How to start investing in bitcoin?
Hello. I have a question. I just got interested in the subject of cryptocurrencies and would like to invest some of my wallet in bitcoin. How to start investing in bitcoin?
Hello. I have a question. I just got interested in the subject of cryptocurrencies and would like to invest some of my wallet in bitcoin. How to start investing in bitcoin?
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23 answers
To start investing, you need to acquire appropriate knowledge. Remember that by investing in cryptocurrencies without even knowing the basics, you increase the risk of losing your funds.
To start investing, you need to acquire appropriate knowledge. Remember that by investing in cryptocurrencies without even knowing the basics, you increase the risk of losing your funds.
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Start with education because you can lose your funds very quickly with the price turmoil of cryptocurrencies.
Start with education because you can lose your funds very quickly with the price turmoil of cryptocurrencies.
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I recommend looking at foreign youtube channels. There you will find a lot of information about investing in bitcoin. The most important thing is to set a strategy and stick to it no matter what... Also remember not to fall into the so-called FOMO, i.e. fear of missing out. This civilization disease can lose a novice investor in the world of cryptocurrencies.
I recommend looking at foreign youtube channels. There you will find a lot of information about investing in bitcoin. The most important thing is to set a strategy and stick to it no matter what... Also remember not to fall into the so-called FOMO, i.e. fear of missing out. This civilization disease can lose a novice investor in the world of cryptocurrencies.
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First, create and verify an account at coinbase.com. This is the easiest method to buy cryptocurrencies by card or bank transfer. Coinbase offers a secure mobile phone wallet connected to the exchange.
First, create and verify an account at coinbase.com. This is the easiest method to buy cryptocurrencies by card or bank transfer. Coinbase offers a secure mobile phone wallet connected to the exchange.
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Start by learning the basics. You can find many materials on youtube and google. Just enter the phrase "how to start with cryptocurrencies course" and you will see a lot of results.
Oh, and most importantly, once you invest, it's the amount you can afford to lose.
Start by learning the basics. You can find many materials on youtube and google. Just enter the phrase "how to start with cryptocurrencies course" and you will see a lot of results.
Oh, and most importantly, once you invest, it's the amount you can afford to lose.
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Education, education and more education.
First, read a book, maybe even about investing in general. Then browse google and youtube. To get started in the cryptocurrency market, you need to understand how bitcoin and blockchain technology work.
Once you get the right knowledge, set up a demo account and practice trading. Once you decide that you want to invest real money, create an account on Binance and act.
Remember not to invest more than you can afford to lose! Regards!
Education, education and more education.
First, read a book, maybe even about investing in general. Then browse google and youtube. To get started in the cryptocurrency market, you need to understand how bitcoin and blockchain technology work.
Once you get the right knowledge, set up a demo account and practice trading. Once you decide that you want to invest real money, create an account on Binance and act.
Remember not to invest more than you can afford to lose! Regards!
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Set up an account on the Polish Kanga Exhange exchange, it literally takes a moment. Then, by the usual, simplest transfer, transfer PLN there. If you are afraid that you might do something wrong, try first with a smaller amount, e.g. PLN 50. In the case of traditional transfers, the commission is 0%, so you lose nothing, and if you are new, it will save you stress. Also remember that this is a bank transfer, so even if something was wrong, your money will be refunded. In the world of cryptocurrencies and blockhain, you will no longer be able to count on such privileges.
The transferred PLN will be converted from the vending machine to your first OmegaPLN stablecoin. With it, you can either buy your first cryptocurrency (I recommend bitcoin) or another stablecoin, e.g. USDT (Tether). And voila, you are already in the world of cryptocurrencies.
The advantage of this method is that you do not lose anything on commissions, you do not have to worry about currency conversion and simplicity, because an ordinary traditional transfer can be done by anyone.
Set up an account on the Polish Kanga Exhange exchange, it literally takes a moment. Then, by the usual, simplest transfer, transfer PLN there. If you are afraid that you might do something wrong, try first with a smaller amount, e.g. PLN 50. In the case of traditional transfers, the commission is 0%, so you lose nothing, and if you are new, it will save you stress. Also remember that this is a bank transfer, so even if something was wrong, your money will be refunded. In the world of cryptocurrencies and blockhain, you will no longer be able to count on such privileges.
The transferred PLN will be converted from the vending machine to your first OmegaPLN stablecoin. With it, you can either buy your first cryptocurrency (I recommend bitcoin) or another stablecoin, e.g. USDT (Tether). And voila, you are already in the world of cryptocurrencies.
The advantage of this method is that you do not lose anything on commissions, you do not have to worry about currency conversion and simplicity, because an ordinary traditional transfer can be done by anyone.
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Watch various indicators such as the free site lookintobitcoin.com where you can check where the market is at. If, as now, the indicators show that we are close to the bottom, then you can pay more. Whatever you do, remember that investing in BTC only makes sense in the long term, the longer you hold it, the less risky the investment is.
As soon as you accumulate some more substantial amount (individual matter, it can be $ 100 1000& or more) then withdraw to an external wallet (e.g. Ledger, in the promotion you can buy for about $ 50-70, it is important to buy directly from the Ledger website, otherwise traffic for some scam).
And then read, watch movies, interviews, etc. Just educate yourself.
Greetings
Watch various indicators such as the free site lookintobitcoin.com where you can check where the market is at. If, as now, the indicators show that we are close to the bottom, then you can pay more. Whatever you do, remember that investing in BTC only makes sense in the long term, the longer you hold it, the less risky the investment is.
As soon as you accumulate some more substantial amount (individual matter, it can be $ 100 1000& or more) then withdraw to an external wallet (e.g. Ledger, in the promotion you can buy for about $ 50-70, it is important to buy directly from the Ledger website, otherwise traffic for some scam).
And then read, watch movies, interviews, etc. Just educate yourself.
Greetings
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In fact, before someone decides to buy, they should start with learning about crypto.
However, I would not recommend starting with Coinbase, because transaction fees, especially with the FIAT-Krypto exchange, are really high.
The cheapest place where you can buy crypto is of course the largest in terms of volume, the Chinese Binance exchange:
https://www.binance.com/pl/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00BAMHHXAB
If someone expects Polish service and an easier process, at the expense of a higher commission, I would recommend our Polish Kanga exchange:
https://trade.kanga.exchange/auth/register/?refToken=baae1d12-ddfd-437f-b1c3-db05043352aa
The most important thing to remember is that the exchange is only used to buy cryptocurrency, not to hold funds on it. Regardless of which exchange you choose, after the purchase you should withdraw crypto to a wallet to which only you have the private key.
In fact, before someone decides to buy, they should start with learning about crypto.
However, I would not recommend starting with Coinbase, because transaction fees, especially with the FIAT-Krypto exchange, are really high.
The cheapest place where you can buy crypto is of course the largest in terms of volume, the Chinese Binance exchange:
https://www.binance.com/pl/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00BAMHHXAB
If someone expects Polish service and an easier process, at the expense of a higher commission, I would recommend our Polish Kanga exchange:
https://trade.kanga.exchange/auth/register/?refToken=baae1d12-ddfd-437f-b1c3-db05043352aa
The most important thing to remember is that the exchange is only used to buy cryptocurrency, not to hold funds on it. Regardless of which exchange you choose, after the purchase you should withdraw crypto to a wallet to which only you have the private key.
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Zapoznaj się z tematem jak założyć konto na giełdzie i kupuj strach. Gdy rynek krwawi to najlepszy moment na zakup.
Zapoznaj się z tematem jak założyć konto na giełdzie i kupuj strach. Gdy rynek krwawi to najlepszy moment na zakup.
To learn more on depositing your money through Luno the are videos on YouTube on how you deposit money on luno app step by step.
To learn more on depositing your money through Luno the are videos on YouTube on how you deposit money on luno app step by step.
And how to finish?
Ask yourself:
Do I invest in BTC today and end up when the price of BTC goes up
by 100%, or maybe 200%, or maybe I'll finish when the price hits again
ATH (All Time High), or I hold longer with the thought that someday someone will tell me when to exit the market.
You must answer this question, be consistent and implement your assumptions. It's easy to start and hard to finish.
Before buying BTC, you should think about where to keep the purchased BTC (for example, Ledger) because keeping funds on
the stock market is not safe.
You can quickly and easily set up an account on an exchange, for example on Binance, and invest in BTC using a payment card. Quick, easy, but not cheap because the payment card transactions are charged for the service.
Regards.
And how to finish?
Ask yourself:
Do I invest in BTC today and end up when the price of BTC goes up
by 100%, or maybe 200%, or maybe I'll finish when the price hits again
ATH (All Time High), or I hold longer with the thought that someday someone will tell me when to exit the market.
You must answer this question, be consistent and implement your assumptions. It's easy to start and hard to finish.
Before buying BTC, you should think about where to keep the purchased BTC (for example, Ledger) because keeping funds on
the stock market is not safe.
You can quickly and easily set up an account on an exchange, for example on Binance, and invest in BTC using a payment card. Quick, easy, but not cheap because the payment card transactions are charged for the service.
Regards.
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1. I recommend Phil Konieczny for some education.
2. Purchase of a hardware wallet, e.g. Ledger.
3. Registration on some well-known and safe exchange
4. Buying a bitcoin and transferring it to a secure hardware wallet
5. Get rid of emotions, learn not to panic under the pressure of information.
5. further education or if you play long-term waiting for increases.
In short, of course. :)
1. I recommend Phil Konieczny for some education.
2. Purchase of a hardware wallet, e.g. Ledger.
3. Registration on some well-known and safe exchange
4. Buying a bitcoin and transferring it to a secure hardware wallet
5. Get rid of emotions, learn not to panic under the pressure of information.
5. further education or if you play long-term waiting for increases.
In short, of course. :)
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Invest in books such as Benjamin Graham Intelligent Investor, Trading Psychology, Day Trading, Blockchain, Trading Psychology, Japanese Candles and Price Chart Analysis, Price Action Trends Analysis. Memories of a Stock Player, How I Dropped 2 Million.
These are, of course, book suggestions, not required reading - some speculate, others use AT. Depends on what you want to do, how to invest - whether to trade futures or buy low prices and hold as it grows. You must first check and determine the risk threshold, check how you feel, for example, with a losing position (it's inevitable).
Invest in books such as Benjamin Graham Intelligent Investor, Trading Psychology, Day Trading, Blockchain, Trading Psychology, Japanese Candles and Price Chart Analysis, Price Action Trends Analysis. Memories of a Stock Player, How I Dropped 2 Million.
These are, of course, book suggestions, not required reading - some speculate, others use AT. Depends on what you want to do, how to invest - whether to trade futures or buy low prices and hold as it grows. You must first check and determine the risk threshold, check how you feel, for example, with a losing position (it's inevitable).
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Just remember not to open an account on some noname exchanges that easily roll up with investors' money.
Just remember not to open an account on some noname exchanges that easily roll up with investors' money.
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The best thing to do is look for some online courses on the subject. The most important thing is knowledge, because you can easily lose your funds in the price turmoil of cryptocurrencies.
The best thing to do is look for some online courses on the subject. The most important thing is knowledge, because you can easily lose your funds in the price turmoil of cryptocurrencies.
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The best thing to do is look for some online courses on the subject. The most important thing is knowledge, because you can easily lose your funds in the price turmoil of cryptocurrencies.
The best thing to do is look for some online courses on the subject. The most important thing is knowledge, because you can easily lose your funds in the price turmoil of cryptocurrencies.
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First of all, invest in education. Buy a book first, familiarize yourself with the topic, and only then play for real money. Otherwise, you can lose your money very quickly.
First of all, invest in education. Buy a book first, familiarize yourself with the topic, and only then play for real money. Otherwise, you can lose your money very quickly.
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