What is the best tips for who will invest in BTC for first time?

[fortunecrypto]

Nothing beats taking your time to learn everything you need to know about cryptocurrency, this is not rocket science and this is not something you just pour your money with and come back rich, you must learn how this technology works and how to safeguard your coins, you are very much responsible for your coins and the most important thing is, you know how to sell and how to buy more, and of course trade on various exchanges.

[1714797689]

1714797689

[emberbekas]

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  

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

Buy bitcoin with your spare money from trusted exchange then store it on your own wallet. Make a plan on how much profits you want to achieve. Indeed at the beginning, the things may not run as expected and patience will be needed. Then while waiting for your investment to grow, you can use your time to learn crypto further.

[fiulpro]

Select a fixed amount of BTC that you are going to hold , what I usually do is keep kind of two wallets , in one holding for the Long haul and in one I see the price is good and I need some money , I encash

This way I am able to encash day to day whenever I want , whatever savings I get I usually add them into the bank and keep some out of Bitcoins because in last , it's not a good idea to invest all your life savings here , then buy some Bitcoin from a friend or from exchanges.

Try getting then from a friend you know P2P transactions it's cheaper and more or less the same.

[ttcsalam]

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  

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

For the first time, investors need to invest in the market for the first time. For this reason, I think there is a possibility of losing more trading in the first place. Therefore, BTC has bought the market for understanding the condition of the market. And when the price increases, then sell it.

[NeverSop]

- ready to remember the principles and plans for speculation and understand the risks of crypto market.
- Observe and select the first step and market trend.
- hold on time will be much more valuable than stop-loss.
- regularly update news

[indrakusumaindra]

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  

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

I do think you already got the answer for the question number 2, only invest the money that you willing to lose which would not hurt you or make your life uncomfortable. I do believe you need to look at the patern of bitcoin and just make your mind to invest in bitcoin cause you believe in the technology. I do think you need a purpose to be able to hold long enough and survive the bear market, cause many people are loosing faith and sell all of their coins cause of the bear market.

[pixie85]

The most important thing is to stay calm no matter what happens. Don't overreact and don't let FUD news guide you.

You also should remember to keep some money on the side. Divide your fiat into 3 or even 4 parts and invest 1 then if it goes up or down invest another part. Always have some money invested to catch sudden bull pumps and always have some fiat to buy the dip.

[The Cryptovator]

Whoever going to invest on bitcoin for first time, they should acquire enough knowledge about bitcoin and blockchain technology. Know price from markets isn't enough to invest on bitcoin. This isn't quick rich scheme, so shouldn't expect it. Without proper knowledge about bitcoin no one could gain. So that's only suggestion for new investors from my side.

[Marcus yoyo]

Now bitcoin has the potential to provide maximum profits. If you are a beginner who will invest in bitcoin then you must have deep knowledge about bitcoin. You must monitor the market for at least one week to find out the movements of the bitcoin and the strategy you will choose to play bitcoin. You have to know lots of exchanges too so you can compare the prices of bitcoins between one exchange and another. After you have enough knowledge, you can buy bitcoin at a cheap price and at least endure it until the end of this year. My prediction, the end of this year the price of bitcoin will skyrocket again.

[superscommessebitcoin]

If you want to buy bitcoin not for trading, but to keep it until better times, then the choice of the exchange does not matter. You can buy it now and just wait. But if you want to trade, then you better prepare and wait for the most convenient time to buy.

[Wildwest]

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...

1. no need the most important thing is the exchange that you use is trusted.
2. Your steps are correct, I also buy BTTC gradually and don't buy it at once.
3. I am a trader, of course I trade with these good market conditions.

[exchangestolemycoins]

Buy low sell high. Don't check the price all the time, too easy to get consumed by it. Don't keep your coins on exchanges like Coinbase.

[kamBlanV]

the people will never invest in the digital world if they don't understand the blockchain system.  so an important point for beginners is to understand the basic system of BTC and know every risk.

[starboss]

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

[Pixyoxx]

There are a few things you need to take care of before trading or buying BTC.
1. Find a reliable and secure wallet. There are various secure wallets on the interest which you can use to store your BTC. For eg: zebpay , samurai , btc wallet etc.
2. Track the prices of btc and observe the graph. You should atleast take 2-3 weeks to get a glance about the inflation or the opposite of btc.
3. When you see the graph increasing, that is the price of btc is going up, you can sell your btc but when you see the price going down , hold them , don't sell but buy if you see any chance of them going up again.
4. The key to have a good hold on your Investment and gain profit is Patience, awareness and knowledge.

I wish you luck!

[Swordsoffreedom]

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

If you're sure that Bitcoin price will fall from the current price ($10870) then yes, sell now and buy at lower price. The only condition if you want to make profit is, that you buy back at at least 1% smaller price so at $10760. And you will make small profit because trading fees are always lower then 1% (usually 0.2%).
But chances are it will never fall to that value so you might be forced to buy back at higher price than you sold. The decision is up to you. My personal opinion is that Bitcoin will fall bellow 10k in next week or two, but don't take this as advice. I could be right, I could be wrong.
And make sure you don't miss the price fall. So the best bet is to open buy limit order at exchange so that you automatically buy bitcoin when it falls to your target price, for example $9900.
The profits of such trading are relatively low though. I would probably suggest you to just keep HODLing if you're a beginner.

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[Vishnu.Reang]

My tips are the following:

1. Keep the safety of your coins in your own hands. Never keep your coins in a wallet where you don't control the private key
2. Never ever keep your coins in an exchange wallet
3. Be careful about phishing links
4. Stay away from panic selling
5. Never invest in worthless shitcoins

[Turk Ace]

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

If you're sure that Bitcoin price will fall from the current price ($10870) then yes, sell now and buy at lower price. The only condition if you want to make profit is, that you buy back at at least 1% smaller price so at $10760. And you will make small profit because trading fees are always lower then 1% (usually 0.2%).
But chances are it will never fall to that value so you might be forced to buy back at higher price than you sold. The decision is up to you. My personal opinion is that Bitcoin will fall bellow 10k in next week or two, but don't take this as advice. I could be right, I could be wrong.
And make sure you don't miss the price fall. So the best bet is to open buy limit order at exchange so that you automatically buy bitcoin when it falls to your target price, for example $9900.
The profits of such trading are relatively low though. I would probably suggest you to just keep HODLing if you're a beginner.

Go 50/50 sell half keep half. Then, either way, you will make a profit. You could go all in either way but I feel its a bit greedy. I think take some of the remaining bitcoin you have left and invest in other currencies then rebuy bitcoin and treat the secondary currencies like you do your bitcoin (selling high buying low) so you always have an investment left otherwise you sell all at high then have nothing left because you never bought back in. Most of all be patient.

[jems]

Only one addition from me is that if you intend to start trading or investing in bitcoin then always consider every step you will take and never enter the crypto world without sufficient basic knowledge.