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Author Topic: As a newbie how can i invest in Bitcoin  (Read 774 times)
mk4
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November 08, 2022, 04:49:54 PM
 #21

Bitcointalk is a community forum — you don't really do any "investing" in this platform (Bitcointalk is technically not an exchange, though you can buy/sell crypto here), unless you're planning on starting some online business and sell stuff here.

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November 08, 2022, 05:24:20 PM
 #22

Bitcointalk is a community forum — you don't really do any "investing" in this platform (Bitcointalk is technically not an exchange, though you can buy/sell crypto here), unless you're planning on starting some online business and sell stuff here.
Exactly, but the OP could invest some time here learning about how bitcoin investing is a better option than invest fiat in a bank account.

Some users may misunderstand what a community forum like bitcointalk does, it could be because of wrong information or indeed something else. I believe the OP will learn, but now it seems he knows that forums are not investment platforms.

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November 08, 2022, 07:45:53 PM
 #23

The best and first available advise for a newbie to do before any investment is learning about bitcoin, how will someone just dabble into something he had no clue on how it operates, this is onebof the reasons why loosing is inevitable for most newbies inbthe system, another way to invest is to first have it at the back of your mind that bitcoin is not a ponzi get rich quick avenue even though such opportunity might come after your investment that the bitcoin price surges high and there may be a new all time high for the price during this your buying period, so you can basically choose to buy or earn bitcoin for your investment.

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November 08, 2022, 07:51:28 PM
 #24

Welcome to this wonderful land bro. First of all you need to know the knowledge is your most powerful weapon to be successful. Before investing learn basic things and how its works. For instance if you didn't read bitcoin whitepaper i suggest you need to read it and understand why this revolution has started. Then check the graphs over the year and watch some analysis about graphs. And also on youtube many videos shared by newbie about their experiences, failures, mistakes etc. Other's experiences will be your gains Smiley

https://bitcoin.org/bitcoin.pdf
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https://www.youtube.com/watch?v=h9dTaAENRao
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November 09, 2022, 06:54:42 AM
 #25

Bitcointalk is a community forum — you don't really do any "investing" in this platform (Bitcointalk is technically not an exchange, though you can buy/sell crypto here), unless you're planning on starting some online business and sell stuff here.
Exactly, but the OP could invest some time here learning about how bitcoin investing is a better option than invest fiat in a bank account.

Some users may misunderstand what a community forum like bitcointalk does, it could be because of wrong information or indeed something else. I believe the OP will learn, but now it seems he knows that forums are not investment platforms.

I am more than sure that the OP came to the forum on the advice of friends or acquaintances who also have the hope of getting rich quickly. I always pay attention to the posts of a person who is going to invest in bitcoins with great enthusiasm, but after reading the posts, one can easily draw conclusions about the real reason for the person's appearance on the forum.
Posting topics on very distant topics from Bitcoin and an instant desire to invest in it suggests that the desire will remain a desire, since the user has not yet developed a real interest in the topic on which he created the post.

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November 09, 2022, 07:34:28 AM
Last edit: November 12, 2022, 04:53:23 AM by Obari
 #26

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.
I'm sure you know that here isn't an investment forum but rather a talk and discussion forum and Bitcoin just like every other investment and business, something must be invested just as the name investment implies.
First thing first, your interest and enthusiasm truly matters before any other thing, I really don't know your major reason for wanting to get involved in Bitcoin but I also want to sound it very clear that it is volatile and no one can gauranty you a profit because everything depends on you.
Learning never ends and the typical example is the things you see over here in the forum.
The forum is the right place for you to be with regards to Bitcoin as it was founded by Satoshi himself the originator of Bitcoin.
I would advise that you first learning the rudiments of Bitcoin now that you have the interest

R


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November 09, 2022, 07:41:31 AM
 #27

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.

you should know that this forum is not an investment platform although there are many big projects coming from this forum. as a newbie all you have to do is read the basic rules about what you can and can't do in this forum.

Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not

Bitcoin has been circulating for more than 12++ years, besides that the current bitcoin price is -50%+ of its ATH so it's not too early to buy Bitcoin.

I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.

I suggest you have to be more familiar with friend who tells you about this forum, don't feel like you can be better than his/her, maybe your friends have a lot of experience in this forum and you should be able to ask for her/his help to share tips and tricks that he/she does on the forum this.



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November 09, 2022, 04:08:43 PM
 #28

Bitcoin seems new to me on daily basis, you don't have to assume that you are late. Everyday, learn a new thing about Bitcoin like everyone else in this forum. Days goesby quickly and soon the Bitcoin network will become familiar to you. Ask questions when possible and try to engage with the answers under your thread. It's a sign of acknowledgement and learning get easier from contributing to people's responses. With the little knowledge you attain here as a beginner, talking to people about Bitcoin won't be difficult.

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CryptoHeadlineNews
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November 09, 2022, 05:02:50 PM
 #29

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
First of all, I wish to welcome you to this forum, and also clear the fact that this forum is not an investment platform of any kind, but a forum with an embodiment of knowledge to learn all that is needed in your Bitcoin journey. However, looking at the current price of bitcoin of $20,000 with it's all-time high price of $68,000, tells me that its still never late to invest in Bitcoin, in as much as you intend to hodl for a long term, because there is every tendency Bitcoin rising back to its previous All time high or going higher when the global economy gets stable in the future.

R


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November 09, 2022, 06:20:01 PM
 #30

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
You should know you can't invest in the forum, because it's called Bitcointalk those not mean you can purchase bitcoin here, and anybody that private chat you to help you invest in bitcoin is definitely trying to scam you, so you should ignore any message received.
Before you should invest in bitcoin, you should have basic knowledge of bitcoin and cryptocurrency, you shouldn't just invest because you see other people investing, don't just follow people and invest blindly.
After learning the necessary things you should know about bitcoin and cryptocurrency, I think you should just buy bitcoin, transfer from exchange wallet address to your non custodial wallet address and hold.

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November 09, 2022, 11:59:36 PM
 #31

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.
Since you are just learning about the forum, I will want you to be very patient and learn the necessary so that you will have enough knowledge about the crypto market and what it entails. The market do go up and down and I will want you to be string if eventually you bought coins at a particular price and you starting seeing the price going down, you will need to know that the market goes down and in a random ways and it should not be an opportunity for you to see the crypto market as a waste of time because crypto has both it honey part and the sour parts.

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November 10, 2022, 02:36:13 AM
 #32

First of all welcome to the forum. Here you will get better advices and will get more knowledge.
You are asking about investing in Bitcoin. So I will prefer buy Bitcoin and just HODL.

And I think this is best to buy Bitcoin. Because Bitcoin is near to $16000. Buy now and Hodl.

R


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November 10, 2022, 02:49:22 AM
 #33

You must understand about what's Bitcoin, how it's works, disadvantages, advantages and the other technical aspect first. If you jump to invest Bitcoin without any knowledge and Bitcoin price move otherwise with your prediction, you will call Bitcoin is scam since it just make you loss. This is why you need to invest because of your knowledge, not because the price only.

If you want to start buy Bitcoin, you must bought hardware wallet and use decentralized exchange.

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November 10, 2022, 08:13:06 AM
 #34

You must understand about what's Bitcoin, how it's works, disadvantages, advantages and the other technical aspect first. If you jump to invest Bitcoin without any knowledge and Bitcoin price move otherwise with your prediction, you will call Bitcoin is scam since it just make you loss. This is why you need to invest because of your knowledge, not because the price only.

If you want to start buy Bitcoin, you must bought hardware wallet and use decentralized exchange.
It is also important to learn about the development and market of bitcoin. but mostly beginners, they are just enthusiastic about the bitcoin market. they know to trade, create accounts and learn how to trade. that's what is currently developing in society.
not something wrong I guess. I used to just buy bitcoins just like that. without even knowing a good analysis. just create an account on the exchange and make a purchase then hold it long term till profit. that was my basic knowledge when I just bought bitcoin for the first time.
most importantly knowing that bitcoin is a risky asset. for beginners, just buy and hold long term. and always use money that we can afford to lose.



BIG WINNER!
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November 11, 2022, 10:07:04 PM
 #35

.....so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.
It will depend on your condition itself, you know and understand very well your condition.
However, if you are going to invest in Bitcoin, please, ensure at first about these at least:
- You already understood the risk and profit probabilities of Bitcoin investment
- You have free money for investing in Bitcoin, so you are not using money that you want to use for something else, daily needs, or savings. Just use the free money
- You already learn about Bitcoin and cryptocurrency, exchanges, and how the best way to invest and save assets. Nver fall into scams to avoid the lost of money.
As long as you have at least those things, you are wlecome and good enough to inevst in Bitcoin.


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November 11, 2022, 11:26:23 PM
 #36


Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.
There is always a good time to start your investment plan in the cryptocurrency But you must remember one thing, never expect for being a rich man overnight through Bitcoin investment. This may be probable, but the market is unpredictable and your money may be decreased only in a few minutes. This is because Bitcoin is very volatile and we also know that many people still hate Bitcoin so they always make bad news spread.

This is sure enough that investing in Bitcoin is actually worthy because of the value of Bitcoin itself. We also believe that Bitcoin can be one of the best investments for us with low capital also. If you are ready to manage your investment and to prepare for all things probably happened inclduing the risk, why not? Start your investment very well and wisely

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November 12, 2022, 01:21:22 AM
 #37

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me,and I still don't understand the modes of operations and ethics and kind of investment on this platform.
Bitcoin over the years friends have told me the positive impact and implications,so my fellow members,pls put a brother true,if am too early to invest or not
I relay on your advice and explanation to have great hope and the mind to continue and to also inform others about this,just as I was told by a friend.
bitcoin is always open to the public, the important thing is that you first learn about crypto/bitcoin and invest.

it's never too late to invest in bitcoin, because investing is not about being late, but about our willingness to invest.
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November 12, 2022, 02:11:12 AM
 #38

Knowledge and experience are the best investment methods. Also as a novice I this understanding to learn the knowledge of Bitcoin and more about the basic functions of Bitcoin. When I have learned enough encryption knowledge, I will start with a small capital to gain some investment experience, and then I will make long-term investment after I have a deeper analysis ability on Bitcoin.
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November 12, 2022, 02:23:25 AM
 #39

Knowledge and experience are the best investment methods. Also as a novice I this understanding to learn the knowledge of Bitcoin and more about the basic functions of Bitcoin. When I have learned enough encryption knowledge, I will start with a small capital to gain some investment experience, and then I will make long-term investment after I have a deeper analysis ability on Bitcoin.

That is the key.
If you jump in the market without learning or experience you will definitely face the problem of funds lost.
Like if you want to become a trader so first you should learn about your feild.
If you will learn and get experience you will definitely earn a passive income from your investment. Smiley

R


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.
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November 12, 2022, 02:31:31 AM
 #40

Definitely make sure to scan around the forums first.

I'd recommend starting off with:
https://www.coindesk.com/learn/

Then find an exchange where you can buy some BTC Spot.

If you have any questions, feel free to PM me.

#BTC is king.
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