Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: JamesIrvin on November 09, 2020, 01:05:22 PM
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Bitcoin has grown well in the cryptocurrency world in the last few years and many peoples are showing their interest in this crypto industry. Most of the research and study says that bitcoin is more popular and it might be a benefit for most of the peoples today. Moreover in this, you have to be tricky, it has its risks and if you are not aware of it, you may lose a lot. If you are a new bitcoin (BTC) investor, there are some major things you should know and have to do before you get started.
- Do your research
- Don’t force yourself into it
- Invest in other cryptocurrencies
- Keep your assets secure
- Prepare for volatility
To know more, visit here <> Tips for new Bitcoin investors (https://read.cash/@JamesIrvin/top-five-tips-for-new-bitcoin-btc-investors-5a438992)
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I think if the person you mean is really new then he doesn't have to apply everything you mention, just needs to invest in bitcoin by buying at any price and keeping it for the long term then that's enough.
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Most importantly, before investing in bicoin, you should study Bitcoin first before investing. Many articles and opinions explain the advantages and disadvantages when investing in bitcoin. But if you want to invest in bitcoin before studying it, my advice is to use a small investment first so that if there are not too many losses.
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Bitcoin is difficult to control in terms of price so beginners are advised to try trading Bitcoin for 5 USD.
If it feels lucky and feels like a loss, then don't think twice about trying to get back with a large capital.
Remember!
The price of Bitcoin is determined by traders, not just one who controls it but all of them.
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Newcomers need to know about Bitcoin to invest in Bitcoin. Learn about Bitcoin bits. Because some users will be likely to be harmed by the new entry. Must have sufficient knowledge about Marketplace. And the exchanges in which you are interested in investing in Bitcoin, you need to know the rules and regulations of those exchanges. If you want to invest, you have to have a minimum idea about the bitcoin market. Then it is possible to make a profit by investing.
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Real tips for beginners to invest in BTC:
- DOn't buy BTC when the price is bull if you are a newbie because once it drops, you will lose many things
- Buy BTC as you can afford it, never buy BTC with a money loan and if you are lost, you will be stressful
- Buy BTC in reputable and trusted exchange such as Binance, COnbase, Kucoin, and also your reputable local exchanges.
- Never be greedy and also trust too high in a platform that promises you high [rofits from investment in BTC, because they are mostly scammers.
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Real tips for beginners to invest in BTC:
- DOn't buy BTC when the price is bull if you are a newbie because once it drops, you will lose many things
This point is the very important of all suggestions for beginners,
understand market trends before investing, for example when you want to buy bitcoin, now is the right time to buy bitcoin because the market has shown that it will enter a bull market trend,
avoid buying when the bull market has reached its peak, because the risk is that you will lose a lot of your funds.
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For beginners, I think you should play with a small nominal first. Don't get consumed with emotion and invest large amounts of money. Because beginners are still very difficult to control emotions in trading. Worried about loss and also regret. don't let that happen. So you should first learn to trade in small amounts. If you are already proficient, you can try even bigger.
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Newcomers need to know about Bitcoin to invest in Bitcoin. Learn about Bitcoin bits. Because some users will be likely to be harmed by the new entry. Must have sufficient knowledge about Marketplace. And the exchanges in which you are interested in investing in Bitcoin, you need to know the rules and regulations of those exchanges. If you want to invest, you have to have a minimum idea about the bitcoin market. Then it is possible to make a profit by investing.
As a beginner investor, traders and holders, he should first learn about trading strategies, volume and supply, exchange prices and rates, buy and sell orders, shit projects and products, transactions fees, withdrawal fees, kyc and nature of market. After learning above information, then he should invest in Cryptocurrencies.
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Bitcoin tips for beginners.
Buy when low and sell when high.
If you lost alot, hold it.
Bitcoin will recover.
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Must have knowledge and skills about the market before investing in bitcoin it is very risky for newcomers if they have no idea about investing in bitcoin. Therefore it is necessary to review the various sites of the forum and analyze the market well practice the trading charts and invest in a site that is more reliable for investment. However, binance is a very good site for investing in crypto market the risk is low and there is no chance of being scammed.
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I don't think there are any guidelines for investing in Bitcoin. The Bitcoin currency will never fall in price. Bitcoin will increase in price every moment. So I think just to invest, you have to monitor the exchanges and the markets. You have to learn to trade well. I don't think any other knowledge is needed. Because no goal will ever be lost by buying Bitcoin.
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Bitcoin tips for beginners.
Buy when low and sell when high.
If you lost alot, hold it.
Bitcoin will recover.
Bitcoin is a good investment coins and very much suitable for all classes of investors, traders and holders. If anyone wants to hold bitcoin,he should invest bitcoin for Long term period. Because bitcoin is a long term investment coins.
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It will be the great opportunity for newby to invest in btc .the risk is now free at this moment because the price is so high this week and the future is clear like mirror .
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I think if the person you mean is really new then he doesn't have to apply everything you mention, just needs to invest in bitcoin by buying at any price and keeping it for the long term then that's enough.
Appsolutely I appreciate your speech and it is no need to research now at this moment .the btc price is pumping up and the price will hit $16000 this week so no tension to invest btc and be happy with btc .
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What I will say is that it is better not to invest anything new. Because you can lose at any time in any situation. Brother, I do not advise you to invest. It takes a lot of ricks to invest.
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When you are a beginner, it is difficult to conduct your own research, it is best to trade on a demo account, if only you understand the cryptocurrency market, there are many surprises) Bitcoin can be borrowed for a long period of 2 years, if you want a quick profit, most likely you will sell in the red at the first correction (
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I think the tips isn't for beginners only but for all people who want to invest their money into Bitcoin. As Bitcoin price is very volatile and unstable, we mustn't decide to buy Bitcoin at any time. We must know when the proper time to buy Bitcoin. It should be better to buy once the trend is bearish than buying in bullish time. If we buy when the price is very low, we will have the chance to see the price higher. But when buying a high price, it can drop suddenly at any time.
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The ideal thing to consider when as newbies investing in Bitcoin is to know the right time to buy the BTC in the market. If we are talking about doing our own research, I don't think a newbie can do it well. So, better also to ask for some advice to other more professional investors or traders. Additionally, it should invest also in crypto? What crypto then? It may be blundering if giving that kind of advice
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The ideal thing to consider when as newbies investing in Bitcoin is to know the right time to buy the BTC in the market. If we are talking about doing our own research, I don't think a newbie can do it well. So, better also to ask for some advice to other more professional investors or traders.
Seeking advice from a more professional person is a good decision, it doesn't have to be a beginner who should ask for advice, even a professional is encouraged to ask other people's opinions to make a decision.
Additionally, it should invest also in crypto? What crypto then? It may be blundering if giving that kind of advice
Investing does not have to be in crypto alone, you can invest in other places such as gold or property, make sure these assets increase in value every year.
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The ideal thing to consider when as newbies investing in Bitcoin is to know the right time to buy the BTC in the market. If we are talking about doing our own research, I don't think a newbie can do it well. So, better also to ask for some advice to other more professional investors or traders. Additionally, it should invest also in crypto? What crypto then? It may be blundering if giving that kind of advice
Yes, I think buy and sell at the right time is good way for newbie. Bitcoin is very profitable when you do at the right time to bu and sell. Be careful, don't loss alot. We all know, we must learn the bitcoin and other characters. It is a good way to do.
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I think we talk about bitcoin investment. Why you give advice like this??
- Invest in other cryptocurrencies
I think your title of the thread should be Crypto Investment Tips for Beginners..
- Keep your assets secure
You should explain it because this point is very important. Little advice from me, choose a wallet which you control the private keys
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We know crypto currency is more risky and volatile. Any one should more careful to invest in this platform. Those who are beginners and trying to trade i suggest them some tips which is very important to trade market especially for beginners. Do your research You should not force yourself into trade platform, Bitcoin price is so high you can invest a little bit in other cryptocurrencies. You must Keep your assets secure and to be prepare your self for volatility.
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I think there are many ways to learn cryptocurrency, you just have to learn from the right and right people because there may be some people who are misleading cryptocurrency and it will only make you lose.
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Thank you so much for your advice. You are right but investing in Bitcoin is dangerous for newcomers. As far as I know investing in Bitcoin requires a lot of knowledge about Bitcoin.
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Bitcoin tips for beginners.
Buy when low and sell when high.
If you lost alot, hold it.
Bitcoin will recover.
Bitcoin is a Long term investment coin. please keep your bitcoin for long term period.
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The simplest advice for a beginner is not to lose your investment when buying bitcoin, never rush and don't put everything at once.