Questions to answer before venturing into crypto

[tequilla_sunset]

You could easily find different tools and literature that would help you answer that. It's not that hard to find. You could also use AI to point you to the right direction, making sure that you validate it. I don't think you need to post a topic just for this because it's readily available on the internet.

Well, I think a topic that could generate a more interesting and beneficial discussion compared to AI feedback. I'm not saying we can provide more accurate information, but I want to focus on the right attitude we should have when participating in this market.

Before learning about BTC, investors should answer a few other questions for themselves:
+ Why should I invest in crypto?
+ What are the risks of the crypto market?
+ How much money am I willing to lose?
+ How long am I willing to hold?
+ Where can I find guidance and help?

I think these things are more important than the nature of BTC itself. Because in the end, investors just want to make a profit, not just show their love for BTC ^^

Agreed. Broader questions would bring more awareness overall, because, surely, even if BTC is the easiest pick to achieve your goals (given enough time), there are still questions that would be left.

[Promocodeudo]

Why do you need to worry your head with all of those unnecessary questions, and forget to ask the most important and valuable questions such as the best wallet to store the crypto assets that give you strong security and control over your assets?


Since Bitcoin for example is already a well-established coin in the cryptocurrency space, trying to know the factors that drives its market may lead you into more confusion there for it is better to just keep up with the fundamental propellers of the market.

I think this questions aren't call for, as newbie in the crypto space (Bitcoin) the first thing you should consider is the basic knowledge on how to invest in Bitcoin instead of asking some question that aren't very much important, I think at the preliminary stage the concentration of everyone is to build a good bulky portfolio in Bitcoin asset every other question or thing can be learnt when you're already dip into the system.
Bitcoin has gone too wide for us to ask some questions about it but as for other cryptocurrency I wouldn't know about them but as for Bitcoin everyone is good to go anytime any day.

[bitterguy28]

You could easily find different tools and literature that would help you answer that. It's not that hard to find. You could also use AI to point you to the right direction, making sure that you validate it. I don't think you need to post a topic just for this because it's readily available on the internet.

Well, I think a topic that could generate a more interesting and beneficial discussion compared to AI feedback. I'm not saying we can provide more accurate information, but I want to focus on the right attitude we should have when participating in this market.

Before learning about BTC, investors should answer a few other questions for themselves:
+ Why should I invest in crypto?
+ What are the risks of the crypto market?
+ How much money am I willing to lose?
+ How long am I willing to hold?
+ Where can I find guidance and help?

I think these things are more important than the nature of BTC itself. Because in the end, investors just want to make a profit, not just show their love for BTC ^^

Agreed. Broader questions would bring more awareness overall, because, surely, even if BTC is the easiest pick to achieve your goals (given enough time), there are still questions that would be left.

it’s important to ask yourself questions because investments are supposed to be personalized you can’t simply just copy off of someone else’s investment plan and expect it to work because they might have bigger capital and you may not have so their goal and timeframe could be a lot different than yours

by asking yourself these questions you are also essentially making a plan of how to approach the whole investing process and knowing the answers to these questions could make you feel a lot less lost and more confident in every decision you make

[JoyMarsha]

If it is about bitcoin knowledge, there are so much for you to learn because that's not for you to finish in a day or say that you are okay with the knowledge you have grabbed so far, so no need of learning more. That kind of situation doesn't happen because in a day, you are learning one or two things to the things you have already known.

No knowledge in Bitcoin is enough. Have that in mind. The question you are asking now, are not the important questions you need answers to, as a newbie. What you need to learn about is the basic knowledge of Bitcoin and how to safeguard your Bitcoin from scammers since they are becoming many in the crypto space with methods on how to scam people.

[sampoerna]

Being curious about Bitcoin and seeking such understanding is indeed very necessary, because this is included in the basic knowledge for Bitcoin. At least, we must first understand many things about Bitcoin.

Maybe you can get a complete answer here:
https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

Some of the answers here are very easy to understand.
Bitcoin value is influenced by its users, supply, and demand.

[Azharul]

Obviously, learn from crypto currency market is very essential for earn best profit. So if we follow in cryptocurrency market carefully and trying to understand in cryptocurrency market properly. If we follow in bitcoin price we can see that volatile in bitcoin is always remain in cryptocurrency market. So if we want to earn huge profit from this situation, we should understand clearly in cryptocurrency market. Because without knowledge in cryptocurrency market we cannot earn best profit from here.

[milewilda]

what factors influence the value of bitcoin?
Demand,recognition and adoption.
   
What factors influence the price of bitcoin?
Market sentiments and demand also.

what factors influence the supply of bitcoin?
Supply is fix. We do only have 21M coins.

What factors influence the demand of bitcoin?
Regulation issues
Lack of knowledge
Hesitation of being a scam.

[Rruchi man]

~

Any knowledge you need to get about cryptocurrency, you have to get it quickly and make sure to understand it. Too many persons have spent a long time learning and have delayed implementing the knowledge in the form of investing in cryptocurrency.
There are investors who chose to invest and then learn in the process but it does not okay for you you need to not waste time in the process of learning because investment opportunities are dwindling.

[36B]

~

Any knowledge you need to get about cryptocurrency, you have to get it quickly and make sure to understand it. Too many persons have spent a long time learning and have delayed implementing the knowledge in the form of investing in cryptocurrency.
There are investors who chose to invest and then learn in the process but it does not okay for you you need to not waste time in the process of learning because investment opportunities are dwindling.

Yes, I agree with timing but I also feel rushed if without basis can cost a lot. Many people are dying to jump in because they don’t want to miss and very often they just want to follow the crowd. I believe that you can absorb things fast without taking risks. It’s serious in the basics, know the risks and then make a decision. To delay only means that you will miss the time. But if you just get in, you will lose your capital. The thing you should be on the lookout for is not speed, but a compromise between learning and action.

[kai]

.....
  what factors influence the value of bitcoin?

   
The effect of bitcoin value is because the system he created is only up to 21,000,000 BTC.

   What factors influence the price of bitcoin?

The price of bitcoin between up and down due to purchasing and sales factors in various markets.
A decentralized system, all Bitcoin owners are entitled to sales and purchases and not based on anyone.

   what factors influence the supply of bitcoin?

The existing Bitcoin supply so far is due to the mining factor using hardware.
Bitcoin has a coin system with a POW (Proof of Work) type, where to get bitcoin must use expensive hardware, such as computers, electricity and internet.

   What factors influence the demand of bitcoin?
....

Bitcoin's request is because the hype is very strong as the first cryptocurrency launched. Carrying the theme is unknown to who the founder is and has a limited supply, requires expensive fees to get bitcoin so that Bitcoin demand is increasing every time.


Don't believe me, this is my personal experience who just got to know Bitcoin a few months back. I am not expert in terms of all about Bitcoin Core.
Luckily, OP also questioned about Bitcoin, if only asking about Altcoins and wanted to invest in Altcoins then I made sure your steps would be stalled because Altcoins now many ended with a scam.

[0t3p0t]

  1. what factors influence the value of bitcoin?
   
   2. What factors influence the price of bitcoin?

  3. what factors influence the supply of bitcoin?

  4. What factors influence the demand of bitcoin?

   

1. Maybe it's the limited supply and the market flow.
2. Supply and demand what's makes the price goes up and down.
3. Holders or investors makes makes the supply become scarce.
4. Decentralization, inflation, sanctions and other crisis might push the adoption of Bitcoin therefore it's demand will rise.

[Bobcrypto]

As a newbie and baby in this very exciting crypto educational forum, with a desire to increase my knowledge bank and drive to invest in cryptocurrency. I needed to answer these key questions about bitcoin:

  what factors influence the value of bitcoin?
   
   What factors influence the price of bitcoin?

   what factors influence the supply of bitcoin?

   What factors influence the demand of bitcoin?

 I stumbled upon bits of information in my personal study that the price of bitcoin is determined by its market value at any given time. And its value is directly affected by the demand and supply flow in the economy. Also, that traders resolve to sell bitcoin to other buyers and not hold back more than its necessary drives its demand and supply.

Obviously, there is still more I need to learn! 

   

You have technically answered the questions, in addition to the factors that affect the demand and supply of Bitcoin, the following are considered.
1.Hypes, this has to do with intense promotions and publicity on social networks and news platforms.
2.Speculations, a marketing strategy carried out by some traders/investors by spreading information about the market  cause panic sales, FOMO at intervals.
3. Regulatory developments, several regions has different mode regulations in terms of laws governing crypto. Strick laws on some region affects crypto demand/supply overtimes.