Post
Topic
Board Nigeria (Naija)
Re: If you are getting started with bitcoin read this.
by
Derekfunds
on 04/04/2025, 16:10:52 UTC
I just feel, I should share some tips to those who are just getting started with bitcoin.
Firstly you must have it at back of your mind that investing in bitcoin carries risks, that's why it is essential to be cautious and informed, don't only listen to what others are saying about bitcoin, on your own learn the basics understand what bitcoin is, how it works and it history.
You can as well read some reputable sources like coin telegraph, coindesk and bitcoin magazine, those sources are great to read and learn about bitcoin.
Also watch educational videos on YouTube channels like Datadask and bitcoin fundamentals those channels offers informative content about bitcoin.

After you are done with this three tips, register on a reputable exchange like bybit or any other one you know is ok by you,  set up you own custodial bitcoin wallet for storing your bitcoins  then begin with a small bitcoin investment to get familiar with the process and continously educate yourself on bitcoin and the crypto market.

Is it how to trade Bitcoin you are talking about or how to invest in Bitcoin because if it is investment you are talking about then you are wrong because in Bitcoin investment you don't need all these plenty things you are mentioning here rather what someone need is just the basic knowledge for a start and then the person is good to go why should an investor go and read telegraph, Bitcoin magazine I mean all these are not necessary and not a criteria before starting Bitcoin investment and in Bitcoin investment apart from the risk of scammers and we don't know what will become of Bitcoin in future, there's no risk because you won't loss money like when you are trading.