Bitcoin is a fundamental currency. The only need is that you are comfortable with technological gadgets And I'm quite sure you're already familiar with the internet, which is how you came upon this forum. As a result, it does not need any particular abilities. The basic wallet app functionality is all there is to it. Keep your mnemonic phrase/private key to yourself and don't share or display it to anybody.
The internet happens to be the bedrock of all Bitcoin activities and as fast as I can understand once you have an internet and a mobile device one can actively carry out a Bitcoin transaction. 
Topic: Basic Bitcoin skills - page 2. (Read 954 times)
Bitcoin business based on trading, stalking, mining, etc. These all need patience & calm. There are many ups and downs and hardworking like other businesses. Sometimes, it is hard to decide with a cool mind in a critical condition. so dare care and courage are also needed. This business has a good attraction for all and also has a good income. So all new persons are welcomed by seniors.
As you said, you are in need of some basic skills to hold a large amount of bitcoin long-term. There's really a lot we need to learn in this market. The most basic thing I want to tell you is to learn more about the benefits and risks that bitcoin can bring to you. You must master the psychology of entering the market, emotions determine 90% of the crypto market. And to be safe when holding bitcoins, you should find yourself a hardware wallet to store bitcoins.
No a lot of skills, just a basic understanding of crypto, willingness to learn new things, and tons of patience is enough for qualifying to hodl bitcoin in long-term, I mean I am a hodler and I don't really have that big technical skill in crypto but I have been hodling for almost a year now so there's really no qualifications besides the attitude of that person.
You don't need too much technical skills to hold your Bitcoin actually. There are just some things that you must be aware of before making any kind of investment into Bitcoin. For example, you should never act with greed. This can lead you to be in a huge loss in time. I always recommend newbies to set price goals for themselves to sell some amount of their coins when the goal is reached. This will prevent you fully from being a greedy person. Because this is a highly volatile market and you should always be aware of that.
As you said, you are in need of some basic skills to hold a large amount of bitcoin long-term. There's really a lot we need to learn in this market. The most basic thing I want to tell you is to learn more about the benefits and risks that bitcoin can bring to you. You must master the psychology of entering the market, emotions determine 90% of the crypto market. And to be safe when holding bitcoins, you should find yourself a hardware wallet to store bitcoins.
Maybe this input is not in the concept of technical science but just some of the basic principles that you should know. That you should be fully aware of investing in bitcoin is investing with high risk. You must understand the risk of profit and loss . then you must have the capital that my advice is not from debt capital or anything else. Because this will disturb your peace in investing later. Make sure before investing your basic needs have been met. And what is certain is to continue to practice and seek knowledge while positive, don't forget to be patient and don't panic it's important.
Bitcoin is a fundamental currency. The only need is that you are comfortable with technological gadgets And I'm quite sure you're already familiar with the internet, which is how you came upon this forum. As a result, it does not need any particular abilities. Basic wallet app functionality is all there is to it. Keep your mnemonic phrase/private key to yourself and don't share or display it to anybody.
my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
I don't think there's a necessary skill you need to have a good start in BTC especially if you were planning to hold it for long-term purposes. You should always remember to invest in something you fully understand, be patient and always stick to your plan. Do not let your emotion take over your decision so that you wont have any regret with whatever decision you'll make
actually I'm not so sure about the main skills that must be possessed in investing in bitcoin, it's just that if you want to invest in bitcoin, you have to be patient. we also have to understand and accept that the bitcoin market is up and down and it makes some people feel confused by this. before investing in bitcoin we must be really ready to learn all about bitcoin, whether it's technique or risk to be able to avoid the losses. so the first thing needed is a willingness and determination to learn and learn more.
This is the most basic thing to get to know the market and understand how the coins in the market move. DYOR is very much needed when you plan to invest and hold bitcoin. There's no technical knowledge that you should learn but more on fundamental skills. Finding a reliable hardware wallet is very much needed so you can secure all your bitcoins that you want to hold. And always be prepared with the high volatility of bitcoin because the price will suddenly move downward and then it goes up gain. But there's no really big issue when it comes to holding bitcoin because even if there is a sudden dump, it will always recover any time. And the last thing is be patient all the time. Holding indeed is less risky compared to trading but for you to be able to succeed in holding, learn to be always patient so that you won't make a wrong decision that will make you lose everything in your wallet.
actually I'm not so sure about the main skills that must be possessed in investing in bitcoin, it's just that if you want to invest in bitcoin, you have to be patient. we also have to understand and accept that the bitcoin market is up and down and it makes some people feel confused by this. before investing in bitcoin we must be really ready to learn all about bitcoin, whether it's technique or risk to be able to avoid the losses. so the first thing needed is a willingness and determination to learn and learn more.
The title should be how to make bitcoin without buying it.
Anyways, I don't think you need Basic bitcoin skills there are people who started using bitcoin and they built their experience bar through that, There are various articles as to what Double-Spend, etc is, Articles about not product till your Bitcoin Payment has received at least 1 confirmations, There are 3 in some cases but 1 is Primary.
Also, You'll learn about bitcoin the first time you use the wallet and send to an address.
Anyways, I don't think you need Basic bitcoin skills there are people who started using bitcoin and they built their experience bar through that, There are various articles as to what Double-Spend, etc is, Articles about not product till your Bitcoin Payment has received at least 1 confirmations, There are 3 in some cases but 1 is Primary.
Also, You'll learn about bitcoin the first time you use the wallet and send to an address.
First and very important it is only for bitcoin, that hold, because we say hold is gold so and people who hold bitcoin or any crypto currency, they never lose in cryptocurrency world,and after that you can learn teachnical analysis, because its also very important,and also patience is very important,if you have good patience you will never lose in bitcoin world.
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
If you don't have enough knowledge then you have to keep various precautions,
1st one is you need "don't talk with any unknown person via social media" most of the extraneous could be an imposter.
If you want to hold a vast amount of bitcoin then 2nd one is you need to buy a hardware wallet, generate seeds and address by using HW wallet and print that on a piece of paper or metal, make some copy, and keep your copy in any fireproof & waterproof locker.
you can use any watch-only wallet and import the btc address as watch-only to make it easy to use. It could be the safest way to hold your coin securely.
Welcome to the forum. Depends what country you're in, but:
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
In addition, don’t invest in any crypto venture you don’t know, especially those activities that are high-risk base. My best advice for the ops is to just buy and hold Bitcoin in a cold wallet and hold for long because as a newbie in crypto you need to take your time to research in other not to lose your money. 1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
If what you want to do is just holding, then there isn’t much that is required ,all you have to do is to know your way around the wallets and that does it. Unless you want to be able to predict the prices in future then you can study technical analysis and fundamental analysis. This could be useful if you would like to be able to know the right time to make your investment and went to sell. You just have to understand how the market really works that way you will know when there is greed or fear and went to take actions. Knowing technical analysis will also help you if you decide to go into day trading later on.What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
if i may add, buying large amount of bitcoin would need how secure is your wallet is. with this situation, don't store your BTC in exchanges (not even in top exchanges), better store it in your own wallet, hardware wallet if possible. there are many tutorials already on how to do it. as the OP said, he had learned a lot from this forum already and adding more knowledge by roaming around here and checking in the beginners & other sections would greatly help in his journey. also, as a beginner, better start understanding the market using bitcoin first. and then other alts can always follow. because things will get complicated once he explores his opportunities in those countless number of alts. so yeah, i can't say you need skills to hold btc for long-term, you just need to know how you can secure your coins and not to be scammed by substandard exchanges.
Welcome to the forum. Depends what country you're in, but:
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
And don't put more than 10-15 % of your fiat savings into crypto. Crypto is still a highly speculative and volatile asset.
Use dollar-averaging, i.e. you regularly (every day or weekly) buy a certain (small) amount of crypto averaging your costs.
Welcome to the forum. Depends what country you're in, but:
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
If what you want to do is just holding, then there isn’t much that is required ,all you have to do is to know your way around the wallets and that does it. Unless you want to be able to predict the prices in future then you can study technical analysis and fundamental analysis. This could be useful if you would like to be able to know the right time to make your investment and went to sell. You just have to understand how the market really works that way you will know when there is greed or fear and went to take actions. Knowing technical analysis will also help you if you decide to go into day trading later on. What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
The point is that we should not be monotonous in the crypto sphere, broadening our knowledge of crypto especially Bitcoin, is important to explore some paths that promise some high profits, over time by continuing to moving better... gradually will get more skills, in trading, investment, Bitcoin/crypto hunter and many else.
my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
>>never follow signals ..
>>never listen to news ..
>>never trust anyone about your funds..
study deep.
learn more.
don't rush.
And never seek for too much, just earn small each time and let it go some times.
in short , Buy low Sell high.
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