Is buying Bitcoin safe?

[Ricardo11]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Buying bitcoin is safe, it is left for you to use the right wallet and to keep your seedphrase well. Safety in bitcoin depend in you on the knowledge you have about bitcoin. If you are asking if bitcoin is sage for you to invest, of course it is very safe for you to invest,  you can make your research.  If making your own research which will make you to have better understanding to buy bitcoin can't convince you for you to buy bitcoin,  then you don't even need to listen to anyone for you to buy bitcoin.

It will be best for you if you do your own research and understand bitcoin very well, it's value , the volatility of the market. Having a good understanding of bitcoin, you will make decision by self and to know the amount of Bitcoin which you need to buy and invest.

In the case of investing in Bitcoin, you should first know everything about Bitcoin yourself. You should never invest in anything based on the words of others. In fact, investors who have a complete understanding of Bitcoin, and know the real potential of Bitcoin, never hesitate while investing. They never think about the price, and only invest according to the time of investment. There will always be market volatility, but if you know the real possibility of Bitcoin, then you will continue to invest ignoring this volatility.

[Wakate]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Buying bitcoin is safe, it is left for you to use the right wallet and to keep your seedphrase well. Safety in bitcoin depend in you on the knowledge you have about bitcoin. If you are asking if bitcoin is sage for you to invest, of course it is very safe for you to invest,  you can make your research.  If making your own research which will make you to have better understanding to buy bitcoin can't convince you for you to buy bitcoin,  then you don't even need to listen to anyone for you to buy bitcoin.

It will be best for you if you do your own research and understand bitcoin very well, it's value , the volatility of the market. Having a good understanding of bitcoin, you will make decision by self and to know the amount of Bitcoin which you need to buy and invest.

In the case of investing in Bitcoin, you should first know everything about Bitcoin yourself. You should never invest in anything based on the words of others. In fact, investors who have a complete understanding of Bitcoin, and know the real potential of Bitcoin, never hesitate while investing. They never think about the price, and only invest according to the time of investment. There will always be market volatility, but if you know the real possibility of Bitcoin, then you will continue to invest ignoring this volatility.

Investing in Bitcoin is quite safe and op need to understand that their are some mediums you might choose to purchase Bitcoin that can make you loss your funds. Bitcoin is a safe asset that can make you a millionaire if you know what you are doing by investing for a long time term purpose. Those that would not make quite a good amount investing in Bitcoin are those that don't have huge amounts of money to buy Bitcoin and hold as the price keep going down and up. Is it best to buy Bitcoin from an exchange or through P2P that is reliable. The price of Bitcoin can increase at any time which is why we need to hold if we truly wants to make money as an investor.

[RockBell]

In the case of investing in Bitcoin, you should first know everything about Bitcoin yourself. You should never invest in anything based on the words of others. In fact, investors who have a complete understanding of Bitcoin, and know the real potential of Bitcoin, never hesitate while investing. They never think about the price, and only invest according to the time of investment. There will always be market volatility, but if you know the real possibility of Bitcoin, then you will continue to invest ignoring this volatility.

It is better for them to prepare there time and that way they will be able to study bitcoin very well because when you don't have knowledge how would you be comfortable with investing in what you don't have idea about because you see people investing you also want to invest nit because you saw it as an opportunity to invest and then you know the right steps to take that is how people with foresight behave before investing.


What surprises me is how people have interest but they don't want to pay the sacrifices and it is even interesting when you make your own research before investing but a lot of them are always driven by what they see people doing and getting forgetting that those people might have started a long time ago but they just want to start making instant money and there is no free money in investing in bitcoin. To me with your research you should know its the safest.

[Popkon6]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Investing in Bitcoin is the safest because it has been in the market for a long time with reliability. If you can continue to invest in it correctly for a long time, then you will definitely have the chance to achieve the most success. If you never invest in Altcoins other than Bitcoin, then your investment is more likely to fail.
And if you invest in Bitcoin, your investment will definitely reach its results, because it has been in the market for a long time with reliability and its price will increase more in the future. So I say investing in Bitcoin is safer than keeping money in the bank.

[Tmoonz]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Yes buying Bitcoin is safe and you can buy after ensuring your basic needs are taken care of because that's is the only way you can buy and hold, Below is the link to 9 principle factors and guidelines written by one of the reputable forum member that will also give you enough information that will help you in your Bitcoin accumulation journey, do well to read and comprehend, other users has said so many things you should also take note of. the 9 principle factors by jayjuanGee

[AmaGold70]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

I'd say yes it is safe, but just like every other investment it has its risk too. Buying Bitcoin is a big decision so it's natural to feel nervous or unsure, lots of people have bought Bitcoin and are doing just fine with the right decision and research actually. About when to buy Bitcoin, I'm not an expert in that but I know some people like to buy the "dip and hold" hoping to catch a good price when the market drops.

[Z_MBFM]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Buying Bitcoin is definitely safe if you want your financial freedom and security of your money. But you can't be safe by buying bitcoins for a short period of time. Because it is a volatile currency, the price may drop from your purchase price at any time. In that case you will be at a loss and if you have an emergency to sell those bitcoins then considering that your money is not safe. But if you want to buy bitcoin with long term holding plan then buying bitcoin is definitely safe.  When you buy Bitcoin think of it like a real estate asset, just like a real estate asset that no one can or does sell at any time, one has to think of Bitcoin the same way.  So in that case you can buy bitcoin anytime.

[justinlamode]

For majority of people who have been long in this space, Bitcoin constitute the largest portion of their portfolios, what that means is that they consider Bitcoin safe and reliable unlike many other cryptocurrency that can fail as time passes. If you pay attention, we have Bitcoin OGs whereas there is nothing like that for the other cryptocurrency. Bitcoin keeps getting better with time and the longer you hold, the more profits your portfolio will give you.

[|MINER|]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Buying bitcoin is safe until you are crossing your limit I mean the fund you can afford to lose.

I mean when you are earing the 2000$ per month and if you make investment of 1700$ fund on bitcoin regularly then I think investing on bitcoin for you is not safe because of just the volatility.

And you should be aware of the bull and bear season and then even if you invest here small fund and if you can hold for the long-term like 4, 8 or more then I think bitcoin investment is safe for you.

[GbitG]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

I think you should need to elaborate on your question a little bit more. Like literally what you mean. Are you asking that Bitcoin is a safe investment (statistics-wise) or if Bitcoin is the safest by its own capacity (decentralized, scarcity and privacy, etc.)?

If your question refers to investment plan then in my opinion there is no safer investment than Bitcoin in long term perspective. Because by using it, you have been able to earn profit by just buying Bitcoin, like  in long term, you can organize very good profit margins from it in at least 5-10 years. And if your question refers to the nature of Bitcoin. So understand that Bitcoin owns the best tech. Immutable in digital form with a supreme privacy stance. Hopefully, you will know that Bitcoin is safe. Whether it is used for investment or used as a tool, it is worth mentioning in both ways.

[SuperBitMan]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Bitcoin is the best crypto coin in the world and one of the best investment right now in the world, and buying Bitcoin and holding is very safe the reason why I said is safe is because Bitcoin is a fast growing asset and if you start accumulating and holding now in the future you will make good profit from it, if you go through the history of Bitcoin growth you will know that truly Bitcoin is a good asset to hold unlike Altcoin, it is true that Bitcoin is volatile in nature but Bitcoin volatility those not stop it from growing there was a time Bitcoin was $1k from that to $5k from that to $10 and now is very close to $100k, Bitcoin is always growing is not like Altcoin that don't grow, some Altcoin coin has been in a particular amount for years now the only time they get a rising and falling state is when they lunch them after that time it becomes stagnant.

About your question that when should one buy Bitcoin, There's no time that is given for one to start accumulating Bitcoin except you are a trader because traders they usually buy when there's a dip and then sell when Bitcoin rises in a very short period, as an investor there's no right time to start Accumulation as long as you have the financial strength to accumulate you can start, is not actually good to wait for a dip before you can start accumulating because it will delay your accumulation journey.

[ChocolateBitcoinK]

For majority of people who have been long in this space, Bitcoin constitute the largest portion of their portfolios, what that means is that they consider Bitcoin safe and reliable unlike many other cryptocurrency that can fail as time passes. If you pay attention, we have Bitcoin OGs whereas there is nothing like that for the other cryptocurrency. Bitcoin keeps getting better with time and the longer you hold, the more profits your portfolio will give you.

Yes, Bitcoin has become valuable over time, and it will continue to improve in the future, but these occasional corrections will always be there. That is why it is better to move forward consistently, without considering such corrections as anything. Because Bitcoin will never end, Bitcoin is not a shitcoin, therefore there is no slightest possibility of Bitcoin disappearing. Bitcoin is eternal, and Bitcoin improves over time. Therefore, investors who invest patiently, they reap the fruits of Bitcoin's true potential.
So do not be distracted by short-term market fluctuations, keep holding with a long-term perspective, the larger the portfolio, and the longer you hold, You have the more potential to be very profitable.

[Belarge]

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run 

WTF
Where did you get this inspiration from?
I guess there are a lot of inspiration dished over there in prison and hope you’ve learnt your lessons not to buy bitcoin incase you’re released 😂

Op, it is safe to buy bitcoin Except your country frowns at it then you must have to be extremely careful while dealing with it so you don’t have to fall victim of your country’s law.
You can buy bitcoin on exchanges and also with your debit card and also through p2p but always make sure to be careful while buying on exchanges especially through p2p as a newbie as there are a lot of scammers out there on the p2p looking for who to devour.

[Churchillvv]

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run 

WTF
Where did you get this inspiration from?
I guess there are a lot of inspiration dished over there in prison and hope you’ve learnt your lessons not to buy bitcoin incase you’re released 😂

I'm still typing from my prison laptop but anyways it seems bitcoin is becoming safe to buy now.

Additionally, @Op bitcoin just got some big dips so it's probably more safer to buy now and buying bitcoin is very much safe if only you're doing it from a legal environment where it's crypto or bitcoin friendly.
So if you want to buy bitcoin you should do that basically I guess that's what exactly the forum is might for and perhaps you must have the idea or believe in bitcoin before signing up here. Buy bitcoin it's safe and keep in a safe wallet.

[Rhow]

I have been researching for a few days and have understood a lot. And many things are now known to me.

I have seen many people insist that investing in Bitcoin will not harm you. You will always benefit. Many people also say that investing in Bitcoin may lead to legal action. But why? Is Bitcoin really so harmful?

[Africolo]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Investing in Bitcoin is the safest because it has been in the market for a long time with reliability. If you can continue to invest in it correctly for a long time, then you will definitely have the chance to achieve the most success. If you never invest in Altcoins other than Bitcoin, then your investment is more likely to fail.
And if you invest in Bitcoin, your investment will definitely reach its results, because it has been in the market for a long time with reliability and its price will increase more in the future. So I say investing in Bitcoin is safer than keeping money in the bank.

We have our personal planning and target in crypto market, the system also have some ugly incidence infront for us. To be on a safer side, we examined the market thoroughly and ensure we're having what it takes to invest, remember to always follow price action and explicitly not trends, because this will only rule out sturdy execution.

Investing in Bitcoin is not safe, it's also risky to put all hope on a project that will not bind us close to our targets, some of us starts growing doubts and will do everything within our reach to ensure we don't repeat such mistakes. Buying and stalling Bitcoin in Port folio for longterm, that pattern is welcome but as we might have it, we order these investments following the pocket size at our disposal. The market consists of more volatility than one could possible think of. Bitcoin is accessible for everyone in the space, we do what we think is right and emphasis on gaining ground and profits.

[Callido]

I have been researching for a few days and have understood a lot. And many things are now known to me.

I have seen many people insist that investing in Bitcoin will not harm you. You will always benefit. Many people also say that investing in Bitcoin may lead to legal action. But why? Is Bitcoin really so harmful?

From your concluded research, which side are you on? Do you agree with them that Bitcoin is harmful?

If you have read so much and understand a few things why people case Bitcoin to be harmful then you should have much to say concerning  the subject, enough details have been discussed only that people refuse to take important information that will help them in the process of investing, they discard the most vital discussions, you don't need to be same, put yourself together and do what's best, Bitcoin isn't illegal neither unsafe at any point.

[Hazink]

I have been researching for a few days and have understood a lot. And many things are now known to me.

I have seen many people insist that investing in Bitcoin will not harm you. You will always benefit. Many people also say that investing in Bitcoin may lead to legal action. But why? Is Bitcoin really so harmful?

Bitcoin is not harmful, although you need to run your research even deeper than you have done currently to know exactly how Bitcoin works. If they are talking about being harmful, it could be in a country where it's not allowed to own Bitcoin; in a country where it's a crime to do that, it can land you in trouble with your country's government, and not with Bitcoin. In general, it's safe to own Bitcoin if you know what you are doing and how to securely hold it.

[Scarlett_23]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Bitcoin is a technology-based system. It runs on the block chain system. While other currencies can be hacked, it is impossible to hack Bitcoin because it is made on the block chain system. Here, transactions are very easy and anyone can do it smoothly. Since it is decentralized, the person owns it and no one else has any control over it. Again, if someone buys Bitcoin and holds it for a long time, he will improve a lot.

Despite all these advantages, there are some disadvantages here. It would not be right to call it a disadvantage here, but to talk about the personal carelessness of the person. Because Bitcoin is a volatile platform.

Here, the price can increase in an instant and the price can also decrease in an instant. If a person gets confused or disoriented and sells his Bitcoin after seeing this, he will be doing something like hitting himself in the foot. Again, if someone is not careful about fake websites, pyramid schemes and phishing scams, it is his failure.

[Popkon6]

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

I say buying Bitcoin is legal, but depending on the place of the person who buys it, it will be marked as legal and illegal. In many countries, buying Bitcoin is illegal because that country does not support Bitcoin. But in the country where I live, if you use Bitcoin in this country and the government of the country finds out, then you can definitely put me in jail, we are secretly using Bitcoin.
But in all the countries where Bitcoin is legal, they are using Bitcoin safely, they are openly buying goods and services with Bitcoin. And many people are holding Bitcoin for a long time.