #465

For me bitcoin as a new economic container associated with modern technology that is completely contrary to the economic concept that we are today. To provide a strong currency in spending to the public world widely. Bitcoin can be decentralized so there is no controlling authority on it and it can also operate without any banking disturbance. Maintaining anonymity means that buyers and sellers know only about deals. All transactions can be recorded in an electronic ledger with block chain technology. The more people are attracted to the bitcoin world the more profits they get. Cool
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June 19, 2018, 10:07:16 PM
 #466

Before investing, you should study and make some research in crypto. Most People loss money when they take risk investing without knowing about it first. Before investing you have to make lot of research.
laiya94
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June 19, 2018, 10:15:52 PM
 #467

My one and only advice is never to buy or sell bitcoins by only looking at the market for few minutes, first learn the market well and then invest.

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June 19, 2018, 11:09:01 PM
 #468

I think that it is worth knowing only that crypto currency is a very risky thing and it is not worth investing here what you are not ready to lose! Also, you must immediately determine the strategy by which you will invest your money and use risk management.
roadwell890
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June 19, 2018, 11:21:57 PM
 #469

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.


very useful, I appreciate your writing
maybe for another friend to share bsa to friends around so that we can be more vigilant and can be more patient in taking kepuusan
Thank you very much

Stioned1987
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June 19, 2018, 11:28:33 PM
 #470

you're so right!. that is without a doubt awesome hints for folks who are new in cryptocurrency and making an investment with bitcoin. There are guidelines that you need to do so you won't lose any cash or getting debt. Many folks who are new on this discussion board or cryptocurrency global are asking if it's far well worth to sell their residence to invest with bitcoin, that's honestly dumb to think of why you would do that. earlier than going to making an investment you should continually suppose that no one will solution you in case you lose all your money and having a residence is likewise an funding. investing with spare money is the fine way to invest with bitcoin.
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June 20, 2018, 12:06:18 AM
 #471

you should know the things before you invest in bitcoin the first need for money because it's important to everyone before entering the crypto world and learn how to invest in order not to lose your money

BennyK
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June 20, 2018, 12:13:20 AM
 #472

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.


Very informative piece because a lot of people enter the Bitcoin world without any knowledge about the market and unfortunately end up running at losses especially when they attempt investing in Bitcoin. The market works on a different principle and are new and old entries must take time and learn much about it.

Frederickkk
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June 20, 2018, 01:21:51 AM
 #473

I think you have to know how to store and trade bitcoin. Keep your privacy and preserve bitcoin with familiarity. determine the target and form, more patience to achieve profit.
CrazyCrypto2547
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June 20, 2018, 01:22:35 AM
 #474

i agree with another thing is that you should never invest what you can't afford to lose ! remember that kids
CryptoKu-een
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June 20, 2018, 01:38:08 AM
 #475

Investing is a Risk in all aspects because this means that your money has a potential to Grow or to Lose. But in the case of investing in Bitcoin, it was quite different. You can't just risk, but you need study as the potential growth and loss of money is so fast that it can happen in just mins or hours. You will need to make extra effort and time to study to convert your "risk" to a "Calculated risk". If you know the difference.
Pattart
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June 20, 2018, 02:06:12 AM
 #476

Investing is a Risk in all aspects because this means that your money has a potential to Grow or to Lose. But in the case of investing in Bitcoin, it was quite different. You can't just risk, but you need study as the potential growth and loss of money is so fast that it can happen in just mins or hours. You will need to make extra effort and time to study to convert your "risk" to a "Calculated risk". If you know the difference.
Risk is the first thing you should look at and calculate before making a choice to invest in bitcoin dude. you're right even in a matter
of hours you could lose. so you have to take that into account. how to reduce risk by honing the ability of analysis and knowledge
criket
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June 20, 2018, 02:10:50 AM
 #477

Investing is a Risk in all aspects because this means that your money has a potential to Grow or to Lose. But in the case of investing in Bitcoin, it was quite different. You can't just risk, but you need study as the potential growth and loss of money is so fast that it can happen in just mins or hours. You will need to make extra effort and time to study to convert your "risk" to a "Calculated risk". If you know the difference.
Risk is the first thing you should look at and calculate before making a choice to invest in bitcoin dude. you're right even in a matter
of hours you could lose. so you have to take that into account. how to reduce risk by honing the ability of analysis and knowledge
all investments I think there are risks to be faced, but bitcoin has a greater risk than investment in other fields or assets. but if you can get past this risk and face the big advantages you will get, most importantly understand the bitcoin and all the risks and benefits.
kmil91712
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June 20, 2018, 02:12:32 AM
 #478

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.


Well put toghether and very informative. Thank you.
chuyenhl15
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June 20, 2018, 02:41:54 AM
 #479

I think investments are risky, but invest in bitcoin is more risky than any thing else i've invested
roshanface123
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June 20, 2018, 04:48:30 AM
 #480

1.The basics of investing in bitcoin.
2.Why it needs to be taken seriously?
3 How to buy bitcoins (with credit card or bank account)?
4.How to protect and properly secure your bitcoins if you do decide to invest?
5.How we know the bitcoin fluctuations?
6.What happens to bitcoin,after your death?........etc.
These all things you should know before investing in bitcoin.
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