First step required for a beginner in bitcoin investment

[Rubuchi]

Starting your own Bitcoin journey doesn't have to be complex, I mean there are so many things that you could learn too along the way if you have actually started the journey because that's the most important thing and you don't need all the bitcoin knowledge or any technical aspect as the basic knowledge can get you started and they are lots of thread and information to cover such basic knowledge here in the forum to help you kick start.

I think I have seen this kind of discussion before in this forum where some members said you should have a proper understanding of how to invest in bitcoin among other cryptocurrencies but I also read opinions of some senior members who were of the opinion that when it comes to bitcoin investment, you don’t have to waste much time or worry too much about acquiring much knowledge about it as you can always do that alongside your investments. So when it is about bitcoin investment, you are to concentrate more on beginning the process rather than doing plenty learnings first but trading on the other hand requires you to do proper research first, understand some of the fundamentals of how it works and how you can leverage on the market advantages before you can make the decision whether to start or not or even whether you should get a tutor who will coach you on what trades you should go into and whether you have the right mental health to start or not.

[Catenaccio]

I think I have seen this kind of discussion before in this forum where some members said you should have a proper understanding of how to invest in bitcoin among other cryptocurrencies

In cryptocurrency industry, investment is safer than trading but with either investment or trading, Bitcoin is the best and safest choice for everyone. If they move away from Bitcoin, don't choose Bitcoin by many reasons, and choose altcoins, risk starts to escalate more. The risk level escalates from top altcoins to lower ranked altcoins, from old altcoins to new altcoins.

So the right advice is educating people especially newbies in cryptocurrency market about risk of altcoins, and recommend them to invest money in Bitcoin that is best, safest and kind of profit guaranteed if they invest their money in Bitcoin rightly.

A safe and good strategy to use for investment is Dollar Cost Averaging.
Dollar Cost Averaging with costavg.com include exchange fee

[Tungbulu]

Starting your own Bitcoin journey doesn't have to be complex, I mean there are so many things that you could learn too along the way if you have actually started the journey because that's the most important thing and you don't need all the bitcoin knowledge or any technical aspect as the basic knowledge can get you started and they are lots of thread and information to cover such basic knowledge here in the forum to help you kick start.

A lot potential investors has limited themselves from getting started with bitcoin accumulation, and why? simply because they believe or were told that bitcoin investment is quite complex (which is somewhat true but not in the sense they think) and so they need to acquire all the knowledge to prepare themselves so as not to make any mistakes that would lead to serious financial losses. Although this is a good mindset to have when investing in an asset, but the truth remains that, one can never be prepared enough you know, and there are some vital essential lessons that are not written on paper, only experience can teach these ones. Again, Losses are inevitable, can't be completely avoided, but would definitely be recovered in the long term, which why long term is the secret to a successful bitcoin investment.

[Promocodeudo]

Starting your own Bitcoin journey doesn't have to be complex, I mean there are so many things that you could learn too along the way if you have actually started the journey because that's the most important thing and you don't need all the bitcoin knowledge or any technical aspect as the basic knowledge can get you started and they are lots of thread and information to cover such basic knowledge here in the forum to help you kick start.

Good advise to whom it may concern, I have seen some comments in different boards that's mainly on Bitcoin investment where some people keep saying that basic knowledge may not be enough for a starter, in real sense what do a newbie I mean someone thats just starting or that wants to go into Bitcoin investment want to know at the early stage apart from how to start up the investment with their discreationary income, according to you, there are many things one can learn as time goes by, it must not be before the investment proper, maybe some people don't know that Bitcoin as an asset has a technical side as you said and it will difficult for newbies especially to combine the two without atleast having the basic knowledge of one.

[UchihaSarada]

Good advise to whom it may concern, I have seen some comments in different boards that's mainly on Bitcoin investment where some people keep saying that basic knowledge may not be enough for a starter, in real sense what do a newbie I mean someone thats just starting or that wants to go into Bitcoin investment want to know at the early stage apart from how to start up the investment with their discreationary income, according to you, there are many things one can learn as time goes by, it must not be before the investment proper, maybe some people don't know that Bitcoin as an asset has a technical side as you said and it will difficult for newbies especially to combine the two without atleast having the basic knowledge of one.

It's important for people to start with Bitcoin as they invest money in Bitcoin. If they start with Investment, they already choose a less risky thing to do with Bitcoin. Then they can learn basics about Bitcoin in order to understand more and even deeply about Bitcoin wallets, how to use wallets safely and securely, then they will be good to go in the future with their Bitcoin investment portfolios with coins stored in non custodial wallets and proper wallet backups to use.

Then, they can learn about importance of discretionary income for their investment capital so that they can change their financial management, for having their investment capital like discretionary one, that will help their investment and holding practice more easily, comfortably and unlikely to panic sell during market volatile times.

If having discretionary income is like a mandate for beginning an investment, it will keep many people away distantly from Bitcoin market.

[Franctoshi]

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.

Most of those posts you see people post on social media and rejoice about their winnings are just social media noise. In fact, those that are making cool money off their investments hardly share or post winnings. Note that people only post their winnings while they hide their losses, and in this case, some of them that do this are either doing this to attract you so they can sell you signals or their trading books.

If you want to start, firstly forget anything about trading and start with stacking Bitcoin using a strategy or an approach called dollar cost averaging (DCA).

Bitcoin is divisible by its nature, meaning you can buy in tiny fractions, so you don't need to wait to buy 1 BTC.
You can buy using any of the reputable centralized exchanges or known decentralized exchanges out there.
Afterward, get a decentralized wallet and store your crypto. Use Electrum or a Ledger Nano hardware wallet, etc., and secure your seed phrases safely.

[Dreadboost]

It's good that you want to invest in bitcoin, but I will advice you not to just make your decision based on stories. I think m you should make your own research about it and decide if it's truly what you want to invest in. After your research and you are still interested in it, I will advice that you try and accumute bitcoin for a long time and forget about immediate profit. From my little experience I think it's better to hold bitcoin for a long time and you might end up making good profit. So I will advice that you should be consistent in accumulating bitcoin.

[Zorellian]

It's good that you want to invest in bitcoin, but I will advice you not to just make your decision based on stories. I think m you should make your own research about it and decide if it's truly what you want to invest in. After your research and you are still interested in it, I will advice that you try and accumute bitcoin for a long time and forget about immediate profit. From my little experience I think it's better to hold bitcoin for a long time and you might end up making good profit. So I will advice that you should be consistent in accumulating bitcoin.

I agree with you by not just making decisions about what you hear, you have to analyze and go through the process you want to take and see if it will benefit you putting head into it, You have to do research and see how things go in there. Especially in bitcoin you have to do research before you will start to invest in it don’t invest by what people are saying or you are hearing about it will dim you if you don’t know nothing about it, and is good for you to invest in long time project in bitcoin.

[AYOBA]

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.

Never mind about the sign and signal that moving up and down in as far as you make up your mind to getting started you can go ahead mate, every successful person started with the decision to try one day it will be results of happiness. The first required step for a beginner to get started the Bitcoin investments is to have a the capital, secondly having a little knowledge on how you can able to handle your investments in into the future markets.

Which is also deserve patience, because that’s where some people problem start when they come to invest in bitcoin is they see that market is fluctuating instead of them to keep watching the next thing you will only seeing they want they’ve invest so far without wait for the perfect time.

[Gost ms]

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.

Man, first thing first. go do your own research, seriously. At least get that basic understanding yourself. Don’t just depend on what people say or follow noise.
Just go for at least the minimal knowledge, because sticking with those noise may likely affects you later on. The knowledge you figure out on your own will go a long way.

Starting your own Bitcoin journey doesn't have to be complex, I mean there are so many things that you could learn too along the way if you have actually started the journey because that's the most important thing and you don't need all the bitcoin knowledge or any technical aspect as the basic knowledge can get you started and they are lots of thread and information to cover such basic knowledge here in the forum to help you kick start.

Yes you are right, a person does not need much knowledge to start investing rather if a person is able to find a source of discretionary income and basic knowledge about Bitcoin then he can start investing. After starting investing, knowledge acquisition and investment can proceed in parallel. When a person progresses in knowledge acquisition and investment, he will definitely learn a lot more than a person who waits to start investing for knowledge acquisition.

When a person continues to acquire knowledge and invest, he will learn to deal with the real fall and will be able to learn all the other things. Continuing to invest and gain knowledge at the same time is a balanced decision

[Dzwaafu11]

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.

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

[Juicyhome]

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

Don't mind him, his kind are the ones calling bitcoin scam because they fail to understand the working of bitcoin,  they only invest in bitcoin wen they see old investors making profit forgetting old investors went through hard process  to gain from bitcoin.

If you invest because your friends are investing you will not make it from bitcoin,  before you invest it's better ou ask them to tell you about Bitcoin investment,  gain the knowledge before you invest,  so tomorrow you won't call bitcoin a scam, in bitcoin investment you need to be patience and keep buying,  never sell in a hurry,  sell when you have make a lot of profits. 

[Crytohillss]

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.

Most of those posts you see people post on social media and rejoice about their winnings are just social media noise. In fact, those that are making cool money off their investments hardly share or post winnings. Note that people only post their winnings while they hide their losses, and in this case, some of them that do this are either doing this to attract you so they can sell you signals or their trading books.

If you want to start, firstly forget anything about trading and start with stacking Bitcoin using a strategy or an approach called dollar cost averaging (DCA).

Bitcoin is divisible by its nature, meaning you can buy in tiny fractions, so you don't need to wait to buy 1 BTC.
You can buy using any of the reputable centralized exchanges or known decentralized exchanges out there.
Afterward, get a decentralized wallet and store your crypto. Use Electrum or a Ledger Nano hardware wallet, etc., and secure your seed phrases safely.

This is one of the most realistic takes I have ever seen on crytop investment, social media often highlights the wins while the losses stay hidden which can produce unrealistic expectations for beginners, focusing on Bitcoin accumulation through DCA instead of chasing fast profits is a much more sustainable method. Equally important is learning proper self custody and keep seed phrases secure for long term run.

[Shineup]

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

Don't mind him, his kind are the ones calling bitcoin scam because they fail to understand the working of bitcoin,  they only invest in bitcoin wen they see old investors making profit forgetting old investors went through hard process  to gain from bitcoin.

If you invest because your friends are investing you will not make it from bitcoin,  before you invest it's better ou ask them to tell you about Bitcoin investment,  gain the knowledge before you invest,  so tomorrow you won't call bitcoin a scam, in bitcoin investment you need to be patience and keep buying,  never sell in a hurry,  sell when you have make a lot of profits. 

A word is enough for the wise, investing in Bitcoin should be beyond doing it because your friends are doing it and without having the basic knowledge of it, one thing about most newbies in to Bitcoin investment is that they ignore to understand the basic knowledge the process and old investors has went through, without patience nothing good will come from Bitcoin and this patient is what most newbies lack, they sell in a hurry and in some cases at lost and sometimes just for a little profits and this doesn't befits Bitcoin investment.

[Chinesebaby]

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

Yes, I agree with you that having a prior knowledge about the investment and individual wishes to venture into is always very important, so as to avoid making wrong decisions. But in a nutshell, I also think that if a total newbie who has no knowledge about Bitcoin knows someone, a friend, relative or wife who is well knowledgeable about Bitcoin investment, he can probably starts investing, while the wife or friend guide him through on the decision making of his asset. While he can start learning about Bitcoin gradually. Because one thing you need to understand is the fact that the Bitcoin price value of Bitcoin don't wait for no one. And if you have an opportunity to buy, do it before it skyrocket higher.

[Felicity_Tide]

~snip

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

I don't think the OP wants to Jump into it because from what I understood, the reason for the thread is basically to know what to do/how to get started. And I think it's normal for people to show interest in something that is profitable, but their approach is somehow a factor that determines how far they're going to go. The fundamental things you mentioned are indeed very necessary, but one thing I feel is also important is being able to make decisive decisions, and the ability to do that boils down to the level of understanding_{(that includes knowledge and experience)}.

[Berry2d]

It's good that you want to invest in bitcoin, but I will advice you not to just make your decision based on stories. I think m you should make your own research about it and decide if it's truly what you want to invest in. After your research and you are still interested in it, I will advice that you try and accumute bitcoin for a long time and forget about immediate profit. From my little experience I think it's better to hold bitcoin for a long time and you might end up making good profit. So I will advice that you should be consistent in accumulating bitcoin.

Getting along with investment programmes is not the problem what the problem is knowing the most reliable asset to invest on. Most investment made outside bitcoin still in the crypto world turned to a weapon formed against the investor while others became beneficial at last but in all the most profitable among all is bitcoin investment.
Therefore I will support that same opinion and encourage the investor to make that come to reality and not just end at his mouth the way most people do. After the decision to choose bitcoin as a preferred investment opinion,  the next is to zero our mind and make it come to reality

[Proty]

Don't start putting your money into what you don't know about, the knowldge and risk those people rejoicing has you don't have. So why will you think of investing because you see people are making profit from Bitcoin investment, that is too risk. You need to understand the fundamentals knowledge of bitcoin investent, risk management and every other thing that you need to know, about bitcoin investemt. Dom't just jump into an investment you don't know anything abput.

Don't mind him, his kind are the ones calling bitcoin scam because they fail to understand the working of bitcoin,  they only invest in bitcoin wen they see old investors making profit forgetting old investors went through hard process  to gain from bitcoin.

If you invest because your friends are investing you will not make it from bitcoin,  before you invest it's better ou ask them to tell you about Bitcoin investment,  gain the knowledge before you invest,  so tomorrow you won't call bitcoin a scam, in bitcoin investment you need to be patience and keep buying,  never sell in a hurry,  sell when you have make a lot of profits. 

A word is enough for the wise, investing in Bitcoin should be beyond doing it because your friends are doing it and without having the basic knowledge of it, one thing about most newbies in to Bitcoin investment is that they ignore to understand the basic knowledge the process and old investors has went through, without patience nothing good will come from Bitcoin and this patient is what most newbies lack, they sell in a hurry and in some cases at lost and sometimes just for a little profits and this doesn't befits Bitcoin investment.

It is not all that a bad idea if someone decides to follow there friends and then to invest in bitcoin. It is only when the friends isn't doing the right thing that is when I think it will be an issue for someone to be invest in bitcoin.There are many people that started there bitcoin accumulation by following there friends.

[PhilosopherKing]

If you have discretionary income to ongoingly use, then go to your exchange or any crypto vendor to start buying ongoingly Don't overthink it, nuts get he fuck started and figure the rest along the way. Whether you Discretionary income is small or not, just remember that you can start and along the way they to look for how to get other income streams so you can increase your investing money. After doing that you can begin to be saving and building emergency funds so that you can safeguard your investment in case of anything happening

[laspol65]

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.

See, never face danger yourself by following the words of others, because others will only show you the dream of becoming a millionaire overnight, but this is not possible at all in the case of sales. Because you should research Bitcoin and be more patient. However, if you can invest in Bitcoin for a long time, then your benefits will be achieved. But by investing in Bitcoin for a short time, you will not be able to benefit, but you may face losses and you may panic.
So, in the case of Bitcoin investment, you must be patient and learn more information about Bitcoin, and continue researching, you will find proof of this yourself.