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

[otandelapaz]

My suggestion is if you're planning to buy Bitcoin is make sure you use it at it should have been. Meaning if you have Bitcoin, use it to buy or acquire services using it.

Bitcoin was created as a currency not just as a mean of investing. We should put it in circulation like buying stuff online, payment for services, use it on online gambling and such. This way more people will use it because they'll know that they can trust Bitcoin as a "currency".

[teejayrichard2]

The three suggestions you highlighted here are the basic things anyone who wishes to invest in bitcoin should consider thoruoughly especially getting to have good knowledge about bitcoin, crytocurrency and blockchain technology. I have seen so many people investing in bitcoin simply because they heard someone made huge profit from it without even having the slightest knowledge about bitcoin. One should take out time to read or ask professionals about bitcoin, cryptocurrency and blockchain before making any investment so you know what you are getting into.

[thankyoulord]

Among all the suggestions you listed, number one is the most important as I have seen and heard so many people diving into bitcoin investment without having the slightest idea about cryptocurrency and bitcoin simply because of how wealthy investors in the past became after bitcoin price went very high. So they just invest and start watching price, hoping to make quick profti and they become frustrated when what they expect is not what they get. I think people should really take out time to really know more about bitcoina nd cryptocurrency before making any investment they wont live to regret.

[Bitmagister]

Undoubtedly I would recommend him to be very cautious when it comes to investing in cryptocurrencies, and I would recommend that before he or she get too excited he should be aware of the real possibility of suffering great losses. I would also recommend him/her to document a lot about what cryptocurrencies are and how the crypto market works, so that he/she should only decide to invest once he/she have sufficient knowledge of what this technology means.

[finzyoj]

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.

He is a newbie so let's understand for now .
Anyway, aside ftom the things given above, did someone advice you already to use btc wallet with Segwit or Segwit compatible address (bech32 or P2SH)? I mean, this kind of btc address is the most coomon compare to Legacy (IMO). This is also the usual wallet used for sig campaigns and buying/selling goods here so if you use it then there would be no hassle for you anymore. Good luck and welcome here .

[LogitechMouse]

I think the best thing to do is to do some research on how they will keep there coins secure. To be honest, I don't have any hardware wallet to at this moment so my coins is prone to hacks. What I've done is I divide them to 3 and put it in different storage.

One more is if you are not a trader, buy coins and hold it for long term. Also, invest what you can afford only to lose so that you will not feel any regret when you lose it.

[Vaculin]

I think the best thing to do is to do some research on how they will keep there coins secure. To be honest, I don't have any hardware wallet to at this moment so my coins is prone to hacks. What I've done is I divide them to 3 and put it in different storage.

One more is if you are not a trader, buy coins and hold it for long term. Also, invest what you can afford only to lose so that you will not feel any regret when you lose it.

For me, the best thing i can suggest is study first the crypto market and its movement. Do not make immediate investments without studying first the coins you want to invest. And choose carefully the coins  you want to invest so that you will not regret in the end because you have invested in the wrong ones. And as much as possible invest what you can afford to lose.

[hemendrasingh123]

My only suggestion for all those who are thinking of buying bitcoin is to make proper research and only after proceeds to buy them. If you do not research properly then you may face a huge loss.
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.

Some Tips for all those who are thinking of buying Bitcoin will be are as follows-

• Do Your HomeWork
• Proceed With Caution
• Diversify Effectively
• Keep Your Coins In Wallets
• Prepare For Volatility

[ubay]

I prefer to buy bitcoin at the lowest price and will hold it until I feel it's profit, if mining will need a lot of money and I don't think I will be able to.

[michellee]

I prefer to buy bitcoin at the lowest price and will hold it until I feel it's profit, if mining will need a lot of money and I don't think I will be able to.

Buying bitcoin at the lowest price will be the best suggestion for people but we need to find the right time to buy and it still difficult because the market seems to moves to the high price to low price but then moves to the lower price. Mining will not be a good idea as we know that mining will need big power to earn the higher rewards and unless we have a cheap electricity fee, we cannot expecting to make a profit from the mining.

[aliceHortrex]

I realized one last time.  The fact that sooner or later we will still use Bitcoin.  And bitcoin still need to buy.  Now, as for me, there is no time to buy, so you have to wait.

[Flangler]

I know how not right will this sound but I won't reccomend it to anoyone. The market is too dynamic, and probably manipulated too. That is my suggestion.

[bitzizzix]

Learn and find information about cryptocurrency and market developments before buying to invest and try asking those who are experienced because they are more understanding and have experience that will provide good input for you.
Bitcoin is more profitable if you invest in the long term and most importantly you buy it when the price is low, all posts here provide the best advice for you.

[MFahad]

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.

Yeah, these are basic top three suggestions who want to buy bitcoin and also it is necessary who want to buy bitcoin or invest on it. Although everyone know that bitcoin is good investment now a days but the other thing, how we secure it and which is right time to invest on it, so these are basic things, we should keep on our mind.   

[hahay]

Most of what I experience is the opposite, it seems like it's useless to explain a lot about "learning" at the beginning, because usually people tend to be lazy to learn it when they don't have it and the answer I often get is "confusion" and they don't understand what we explain, so they will learn it when they have it in this case is bitcoin itself, by having something unknown to them then of course they will look for many sources for understanding so they can use it more independently and of course they will learn from mistakes.

[Choyor]

Before we buy Bitcoin and invest it as well as we do first research on Bitcoin itself, and learn everything about Bitcoin deeper, always pay attention to market movements because we cannot buy when the price of Bitcoin is high because it is too risky.

[kalel18]

Learn all the ideas about Bitcoin before you involved and how to trade or blockchain. especially the safety of your wallet It's safe to be robbed. you should definitely find out about how to improve it and keep track of when it's going to go up and down the price. because this is not just easy to deal with this. Bitcoin is the most expensive coin
It's a shame if it's a waste.

[Ezenwanyi]

I will advise that the person do not follow all those pump and dump groups.
The person should as a matter of necessity get basic understanding of how the cryptocurrency market works .....the application of the knowledge might   suffice at a later date when confused about the right time to sell or buy more.

[thirdlight]

It seems to me that it is enough for a person to know how the market and the exchange work with him and then you can easily try to trade.  I think that many people do it very well.

[idham29]

Before we buy Bitcoin and invest it as well as we do first research on Bitcoin itself, and learn everything about Bitcoin deeper, always pay attention to market movements because we cannot buy when the price of Bitcoin is high because it is too risky.

Buying bitcoin as an investment can provide a big advantage, because the movement of the price of bitcoin is rising. This trend is usually long and speculators buy as much as possible so prices continue to be pushed up.
At the moment I suggest buying bitcoin and investing money that has not been used so far, HODL for a long time then sell when the price is high. This principle is the safest way to profit from bitcoin.