Things you need to know before investing in Bitcoin

[JoyceBTC]

First thing you actually need before investing in Bitcoin is knowledge, you can have the money and still end up doing the wrong thing which might cost you your capital...Take out some time to work on learning about that crypto market so that you would be able to identify things that are fraudulent so you don't fall for a Bitcoin scam...patience is key and without it you might not benefit much from it

Thank you very much for this point you just made, cause it will be helpful to some of us here that are new to the bitcoin world. The OP made mention of having money and patience, that’s a good one but without the crypto knowledge it will definitely be hard to strive through.

Same thing applies to when you want to get a product without having knowledge of how to use the product even when you have the money. You can buy the product and end up regretting why you bought it because you don’t know how it’s properly used or the product might tend not to last for the period it’s supposed to because it’s been misused.

So making research is necessary before investment.

[Agbe]

The basic foundation for bitcoin investment is to first build knowledge about the market and taking the time to study the market well enough before buying your first bitcoin, and as you proceeded make sure that you keep researching and studying various timing in bitcoin market volatility and put aside emergency funds that will make you less pressured when the market goes against your predictions, since at this point most people expect positive reactions from bitcoin since bitcoin already build a name for itself around over the years.

That is key for anyone to successfully invest in Bitcoin the First step as far as am concerned is having a good knowledge base which will be greatly helpful to such a person, people should rather invest in acquiring a good base to start which has to do with getting a good information about Bitcoin before investing into it.

[Pressurizedem]

While investing in bitcoin, don't invest expecting everything to just happen the way you want because you will always get heartbroken if you place your full hope on the investment made.
We know there is alot of risk involved in trading or investing, but we still need to take the risk in order to move to a greater height. Risk takers are future leaders, and those who refuse to take calculative risks today will regret not taking risk in future.

[Makus]

E dey every ok to know all these things as e go prepare our minds for both the difficult and the happy times but most of those things people fit actually learn them after them don make their bitcoin investment for instance person fit don make em first investment before e go realize e need to dey pump in more and more money because the more your investment the more profit you make. And e go dey goo when we follow the use of discretionary income take invest so that we no go dey panic anyhow when money finish for our hand to the extent of thinking of selling some of our bitcoins.

[RockBell]

While investing in bitcoin, don't invest expecting everything to just happen the way you want because you will always get heartbroken if you place your full hope on the investment made.
We know there is alot of risk involved in trading or investing, but we still need to take the risk in order to move to a greater height. Risk takers are future leaders, and those who refuse to take calculative risks today will regret not taking risk in future.

People are always having very high expectations when they are investing in Bitcoin, and the funny part is that most of them is not been long that they invested, and they are expecting their return in a very short time, so all this needs to be understood, bitcoin does not bring fast money so it as gotten to the point that this have to be made clear people have to wait for a longer period to make profit from investing in it,  and people need to prepare there mind before waiting for profit and that is why people will have to learn that bitcoin is not a scheme but a investment, people are always expecting profit the moment they start investing.

[programmer3666]

While investing in bitcoin, don't invest expecting everything to just happen the way you want because you will always get heartbroken if you place your full hope on the investment made.
We know there is alot of risk involved in trading or investing, but we still need to take the risk in order to move to a greater height. Risk takers are future leaders, and those who refuse to take calculative risks today will regret not taking risk in future.

People are always having very high expectations when they are investing in Bitcoin, and the funny part is that most of them is not been long that they invested, and they are expecting their return in a very short time, so all this needs to be understood, bitcoin does not bring fast money so it as gotten to the point that this have to be made clear people have to wait for a longer period to make profit from investing in it,  and people need to prepare there mind before waiting for profit and that is why people will have to learn that bitcoin is not a scheme but a investment, people are always expecting profit the moment they start investing.

many new investors kind of enter bitcoin with the wrong mindset just thinking it is a quick and sharp money making opportunity. but to be honest bitcoin has always been more of a long term play for serious investors!! anyone that is expecting instant profit will just end up frustrated or even panic and sell when the market dips in a scary manner. i think the best way is to just treat bitcoin like a long term investment, understand the volatility and only put in what you can afford to leave untouched for like many years because that is the only way i belive someone will make resonable profit out of it. the thing is if people can adjust their mindset from that fast profit mentality to like long term value projection surely they a better chance of benefiting from bitcoin growth becuase i still believe the best of the market is yet to come.