Post
Topic
Board Beginners & Help
Re: Top 3 advices Regarding Bitcoin Investing
by
Stedsm
on 08/03/2019, 22:40:16 UTC
If you could only give 3 advices to someone who’s new and wants to invest in Bitcoin, what would you tell them?

These peeps are able to give and advice to you over how, where and when to invest Bitcoins? I don't think so because it takes some real personal experience first of all, and then the one who is giving you that advice should have already made a lot of profits or at least be in some profits from the time they invested. We can just try, and I'm saying this because we're still learning.

Still, as I'm experienced but not in profits, I'd like to give advice based on my experience only:

1. Don't fomo buy into any coin and don't sell any based on fud, it'll save you a lot of money from losing and will also save the costs (fees) if you'd have traded continuously.

2. If you're going to invest BTC in a project, check about it deeply because believe it or not, but BTC should be considered as real money and so, you need to be very careful while putting your money into any ICO or even STO.

3. Don't use your full salary (or even your complete capital to get into crypto), use only that amount which you can afford to lose because there are higher risks and chances of losing just as in gambling and forex. Don't fall for any doublers or even HYIPs because they won't return you your money even in the short term and you'll probably lose everything.

I'd suggest you to follow great personalities like Warren Buffett and Bill Gates (I'm not saying that they're crypto geeks, but their quotes can actually help you gain the type of mentality everyone wishes to have to become rich).