I hope I'm doing the right thing.

[arjunmujay]

There have been a lot of explanations already. But did we notice that the OP has not written a single word yet? I don't think he is interested in investing a penny in Bitcoin. He just wanted to create a thread and ask some questions with the hope of getting some merit. The OP was active yesterday, and he joined other conversations in different threads, but he did not come back to his own thread to check what people were writing to it. This clearly shows that he is not interested at all. Some of us even wrote some long essays with the hope that OP will read them and will get some benefit from our experience. Haha.

Maybe what you say is true, even though we are here to sincerely provide an explanation of what the OP asked. and if you look closely at every post made by other users, it can really open your mind to good investments.
but I also don't really hope that I can respond one by one, especially if you look at the rank of the OP who is still a newbie, so it takes a lot of knowledge and experience on how to discuss in forums and how to end the threads he creates.

[Bryan jessy]

It's really good to ask questions about something you don't know or aren't sure of, to avoid unnecessary mistakes, one needs to be patient and not rushed into doing something you will regret. Though some people rushed into doing something they are not sure of the outcome because of other people's stories about that very thing so they might be so desperate to get to that level ignoring the circumstances because they just want be get there, disregarding the fact that grace varies.

[Abdulzuruku01]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

You did an excellent job by asking this question. In my opinion, the first step to take before investing is to thoroughly understand what you are investing in and the risks involved before putting your resources into it. The reason most newbies struggle with their investments is a lack of sufficient understanding because they view bitcoin investment as a get rich quick scheme, so they jump in without thinking and end up regretting.

Much has been said regarding market volatility and the risk of bitcoin, but let me add this from my little knowledge. Avoid using a custodia wallet to store your bitcoin investment because it is one of the risks of bitcoin investment. Instead, I recommend that you store your investment in a non-custodia wallet, which will give you full control of your assets because you will be able to hold your private key. However, make sure you save your private key in a secure place or where no one will be able to access it because if you lose your private key, you will lose all of your assets.
People say that if you don't want to take risks, you shouldn't invest in bitcoin, but this shouldn't be one of them.

[Kristiyana]

It's really good to ask questions about something you don't know or aren't sure of, to avoid unnecessary mistakes, one needs to be patient and not rushed into doing something you will regret. Though some people rushed into doing something they are not sure of the outcome because of other people's stories about that very thing so they might be so desperate to get to that level ignoring the circumstances because they just want be get there, disregarding the fact that grace varies.

That is the common mistake most people normally do, trying to imitate what others are doing.  though imitating sometimes is not bad but you need to be very sure of what you're doing so that you won't regret at last,   just like this crypto investment you need to have the full knowledge about crypto investment and also you need to understand the market very well before looking out to make investment so that to avoid losing your money.

[HajiBagi]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

You are doing the right thing by trying to understand what Bitcoin is before investing, the reason why people said it is good but luck because it’s an investment that is unpredicted, and also an investment that you don’t know the outcome of, whether you will get profit in the time you need it or not, people say that because they want you to understand what bitcoin is talking about, bitcoin is not just an investment that you will rush into Because you hear that there is a lot of profit in it, I know that everyone will like to invest in bitcoin when they hear that there’s a lot of profit but as a good investor make sure you understand the word bitcoin and also ask for more knowledge about it, I will also advise you to invest in bitcoin when you want to invest but make sure you know more about it so that you won’t get scammed or lose your money in the process, and if you learn and understand it you, will thank people who advise you later at the end when you are having a good time of your investment.

[Ricardo11]

Remember that every investment involves risk. You must first learn how to manage risk, the Bitcoin market is always volatile, its value can go down at any time and its value can go up at any time. The only one who can hold without panic during this price rise and fall will be able to benefit. But it definitely needs a long time, you can't get rich quick by investing in Bitcoin, you must hold for a long time. And remember the bigger the investment portfolio, the more profit you can get. You can invest regularly using the DCA method on a weekly or monthly basis, every dip should be seen as a buying opportunity, you should buy as much as possible while the price of Bitcoin is low. And from then on you should conduct the DCA procedure. Bitcoin price currently low, if you can afford it, invest now, then continue investing using the DCA method, holding long, and reaping the profits after reaching all-time highs.

[Zanab247]

Investment is just relaxing, OP. Follow your heart and follow the pattern of people who have successfully lived, quite a lot of options and opportunities are given today in the crypto market. if you like BTC, buy and focus on the long term. Even if you come with a choice other than BTC, there is something you should know, the durability of BTC is tougher than other cryptocurrencies.

You don't need to be an hurry to join investment, when you don't have the idea, first achieve the idea before you will begin to follow people partner to achieve your goal because people use to buy coins when their price is low and hodl till their price is high before they can sell to make profits.

BTC still remain the king among other cryptocurrencies, which if you invest in BTC today, you will going to earn double profits in your investment in the future because it use to break into a new ATH every 3 or 4 years which many hodlers has experienced $73k as the highest price so far in this industry.  

When you are doing the right thing in the industry, you will know because you have achieved the skills that will lead you through out the investment to become a successful investor.

[FinePoine0]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

I think, the delay is very good for you because you need to learn from those that understand the Bitcoin investment very well for you to achieve the knowledge that will make you comfortable whenever you succeeded to purchase Bitcoin from the market and hold for the bullish season to come before you can release them for sale. Since you are a newbie, all you need to do when you have the capital to purchase Bitcoin, is to wait for the bearish season to appear which is the right time for majority of investors use to purchase Bitcoin from the market and hold for long term to make their holding profitable in the future. I will advice you not to rush into Bitcoin investment, because there are a lot of things you need to acquire before taking the bold move to purchase Bitcoin, and you will not have any challenges in your Bitcoin investment.

But Bitcoin will depend on you because a plan of how long you can hold the holding will certainly play a significant role. No matter how big you invest you must have a plan, because the only plan you can survive in is that you cannot save your holdings whenever your plan does not work properly as you may be forced to sell your holdings at any time. But of course advice from senior people is acceptable they know more updated information about Bitcoin and holding. But I give more importance to planning than these.

[m2017]

How did you guys invest in bitcoin as beginners.

Just like millions of others. Just buy it.

What was your experience with the market volatility?

What kind of experience can a newbie have? 0 experience.

A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin.

Any investment involves risks. Somewhere more, somewhere less. It is generally accepted that bitcoin is a high-risk investment asset. It seems to me that in current realities, the risks are no greater than the traditional stock market.

I need to be very sure of what I'm planning to go into.

Increase your confidence with the knowledge you gain.

I don't know if I am making the right decision or I'm too sluggish to invest.

Only by trying will you know whether the decision you made is the right one.

If you are sluggish, then drink an energy drink - make a small trial investment.

I'm not really convinced maybe because I don't know much.

Awareness of the problem is a half-solved problem. Find out more.

Do you think this delay is good for me?

You are delaying the start, which means you will arrive at the finish line (profit) later.

I believe it is good for one to be  sure and understand anything that involves money.

I can't argue with you here.

[Yamifoud]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

It is better to delay your investment journey rather than rush because it is too risky to deal with the market with an empty mind and no-how about this, you will only just fail in the end. Better make ourselves prepare and invest first in building knowledge and ideas because this is the ticket of our success. We have to think that success never comes too easily and quickly, it all comes after hard work and patience. Therefore, those people who are in the rush mostly experience failure and losses but those who take and follow the process end with pleasure and more success.

OP, you are not just doing it right but you are exemplary in doing it. Having good plans will also result in something remarkable and positive.

[Cryptoprincess101]

You really have done well to ask questions about what you want to invest in, rather than rushing into what you do not understand. 
 

Yeah he really tried for asking questions on how to start up his investments in Bitcoin because a beginner needs to have some basic knowledge about the concept of Bitcoin before making investments because that is what will guide them in the process so he tried for asking for helps and direction and I believe with the opinion of members here he will compare and contrast on the best advice to follow up as a beginner.

[lalabotax]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A

Honestly, at the beginning I started accumulating investment in Bitcoin, of course by trying to convince myself first regarding understanding Bitcoin, the development of Bitcoin, and the possibility of Bitcoin prices in the next bull season. And I am one of the people who really believes that I will meet a bullish era with Bitcoin prices that could reach $100k.

So, when you first decide to start investing in Bitcoin, just buy it and then keep it well. And forget about that for now, and don't pay attention to it or it will increase volatility, with market corrections that cause Bitcoin prices to drop again and again. Yes, always maintain your intention and don't panic. So that's it, it will just go like that, from time to time you just have to be more patient to actually achieve the target.

[Hazink]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A

Honestly, at the beginning I started accumulating investment in Bitcoin, of course by trying to convince myself first regarding understanding Bitcoin, the development of Bitcoin, and the possibility of Bitcoin prices in the next bull season. And I am one of the people who really believes that I will meet a bullish era with Bitcoin prices that could reach $100k.

I see a lot of high expectation on Bitcoin price speculation this coming bull run; no one is looking below $100,000, which is a good one; it shows how much confidence the people have in Bitcoin, and I'm also among those who want to see bitcoin break above $100,000, which is an achievable target since we have already seen $73,000 climb by another $30,000, which won't be a big deal for Bitcoin this coming bull run.

[Fara Chan]

I see a lot of high expectation on Bitcoin price speculation this coming bull run; no one is looking below $100,000, which is a good one; it shows how much confidence the people have in Bitcoin, and I'm also among those who want to see bitcoin break above $100,000, which is an achievable target since we have already seen $73,000 climb by another $30,000, which won't be a big deal for Bitcoin this coming bull run.

Today Bitcoin again showed a slight price correction in the market and caused more altcoins to experience a simultaneous price decline in the market. Nevertheless, everyone should still remain optimistic in their hopes for $100K in Bitcoin as this slight correction will not be a big barrier for Bitcoin heading towards $100K as long as the demand volume never becomes small on Bitcoin. And I think the expectation for a price of $100K is quite reasonable if the bottom starts at $70K by Bitcoin.

[Ever-young]

If you do not want to risk, you do not need to invest in bitcoin. Know that bitcoin price can rise or fall. But know that bitcoin price has more chances to increase, I am expecting $100000 next but before this can happen might take time. It is good not to invest than the price to fall and sell and later see the price higher than the price that you bought it. But if you want to hold for a long time, why not just buy than to be afraid.

You are right but if us to accomplish our dreams into reality, we have to exercise more patient, which is the most wanted attitude in Bitcoin, that is to say if we are afraid of investing or trading in crypto, that we might loss our money.

That is why it's also crucial to study or know the basic knowledge of crypto before investing or trading, so that when the markets fluctuates at times, we won't be afraid or impatient to withdraw or invest our money and at last we will regret of our action. So let's be patient and careful with anything concerning crypto.

[tomos81]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

Doing any hasty or bitcoin investment is risky. Could be a mistake or not the right time to invest, if you start hiring bills towards pumping the market and if it is short term then you are more likely to be at risk. And if you hire B during market dumping even if it is a short term investment you may face immediate loss. So investment is best if it is long term because if you invest it with patience it is definitely possible to get profit.

[HajiBagi]

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.

[Bravut]

If you ain't convinced yet, no need to push yourself to invest but I don't know what is making you doubt, is it Market volatility, People ideology of Risk, Fear.
The truth is, there is no right time to invest in Bitcoin, procrastination solves no problem.
The right, basic knowledge is investing what you can afford to loss, Accumulate Bitcoin with a defined strategy which I would advise you DCA (allocating a certain amount for Bitcoin Accumulation,  weekly, Quarterly, Monthly by doing so you buy at this intervals enabling you build a solid Bitcoin portfolio), with a plan which can be rules you will stick it, setting out emergency funds, so that as you accumulate you would not tamper with your holdings but can use the emergency funds during emergencies.
With this outline you are set to begin, allow market do her thing just have a long term view and be patient.

[Porfirii]

-snip-
The right, basic knowledge is investing what you can afford to loss, Accumulate Bitcoin with a defined strategy which I would advise you DCA (allocating a certain amount for Bitcoin Accumulation,  weekly, Quarterly, Monthly by doing so you buy at this intervals enabling you build a solid Bitcoin portfolio), with a plan which can be rules you will stick it, setting out emergency funds, so that as you accumulate you would not tamper with your holdings but can use the emergency funds during emergencies.
With this outline you are set to begin, allow market do her thing just have a long term view and be patient.

And if for whatever reasons Bitcoin's price doesn't continue rising, you would only lose what you could afford to lose. But the problem with the OP is that he made the wrong decision, not because he used money lent or whatever, but because he chose the wrong coin in retrospective. Chances are that he makes the same mistake again even if he accumulates Bitcoin now, so the clue is being indolent to loses.

Easier said than done, but every investment poses a risk, and the only way to avoid suffering to some extent is accepting on beforehand the possibility of losing.

[sotelorene]

I think you have done great by not rushing into Bitcoin investment without the knowledge of it cause you would've gotten yourself into a very big mess (loss,) and that would have result to discouragement and make you have the perspective that some people have about Bitcoin, that Bitcoin is a scam send most of them are people who refused to ask questions, who refused to ask for guidance and rush into it cause they want to make money overnight.