Where to start from for a beginner in bitcoin??

[Dr.Bitcoin_Strange]

It is no problem to start if someone already knows the basic knowledge. But if someone still doesn't know anything and want to learn while doing trading, I think it is not recommended to do. Sure, it is impossible if someone wants to master anything before he starts. The main point is to know the basic knowledge first. We know many newbies hurry to start, they don't know anything but they expect to succeed instantly. This is the wrong way, they don't know that every thing needs a process.

I think the problem most newbies often have when they enter into the crypto space, especially in the trading aspect is the fact that they underestimate the importance foundational and basic knowledge of trading, simply because they see people trading online, they make the mistake of thinking trading is just all about guessing which way the trend is most likely to go without proper analysis. And when they approach trading with this misconception, it often leads to costly mistakes and financial losses.

You’re right that one needs to first master the basic concepts of trading and it requires a great deal of patience, willingness to learn and of course dedication, in order to master the required skills and knowledge to take the first baby step in trading.

[robelneo]

For someone who is new and has no idea on where or how to start investing in bitcoin where should we look at first and what should we avoid??

Before you start investing, I recommend that you first understand how Bitcoin works. You can do this by first reading its whitepaper and doing transactions. People miss the most basic information about Bitcoin; they just invest for profit. Once you fully understand how Bitcoin works, you will have an insight into its potential and, thereby, whatever market condition you will know what action to take.

[sampoerna]

For someone who is new and has no idea on where or how to start investing in bitcoin where should we look at first and what should we avoid??

Before you start investing, I recommend that you first understand how Bitcoin works. You can do this by first reading its whitepaper and doing transactions. People miss the most basic information about Bitcoin; they just invest for profit. Once you fully understand how Bitcoin works, you will have an insight into its potential and, thereby, whatever market condition you will know what action to take.

As for Bitcoin, I'm not sure people will do it, but it's better if anything is studied first so that you can really understand what is being invested and also really understand the decision to put money here with full awareness and understanding. This is indeed important.

It's just that many people definitely don't do it, especially because we already believe in BTC, there's no doubt that it's just a matter of how we improve our financial management along with risk management plus emotions so that during investing, we can still do it wisely. Yes, with patience, and also by knowing how the market moves, its cycles, and so on. so that we can achieve the target profit as desired.

[JoyMarsha]

It is no problem to start if someone already knows the basic knowledge. But if someone still doesn't know anything and want to learn while doing trading, I think it is not recommended to do. Sure, it is impossible if someone wants to master anything before he starts. The main point is to know the basic knowledge first. We know many newbies hurry to start, they don't know anything but they expect to succeed instantly. This is the wrong way, they don't know that every thing needs a process.

I think the problem most newbies often have when they enter into the crypto space, especially in the trading aspect is the fact that they underestimate the importance foundational and basic knowledge of trading, simply because they see people trading online, they make the mistake of thinking trading is just all about guessing which way the trend is most likely to go without proper analysis. And when they approach trading with this misconception, it often leads to costly mistakes and financial losses.

You’re right that one needs to first master the basic concepts of trading and it requires a great deal of patience, willingness to learn and of course dedication, in order to master the required skills and knowledge to take the first baby step in trading.

It's mostly a lack of patience and greed to earn more in crypto that would make a newbie start trading in crypto without first learning the simplest way to buy and hodl Bitcoin for long-term purposes. For someone who knows how risky and difficult trading can be, I wouldn't accept trading without gaining many years of expertise from it.

Since human beings are naturally greedy, you would see people who would neglect the warning of trading and still go on with it because they want to make huge money from trading within a short time

[Dr.Bitcoin_Strange]

It's mostly a lack of patience and greed to earn more in crypto that would make a newbie start trading in crypto without first learning the simplest way to buy and hodl Bitcoin for long-term purposes. For someone who knows how risky and difficult trading can be, I wouldn't accept trading without gaining many years of expertise from it.

Since human beings are naturally greedy, you would see people who would neglect the warning of trading and still go on with it because they want to make huge money from trading within a short time

Sometimes it may not necessarily mean it’s lack of patience and greed. Sometimes it can be as a result of misinformation, some newbies are eager and inquisitive to know everything all at once, they often get misinformed by people who make trading look like it’s the easiest path to success and financial freedom. Especially the social media influencers that flaunts wealthy lifestyles that may likely attract a lot of people, and naive newbies who see those kind of things delve into the trading sphere without actually considering the risks associated with trading, and when by the time reality actually hits them, it may have been too late to turn back.

[bayu7adi]

For someone who is new and has no idea on where or how to start investing in bitcoin where should we look at first and what should we avoid??

I assume that the investment you mean is closely related to price increases and taking profits... then the first thing a newbie can do is to know how to buy bitcoin... if you don't find any difficulties, then just buy bitcoin and try to observe and analyze the movement of the Bitcoin market.. by having Bitcoin first, you will have a more serious sense of alertness, so I think it greatly affects your intention to learn...

using a small amount first is highly recommended, because a newbie certainly does not understand the level of Bitcoin volatility.

[Crypto Library]

As for Bitcoin, I'm not sure people will do it, but it's better if anything is studied first so that you can really understand what is being invested and also really understand the decision to put money here with full awareness and understanding. This is indeed important.

It's just that many people definitely don't do it, especially because we already believe in BTC, there's no doubt that it's just a matter of how we improve our financial management along with risk management plus emotions so that during investing, we can still do it wisely. Yes, with patience, and also by knowing how the market moves, its cycles, and so on. so that we can achieve the target profit as desired.

Becuase most of the people of us when want to invest on the cryptocurrency we thought that it is a short path to earn a huge profit , And so they saw the past prices and bitcoin and current price and they just start their investment and currently most of new investor on cryptocurrency are only because of the hyped like bitcoin price was increasing and they also investing in the altcoins , memecoins without any knowledge about them so we should change our thought about cryptocurrency in the beginning then they can be wise trader or investor also.

[smartaction]

As for Bitcoin, I'm not sure people will do it, but it's better if anything is studied first so that you can really understand what is being invested and also really understand the decision to put money here with full awareness and understanding. This is indeed important.

It's just that many people definitely don't do it, especially because we already believe in BTC, there's no doubt that it's just a matter of how we improve our financial management along with risk management plus emotions so that during investing, we can still do it wisely. Yes, with patience, and also by knowing how the market moves, its cycles, and so on. so that we can achieve the target profit as desired.

Becuase most of the people of us when want to invest on the cryptocurrency we thought that it is a short path to earn a huge profit , And so they saw the past prices and bitcoin and current price and they just start their investment and currently most of new investor on cryptocurrency are only because of the hyped like bitcoin price was increasing and they also investing in the altcoins , memecoins without any knowledge about them so we should change our thought about cryptocurrency in the beginning then they can be wise trader or investor also.

Investing in cryptocurrency is as easy as it is difficult for those who invest without understanding. To invest we must have knowledge about cryptocurrency. Cryptocurrency is getting more and more popular day by day. Here are some mistakes that new investors make.  Throw money in big risk. But I trust Bitcoin more than most to invest. Bitcoin investment is safe. There is no risk. If Bitcoin is invested for a long time, there is a chance to get profit.

[Crypto Library]

Investing in cryptocurrency is as easy as it is difficult for those who invest without understanding. To invest we must have knowledge about cryptocurrency. Cryptocurrency is getting more and more popular day by day. Here are some mistakes that new investors make.  Throw money in big risk. But I trust Bitcoin more than most to invest. Bitcoin investment is safe. There is no risk. If Bitcoin is invested for a long time, there is a chance to get profit.

And do you know which mistakes we mostly do for starting trading ?
If you don't know let me say that is we got over confident that we know all about trading and start our investment and as a result we face loss. The reason I said we get over confidence is we start the investment before knowing what is trading and also about the trading analysis after doing few days learning we thought that we have now the ability to invest i.e. trading and what actually don't have. For able to have good trading analysis skill one may needs years so after giving lots of time here we should start the journey.

[taufik123]

-snip-
using a small amount first is highly recommended, because a newbie certainly does not understand the level of Bitcoin volatility.

Yes, it is just as an initial learning and use the money that can afford to lose even if the amount is small.
Beginners can make a purchase and see what the price is at that time and see where the price is good.

Entering at the lowest support price will yield profits, so beginners also learn that a good entry price is to wait for the decline to touch the strongest support.

Don't just buy and make sure you already have basic trading knowledge so that it's not just guessing but there is an analysis done.

[Dr.Bitcoin_Strange]

Investing in cryptocurrency is as easy as it is difficult for those who invest without understanding. To invest we must have knowledge about cryptocurrency. Cryptocurrency is getting more and more popular day by day. Here are some mistakes that new investors make.  Throw money in big risk. But I trust Bitcoin more than most to invest. Bitcoin investment is safe. There is no risk. If Bitcoin is invested for a long time, there is a chance to get profit.

Ordinarily, no one goes into any kind of business or investment without first gathering the necessary knowledge and information about that business or investment and cryptocurrency is not an exception. Failing to plan before delving into cryptocurrency investment simply means you’ve already planned to fail in your investment because you’ll definitely do, crypto isn’t completely like gambling where you need more of luck and less of skill, it’s in fact quite the opposite, you need all the knowledge and experience you can get before approaching the market else, you may end up in unimaginable losses.

[Dr.Bitcoin_Strange]

Delete

[Yamzakid]

For someone who is new and has no idea on where or how to start investing in bitcoin where should we look at first and what should we avoid??

Before you begin investing, make sure you set aside emergency funds and only invest what you can afford to lose. Do your own research to learn about the features and growth potential of various cryptocurrencies. You should also understand the risks involved because they are not governed by the government, and that is what makes them open to scammers.
Additionally, use a reputable wallet to keep your coin. Exodus, TrustWallet, Electrum, and Coinbase are just a few of the wallets that I can suggest to you, you can learn more about them. These wallets generate a private key, which is an alphanumeric key made up of letters and numbers. If you share or lose this private key, you will definitely lose all of your assets because there are crypto words that state that "not your key, not your coin." So save your private key.
In cryptocurrency, we have short-term and long-term investments. Most investors pick long-term investments because it is more profitable. You can do this by using DCA strategy, such as investing $100 every week for example just to attain your goal.

[vegasus]

For someone who is new and has no idea on where or how to start investing in bitcoin where should we look at first and what should we avoid??

Before you begin investing, make sure you set aside emergency funds and only invest what you can afford to lose. Do your own research to learn about the features and growth potential of various cryptocurrencies. You should also understand the risks involved because they are not governed by the government, and that is what makes them open to scammers.

That's why we really have to use free money when we are going to invest in the sense that the money will not be used for anything for a certain period of time. and when it turns out that our investment fails, it will not make our lives a mess at all. although of course when investing we don't want to lose the money. that's why we must first understand what we want to invest in. because it is related to money and we must not be careless and reckless.

And the importance of analysis before investing is very essential, mental readiness and also our knowledge in analyzing coins and also the market is also very much needed, this cannot be avoided because this is indeed our need, not someone else's.

[Jating]

How about those for beginners who have a mentor or someone who can guide him? I think it's possible that he can invest big money in the beginning and have a individual who is close to him to make the right decision and be his teacher. I have heard such cases before, that someone heard about Bitcoin from his friends and even his family members and then he ask for guidance. Invested big amount maybe $1000 or higher, and then go and learn Bitcoin's volatility itself and make money. But if you haven't had any experience and then get your hands into the market and invested big amount, then it might be a different outcome for you and that you should really be very very careful, specially those hard earn money of yours that might go and loss in the market because of lack of knowledge.