Don't Know, But Can i Invest In Bitcoin?

[Obim34]

We welcome you to this wonderful forum, where matters relating to Bitcoin, cryptocurrencies and so much more are discussed. Trust me, your friend did a good job by inviting you here to this forum, here will help broaden your knowledge about Bitcoin and other cryptocurrencies. Just do well to abide by the rules of the forum.

$500 is enough to begin with and many did start with something lesser than this and definitely you will get profits.
I do not think you should be convenient with him helping you create your wallet as he may have access to it, simply study and create a wallet where only you have access to your wallet for security purposes.

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[angrybirdy]

Hello everybody, how are you?

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies. I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it. One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

First of all, Welcome to this forum! for sure you will gain a lot of ideas here, all you have to do is to read and try to engage with other people here.
about that friend of yours who recommended you here on the forum and invest money in bitcoin, what he says is true that it is possible to make money if you invest here but maybe it is better that you at least have an idea about bitcoin before follow other peoples recommendation so in the end, no matter what happens or the consequences of what you did, you have no one else to blame, I'm not saying you should blame your friend if ever things happen but when it comes to investment, you have to make your own decision.

[Nheer]

I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it.

Why are most newbies only interested in the profit they will make from bitcoin investment. Investing in bitcoin can be profitable but also risky so you shouldn’t be blinded by the profit of it only and rather understand it’s concept so you know what you are getting into and the risk associated with it. Understand Bitcoin is not a get rich quick scheme and you need to first acquire basic knowledge at least before investing any amount into it.

One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

You are directed to right place where you gain bitcoin knowledge for free and anything you need to know about bitcoin will de shared with you. You need to understand that in cryptocurrency you don’t just invest in any project because someone told you to do so, crypto market can be deceiving so you need to carry out research on your own and decide when to invest and what project to invest in. Of all cryptocurrencies Bitcoin is the best, safest and most reliable to invest in and it wouldn’t matter when you invest because of its high potential to rise in price but you should also expect the opposite.

$500 is not a bad start but you can accumulate more with time and I hope what you intend to invest is an amount you can afford to lose and hope you intend to hold for a long period of time. Profit isn’t certain but investing for a long period will certainly yield profits so have it in mind that your $500 investment is an amount you don’t have any plan of using any time soon.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

It is better you learn and understand about bitcoin yourself and understand the concept of bitcoin wallet and its security because no one can be trusted especially when money is involved. If you let him create a wallet for you and buy you bitcoin then it means he will have access to your private key and your wallet and as such he can access your wallet anytime and move your funds.

Always safeguard your private keys and it should be known to you alone and anyone you can trust with your assets.

Also don’t forget to read the rules of the forum here so you don’t break any rules and get penalized.

Here are some links that will give you better understanding about bitcoin, bitcoin wallet and its security.
https://www.learnmeabitcoin.com
[General] Bitcoin Wallets - Which, what, why?

You can also take a look at @JayJuanGee Outline of Bitcoin investment ideas

[criptoevangelista]

Hello welcome.

The first thing you need to know is that bitcoin IS NOT AN INVESTMENT. Bitcoin is a hedge.

It serves to protect you and for you to have freedom and self-sovereignty.

Study hard and participate here with us as you have a lot of knowledge to learn.

[MFahad]

Hello everybody, how are you?

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies. I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it. One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

Investing in Bitcoin is a wise Idea if you have Spare money to Invest.  Keep these things in your mind while investing in Bitcoin.

1: Create Your wallet by yourself. do not let anyone else create your wallet. there are tons of tutorials and how to guides you can learn.
2: Do not share your keys/seed phrase to anyone. keep them somewhere safe.
3: Buy bitcoin from a trusted Exchange (Binance is a Good option)

one more thing you should keep in mind that Bitcoin itself might not be profitable just by buying and keeping it in your store (it might as well be profitable too if bitcoin price increases) so keep all these points in your mint and make your next move.

[Natsuu]

Before diving into Bitcoin based on your friend's advice, take a moment to do your homework. Get a basic understanding of how Bitcoin works and the risks involved. Check if your friend has a solid track record with crypto investments and be wary of anyone rushing you into decisions. Only throw in what you can afford to lose, considering how unpredictable the crypto market can be. Instead of letting someone else handle your wallet, consider setting it up yourself on a trusted platform. Keep it cool, and if possible, chat with financial pros for some advice that fits your financial game plan or you can read a lot in this forum. Just remember, there are no guarantees in the crypto world so it's all about making savvy, well-informed moves.

[Ultegra134]

First of all, welcome to the forum and to the world of cryptocurrencies.

It's never too late to start investing in Bitcoin. If I were you, I'd make a budgeting plan to invest anywhere from $50 to $100 per week or month, whatever you can afford, of course. That way, you're decreasing your risk while gradually expanding your portfolio. Don't put $500 and expect to double your investment within the blink of an eye. Bitcoin's value currently ranges from $41.000 to $43.000. In order to double your $500, it'll need to surpass its previous ATH and reach over $80.000. With the mindset your friend has implanted in you, you'll have given up by then. Slow but steady growth is the key.

And most importantly, no one should create the wallet for you; it's a simple process; just download Electrum or any other desktop wallet that looks good to you. It's an extremely easy process; you can find plenty of guides here, like others have already provided you with, and plenty of others online, including videos.

[michellee]

Welcome to this forum. You can learn a lot about Bitcoin, altcoins, investing, trading, and gambling

You don't need to think about the latter. You can focus on investing in Bitcoin. There is no obligation to invest in Bitcoin. But after you see Bitcoin's journey, how do you feel when you see that many people have succeeded in making big profits? Aren't you interested in trying it?

You can start investing in Bitcoin with that money. I suggest you learn the DCA method. This method gives you the opportunity to buy Bitcoin regularly, such as weekly or monthly. And you don't need to consider whether the Bitcoin price will go up or down. You only need to focus on buying Bitcoin and holding it until the price reaches the final ATH before selling it.

You have to learn more about Bitcoin so you understand what to do. You cannot rely on your friends because you are responsible for your investment. Once you have a wallet, you must take care and not tell many people you have Bitcoin. Just you and the people closest to you will know or just you who know. There are many things you have to learn but don't worry, you can read a lot of valuable information on this forum.

[someone703]

Not everyone offering advice is a crypto guru. Some might be genuine enthusiasts, others might be seeing dollar signs and flashing visions of Lamborghinis in your eyes. So, before blindly trusting your friend's suggestions, drill down deeper. Ask them the tough questions: What's their track record? What's their evidence for their bullish predictions? Are they basing their advice on sound analysis or just wishful thinking? Don't be afraid to be skeptical – your financial future depends on it.

And don't stop there. Do your own research, bro! Dig into the white papers, decipher the technical jargon, and understand the underlying tech that fuels these digital currencies. Knowledge is your shield against misinformation and hype, your compass in the ever-shifting crypto landscape.

[Y3shot]

Hello welcome.

The first thing you need to know is that bitcoin IS NOT AN INVESTMENT. Bitcoin is a hedge.

It serves to protect you and for you to have freedom and self-sovereignty.

Study hard and participate here with us as you have a lot of knowledge to learn.

Bitcoin is very wide , and it serves different purpose and one of it, is for the purpose to invest it. Buying bitcoin and hodling  it for a longtime is a good investment and this is one of the advantage that makes bitcoin to be very interesting why people will always accept it as best form for investment. OP is in the right place to learn how to go about bitcoin investment.

[Rufsilf]

Hello everybody, how are you?

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies. I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it. One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

I hope you get the answers you need here, and welcome to the forum. The fact that a friend told you about bitcoin and even advised that you invest in it is great to hear actually. That being said, you should also be aware that bitcoin is unstable, which means that its price will change based on the market. Bitcoin can indeed be extremely profitable—but only if the market is high and you are willing to take the risk and hold for the long term.  But before you invest, make sure you read up on how it works and do a full analysis to understand the advantages and disadvantages of the investment and to ensure that nobody loses out.

Allowing someone, even a buddy, to create a bitcoin wallet on your behalf is not acceptable in my opinion. Since your private keys, which are required to access and utilize your bitcoins, are contained in it. Additionally, you run the danger of losing your money if you allow your friend to open a bitcoin wallet on your behalf because you never know when they might become dishonest, irresponsible, or hacker-prone.  And You also forfeit privacy and control over your finances. It would be best if you looked up how to make your wallet. After all, you should learn about bitcoin on your own and be knowledgeable about it before trying to figure out how it works. You can search on YouTube or read the discussions here, especially the ones they provided you, as there are a variety of information sources available these days. I'm sure it will be helpful.

[God bless u]

Not everyone offering advice is a crypto guru. Some might be genuine enthusiasts, others might be seeing dollar signs and flashing visions of Lamborghinis in your eyes. So, before blindly trusting your friend's suggestions, drill down deeper. Ask them the tough questions: What's their track record? What's their evidence for their bullish predictions? Are they basing their advice on sound analysis or just wishful thinking? Don't be afraid to be skeptical – your financial future depends on it.

And don't stop there. Do your own research, bro! Dig into the white papers, decipher the technical jargon, and understand the underlying tech that fuels these digital currencies. Knowledge is your shield against misinformation and hype, your compass in the ever-shifting crypto landscape.

that last part of your post is really great advice someone can give to a newcomer in bitcoin. every new person who wants to invest in bitcoin should take matters into their own hands and do his own research and due diligence before investing in Bitcoin.
if everyone understands these simple things in crypto. a lot of people will be safe from losing their money in crypto and eventually ending up blaming others and calling crypto a scam.

Education is really important before making financial decisions.

[m2017]

Hello everybody, how are you?

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies. I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it.

Have you tried to find out? The Internet is full of various guides.

One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused.

I would start my journey into investing in bitcoin of a smaller amount. For example, $20-50.

I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

This was one of the best recommendations. Now read and rethink the information received here.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit.

Have you tried using your head to make your own decisions? Do you really need to get outside guidance?

He said, he will open my bitcoin wallet and help to buy bitcoins.

Sounds like the start of a little scam. Would you give money to a guy in the back alley so that he would go to the bank for you and open an account there in your name?

Open your browser with Google and use your brain to do it all yourself. It’s time to learn how to independently deal with the issues of storing your money.

The sooner you master the basics of operation with bitcoin, the better it will be for you. Get used to independence with it.

Should I invest in bitcoin?

Do you want to hear permission to buy bitcoin? This forum is dedicated to bitcoin and almost all users are investors and fans of investing in it. Here you will only get one type of answer to your question.

[LogitechMouse]

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I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.

You don't know much about Bitcoin, but you decided to invest in it already?

I suggest you should learn more about Bitcoin, and cryptocurrency in general. Like what many people are saying here, learn first before investing. Learn before you earn. Have some knowledge first that will help, and guide you. Forget about the profits because it's always there. You can invest into Bitcoin anytime as long as you know the basics already. This forum and YouTube will be your guide to gaining knowledge. Go spend your free time watching documentaries, and reading some topics here.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

That's one thing that you should not do. Letting other people create your wallet.

This is the power of knowledge that we are saying. In the process, you will also learn how to make your wallet and store it properly. Don't depend too much on other people, especially with your money. Investing in Bitcoin can give you good profit, but it's not certain. Like I said, you can invest in Bitcoin as long as you have the knowledge that you need, and that includes making a wallet on your own.

[aylabadia05]

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies.

Yes, there is a very active discussion space here about all things related to crypto, including political discussions. You can choose for yourself which part you want to focus on.
Regarding the idea of cryptocurrency, I don't have a good one either because cryptocurrency is very common and there are many types.

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

Investment can be done by everyone as long as the person wants to do it. Poor or rich can invest.
Is Bitcoin investment profitable? depends on how people do it. If it is short term, I don't dare to guarantee that profits will be obtained. Long term, I dare say yes, it will be profitable from price returns.

In Bitcoin investment, it is important to know about wallets as a place to store Bitcoin. Terms are not your keys not your coins. Learn or join discussions about wallets to make it easier for you to secure your Bitcoin assets.

[Essential10]

Hello everybody, how are you?

In this forum i am new and proud to be here as a member of this forum. Heard there is a lot of discussion about Bitcoin so I came to join here for my own needs. Hope you all will help me. I don't have a good idea about cryptocurrencies. I just know that investing in Bitcoin is extremely profitable. But I don't know how to do it. One of my acquaintance suggested me to invest some money in Bitcoin. I told him how many dollars to invest and he said as much as I am willing to invest. I made up my mind that I would invest $500 but i am confused. I don't know much about Bitcoin so the person gave me the link to this website and suggest me to know about the various opinions of users on various topics. Since I see that Bitcoin is always discussed , I want your suggestions about my Bitcoin investment.
Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

Welcome to the forum, this forum is the perfect place to learn and share your knowledge about the exciting world of cryptocurrency. You have joined this forum through someone you know and you can definitely learn about cryptocurrency from here if you want to. You know it right, Bitcoin investment is profitable. You can invest Bitcoin with your desired amount. No matter what kind of amount you start with, hopefully you will definitely get profit in the future. I think you don't need that person to open the wallet, you can do it yourself. Prioritize security when creating a wallet to store your personal information and funds Take the time to learn and understand how to create a secure and private wallet on your own, so you have complete control and peace of mind over access and security. It is always better to be cautious and independent when it comes to these matters.

[moneystery]

you are right to come to this forum. here you can find everything you need to know about investing in bitcoin, from choosing an exchange, wallet, to how to secure it, you can find it here. you can also see people's analysis and predictions about bitcoin from this forum. whatever you want to find out, you can use the search button above and find the topic you want to know. or you can open a thread like this and discuss with other users about problems or questions you want to ask. welcome to this forum and good luck for your investment.

[majeed]

To begin, buying in Bitcoin without knowing much about it is like putting on blindfolds and walking into a lion's den. Bitcoin is a goldmine and a minefield. Learn and invest simultaneously is the motto. Learn without investing? Just a school project. Investing without knowledge? Congratulations on burning your money. Your $500? With that money, you've made your way into the future of money. Don't give it because someone says so. Do your job. Get the rudiments down pat: blockchain, market fluctuations, the works. Knowledge protects Bitcoin users from hackers, scammers, and other digital thieves.
Investing in Bitcoin can pay off. There isn't a magic money tree. The market is unstable. Prices go up and down like drugs. Get ready for that ride. When someone offers to open your wallet and buy Bitcoins for you, beware! Learn how to create a wallet. It's not hard to understand digital banking. Be careful with your money, and remember that the smartest Bitcoin player knows the rules.

[Ndabagi01]

Should I invest money with the suggestion of that guy?

You can invest with his suggestion or can even add more if you have enough capital that you can use to invest. If you don’t have, you can employ the method of DCAing which is one of the best method to accumulate bitcoin overtime if you’re not lump summing. Have in mind that, your bitcoin investment is not a fund to be touched for emergency needs, try and have extra funds for that if you really want to make a lot of profit in bitcoin when you invest for the long term.

He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

How much do you trust that your friend that you want him to open the wallet for you? In bitcoin investment, it is very sensitive not to give out your wallet information to anyone or disclose to anyone because if you do, they will also have access to your wallet and can send your money out at anytime. Instead of him opening the bitcoin wallet for you, let him guide you on how to do that and you can as well search online for most reliable personal wallets to use for your bitcoin savings.

[AprilioMP]

Should I invest money with the suggestion of that guy? He told me that if I invest I will get good profit. He said, he will open my bitcoin wallet and help to buy bitcoins. Should I invest in bitcoin?

Investing is a good action to do because the aim is to make a profit. There are many types of investments that can be made according to your wishes. Bitcoin investment can save the value of money apart from getting big profits.
I cannot completely justify people's thoughts regarding Bitcoin investment about the opportunity to gain wealth because Bitcoin is not a get-rich-quick scheme.

Previously, you should know that Bitcoin is a currency, an innovative payment network. People who use Bitcoin as an investment asset are not wrong because many people use Bitcoin as an investment asset because it can be used as a hedge, although in my opinion the purpose of creating Bitcoin was not for investment but as a currency that makes it easy for users to make transactions throughout the world.

You have to think first when someone says Bitcoin investment, you need to know!
Should you invest in Bitcoin? If you know how fiat currencies experience decline all the time, then investing in Bitcoin is an option.