Looking To Get Into Bitcoin

[Cooper Hale]

What would y'all recommend doing?

 

[hgbf]

My only advise is to be careful about what advise you're listening to. There are a lot of scams and people that want your money. There are a lot of "experts" who have no clue what they're doing. Be careful and take everything with a grain of salt.

Oh, and mcm might not be the best place for this topic. I doubt many people here have more than maybe $1000 invested.

 

[knick]

Pretend you've already lost your money. Wait for a 30-40% dip and have some money set aside in Coinbase or whatever exchange you plan on buying BTC on and get ready to buy the dip. As soon as your money goes 1.5x-2x, cash out your initial investment and let your profits run freely. Honestly, a few tips are: don't be too greedy and don't be too fearful. Also know that if anything in crypto goes up too fast, it'll most likely fall down fast. Crypto is surrounded by hype and it's a dangerous scene but if played correctly, your cards will make you rich.

 

[Cooper Hale]

Wait till it crashes, don't invest anything that you aren't willing to lose, go in assuming you'll experience some losses, don't get greedy, and never sell at a loss, just ride it out.

Just about 3 months ago it was down ~50%. That's an example of a good time to buy.

Thanks for the information!

My only advise is to be careful about what advise you're listening to. There are a lot of scams and people that want your money. There are a lot of "experts" who have no clue what they're doing. Be careful and take everything with a grain of salt.

Oh, and mcm might not be the best place for this topic. I doubt many people here have more than maybe $1000 invested.

Thanks for the advise!

Pretend you've already lost your money. Wait for a 30-40% dip and have some money set aside in Coinbase or whatever exchange you plan on buying BTC on and get ready to buy the dip. As soon as your money goes 1.5x-2x, cash out your initial investment and let your profits run freely. Honestly, a few tips are: don't be too greedy and don't be too fearful. Also know that if anything in crypto goes up too fast, it'll most likely fall down fast. Crypto is surrounded by hype and it's a dangerous scene but if played correctly, your cards will make you rich.

Awesome advise, thanks!

 

[Captain Pre]

Dont trust Any Mentors, Auto Trading Bots or Anything That Promises To Teach You How to Trade in 30Days.

Stay away from crypto gambling!

Study the market, Use your knowledge, and move forward.

I have lost more than i made on bitcoin

 

[Cooper Hale]

INVEST IN DOGE COIN

Haha, have seen that going around. Will put a few dollars in.

pump all your savings into bitcoin, couldnt go wrong

I'm gonna wait for bitcoin to drop a little bit more, then am going to put a good amount into bitcoin.

Dont trust Any Mentors, Auto Trading Bots or Anything That Promises To Teach You How to Trade in 30Days.

Stay away from crypto gambling!

Study the market, Use your knowledge, and move forward.

I have lost more than i made on bitcoin

Awesome advise, thanks!

Been investing for almost 2 years with a couple thousand. Some advice above me is correct and wrong at the same time. Obviously everyone knows to buy low and sell high but the reality is that is literally unpredictable. The economy is falling and yet stocks as a whole are going up.

The stock market rarely reflects reality and it's wildly unpredictable so buy in and sell out whenever you feel is acceptable gains/losses for you. For example, Tesla does great and then a single tweet from Elon makes it drop a couple hundred dollars in minutes.

Expect to lose everything you put in, though it's unlikely it is possible. Know that in the long run odds are you will make money it's just how much (and by long run I don't mean a week, I mean months minimal).

For how you would invest in that you gotta be 18 and Robinhood is a really good place to start. If you want to send me a message there is a referral code deal where we could both get up to a couple thousand dollar stock (but the odds are so low, expect like 50 cents to a couple bucks).

This is the best advise I have gotten, I will be certainly messaging you in the near future.