Things you should know before investing in bitcoin

[blue_dragon]

There are no complex things to know before investing in bitcoin.First you should kmow that we have to buy bitcioin when the price of bitcoin decreases and should sell them at a good profit.These things are enough before investing in bitcoin.

Yeah there is no complex things to know in starting an invesment but you must know where you will invest, know who they are, know what is there history about their company.

[Bella Thorne]

I am agree that we should invest with money that we can afford to lose. Investing on cryptocurrency is very high risk and using our idle money is wise decision because its long term investment.

Well the things we should know before investing in bitcoin is the value of it is unpredictable and off course people should know that the best time to buy is when the value of bitcoin will be very low on the market and the best time to sell it is when the value of it will be really high.

[rockyboy]

I am agree that we should invest with money that we can afford to lose. Investing on cryptocurrency is very high risk and using our idle money is wise decision because its long term investment.

True,  for me it is much better to invest and leave it for a long term investment.  Remember that in investment there is always a risk so if you can afford to invest, be ready for anything because no matter how good are you in trading,  you can also get some losses.

[Babyfaceless]

Before you enter in crypto you need to understand what is bitcoin the bitcoin is cause of all if their is no bitcoin no eth alt coins etc. and before you investing in bitcoin research first and you need to accept that if you lose in crypto and also small your income is small if you need find a mentor to teach you how to investing it can help to you're not going to lose and cannot waste your money.

[skibikipapa69]

Before going or getting involve into something, it is much better to have a knowledge or at less know even a little about it. Knowledge in bitcoin helps you a lot in making decisions and helps you commit less mistakes. As you know your money is involved in this so it is much better to learn it before investing to avoid loss.

[Layers318]

Bitcoin is a decentralized digital currency which is controlled by no central body but its users, hence its value is mostly derived from how users treat it (buy and sell) on the market. Before investing in Bitcoin, you must make sure to invest with money you can afford to lose just as with any other investment. Also, study the crypto market trend and seek counsel if it's your first time of investing.

[waynechong1995]

My advice for starters is if you are not super professional in trading or stuff, a stable job is required to deal with inconsistent income from cryptocurrency, also crypto mpved insanely fast which require consistent monitoring, you might need to always either stop losses or have yourself ready to react swiftly

[denzkilim]

I personally am not in favor of promoting bitcoin as an investment. Every time I've talked with my friends about the importance of bitcoin, I've done it with the purpose of expanding their ideas about the future of money, and how we can integrate into modernity through its use. But for those who still see cryptocurrencies as an investment instrument, they should look closely at what has happened in the market recently before risking their money.
 

I'm done and I already stopped explaining it to my friends because of the crab mentality that some of them possess. And now they are the ones who are approaching at me to learn about the advantage and privileges of owning a Bitcoin or an alternative cryptocurrency.

There are lot of information that you should know before investing in bitcoin but most of them will be revealed during your involvement in here. Well basically some things to know are the price, situation, market and value. Those are just things that you should consider before getting involve in here.

Bitcoin is supposed to be a currency and not an asset but these days because of the hype and fomo Bitcoin became an investment medium and it is losing the main objective of this technology "to be used as a digital currency" to simplify our monetary and payment system and now it became a digital asset and a means of investment. I hope that Bitcoin will regain its true purpose in the future and not just an investment asset.

[Jake Virus]

My advice for starters is if you are not super professional in trading or stuff, a stable job is required to deal with inconsistent income from cryptocurrency, also crypto mpved insanely fast which require consistent monitoring, you might need to always either stop losses or have yourself ready to react swiftly

People who want to invest in bitcoin must have all the knowledge, patience, trust and strategy in order to deal with it. They should also know that bitcoin investments involves a high-risk. Bitcoin value fluctuates aggressively. A crypto users will be experiencing so much price pump and dump.

[aziie110]

Before investing in bitcoin you should decide whether you are investing for the short term trading or long-term investments, for long-term investment bitcoin is a great choice because short term  is done when predictability is involved, in this case, t is not since many variables are involved.

[ubay]

Before you invest in crypto, you should first learn the basics of crypto. What kind of cooinnya anything, how to mining, what coin benefits, etc.

Any investment is always at risk, but you can minimize it by learning first.

[oni4an]

You say the right thing. It is impossible to hope for Bitcoin as the only way to earn and pray for it. No, you do not have to depend on it and then you will be sensible to analyze everything that is happening in the market now.

[Vickyrichy]

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.

Thanks for sharing such as insightful information about bitcoin investment.

[semutracing]

You know enough about bitcoin and you should know it on the internet or your close friends who know about bitcoin. Bitcoin also has a forum called bitcointalk.org, where you can also ask questions about bitcoin investments properly and appropriately and bitcoin investment is very profitable. It can even make you rich

[btcnijuan]

If you're investing in bitcoin or any other cryptocurrencies, you should study them first, like analyzing their price chart and know when to buy in the right time. But we can't predict the bitcoin price as it is unstabe and unpredictable.

[tuanphuong666]

Those who invest in bitcoin should know
Patience
Virtual money first investment must be patient. No matter how you place your order, you will eventually make a profit, so keep calm if you think it's a good price.

Use the cut command
Put a stop loss order because Bitcoin trading is a 24-hour trading with very strong price movements. Using a stop loss command will help you minimize risk. However, you should split into several different cutouts.

Do not check your account daily
Make the habit of not looking at your daily account. One of the things you need to know is that the electronic marketplace deals 24/7, so it's not feasible when you follow the 24-hour market. If you think your price is good, keep it.

[Cowming88]

There are many things to consider when you investing on bitcoin, you should need to be aware on the market price of it before you invest, make sure that the price is down, and you also need to consider the time on how long should you hold your bitcoin,or you just wait when the price become increase and sell if you think you earn profit on it.

[vakie1]

High volatility, Chances to lose all investments. Not insured and no guarantees of money from exchanges and governments like other traditional investments.
All risks on yourself. So only invest that you can lose or forget if lost.

[bright4mech]

That is true talk, but it requires patience to wait after investing on bitcoin or alt-coin, which can be lead to a long period of time to get more profitable from the initial price of buying, like wise alt-coin today, after ICO price, which we have invested and it takes time. Therefore any quick cash return the best way is trading platform.

[Ucupers]

What you should know before you invest in the Bitcoin according to me is the patience and knowledge about these coins. And the most important thing is you have money and every day you have to monitor the value of Bitcoin. If you are sure and Bitcoin down you can directly invest.