FIVE TIPS EVERY BEGINNER SHOULD KNOW BEFORE INVESTING IN BITCOIN.

[Jimmycrooks]

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.

1) Do your research : Research is a vital key when it comes to investing in bitcoin. Before making any decision, it is important to amass as much information about the currency as possible. This includes learning about it's history, how it's  works and it's potential growth. Bitcoin is a decentralized currency that uses Blockchain technology to record transactions. Understanding how this technology works will help to understand the market trends. Websites like http://Bitcoin.org and http://Coindesk.com are great resources for keeping up to date on the latest bitcoin news and trends.

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.

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.

4) Watch the Market : The value of bitcoin can be very volatile, so it's important to keep a close eye on market trends. One way to keep track of the market is to follow bitcoin news and expert analyses. Coindesk.com as (i have mentioned earlier) and other websites offer market tracking tools, such as graphs and charts, to help you understand the bitcoin market trends. You can also monitor your bitcoin wallet and keep an eye on the price of the cryptocurrency over time.
 
5) Prepare for Emergencies: Finally, it's important to be prepared for any emergencies that may arise. Bitcoin is a digital currency, and as such, it can be lost or stolen. In case of emergencies such as hacking or losing access to your wallet, you should have a backup plan to protect your investment. One idea is to create a backup plan by saving your private key on a secure device like a USB drive or another wallet. Always have a backup plan and a recovery procedure ready in case of emergency.    

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.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.investopedia.com/tech/what-you-must-know-investing-crypto/&ved=2ahUKEwibw53T9rP-AhUY_7sIHYmcBjEQFnoECAsQAQ&usg=AOvVaw1wODBwBFRhGmdbu7-1_hxD

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.fortunebuilders.com/how-to-invest-in-bitcoin/&ved=2ahUKEwibw53T9rP-AhUY_7sIHYmcBjEQFnoECAwQBQ&usg=AOvVaw2RNYHWtbVRdp1TS1sw5JX5

[1714578175]

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[Zaguru12]

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.

It’s actually a good thing to always invest what you can afford to lose although with bitcoin it doesn’t mean you need to invest small but just a comfortable amount. Theirs is no need of looking too much into exchanges because even reviews can’t save some from hacks. Just buy and store your funds on wallets and you wouldn’t have to deal much with exchange problems.

4) Watch the Market : The value of bitcoin can be very volatile, so it's important to keep a close eye on market trends. One way to keep track of the market is to follow bitcoin news and expert analyses. Coindesk.com as (i have mentioned earlier) and other websites offer market tracking tools, such as graphs and charts, to help you understand the bitcoin market trends. You can also monitor your bitcoin wallet and keep an eye on the price of the cryptocurrency over time.

It is not actually advisable to look too much into bitcoin chart of actual you’re into bitcoin for investment purpose. Looking too much into the chart creates panic which makes one uncomfortable to hodl for long. And this is the biggest tool to achieve profits in bitcoin. Only traders need to study the chart a lot.
 

[Fiatless]

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.

Jimmy, I am really impressed with the arrangement of your post and your ability to reference the source. It seems you are skillful in writing and you are knowledgeable about Bitcoin. Every point you raised in this post is valid and they have the potential of helping newbies.
You are just a few weeks old in the forum, and you are creating a thread to lecture in the forum. You might be more knowledgeable than most of us but it might not be ideal, to begin with, a lecture thread. Some of the reasons are
1. Many members will not take it seriously because it will be assumed that you are new and inexperienced
2. It shows that you might not be willing to learn because you need to stay in the forum for some time so that you can learn before teaching.
3. How will you feel when a 10year old steps into a Ph.D. class and introduces himself as your lecturer?  The child might be knowledgeable but he might not get the right attention.
I think you should spend more time and study the forum before creating threads that have been repeated again and again.

[CryptoHeadlineNews]

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.

In additional to starting small when you want to invest in cryptocurrencies (Bitcoin) is never to borrow money simply because you want to invest in Bitcoin, because that's the common mistake I have seen alot of person doing by borrowing money, while hoping that if they invest in Bitcoin today, in 1 week or a months time it will yield profit, which its never always like that due to its volatile nature.

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.

And a good example of a hardware Bitcoin wallet is "Ledger Nano X" & "Trezor Model T", while a good software wallets include "Electrum, Trust Wallet & Mycelium", which are always very convenient, and easy to use.

4) Watch the Market : The value of bitcoin can be very volatile, so it's important to keep a close eye on market trends. One way to keep track of the market is to follow bitcoin news and expert analyses.

I will suggest that if you wish to hold your Bitcoin for a very long period of time, there is no need to keep an eye on the market, as that can give you an unnecessary stress,  for me, I will suggest you go about accumulating your coin and forget about the market for like 5 or 10yrs.

[SatoPrincess]

You are just a few weeks old in the forum, and you are creating a thread to lecture in the forum. You might be more knowledgeable than most of us but it might not be ideal, to begin with, a lecture thread. 

I don’t appreciate it when newbies create threads to lecture people about how to gain merits or avoid plagiarism topics, in my experience most of those accounts that act this way are alts. And I don’t believe forum rank signifies  someone is a newbie in crypto, it only indicates that the person is new to the forum. OP did well to reference the original article, but the topic has been discussed so many times before.

OP I know you mean well, but use the search engine next time to avoid rehashing old discussions.

[uchegod-21]

You are just a few weeks old in the forum, and you are creating a thread to lecture in the forum. You might be more knowledgeable than most of us but it might not be ideal, to begin with, a lecture thread. 

I don’t appreciate it when newbies create threads to lecture people about how to gain merits or avoid plagiarism topics, in my experience most of those accounts that act this way are alts. And I don’t believe forum rank signifies  someone is a newbie in crypto, it only indicates that the person is new to the forum. OP did well to reference the original article, but the topic has been discussed so many times before.

OP I know you mean well, but use the search engine next time to avoid rehashing old discussions.

I am always surprised when new accounts surface and start teaching everyone about how to invest in bitcoin or something similar.
I mean do they actually think that this forum that has lasted for over 10yrs, nobody had actually taught or written about what they came up with?
Some good old users I think are tired of these acts and I see them complain most times.
Anyways, this is a free forum and anyone is free to do anything in as much as they are not breaking the rules.

[SamReomo]

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.

You have got a valid point, understanding the market is a essential requirement for any investor who want to invest in it. In crypto market things are different from stock market and forex. The volatility of this market can make you rich and at the same time can be the cause of huge losses.

1) Do your research : Research is a vital key when it comes to investing in bitcoin.

Research is equally important in all markets and without proper research you can not gain profit in any market. Everyone should learn about the Bitcoin and crypto market before investing in it. As previously mentioned the volatility of the market can cause huge losses if not learnt well before investing.

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.

That's a good idea because investing too much in beginning is not a good choice and the result can be the loss of the entire capital. It's always better to invest a small portion of funds to learn the market first and once you master it then invest more in it. But, only invest what you can afford, don't borrow money from banks or lenders because if you lose that money then your life will be full of troubles.

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.

Your point is somewhat valid but trust me my friend many people have earned a lot by investing blindly in the Bitcoin. They have mastered the skill of Holding and that's the most important thing in this market. If you master that skill then you can earn without worrying about anything.

However, after reading the whole article I must say that you as a newbie have written a very informative article and with the passage of time you will learn more about Bitcoin and crypto market. I welcome you to this forum because you forgot to mention it. In my opinion, it's the primary source of information for those who want to learn about Bitcoin and blockchain because via this site you have access to learn about it from advanced users who are truly the masters of Bitcoin and Blockchain.

[Ndabagi01]

I am always surprised when new accounts surface and start teaching everyone about how to invest in bitcoin or something similar.
I mean do they actually think that this forum that has lasted for over 10yrs, nobody had actually taught or written about what they came up with?
Some good old users I think are tired of these acts and I see them complain most times.
Anyways, this is a free forum and anyone is free to do anything in as much as they are not breaking the rules.

It's great that you complimented the OP for properly putting together the post. Perhaps the OP is repeating the post because he doesn't know how to utilize the search button because he is a new user here.

The fact that the same topic is being repeated is not a bad thing; it provides important information that newbies should be aware of, and new people join the forum almost every week. The big surprise is that the topic was started by a newbie who joined the forum recently to teach other newbies about bitcoin. That should be the sole reason the post is being called into question.

[palle11]

Apart from choosing a secured wallet, starting small is a very good advise and op has done justice to that. Most newbies have the character of wanting to go in all out for the big fish but not understanding the rudiments of investment. If you start small, you have the advantage to have fund to stay longer and monitor the market but taking it with big strides then you are likely to be watching the market from outside. Staying inside to see how your emotions can play on you is such an experience.

[ajiz138]

The fact that the same topic is being repeated is not a bad thing; it provides important information that newbies should be aware of, and new people join the forum almost every week. The big surprise is that the topic was started by a newbie who joined the forum recently to teach other newbies about bitcoin. That should be the sole reason the post is being called into question.

Maybe the OP just wants to give their opinion on advice/tips that he knows or maybe the OP is more experienced so he knows how to travel at the beginning as a beginner so he can control it well, we don't know how knowledgeable OP is in investing in bitcoin while for those who just joined here they are still considered beginners and when he starts posting the discussion is often repeated then of course we are like he is giving lectures here, this is not a problem maybe in the future he can do more research on the forum especially if you want to discuss a topic then you have to look for it first this topic already exists or not.

[nakamura12]

6 tips every beginners should know before investing.

6. Invest what you can afford to lose.
When investing, small amount of money is not what you want to do first but to know how much small amount of money you can afford to lose. We all have each of our own fiat currency and when you bought BTC then the amount will be based on how much you can afford ti lose instead of small amount only. You may start with small amount but you can't afford to lose all of it then that's why you should only invest what you can afford to lose or to risk.

[drwhobox]

6 tips every beginners should know before investing.

6. Invest what you can afford to lose.
When investing, small amount of money is not what you want to do first but to know how much small amount of money you can afford to lose. We all have each of our own fiat currency and when you bought BTC then the amount will be based on how much you can afford ti lose instead of small amount only. You may start with small amount but you can't afford to lose all of it then that's why you should only invest what you can afford to lose or to risk.

Yes investing small amount is not a wise decision to take. You have invest moderate amount of money in order to get started and learn trading. Bitcoin price is not suitable enough now to invest a small amount for trading. As a newbie you will not always win your trades, in order to recover the lose you have to keep a balance in your account.

[tabas]

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.

I wouldn't say that hardware wallets are expensive, we're even spending on fancy dinners and vacations to have fun while this is going to secure your assets for a life time. Don't think that hardware wallets are like that because by paying for a fee, this is making a huge difference on the security of your asset. Think of it as well as an investment by how you're investing in bitcoin and how you look at it. By means of this, we've got a stickied thread about wallets: [General] Bitcoin Wallets - Which, what, why?

[Cantsay]

You are just a few weeks old in the forum, and you are creating a thread to lecture in the forum. You might be more knowledgeable than most of us but it might not be ideal, to begin with, a lecture thread.  

I don’t appreciate it when newbies create threads to lecture people about how to gain merits or avoid plagiarism topics, in my experience most of those accounts that act this way are alts. And I don’t believe forum rank signifies  someone is a newbie in crypto, it only indicates that the person is new to the forum. OP did well to reference the original article, but the topic has been discussed so many times before.

OP I know you mean well, but use the search engine next time to avoid rehashing old discussions.

Each time I see newbies creating tutorials for some obvious topics or topics that have already been discussed umpteenth times it just gives off the alts account and merit fishing vibes. If it's a thread about them asking questions it would have been better or perhaps they can lecture in the already existing thread but creating a new thread for it is a no-no for me.

But I must confess Op still got some valid points and if you still look at it some way it's still a good thing since most of the newbies that recently joined the forum are not well conversant with using the search buttons so before they finally learn it this could serve as a guide for them.

[OcTradism]

I am sorry but your thread is boring and like merit fishing.

It's not good to see a newbie tries to teach others about technical things or investment, trading lessons. It's hard to believe that your lessons are good enough to believe in. Especially if your advice is bad, it's bad for other newbies who believe in your lessons.

You searched with Google and use two articles as main sources for your lessons that is another bad thing.

[lovesmayfamilis]

[
Each time I see newbies creating tutorials for some obvious topics or topics that have already been discussed umpteenth times it just gives off the alts account and merit fishing vibes. If it's a thread about them asking questions it would have been better or perhaps they can lecture in the already existing thread but creating a new thread for it is a no-no for me.

But I must confess Op still got some valid points and if you still look at it some way it's still a good thing since most of the newbies that recently joined the forum are not well conversant with using the search buttons so before they finally learn it this could serve as a guide for them.

Notice how he provides a link to the source. We already have a couple of recent newcomers who like to link like this and open new topics regularly. Edit: By the way, they both have a plagiarism complaint. OP will be next?

The first topic and the main question that the OP asked upon arriving at the forum was "getting merit."

Hi guys, i'm a new user in this forum and I just wanna know, how do I get merits on my post. Is it just by writing or are there any other task involved.

When such topics arise, you can make a choice: either take this person under supervision for a future ban, which is exactly what the OP expects or add him to ignore.
Of course, we can agree that we were all newbies here. But something else is insulting when such people come to the forum with a clear feeling of being the most cunning and completely disrespectful of everyone else.
Once again, OP, information from the Internet is available not only to you!

[nakamura12]

Yes investing small amount is not a wise decision to take. You have invest moderate amount of money in order to get started and learn trading. Bitcoin price is not suitable enough now to invest a small amount for trading. As a newbie you will not always win your trades, in order to recover the lose you have to keep a balance in your account.

If you are investing with moderate money then it is still applicable. Nothing defeats invest what you can afford to lose or willing to risk no matter how much money you spend either in small, moderate or huge amount of money. It is always the best choice to do that and when I think about OP's tips is that op doesn't have lots of money and only willing to risk small amount of money. Since this is all about investment in crypto so, let's assume that it would be Bitcoin where people invest. Let me start, any amount that will be invested in Bitcoin is okay and we will be sure that the funds being invested is safe (when you are holding BTC in your wallet) except if you are not sure with the platform or website where you invested. Also, if you are planning to invest in other cryptocurrency that is not very much knwon or a new project then OP's tip is a good choice to do which is to always start small when you invest because you won't know if rhe project will ve successful or not. In short, always invest in small amount if you want to invest into the unknown (New projects and not popular company).

[BIT-BENDER]

Good advices I see you starting to do your own research but don’t make some form of information you share also try to put it into your on crypto-currency affair.

Well the tips aren’t just five there are other simple mistakes Newbies makes like keeping their funds on exchanges, falling for FOMO and FUD and also greed is a determining factor towards failure.

[BitcoinPanther]

We can add another one one the list, aside from no.6 addition which is

6. Invest what you can afford to lose.

7.  Prepare your patience, Bitcoin investment needs a long time to profit.

Many people lose profitability in a cyclic market because they lost patience to wait for the market uptrend. Even with the knowledge and understanding, if a trade losses patience, he might sell his holding even if the market is not favorable.  We have seen lots of incident like this and it keeps on repeating itself.

I am sorry but your thread is boring and like merit fishing.

True that, the topic is generally discussed by many threads created in this forum.

It's not good to see a newbie tries to teach others about technical things or investment, trading lessons. It's hard to believe that your lessons are good enough to believe in. Especially if your advice is bad, it's bad for other newbies who believe in your lessons.

You searched with Google and use two articles as main sources for your lessons that is another bad thing.

I don't mind new accounts sharing important information if it is really important.  Having links is also a must for an information for credibility and support.  And I do not see using articles online to be a bad thing.  Many members do that, getting an article and then posting the content of the article for discussion or getting the opinion of members.  Also, it is important to share link of the article you used in order to share information else, the thread will be labeled plagiarism which one of the major offense that can lead to insta ban.

[Viscore]

The fact that the same topic is being repeated is not a bad thing; it provides important information that newbies should be aware of, and new people join the forum almost every week. The big surprise is that the topic was started by a newbie who joined the forum recently to teach other newbies about bitcoin. That should be the sole reason the post is being called into question.

Maybe the OP just wants to give their opinion on advice/tips that he knows or maybe the OP is more experienced so he knows how to travel at the beginning as a beginner so he can control it well, we don't know how knowledgeable OP is in investing in bitcoin while for those who just joined here they are still considered beginners and when he starts posting the discussion is often repeated then of course we are like he is giving lectures here, this is not a problem maybe in the future he can do more research on the forum especially if you want to discuss a topic then you have to look for it first this topic already exists or not.

However, one thing is certain, OP has given good points to consider when investing for crypto with newbies. Though this topic has been repeated a lot of times, but still we are learning from it. So there’s no problem with OP, he just want his pro newbies to be more aware when it comes to crypto investing. After all, the decision still relies on the newbie itself whether he’ll follow or not the suggestions or advices from pro crypto investors.