Quote from: Kira33 on December 08, 2013, 02:38:02 PM

I am interested in investing in Bitcoins, but I am not sure how to start, where to invest, how much to invest etc. I would really appreciate if someone can guide thru some basic steps for dummies to get started. I can't mine so I am interested in buying bitcoins and trading.

Thanks

The best way to get into Bitcoins right now is simply to buy them on an exchange such as BTC-E, Bitstamp, etc. Buying mining equipment right now is not a good option for someone who is new to this. You can easily end up losing a big chunk of money. At any rate, BTC has touched $1200, its current level is not the top by a long shot. I'd say start watching one or two exchanges to get a feel for the price fluctuations, put some cash on the exchange with which you are most familiar, then buy bitcoins on the dips. When everyone else is jumping out of windows and it's lost 50% of its value, that's when to buy. Not when it's been skyrocketing in value for days in a row.

Good luck!