Redemption59
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April 26, 2019, 08:23:31 AM |
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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's pretty a good information though but what I would like to add up is that, anyone who is thinking of buying bitcoin should do well and research more on cryptocurrency, blockchain and bitcoin with its bullish and bearish trends. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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TheKeyLongThumbI
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April 26, 2019, 01:52:36 PM
Last edit: April 27, 2019, 01:13:21 AM by TheKeyLongThumbI |
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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.
I think all your answers are the most common answer to anyone with a situation like that. Anyone who has experienced trading or investing more or less than a year in this market would still give the same advice because they've witnessed the others or their own mistake when they go full time. So I would do the same but perhaps I will add things like you must be prepared to losses and also don't put everything on it like your life savings. |
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olamidey
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Activity: 798
Merit: 104
Buy, sell and store real cryptocurrencies
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April 26, 2019, 02:28:48 PM |
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Before investing, under the volatility of the crypto world and all the ups and downs of the price movements. Study and do enough research of BTC and be sure of the point you want to enter. I will say security is also important. Get a secured wallet, keep your passphrase safe and if investing a large amount, get a hardware ledger. Lastly, never invest much than what you can afford to loose. For me, this has been my principle which I encourage everyone to follow to avoid regret
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geegaw
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April 26, 2019, 02:59:43 PM |
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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.
I think all your answers are the most common answer to anyone with a situation like that. Anyone who has experienced trading or investing more or less than a year in this market would still give the same advice because they've witnessed the others or their own mistake when they go full time. So I would do the same but perhaps I will add things like you must be prepared to loss and also don't put everything on it liek your life savings. Indeed, every experienced person always advises these things when someone wants to invest in bitcoin but most of them ignore these advice, they only trust the information they hear from others, thinking of investing in bitcoin is simple and this is a quick way to get rich, lack of knowledge and consequences are unnecessary losses. So if anyone thinks about investing in bitcoin, I would probably advise them to ignore the rumors, spend more time reading information, identify the correct source of information, instead of garbage, and not rushing. |
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Ayiranorea
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Merit: 255
Leading Crypto Sports Betting & Casino Platform
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April 26, 2019, 05:32:14 PM |
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Buying bitcoin for short term or for long term profiting is really good compared to other cryptocurrencies that are available for investing. As bitcoin is already a proven asset, it gives more trust to the users while buying. This is the beginners way of buying and from expertise point everything shouldn't be of same asset, it needs to be diversified only through that one can find the best as well learn the tactics of trading which is the best source of earning in cryptospace.
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TimeBits
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Activity: 224
Merit: 62
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April 27, 2019, 04:36:59 AM |
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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.
4. Don`t buy it, earn it.  we should get used to earning bitcoin rather than buying them  |
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samcrypto
Sr. Member
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Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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April 27, 2019, 04:50:31 AM |
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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.
4. Don`t buy it, earn it. we should get used to earning bitcoin rather than buying them 5. You also have to invest some money to invest so you can get a higher profit, don’t depend on your income alone try to have more source of bitcoin. Theses suggestions are being mentioned many times in the forum and i hope everyone know when to buy and sell bitcoin, enough knowledge can generate more profit. |
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lavara
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April 27, 2019, 06:54:46 AM |
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Buying bitcoin at 5200 is a very profitable offer. Believe me, in the future it will be a dream when the coin reaches the price of 50,000 then 100,000 dollars.This is said by many cryptocurrency experts - those who believed in Bitcoin from the very beginning and bought for $ 100-1000. Volatility is very high - a coin can grow by 10-20% per day. Now is a very good time to enter.
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dongyi17
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Merit: 100
FRX: Ferocious Alpha
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April 27, 2019, 06:57:32 AM |
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To make sure for for great profit one must consider some factors before buying BTC... first make sure you have proper and full knowledge about what you are entering with, second buy it when btc is in dip or in low cost so that when it get high you too will have a chance for bigger profit and third look for the right and legit trading site..
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shesheboy
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April 27, 2019, 07:26:46 AM |
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You also have to invest some money to invest so you can get a higher profit, don’t depend on your income alone try to have more source of bitcoin.
when you work online or on campaign you already earn some cryptos and bitcoins . if you hodl them this is already consider as an investment . this what most of us are doing and it should give us a suffcient income therfor there is not needed to spend your own cash because you can use that cash for more important spendings outside the crypto scene . Buying bitcoin at 5200 is a very profitable offer. Believe me, in the future it will be a dream when the coin reaches the price of 50,000 then 100,000 dollars.
its not what you call a profitable offer because you arent earning when you buy . profitable means when you sell your coins at a high price . buying bitcoin at 5200 is rather a good offer because the price is not that expensive at all and its expected that the price of bitcoin can increase in the incoming days or weeks . |
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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April 27, 2019, 07:32:07 AM |
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Everyone who is buying Bitcoin should know that besides profit he should count on possible loss too. Bitcoin is volatile and that should be always kept in mind. Also, when buying you should know how much you can spend, so these should be funds that you don't need for something else and you should also define is that investment is going to be on short term or long term. And when you know all that pick up legitimate and trustworthy trading platforme.
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blockchainwriters
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Merit: 15
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April 27, 2019, 06:24:39 PM |
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i would suggest following the news website coindesk.com before buying crypto and one more important point nt to feel panic by selling btc out to fear because of false rumors
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sammyp
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April 27, 2019, 07:32:46 PM |
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My piece of advice is simple;
1. Buy as soon as you can afford.
2. Do not expect your money back any soon.
3. Do not promise anyone anything from your potential returns from bitcoin.
4. Be ready to keep it as long as possible.
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beliomir
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April 27, 2019, 07:43:43 PM |
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My advice is:
If you come to this market in order to make money quickly, then it is better to leave immediately.
If you are a long-term investor, then buy the top 5 coins, except xrp and that's it.
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princeyeboah
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April 28, 2019, 01:12:44 AM |
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Before buying Bitcoin, one must understand that it is a free market, hence every transaction must be made meticulously as verified transactions cannot be retrieved. It is very paramount for every newbie investor to study the basic principles with which Bitcoin, Blockchain and the entire crypto space works.
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mornabo
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April 28, 2019, 02:05:39 AM |
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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.
4. Don`t buy it, earn it. we should get used to earning bitcoin rather than buying them I think earning bitcoin must use capital right? and you can start by buying bitcoin for your trading capital to earnings bitcoin. I think that kind of mindset must be discarded, if you want to help bitcoin then you should adoption it properly, buy bitcoin with your own money, so demand rises and has a positive effect on the market one thing you have to know before buying, you have to know when it's the right time to buy |
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flying_bit
Jr. Member
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Activity: 434
Merit: 9
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April 28, 2019, 07:04:29 AM |
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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.
From experience, I learned this 1. DYOR - do your own research 2. TAYOR - Trade at your own risk 3. invest what you can afford to risk This are 3 important things I learned from crypto world and a key step before I invest my money. I researched (DYOR) then when I log in to my exchange account I do my own trading based on my own analysis and I only invest what I can afford to lose. At the end of the day, it's all just on me. |
Reality is the only thing that is real.
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Jocuserious
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April 28, 2019, 08:28:14 AM |
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If you want to invest in Bitcoin then you have to take some ideas about some basic tasks. In fact for the new bitcoin users it must be considered i can spend how and how much time i spend.
Because they are often seen to be more dependent on the exchange as a result, they spend a lot of money.
Therefore, Investment before your need more learning about crypto world.
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Ridwan Fauzi
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April 28, 2019, 09:02:37 AM |
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Those three points are a thing that should be done by newcomer before buy bitcoin. It useless if someone who buy bitcoin but he never know what bitcoin is and what its function and will be funny if they are think that bitcoin just a way to make their wealth grow up quickly. Also, if I find someone who intend to buy bitcoin I'll say to him that to having bitcoin is a big risk way for his wealth or for his money. He can get a loss just in one momment but he can also get a lot of profit just in one momment also. So as, investing in bitcoin just for people who has a bravery in other hand he must has also a high knowledgeable about bitcoin itself.
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BennyK
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April 30, 2019, 12:49:44 AM |
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Knowledge is power and it is very essential in all fields including cryptocurrency investment. Before investing in BTC, the investor must understand BTC and how the crypto world works. It must be understood that it is a free market hence decisions must be based on well analyzed information. This calls for the need for every investor to do an extensive personal research into BTC before investing in order to stay calm and patiently world when the market goes bearish.
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