I'm writing specifically for those who still feel skeptical investing in Bitcoin, most especially the newbies and Jr members like myself.
Bitcoin was created to solve a couple of big cryptocurrency flaws. First, it was designed to prevent crypto coins from being fraudulently duplicated. Think about how easy it is to make copies of your computer’s data—documents, photos, files, etc.
Its proponents argue that it’s the future of currency and investing, while its detractors argue that it’s a risky investment, option that may not generate big returns.
Investors speculate that Bitcoin’s value may rise significantly if there’s a surge in the market. As a result, Bitcoin is regularly testing new highs.
Bitcoin increases in value when more people are interested, and more people are interested in buying Bitcoin today than ever before. Whether it is pure conviction or an inherent fear of missing out on what many predict to be the greatest transfer of wealth.

What Do You Need to Invest in Bitcoin?

You don't need much to invest in Bitcoin, all you need is the following:

Personal identification documents

Bank account information

A secure internet connection

Keep in mind—if you’re going to be purchasing coins through a stockbroker, you may not need to supply your personal information or financial information because your stockbroker will likely have all that on record.

How to invest in Bitcoin in 5 steps

Are you ready to dive into cryptocurrency? You’re in luck, as buying Bitcoin is simpler than you might think. Here’s how to invest in Bitcoin, in 5 easy steps:

Join a Bitcoin exchange

Get a Bitcoin wallet

Connect your wallet to a bank account

Place your Bitcoin order

Manage your Bitcoin investment

1. Join a Bitcoin exchange

First, you’ll need to determine where you want to make a Bitcoin purchase. Most Bitcoin investors use cryptocurrency exchanges. There’s no official “Bitcoin” company because it’s an open-source technology, but there are several different exchanges that facilitate Bitcoin transactions. These exchanges are the middlemen of cryptocurrency investing, like a stock brokerage.
If you decide to purchase from an exchange, you’ll have to decide which exchange you want to buy from. Here are a few of the most popular options:

Coinbase: A very popular crypto exchange that insures losses in the event of a security breach or fraudulent transfers

Binance: Founded in 2017, Binance is a crypto exchange with a strong focus on altcoins

Kraken: This San Francisco-based exchange allows you to invest in Bitcoin using various currencies from around the world

Gemini: Launched in 2015 by Cameron and Tyler Winklevoss, Gemini offers services for casual and veteran Bitcoin investors with different user interfaces and fee structures for both

Bitfinex : The longest-running cryptocurrency exchange that’s optimized for advanced traders and lenders (unfortunately, Bitfinex doesn’t currently accept US customers)

As you might have guessed, choosing a Bitcoin exchange is becoming more difficult for investors as more options begin to popularize. Find everything you need to know about Binance vs. Coinbase and start investing, today.

2. Get a Bitcoin wallet

When you purchase a coin, it’s stored in a “wallet,” which is where all your cryptocurrency is stored. There are two types of wallets you can get: a “hot wallet” or a “cold wallet.”

A hot wallet is a wallet that’s operated by either your cryptocurrency exchange or by a provider. Some exchanges will automatically provide you with a hot wallet when you open your account. In any case, hot wallets are convenient because you’ll be able to access your coins through the internet or a software program.

Some notable hot wallets are:

Electrum: Software that enables you to store your coins on your computer

Mycelium: A mobile-only app for Android and iPhone users

However, hot wallets are not the most secure form of coin storage. If the hot wallet provider is hacked, then your coin information may be at risk.

A cold wallet is the safest storage method for your coins. A cold wallet is an actual piece of hardware that stores your coins, usually, a portable device that’s similar to a flash drive. Most cold wallets cost between $60 to $100. Some popular cold wallets are:

Trezor

Ledger Nano

If you’re only going to purchase small amounts of coin, then you might be fine using a hot wallet with an insured crypto exchange. But if you’re going to be trading large amounts of coin, then a cold wallet would be well worth your investment

3. Connect your wallet to a bank account

When you’ve obtained your wallet, you’ll need to link it to your bank account. This enables you to purchase coins and sell coins. Alternatively, your bank account may be linked to your cryptocurrency exchange account.

4. Place Your Bitcoin Order

Now you’re ready to purchase Bitcoin. Your cryptocurrency exchange will have everything you need to buy. The big question is, how much Bitcoin should you purchase?
Some coins cost thousands of dollars, but exchanges often allow you to buy fractions of a single coin—your initial investment could be as low as $25.
Investing in Bitcoin is very risky, and it’s important that you carefully determine your risk tolerance and review your investment strategy before you purchase any Bitcoin.

5. Manage Your Bitcoin Investments
After you’ve purchased bitcoin, you can:

Use your coins to make online transactions

Hold your coins for a long period in the hopes it’ll appreciate in value

Perform day trading with your coins—that is, buying and selling coins with other Bitcoin owners, which can be facilitated on the cryptocurrency exchange

Your cryptocurrency exchange will provide you with everything you need to buy and sell coins.

Thinking of investing in Bitcoin, also think of investing in other stock of values. Do not cast your whole eggs in one basket, everything about investing all boils down to PROFIT AND LOSS interchangeably.

 

This has been my biggest motivation. I wish to be like you in no distance time, but due to financial instability and other factors beyond my major control, it has always seem impossible to start now. Kudos to this great move, I believe you must be so proud of yourself for taking this bold step. I can't wait to join the moving train. Bitcoin is the future.

I'm feeling honoured for taking cognizance of my communication style. You're right about my little knowledge of Bitcoin, but I think I'm not set to invest yet. There's time for everything, for me, now isn't the right time to invest. Aloha 🕊️

The truth is, there is no specific means of becoming successful in life. Your success and failure solely lyes in you. Dolly Parton would say in her song, coat of many colors: that one is poor only if they choose to be. There's no kind of business that isn't lucrative, the paramount thing there is the total amount of time you can invest in a certain business that determine your ROI. It may also interest you to know that the rich don't work for money, there got money to work for them. Stay focused that's the goal.

I think there's no time that's bad to invest in btc. What matters the most is; are you prepared to withstand the rollercoasters that accompanies Bitcoin investment. No hurry in life and perhaps I ain't no desperate about anything. One of my greatest achievements in life is this "forum", all I have dreamt of is gradually coming to reality. Nonetheless, my investment zeal is as well been triggered gradually. As a btc vendor, you must practice patience.

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical  investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

I love your aura for investing. It takes a million convincing from your crews to be able to take the bull by the horn. I wish I'm you, I envy your courage to invest. Kudos the sky is only just the starting point. You'll never regret this great journey of yours

I have been pondering through these since last night trying to ascertain the core reasons the adoption of Bitcoin is intricate. To dilate the usage of Bitcoin let's take a look at this few following points of mine.

1. Trustlessness:

Risk is what comes to ones mind when you mention btc, people have been made and recked in the market. The trustless ideology have instill greatly in the mindset of the masses as well as the government authorities.

2. Bitcoins are not widely accepted:

Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency.

3. Bitcoin valuation fluctuation:

The value of Bitcoin constantly fluctuate according to demand. Which currency should Bitcoin tied to when comparing valuation? These are still important questions the Bitcoin community still has no consensus over.

4. No valuation guarantee:

Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the market, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.

It takes a strong mind to invest in this kinda system bearing all of these at heart. I do not blame anyone for any reason he or she has to jettison/adopt Bitcoin.

I'm glad to welcome you here my fellow newbie.
First of all, Bitcoin is the first decentralized cryptocurrency whose main attribute is unpredictable, uncertain, volatile, vulnerable and amongst others. Having this at the back of your head in tells that everything concerning Bitcoin is risk. Bitcoin has made people, Bitcoin has as well recked people. It is extremely profitable when you understand the nooks and crannies of the market, on the other hand
you'll experience greatest loss when you have little or no knowledge about the market thereby relying on your friends for guidance. Make extensive research before investing a dime to this kinda market. Its a two edge sword.

This is a great move Op. You're on your way to financial freedom. A journey of a thousand miles only begins with a step. If you're able to invest this same amount at least ones or twice a month bro a swear you'll have every right to be proud of yourself in the nearest future. Just remember, with patience, you'll cook stone eh go soften. Congratulations 🎉 it isn't easy.

One is poor only if they choose to be. The decision to HODL for a long time is solely in your hands. It's left for you to know if to buy in little fraction and DCA just as Michael Saylor is doing to Microstrategy. No body is going to take off this instability in holding your coin for a long time, it is only you, and yourself that is meant to emancipate yourself from such dismay. If your main intentions investing in btc is for financial independence, I'll say you clear such ideology from your head and see btc as it is; with its unpredictable, uncertain, volatile and decentralized nature aspect of it. BTC isn't a Ponzi scheme bro. You got all it take to emancipate yourself to financial independence. A $100 or $200 is going to play a vital role in this journey if you DCA.

People bantering the existence of Bitcoin must have a peculiar reason for doing so. Jamie Dimon has listed his own personal reasons, someone somewhere else also has a tangible reason he or she has to close down Bitcoin and cryptocurrency at large. This is not something we should undermine, cos for them to have a reason whatsoever to close down btc, btc must have done something wrong to them or they do not have any formal knowledge about the market. Any one who pose such impression shouldn't be fought by us the vendors cos what rocks my boat might sink yours. Aloha 🕊️.

Profit and loss is what is expected in every business venture; Bitcoin or no Bitcoin investment. Loss could be the anchor that triggers your zeal to invest more and gather more experience to avoid further losses. On the other hand, loss can be the end of the road for you in the business venture, cos it may lead to depression and heartbreak. But I have come to realize, looking at the nature of Bitcoin and other altcoins, I have learnt not to invest what you cannot afford to lose. I stand a chance to be corrected

Those who have the fore eyes like this are the greatest investors in life, be it crypto or any other investment strategy. I envy him via his huge profit but no one know how many times he lost in the process. Time, patience and perseverance is the key to acquire such a huge amount in Bitcoin investment. Congratulations Michael and more grace to your elbow. I will say I would love to be like you, but deep down I don't know what had really trespassed all this years

You're actually far from the truth I must tell, you saying shit. However you may retwist it; Bitcoin is uncertain, Bitcoin is vulnerable, Bitcoin is volatile, Bitcoin is an investment. Use your head and forget what others say about the market cos these are the core attributes of Bitcoin and cryptocurrency in general.  Copy and paste ain't gonna expand your scope about the market. My friends are right cos I talk out of sophistication. I have alot to unveil, yet you ain't here to learn from a dumbass like me. Aloha 🕊️

Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

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• they see bitcoin and other cryptocurrency as not trustworthy, as the value changes.

The truth is that cryptocurrencies are still in their infancy and its impossible to predict how they will evolve overtime. The greater the dominance of Bitcoin, the more fearful the market is and the lesser the Bitcoin dominance, the greater the crypto market becomes. It cannot be regulated, it is used by criminal, and it can help citizens circumvent capital controls; is amongst the greatest challenges facing government about Bitcoin. Twelve years ago after its inception, the world is still deciding what Bitcoin does as well as how it should be classified cos there have been lots of complications.
    

The world is still deciding what Bitcoin does as well as how is should be classified, after it's inception twelve years ago . Practically, Bitcoin isn't isolated from the traditional banking system because its price is supported by USD bank liquidity making its trade as a speculative asset rather than a currency.

Satoshi Natamoto envisioned Bitcoin as an alternative to traditional fiat currencies. If Bitcoin had been trading on its core value proposition - the ability to be your own bank - then Bitcoin would have rallied with rising bank uncertainty

After all, Bitcoin network suffers from scalability issues and high transaction fees, leading many to believe that Bitcoin is more of a store of value than an alternative form of cash. With Bitcoin and other cryptocurrency, we're faced with a more futuristic form of money