Quote from: Lorence.xD on February 09, 2018, 10:09:32 PM

Quote from: Jackypot on February 09, 2018, 04:37:34 PM

Things you should know before investing in bitcoin

What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.

it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer

Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".

Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.

Before you are going to invest in bitcoin, you must have studied what cryptocurrencies are, pros and cons of each cryptocurrency, you have calculated the risk that you might take, and accept the fate that you might lose here. Investing is making yourself comfortable to that currency and wait for it to become big. But there are chances that the thing where you invest will not be successful. With this, you might feel burnout or anything. You should be ready for these kinds of scenarios. Study it well, before going to invest in a particular cryptocurrency.

Please take note of these. Your 'investment' being 'scammed' is one of the reasons why people outside the btc community believes bitcoin is just a joke. Though it's half true because there are bitcoin scammers but still, bitcoin is way more than that. Observe first and do research where you will be investing and consider that everything about bitcoin is risky.