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Author Topic: Top 3 advices Regarding Bitcoin Investing  (Read 424 times)
leowonderful
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March 07, 2019, 09:36:14 PM
 #21

Here's a few of my tips personally:

1. Don't invest more than you can afford to lose. This should be applied to any sort of investment or gamble you take in life. If you cannot afford to lose what you have, do NOT invest. Even the best traders sometimes lose money.

2. You don't need a hardware wallet for coin storage, especially for long-term storage. Paper wallets work just fine in the long run, though they should ideally just be topped up once and spent once. Make sure if you're going down the paper wallet route you're storing your paper wallet in a place with low humidity and low light levels so the wallet's still usable in the future when you transfer the coins off it to an exchange or another address.

Hardware wallets are good for if you're holding coins but also occasionally transferring coins out at the same time. Ledger and Trezor hardware wallets both work just fine.

3. Don't instantly sell off the moment coin prices drop! Holding generally works out in the long run, and BTC's going to make you go through a rollercoaster of emotions in most cases through prices fluctuating. If you need money badly, then by all means sell part or all of your coins, but learn to control your emotions. You'll be rewarded for doing so.

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March 07, 2019, 10:08:09 PM
 #22

If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?
1. do due diligence first, know what you are doing and what you investing in
2. decide how much in risky investment is comfortable for you to spend
3. keep with your decision to either invest or not, don't be in middle sometimes wanting to sell sometimes wanting to buy, this will make you loose your money

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March 08, 2019, 10:40:16 PM
 #23

If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?

These peeps are able to give and advice to you over how, where and when to invest Bitcoins? I don't think so because it takes some real personal experience first of all, and then the one who is giving you that advice should have already made a lot of profits or at least be in some profits from the time they invested. We can just try, and I'm saying this because we're still learning.

Still, as I'm experienced but not in profits, I'd like to give advice based on my experience only:

1. Don't fomo buy into any coin and don't sell any based on fud, it'll save you a lot of money from losing and will also save the costs (fees) if you'd have traded continuously.

2. If you're going to invest BTC in a project, check about it deeply because believe it or not, but BTC should be considered as real money and so, you need to be very careful while putting your money into any ICO or even STO.

3. Don't use your full salary (or even your complete capital to get into crypto), use only that amount which you can afford to lose because there are higher risks and chances of losing just as in gambling and forex. Don't fall for any doublers or even HYIPs because they won't return you your money even in the short term and you'll probably lose everything.

I'd suggest you to follow great personalities like Warren Buffett and Bill Gates (I'm not saying that they're crypto geeks, but their quotes can actually help you gain the type of mentality everyone wishes to have to become rich).

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March 09, 2019, 10:11:14 AM
 #24

The first among my best 3 advice to a newbies is that, never invest all your found into cryptocurrency always invest what you can afford to let go in case any thing happen, and secondly don't invest base on the analysis of others always carry out you own personal research and thirdly don't invest all the found in one project always diversify your investment.
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March 09, 2019, 10:44:16 AM
 #25

The first among my best 3 advice to a newbies is that, never invest all your found into cryptocurrency always invest what you can afford to let go in case any thing happen, and secondly don't invest base on the analysis of others always carry out you own personal research and thirdly don't invest all the found in one project always diversify your investment.

Hey there’s a lot to advise to a newbie but before I give my advise, I do hope you’ll take some efforts to study them and do your own research too. I would advise you to start with a wallet like Electrum, never share any of it’s details with anyone. My second advice would be not to transact on a public wifi, and if a deal looks too good to be true it’s a scam until they can prove it’s not. Thirdly and most important one don’t let the short term fluctuations force you into panic sales, hold your coins and sell only when you’re in profits.

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March 11, 2019, 01:58:34 AM
 #26

1)Invest 80% of your fiat money to crypto.
2)Invest the remaining of your fiat money to crypto.
3)Work for more money to invest for crypto.

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March 11, 2019, 02:10:42 AM
 #27

If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?
  • Don't invest what you cannot afford to lose (or need "unfrozen" to use at anytime).
  • Don't Panic sell, just relax and check again next month, or next year...
  • Diversify your investments, don't depend solely on bitcoin.

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March 11, 2019, 03:56:38 AM
 #28

1. Do KYC . ( Know the company and business well before you think of giving your money ).
2. DYOR  ( Do research, even the company/ business is legit, is it capable of giving handsome returns? Is there any demand of product or service?)
3. Do not invest that you cannot afford to lose. ( Golden rule, told to every investor)

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March 11, 2019, 05:59:08 AM
Merited by Steamtyme (1)
 #29

Firstly, do not seek investment strategies or ideas from just anyone, without verifying how authentic such information is, you could be mislead.
Secondly, always do your own research, that's the only way you can be a successful trader
Finally, try your best not to be greedy, all that glitters ain't gold

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March 11, 2019, 05:15:19 PM
Last edit: March 11, 2019, 05:28:57 PM by whotookmycrypto
 #30

1. Before dumping your funds into the next moon coin, see this https://youtu.be/5YGwfQ4nDkw. Fast forward to https://www.youtube.com/watch?v=5YGwfQ4nDkw&feature=youtu.be&t=1055 for a hilarious part.

2. DYOR. Always remember that when you are buying, someone else is also selling. Think about why this is the case.

3. Never invest more than what you can afford to lose.


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March 11, 2019, 06:57:31 PM
 #31

Well if am to give three advice to anyone new to bitcoin investing
It would be
*cultivate the character of patience
*start low and rise gradually
*be security conscious

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March 12, 2019, 03:57:46 AM
 #32

For me, the first thing to do is you should always think wisely and be more specific like investing your money which you can afford to be lost because not all the time you can gain profit or win and aside from that market is not actually stable and volatile it's good to gather more information from other users which they do the same way as what do you want to learn and to do.

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March 12, 2019, 01:31:23 PM
Merited by tranthidung (1)
 #33

1. Don't go all in, and always take risk into account and remember that you're investing in an extremely volatile asset. You can be a huge enthusiast but still not be a "moon boy".
2. Actually learn how wallets work and how to secure your funds before buying in. The last thing you would want is your funds being stolen.
3. As much as possible, keep your investments a secret. You wouldn't want family members and "friends" to be at your door begging for money. Also, for security purposes.
I add one more thing.
Never use marginal trading if you don't have at least 4 year of trading experience in crypto.
It's key to not losing most of your money fastly

Hardwares will be damaged somehow at sometime, it depends on luck, so hardware wallets don't mean that it is safer than paper wallets.
And, what's inside wallet, keys, nothing more.
Hardware wallet gives additional protection via password, but it does not make sense if it got technical troubles somehow.
I tend to use paper wallet. Keep them secret, safely, and out of potential damaging things, like water, fire, oil, and so on.
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March 12, 2019, 02:29:00 PM
 #34

My 3 important advice will be  -
1) Buy little amount from your everyday savings
2) Sell off when you see some good movements and re-buy when it is low
3) Try to avoid thinking of profit in short-term
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March 13, 2019, 12:38:23 AM
 #35

If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?

1) Put a fiscally responsible amount of your savings or income into bitcoin based on your expenses
2) Research the technology enough to understand how to store it safely
3) Don't let others opinions trump logic, understand why you got in and set a marker for when you desire an exit. You can sell a portion of your initial investment, regardless of the market volatility you walk away unscathed if you time it. Patience is key

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March 13, 2019, 05:05:50 AM
 #36

I have never broadly invested in bitcoin. But whatever I have invested, done at the ATH. Before then, I used to recieve some payments in bitcoin.
Here is my 3 advices for all newbies who want to invest into bitcoin-
1. Research
2. Research more
3. Research again from the beginning

Only then decide what to do. Don't invest into it only because it's price is increasing, others are investing.

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March 13, 2019, 01:08:41 PM
 #37

1.never trust any body who’s asking you or telling you something about money involvement specially those newly met here

2.always check sites that will be entering and read this threads for safer investing

https://bitcointalk.org/index.php?topic=4475764.0
https://bitcointalk.org/index.php?topic=4456502.0
https://bitcointalk.org/index.php?topic=3415026.0
Read those thread and you will be safe in trading for all your life

3.invest what you can afford to lose
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March 14, 2019, 07:36:04 AM
 #38

1. Buy bitcoin with a amount that would not impact your life even you lose those money.
2. Learn how to use a hardware wallet and transfer those bitcoin to a hardware wallet then forget them just like you already lose the money.
3. Sell half of your bitcoin holding every 4 years.
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March 14, 2019, 10:34:46 AM
 #39

  • Do not spend more then you can loose
  • Do hold at least 50% of your portfolio for longer run
[liKeep your bitcoins safe, scammers are everywhere[/li]
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March 14, 2019, 03:19:36 PM
 #40

The OP, @EriksonPartners (UserId: 2555867), has been autobanned, so it looks like he won’t be getting back to this thread anymore (see modlog):

Code:
Autoban user: N/A in topic #0 by member #2555867

Delete reply: Re: Bitcoin - Make things possible in topic #5110832 by member #2555867
Delete reply: Re: Now you can buy Bitcoin from the grocery store in topic #5109181 by member #2555867
Delete reply: Re: Bitcoin and Brexit in topic #5118068 by member #2555867
Delete reply: Cryptocurrency trading in topic #5118022 by member #2555867
That was a quick Bitcointalkxit

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