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Author Topic: As a newbie how can i invest in Bitcoin  (Read 771 times)
Jfeat (OP)
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November 07, 2022, 04:37:53 PM
 #1

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.
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November 07, 2022, 05:06:06 PM
 #2

You are welcome to the Bitcoin world. As a newbie who hasn't gotten knowledge about Bitcoin have to learn and master the system before investing in it. Because there is risk therefore, you have to master the tools to invest. But if you have gotten the knowledge of Bitcoin even though as a newbie, you can invest in it. Investing in Bitcoin doesn't mean either you're a newbie or old Bitcoin but the experience is the key. Once again welcome on board.









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November 07, 2022, 05:22:08 PM
 #3

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.
Read through;
https://bitcointalk.org/index.php?topic=1689727.0
https://bitcointalk.org/index.php?topic=703657.0
To get an understanding of how the forum functions, check the above thread and also visit the different stickie threads on boards to get a feel of what posts are accepted there and what's not.

Also, the forum is not an investment platform, and there are no kinds of investments accepted here. We only discuss constructively on topics.

so my fellow members,pls put a brother true,if am too early to invest or not
"You" know your level of understanding on the specific investment and as such determine whether or not it's too early to invest.
You need a bit more than basic knowledge of what a product is about, how to buy, and how to safely secure that asset, as well as how to do your due diligence in research to ensure its legitimate.

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November 07, 2022, 06:24:28 PM
Merited by fillippone (2), vapourminer (1)
 #4

There have been many ways for a beginner to invest in bitcoin, in essence you have to learn more basic functions about bitcoin and also about understanding investments to manage in it and think about risks because bitcoin is high volatility.
The various strategies and directions from other people will help you in starting to invest in bitcoin.

You can learn this strategy as a beginner i think everyone experiencing ignorance is called a beginner so it is necessary to see this thread.
BUY & HODL - is the surest strategy for crypto beginners

I hope you don't choose altcoins as your initial investment, because I also have a dark past with altcoin investing.
You can see in this thread how to deselect it.
Newbies ! A wrong (Altcoin) selection would destroy your dream

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November 07, 2022, 08:41:54 PM
Merited by fillippone (2)
 #5

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.

Create time to read about the forum's rules and regulations very well, study the forum discussions with various boards, learn to build up yourself and be patient and about the kind of investment you're asking of, just from the name, this is bitcoin platform where people from all over the world meet together to discuss on bitcoin and it's not an investment platforms where you stake your coins and the likes.

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.

But ensure you've got the experience and all that it takes to standout before introducing bitcoin to others in other for you to have a say.



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November 07, 2022, 09:24:17 PM
Merited by The Sceptical Chymist (3), Queentoshi (2)
 #6

Welcome, You definitely gonna get all the necessary materials needed from the links already provided to you.
Chill all information you need that will help you navigate profitably in this crypto space will be given to you as well.

Therefore, since you've become one of us here, do not also forget to equally read the rules that is governing the forum, so you don't go against them and spam or plagiarize, hence your account will get banned, and you won't be able to get access to the information your seeking for.

Here is the link
https://bitcointalk.org/index.php?topic=1689727.msg16958010#msg16958010

R


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November 07, 2022, 09:34:23 PM
 #7

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.
Welcome on board.
I believe your friend has told you that this forum was created by Satoshi Nakamoto (Bitcoin inventor) to be a community for a major source of information for Bitcoin, crypto-related business, and blockchain.
There is no much mode of operation on this forum than you understanding the forum rules and regulations.

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.
You are never early or late to invest in Bitcoin, but you'll have to choose the best exchange (I recommended Binance), understand how to use the crypto wallet, never keep your coin on an exchange for the long term and never invest the amount you can avoid losing. I will also advise you to understand the impact of the Bitcoin blockchain halving.

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November 07, 2022, 09:53:26 PM
 #8

Welcome to the bitcointalk community ideal to check those links given by the other members and with your aim to invest with bitcoin, you can get it through an exchange or p2p the most ideal is to get in business to remove the doubt to have your bitcoin. Of course we not recommend to store your funds into those exchange wallet instead get your cold or hot wallet which you can have it safely and store your seed phrase into safe place not recommend to keep in online.

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November 07, 2022, 09:58:52 PM
 #9

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.
Start with a good research first and never fail to DYOR in times you are in doubt or you feel hesitations to go on. We all share the same feeling way back in newbies days, so definitely you are not alone. If I were you, study the links first provided in the thread because that will guide you on what to do and how to do it. Of course, you will experience mistakes along the way, but that is a normal thing, you will get to overcome it when your knowledge has gone too far.

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November 07, 2022, 10:18:17 PM
Last edit: November 08, 2022, 06:04:53 AM by Cantsay
Merited by Pmalek (2), vapourminer (1)
 #10

first and foremost make sure you familiarize yourself with the forums rules and regulations so as not to do anything that might jeopardize your account. check them out here.
https://bitcointalk.org/index.php?topic=1689727.0
https://bitcointalk.org/index.php?topic=703657.0
https://bitcointalk.org/index.php?topic=2766177.0
This could be a starting point for you.

Next step for you is to learn about Bitcoin since you stated that you're a newbie. Because you need knowledge of what you intend to invest in.  
Don't just make investments because your have the purchasing power you should also learn how to access to risk involved and also how to DYOR ( Do Your Own Research). you should learn how to carryout a thorough research that'll also reduce the risk of scams.

Here are some other links to help you

Try to create time to check out the links I provided, most of them are tutorials for beginners.


Good luck on your journey.

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November 07, 2022, 10:20:47 PM
 #11

As a newbie, it's a bit tricky to join the market sentiment as an investor, you should be doing a lot of research before jumping into the idea of investing in Bitcoin.  If you heard of investing Bitcoin in a DCA way "Dollar Cost Averaging" is the best practice for the newbie and hold it in a long term.

We have a topic for that DCA that you might learn, you can take a look at these,

Good luck with your plan and don't be shy to ask here for further assistance.
Never believe if there's someone sending you a PM of help, they're most likely scams.

.
.HUGE.
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November 07, 2022, 11:14:48 PM
 #12

Newbie investing bitcoin without proper knowledge of the technology behind it is too risky.

You will be in a trial and error at this stage that's why you need to DYOR of the wallet you are using for keeping bitcoin, exchange where to invest, how to secure it including on how to avoid scams and malware. Try to read this article from coindesk[1]

[1] https://www.coindesk.com/learn/

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November 07, 2022, 11:36:38 PM
Merited by NeuroticFish (2)
 #13

Though am a beginner and I found this forum interested,and I believe that it's the best platform for me
Welcome, mate.
Sure, this is the best place for you to find varied information, especially about Crypto and Blockchain.

I still don't understand the modes of operations and ethics and kind of investment on this platform.
You can learn this first https://bitcointalk.org/index.php?action=help;page=index#main.

Regarding investment, we don't invest in this forum. This forum is only a medium to communicate, discuss, share, announce, or hold any activities related to crypto and blockchain.

Just a suggestion;
Don't hurry to invest before you know well what crypto investment is.
Hurry investment won't raise a chance to get profits, it is only the way to waste money.
Have enough time to learn
  Wink


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November 08, 2022, 12:45:46 AM
Merited by The Sceptical Chymist (4)
 #14

I will give a short guide in order to make you understand the most safest and secure way to buy and hold Bitcoin.

1. Get a hardware wallet e.g. Trezor.
2. Use Tor network, never use Chrome.
3. Only use Bisq to buy Bitcoin, don't use centralized exchange.
4. Don't click any random links, never join a giveaway or airdrop and block everyone that contact you about crypto stuff.

Congratulations, your Bitcoin would be safe 100%.

.
.airbet.
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November 08, 2022, 04:53:14 AM
 #15

Undeniably, Bitcoin has become one of the most popular investment instruments today. Bitcoin investment can be done by anyone even those of you who are new to Bitcoin. You can start with small capital, you also need to need a more in-depth fundamental analysis of Bitcoin before getting into it.
Bitcoin does offer great benefits, but there are risks involved. You need to develop the right strategy before starting to invest using Bitcoin, one of which is buying Bitcoin when the price is down. To do so sounds easy, but the process is not as simple as you think because it takes proper analysis to buy and sell Bitcoin to get the profit you want.


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November 08, 2022, 11:38:53 AM
 #16

Newbie investing bitcoin without proper knowledge of the technology behind it is too risky.
I would say not too important to understand the technical part for bitcoin if you are taking it for investment purposes because it's not easy task to be familiar with technical part or say working of bitcoin with network.For example there are lot of stuff like UTXO,Master key and children keys and other technical stuff which will not be easy to understand by everyone not having technical knowledge.

But yes they should be having knowledge of how to make transactions,which wallet to use like non custodial wallets or hardware wallets or if they want to have bitcoin core download and save their funds in them safely with backup of seeds phrases in proper format which is essential.There are lot of scammers also trying to scam you of funds so always be safe from them by keeping update of the market.

So they should understand that bitcoin is best investment tool to safeguard them against inflation as well and if they hold patiently over time they can surely gain profits out of it without any problem but as you say always DYOR but don't go for altcoins at all which may sound attractive to you but don't have any utility with them and turn you into racks.

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November 08, 2022, 12:24:40 PM
 #17

pls put a brother true,if am too early to invest or not
While most of us already had that plan for long term like more than 10 years from now, so it's up to you think that if an early of a decade from now on is too early to invest or not.

The reality will be painful for most that don't consider buying bitcoin as early as they can do right now. Because we'll see how it goes based on the halving cycles and that will be higher as a fact.

There will be bumps and roller coaster road because it won't be a straight line going up there.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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November 08, 2022, 12:32:33 PM
 #18

I will give a short guide in order to make you understand the most safest and secure way to buy and hold Bitcoin.

3. Only use Bisq to buy Bitcoin, don't use centralized exchange.

It's fine to buy Bitcoin on a centralized exchange because they can be traded after dealing with the buyer/ seller.

Assuming you've already dealt with KYC and traded shitaltcoins there.

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November 08, 2022, 12:42:00 PM
Merited by vapourminer (1)
 #19

Welcome to the Bitcoin forum.
A forum that has a wide range of knowledge for anyone who wants to learn about Bitcoin.
In terms of investment, there is also a space here if you want to discuss further, as already answered by some members.
This shows that this Bitcoin Forum has members who are very friendly to anyone who wants to learn seriously.

I just want to say don't rush into investing until you understand it well.

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November 08, 2022, 02:14:55 PM
 #20

You can invest in bitcoin whenever you want, but you need to remember that investing means you have to be able to control your emotions because the price of bitcoin is always changing and can make you panic.
You can choose an exchange to start buying from and Binance is a great place to start but you have to complete verification there or use a non-centralized exchange like Bisq.
Try not to panic if the price drops but see it as a way to buy more bitcoins.
Buy bitcoins using the DCA method so you can buy bitcoins at low prices.
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