Consider all this before starting your Bitcoin journey.

[Chiomaobi]

Before I start Bitcoin investment I been take my time and I also consider many things and those things way I consider really they help me for this my Bitcoin journey and I go like to share am to people for here especially to my follow newbies way won start Bitcoin investment.
Things way you go need to consider before you start are as follow.

1. Have knowledge about Bitcoin.

No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.

2. Understand Bitcoin volatility.

Bitcoin na something way people no say en price they volatile, which means that en value fit rise and also fall in price, so you need to prepare your mind say price fit change at any point in time.

3. Managing your risk.

You need to assess your risk tolerance and you need to also assess your financial situation before you invest. You go need to consider how much way you fit invest and also how deep the lose fit dey.

4. Look for a teacher or mentor.

As person way they start newly you need to get person way go they guide you on how to carry on your investment. You need to consult person with more higher experience about cryptocurrency.

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, you need to use wallet way you know say they very good like trust wallet, Binance e.t.c and make sure say you keep your password only to yourself.

6. Beware of scam or fraud.

No say scam full for online na why e no good to share your password online or connect your wallet to sites way you no too understand. No carry your Bitcoin go invest on any thing online if you go even invest verify the credibility and legitimacy of that investment platform.

7. Be patient.

Bitcoin na long time investment and you need to carry patient mindset use follow Bitcoin because Bitcoin no be Ponzi scheme way you go just enter carry money come out quick.
So you need to carry the mindset of long term investment for mind when investing.

[Charles-Tim]

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, [color]you need to use wallet way you know say they very good like trust wallet, Binance[/colour=red] e.t.c and make sure say you keep your password only to yourself.

Binance is a custodial exchange. Not you key not your coin. Trustwallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware. That aside, Trustwallet is one of the worst bitcoin wallet even if it is good as an altcoins wallet in term of convenience.

Cold wallets are the safest wallets. Example are Electrum on an airgapped device, airgapped hardware wallets et cetera. For small amount, use can use online wallet like Electrum, Sparrow or Bluewallet or Unstoppable wallet.

[Chiomaobi]

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, [color]you need to use wallet way you know say they very good like trust wallet, Binance[/colour=red] e.t.c and make sure say you keep your password only to yourself.

Binance is a custodial exchange. Not you key not your coin. Trustwallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware. That aside, Trustwallet is one of the worst bitcoin wallet even if it is good as an altcoins wallet in term of convenience.

Cold wallets are the safest wallets. Example are Electrum on an airgapped device, airgapped hardware wallets et cetera. For small amount, use can use online wallet like Electrum, Sparrow or Bluewallet or Unstoppable wallet.

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.
It was recommended to me by my mentor well I will check out Electrum and see things for myself.
Thank you.

[Ruttoshi]

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, [color]you need to use wallet way you know say they very good like trust wallet, Binance[/colour=red] e.t.c and make sure say you keep your password only to yourself.

Binance is a custodial exchange. Not you key not your coin. Trustwallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware. That aside, Trustwallet is one of the worst bitcoin wallet even if it is good as an altcoins wallet in term of convenience.

Cold wallets are the safest wallets. Example are Electrum on an airgapped device, airgapped hardware wallets et cetera. For small amount, use can use online wallet like Electrum, Sparrow or Bluewallet or Unstoppable wallet.

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.
It was recommended to me by my mentor well I will check out Electrum and see things for myself.

I guess that your mentor does not know how to keep his coins safe. It is a different thing to know about cryptocurrency and a different thing to know about wallets. Trust wallet is a closed source wallet which means that it is centralized. It is not safe to keep your coins in it, because they have control over your funds. There is a back door and your private keys are not yours.

Exchanges are not wallets but account. You have an account with Binance and not wallet because they can freeze your asset or deprive you access to your account any time.

This is why you are in the forum to learn more here. I never knew about wallets till I registered here.

Listen to what Charles-Tim said about good wallets safe to store your bitcoin.

[Charles-Tim]

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.

You backup your seed phrase online? Read this: Apple User Lost $650k In iCloud Crypto Scam

During menopool congestion, Trustwallet can give your a worse user experience. Not having coin control. Not having multisig. It might give you a bug in a way you will not see your transaction history. Not having opt-in replaced-by-fee and child-pay-for-parent.

Is that a good bitcoin wallet? No.

[Doan9269]

Knowledge is power and there is nothing that is expected of you to start with from bitcoin without having the idea on the knowledge involved in making anything concerning it, this is the very first mistakes many have made in the past because they were being so distracted by the opportunity it carries leaving behind the needful steps and requirement needed of them to do before the start of anything in bitcoin network.

[promise444c5]

1. Have knowledge about Bitcoin.

No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.

Having knowledge about bitcoin is a good idea bit you can't learn it all before you start your investment else you could miss a lot of chance because bitcoin can be so unpredictable so I will say Having basic knowledge about bitcoin before investment is a good idea
Learning about wallet could be a basic knowledgebut learning about how blockchainworks entirely could be challengingfor a newbie although there'rebasic aspect that can be easily grasp, however if someone is trying  to invest in Bitcoin  then longterm investment should be focused on without any intension to exchange it soon.
Once he/she is already in the investment , then learning about the technical and longterm learnings can be done with ease

[Yucky]

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.

You backup your seed phrase online? Read this: Apple User Lost $650k In iCloud Crypto Scam

recently, trust wallet regularly displays an option for users to backup there seed phrase on the cloud. It takes someone that's careful with his safety not to fall for the trick of just doing the backup and saving yourself from the stress of seeing the backup message popping up on your device so frequently.

I had to ignore it when I updated my truswalet and noticed it and the reason I ignored it is that I saw a thread iether on this local board or in the beginers and help section of the forum where someone adviced newbies regarding the need to ensure that ones seed phrase is kept offline. Sometimes, trying to do things th most easy and convininece way could lead to unplanned disaster and that's  what must have led some people to rush about the update

[Mr.suevie]

1. Have knowledge about Bitcoin.

No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.

Having knowledge about bitcoin is a good idea bit you can't learn it all before you start your investment else you could miss a lot of chance because bitcoin can be so unpredictable so I will say Having basic knowledge about bitcoin before investment is a good idea
Learning about wallet could be a basic knowledgebut learning about how blockchainworks entirely could be challengingfor a newbie although there'rebasic aspect that can be easily grasp, however if someone is trying  to invest in Bitcoin  then longterm investment should be focused on without any intension to exchange it soon.
Once he/she is already in the investment , then learning about the technical and longterm learnings can be done with ease

For me if you are really really interested in making or saving up your money as Bitcoin investment then there is probably just no complicated thing involved, so just know the basis and not much tech stuffs because what's even important is actually the zeal or learning seriousness towards what you aim at achieve by saving your money in Bitcoin.

[Fiasem20]

Op e really dey good to dey knowledgeable about bitcoin before investing.Your points wey you give dey valid but e get some mistakes wey you make as a newbie,just dey learn more with time you go dey conversant with the crypto ecosystem.

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, you need to use wallet way you know say they very good like trust wallet, Binance e.t.c and make sure say you keep your password only to yourself.

Bitcoin investment na investment wey every Bitcoiner go dey concern about protecting ehn coins.Trustwallet no dey recommendable to store cytro,if you wan secure your coin for any hot wallet e beta make you go for the best and reputable one like electrum.Binance no be wallet na exchange,no ever store your coin for exchange for the long term,the best wallet to store crypto na hardware wallet.

6. Beware of scam or fraud.

No say scam full for online na why e no good to share your password online or connect your wallet to sites way you no too understand. No carry your Bitcoin go invest on any thing online if you go even invest verify the credibility and legitimacy of that investment platform.

One thing wey every newbies get to know be say your password, private keys and seed phrase na something wey you no go disclose to anybody no matter how much you trust the person.

[Ever-young]

Knowledge is power and there is nothing that is expected of you to start with from bitcoin without having the idea on the knowledge involved in making anything concerning it, this is the very first mistakes many have made in the past because they were being so distracted by the opportunity it carries leaving behind the needful steps and requirement needed of them to do before the start of anything in bitcoin network.

That's right, as having the knowledge and understanding of bitcoin is the first step in order to be sure and also know the risks and the benefits involved in crypto.

We can't just wake up one  day and decide to join or invest or trade in bitcoin without asking questions or doing research on how we should we should, what to do and all that, we might be making a lots of mistakes when we don't have the idea such as investing when we are not supposed to invest, or trading or withdrawing when we are not supposed to do that.

Also we might even fall a victim in the hands of scammers because we don't know or have the idea of the one who is real and fake, so we shouldn't rush to be a partakers of crypto rather we should first consider studying more of it first.

[Justinapeter]

You have done well in your write up as a newbie all what you listed was what I considered before I started this journey and the first one you mentioned knowledge about Bitcoin should be taken serious by every newbie.
One needs to understand Bitcoin very well am not saying you should know everything before you invest but know the basic things about Bitcoin then invest after that keep studying about it so you will know more.

[AYOBA]

Before I start Bitcoin investment I been take my time and I also consider many things and those things way I consider really they help me for this my Bitcoin journey and I go like to share am to people for here especially to my follow newbies way won start Bitcoin investment.
Things way you go need to consider before you start are as follow.

1. Have knowledge about Bitcoin.

Have a knowledge about the Bitcoin investment is the first to everyone one that want to start a Bitcoin investment, because someone can know just go and begin what he doesn't have any know about it, even a business a person want to start he have to have knowledge before introduce himself into it to avoid lose in the business that's how the Bitcoin investment also goes on lean and do much research about the Bitcoin investment is the best advice.

3. Managing your risk.

You need to assess your risk tolerance and you need to also assess your financial situation before you invest. You go need to consider how much way you fit invest and also how deep the lose fit dey.

Know about the risks that are involved in the Bitcoin investment is very important to for those that want to become a investment in Bitcoin, because if a person doesn't lear how to avoid the risks in Bitcoin investment, that's what is leading most of the people's lose too much of their money in the first investment. Expecially some newbies that introduce themselves about the Bitcoin investment and refuse to fellow those that are already be while about the Bitcoin investment there easily fall in vistim of losing after made there investment.

7. Be patient.

Bitcoin na long time investment and you need to carry patient mindset use follow Bitcoin because Bitcoin no be Ponzi scheme way you go just enter carry money come out quick.
So you need to carry the mindset of long term investment for mind when investing.

If you want to become a successful person in everything you're doing you have to follow long procedure, if you don't have a patient you can not invest in the Bitcoin, because invest in Bitcoin deserves a long period of time if real want to achieve your goals. But some people's didn't comprehend that is why they will go and make short time investment that will know give them a huge profits, and the Bitcoin investment is all about the patience.

[Mayor of ogba]

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, [color]you need to use wallet way you know say they very good like trust wallet, Binance[/colour=red] e.t.c and make sure say you keep your password only to yourself.

Binance is a custodial exchange. Not you key not your coin. Trustwallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware. That aside, Trustwallet is one of the worst bitcoin wallet even if it is good as an altcoins wallet in term of convenience.

Cold wallets are the safest wallets. Example are Electrum on an airgapped device, airgapped hardware wallets et cetera. For small amount, use can use online wallet like Electrum, Sparrow or Bluewallet or Unstoppable wallet.

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.
It was recommended to me by my mentor well I will check out Electrum and see things for myself.
Thank you.

TrustWallet is never the best wallet to use for holding bitcoin because it is a custodial wallet, which doesn't give you 100 percent access to your bitcoin. The Electrum wallet is one of the best wallets to use for holding bitcoin because it gives you total control of your bitcoin, and nobody will have access to it unless you keep your private key open for another person to see it. I think you need to change your mentor before he leads you to lose your bitcoin one day. Also, try to do your research to find out some things by yourself so that you will not rely on your mentor for everything. I want you to know that backing up your seed phrase in your Google account is like someone who keeps his bitcoin on a centralized exchange because he or she can lose it at any time. If someone has access to your Google account, that person will access your wallet because he will have access to your seed phrase. You can back up your wallet seed phrase or private key by writing it down on paper, and you should keep it in different locations only known to you so that someone else will not have access to it.

[Chiomaobi]

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.

You backup your seed phrase online? Read this: Apple User Lost $650k In iCloud Crypto Scam

During menopool congestion, Trustwallet can give your a worse user experience. Not having coin control. Not having multisig. It might give you a bug in a way you will not see your transaction history. Not having opt-in replaced-by-fee and child-pay-for-parent.

Is that a good bitcoin wallet? No.

I did a lot of research yesterday and you are right about trust wallet and I also checked the authenticity of Electrum and I think is the best to use so I have created an account in Electrum and I have transferred all my Bitcoin there, that is what I will be using now.
Thank you so much Charles-Tim.

Please follow newbie any information you get here from your senior mate please do a research about it don't argue too much about what you don't have full idea about.

[Asiska02]

Having a bitcoin knowledge before venturing into it is very important as you can’t be perfect in a skill if you haven’t learnt the basics of it and know how to trade your path well in that skill. Bitcoin is so enticing that many people forget the first step of knowing what bitcoin is actually, the do’s and don’ts of it, knowing well about its security and how to keep your wallet details private to yourself and not allowing a third party to come in between it for you. Bitcoin is very vast and it is a school of its own that needs proper learning and understanding that when you rush into, you’ll end up regretting how you first knew about it and why you joined it. As it is enticing, it’s also noteworthy to put somethings safe and secretly classified to you only because they form the basics of your ownership of them.

[Kliss]

5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, you need to use wallet way you know say they very good like trust wallet, Binance e.t.c and make sure say you keep your password only to yourself.

Trustwallet being closed source does raise concerns about transparency and security. An air-gapped device or hardware wallets are indeed the safest options for storing your Bitcoin securely.  Air-gapped devices are like your Bitcoin stronghold. Essentially, an air-gapped device is a gadget that is not connected to the internet making it secure from online threats like hackers and malware. When it comes to storing your Bitcoin using an air-gapped device with a wallet like Electrum help in protection. Since the device is offline, it significantly reduces the risk of unauthorized access to your precious crypto assets. It's like keeping your Bitcoin in a digital safe that's not accessible to the outside.

[Roseline492]

Before I start Bitcoin investment I been take my time and I also consider many things and those things way I consider really they help me for this my Bitcoin journey and I go like to share am to people for here especially to my follow newbies way won start Bitcoin investment.
Things way you go need to consider before you start are as follow.

1. Have knowledge about Bitcoin.

No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.

2. Understand Bitcoin volatility.

Bitcoin na something way people no say en price they volatile, which means that en value fit rise and also fall in price, so you need to prepare your mind say price fit change at any point in time.

3. Managing your risk.

You need to assess your risk tolerance and you need to also assess your financial situation before you invest. You go need to consider how much way you fit invest and also how deep the lose fit dey.

Knowledge is a powerful instrument that would guide somebody irrespective of the kind of investment they venture into but sometimes is very quite unfortunate that most early Bitcoin investors always prefer the shortcut instead of going through the normal process they are supposed to follow, I no that too much knowledge may not be too necessary in terms of Bitcoin investment for those that consider holding but however getting acquainted with some basic information about it is highly important.

However the reason why having some knowledge about Bitcoin is good is that with the volatility of Bitcoin sometimes it takes only those that understand the ways at which the price behave at times because if someone should joined Bitcoin investment without having any knowledge about it the moment he sees any drastic price movement contrary to the way he expected he will immediately start panicking.

[I_Anime]

1. Have knowledge about Bitcoin.

No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.

I don't think one need to go this deep before starting his bitcoin journey (investing in bitcoin), just having th basic knowledge, and how one can secure his asset he or she is good to go . Because the time one is taking to focus on accumulating knowledge alone when he or she should also be accumulating bitcoin, may lead to one missing out big time. Because the price wait for nobody now alot of folks are even saying that Bitcoin is too expensive, but as time goes Bitcoin will get to a point where people will refer this recent price as when bitcoin was cheap.

So as one is learning about Bitcoin, expecially in this forum is advisable that he or she is also accumulating Bitcoin or holding some stashes of Bitcoin while learning more about Bitcoin, so that as Bitcoin continue to surge In price your stash will also surge with it.

[Zanab247]

Try to have d knowledge of BTC before going to BTC and crypto business, and it will help u to live long in d business to achieve your target because d knowledge will allow you to buy BTC and crypto when d price is dumping and sell when d price is pumping in d market.

When u understand BTC volatility, u will not be afraid wen u see d BTC in your wallet reducing during d bear run because is a sign that bear season is on ground and anything can happen next for d BTC to start rising in your wallet.

Use a good wallet to secure your BTC as a newbies, because there are some wallet u will use to stored your BTC and it will be easy for scammers to withdraw your BTC without your permission.