Consider all this before starting your Bitcoin journey.

[Orpichukwu]

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.

Exactly what one should know is: what bitcoin is, how to receive and send out bitcoin, the type of wallet, and the difference between an exchange account and a noncustodial wallet.
 
At least for the person's safety, the more the person gets involved in bitcoin and carries out activities, the more he or she will easily expand their knowledge. They can't learn everything one day or all at once; it's something that comes with experience, practice, and research too.

[DaNNy001]

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.

That's one thing I didn't do myself before actually getting to get myself involved and fully active with my Bitcoin investment journey for all I could remember is that one should just have the basics when it comes to anything knowledge concerning Bitcoin and you are good to go, well if you are well versed on the principles of economics too then I think that will add an extra shell to your Bitcoin investment journey because it will you know that patience and profit making are actually like brother when investing your funds in Bitcoin.

[sotelorene]

Op, your points are absolutely correct cause if someone is not informed about a particular thing he or she will see a funny outcome however, Bitcoin is not just a short term investment there are people who trade it and make profit within a short interval, just that the best way to go about it is investing for a long period of time. In summary, Bitcoin investment doesn't require only knowledge but also understanding how it works cause it's only when one understand it he or she can play around with the investment very well.

[rachael9385]

Op, your points are absolutely correct cause if someone is not informed about a particular thing he or she will see a funny outcome however, Bitcoin is not just a short term investment there are people who trade it and make profit within a short interval, just that the best way to go about it is investing for a long period of time. In summary, Bitcoin investment doesn't require only knowledge but also understanding how it works cause it's only when one understand it he or she can play around with the investment very well.

You sef get some valid points too but make I try tell you say Bitcoin invest you no need much knowledge before you start to dey invest in am, the important things wey you need to know before you start to dey invest for Bitcoin nah how to buy and you go also make your own research for the best wallet wey you go use keep your coins for long terms. Nah only person wey no get patient for long term investment nai dey only invest for short term (like 3 months only) or involve for trading. Why I talk say person no really need much k knowledge before em start to dey invest for Bitcoin nah because say some pipo, if them won learn something them dey always won know am finish before them start to dey involve themselves for the thing and as Bitcoin dey so, the more person dey waste time to invest nah also the more opportunity them dey miss. So the best way to invest for Bitcoin be say just know how to buy and the kind wallet wey dey safe then along the process of your accumulation you go con dey know more things about Bitcoin. During the time when you dey accumulate, Bitcoin go dey go up and dey come down and you go also know about peak, bullrun and more knowledge go add up together with the ones you get because of say you dey practice am.

[Jaycoinz]

I dey always tell people say one of the best things to look out for Na your seed phrase because because anything wey make you loss am while your account don dey deleted for your device while coins still dey inside. Na why we need to dey very careful when we dey deal with seed phrase because Na of the most important information wey dey for crypto. And where you take save your coins also matters alot because exchanges Na no go area. Person wey dey keep em coin for exchanges just dey shook hand for fire because when e go burn am, e go be like say the world dey against em life. Many hackers dey on ground dey look for loop hole to take hack into the system and if them manage get their way, e mean say you coin don go be that.

[Miles2006]

For me wetin person go need to know be say bitcoin no be get rich quick something, all wetin you talk dey okay aside from the Binance, I never see for here when e Dey good to store crypto for centralized wallet especially bitcoin wey you want store for like 2 to 3 years or more, for example you talk about privacy and security and anything wey concern crypto person no suppose trust third party but of course na wetin newbies dey like because of  lack of the knowledge and they feel say e dey easy to use. Bitcoin na investment wey need wisdom from my understanding because na wetin people dey carry fraud their friends, family etc, if person fit learn about crypto scam well first before investing e go hard for that person to fall victim.

[Cityhunter34]

Of course Na knowledge be the first thing wey person suppose get before thinking of venturing into Bitcoin investment, because without having knowledge and understanding one would just end up losing his/her asset because as long as Bitcoin investment is concerned their are some many risk that are involved. However for you to be able to manage your investment very well you will really need to know the risk to enable you hold your Bitcoin for a long time investment.

[Nwada001]

Of course Na knowledge be the first thing wey person suppose get before thinking of venturing into Bitcoin investment, because without having knowledge and understanding one would just end up losing his/her asset because as long as Bitcoin investment is concerned their are some many risk that are involved. However for you to be able to manage your investment very well you will really need to know the risk to enable you hold your Bitcoin for a long time investment.

Do you know that a lot of people who claim to be into crypto don't know much about how it actually works? As most of them venture into crypto currency through airdrops and it's look alike, they all believe they know everything concerning crypto currency.
 
Some people don't even know the difference between a crypto exchange and a wallet address. If people can really learn about at least the basics of crypto, especially the security part and how it works, they can easily escape some kind of scam that goes around in the crypto space.

[Tmoonz]

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.

One major thing that is most important is that no one should venture into Bitcoin simply because it is what everyone seems to be talking about or doing but rather it should that you have your personal conviction enough to see Bitcoin as a coin that Worthy of investing such that it will give you that mindsets of making every necessarily arrangements as regards to ensuring working towards achieving your investment goal and objectives by making corrections where and when necessary and above all Bitcoin is not a quick and get rich scheme that is what every Bitcoin investors should always have in mind.

[Obim34]

Most of us actually started our Bitcoin journey from here mostly as newbies and the forum has shaped us in various aspects, there is a lot to learn about Bitcoin other than just what was listed above. It takes time, most interesting these learning never ends, each day we keep knowing new things especially when one really gets acquainted with the forum.

Good points where outlined but in the midst I would pick out the odd among them which is where and how to exchange them. An an investor, a new one in the system should not be worried about where to exchange his Bitcoin, he should be in a state of always urging to accumulate Bitcoin to his portfolio.

[Antotena]

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.

This is not needed if you want to learn about Bitcoin because you might be learning from someone and the person might not really know much about Bitcoin, have you consider what if the person lie to you asked about some questions he doesn't know, like technical questions and he just made assumptions. That way you wouldn't much but if you have mentors, having two different informations will raise your doubts and the internet will be the juste of their answers.

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.

Don't store your Bitcoin on a place like Trust wallet because it's an open source software and it's not recommended as it's an online wallets and likewise centralized exchanges like Binance are not good because you don't have access to the private key of the wallets they gave you are not your keys, it's not your key that's why you should get cold storage to be used to spend the Bitcoin in your wallet and to receive Bitcoin from you.

[Onyeeze]

In addition for wetin you don talk, somebody wey no get knowledge of bitcoin when the person invest for bitcoin and the investment go wrong e go say bitcoin is a scam, but when you make your research and understand the way of bitcoin you will know that bitcoin is not a scam but I really know say bitcoin is a real thing, but is how to apply it to results good thing for you, at first you have to understand the basics things of bitcoin and you have to know that when you go into bitcoin you need to making a research of Bitcoin so that you will not experience loss when you invest, but everyone knows that all investment is a scam.

[CryptopreneurBrainboss]

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.

You go wait first make you learn well before you begin dey teach other people make you no go mislead them. You do not technically need a mentor, teacher or anything you wan call them. I no dey talk say dem no good but e no dey necessary. If you dey in the midst of better company like this forum like this you're very good to go because advice and guidance go dey come from everywhere and you no go need personal mentor. When people dey find people to mentor them. I dey always tell them say make them reason the first people dem wey join the industry whether them being get mentors.

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.

Trust wallet isn't one of the best wallets out there, it is very convenient and might be a good starting wallet for newbies but e no suppose be wallet wey you go dey use hold Bitcoin because e dey closed source. Binance been dun buy am and Binance na centralized business dem dey sabi practice. Binance na exchange and no be wallet to use dey keep your Bitcoin. Recommended wallets are hardware wallets wey be non constodial and open source. You fit still use Electrum wey dun dey the industry for a very long while and dem never fuck up.

[Obari]

In addition for wetin you don talk, somebody wey no get knowledge of bitcoin when the person invest for bitcoin and the investment go wrong e go say bitcoin is a scam, but when you make your research and understand the way of bitcoin you will know that bitcoin is not a scam but I really know say bitcoin is a real thing, but is how to apply it to results good thing for you, at first you have to understand the basics things of bitcoin and you have to know that when you go into bitcoin you need to making a research of Bitcoin so that you will not experience loss when you invest, but everyone knows that all investment is a scam.

Research na one thing weh no supposed dey over exaggerated as a beginner for thr crypto industry as that na one way to stay informed and just as our oga been don talk am , I just wan second am say, you no actually need any metor or teacher for this crypto journey as even only thr forum suppose give you everything wey you already dey find make you no go fall victim for person wey go indirectly office you.

I don already see alot of replies drawing your attention to the right wallet and I think you already got thr needed guidance and these responses na typical reason to always see the forum as a guide and no need to go seek any physical mentorship.

[SmartGold01]

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

For investment like this e no good to tell people to use Binance address because person no get access to the ends of the exchange so anything fit happened there. If you must used Binance make e be say your funds go just dey there for trading purpose only maybe after you don trade finish you go move am go another non-custodial wallet such as electrum wallet as Charles-Tim already mentioned above. For long term investment hardware wallet is mostly preferable, also talking about trustwallet, thus is actually good but not for long term holding you can use trust to receive payment after which you may decides to move them to another Open Source wallet.

[Agbe]

Op how do you relate your topic with the number. Your topic tok about di measures to take before investing in bitcoin but you number 5, you don already get bitcoin and now to secure and dat should be a measure to take after gotten bitcoins. Though all the measures you tok before embarking on the investment of bitcoin e dey okay except di 5 wey tok about after getting di coin, though weti you tok e no bad oh but di tenses na after and not before. And the wallets you tok there e no make sense oh. Trustwallet is not recommended for bitcoin investment because the transaction process is cumbersome and e no be self custodial wallet but custodial wallet. Binance na exchange which is no good to store cryptocurrency foe even one months because government dey hunt centralized exchanges down. And di best wallets to use na Bluewallet, Electrum. And wen you don invest then security don start. And you go dey be careful for any transaction you dey do. But before you start di invest and that should be di preplanning stage , you have to know how to secure them.

[7juju]

Of course Na knowledge be the first thing wey person suppose get before thinking of venturing into Bitcoin investment, because without having knowledge and understanding one would just end up losing his/her asset because as long as Bitcoin investment is concerned their are some many risk that are involved. However for you to be able to manage your investment very well you will really need to know the risk to enable you hold your Bitcoin for a long time investment.

Understanding the risk involved in every investment opportunity we have will make us have a better understanding of what we are to expect from that particular investment. The moment you realize the risk involved it will help you have a better understanding of how everything plays out, so that you will know how to deal with such challenges when you encounter it.

[Adbitco]

In addition for wetin you don talk, somebody wey no get knowledge of bitcoin when the person invest for bitcoin and the investment go wrong e go say bitcoin is a scam, but when you make your research and understand the way of bitcoin you will know that bitcoin is not a scam but I really know say bitcoin is a real thing, but is how to apply it to results good thing for you, at first you have to understand the basics things of bitcoin and you have to know that when you go into bitcoin you need to making a research of Bitcoin so that you will not experience loss when you invest, but everyone knows that all investment is a scam.

Don't you think before anyone goes into any investment s/he should be aware of what he is doing before going further to make investment. Any investment that you are making that doesn't involve risk is likely too risky to invest because all investment be it digital or physical investment all involves risk, that is why we must know all these things first before investing on them, when you are prepared about the investment there is no way you would call the investment scam because you already aware and knows things that are associated with the investment, people calls it scam because they don't know what it's and how it works.

[SmartCharpa]

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.

I think this is my first time to hear that them dey store Bitcoin for trust Wallet. The trust wallet no dey safe to store other coin, I fit store stable coin for trust Wallet but you see Bitcoin, I no fit store am for trust Wallet. E get one certain time wey i get some BNB for my trust Wallet, I don't even how the person take get access to my email, even my private key, I just started to received notification say I sent so so amount of coin to this wallet. Since then if no be Binance, it will be difficult for me to store my coin for all these small wallets. 

6. Beware of scam or fraud.

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.

Person wey hand don touch before I believe say him go learn from his mistakes. No be everybody wey become successful through cryptocurrency go tell you story about the amount wey dem don lose and the amount wey dey scammed them. So no gain without pain, but we really need to dey very safe around everyone, since it is very bad for those that are into cryptocurrency they leave their phone in the hand of everyone because we don't know who is real. If my phone enter another person hand is either someone that I know that he is also into investment, as we are planning bad against each other.

[Onyeeze]

In addition for wetin you don talk, somebody wey no get knowledge of bitcoin when the person invest for bitcoin and the investment go wrong e go say bitcoin is a scam, but when you make your research and understand the way of bitcoin you will know that bitcoin is not a scam but I really know say bitcoin is a real thing, but is how to apply it to results good thing for you, at first you have to understand the basics things of bitcoin and you have to know that when you go into bitcoin you need to making a research of Bitcoin so that you will not experience loss when you invest, but everyone knows that all investment is a scam.

Don't you think before anyone goes into any investment s/he should be aware of what he is doing before going further to make investment. Any investment that you are making that doesn't involve risk is likely too risky to invest because all investment be it digital or physical investment all involves risk, that is why we must know all these things first before investing on them, when you are prepared about the investment there is no way you would call the investment scam because you already aware and knows things that are associated with the investment, people calls it scam because they don't know what it's and how it works.

I don see many people who go into investment just because e people wey e dey work with just invest and make money,  people now no dey try to know something finish before them jump to conclusions, and wetin and dey try tell you have brought many setback from people, so wetin dey make people to derail for investment is when they no think well and make their own investment for the thing they wan do before they do am, if you wan be successful for investment we you dey do what you need to do is to ask questions so that you no go run enter the hands of scammers.