Why are most newbies only interested in the profit they will make from bitcoin investment. Investing in bitcoin can be profitable but also risky so you shouldn’t be blinded by the profit of it only and rather understand it’s concept so you know what you are getting into and the risk associated with it. Understand Bitcoin is not a get rich quick scheme and you need to first acquire basic knowledge at least before investing any amount into it.

You are directed to right place where you gain bitcoin knowledge for free and anything you need to know about bitcoin will de shared with you. You need to understand that in cryptocurrency you don’t just invest in any project because someone told you to do so, crypto market can be deceiving so you need to carry out research on your own and decide when to invest and what project to invest in. Of all cryptocurrencies Bitcoin is the best, safest and most reliable to invest in and it wouldn’t matter when you invest because of its high potential to rise in price but you should also expect the opposite.

$500 is not a bad start but you can accumulate more with time and I hope what you intend to invest is an amount you can afford to lose and hope you intend to hold for a long period of time. Profit isn’t certain but investing for a long period will certainly yield profits so have it in mind that your $500 investment is an amount you don’t have any plan of using any time soon.

It is better you learn and understand about bitcoin yourself and understand the concept of bitcoin wallet and its security because no one can be trusted especially when money is involved. If you let him create a wallet for you and buy you bitcoin then it means he will have access to your private key and your wallet and as such he can access your wallet anytime and move your funds.

Always safeguard your private keys and it should be known to you alone and anyone you can trust with your assets.

Also don’t forget to read the rules of the forum here so you don’t break any rules and get penalized.

Here are some links that will give you better understanding about bitcoin, bitcoin wallet and its security.
https://www.learnmeabitcoin.com
[General] Bitcoin Wallets - Which, what, why?

You can also take a look at @JayJuanGee Outline of Bitcoin investment ideas

Investing in Bitcoin is a wise Idea if you have Spare money to Invest.  Keep these things in your mind while investing in Bitcoin.

1: Create Your wallet by yourself. do not let anyone else create your wallet. there are tons of tutorials and how to guides you can learn.
2: Do not share your keys/seed phrase to anyone. keep them somewhere safe.
3: Buy bitcoin from a trusted Exchange (Binance is a Good option)

one more thing you should keep in mind that Bitcoin itself might not be profitable just by buying and keeping it in your store (it might as well be profitable too if bitcoin price increases) so keep all these points in your mint and make your next move.

First of all, welcome to the forum and to the world of cryptocurrencies.

It's never too late to start investing in Bitcoin. If I were you, I'd make a budgeting plan to invest anywhere from $50 to $100 per week or month, whatever you can afford, of course. That way, you're decreasing your risk while gradually expanding your portfolio. Don't put $500 and expect to double your investment within the blink of an eye. Bitcoin's value currently ranges from $41.000 to $43.000. In order to double your $500, it'll need to surpass its previous ATH and reach over $80.000. With the mindset your friend has implanted in you, you'll have given up by then. Slow but steady growth is the key.

And most importantly, no one should create the wallet for you; it's a simple process; just download Electrum or any other desktop wallet that looks good to you. It's an extremely easy process; you can find plenty of guides here, like others have already provided you with, and plenty of others online, including videos.

Not everyone offering advice is a crypto guru. Some might be genuine enthusiasts, others might be seeing dollar signs and flashing visions of Lamborghinis in your eyes. So, before blindly trusting your friend's suggestions, drill down deeper. Ask them the tough questions: What's their track record? What's their evidence for their bullish predictions? Are they basing their advice on sound analysis or just wishful thinking? Don't be afraid to be skeptical – your financial future depends on it.

And don't stop there. Do your own research, bro! Dig into the white papers, decipher the technical jargon, and understand the underlying tech that fuels these digital currencies. Knowledge is your shield against misinformation and hype, your compass in the ever-shifting crypto landscape.

I hope you get the answers you need here, and welcome to the forum. The fact that a friend told you about bitcoin and even advised that you invest in it is great to hear actually. That being said, you should also be aware that bitcoin is unstable, which means that its price will change based on the market. Bitcoin can indeed be extremely profitable—but only if the market is high and you are willing to take the risk and hold for the long term.  But before you invest, make sure you read up on how it works and do a full analysis to understand the advantages and disadvantages of the investment and to ensure that nobody loses out.

Allowing someone, even a buddy, to create a bitcoin wallet on your behalf is not acceptable in my opinion. Since your private keys, which are required to access and utilize your bitcoins, are contained in it. Additionally, you run the danger of losing your money if you allow your friend to open a bitcoin wallet on your behalf because you never know when they might become dishonest, irresponsible, or hacker-prone.  And You also forfeit privacy and control over your finances. It would be best if you looked up how to make your wallet. After all, you should learn about bitcoin on your own and be knowledgeable about it before trying to figure out how it works. You can search on YouTube or read the discussions here, especially the ones they provided you, as there are a variety of information sources available these days. I'm sure it will be helpful.

Have you tried to find out? The Internet is full of various guides.

I would start my journey into investing in bitcoin of a smaller amount. For example, $20-50.

This was one of the best recommendations. Now read and rethink the information received here.

Have you tried using your head to make your own decisions? Do you really need to get outside guidance?

Sounds like the start of a little scam. Would you give money to a guy in the back alley so that he would go to the bank for you and open an account there in your name?

Open your browser with Google and use your brain to do it all yourself. It’s time to learn how to independently deal with the issues of storing your money.

The sooner you master the basics of operation with bitcoin, the better it will be for you. Get used to independence with it.

Do you want to hear permission to buy bitcoin? This forum is dedicated to bitcoin and almost all users are investors and fans of investing in it. Here you will only get one type of answer to your question.

Yes, there is a very active discussion space here about all things related to crypto, including political discussions. You can choose for yourself which part you want to focus on.
Regarding the idea of cryptocurrency, I don't have a good one either because cryptocurrency is very common and there are many types.

Investment can be done by everyone as long as the person wants to do it. Poor or rich can invest.
Is Bitcoin investment profitable? depends on how people do it. If it is short term, I don't dare to guarantee that profits will be obtained. Long term, I dare say yes, it will be profitable from price returns.

In Bitcoin investment, it is important to know about wallets as a place to store Bitcoin. Terms are not your keys not your coins. Learn or join discussions about wallets to make it easier for you to secure your Bitcoin assets.

you are right to come to this forum. here you can find everything you need to know about investing in bitcoin, from choosing an exchange, wallet, to how to secure it, you can find it here. you can also see people's analysis and predictions about bitcoin from this forum. whatever you want to find out, you can use the search button above and find the topic you want to know. or you can open a thread like this and discuss with other users about problems or questions you want to ask. welcome to this forum and good luck for your investment.

You can invest with his suggestion or can even add more if you have enough capital that you can use to invest. If you don’t have, you can employ the method of DCAing which is one of the best method to accumulate bitcoin overtime if you’re not lump summing. Have in mind that, your bitcoin investment is not a fund to be touched for emergency needs, try and have extra funds for that if you really want to make a lot of profit in bitcoin when you invest for the long term.


How much do you trust that your friend that you want him to open the wallet for you? In bitcoin investment, it is very sensitive not to give out your wallet information to anyone or disclose to anyone because if you do, they will also have access to your wallet and can send your money out at anytime. Instead of him opening the bitcoin wallet for you, let him guide you on how to do that and you can as well search online for most reliable personal wallets to use for your bitcoin savings.