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

[Lucius]

~snip~

I agree with your advices, they are definitely a good start for every beginner. A possible problem I see is that most people today have no money for long-term investment, and that perception of bitcoin is still on the side of quick profits and magic money.

I would also like to point out a rather important problem which is often mentioned, and it is related to many bitcoin forks which undoubtedly confuses new users when buying bitcoin. It is important that people know that buying some coins with bitcoin in its name does not really mean they really invest in real bitcoin.

What is also good advice is an old saying : Never invest more than you are willing to lose.

[Mastercon]

These suggests are good and help newbies to understand about bitcoins and crypto currencies. Understanding the crypto currencies is the main part of crypto's world. Peoples get minor info and start investing. Mostly they target big investment and at the end they lose there money which case they start hating bitcoins.

[kucritt]

before suggest people i think you need to see about their curiousity on bitcoin, if they dont have curiousity i think its better to not telling about bitcoin to him or her, it will be different if they like in bitcoin and they want to know about bitcoin. it will very helpful to give information to them

[joeperry]

According to my experience the best thing to do or suggestions I can make for those new buyers who's thinking on buying Bitcoins are:

1. Check the availability and legality of Bitcoin to your country, There are some countries who are prohibited to use Bitcoin and cryptocurrency.
2. Determine what's your goal on buying Bitcoin (e.g. As an investment, To use as a mode of payment, etc.)
3. Study the market and learn that Bitcoin is not stocks or forex. Bitcoin/cryptocurrencies are much volatile rather than the currencies in the forex industry.
4. Learn the basic entry to a market so the buyer would take advantage of the price and get as much as possible BTC at the time he/she's going to buy.
5. Lastly, There's a lot of top currencies in the market and not just Bitcoin. It's also good to look up to those coins as well.

I'm not saying that this is the right thing to do. This is all according to my own opinion and experience as a Bitcoin user.

[pinoycash]

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.

Let me add some suggestion,

- Do not look at the current price, When your buying BTC, you are buying something for the future. Think long term and not the short term gain for BTC investments.

- Want to avoid stress? Do not visit CMC on a daily basis specially during the bear season, Do not install Blockfolio or delta apps to track Cryptocurrency price in real time   Spare yourself in some unnecessary stress that will force you to sell your bitcoins when the current price is not in your favor

[bitzizzix]

Right now I see that the bitcoin movement has reached $ 5,200 and has dropped back to $ 5,175 and I think the price of bitcoin will continue to grow, it's better to buy it from now before going up higher and buying according to ability.
for me personally investing in the long term is the right choice for now and based on searching information about the development of bitcoin to ensure that bitcoin will continue to increase.

[TalkStar]

Below things could be helpful for a first time bitcoin buyer. such as;

1. Proper knowledge about secure crypto wallets where he will store his bitcoin.
2. Experience about the use of bitcoin offline wallet.
3. Slight investigation about bitcoins price chart from where he will be able to get the idea when to sell or hold.
4. Its better to know the legality of BTC on his native country which will help to make bank wire transaction.

[mich]

a) Make sure they are willing to lose it all since we never know the future
b) Suggest they dont watch the market all day everyday or they could become easily frustrated and panic sell
c) Regardless if the price drops, just hold on to your precious coins and hope for the best 

[kryptqnick]

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.

These are surely good suggestions. I'd also advice to explore the price chart (a potential investor should know about the previous ups and downs of Bitcoin), the main concerns about cryptos (that the prices won't go up again, that Bitcoin's scalability issue does not allow it to become mass adopted, some worries about quantum computer etc.). I'd also advice to decide in advance at which price or after what period of time would the person decide to sell bitcoins, what would one do if the price goes rapidly down and stuff like that.
And, of course, two golden rules of investing:
Buy low, sell high.
Only invest what you can afford to lose.

[spadormie]

The unending DYOR advice, yes that's #1

True, this is the advice all must put into mind.

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


DYOR advice is a must for a person whether it is a beginner or a trader for a long time, we MUST DO OUR OWN RESEARCHES before investing

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


Bitcoin will never be a quick rich scheme. Even nothing in cryptocurrency is an instant. Probably if you're lucky. For example before the big pump/before ath during 2018. You bought at December 2017, and that's your quick scheme.

3 Learn ways to keep your bitcoin safe and secure.

That's why we need to research about bitcoin wallet to avoid losing our bitcoins and our wallet.

[SiDtHeBeSt]

Absolutely, before buying cryptocurrency or bitcoin one was do a bot for research about how the markets work and trading works before investment. And one should be patient enough to hold the bitcoins and best time to buy would be during the dips.

[Huskarls]

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.

For me, the things above are old methods, they will suggest long-term investment, while the current condition of growth is likely to be smaller, unlike 2 years ago, i will prefer on short term trading, especially for major crypto like BTC and ETH

[sunsilk]

The unending DYOR advice, yes that's #1

True, this is the advice all must put into mind.

It should always be the top priority for someone who's looking to buy bitcoin. Yes, he/she can ask the community as it's part of it.

Absolutely, before buying cryptocurrency or bitcoin one was do a bot for research about how the markets work and trading works before investment. And one should be patient enough to hold the bitcoins and best time to buy would be during the dips.

Understanding on how volatile the market is will save you from giving you that kind of stress, so it's better for a new person on this will understand that bitcoin is moving quickly up and down. This is why others fell after the all time high, they all thought that bitcoin was an unending increase cycle without going sideways.

[xvids]

Of course it would always be DYOR learn about what they are about to get in.
And also look for the best and most secure wallet for their funds to keep it safe.
Only invest what they could afford to lose.
Don't expect too much just because of those successful stories .

[bhabygrim]

The only thing that I could suggest is don't think of it as an easy way to get rich.
There are people who only invest in crypto because they also want to be the next person who become wealthy from crypto.
Well for those who still have those kind of thinking could have been gone by now since the market has crash down.
You should know that in crypto you could only get profit if you trade,HODL or start mining them.

[muratsink]

the basic thing I will explain to others before investing is about knowledge of Bitcoin and the crypto world. this is capital that is very important for creating profits from the crypto world.

Crypto knowledge includes every aspect related to cryptography, such as trading, volatility, investment, security, lightning networks, mining, coin making with the ERC20 platform, all of which require knowledge.

[Doell]

the main thing that I would suggest is to learn cryptocurrencies first ,dont mmediately buy without knowing the product ,dont immediately want to get rich in a day and must continue to study all trading methods if want to trade ,dont be consumed by negative issues or other issues so that the doubts arise ,all of them must be aware of risk ,must advance or not at all

[Wind_FURY]

OP, another suggestion would be, if Bitcoin's price depresses you, it's because you maybe need to zoom out. "Bitcoin is not a sprint, it's a marathon", or however some Bitcoin maximalists say it. But it is true.

[Malsetid]

Think it thoroughly. Once you've decided that you really want to invest, take time to study the market. I think these first two steps are crucial for first time btc users. Just as with any other investments, you're on your way to lose money if you come barging in unprepared and expecting easy money. Read, watch, interact with people who are in the industry.

[baghdatis1990]

     Rule # 1 on the crypto market is to invest the amount of money that you are willing to lose. This unwritten rule exists because the investment in crypto is a long-term investment.
If you want to invest in crypto, you have to do your own research, because there are many potentially non-potential projects.
The security of the investment is also important. It is recommended to use a hardware wallet.