Bitcoin

[Hyphen(-)]

1: How do i mine bitcoin?
2:How much money do i need to invest in bitcoin?
3:How old do i have to be to start mining bitcoin?

These questions are very good questions for a beginner that is ready to go into Bitcoin and cryptocurrency in general, so that you will have proper knowledge about Bitcoin and cryptocurrency.

If you go through the response of this thread, I think all the necessary steps are been listed, and some important materials are also recommended; if you lead read them well you wil get to know Bitcoin very well and how it works.

On the amount to invest; make sure you only invest any money you can afford to lose, do not take loan to invest in Bitcoin, and moreover, you can also be investing particularly using the DCA in order to accumulate more Bitcoin at any price range.

[reagansimms]

1: How do i mine bitcoin?

How to mine bitcoin requires special software and hardware as well as large electrical power, so you can't use the PC that is used at home. Mining Bitcoin is not as easy as it seems because mining bitcoin is a process of solving complex mathematical problems.

2:How much money do i need to invest in bitcoin?

Depending on the funds you have and are ready to bear the loss, there is no specific nominal in Bitcoin investment because you can buy Bitcoin in small units (Satoshi).

3:How old do i have to be to start mining bitcoin?

Age is not a benchmark, knowledge plays the most important role in starting Bitcoin investment, as long as you understand the steps to invest safely, you can do it at any age.

[Alphakilo]

2:How much money do i need to invest in bitcoin?

The money that you know that you are one hundred percent certain that it is lost to fall in bitcoin price you are emotionally, financially, and physically prepared to deal with it. The range could be from anywhere 3% - 10% of whatever inflow of cash you receive. The word inflow of cash could refer to anything from income, cash gifts, profits on a business etc.

This investment in bitcoin could be every day, week, month, they are not cast in stone therefore the choice is up to you to choose the frequency of your investment. There are people who are raising the bar higher and putting a 100% of their savings into bitcoin. But I got this advice from franky1 yesterday which is worth sharing with you just for you to keep in mind.

keep atleast 1month of income as savings for emergency.. then you will be less panicky to sell investments when life stuff happens or markets change
dont rely on your wealth stash/bitcoin when life gets tough, keep bitcoin investment separate(like a pension you cant touch for years even if your in debt)

[Pi-network314159]

Hi, im totally new to bitcoin so i have a few questions and i hope some of you could answer.

1: How do i mine bitcoin?

For now you don't need to mine bitcoin as the process is becoming harder. You just need to buy bitcoin and store for future porpos.

2:How much money do i need to invest in bitcoin?

You can Start as low as $10 through DCA strategy. And That is if you have something that gives you income on a regular basis. Either weekly or monthly to be able to keep up the investment.

3:How old do i have to be to start mining bitcoin?

For me I would say 15 years is ok provided you have started seeing money. Afterall there are rich celebrity kid who are not upto 15 years and yet they are rich. I will even say even if you are 12 years but your are financially strong then you are good to go, because investment is not about age but being financially capable to invest. Except such person doesn't have money at tender age then they can invest when they are 15 to 17 years above.  When they have started seeing money.

[Bd officer]

2:How much money do i need to invest in bitcoin?

It will totally depend on you. There is no rule to invest in bitcoins that you have to buy bitcoins with so much money. You don't have to buy 1 bitcoin, you can invest as per your ability. Now not everyone has the ability to buy bitcoins with a lot of money, so if you slowly invest as much as possible in the DCA method, you will see that the investment amount will be quite large at some point. So keep investing in DCA method as much as you can. And remember to invest as much as you can afford to lose.

[DiMarxist]

2:How much money do i need to invest in bitcoin?
3:How old do i have to be to start mining bitcoin?

Let me also add more information to the question 2 and 3. Like me I am investing $30 and above every month but if you don't have money like that you can be investing less whenever you have money through the DCA method so that you won't bother yourself much to invest with a specific capital to kick start. Bitcoin investment is one of the nice business to do with a small capital as $5 and above. But the more you buy the more profit you have whenever the price rises.
Then as for the third question though I am not a miner but a good knowledge is needed and not a basic knowledge. It is only in the investment that you need the basic knowledge but not on the mining. If you are 10 years and you have the expertise knowledge of mining then you can mine. But don't rush into any of them but study them for sometimes.