TOP suggestions for someone who's thinking of buying BTC?

[AmyBrown]

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?



Mine would probably be; 

1 Before investing, spend time learning about cryptocurrencies and blockchain in general

2 Don’t look at it as get rich quick scheme, but as a long investment

3 Learn ways to keep your bitcoin safe and secure.

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[sunsilk]

The unending DYOR advice, yes that's #1 and I'll always say that to those people who are thinking right now of buying it. I've talked to some before and all they think that it's a rich quick scheme digital coin, so without education of what you do you'll be ending up badly.
 
And the other tip that we always hear, invest what they afford to lose.

[Wind_FURY]

If you're going to buy in the present market condition, better buy the dip, and continue to do so while the bull market isn't in full swing yet.

If you'ee waiting for a capitulation, then kiss the opportunity to buy Bitcoin under $5,000 goodbye.

HODL.

[Kakmakr]

The most important tip from me, would be for these people to do proper research on how to secure the coins that they bought. A lot of people jump into Bitcoin and buy coins on an exchange and they leave it there. An exchange is not a permanent storage method for coins that are bought, but just a tool to acquire bitcoins.

You should buy a hardware wallet or print paper wallets in a secure way and then transfer all coins that are bought on exchanges to these hardware wallets or paper wallet. <I also do not trust online wallet providers>  

[Bitinity]

1 Before investing, spend time learning about cryptocurrencies and blockchain in general

2 Don’t look at it as get rich quick scheme, but as a long investment

3 Learn ways to keep your bitcoin safe and secure.

These are the basic things to do before someone is going to spend his money in bitcoin, but some times newbies do not really care about these basic things because their focus is more on how to make money from it then they will regret it later. The point number 3 is the most forgotten thing by newbies as most of them relying on exchanges to store their assets and point number 2 is the most popular thing among newbies. Most of them heard some stories of someone making great amount of money from bitcoin then they start to think that they will be able to do the same thing easily.

[Ayiranorea]

These are the factors that needs to be known before making an investment or buying of bitcoin for a long term holding. As of now the market has grown high reaching above $5000. Market is responsive and the growth very real without any manipulative measures, still we cannot assure of the downfall as growth in the value. With this it is good to wait for a little time period and make the buying.

[alisafidel58]

Before you buy bitcoin take research first and see what is happening in the market, you don't wanna buy bitcoin at a high price or where there is a bull run going on and you are caught in the bull run and a correction.

[Ezenwanyi]

I will suggest to you take into account the various basic skills needed for effective buying and selling of bitcoin.
Do not be greedy , always take profit when you see it no matter how little it may be.
Don't be a panicky investor.
Don't allow your emotions to control your investment decisions.

[kaya11]

We are in an early stage of development and you should be ready taking risks, traditional investments have low risk while digital currencies have high. Start  in small amounts. Bitcoin and other coins have high volatility, be ready to sell when you see a heavy drop inclination of prices.

[lyks15]

No.1 is the most important thing that you need if you are going to invest in crypto. You need to have some research to learn what are you going to built or what are you going to engage in business. You have to know what you are going to do. And next you don't have to rush to become rich to make your investment alive and far from loss. Because when you are rushing you don't think well so you can't have a good strategies to grow your investnent.

[okala]

Yes because many investors of this day always view bitcoin as a get rich quick scheme and at some point get disappointed when they expectations are not forth coming and tending to call bitcoin a scam, before you buy bitcoin take the time to learn the fundamentals and how to protect your self in the general market and again don't always take the analysis of others as an investment guide.

[dothebeats]

This has been an overused investment advice for bitcoin for years now but it still works like a charm:

1. DYOR (or do your own research) before buying bitcoin or any cryptocurrency you see fit. This doesn't get any older since the very foundation of most investments are anchored with how well you know about it and how well you understand the dynamics, alongside the risks accompanied in you buying the said crypto.

2. Buy low, sell high. A very basic thought about anything related to investing in particular and is not exclusive to bitcoin and cryptocurrencies. As the words said, if you bought low, you must sell higher in order to collect profits.

3. It's not always unicorns and rainbows. Upon buying into bitcoin and crypto, one shouldn't expect fast materialization of their profits as the cryptomarket is a highly-dynamic, fast-paced environment that is not suitable for collection of fast profits unless you're a god in prediction.

4. Keep emotions off of your trading habits. This will help you decide clearer and more efficient in taking the next steps in your trading venture.

[Haunebu]

This has been an overused investment advice for bitcoin for years now but it still works like a charm:

1. DYOR (or do your own research) before buying bitcoin or any cryptocurrency you see fit. This doesn't get any older since the very foundation of most investments are anchored with how well you know about it and how well you understand the dynamics, alongside the risks accompanied in you buying the said crypto.

2. Buy low, sell high. A very basic thought about anything related to investing in particular and is not exclusive to bitcoin and cryptocurrencies. As the words said, if you bought low, you must sell higher in order to collect profits.

3. It's not always unicorns and rainbows. Upon buying into bitcoin and crypto, one shouldn't expect fast materialization of their profits as the cryptomarket is a highly-dynamic, fast-paced environment that is not suitable for collection of fast profits unless you're a god in prediction.

4. Keep emotions off of your trading habits. This will help you decide clearer and more efficient in taking the next steps in your trading venture.

Excellent points, but there are a plethora of investors who simply do the reverse in these cases:

1. DYOR = Too lazy to do their own research. Just invest and profit is their mantra.

2. Sell high, buy low is what they usually end up doing.

3. Invest in crypto and they expect lambos and ferraris.

4. They go crazy whenever they gain profit or lose money.

Such investors need to improve their brainpower.

[traderethereum]

I agree with all of the OP said, and as the beginners in bitcoin, that person needs to learn about cryptocurrency so he can add more information as guidance to invest in bitcoin. The next thing that he should do is to learn how to protect his wallet and the private keys because this will be the important thing he needs to know.
And then, he can start to buy bitcoin in the exchanges, send the bitcoin into hardware wallet because it's more safety than to keep in the exchanges. And the rest, he can do anything he wants until he finds the price can increase higher, then he can sell his bitcoin.

[pooya87]

1 Before investing, spend time learning about cryptocurrencies and blockchain in general

2 Don’t look at it as get rich quick scheme, but as a long investment

3 Learn ways to keep your bitcoin safe and secure.

1. terrible advice in my opinion mostly because you will not find that many decent sources to learn a bout cryptocurrency in general. i would change this suggestion to learn about "bitcoin" in general because that is the only one that you can find a lot of resources and most of them are good. many are even newbie friendly. but when it comes to altcoins 90% of the things you will find is advertisement with false information trying to pump that coin.

2. the first half is good but the second is bad. bitcoin is not an investment, it is a currency and people should not buy it to make profit instead they should buy it to benefit from its many characteristics and then make profit as a result of those.

3. excellent advice.

[Thanasis]

Besides OP mentioned people need to know where to buy bitcoins most of the newbies fell for scam sites so they need to research about the legit exchanges supports fiat payments to buy bitcoin or just go with localbitcoin site which is the best and many payment options are available as per the convenient we can pick one from it.

[Jating]

What would be the top things you would advise on or suggest to someone who’s thinking of buying BTC?



Mine would probably be; 

1 Before investing, spend time learning about cryptocurrencies and blockchain in general


Or probably spend more time in this community. Because this is the best source of anything related to crypto, specially bitcoin.

2 Don’t look at it as get rich quick scheme, but as a long investment


Those who think of it that way will be burned and will lose their money here.

3 Learn ways to keep your bitcoin safe and secure.

Yes, and this newbie should check this link to help them out choosing the best wallet, https://bitcoin.org/en/choose-your-wallet

[Dudeperfect]

Well, Bitcoin is just another payment system and it is still in the basic phase of development. No one is sure that what is going to happen down the road and hence it is extremely important to consider risk factor while investing anything in Bitcoin or any other cryptocurrency for that matter. One should invest not more than his loss-bearing capacity as we all know that Bitcoin is a part of the wild cryptocurrency market where anything is possible. One should always invest his time before investing his money in order to understand what this market is all about and what are the consequences of investing in this market.

[bitbunnny]

Think these are all well known rules but the problem is that people don't pay attention. Only thing they have in mind is quick profit so very often they forget to get informed and to estimste the risks and the good sides.
I would add that is very important not to invest more than you can afford to lose, not to make decisions in a rush and under influence of emotions and always to keep eye on the market.

[BrewMaster]

the best advice to someone who is starting to buy bitcoin (apart from what was already mentioned) is to not-listen to the nonsense online usually in social media like Twitter or even the big news sites. most of them are spreading misinformation about bitcoin and sometimes even FUD. and a newcomer can easily lose track of reality if they are not careful about what they read and what they trust.