What does it take to become a Bitcoin investor

[Wildwest]

If you already have Bitcoin assets at this time, of course you are already one of the Bitcoin investors, and currently there are very many Bitcoin investors who have studied Bitcoin so that they can get greater profits when investing, because when we become investors we must know how the movement of Bitcoin occurs and the risks we must face because not all Bitcoin investors can always be profitable and this has indeed become the nature and risk of the  Investors, whatever happens you have to face especially in the crypto world.

[1714890419]

1714890419

[1714890419]

1714890419

[1714890419]

1714890419

[Broadanbig]

Being a bitcoin investor is not hard and it is not a problem. Although it is not just all about buying bitcoin but knowing the basic fundamentals of holding bitcoin as a whole. Also depending on how you intend holding your bitcoin wether a long or short term, there are some things you have to know as a bitcoin investor because that would guide you through to have clues on what to do and how to do it.

At first, your asset safety and security matters because that is your investment and as such should be properly secured from hackers and scammers.
Save your assets in your own personal self custodial wallet. It is a wallet where by you alone have access to the private keys and phrase.
Do well to save the documents where ever you have written your private keys and phrase in a safe and secured place were only you have access to.
Do not save your assets with any third party one centralised exchange otherwise if anything happens to the exchange, your assets and funds are gone.

[romero121]

When your bitcoins are stored on centralized exchanges, you won't have full control over them. But that doesn't mean you don't own it, you can withdraw your bitcoins anytime you want. It's still your bitcoin, so you're still an investor.

But I think it's not without risk to hold your bitcoins on exchanges and consider yourself the owner.It is just like you keep your capital with someone else and take it from him at the time of need. But there is no guarantee when someone else will take your money and run away,Because your capital is only yours when it is in your possession.

The example of FTX exchange is infront of us where many investers have lost their capital recently.Exchanges only give you access to your bitcoins and give you only one password, While your bitcoin remains in the possession of the exchange .So according to my opinion it is better that you keep Bitcoin in your personal wallet.

Once after the issue of FTX exchange people are more aware to keep their holdings in a much secure way. Centralised exchanges always have the good and the high risk. Good is the support system and the ease of usage, compared to the decentralised ones. Having our bitcoin in our own wallet is the right way to have control over our funds.

Even with the wallets we need to be aware, because we think every wallet we use is decentralised. It is wrong, wallets in which you'll have the private key is the real decentralised wallet. While using such wallets it is a must to use the proper URL or the proper application as it is possible to see similar wallets with similar features.

[AnonBitCoiner]

Just money is necessary to become a bitcoin investor but if you have well thoughts and a knowledgeable ideas so you can become a successful investor. Investor means that you have used your money by buying something like that of invested money into some coin so your investment makes you investor.

There is no other compulsory actions to do just gather some money invest it in bitcoin and you will be called as bitcoin investor but you should have command on your assets because success requires work and brilliant experience and ideas.

[Sakanwa]

For someone to be called an investor a good knowledge about investment and has face alot of things during investing.
A great investor most be a risk-bearer and be ready to face what ever that comes out from his or her investment.
A good investor most let go of fear and also getting over his emotions not to be cut out with due to emotional issues.

Not having 0.8 bitcoin and you call yourself an investor, do you have what it takes to been an investor!!!, Can you bear the pain when hard times comes, because am investor is ever ready what ever that comes out either profit or lost. For you be an investor you have to learn the ways of an investor.

[lizarder]

At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

To become a bitcoin investor you must have money and knowledge as the main requirements, because if you don't have money you definitely can't afford bitcoin. Talking about money, of course many people have it, but also many of them are not investors in bitcoin, so money and knowledge are equally important to make anyone a bitcoin investor. Investors must also understand how to store bitcoin in a safe place, this is no less important than money and knowledge about bitcoin.

Your friend is new to bitcoins so you can advise on how to store bitcoins in a safer place, as security and risk are a concern. After everything is understood, let him continue to be consistent in investing so that one day he becomes a successful bitcoin investor.

[Dzwaafu11]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Actually, there is no need to hold a large quantity of bitcoin before being considered a bitcoin investor, as long as you have put your money into it. By investor, Not only bitcoin, but everybody who puts their money into anything qualifies as an investor base on what I understand.

The same as with bitcoin, all you need is key understanding about the crypto currencies and how to hodl on for a long period of time, as well as other necessary things like putting it in your mind that you either lose or get profit.

[CryptSafe]

what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

For becoming Bitcoin investor there no need of any knowledge. when you buy any amount of btc without any knowledge you will be called Bitcoin investor. It's is same like you buy car having no knowledge of driving. you will he owner of this car but It will be more beneficial when you have knowledge of driving. similarly buying btc will make you investor but it's proper benefit can be obtain when you have atleast basic knowledge of crypto and how this holding will benefit you in long term.

If you have no knowledge, how can you buy bitcoins? Moreover, investing in bitcoin without knowledge is like gambling, I wouldn't call it investment but gambling. We do not buy or invest in anything, especially bitcoin, without having knowledge of it. The goal of investing is profit and to earn profit requires knowledge and experience.

As an investor, the first and foremost thing that you must do before investing into a project or business is you knowing about that business, the ups and downs, the good and the bad otherwise it is more or less you gambling just as you have said. One needs to know and have a sound knowledge of what they are about investing their funds into so as not to be taken unawares by he market volatility, trends and storm just as it is now the ordinals attack on the bitcoin chain.  Having a sound knowledge of your bitcoin investment prepares you for the mental and traumatic stress if there is any in the course of holding depending on the terms of holding it because it is not guaranteed that the market would be smooth as your plans and toughts are.

[Silver005]

Yes ooh, just like other people have said here,my dear I have never had that this is the specific amount someone needs to attain before he or she will become a Bitcoin investor,it is just for you to purchase any amount of coin you are able to afford and store in your wallet and you own a Bitcoin and eventually you become the investor,

So maybe you do hear someone are being called Bitcoin investor maybe because he spends all his or her time in the network on social media going from one site to other and making investment,he did according to his or her capacity,he may not even invest up to $100 but due to his doing it constantly and people always sees him or her,they may start calling him or her Bitcoin investor,so what am l saying,it doesn't require any certain amount to become a Bitcoin investor ok, just invest with the little you can and automatically you become a Bitcoin investor as well ok..

[Woodie]

The word "investor" is usually associated with big fat pockets, but when this comes to cryprocurrencies I think the word is loosely thrown around  to mean anybody that can afford the crypto coin to buy and hodl.

So basically to be come a Bitcoin investor doesn't have to mean having to have millions of dollars pumped into a project,anything you buy can make you an investor seen this with ICOs,IEO  were anybody that buys/bought a projects token is literally called an investor...so it just makes sense that if you can buy BTC this should also qualify you to be called an investor.

[Victorybit1]

My advice is first to educate yourself about Bitcoin. Learn everything you need to know about Bitcoin and what it entails, the risk involve. After getting the required knowledge, create an account and choose a good Bitcoin exchange platform like Binance, there are several bitcoin
 exchange platforms.
After this, fund your account, after funding your account with fiat currency USD, Once you have funded your account, you can use the exchange trading platform to buy bitcoin.

[Gallar]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

To invest in bitcoin, you definitely need a certain amount of money to buy it. Because that is your initial condition for starting steps to invest in bitcoin. If you don't have money, how do you buy bitcoins. Having knowledge and knowledge in the world of investment, is definitely mandatory, that is also included in investing in bitcoin. Because if you invest in bitcoin, but you don't have the knowledge, mistakes or even fatal mistakes will definitely arise, such as losses. The two things above are the most important elements in investing in bitcoin. So if you are looking for something significant about how someone can be considered a bitcoin investor, the above argument is the answer. So in conclusion if someone wants to become an investor in bitcoin, the method is not complicated, you could even say it's easy. The most important thing is to learn first, then start investing in bitcoin.

[zanezane]

My advice is first to educate yourself about Bitcoin. Learn everything you need to know about Bitcoin and what it entails, the risk involve. After getting the required knowledge, create an account and choose a good Bitcoin exchange platform like Binance, there are several bitcoin
 exchange platforms.
After this, fund your account, after funding your account with fiat currency USD, Once you have funded your account, you can use the exchange trading platform to buy bitcoin.

I agree, also you should know the risk you will take investing to Bitcoin. First step is to educate yourself about Bitcoin by reading its whitepaper(https://bitcoin.org/bitcoin.pdf) and understand deeper meaning of it. Not only meaning and about the coin, also the technical side of Bitcoin.

And If you already understand the technical and what is bitcoin, the first thing you will do is creating a wallet where you will keep the Bitcoin. Next is to buy, there are three ways to have a Bitcoin: by cryptocurrency exchanges, peer to peer trading and Bitcoin Atms. Secure your Bitcoin by enabling two factor authentication. Learn about security and best practices like private key management, avoid phishing scams, and securely storing your Bitcoin. Stay updated or informed about the latest development and learn more about Bitcoin by following reputable news resources, participating in online communities like this site (http://bitcointalk.org) , and reading educational materials.

[blockman]

If you already have Bitcoin assets at this time, of course you are already one of the Bitcoin investors, and currently there are very many Bitcoin investors who have studied Bitcoin so that they can get greater profits when investing,

And there go the lucky ones that have invested the right one and those that aren't who have invested at the wrong time.

because when we become investors we must know how the movement of Bitcoin occurs and the risks we must face because not all Bitcoin investors can always be profitable and this has indeed become the nature and risk of the  Investors, whatever happens you have to face especially in the crypto world.

It takes time to become profitable and you're right that it's not all that becomes profitable. Such experiences that we get from the market being an investor/holder, teach us on how to approach the market in our own ways. Some do just nothing at all while some, accumulate if the market favors and it's not that high at all.

My advice is first to educate yourself about Bitcoin. Learn everything you need to know about Bitcoin and what it entails, the risk involve. After getting the required knowledge, create an account and choose a good Bitcoin exchange platform like Binance, there are several bitcoin
 exchange platforms.
After this, fund your account, after funding your account with fiat currency USD, Once you have funded your account, you can use the exchange trading platform to buy bitcoin.

Everything will be learned accordingly if you invest in Bitcoin. You'll be exploring all of those things even going in the exchange and trying your ownself doing all of those trades.

[serjent05]

My advice is first to educate yourself about Bitcoin. Learn everything you need to know about Bitcoin and what it entails, the risk involve. After getting the required knowledge, create an account and choose a good Bitcoin exchange platform like Binance, there are several bitcoin
 exchange platforms.
After this, fund your account, after funding your account with fiat currency USD, Once you have funded your account, you can use the exchange trading platform to buy bitcoin.

I agree, also you should know the risk you will take investing to Bitcoin. First step is to educate yourself about Bitcoin by reading its whitepaper(https://bitcoin.org/bitcoin.pdf) and understand deeper meaning of it. Not only meaning and about the coin, also the technical side of Bitcoin.

Yeah in investing we need to know the all around of the asset we are investing into.  For example, if we like to invest in Bitcoin we should be aware of its market, the technology behind it and the current event that has something to do with the sentiment of the market.  We must also know when to sell and when to re-invest.  This way our capital isn't just sleeping idle in our stash, it can grow by taking advantage of the dips and surge of the market.

And If you already understand the technical and what is bitcoin, the first thing you will do is creating a wallet where you will keep the Bitcoin. Next is to buy, there are three ways to have a Bitcoin: by cryptocurrency exchanges, peer to peer trading and Bitcoin Atms. Secure your Bitcoin by enabling two factor authentication. Learn about security and best practices like private key management, avoid phishing scams, and securely storing your Bitcoin. Stay updated or informed about the latest development and learn more about Bitcoin by following reputable news resources, participating in online communities like this site (http://bitcointalk.org) , and reading educational materials.

In investment since we are not actually the one creating the program, knowing the basic of Bitcoin in terms of technology or usability is enough.  We don't need to study all the codes within it because there is someone who is doing the work for us, we just need to be updated.

[Bitcoin_people]

Basically if a person wants to invest in bitcoins then he must follow the steps.
You have to have money without money you can never invest.
Requires special knowledge and skills about cryptocurrencies.
Invest with confidence and be patient.
Good market strategy should be adopted.
If you follow these tips, you will definitely get a return on your investment. In order to invest in Bitcoin, you need to invest at a level where you will not lose in the future.So you can invest in a bear market and be patient until the market picks up again.