First step required for a beginner in bitcoin investment

[Zackz5000]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

Some may be investing in shitcoins thinking it's Bitcoin because sometimes it pump up and those who are lucky will sell and then make some big profit while others also loss their money. Don't use because of what people said and invest in Bitcoin without understanding how Bitcoin investment works, always know that Bitcoin is a volatile asset maybe the up and down signals you see is the market movement. Bitcoin doesn't guarantee us profit as you can loss or also make profit but cheeking back 5 years ago and now you will see an increase in the price of Bitcoin this means that if an investor accumulate Bitcoin and hodl for years he may make profit from it in the future also know that you must invest with your discretionary income which is money you can afford to loss.

[CryptoHeadlineNews]

I am talking from experience because I have refer people to this forum and today they are no more active, I blamed myself for even wasting my time, I judge them wrongly, thinking they have same vision as mine.

It seems they did it all for quick money and Bitcoin isn't such.

But do you know that a person might no longer be active on this forum and yet be an active Bitcoin investor who uses it frequently? Do you know that??. So you comparing the people you once invited to this forum and left with O.P who is literally what are the first step required as a beginner in Bitcoin investment doesn't rhyme at all. Because  it is very possible that the O.P of this thread might just decide not to be active on this forum after learning all he needs to invest securely in Bitcoin and then start investing massively with Bitcoin off the forum. And in such situation, you definitely can't call the person a failure simply because he/she doesn't continue with the forum. Because inasmuch as they continue investing in Bitcoin, hold it for long term. That's the most important thing. Because not everybody can have the patience of growing account here. Some might be good at trading future, spot and arbitrage.

[Deegodstime]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

Some may be investing in shitcoins thinking it's Bitcoin because sometimes it pump up and those who are lucky will sell and then make some big profit while others also loss their money. Don't use because of what people said and invest in Bitcoin without understanding how Bitcoin investment works, always know that Bitcoin is a volatile asset maybe the up and down signals you see is the market movement. Bitcoin doesn't guarantee us profit as you can loss or also make profit but cheeking back 5 years ago and now you will see an increase in the price of Bitcoin this means that if an investor accumulate Bitcoin and hodl for years he may make profit from it in the future also know that you must invest with your discretionary income which is money you can afford to loss.

Getting deeply involved in business one has know knowledge about is the beginning of failure to all newbies in Bitcoininvestment. From the little experience i have gotten from this forum, I know before investment should be done in bitcoin there must have a well established knowledge about bitcoin to avoid investing in such coins that are pumped just to lure people to investing in it. This mistake of investing in such random coins that made most people lose there capital in bitcoin i why I find it difficult investing until I got briefed lessons from the friends in this forum.

[Renampun]

There are so many beginners who get stuck on what they see on their social media, where they see crypto influencers sharing their profits and wealth. these beginners immediately get excited to put their money in, believing they can become just like those influencers.., and in the end, they just sit there in false dreams with their red portfolios.

if you want to start with Bitcoin, don't look at what other people are getting, but study it first and then decide to get involved. if you rush in without good understanding, you won't get it and you'll think that Bitcoin is just like forex trading.

just take your time to learn about Bitcoin. you're already on this forum, so it should be much easier for you to learn. eventually, you'll understand that investing in Bitcoin isn't as complicated as you think.

[Inior]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

You can start by making research on what bitcoin is and then a beginners guide on how to invest in bitcoin. Learning these things about bitcoin is super anyone who just pays attention can understand how the system works without spending money for a tutor, besides there are also videos on streaming platforms like YouTube that can break the explanation down to the simplest form for better understanding so feel free to check them out. Lastly when you start investing in bitcoin ensure to use a wallet to hold you coin not exchanges, keep your seed phrase safe and hold for long term.

[UchihaSarada]

You can start by making research on what bitcoin is

What Bitcoin is can be explained simply by this one.
https://www.lopp.net/bitcoin-information/bitcoin-explained.html

For more information and education about Bitcoin for beginners.
Getting started with Bitcoin https://www.lopp.net/bitcoin-information/getting-started.html
Learn Bitcoin for beginners https://learnmeabitcoin.com/beginners/

More technical
https://learnmeabitcoin.com/technical/
https://github.com/bitcoinbook/bitcoinbook

and then a beginners guide on how to invest in bitcoin.

How to invest money in Bitcoin and how to withdraw your profit
https://costavg.com/
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

[Asuspawer09]

First thing to do is have knowledge about it understand everything about Bitcoin, investing, wallets, exchanges, crypto etc. Until you get to the point where you are already confortable and you could say that you know what you are doing, I mean it is surely better to start already with just a small amount, because knowledge is still different from experience there are a lot of things where you cannot really understand until you apply it, so start with a very small amount like 5-10$ because at this rate we could expect mistakes you dont want to go all out, you just want to make it comfortable and see your risk tolerance. The important thing is you already started and minimizing the risk since your not going all out.

From that, you are already getting comfortable and start building your portfolio for long term investment, try to stick on safe stuff like spot trading and long term investments after that then you could start learning other stuff on daily leverage trading where it has high risk, and you could lose some amount.

[KiaKia]

OP do you understand Bitcoin already or you are still struggling to understand Bitcoin? Before you invest your money on anything firstly make sure that you understand Bitcoin very well, this is the most important thing.

Many newbies will remain a newbie because they can't wrapped their head about what Bitcoin is and why they need to invest money on it, many newbies are unfortunately forced or influenced, they don't need it.

Here is a piece of advice, Bitcoin is not for everyone, even though it's a new innovation this doesn't mean that everyone should be investing on it, it's just like how stocks have been around for many years and millions of people still don't have any, they survived.

[MusaPk]

OP do you understand Bitcoin already or you are still struggling to understand Bitcoin? Before you invest your money on anything firstly make sure that you understand Bitcoin very well, this is the most important thing.

Many newbies will remain a newbie because they can't wrapped their head about what Bitcoin is and why they need to invest money on it, many newbies are unfortunately forced or influenced, they don't need it.

Here is a piece of advice, Bitcoin is not for everyone, even though it's a new innovation this doesn't mean that everyone should be investing on it, it's just like how stocks have been around for many years and millions of people still don't have any, they survived.

It's not only Bitcoin but every market require you to acquire sufficient knowledge of it, if you want to get success. Bitcoin is open for everyone because you can you don't need any bank account or any document in order to getting started with Bitcoin. Moreover Bitcoin investment is also not very difficult, you just need to follow DCA strategy for at least 4 years and you will get good profit. Bitcoin is not for those who want quick return on their investment. It's not doubt a profitable investment but in the long run.

[lovesmayfamilis]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

OP, I'll just answer you in your own words. By the way, what happened to your memory? You seemed pretty experienced a year ago, but now you've turned into a beginner. Have you forgotten that history doesn't disappear?

Selling now is not the best thing to do. Remember in 2015 Bitcoin experienced little drop in price that some investors sold there's thinking it has lost its value, before it climbed in 2016 and they begin to regret there actions. Now is the time to practice HODL with constant monitoring and invest more that DIP is still active. I strongly believe it will go up soon

In business the most important reason is to make profit that's why we involve in it. Although at times there can be lost in business also but the failure we encounter in it should not make us quit. The lost could be as a result of mismanagement or other related factors. Same is also  applicable in Bitcoin, once good approach is used in Bitcoin I think the chances of losing is minimal. The most important thing is to know when to apply the DIP principle and when to introduce HODL or short term investment. Once this simple rules are obeyed the chances of losing in Bitcoin is slime. because of this high profit and low lost I think Bitcoin is the best in as much cryptocurrency is consign

🤔, Oh yeah, I forgot it was you.

Skill : farmer

[Zigabel]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

What you need to do is learn and not to start throwing in your money already because you want to get started, if you are able to learn, you will understand the whole idealogy of Bitcoin and how these people you saw on your social media were able to get to the point they got currently.  Don't rush or hurry just yet, you have all the time and one good thing about Bitcoin is that, whenever it is you join, you are still going to make profits if you are doing the right thing.  You do not have to join immediate, what makes you successful with Bitcoin has a lot to do with what you know and not when you joined, so make sure you are learning first, then you are good to getting started.

[Doan9269]

Still confused till now now how to start making quality investment in bitcoin, going through my social media accounts I see many rejoicing on the benefits gotten from bitcoin and my mind is already made up to get started but finds it difficult starting because I don't know where to start from, all I can see i signs and signals moving up and down.

Take your time to learn and understand how bitcoin investment is before you set in, when you know the bearing you are taking and the direction at which you should go, every of your decision and steps taken will be on right moves, do they know the kind of investment you are going for, is it for a short-term investment as a trader or you are going for a long-term investment, no the risk involved and be able to have more in-depth on the strategies to be profitable regardless of a decision to your preference.