First buy Bitcoin as a newbie, good way to start.

[Zigabel]

I know to lot of people, who may have invested money into the wrong investment platforms outside of Bitcoin but pirade themselves as Bitcoin investment may misunderstand the title of this thread, but that is the truth, and the best way to start your Bitcoin journey.


I use myself as an example, be for I started to acquire knowledge about Bitcoin, I first bought some amount of Bitcoin and held it in my personal wallet, not an exchange wallet, and I had my wallet keys properly saved, and after that, I became more active innthe forum and reading comments and posts and doing other bitcoin related research,  and that made it easy for my to accumulate more bitcoin while studying, and this has helped me in much greater ways and I thought it could help others here, most especially newbies.


So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

To be able to buy and store your Bitcoin you need to have some basic knowledge to be able to achieve that, if you have no knowledge at all it's not possible you will know how well to be able to buy and store before further learning, sorry to say but it's proper to think that you can just buy without any knowledge except you are assisted by some one who has a prior knowledge.

You will always need that basic knowledge to first get on board at least to know how to buy, difference between wallet and exchange and other simple basic knowledge about cryptocurrency before you be able to buy and store the go to acquire further knowledge about how cryptocurrency works and it's dynamics, these may be for further learning but you need the basics to at least be able to purchase coins. Although not everyone would want to follow your style some persons prefer to better understand all they can lay their h d on or probably make sure to get substantial knowledge about it first before investing a dime.

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[HONDACD125]

To be able to buy and store your Bitcoin you need to have some basic knowledge to be able to achieve that, if you have no knowledge at all it's not possible you will know how well to be able to buy and store before further learning, sorry to say but it's proper to think that you can just buy without any knowledge except you are assisted by some one who has a prior knowledge.

You will always need that basic knowledge to first get on board at least to know how to buy, difference between wallet and exchange and other simple basic knowledge about cryptocurrency before you be able to buy and store the go to acquire further knowledge about how cryptocurrency works and it's dynamics, these may be for further learning but you need the basics to at least be able to purchase coins. Although not everyone would want to follow your style some persons prefer to better understand all they can lay their h d on or probably make sure to get substantial knowledge about it first before investing a dime.

I don't know what you mean by basics information, because you are repeatedly mentioning basics. If you write a short but comprehensive post instead of such a long and wide post, it will be easier for people to understand. However, one should have good knowledge about Bitcoin, Bear market, Bull market, various indicators, right time of entry and surrounding news all these need to be closely monitored.


The main point is that if newbies buy Bitcoin in the beginning, they will have a good start but remember when to buy as well, because buying Bitcoin at any price will not be profitable. Learn how the crypto currency market works and how it fluctuates. We can never progress in any field without the help or support of someone everywhere, but through this we have to work hard as well as learn. These are just the beginning after which we have to believe in ourselves and move forward. Just as we can be a successful investor or businessman.

[Solokan]

As a beginner, of course there are 2 things you have to pay attention to, namely:

1. Before investing, it's a good idea to first understand what Bitcoin is, what the benefits are, and what the risks are if investing in BTC, because without prior Knowledge, are worried that something undesirable will happen because the price of BTC fluctuates. and difficult to predict.

2. For beginners whant tho invest in BTC, of ​​course there is no problem as long as we start with a little money first, and use idle money, and as OP said, after buying BTC can immediately store it in wallet , and Don't store it on the exchange. and at that time a beginner must continue to learn and increase his knowledge about BTC and indeed if have BTC there are different feelings because the feeling of having BTC and not having BTC is of course a different feeling, so usually if already have BTC, although a little, of course it will create a different atmosphere. different and increasingly enthusiastic in exploring knowledge about BTC.

In my opinion, beginners should be able to choose according to their interests, whether they want to take point 1 or point 2.

but a beginner has to be himself and has to do a lot of research.

[adultcrypto]

I know to lot of people, who may have invested money into the wrong investment platforms outside of Bitcoin but pirade themselves as Bitcoin investment may misunderstand the title of this thread, but that is the truth, and the best way to start your Bitcoin journey.


I use myself as an example, be for I started to acquire knowledge about Bitcoin, I first bought some amount of Bitcoin and held it in my personal wallet, not an exchange wallet, and I had my wallet keys properly saved, and after that, I became more active innthe forum and reading comments and posts and doing other bitcoin related research,  and that made it easy for my to accumulate more bitcoin while studying, and this has helped me in much greater ways and I thought it could help others here, most especially newbies.


So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

Sorry to say this, everybody must not do what you do. Different people different strategies, if that's how you learn it and it Favor's you, it might/may not definitely favor other people

I read through his post and I could not find where he said you must follow his ideas.  This is an open platform where people from their ideas and opinions and leave you with the caveat "Do your own research". Nothing posted here should be taken personal because posts here are just the opinion of the authors.

As for the post, I'm actually using the method he described and it has been incredible! If you settle down to apply it. You might even fall in love with it. We all want the best and not here to show ego.

[Wakate]

So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

The information you are trying to pass is for the newbies to buy Bitcoin and hold before the learn about what Bitcoin really entails? I don't think this is a good idea. Like you know that there are different Blockchains and if anyone make the mistake of sending Bitcoin to another Blockchain, do you know that the coin will be lost forever?

 If you know this then why would you advise newbies that do not know about about how Bitcoin works or cryptocurrency to buy Bitcoin and hold when it is obvious that they can make silly mistakes of sending the coin to the wrong wallet. The best approach is to learn about cryptocurrency so that one can be safe when handling wallet and keeping there coins safe. Those that don't understand the market might be lured by scammers to send their coins or get hacked by mishandling there wallet address.

[SmartCharpa]

I know to lot of people, who may have invested money into the wrong investment platforms outside of Bitcoin but pirade themselves as Bitcoin investment may misunderstand the title of this thread, but that is the truth, and the best way to start your Bitcoin journey.


I use myself as an example, be for I started to acquire knowledge about Bitcoin, I first bought some amount of Bitcoin and held it in my personal wallet, not an exchange wallet, and I had my wallet keys properly saved, and after that, I became more active innthe forum and reading comments and posts and doing other bitcoin related research,  and that made it easy for my to accumulate more bitcoin while studying, and this has helped me in much greater ways and I thought it could help others here, most especially newbies.


So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

We do not have the same views about bitcoin, so you can't just tell a newbie to buy it without knowing much about it. That carries a significant risk. On the other hand, if a newbie decides to follow your lead and buy bitcoin without knowing much about it, they may later discover that investing in bitcoin is not the best they think for themselves. This cause another issue because they may believe that you are encouraging them to invest their money to get scam. This is why it's said that knowledge is wealth. I can't suggest that somebody new to bitcoin should jump into buying it right away; instead, they should take their time, research, knowing the risks involved, and then buy once they have a greater understanding bitcoin investment.

You made the right statement because it has made your life easier. However, not all beginners can take the same risks as you can. In my opinion, most beginners have invested their money in the wrong platform, which is why most people still don't understand bitcoin. You made the right statement, but everyone should take their time and learn more because without knowledge, some beginners could even misplace their wallet.

[Stepstowealth]

So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

I tried to start investing in bitcoins as soon as I was told that it was a step to wealth and I was directed to forum. I knew I was late already, so I did not want to waste more time to learn enough first. I realised the risk later on of wanting to invest in bitcoin without knowledge, but I was grateful to be lucky and not find myself a victim of scammers or loss. Not everyone will be as lucky as I was, so I tell people I meet now to at least try to know the best place to buy bitcoins and how to keep the bitcoins they buy safe, so they do not buy from scam sites, and safe their bitcoins in a wrong place. Those two small knowledge are okay.

[Ojima-ojo]

So if you have the money to buy some Bitcoin,  why not buy first and thereafter learn along the way and keep practising the few things that you learn, e.g DCA approach, this approachable helped a lot of newbies to be able to have the right mindset and accumulation approach towards bitcoin, and they can accumulate a good amount within a short space of time, and also building a sustainable knowledge that helps you to have a better understanding of the market and to make good analysis.

The information you are trying to pass is for the newbies to buy Bitcoin and hold before the learn about what Bitcoin really entails? I don't think this is a good idea. Like you know that there are different Blockchains and if anyone make the mistake of sending Bitcoin to another Blockchain, do you know that the coin will be lost forever?

If you have read through the entire ops, you would have noticed i mentioned that the beginners should have a personal bitcoin wallet, so if i already mentioned, custodial wallets what then bring the risk of sending or storing their assets onnthe wrong blockchain, this is must likely going to be the least expected risk, because as a beginner you first contact with bitcoin should be about wallets amd wallet securities because those two are your backbone and reason to hold those assets innthe first place.


So sure i already considered that possibility also to becoming the resultant risk for potential newbies, and that was properly covered in the body of the discussions.

If you know this then why would you advise newbies that do not know about about how Bitcoin works or cryptocurrency to buy Bitcoin and hold when it is obvious that they can make silly mistakes of sending the coin to the wrong wallet. The best approach is to learn about cryptocurrency so that one can be safe when handling wallet and keeping one coins safe. Those who don't understand the market might be lured by scammers to send their coins or get hacked by mishandling their wallet address.

I mean no offense but I will have used your opinion but not when I have already considered every possible risk and included whatever the newbie may need in the form of a guide in the ops.

[Peanutswar]

To the newbies invest what you have so you don't worry too much when you make a mistake, this is the part of mistakes of the people too they are afraid to lose money but they want to make an investment, There no 100% success rate in investment the same like doing business so if you want to take a risk go with it to that you are willing to lose, actually you don't need to buy at least 1 BTC just to make an investment in crypto just a portion of it is enough and it's up to you what kind of strategy you will execute right there to earn more BTC could be through trade, or services as a payment method and more. Of course there's no easy money here as possible afraid of having an interaction with other people pretending to help you. Scammers is all around.

[Woodie]

Fortunately for me, when I got to know of bitcoin as a newbie to this industry, we were encouraged to try get Bitcoins from faucets to try and familiarise ourselves how the bitcoin ecosystem works without the need to commit to buy the Bitcoins.

Today the landscape has changed, faucets are only available in some gambling platforms and other platforms that aren't as popular as they were back then and should have been the perfect place to start for those new to the world of crypto.

Today because of price,many users opt to buy altcoins and bitcoin variants as they find them cheaper and don't buy BTC as they think they need to buy a whole bitcoin, guess the fear of the unknown  puts crypto newcomers on different routes of their bitcoin journey and it's okay to go with what works for you.

[rodskee]

It is good to hear that mate , congratulations to your first Bitcoin investment but this is way
far from newbie , some of them are looking now for instant profit and cannot wait to handle the long term that bitcoin is designed .

also Like me as Newbie , I did not invest right away instead i explore this forum first
and ask others opinion and yes asked also my Wife if we are willing to invest and risk half of our savings in which
she agreed and also yes we are now gathering profit from time of investing and each Bullrun.

[Kelvinid]

As a newbie --the first investment could really be a mix of emotions and uncertainty about what we gonna do next a reason why many have fallen into the wrong investment platform, scam wallets, and the wrong way of storing them.

A good way to start investing is to invest only a small amount - the amount that we can't feel mad if we lose them. We have to stop thinking about earning fast because this will affect our emotions and decision-making. Instead, we have to think about the rewards in the future because, in this way, we are encouraging ourselves to learn how to hold and how to keep straight on our goal neglecting every day's market dumps and pumps.

[Franctoshi]

The worst mistake any newbie will make in this space is jumping into buying Bitcoin without any prior knowledge about Bitcoin just like the very mistake I made back in 2017 when I saw my friends cashing out their profits not knowing that this was Bitcoin they bought and hold for few years and I thought it was something you invest today and cash out tomorrow, I tell you I really paid the price of it and I lost almost all the investment I made then. At last, we should know the basic things first before we should think of investing.

[JunaidAzizi]

I know to lot of people, who may have invested money into the wrong investment platforms outside of Bitcoin but pirade themselves as Bitcoin investment may misunderstand the title of this thread, but that is the truth, and the best way to start your Bitcoin journey...

The thing you said is right many people did not even know what is bitcoin and how it works some people consider Bitcoin as a currency just like the fiat which does not have that much power to change someone's life. Bitcoin is a different currency from the rest of currencies and has huge power and efficiency to revolutionize the world. But the problem is newbies didn't know how to buy Bitcoin because they thought the price was so high that we couldn't buy a single Bitcoin but they didn't know that there is a strategy for Bitcoin. DCA is such a good strategy and fits in any individual life. It cannot be a burden on you but provides the opportunity to buy small part of Bitcoin from time to time. This strategy is best for the newbies who have the lowest percentage of loss but always provide a profit.

[SamReomo]

No, I don't think that it's going to be helpful for newbies to purchase Bitcoin without properly learning about it and it's wallets. Most of the newbies purchase Bitcoin directly from exchanges and they don't really know much about custodial wallets and save their Bitcoin on those exchanges wallets.

They don't know that they are not truly the owner of the Bitcoin that they hold in those exchanges because not your keys not your coins is something they aren't aware of properly. It's always better for such people to learn about Bitcoin, personal Bitcoin wallets, saving of private keys and seed phrases, system security if they are going to hold their Bitcoin in software wallets, and some other things before purchasing any Bitcoin.

Once they acquire that necessary knowledge about Bitcoin then they can begin with a short amount of investment into Bitcoin like $20-$50 to learn about personal wallets and the safety of their coins, when they learn those wallets software and safety of their coins then they can invest more into Bitcoin and most probably go with a cold wallet instead of hot wallet.

[OcTradism]

No, I don't think that it's going to be helpful for newbies to purchase Bitcoin without properly learning about it and it's wallets. Most of the newbies purchase Bitcoin directly from exchanges and they don't really know much about custodial wallets and save their Bitcoin on those exchanges wallets.

It's unsafe to store bitcoins on exchanges but if they are newbies, pick good centralized exchanges, they can leave their bitcoins on the exchanges. It is temporary storage place for them only, meanwhile they have to learn about non custodial wallets that are better if open source. After they complete their learning about wallets, have some practice of wallet creation, wallet recovery from backups, they have to move their bitcoin from exchange accounts to their own wallets.

Reminder: do not keep your money in online accounts

[Dimitri94]

Those are new to Bitcoin I think they will be ahead in bitcoin. There will be many people who will know about Bitcoin later but they will also include them in Bitcoin. As a newbie we should focus on knowing first. The more knowledge that can be gained about Bitcoin, he will be attracted more to Bitcoin. One cannot become a Bitcoin investor with only money. It requires adequate knowledge.

A new investor can easily gain good knowledge about bitcoin especially joining forums on how to start investing in Bitcoin and how to maintain his holdings. Also, there is a lot of discussion here on how one can increase their portfolio by keeping a certain amount of money in Bitcoins. DCA is definitely a good method for all bitcoin investors which if followed will surely give him success in Bitcoin investment. There is also a good thread on the forum Buy the Dip and HODL for this which discusses how a new investor should hold bitcoins and the benefits of holding bitcoins for the long term.

[Rockstarguy]

I use myself as an example, be for I started to acquire knowledge about Bitcoin, I first bought some amount of Bitcoin and held it in my personal wallet, not an exchange wallet, and I had my wallet keys properly saved, and after that, I became more active innthe forum and reading comments and posts and doing other bitcoin related research,  and that made it easy for my to accumulate more bitcoin while studying, and this has helped me in much greater ways and I thought it could help others here, most especially newbies.

Buying bitcoin as a newbie is good but the most important thing is for beginners to understand what they are dealing with. Most beginners don't really understand how the market is, they understand the the bitcoin market in their own perspective, that it will always favour them. Before a newbie spent his/her money to buy bitcoin it is important their is a proper understanding of bitcoin and how unpredicted the market is. No  need to rush to buy bitcoin when their is no good understanding of the market, which can later make beginners to sell in regret. Most beginners always believe buying  bitcoin profits can be gained in a short time which can be different from this.

[Odusko]

I use myself as an example, be for I started to acquire knowledge about Bitcoin, I first bought some amount of Bitcoin and held it in my personal wallet, not an exchange wallet, and I had my wallet keys properly saved, and after that, I became more active innthe forum and reading comments and posts and doing other bitcoin related research,  and that made it easy for my to accumulate more bitcoin while studying, and this has helped me in much greater ways and I thought it could help others here, most especially newbies.

Buying bitcoin as a newbie is good but the most important thing is for beginners to understand what they are dealing with. Most beginners don't really understand how the market is, they understand the the bitcoin market in their own perspective, that it will always favour them. Before a newbie spent his/her money to buy bitcoin it is important their is a proper understanding of bitcoin and how unpredicted the market is. No  need to rush to buy bitcoin when their is no good understanding of the market, which can later make beginners to sell in regret. Most beginners always believe buying bitcoin profits can be gained in a short time which can be different from this.

Newbies still need a lot of education about Bitcoin how to protect their Bitcoin and also how best to speculate the Bitcoin market,  all this contributes a lot to how successful newbies will be in their journey, so saying that should outrightly buy Bitcoin at a go even though there may be time to do so, but very important to know the current market position and what the six-month market cycle has been with bitcoin.
That way the newbies will reduce their risk level and the amount of time if they are only in for the short-term gain while they keep building their knowledge as far as Bitcoin is concerned.

[The Cryptovator]

I won't advise investing in bitcoin without knowing it. Why should you jump on something about which you don't have proper knowledge? To know Bitcoin, you don't need too much time lately. Because of Internet connectivity, it's very easy to learn something we need. So gaining some knowledge before investing in Bitcoin is advisable. You can invest in your savings and avoid the high risk of losing your funds. If you treat Bitcoin as an investment opportunity only, then how will you learn the technical part of Bitcoin? Without knowing everything you need, you can't make the right decision in real time.