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Author Topic: As a newbie how can i invest in Bitcoin  (Read 819 times)
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November 12, 2022, 07:31:00 AM
Merited by fillippone (2)
 #41

Brother you are not too early to invest but it's important you learn about what you want to do and the forum is exactly the right for such lectures.

Most of us were only brief on the  wonderful gains we can make through bitcoin. But it's  also important that we know bitcoin can also make us be frustrated when we invest and immediately the market starts to drop you can be tempted to pull out your money because your expectations are going differently therefore resulting to loose but if you understand you  can hold and know that the price can still go up for to actually get profits

So it's important you learn first before doing anything irrational

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November 12, 2022, 08:24:51 AM
 #42

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.
Mate, welcome to the Bitcointalk forum. I assure you that you have made the correct decision by joining this forum, as we are prepared to provide you with all of the basic guidance and advice required for Bitcoin investment. I will also advise you to take all of the forum rules and regulations that have been shared with you very seriously, and I am confident that you will gain adequate knowledge here.

Moreover, you can go through Learnmeabitcoin.com for proper and basic knowledge about Bitcoin, keys and addresses, and lots more I feel it is one of the best guides for a Bitcoin beginner as it will teach you more about privacy.

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November 12, 2022, 08:57:04 AM
 #43

As a newbie you can acquaint your self with Bitcointalk.org rules, guidelines, FAQ. But after the rules if you wanna make investment the best is to invest now since the market is at it dip level and i would recommend you to invest on the top currencies which is BTC, ETH, BNB and any other cryptocoin you feels is best for you. I can say no other platform is like here and i spent quality time reading here the best you could is to develop your time to read.

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November 12, 2022, 09:23:44 AM
 #44

Brother you are not too early to invest but it's important you learn about what you want to do and the forum is exactly the right for such lectures.
Am sure the OP will definitely learn lot's of things about bitcoin and cryptocurrency in general, when I was still a newbie, I learned most things about bitcoin and cryptocurrency on the forum here, just make sure you go through the forum rules first, so that you won't go against any rules and am sure you will definitely learn a lot on the forum here.
Most of us were only brief on the  wonderful gains we can make through bitcoin. But it's  also important that we know bitcoin can also make us be frustrated when we invest and immediately the market starts to drop you can be tempted to pull out your money because your expectations are going differently therefore resulting to loose but if you understand you  can hold and know that the price can still go up for to actually get profits

So it's important you learn first before doing anything irrational
We all know their is risk in every investment you are planning to make, their is high volatility in Cryptocurrency, after investing you can be at lose, but am sure if any member of the forum will advice anyone to invest in bitcoin, then they will advice the person to be ready to hold for long term, so even if your money drops, you don't have to look at the amount your money is remaining, you should always look at the amount of bitcoin you are holding.
The only thing that can reduce when you buy bitcoin is the price, but the amount of bitcoin you are holding will always remain the same, so if you can hold for long term you will definitely make money and am sure that's what every member of the forum will tell you.

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November 12, 2022, 09:26:02 AM
 #45

But after the rules if you wanna make investment the best is to invest now since the market is at it dip level and i would recommend you to invest on the top currencies which is BTC, ETH, BNB and any other cryptocoin you feels is best for you.
BTC is the coin you should begin with. For many, that's where the investment in cryptocurrencies should end as well. After the merge, Ethereum has become an even more centralized and restrictive digital asset whose blocks are compliant with the OFAC Sanctions List. That's not the ethos that Bitcoin introduced to this economy. BNB is a centralized coin that belongs to an exchange that was involved in the recent controversy surrounding FTX. Its future could look the same as FTX's native coin and other coins created by centralized exchanges that mustn't exist.

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November 12, 2022, 03:20:59 PM
 #46

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.
Firstly as a beginner you have to know that bitcoin is volatile,  It is a decentralized currency , which the market price can never be predicted.  If you want to invest in bitcoin it will be good to know more things about bitcoin first.
The first question you need to ask yourself what is the reason why you want to invest bitcoin,  and if your answer is to get rich then you are going in the wrong direction,  if you are having in mind to invest in bitcoin to depend on it as source for living,  then you are not doing right thing. Investing in bitcoin is sweet when you don't put mind to depend to depend on it.

R


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November 12, 2022, 09:52:05 PM
Last edit: November 12, 2022, 10:16:41 PM by erep
 #47

i would recommend you to invest on the top currencies which is BTC, ETH, BNB and any other cryptocoin you feels is best for you. I can say no other platform is like here and i spent quality time reading here the best you could is to develop your time to read.
The current market situation is very possible for beginners to invest in top coins but must be based on analysis and research because the market has the potential to dump if negative issues continue, besides that we can review some news updates on the forum so that we are not affected by hype from outside news which results in investment losses.
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November 12, 2022, 10:58:27 PM
 #48

i would recommend you to invest on the top currencies which is BTC, ETH, BNB and any other cryptocoin you feels is best for you. I can say no other platform is like here and i spent quality time reading here the best you could is to develop your time to read.
The current market situation is very possible for beginners to invest in top coins but must be based on analysis and research because the market has the potential to dump if negative issues continue, besides that we can review some news updates on the forum so that we are not affected by hype from outside news which results in investment losses.
This is the problem started if someone wants to invest they should have do it already instead of doubting because the price may fall more. One thing they don't understand is that it's part of the process where the market has a correction/dumping/bear market. This should be their start investing because at the given price it's in $16,800 at the moment whereas the ATH was beyond $60k. Imagine how far it will go if there's another bull run again in the future? So why doubt that much when investing Bitcoin is intended for a long term.

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November 13, 2022, 10:07:05 AM
 #49

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.
perhaps, crypto investing is;
- too risky
- stressful (emotional stress)
- but of course, it was profitable if managed properly

What you need is to carry over these things and keep working on your investment and knowledge. Investing in crypto now is too easy, there are a lot of reliable and trusted exchanges available today that make you no worry about where to buy as long as it was available in your place. But, I have to said that spend your money wisely and just follow this golden rule "Buy low and sell high".

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December 04, 2022, 12:06:39 PM
Merited by fillippone (2), wmaurik (1)
 #50

We all know their is risk in every investment you are planning to make, their is high volatility in Cryptocurrency, after investing you can be at lose, but am sure if any member of the forum will advice anyone to invest in bitcoin, then they will advice the person to be ready to hold for long term, so even if your money drops, you don't have to look at the amount your money is remaining, you should always look at the amount of bitcoin you are holding.
Some beginners value the opinion that suggesting buying bitcoins at this time will lead to high losses, but the fact that forum members advise Bitcoin investment to prioritize the DCA buying method and buy Bitcoin according to the cold funds they have for long term investment.

Quote
The only thing that can reduce when you buy bitcoin is the price, but the amount of bitcoin you are holding will always remain the same, so if you can hold for long term you will definitely make money and am sure that's what every member of the forum will tell you.
I remember the frequently posted term “1 BTC = 1 BTC” forever, so long term holders value assets based on the amount of BTC held in the portfolio, but not the USD value converted as holders will aim for high return values in the future even if they have to wait 1 or the next few years. Make sure to hold BTC in a personal wallet (hard wallet is recommended) and avoid storing assets in a centralized exchange.

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December 04, 2022, 01:59:29 PM
Last edit: December 12, 2022, 01:30:12 AM by Obari
 #51

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.

To the little of my knowledge, this forum isn't an investment platform and I really don't think financial advice are given here.
Welcome to the forum but I would plead you don't be in a haste to start investing in buying of coins yet but you should rather invest both your time and resources to acquiring the right knowledge of the field you're about getting into, as that also gets you prepared mentally, emotionally and psychologically ahead of your journey in the crypto space.
Always remember to use the decentralized exchanges and also to use the cold wallet and remember never to share your security key, as if not your key? Not your coins

 
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December 04, 2022, 02:06:44 PM
 #52

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.

As a new investor you must have a good knowledge of your first training. You need to do market analysis first and then invest. Basically new investors who have not acquired much knowledge about the market should invest in Bitcoin first. Because there is no possibility of facing any loss if you invest in Bitcoin. And gradually he will gain knowledge as a successful investor and later on he will have a good understanding of the market and will be able to earn good income.
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December 04, 2022, 06:06:24 PM
 #53

As a new investor you must have a good knowledge of your first training. You need to do market analysis first and then invest. Basically new investors who have not acquired much knowledge about the market should invest in Bitcoin first. Because there is no possibility of facing any loss if you invest in Bitcoin. And gradually he will gain knowledge as a successful investor and later on he will have a good understanding of the market and will be able to earn good income.
You don't even have to do too much analysis when bitcoin is your thing. I mean, if you are willing to keep your bitcoins long term after investing then you might make a profit. The main things is that you should hold on your bitcoin long term, avoiding trades and ignoring short term volatility, then you will probably profit from the investment.

If you want to do it, then do it now but still consider something you can afford to lose.

 
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December 05, 2022, 06:13:49 PM
 #54

pls put a brother true,if am too early to invest or not

It will never be too late to "invest" because the scarce nature of Bitcoin means that as long as people have needs and wants, they will need to produce things to make our lives better and we will need money to pay for things.

The population isn't slowing down. More and more people are going to need bitcoin and the supply isn't going to increase as much as the population.

The price of bitcoin is designed to go up forever. It's never too late.

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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December 06, 2022, 05:54:18 AM
 #55

Here is a place where you can know more about bitcoin indeed you are in a right place. You can invest in Bitcoin but first make sure you know the knowledge of the outcomes, having bitcoin does not mean you are rich. Finally invest what you can afford to lose.

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December 06, 2022, 07:55:52 AM
 #56

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 considered a highly volatile cryptocurrency with large price swings in short periods of time, which can give you maximum returns or can face big loss. It may also be helpful for you to consider why you want to invest in crypto. Are you looking to cash in on a trend, or do you have a thought-out strategy in mind? Don't expect to get what you want quickly. Which will sometimes exceed the limits of your greed.

Bitcoin can be a stronger long-term investment opportunity, but it's wise to exercise caution and be clear about your intentions and expectations before diving in. As a new investor you will definitely need a wallet that is good enough to buy and store bitcoins. If your investment is big and long term then you can definitely use hardware wallet. On the other hand, since you are a newbie, my advice would be to learn first about Bitcoin and then invest.

Scamming happens frequently in cryptocurrencies so ensure maximum security of your private key. Avoid clicking on unnecessary links. There are various airdrops and phishing sites in crypto so avoid them by increasing maximum awareness. Hope investment can be safe if you follow these things.

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December 07, 2022, 01:05:07 PM
 #57

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're most welcome mate, feel free to ask many more questions as concerning bitcoin here in this forum, as the forum has all you need to know about bitcoin. And am sure every forum member here will be more than willing to share with you any information and sources of materials to any answer you seek cause for sure the forum is reliable and impactful.
There are varieties of benefits that the forum holds, apart from bitcoin which is the core of the forum , there are space for other conventional discuss as it affects each individual environment and the world at large.

These are few links you can use to guide yourself on your journey with bitcoin and even in the forum. It has been helpful to me and am sure it should too for you.
https://aantonop.com/books/iom/
Books for newbie's about BTC.

Beginners guide on trading in Bitcoin.
https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
 
Beginners guide:
https://bitcointalk.org/index.php?topic=4928968.0


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December 07, 2022, 01:13:50 PM
 #58

As a beginner, before you take any action you need to focus on reading first to familiarize yourself and know about investing, through investing you can earn money but always remember that the price are volatile it means the price will go up and down so you must set your emotion into a positive minded to control the feelings. And also you need to choose the better coin to hold and to invest coin that can make you happy in the rightime.
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December 07, 2022, 03:47:16 PM
 #59

As a beginner, before you take any action you need to focus on reading first to familiarize yourself and know about investing, through investing you can earn money but always remember that the price are volatile it means the price will go up and down so you must set your emotion into a positive minded to control the feelings. And also you need to choose the better coin to hold and to invest coin that can make you happy in the rightime.
The first rule is, have a purpose why you are interested in investing. Second, determine what assets they are interested in, and learn everything you can about them. I strongly believe that every investor should know what asset they choose as their investment asset, so not just put money on it and hold it without knowing what the asset is.

For most of its time, bitcoin has been great to consider as a long term investment asset. Not many people doubt its future even if at the moment bitcoin has lost more than 70% from its high price. So the poin is, if they are interested investing in bitcoin then they have to know what bitcoin is and how its potential in the future based on people's opinions or their own knowledge.
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December 07, 2022, 05:32:01 PM
 #60

Everyone can invest in Bitcoin the the proper time to invest is in bear market and that's now ongoing the bear market. You also need some technical analysis so that you can make entry and exit at the perfect time. Proper technical analysis will help you to know about the perfect investment period in Bitcoin.
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