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Author Topic: What is the best way to invest in BITCOIN  (Read 677 times)
ancafe
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April 09, 2023, 04:11:10 PM
Merited by The Sceptical Chymist (3)
 #61

In the crypto world bitcoin was first  I had and how you can invest $ and it will add value and I know about other coins but I feel safe when I hear about bitcoin I have seen so many trading on bitcoin and making good earnings in return . Do you have to buy the coins leave it in your wallet for a while for it to add value or do you need to trade it I really wants to understand the transaction and investment in bitcoin because to me I have tried to invest in it but I’m not seeing any added value to my coin bought .
Staregi Sell or Buy is one that people often use, you can decide to buy at a lower price and you can also take the opportunity to sell when the price is higher, it is more to the short term for investment strategies like this.

But if you have more capabilities in investment, long -term is a very promising alternative and you can also combine DCA patterns to make purchases, if you use long -term patterns then it is more suitable for you to store bitcoin in a safe wallet. But if you understand the short term, then there are some exchanges that you can choose to make transactions.

    Can some one invest $100 to start or do you need more fund than this to start up any crypto investment , I have done so many research about the investment and making out good earnings from bitcoin still not working out for now I will be glad if I can get any ways to get it right .
Anyone is free to invest in any amount, but must be adjusted to their abilities. The DCA pattern is a good strategy to apply, if you don't have additional capital to be purchased in large quantities. Many people already know, that Bitcoin is much better than other crypto, so it's natural if you choose Bitcoin for the investment that is run.
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April 09, 2023, 06:20:46 PM
 #62

Investing in bitcoin has no compulsory amount to invest, the thing is understanding, acknowledgeable, and patience, when you have  the understanding to invest, you receive a huge profit. And the best time of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. That is why it is called investment. In the bitcoin holding world patient is the answer. You can buy and hold, buy in lesser and hold it for long-term, or wait for BTC to achieve its ATH again? That is the best time to sell it. the DCA pattern is one of the strategies that people can apply, this is directly related to some people who don't have big capital to buy.

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April 09, 2023, 08:06:47 PM
 #63

do you need to trade it I really wants to understand the transaction and investment in bitcoin because to me I have tried to invest in it but I’m not seeing any added value to my coin bought .
    Can some one invest $100 to start or do you need more fund than this to start up any crypto investment , I have done so many research about the investment and making out good earnings from bitcoin still not working out for now I will be glad if I can get any ways to get it right .
The value of the coin will not increase. You have to face these complications in starting trading, and for this you need to gain more knowledge about trading. Beginner you can start short term trading in spot trading, in this case, you need to continuously know the updates about crypto world news. I will tell you to try to learn more about chart analysis now if you want to start trading. And as a beginner, it is wiser to choose bitcoin than to go to altcoin investment, at least here you don't have to stress about the security of your fund, and its market is also volatile it must be remembered, but the rate of rise and fall is relatively low compared to other coins.
And I think 100 dollars is enough to make an investment, but remember one more thing that investment should be that much as much as you can afford to lose. If you want, you can trade using stop limit option in spot trading of binance. And if you want to make long term investment then adopt dca strategy and stick from now until the halving of the next bull-run.
Investing in bitcoin has no compulsory amount to invest, the thing is understanding, acknowledgeable, and patience, when you have  the understanding to invest,
I don't totally disagree with you but since he(op) is new I think it would be better to pick Bitcoin. For this alt-coin investment, I think he has to take a lot more risk, in that case Bitcoin will give him a safe investment.

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April 09, 2023, 08:49:35 PM
 #64

Investing in bitcoin has no compulsory amount to invest, the thing is understanding, acknowledgeable, and patience, when you have  the understanding to invest,
I don't totally disagree with you but since he(op) is new I think it would be better to pick Bitcoin. For this alt-coin investment, I think he has to take a lot more risk, in that case Bitcoin will give him a safe investment.

It doesn't matter if the OP is new or old but investing in altcoins should never be mentioned or recommended to him. Altcoins shouldn't be the way anybody starts his journey in the market or that individual will be lost forever because at first he might be lucky with his picks but as time goes on and he begins to become full of himself then the wrong picks starts coming in and if he isn't careful, he might lose everything he has gained including his invested capital.

That's how deadly the altcoins market are and shoudn't be given much attention when it comes to investing.Investment in Bitcoin should be the only encouraging idea as you save yourself a lot of lost by so doing. Bitcoin will always be profitable in every bull run but the same can't be said about a particular altcoins or them all in general. Therefore if you want to get the best out of Bitcoin then investing when the market is down is the best step to follow.

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April 09, 2023, 09:47:03 PM
 #65

There's no specific amount laid down as a conventionally accepted figure needed to run a good bitcoin investment, all that's needed importantly is your knowledge and experience to use in running whatever amount you can afford to start with.


I partially agreed on your opinion, but the investment amount should be above 50$ to see least change on the investment.  But there is no limit or barrier  on investment in bitcoin.

Also, it is risky to invest on altcoins no matter newbie or you have enough knowledge in cryptocurrency.
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April 12, 2023, 04:33:51 PM
 #66

In the crypto world bitcoin was first  I had and how you can invest $ and it will add value and I know about other coins but I feel safe when I hear about bitcoin I have seen so many trading on bitcoin and making good earnings in return . Do you have to buy the coins leave it in your wallet for a while for it to add value or do you need to trade it I really wants to understand the transaction and investment in bitcoin because to me I have tried to invest in it but I’m not seeing any added value to my coin bought .
You can choose both by trading or holding for the long term because that way we can grow the portfolio value if we do it the right way, but for beginners my advice would be better if you choose to choose holding as a portfolio value growth option because by holding the risk is lower than the risk when trading, especially with trading, we are required to always make technical analysis and some basic strategies so that it will be very risky for beginners who are not experienced in market movements if they want to trade.

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April 12, 2023, 04:49:12 PM
 #67

One thing you should note is that Bitcoin is not a get rich quick business that you will start seeing profit immediately after your investment, so it's a long term investment stuff if you want to start seeing some profits.
Secondly the amount of your investment determines what your profits would be in the future. Then lastly don't trade Bitcoin buy and hold for at least a period of 2-3 years from now for a better profit results. Use good dollar cost averaging, basically dividing your capitals into portion and buy at every given pull back you will be getting in the market henceforth.

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April 12, 2023, 09:29:10 PM
 #68

One thing you should note is that Bitcoin is not a get rich quick business that you will start seeing profit immediately after your investment, so it's a long term investment stuff if you want to start seeing some profits.
Secondly the amount of your investment determines what your profits would be in the future. Then lastly don't trade Bitcoin buy and hold for at least a period of 2-3 years from now for a better profit results. Use good dollar cost averaging, basically dividing your capitals into portion and buy at every given pull back you will be getting in the market henceforth.
Solid advice you dished out. At an initial stage people thought trading was the best way to get rich from any Bitcoin investment until those who neither had the patience to sit and monitor Bitcoin trends in order to trade or those who had no option other than to just keep their coins forgotten in a wallet, discovered the beauty of actually leaving the coins ones it yielded profit at the time it was gotten back to.
While a strategy may be to just forget the coins until sometime later, the yield may not be anything big compared to having topped up the forgotten coins over the time without withdrawing any of it.

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April 15, 2023, 07:52:35 PM
 #69

Investing in bitcoin has no limit of amount to invest, the thing is understanding, acknowledgeable, and patience, when you have  the understanding to invest, you receive a huge profit. And the best time of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. That is why it is called investment. In the bitcoin holding world patient is the answer. You can buy and hold, buy in lesser and hold it for long-term, or wait for BTC to achieve its ATH again? That is the best time to sell it.

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August 26, 2023, 10:08:36 PM
 #70

Bitcoin is a coin that we are highly sure of it success. No matter how it dumped it goes, it is certainly sure that it will still move up during bullrun. No one knows it's bottom so one can buy continuously using DCA.

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August 27, 2023, 04:15:06 AM
 #71

The best way to invest in Bitcoin is to research and understand the market, choose a reputable cryptocurrency exchange, create a secure wallet, and consider a long-term investment strategy.

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August 28, 2023, 09:34:14 AM
 #72

The best way to invest in Bitcoin is to understand the market movements, and place a pending order price when Bitcoin is dipped it automatically executed as a spot trader and sell when when return back to original stage make a little profits and it can as well by holding as investment for a period of time holding. The major things that matter in Bitcoin investment is your entry point and capital used to buy, that determine you're profits return investment.
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August 28, 2023, 04:17:02 PM
 #73

The best way to invest in Bitcoin is to understand the market movements, and place a pending order price when Bitcoin is dipped it automatically executed as a spot trader and sell when when return back to original stage make a little profits and it can as well by holding as investment for a period of time holding. The major things that matter in Bitcoin investment is your entry point and capital used to buy, that determine you're profits return investment.

Since you brought this topic back to life, I can add my 5 cents...

Well, from personal experience, best way to invest is the legal way you have in your country through the exchange you have. So, OTC or any shady (if that's the question) is bad, you definitely need to make KYC and must buy through legal way for later eventual tax payment.

When is the best timing it's something else (if that's the topic). Usually, best time to invest in bitcoin is when everyone and everywhere are bearish - meaning, they are not optimistic, they are negative, there is a lot of negative news etc. There is also fear & greed index (google it), when it drops below 20, usually is the best time to buy.

So, yeah, if we keep it simple - buy when others are in fear and think everything will drop to zero.
But also before buying you need to set your goals straight, otherwise you will lose it eventually.
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August 30, 2023, 11:17:09 AM
 #74

One thing you should note is that Bitcoin is not a get rich quick business that you will start seeing profit immediately after your investment, so it's a long term investment stuff if you want to start seeing some profits.
Secondly the amount of your investment determines what your profits would be in the future. Then lastly don't trade Bitcoin buy and hold for at least a period of 2-3 years from now for a better profit results. Use good dollar cost averaging, basically dividing your capitals into portion and buy at every given pull back you will be getting in the market henceforth.

I believe that mentality is always from those who actually introduced them to the environment, forgetting about the Bitcoin process and mentioning that in any form of business, generally, it takes time before you start seeing profits from what is invested. Because of this, I continue to wonder why people also view Bitcoin as a get-rich-quick scheme while ignoring the entire process. This is why I said that I blamed those who introduced them, as some people don't actually properly introduce Bitcoin, they only say the nicest things leaving out the risk behind investing.

The amount is also to be considered so you have to increase the number of bitcoins you have and the higher the quantity the higher the profit, I feel some people eventually sell their bitcoins due to financial issues and that is why it is always advised to always use funds you won't be needing for a very long time, holding is easy to say but in reality not easy, but holding for a long time is most beneficial.

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August 30, 2023, 05:16:17 PM
Merited by fillippone (1)
 #75

In the crypto world bitcoin was first  I had and how you can invest $ and it will add value and I know about other coins but I feel safe when I hear about bitcoin I have seen so many trading on bitcoin and making good earnings in return . Do you have to buy the coins leave it in your wallet for a while for it to add value or do you need to trade it I really wants to understand the transaction and investment in bitcoin because to me I have tried to invest in it but I’m not seeing any added value to my coin bought .
The right choice for beginners who are new to crypto is of course investing in Bitcoin compared to altcoins. because bitcoin is definitely the best because the risk is also smaller as long as you store bitcoin in the right wallet. What you need to keep in mind is that investing in bitcoin is not a way to get rich quickly, bitcoin takes time to make a profit if you keep holding it. In conclusion, no matter how much money you want to invest, the important thing is that you are prepared to face losses.

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   Can some one invest $100 to start or do you need more fund than this to start up any crypto investment , I have done so many research about the investment and making out good earnings from bitcoin still not working out for now I will be glad if I can get any ways to get it right .
For a beginner, starting an investment with $100 is very good, because of course as a beginner your knowledge is still very limited and you are not very skilled at conducting research, so investing a small amount is highly recommended. Except later after you master the market you can buy bitcoins again using the DCA method, because this method is very safe for beginners.

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August 30, 2023, 06:03:42 PM
 #76

The best way to invest in Bitcoin is to research and understand the market, choose a reputable cryptocurrency exchange, create a secure wallet, and consider a long-term investment strategy.
Your explanation made everything about bitcoin investment so easy. As a newbie trying to invest in bitcoin, your comment might be kind of misleading. If you are planning to explain something to a newbie, then try to elaborate on it more. Bitcoin investment is the easiest, but you can also lose your money or bitcoin if the right thing is not done.
 
When investing in bitcoin, there are some things we should understand, make sure your bitcoin is not stored on exchange, make sure you choose a reputable exchange to buy your bitcoin from, but immediately you  buy it from exchange, make sure it’s sent to a non custodial wallet and make sure you properly secure your wallet private key. If you can lose your wallet private key then you are losing your bitcoin that’s why it should be properly secure. Make sure your private key is completely stored offline where their is no internet connection so that where you store it won’t be hacked, anyone that have your private key already have access to your bitcoin that’s why it should be protected, to safely secure your private key, it can be carved on a iron steel, so that it won’t be destroyed by either fire or water. A private key written on paper can easily be destroyed by either water or fire, that’s why I do recommended iron steel.

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August 30, 2023, 06:17:49 PM
 #77

The best way to invest in Bitcoin is to research and understand the market, choose a reputable cryptocurrency exchange, create a secure wallet, and consider a long-term investment strategy.
There are people that love jumping on trend and this can lead us to a bad decision investing in a project when it's too late. People might have taken there profits and dump the market before we realized that investing in such a project is at wrong timing. Timing is one of the important factor we need to  understand as a cryptocurrency investor.

 If we can invest in a project at the right time, we are not going to lose money and by the time people are already dumping the project, we would have taken our profits by then. Once we understand the effect of wrong timing in crypto investment, we are going to be making profits in projects we put our money except it end in rug pull.

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Smeet
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August 30, 2023, 07:32:08 PM
 #78

There are so many ways for newcomers to invest into bitcoin these days. for example i live in Canada, and here there are so many investment apps popping that support bitcoin as a recurring way of investing (like wealthsimple). Although you don't specifically own your keys with this approach, its still a valid way for newcomers to get into investing in bitcoin.

Ultimately, majority of the people in this forum will recommend you to own your keys and would ask you to create a cold wallet using one of the many mobile apps to keep control of your keys, then you can buy bitcoin from exchanges and transfer it to your wallet.
Gallar
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August 31, 2023, 03:01:21 AM
 #79

In the crypto world bitcoin was first  I had and how you can invest $ and it will add value and I know about other coins but I feel safe when I hear about bitcoin
First of all, your choice of choosing bitcoin assets among other cryptocurrencies is the right thing. Because if you don't know, bitcoin is the best and safest cryptocurrency because bitcoin is decentralized. So your decision to invest in bitcoin is very correct.

I have seen so many trading on bitcoin and making good earnings in return.
Yes, this is true, because as I said above, bitcoin is indeed the best crypto asset. So in terms of quality, security and profits, Bitcoin is indeed the most superior.

But my advice is, even though Bitcoin is very high quality in all aspects, don't just look at the results/profits. Because behind these profits there is a process that must be passed.
Do you have to buy the coins leave it in your wallet for a while for it to add value or do you need to trade it I really wants to understand the transaction and investment in bitcoin because to me I have tried to invest in it but I’m not seeing any added value to my coin bought .
Not that easy and short. Because right now, I haven't sold the bitcoin assets that I have, because I'm investing in bitcoin, that's for the long term. So if you are still a beginner and haven't made a profit, in my opinion it is still considered normal. Because I, too, who was earlier than you, have not taken advantage of bitcoin. Even though in terms of market value, I have already made a profit, I will remain consistent in selling it when the bull market runs later (2024-2025).
    Can some one invest $100 to start or do you need more fund than this to start up any crypto investment , I have done so many research about the investment and making out good earnings from bitcoin still not working out for now I will be glad if I can get any ways to get it right .
In bitcoin, if you invest with capital that is not too large. Indeed, the profits will not be too big, considering that the price of bitcoin is very expensive. But investing in bitcoin with a capital of $ 100, in my opinion, is not too bad. Because to start investing in bitcoin, it's better to start with a small capital first, the most important thing is that the money is cold money.

But if you really want the money you invest in Bitcoin to grow more quickly. You can trade daily, weekly or monthly. So basically you have to be able to maximize the slightest market movement.

But to buy an altcoin with a capital of $ 100, in my opinion, it might feel quite big for an altcoin that has a very cheap price, but for an altcoin that has a high price like ethereum, if you want to make a profit, it will definitely be a little difficult too.

So in essence, if you invest in crypto, especially bitcoin, the name of capital, skill and knowledge will be very influential. And for less capital like you, I advise you to trade bitcoins in the short or medium term.

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