What should a newbie do in bitcoin investing?

[Coyster]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

You are already starting off on the wrong path, from your post it is evident that you see bitcoin as a get rich quick scheme and it is not so, i don't know what exactly your friend has told you about bitcoin, but it is not a money making scheme. There are quite a lot of things you need to understand about bitcoin before you even talk about making ROI from it.

Having said that, you have to do most of the research yourself, very few people will give you investment advice because of the ramifications involved in it. Just get to understand bitcoin better and things will be clearer to you.

[Mayor of ogba]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Yes, bitcoin investment is a way to get good profit in the future. But before you start your investment in bitcoin, I want you to understand that bitcoin investment is not a quick-to-get-rich scheme, so you need to start up your bitcoin investment with the money you can afford to lose or with the money you will not need for like 4-10 years or more, which will allow you to hold your bitcoin investment for a long term to get the good profit that bitcoin investment brings in the long run. You also need to set aside emergency funds, which allow you to always sort out your unforeseen problems whenever they arise so that you will not depend on your bitcoin investment to solve them.

[nakamura12]

It is possible that bitcoin will let you earn high profit but it depends on how much you are willing to risk and the type of investment you want. For a newbie, gaining knowledge should be your first priority and then ask questions to experts or those who have experience about investing. Anyway, you shouldn't think about bitcoin that it is a way to get rich very quickly as Coyster have explained, bitcoin is not a get rich quick scheme. One more thing, don't dive into an unknown body of water it is very much the same in cryptocurrency since there are lots of crypto especially tokens or memecoins.

[Miles2006]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Yes definitely, make some research about bitcoin past event and market movement you’ll observe bitcoin is a valuable asset not a random altcoin, aside the market circle people fail to understand because past performance can’t always determine future price. What people also fail to understand is getting a quick profit, it’s possible yet the risk chance is not suitable for anyone mostly newbies, let’s not fast forward things since you’ve not mentioned quick profit just wanted to point this information out. Buy and hold using any strategy of your choice either lump sum or dca, dca is more common in bitcoin investment and allows a healthy investment practice monthly or weekly depending on your income secondly plan towards saving an emergency funds in times of difficulty meaning this funds stand as a backup funds.

[Tmoonz]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Firstly you are welcome to Bitcointalk forum, and responding to your question I will say that it will be very good for you to know that Bitcoin is volatile in nature, it goes up and also goes down and at such building your psychology towards that will help you a lotamd more so the amount of profits to get in Bitcoin solely depends on the size of your Bitcoin and how long you were able to hold because Bitcoin investment is best when viewed on a long term perspective considering the fact that there is higher chances of Bitcoin increasing it values over time which is very much justifiable, as a newbie making use of the DCA strategy will help a lot since it will make to have Bitcoin while learning more, ensure you build an emergency fund and consistently invest with the dca While figuring out what the future holds.

[Rockstarguy]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Bitcoin investment is very profitable when you go into longterm investment, and getting a high return of profit depends on how much you invest and how long you can hodl bitcoin. If it is profit in bitcoin you can get it but you need to understand that bitcoin is not a quick rich investment,  and it is an investment that is unpredicted. If you want to get profit you must prepare your mind for long-term investment and if you want to invest with ease to be consistent you can try DCA method of investment , this will enable you to meet up with your investment and to get a better return of profit in the future.

Before you go into bitcoin invest try as much to understand the volatility of the market frist, when their is better understanding of bitcoin,  I don't think you will have any difficulties in investing bitcoin.

[acroman08]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

It can give you high profits but it has a lot of risks and it is extremely important to not ignore them. a lot of people will say Bitcoin is a good investment and a lot of people will say that it isn't, if you plan to invest in Bitcoin I would suggest reading around this forum or outside the forum about Bitcoin to educate yourself about it and all the things that come with it.

[Finestream]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

If you’re still a newbie, I suggest don’t rush into investing but acquire basic knowledge first and vital information. Invest first on your own. That way, you will be aware about the do’s and dont’s when it comes to bitcoin investment and avoid future losses and disappointments. And by studying the forum and learning from the experiences of other investors, little by little you will gain crucial information that will help you become a good and successful investor.

[GeorgeJohn]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

is obvious that bitcoin investment is very important for someone who knows about Bitcoin at the whole knows how to manage profit and loss, I know very well that when it come in terms of Bitcoin it is obvious but many people is parents profit and the also many people experience loss during the process of investment, so I can not assure you that bitcoin investment will make you to be out poverty, anyone is giving you such theory is a liar, but I know vividly that bitcoin investment give Profit when you how to invest and timing of bitcoin, the risk that's involved in bitcoin investment is much and you may experience loss for the first time of investing.

[2Pizza410000BTC]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

You haven't misheard what you've heard from people you know. If you take a good look at Bitcoin's inception to date, you can see how much Bitcoin has grown over the years. Bitcoin is definitely a good investment but you need to go long with the investment. If you can't control yourself by investing for a short period of time and seeing small profits, you won't be able to profit from investing in Bitcoin. To get high profit from bitcoin investment you must hold the investment for a long time only then you can get high profit.

[Samlucky O]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

It depends on what you consider as profit. in my own point of view, the amount of bitcoin in your possession and how long you are able to HODl it determines your level of success in bitcoin investment. Surely most guys bought bitcoin when it was cheap 7 to 8 years ago now they have made quit a huge profit. but now people who baught today may not be as successful in 6 to 7 years from now as those who bought 7 to either years ago. Because bitcoin will not grow rapidly as it was way back. But there must surely be a different after some years of maybe 10 to 15 years above.

[Tmoonz]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

It depends on what you consider as profit. in my own point of view, the amount of bitcoin in your possession and how long you are able to HODl it determines your level of success in bitcoin investment. Surely most guys bought bitcoin when it was cheap 7 to 8 years ago now they have made quit a huge profit. but now people who baught today may not be as successful in 6 to 7 years from now as those who bought 7 to either years ago. Because bitcoin will not grow rapidly as it was way back. But there must surely be a different after some years of maybe 10 to 15 years above.

I don't agree to this I mean what are yours hypothesis to backup this claim that Bitcoin will not grow anywhere close to as it was way back in the the future, the market will remain uncertain such that when it comes to growth no one can completely rely on any source of hypothetical believe that Bitcoin may or may not grow as rapid as it was now and in the future time, but yeah we can keep hovering around predictions and speculations which i have no problem with, let keep the buying and worry less about what the future holds because the future will only speak for itself, it is just time.

[God Of Thunder]

Yes, bitcoin is a good investment newbies can earn a nice income that will motivate he or she to increase their capital in bitcoin investment, but you need to learn bitcoin investment to have the knowledge because without the knowledge of bitcoin investment, there is no way you can earn a good income in the future no matter the huge amount of funds you have invested, once you have the knowledge of bitcoins investment, wait for the bear market to come before you can buy in a low price and hold for long term for bull market to show up, and you will have the opportunity to earn what you want from the bitcoin investment.

There is not much to learn about Bitcoin investment. Most people on the internet will suggest the same investment method: the Dollar cost average. People have to be mature and able to control their emotions to invest in Bitcoin. Or one has to be careless with their investment and can forget about his investment and let it grow for them. There are a lot of people who enter the market late and end up losing their investment.

People who invested in 2021 are in profit right now, regardless of whether they bought BTC on ATH or not. But believe me, many people sold their Bitcoins once they started to dump because they thought Bitcoin would dump further and that they would never be able to recover their investment. All they needed was some patience to hold the Bitcoin.

[Infek]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

First of all, you should always invest money that you don’t mind losing. Secondly, if you plan to invest money in bitcoin, then you should forget that you had this money. And thirdly, remember about the money 3-5 years after you invested it, this will be your investment in which in most cases you will be in the plus.

[ultrloa]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Don't come up easily on a conclusion that bitcoin can easily give you a high profit. You must know that bitcoin is still a high risk investment so before paying attention to much on possible profit you can get from this coin, maybe better if you familiarize first the risk you might encounter.

Also don't easily believe on claims that you can get high profit if you invest in bitcoin since sometimes this things you want is sometimes hard to happen knowing bitcoin is so volatile asset.

Maybe for now do more research then don't get shy to ask people and know their opinion since its helpful if you ask for feedback or clarification on some things you want to know.

[Ever-young]

Yes, bitcoin is a good investment newbies can earn a nice income that will motivate he or she to increase their capital in bitcoin investment, but you need to learn bitcoin investment to have the knowledge because without the knowledge of bitcoin investment, there is no way you can earn a good income in the future no matter the huge amount of funds you have invested, once you have the knowledge of bitcoins investment, wait for the bear market to come before you can buy in a low price and hold for long term for bull market to show up, and you will have the opportunity to earn what you want from the bitcoin investment.

It seems that you are just mixing everything up together, like confusing the whole Bitcoin investment thing.
 
If someone has the knowledge of how to save their bitcoin in a well-secured place without compromise and they have the money to invest in bitcoin, all they need is to buy and hold for a long period of time.
 
No extra class is needed to multiply the investment once the bull run comes and price increases. Profit will be added to the amount that the person holds, and if they want to cash out like others, they will enjoy the profit.

[Peanutswar]

.. Is bitcoin actually able to give me a high profit?

what is your goal in having Bitcoin? if you want to gain a high profit consider trading as your priority to earn money, but of course with the knowledge and skills in technical analysis, indicators patters, and basic charts. Now if your goal is to hold a bitcoin for the long term, buy low and sell high, or even with the DCA is the most suitable strategy but again it depends on your investment doesn't mean that you make a small amount you will gain a 1000x multiplier its not the same with the meme and shitcoins. If just basic hold you will feel the gains once you have a large scale of capital but the market is volatile so do expect a large down too.

[laijsica]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

First of all, you should always invest money that you don’t mind losing. Secondly, if you plan to invest money in bitcoin, then you should forget that you had this money. And thirdly, remember about the money 3-5 years after you invested it, this will be your investment in which in most cases you will be in the plus.

That's why an investor should make investment decisions based on disposable income and it is more important for new investors to determine whether he can accumulate bitcoins based on his ability to use his capital. Investors who have floating cash can make lump sum investment decisions based on their affordability and this decision can give them huge profits in the future. This approach may be useful for experienced investors who are particularly knowledgeable about Bitcoin. Also, those who are new to Bitcoin investors should make investment decisions in such a way that they do not regret it even if the price goes down and are advised to deposit from a portion of disposable income. Longer term deposits should tend to run ie multiple cycles or 4-10 years.

[SOKO-DEKE]

Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?

Suggest and help me to move forward.

Actually, someone can make reasonable profits from Bitcoin investment, but that will depend on how much someone invested and also how long the person will be able to hold onto it. Bitcoin investment is not a "get rich quick" scheme, so one has to have enough patience if they really want to make a good profit from it.

One reason why someone needs patience to profit from Bitcoin investment is that Bitcoin has both bear markets and bull runs. The bear market is a period when Bitcoin price stays low until another Bitcoin halving occurs, which happens every four years. After this, a bull run usually follows, where Bitcoin price rises significantly. If someone can hold Bitcoin for a long time and witness multiple halving, they will likely experience several bull markets, which can increase Bitcoin value.However, as a newbie, it's essential to learn about Bitcoin before you start investing, especially regarding how to secure your Bitcoin investment.

[sunsilk]

You should have asked that well-known person of yours so that you could have some idea already. Bitcoin isn't going to make someone rich quick by just investing on it and if when someone just told them to.

The essence of knowing what you are investing is very important. Everyone here including me will tell you to invest in Bitcoin but, you need to understand what you're doing with your money. That's called being responsible.

What do you mean by high profit? like you're going to be rich just after placing your money? no.

It is high market cap already and if you'll only invest a couple of hundreds, it won't give you that much, this is the truth about Bitcoin on this stage.