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Author Topic: Things you should know before investing in bitcoin  (Read 2358 times)
vakie1
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July 13, 2018, 08:58:30 AM
 #781

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.
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July 13, 2018, 09:03:01 AM
 #782

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.

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July 13, 2018, 09:15:53 AM
 #783

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.
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July 13, 2018, 09:33:31 AM
 #784

Always remember that cryptocurrency or bitcoin is volatile. Before making an investment you should study first, the pump and dump terms of a crypto so that you would know when is the right time to invest because lack of knowledge  about crypto may lead to loses alot of money.  
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July 13, 2018, 09:39:29 AM
 #785

Yes, before investing in bitcoins, all of these should be aware that we must know that this market is a high-risk market, and of course, it is possible to get huge profits.
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July 13, 2018, 09:41:40 AM
 #786

It’s important to understand how Bitcoin works before investing any money.
Bitcoin is still new and it can take months to understand the true impact Bitcoin can have on the world.
Take some time to understand Bitcoin, how it works, how to secure bitcoins, and about how Bitcoin differs from fiat money.
NerdofBTC
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July 13, 2018, 09:44:03 AM
 #787

Before you invest in bitcoin you should know all the pros and cons and the price of the bitcoin if the price is decrease you should buy the bitcoin and when price increase you can sell the bitcoin in order to gain profit.
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July 13, 2018, 09:47:22 AM
 #788


First of all, you need to find out what bitkoyn is, study the market, how it works, choose the strategy that suits you, and invest that amount that is not a pity
richkid3001
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July 13, 2018, 10:00:42 AM
 #789

Invest only what you can afford to lose.
Just like any other investor, you too can get overwhelmed by the power of money especially when it is proposed to come in a multiplied factor. Even many experts get lured and overwhelmed while investing. You, as an investor, need to know your baseline and never dare to jump over it.
artamon
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July 13, 2018, 10:07:33 AM
 #790

Most important thing is to spend only the amount that you can afford to loose. Then only you can be patient with the investment.
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July 13, 2018, 10:11:04 AM
 #791

Yeah. I always believed  that someone need to invest that much amount which he/she can afford to loose.
Goodnuel
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July 13, 2018, 10:35:36 AM
 #792

Key word to always study about whatever you want to invest in. Be it bitcoin or other crypto currencies, and even in basically anything in life. You should know the pros and cons before you put in your money.

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