I want to get started in Bitcoin tips?

[Krythax]

Title says a lot by itself, I am really interested in Bitcoin and want to get into the market. Does anybody have some helpful guides or tips? I know how Bitcoin works but I am looking for investment tips and how to be safe and what to look for! In the future I may want to start a small business with this.

 

[Zyger]

Tip: Buy all of my BTC

 

[MrMemes]

There's no guarantee that you will profit. There was a huge bump to bitcoin which will probably either rise or pop and you will be screwed. It's an Investment like any other. You can profit , or lose.

No not really, overall BTC will rise, it may go down, but ultimately it will rise due to a limited amount.

 

[Krythax]

Do you want to get into BTC or Crypto as a whole? I hope you mean the latter, because if you only want to invest in BTC (and you intend to make this a real investment), putting all your eggs in one basket isn't exactly the best idea. If you want to make smart investments, you need to be smart. Do your own diligence and read up on what coin or token you want to invest in, and evaluate the project on your own. When I am interested in a new crypto, I like to do a few things that help me ascertain if it will be a good investment opportunity or not. Of course, the advice I am about to give you is not at all conclusive, and you should absolutely (again) do your own due diligence and research your investments how you want to research them. No one here is going to give you a golden egg that will make you 1000% profits with no effort, otherwise we would all be rich. That being said, this is how I like to research cryptocurrencies:

• First and foremost, look at the problem the crypto is trying to solve. Is there really a problem there? Is there market need for the solution that the crypto provides? A lot of the time you will see ICO (initial coin offerings) that have very specific, very unnecessary niches. These are the kind of coins that you want to be wary of. If the crypto solves a problem that is real and needs solving, then that's a green light (but not all you need to know before dumping your college funds into it).
• Look at the whitepaper. This is an umbrella term that encapsulates anything from the team working behind the coin to the purpose of the coin to other unique features. When I look at a whitepaper, I look first to the team behind it -- do they have names I know and recognize or are they all nobodies? If the team is made up of well known, reputable members of the crypto ecosystem, then that's another green flag.
• Look at the charts. Do you see massive spikes of double or more the coin's current value in it's past? Are they common? These are called "pump and dumps", where major groups of people "pump" their satoshis into a coin to make the price raise (supply vs. demand), and then "dump" their coins at the peak, selling as people want to get out. This is a very common form of market manipulation, and you will see this in a lot of coins that don't have major resistance. Even BTC had P&D's in it's beginning days. If a coin is absolutely riddled with P&D's, that doesn't necessarily mean that the coin is a scam -- it may just be that it's a target for P&D's because it has a reliable standard price that it will fall back to and maintain.
• Research other's opinions. You can find massive hubs for crypto discussions all over the internet. However, do not exclusively read positive opinions -- look for posts criticizing the coin(s) and posts praising it. Read both sides of the argument, and build your own opinion based off of that. If you ever believe a coin has zero faults, then you are being blindly lead into a poor investment. Every single coin has it's pros and cons, and as long as you are aware of the cons as much as you are aware of the pros then at the very least you have made an informed investment.

The first two points are what I consider to be the most important to consider when looking at a potential investment. If you have faith in the team, and faith that the crypto solves a valuable problem, then buy as much as you can afford to lose and hold on till you start seeing green.

Regardless of what I said at the beginning, I hold $BTC, $LTC, $IOTA, $XMG, and $VTC. I have seen a lot of profit and a lot of loss over my days. Do your own research and make sure you are making an informed decision and not falling prey to FOMO (fear of missing out), and you will be able to make lots of money in crypto.

Is there any one website that is credible with crypto news? Might sound like a dumb question, just wondering. Also, how much do you suggest to start out with when investing, does that matter that much?

 

[TBK]

Invest into bitshares (BTS)

 

[InsertNameHere]

If your in it for the money then dont bother, if not thrn pm me and ill add you on skype and answer all of ur questions

 

[Krythax]

If you can't access coinbase, how do you buy them?