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Author Topic: What is the best tips for who will invest in BTC for first time?  (Read 9735 times)
maydna
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June 20, 2019, 06:47:54 AM
 #21

1. I guess in every exchange doesn't have a big difference in the price to start trading. But you need to search for recommended exchanges, so you don't get any bad experiences.
2. You can buy bitcoin in any amount of money you have, but it is not advisable if you use all of your fiat money to buy all bitcoin because at least, you need to have money to buy something in real life.
3. My strategy still holds some bitcoin, but I sell some part of bitcoin to get the fiat so I can buy my daily needs.
4. That is my tips for you Grin
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June 20, 2019, 07:09:46 AM
 #22

To invest in bitcoin as a newbies you will needs to study the historical market data and see were bitcoin is coming from before investing. Many investors especially those that did not know how things work always invest at a wrong price.  You are to buy bitcoin when it is in the bottom and sell when it in the top . If you do the opposite you will be losing and at the end call bitcoin names. It is the time and prices you buy bitcoin that matter and anything contrary is not advisable.
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June 20, 2019, 07:13:12 AM
 #23

First timers should first introduced a good exchange because it will be the root of all transactions. As a new member, he should first buy bitcoin because its safer that other coins. Top 10 altcoins can be a good start also. He should learn how crypto works and what is happening to bitcoin all over the world first in order to get along with it smoothly.

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June 20, 2019, 10:23:52 AM
 #24

The most important  thing ever is trusted investment ..invest a amount that are comfortable for you.. and in start  invest little bit.. and increased  gradually.. it will profit you..
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June 20, 2019, 11:34:04 AM
 #25

It is really a nice idea and choice to invest in bitcoin. But you must be very careful and know the hows and why's you should invest in a particular time and a particular amount. To begin with, just a trusted exchange with a well secured system. Make sure you don't deposit your money in a scam exchange else you are doomed. Monitor the trend of the chart for some time and see the stable digit say $8000 or $9000. A knowledge in this will help you know the rate of its fall or rise. When you invest make sure you always check your investment. When it rises please try and sell some.
Invest wisely
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June 20, 2019, 12:22:20 PM
 #26

Quote
1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

I don't think it's necessary, because the difference between the exchanges is only a little the most important is the exchange you use has good trust and feedback.

Quote
2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

Use all the fiat you want to use to buy bitcoin, the amount depends on whether you want to buy with all fiat or only part of the fiat you have. My advice is to buy all your fiat if the price reaches the lowest point in your opinion, or you can buy it gradually.

Quote
3. What is your strategy for now in BTC? And why??

I am a holder and trader, I hold a few btc in my wallet and I trade several altcoins on the exchange.

Quote
4. List me all your good tips for to start now! I will be very grateful...

Be patient and use good money management, always study, study and learn. That's the best way in my opinion, I do it every day.

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June 20, 2019, 01:04:25 PM
 #27

tips to PLAY THE GAME!??

this is an investment

1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

Do not be fooled by the exchange price, look for exchange that you know who is the owner and were is the exchange headquarters. Imagine if you have a lot of money in an exchange, how will you recover your money if you do not know who the exchange owner is and where the exchange is located?

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

answer to the first question:

If you buy to hold for many years, then you can buy using all the money you have, you do not have to buy in parts

answer to the second question:

be a patient person

answer to the third question:

Because you will not sell in a panic

3. What is your strategy for now in BTC? And why??

buy and hold








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June 20, 2019, 01:46:39 PM
 #28

For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...


Sorry for the silly questions, but that's how you start  Undecided

PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.





Get some coins and hold for years, never day trade.

Don't leave coins on exchanges, ever.

Don't leave coins on mobile phone / IOS wallets.

Know your private keys.
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June 20, 2019, 02:02:36 PM
 #29

Invest only what you can afford to lose would be my best tip. Bitcoin's price is very volatile. Anytime it can go up or down. It isn't controlled by banks so it's price can't be regulated.  One thing about bitcoin is it will have a high value in the future because of its very limited supply.
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June 20, 2019, 02:36:00 PM
 #30

One thing that are very important is the fact that people should realize very early on in this "game" that Bitcoin is a long-term, high risk investment and using it as a currency is it's primary goal. You should hoard 80% of all the new coins you buy and try to spend 20% of it, because people need to use it or merchants will stop accepting it and that will kill the merchant network.

The merchant network is just as important to stimulate the demand for bitcoins and for people to buy more coins on a regular basis. It provides a reason for people to constantly buy more coins.  Wink

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June 20, 2019, 08:34:59 PM
 #31

For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...


Sorry for the silly questions, but that's how you start  Undecided

PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.





after your first purchase, make sure to immediately move your bitcoin to a secure wallet
like hardware wallet
but make sure the wallet hardware is safe from the keylogger, because there is a case of someone's assets being lost because of the keylogger inserted in the wallet hardware

you can also use a web wallet like electrum or blockchain wallet
make sure to properly store the passphrase for the login without anyone knowing

the point is you have to move your bitcoin immediately after buying it from the exchange
never save your bitcoin on an exchange

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June 20, 2019, 08:44:33 PM
 #32

When it rises please try and sell some.
Better to raise your stop loss so you wont have to lose out when it keeps rising. Buying back would be harder in a steep uptrend if you sell.

Shopping online and sats back as a discount! (satsback) + LightningNetwork
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June 20, 2019, 08:46:10 PM
 #33



PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.




This answers to your questions bud. If you’ve already prepared your mind on it then you can go for it no matter what discouragement you may encounter. Remember that with all the decisions you make whether you succeed or fail, you take full responsibility over it. And you are right spend only money that you can afford to lose.
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June 20, 2019, 08:48:51 PM
 #34

Follow basic rules:

1. Do not invest all of your money into single coin/token
2. Invested amount should be within your tolerance limit. otherwise you will loose everything
3. Trade professionally not with emotion
4. Dont be greedy
5. Educate yourself first about crypto, how it works etc
6. Do your own research, do not follow anything/anyone blindly
7. Remember, if you can wait, wait patiently caues you are not in lose unless you sale your tokens.
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June 20, 2019, 09:04:07 PM
 #35

Try to learn the BTC price chart and price movements then you will know where BTC price was and where it can go! Read some articles, information about bitcoin to know more about your investing. Go to a trusted exchange to buy Bitcoin, but don't hold there. Buy a hardware wallet to store your Bitcoin and keep holding them! As you can see BTC price is growing very well and we are gonna break the 10K USD mark very soon. However, Congrats mate, you made a great decision. Good Luck.

Bitcoin is gonna hit 100K usd
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June 20, 2019, 09:25:03 PM
 #36

My 2 cents.

- Invest an amount you are comfortable with. Let it rest (well if you purely don't want to trade them).

- Don't panic when the price falls.

Thanks

A lot are already saying this - don't panic when the price falls. I for one, is also guilty on this matter sometimes. So if you want peace of mind and not really bothered by the price movement 24/7, invest what you can afford to lose. At least, you know that your investment is not for short-term profit but rather you're looking for long-term investments. Checking the price in the market will make you crazy. So you need to set and plan diligently when it comes to your investments.
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June 20, 2019, 10:07:55 PM
 #37

For who will invest for first time in Bitcoin, what is the basic recomendations and tips to PLAY THE GAME!??


1. It is true it's necessary search for a Exchange with the price cheap in BTC for buy it ?? That is a good recomendation for "Traders" and "Holders" too??

2. I will "holder" my BTC, I need buy in piece BTC or all my fiat money buy all BTC? What is the best strategy to be a good HODL in BTC?? And Why?

3. What is your strategy for now in BTC? And why??

4. List me all your good tips for to start now! I will be very grateful...


Sorry for the silly questions, but that's how you start  Undecided

PS:. I have already prepared my mindset, and I am only investing a money that if I lose it will not hurt me.

you already have the answer, believe in yourself in investment, do not interfere with other people's thoughts even though you are a little loss. if you continue to believe that bitcoin will continue to rise then don't worry about your losses will be replaced when the price of bitcoin rises dramatically. and for the number question here's the answer.
1. just buy bitcoin in popular website, because it'll be safer
2. don't put all your money on BTC because You have life and you have to finance it to always live
3. my strategy is hold my BTC for 5 or 10 years also do some trade
4. just believe in yourself

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June 20, 2019, 10:42:55 PM
 #38

Not at all, the average exchange actually has the same price for 1 BTC, it's just that maybe they use the price on the Buy Order so some might look like it is cheaper. and also usually the exchange has a high fee withdrawal.
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June 20, 2019, 10:46:14 PM
 #39

Follow basic rules:

1. Do not invest all of your money into single coin/token
2. Invested amount should be within your tolerance limit. otherwise you will loose everything
3. Trade professionally not with emotion
4. Dont be greedy
5. Educate yourself first about crypto, how it works etc
6. Do your own research, do not follow anything/anyone blindly
7. Remember, if you can wait, wait patiently caues you are not in lose unless you sale your tokens.
Well said.If you can follow these basic rules,surely you will make good profits in bitcoin investment.This is not an overnight process to make you rich,you still have to make more struggles and conquer all your fears in bitcoin investment.As long as you have high patience,then all these basic rules will be very possible to you.

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June 20, 2019, 11:48:38 PM
 #40

My 2 cents.

- Invest an amount you are comfortable with. Let it rest (well if you purely don't want to trade them).

- Don't panic when the price falls.

Thanks

A lot are already saying this - don't panic when the price falls. I for one, is also guilty on this matter sometimes. So if you want peace of mind and not really bothered by the price movement 24/7, invest what you can afford to lose. At least, you know that your investment is not for short-term profit but rather you're looking for long-term investments. Checking the price in the market will make you crazy. So you need to set and plan diligently when it comes to your investments.
Yes. Do not be very agressive on  checking the market price very often because you will definitely become frustrated if you see a sudden dropdown of price. Learn to manage your time well and never panic once you see negative condition in the market. Becoming calm all the time is very helpful not to make you lose in the long run.

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