10 Bitcoin Quotes That’ll Get You Inspired To Invest

By Richard Goodwin •  Updated: 11/06/20 •  5 min read

Bitcoin has and will continue to change the world in the coming years, after years of growth and controversy, the world’s most popular cryptocurrency is showing no signs of slowing down…

Here are 10 quotes from famous and influential people discussing their opinions and views on bitcoin (BTC)…

10 Bitcoin Quotes By Famous People & Tech Billionaires

Should I Invest In Bitcoin?

If you’re interested in investing in bitcoin, you’ll first need to sort yourself out with a bitcoin wallet – I use Paxful. Once you have a bitcoin wallet setup, you can then connect your bank account to the wallet’s provider – in this case, Paxful – and use its exchange to buy bitcoin.

10 Bitcoin Quotes That’ll Get You Inspired To Invest
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You can buy $10 or $10,000 of bitcoin, it is entirely up to you. My advice, however, as someone that has invested thousands of dollars into bitcoin would be to start SLOW and SMALL.

Bitcoin is super volatile, so you want to bide your time and buy bitcoin only when the market is appropriate. If the price of bitcoin is going through the roof, that is not the time to buy – you want to sell when the price is high.

When the price comes down or bottoms-out, that’s when you buy bitcoin. Buy low, sell high – it’s a simple maxim that works with stocks and cryptocurrencies like Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Basic Attention Token (BAT), 0x, (ZRX) and USD Coin (USDC).

The bull has now bolted on bitcoin, however, so the glory days of making SERIOUS money with very little risk are well and truly over. But that’s OK, there’s still plenty of growth and value left in bitcoin for savvy investors.

For instance, say you have a spare $1000 laying around and you want to invest it. Right now, it’s just sat in the bank doing nothing. But if you used that $1000 to buy bitcoin – or another crypto – and you hold it for the long haul, it could grow into a pretty tidy sum in not too much time.

The value of your bitcoin will fluctuate, moving up and down, but, if the market stays as is, you will stand to make gains in the long run. The value of cash is essential nil right now, so I’d much rather be holding $1000 in bitcoin than cash in the bank.

All you have to keep in mind is that investing – either in bitcoin or the stock market – is a long term business. You don’t get it into it to make quick bucks. You do it for the long haul to generate liquid assets in the medium to long term, so anywhere from five years from now to 50.

Learn How To Buy Bitcoin

If you need advice about getting into bitcoin, I would strongly advise you check out this course – it covers everything related to bitcoin, the blockchain, and how to get started with investing in bitcoin.

Paxful Bitcoin Wallet
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The Paxful Wallet For iPhone App

Once you have a decent grounding in what makes bitcoin tick, get yourself a bitcoin wallet, join up with an exchange, and start buying and selling bitcoin or other cryptocurrencies.

As noted earlier, I use Paxful because it has both an exchange, where you can buy and sell bitcoin and other cryptocurrencies, and a wallet for iPhone, so you can basically do everything under one roof. And for me, this is the perfect way to buy, sell, and manage my bitcoin investments.

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Richard Goodwin

Richard Goodwin has been working as a tech journalist for over 10 years. He is the editor and owner of KnowYourMobile.

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