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

[thesmallgod]

I saw many comment telling people to buy when the price is dip but nobody indicate when exactly is this dip price to buy. Well my own advice is that just as you can become a millionaire by investing in crypto within few months, so also you can loss your investment. There is no guarantee that you will make gain or loss. This is because nobody can predict what will happen to the price of bitcoin even in the next 24 hrs. Therefore always invest what you can afford to lose

[jakelyson]

Know that this is a volatile market and will stay that way for a long time. If you do not prepare yourself properly, that is, mentally and emotionally, you may lose it. There are times that will be testing your patience or ask yourself if you did the right decision, and if you are not prepared to deal with these, then better stay away from crypto or bitcoin. This lesson I learned the hard way.

[bitbunnny]

My suggestion would be to look also at bad sides, not only good ones. So everyone who wants to buy Bitcoin needs to be aware of volatility of price and that sooner or later loss is possible. Also it's important to have some plan and what is the goal one wants to achieve and will this investment be on long term or short term. It's important to say that buying Bitcoin will not enable you to become rich over night but it could be good tool for getting nice profit if you have resonable profit apetite.

[r1a2y3m4]

All I can say is DYOR. Do Your Own Research before investing on any coin even if it is bitcoin. You should know all the risk in buying bitcoin and all the things you must do while hodling it. I love reading a lot of articles about buying bitcoins and the risk in taking for that. Since, investing in bitcoin is money but don't forget that buying bitcoin does not make you rich quickly it takes time for you to be that.

[Stavri]

dont buy so much if you are a beginner. decide that how much money you want to invest for crypto market, and in the beginning invest only 30 percent of this amount. wait for a few months and keep that 70 percent for good timings.

[Teawhalee]

Firstly I would say the perosn should learn how to save his bitcoin using a good and reliable bitcoin wallet . After deciding if it’s a long term , short term it medium term. I will emphasize that you shouldn not keep your bitcoins in any exchange no matter what which is why I said you should learn to use a good bitcoin wallet so you can monitor your bitcoin yourself.

[pinoycash]

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.

Or to say it better, Do not buy bitcoin if you have a faint heart just like today when BTC lose $400 in one swing trade, All those who bought at $5400 are thinking twice once again Do not FOMO in, Buy only the BTC your willing to HOLD for a long time.

[kingpin4321]

Your suggestions are the very basic and simple ones but are the very necessary ones that can make or break any new bitcoin investors.
It's always good and necessary to follow to steps

[pixie85]

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


Why should someone who wants to buy Bitcoin learn about cryptocurrencies? You should advise them to learn about bitcoin. If you're buying bitcoin don't learn about altcoins you don't need altcoins to be successful and profit. If you are new it's even better to stay away from altcoins because it's easy to get scammed and lose money. Focus on bitcoin!

[hotimbineh]

I never suggested they buy bitcoin, but I often tell about bitcoin because I know by telling bitcoin and cryptocurrency, they will find out more about bitcoin, and they know that I am a successful bitcoin investment.

[CBANX Ltd.]

Ok! If you are thinking to buy Bitcoin, you must follow the steps below;
(For Newbie )

• Kindly understand the crypto world
  Do proper research of exchange
  Analyze the Bitcoin prize
  Security, withdrawal &b deposit, wallet (Check it all)
  Authentication & privacy policy

When you check these terminologies and its functionality dude, you will get easy entry in the crypto world and you might earn and not loose

[tasedijers]

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

[markstivn98]

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 the basic things that a person should take care of when buying a bitcoin.
But in my opinion, if a person is a newbie, he should not risk buying large quantities the first time.
He must also read a lot about digital currencies, investment and mining.
If you have someone who understands in the digital currency ask him about the time to buy under the high and low bitcoin.

[The Cryptovator]

Although OP suggestions are not new but its important for crypto-currency holders or buyers. Without proper knowledge anyone can't be success on crypto-currency world. If someone think that bitcoin is quick rich method then he is wrong. Its true few people's earn lot during last bull run, but it doesn't mean that always you will be win. In order to gain you have wait and you should have enough patience. Who know when it will run? So before buy bitcoin we should learn as much as possible.

[swordling143]

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.

Number 2 is absolutely on point! This is one of the most common misconceptions of bitcoin. Even the pioneer investors know that it's a long-term investment. You really have to do your own research before investing. There may have been exceptions in the past when some people took advantage of buying before reaching ATH, but nowadays, bitcoin is definitely not the way to earn quick bucks. I have some things to add though, you really have to be patient and stay positive all the time. Avoid FUDsters getting into you by ignoring dips and avoiding selling low. Remind yourself that bitcoin is the future and you're simply preparing yourself for it.

[amposed]

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

Good... that’s the easy part.

Twin!

Guys don’t be too optimistic

Lol are your feelings hurt because instead of get rich quick you got broke quick?

All crupto except BTC… are shitcoins.

Well, I'm not an optimist, neither am I a pessimist, I just know that everyone could do some research. Moreover, recently I was surprised to find crypto social networks, such as Taklimakan, that offers crypto education.It's really great idea especially for newcomers. In particular, I’m fed up to answer the same questions all the time, lets ask it and answer in specific networks and stop polluting chats with it

[pinoycash]

Although OP suggestions are not new but its important for crypto-currency holders or buyers. Without proper knowledge anyone can't be success on crypto-currency world. If someone think that bitcoin is quick rich method then he is wrong. Its true few people's earn lot during last bull run, but it doesn't mean that always you will be win. In order to gain you have wait and you should have enough patience. Who know when it will run? So before buy bitcoin we should learn as much as possible.

Yes, in cryptocurrency not everyone will be successful since, In the open trading market there's always a losers in the other side of the trading window, For every seller there's always a buyer that willing to take the risk in buying our BTC.

[BeManga]

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.

that was some good advice
if you will ask me my advice is only invest what you can afford to lose

[kickdapa]

You are drawn everything in just three lines! It's amazing! This three suggestion should be followed by all of the new and senior people in the crypto market! Sometimes we keep earning bitcoin and forget the security facts! So, everyone should use a hardware wallet like Trezor or Ledger. Without the proper knowledge, no one can gain from the bitcoin, so, everyone should have a proper idea before buying! And only long hodl can give a good profit to the holders. So, we must hodl some of our assets and then we can sell too at the correct time!

[tungaqhd]

Firstly, they should know that the bitcoin price might not pump and reaches 100000 usd in near future or never.
Then they should know how to secure their wallet too, hackers will try to hack your wallet especially when the bitcoin price pump.