FIVE TIPS EVERY BEGINNER SHOULD KNOW BEFORE INVESTING IN BITCOIN.

[darkangel11]

My advice to a new investor would be to start small and see how you feel about the investment after a couple weeks. Pick a number that is like pocket change for you, something you'd spend on a day out with a girlfriend, or as a girl buying clothes. For some of you it may be $100, for others $1000, but it's not going to be something life changing.
If you feel good about your decision, after a month, or so add more to your portfolio and keep buying until you start feeling nervous and checking the charts every day. That should be a sign that you're becoming too involved and the investment is (in your mind) becoming too risky.
Personally, I have a lot of money in BTC, but I feel relaxed and I can check the price once a week, or once every few days, so everything is fine. There's many people on this forum who start threads asking if this is the end of a bull run, or the beginning of a bull run, every time bitcoin gains or loses 5%. It's obvious these people are too heavily invested.

[Hyphen(-)]

2) Always start small: As a first time bitcoin Investor, it is advisable to start small. Investing too much too soon can put you at risk of large financial loss. It is also important to choose a reputable exchange platform. Look for a platform that has good reviews and has been in the market for a while.

Because of the risk involved if you are not sufficiently educated about the entire process, it is a good idea to begin your first crypto investment with small amounts of money.
If you understand the fundamentals of Bitcoin, I believe all you need to do now is invest as much money as you can because Bitcoin is decentralized and has a bright future ahead of it.
But keep in mind that you should not invest money that you cannot afford to lose, and you should not borrow money to invest in Bitcoin.

3) Choose a secure wallet: A wallet is where you'll store your bitcoins. So it's important to choose a secure and reliable wallet. There are different types of wallet (Hardware wallet and Softwares wallet) and each had its own pros and cons. Hardware wallets are more secure because they are offline and cannot be easily hacked, but they are also more expensive. Software wallets are easier to use, but they are still connected to the internet, which means that they are more susceptible to hacking . Do your research and choose a wallet that you feel.

Because you are expected to store your Bitcoin in a secure wallet that you are confident in, conduct thorough research on the type of wallet you are about to put your Bitcoin in so that you have the assurance that your funds are safe in the wallet

In summary, bitcoin investment is not something to undertake blindly. It requires a lot of research, a disciplined approach, and a solid plan to protect your investment. Keep in mind that investing in bitcoin is still a risky, and it's important to stay informed and cautious at all times. You can use the links below to learn more tips.

Not only does Bitcoin investment carry risk, but so does any other business or investment, which is why some trading experts always advise beginners to only invest money they can afford to lose.

[alastantiger]

Bitcoin has been a hot topic in recent years due it's high returns and potential for further growth. But it's important however to have a good understanding of the market and the risks involved before diving into the world of bitcoin investment . Below are five tips that every beginner should know before investing in bitcoin.

I certainly agree with the listed tips above.
As a beginner you don't just jump into any investment without conducting a research about what you want to invest in. If it viable or not.
Secondly you need to invest little amount first to see how it goes before making a huge investment, then you begin to monitor and observe the market to understand its modus oparandi as a guide for your investment. Then you get yourself prepared for unforeseen or unplanned circumstances which every investor experiences.

[Silver005]

I am really happy and as well appreciate your write up, it's really interesting and encouraging,and I will still like other people who have more knowledge about this Bitcoin to help us and throw more light on it,in other to help our newbies to pick up, and join others in participating in the Bitcoin and other crypto currency exchange. Because I believe by so doing we all will raise and eradicate poverty in the country..

Coming to your points, it's very very ok because you try to make us to understand some certain things, which some people due forget to consider before going into crypto currency exchange ,as a beginner You need to study it very well and understand some certain things about what you are about to go into, the benefits and the loos and check if it's what you can go on and do or to withdraw yourself from it.

And further more you don't need to invest all your money there even as a beginner or someone who is there for long time, because just like the writer made mentioned of risky attached to it, because as a Wise man or woman you need to understand that things of this nature is not what you can predict on what is the next, because I also see it as a game of gabbling either you lose you gain..
On how to store our crypto currency it's very very important to know the trusted and reliable wallet that one can store his or her Bitcoin because alot of fake wallet maybe there,and as a beginner You need to know all this to avoid being a victim..

In terms of marketing it requires a good knowledge of it so as to understand how it works..
So In my conclusion I said we need more educated people to come out just like the writer just did and teach us more about the Bitcoin alot of people are ignorance if this.. thank you all for your good work..