What would it take for you to invest into Bitcoin?

[Danny4cash]

Actually your knowledge, skills and the investment fund is the most important requirement to invest in bitcoin. people are always advise, before they invest, they should be able to know what is best for them.

One of the basic knowledge of investing in bitcoin is that you buy when it's price is low and sell when it's high. So, if the price bitcoin fall and you have some money you're not needing anytime soon, you can invest it on bitcoin.

 

[Ononivami]

Bitcoin is the foremost cryptocurrency that each and everybody will want to try . The whales in the cryptocurrency space will always want to invest in Bitcoin because they know it will give them more profit due to its high volatility.

 

[Potuse]

Bitcoin is a very volatile cryptocurrency and it needs a lot of research before you can think of investing in this type of coin so that you will not lose your fund very quickly.

 

[Genie01]

For one to invest into Bitcoin or any other coin, one must conduct a proper research about how the coin operates and the probability of making profits at that very time.

 

[Danny4cash]

Personally, I would like to start investing in cryptocurrency in 2023. But I think investing now wouldn't be so bad especially if you are investing and good cryptocurrencies like bitcoin and ethereum.

It's not bad if you're investing on bitcoin and euthereum now. The only thing is to invest on bitcoin or euthereum now you need a lot of money. That's many don't look at the option of investing on bitcoin and euthereum.

 

[eenya00]

I am not investing in bitcoin just for one simple reason, it is too expensive for me to tart investing..I need $20k just to buy one bitcoin. I rather invest in altcoin that is unde $5 because I can make better profits because altcoins tend to gain better price compared to bitcoin.

This is what I am also doing at the moment, I can not just go and invest on just Bitcoin alone as the current price would not make me get so much value for my investment.

 

[Nomad]

If you look at the price trend of bitcoin and altcoins, you will see every time Bitcoin gains valkue by 10 X altcoins will gain value by 20x. However, you also need to realize that not all altcoins will gain value by 2x.

 

[Chibson]

It's not bad if you're investing on bitcoin and euthereum now. The only thing is to invest on bitcoin or euthereum now you need a lot of money. That's many don't look at the option of investing on bitcoin and euthereum.

I don't think investing because I need a lot of money is a very good idea. cryptocurrency is not a get-rich-quick scheme and the market is very risky. I can only Invest what I can easily let it go.

 

[Riberet19]

I don't think investing because I need a lot of money is a very good idea. cryptocurrency is not a get-rich-quick scheme and the market is very risky. I can only Invest what I can easily let it go.

Exactly, that is, those who come to the ecosystem only because they heard stories of getting rich fast or that it is to invest in cryptocurrencies and everything is glories and profits are the first to leave the market terrified selling their assets in panic.

 

[Potuse]

It takes thorough investigation and understanding of the antecedents of Bitcoin before you make an attempt to invest in . You must be able to carry through proper chart analysis.

 

[Good-Person]

It takes thorough investigation and understanding of the antecedents of Bitcoin before you make an attempt to invest in . You must be able to carry through proper chart analysis.

I reckon that I would invest in bitcoin if bitcoin becomes range-bound. There are time when the bitcoin does become range-bound and during this time, I gain much benefits from bitcoin investments.

 

[Chibson]

Exactly, that is, those who come to the ecosystem only because they heard stories of getting rich fast or that it is to invest in cryptocurrencies and everything is glories and profits are the first to leave the market terrified selling their assets in panic.

Yeah, anyone who is not able to acquire the necessary knowledge required to trade in the financial market will end up being terrified and selling everything in losses. I was among such people.

 

[Ononivami]

To invest in Bitcoin, you will need certain amount of money and it is a cryptocurrency that has a lot of potentials . Making investment decisions in Bitcoin is not a bad idea.

 

[Imran_Noori]

Before you invest your money in cryptocurrency it is always important and necessary you acquire the necessary knowledge. You also need to invest money you can easily let go to avoid regret.

These are the two main rules before investing in cryptocurrency.

1. Do your own researches before investing in a coin.
2. Do not invest more than you can afford to lose.

 

[Chibson]

These are the two main rules before investing in cryptocurrency.

1. Do your own researches before investing in a coin.
2. Do not invest more than you can afford to lose.

Definitely, even professional cryptocurrency traders always advises people to do their own research before investing. The importance of making your own research before putting your money in the market cannot be underestimated

 

[Imran_Noori]

Definitely, even professional cryptocurrency traders always advises people to do their own research before investing. The importance of making your own research before putting your money in the market cannot be underestimated

By doing your own researches you will be able to learn new things about cryptocurrency market, you can not make money with crypto without having enough knowledge.

 

[Chibson]

By doing your own researches you will be able to learn new things about cryptocurrency market, you can not make money with crypto without having enough knowledge.

Probably, in the cryptocurrency space a lot of knowledge is needed if you want to become successful. there is no way you can be able to succeed if you don't have proper knowledge of how to read the direction of the market.

 

[Imran_Noori]

Probably, in the cryptocurrency space a lot of knowledge is needed if you want to become successful. there is no way you can be able to succeed if you don't have proper knowledge of how to read the direction of the market.

Reading the direction of the market or technical analysis is mostly for short term traders but long term investors usually use fundamental analysis.

 

[Chibson]

Reading the direction of the market or technical analysis is mostly for short term traders but long term investors usually use fundamental analysis.

Yeah, that is why you need to understand the both of them if you want to invest or trade cryptocurrency. It will help you to understand both the short-term and long-term market direction.

 

[Imran_Noori]

Yeah, that is why you need to understand the both of them if you want to invest or trade cryptocurrency. It will help you to understand both the short-term and long-term market direction.

This is a must for everyone who wants to start his or her journey in crypto, not only with crypto but in every field you want to start a career, you should definitely have the knowledge of it.