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Author Topic: which step i should take before buy bitcoin?  (Read 474 times)
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March 15, 2018, 02:28:28 AM
 #21

Before you buy bitcoin all you have to do is look at bitcoin prices and examine the movement of graphs, but if you buy bitcoin at the moment it's very nice to buy at a very cheap price for the current position.

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March 15, 2018, 02:41:14 AM
 #22

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?

Well, first you need to do is to find a wallet, As of the moment, there are many wallets that support Bitcoin. Please read this article to know how to choose a wallet https://bitcointalk.org/index.php?topic=1631151.0,

After you have chosen a wallet, you can now buy bitcoin. Buying bitcoin is really easy, you can either buy it, from exchange, people and some bank also offer this but of course, it really depends on your current location. But the easiest way to buy it is buying them in coinbase.

But of course to tell you honestly, You must be aware of this first if you really wanted to buy Bitcoin, Bitcoin is very volatile, you may lose or gain money in an instant. So before you buy them, please be advise that you can only invest what you afford to lose.

Yes, this is the first step you should do if you want to own a bitcoin, find a wallet. In addition, the next thing to do is to secure your wallet. Learning about the security of your bitcoin is very important because if you lose the bitcoins in your bitcoin wallet, they're gone forever and there is absolutely no way to recover them. You should be very careful when making a transaction over the bitcoin network, once the transaction initiated and bitcoin leave your wallet, the process cannot be cancelled.
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March 15, 2018, 02:47:48 AM
 #23

before you want to buy bitcoin i think you should have bitcoin wallet to save your bitcoin and exchange account to buy bitcoin because this is necessary if you want to buy bitcoin and don't buy bitcoin personal to personal because it's risky and certainly the main thing besides all of those is money because if you have no money you could not buy bitcoin

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March 15, 2018, 02:52:34 AM
 #24

There are many things to look for in the case of buy Btc.First to know about whole the crypto-currency world,then there are all the coins,we have to study-well.It has to be thought a little bit distant because the market condition isn't stable.Btc will be purchasesd to look at the price and the security will also be kept in mind.

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March 15, 2018, 03:48:49 AM
 #25

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
if you want to invest in bitcoin. you should notice is the bitcoin price, because the bitcoin price is always changing every time. if you buy when prices are down then the profits to be gained are greater.
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March 15, 2018, 03:55:35 AM
 #26

Savings with disposable cash reserves are the most important thing.    This isn't a game you should be playing if you're playing with the only money you have.

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March 15, 2018, 04:00:17 AM
 #27

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?

Study the market...that's all....because if you know what kind of market you want to invest with will surely help you to decide whether to invest or not. Bitcoin is a good investment but you must know when to enter the market carefully and ensure you success, otherwise you'll end up losing everything you have.
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March 15, 2018, 04:05:16 AM
 #28

Learn how to create a safe cold wallet, you can create a paper wallet from a offline linux live distro.

Buy bitcoin in dip, price is decreasing now, wait for $7k~5k buy and HODL for long term like 2 or 3 years.
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March 15, 2018, 04:10:04 AM
 #29

I think you must take a research about bitcoin and what is all about ,also take time to research about reading graph its actually giving help you,and when you know this you can know that when you buy and sell your bitcoin with gaining.

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March 15, 2018, 04:11:18 AM
 #30

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
Buy from a legit seller or exchanger,do some research and it better for you to have different resources inorder that you have options that you have to choose.Take extra careful of your wallet addresses inorder to avoid getting hacked ,in our country we have local exchanger that is very easy to access and the most important is the legitimacy because nowadays crypto community experiences wallets being hacked,scammers were everywhere that makes investors untrust with this new trend of investments.Another thing to consider is the votality of price,in investing with virtual currency this is inevitible,things that we cannot control,the movements of price will pumps and dumps so you must be aware of it in the first place.

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March 15, 2018, 04:52:48 AM
 #31

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?

Know first what is the use of bitcoin for you? are you going to buy and sit it to an storage or are you going to trade it to other coins there are lots of uses of bitcoin right you should know first what is your objective in buying.
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March 15, 2018, 04:54:08 AM
 #32

the most important step before buying bitcoin: Think again.
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March 15, 2018, 05:14:51 AM
 #33

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
If you are a beginner, you should know about Bitcoin and learn how its flaws and its advantages. before and buy Bitcoin. Right now I think it's time you bought Bitcoin if it is capable, but if not, you have to wait for Bitcoin to go down again. then buy and hold it until the time comes, because we all know Bitcoin will come back later.
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March 15, 2018, 05:21:49 AM
 #34

Many peoples talking about price, but you need also learn about technology and security.
Your bitcoins may be stolen and you cant back it because transactions in this network cancelable

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March 15, 2018, 06:02:45 AM
 #35

If you want to know how to buy Bitcoin without a broker, the easiest way is to use a trading platform. There are many trading platforms out there with various features. It is important to choose the right and reliable exchange place. You can dig up as much information related to the trading company from the members, ask the experts, and find out via the internet.
When comparing exchanges, remember to look at the fees charged for buying Bitcoin and what payment methods to offer.
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March 15, 2018, 07:36:36 AM
 #36

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?

in this situation, I think you need to check the price before you buy and you need to decide where do you want to buy bitcoin because there are many websites or third party that could help you to buy bitcoin. and I think, you can buy bitcoin right now before the price increases again and maybe you can buy for small portion first to see if the price increases or decrease. and if the price decreases, then you can buy bitcoin again. be careful to decide if you want to buy 1 bitcoin directly because the price now is hard to predict.
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March 21, 2018, 02:16:35 PM
 #37

1 Register a wallet. The wallet will keep your Bitcoin safe. Types of wallets: https://themerkle.com/here-are-the-best-bitcoin-wallets-for-2018/

2 Choose an exchange. Firstly, google exchanges operating in your country and make a list of them. As I don't know where are you from, I can offer to look at global ones.                                       
 
3 Register with a preferable exchange. It's better to open an account at
the exchange which supports your currency of use.

4 Deposit money to the exchange. It's better to try with a little amount
first to understand the whole procedure and not to be scared
risking much.

5 Buy Bitcoin. It can be bought in small fractions, like 0.1 or smaller, but you need to check it with the exchange.

6 Transfer Bitcoin to the wallet. Though most exchanges claim to be safe, they still can be hacked. So better store your Bitcoin in your wallet. [/li][/list]
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March 21, 2018, 04:17:07 PM
 #38

I am trying to buy bitcoin . i research online take some advise from people who are involve with it ..But to get exact point its bit uncertain ...so what should i need to know before buying bitcoin?
You need to be 100% sure that source which you are buying from is legal and you need to be confident that after purchase you will get your btc. After that read some threads on forum about making wallet safe, cause without it you will be an easy target.
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March 21, 2018, 05:30:25 PM
 #39

The only thing you need to know before investing in Bitcoin is that you are investing in highly volatile currency and you could lose your entire money as Bitcoin is in the initial phase of development no one is sure what is going to happen down the road so if you are not comfortable in such kind of situation then it is recommended not to invest in such cases. Do your own research before taking any investment decision and do not blindly trust others opinion. I am optimistic about Bitcoin but I wouldn't recommend you investing it without understanding what Bitcoin is all about and how it works.
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March 21, 2018, 05:53:03 PM
 #40

Honestly just read a lot, sniff out any information you can, don't believe rumors that you can't prove by yourself. One of my relatives invested heavily into a dead currency due to a friend's recommendation.. Just try to figure it out for yourself.
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