Unfortunately I can't buy a hardware wallet in my country.I don't have enough fiat money to buy such hardware+pay for shipping and I don't want to spend my bitcoins for a wallet.
I get your point here.Having a storage wallet will kinda force you to HODL your coins for the long term and not being a victim of your greed and desire for fast profits.
Topic: A big advice on how to invest with BTC - page 2. (Read 485 times)
Choosing great place to put your money is really a must because your money is important and it should be in the right place. We must follow the rule of diversification because investing in just one coin is too risky.
This is a great a advice to look for a better storage, because newbies failed on this one as they also focus on how to make profit easily. This market is consist of a lot of scammers, and greedy people and if you don’t take action to protect your own belongings, for sure you will lose it later on.
This is a great a advice to look for a better storage, because newbies failed on this one as they also focus on how to make profit easily. This market is consist of a lot of scammers, and greedy people and if you don’t take action to protect your own belongings, for sure you will lose it later on.
Hello world.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
This should be done by everyone, some people are too cheap and think they do not need to invest in a hardware wallet but if you had millions of dollars will you have your money laying around everywhere or will you buy a safe? The same principle is at play here, it is better to buy a hardware wallet where most of your money is safely stored and only carry with you the money that you could use during the day. So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
The best way to invest in bitcoin is to go back to 2016 or earlier. Other than that, rots of fuckin' ruck.
A good option would be something like Electrum used as cold storage.
Basically all you need is a second computer which is never online, so an old laptop would work and you would have a watching only wallet on your main computer.
This is pretty much almost always available since you can download the software at any time and most people have spare computers laying around in their basements.
Basically all you need is a second computer which is never online, so an old laptop would work and you would have a watching only wallet on your main computer.
This is pretty much almost always available since you can download the software at any time and most people have spare computers laying around in their basements.
Hello world.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
Thanks for the advice,it sure does work for some people, however i think what is more important is self-discipline. someone with an ichy hand to trade or spend will not find a problem walking 10 miles to his paper-wallet that is buried in their grandmother's back yard.
one needs to make a straight forward plan and stick to it. for example a distribution of his earning and total hodling.
- a % of everything be it new earned coins from mining/trading/buying must be kept in a cold storage wallet and never touched until x point of time
- a % to cash out regardless of market condition , also out of this part it should be distributed , maybe in Gold,stock,JPY,AUD (just to hedge against your hodlings)
- a % to risk at either day trading/mining.
i started to follow a plan like this recently and my overall situation looks much better, i was so stupid to re-invest everything i get into mining hardware thinking it was the best option, bought some miners when btc was trading at 10-12k, which some have yet to ROI and now they are selling for almost 70-90% cheaper. i should have cashed out a good portion,i would have more btc and more miners by now. but ya nobody learns for free, we have to pay for every lesson.
The denarium coin idea is interesting. It's almost like the problem gamblers who give their credit cards to a friend so they aren't tempted to spend above their limit. You could easily achieve the same thing with a hardware wallet or paper wallet though - if you secure it somewhere that takes some time for you to access, like in a safety deposit box or with a trusted friend or family member, you won't be tempted to spend/trade your coins in the "heat of the moment". And as long as you know the public address, you can continue to filter off some of your profits to that address for safe keeping.
good advice, almost like out of sight out of mind 
another good way to make sure you hodl and not panic sell is to buy an empty denarium coin and load your coins to that. so if you really want to spend your btc you have to peel the hologram its a deterrent that has worked for me.
another good way to make sure you hodl and not panic sell is to buy an empty denarium coin and load your coins to that. so if you really want to spend your btc you have to peel the hologram its a deterrent that has worked for me.
Hello world.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
Hello world.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.
Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.
Before that I ended mainly losing my profits because I reinvested everything all the time...
So get a storage wallet, and split your profits.
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