Topic: Bitcoin kwoledge is not complete without bitcoin investment - page 20. (Read 3346 times)
When we buy BTC of course there is a different vibration and I also felt a different vibration when my first bought BTC, and indeed by investing in BTC of course we will have knowledge from the experience we feel and the mentality when we have BTC is different. . feelings, for example when BTC goes up and down. But of course, for those who don't have capital, it's certainly not in vain if they already have knowledge and knowledge about BTC, even though currently they can't buy BTC, because one day if they have capital they will be able to buy BTC. will definitely invest well and well and have the potential to generate large profits. big. great because he already knows the science.
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Bitcoin kwoledge is not complete without bitcoin investment
I agree with your statement. Many people will say that knowledge is never wasted but in my opinion, if we cannot use or apply it then it is a waste. Investing in Bitcoin is the same, even if we have full knowledge about bitcoin but still do not invest in it, or still cannot take advantage of that knowledge to make a profit, that knowledge is a waste and futile. Knowledge is very important but it needs to be applied and used, not that we finish learning and do nothing with it.
By the way, as many people have said, you should delete photos or maybe hide important information, making such sensitive information public is not good for your safety.
I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin.
Congratulations to those of you who already have bitcoin. Move bitcoin to your wallet because your determination to increase the number of bitcoin holdings is very large with income originating from your type of business.
1. Know how to secure your wallet, it is important to know this kind of thing to avoid being infected by malware and got hacked.
I will not argue because how to use and secure a wallet is very important for me to continue learning before stepping into the world of trading and investment.
I wouldn't say many people neglect to know such things, but I feel there are still people who don't really care about knowledge about wallets including security and how to secure seed phrases properly and correctly.
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At least, I agree with the title of the thread. If you have started learning about investing in Bitcoin, you can start trying to invest in Bitcoin.
I also agree, but I would qualify that I would not call it purely 'investment'. I mean that for bitcoin knowledge to be complete, you also have to use it. It is not enough just to buy a certain amount that you will sell at a certain time. You have to test how it works, send and receive transactions, look at the browsers to see how the mempool is, estimate the fee for the speed of confirmation you want, things like that. Apart from investing in bitcoin, using it to buy goods and/or services is a fundamental part of the knowledge.
At least, I agree with the title of the thread. If you have started learning about investing in Bitcoin, you can start trying to invest in Bitcoin. You can start with whatever money you have. The important thing is that it is money that you can afford. And when you feel that Bitcoin benefits you, you can continue investing in Bitcoin and increase the amount of money. But still use the money you can afford.
Your plan to invest 10% of your income in Bitcoin is good. Yes, DCA every month will help you to collect more Bitcoins. You can still store your Bitcoins in the Electrum wallet. As long as you don't say where the Electrum wallet is and can secure the wallet, you will be safe and won't need to worry about hacking or else.
Now is still a good time to start investing in Bitcoin, especially for those who are new to Bitcoin. But as a suggestion, only use the money you can afford.
Your plan to invest 10% of your income in Bitcoin is good. Yes, DCA every month will help you to collect more Bitcoins. You can still store your Bitcoins in the Electrum wallet. As long as you don't say where the Electrum wallet is and can secure the wallet, you will be safe and won't need to worry about hacking or else.
Now is still a good time to start investing in Bitcoin, especially for those who are new to Bitcoin. But as a suggestion, only use the money you can afford.
I partly agree with the title because it's really different when you put hard-earned money into some thing, especially this Bitcoin. Your learning will be advanced, you will be more severe about learning and when it comes to Bitcoin.
I also suggest like start with small amount first like an amount you are willing to lose because we all know how risky Bitcoin is and how the price of it fluctuate.
I also suggest like start with small amount first like an amount you are willing to lose because we all know how risky Bitcoin is and how the price of it fluctuate.
From sharing the OP, I can sense a number of problems, from capital management, or lack of knowledge leading to skepticism and fear about what I am watching. With the mistakes I have made, lack of knowledge is the most basic mistake, followed by lack of experience with it, so in addition to accumulating, you also need to research the things yourself tend to hold it. I think if you go through periods of losses and earn back profits in your investment, you will have a mature view of bitcoin, and the journey to success also requires remembering determination and not giving up first failures appear.
Of course, no knowledge is wasted because the most important thing is knowledge which must be prioritized, because if our already have the money to buy BTC, if our already have the knowledge, of course investing in BTC will run smoothly. but there are times when we will also be able to gain knowledge from experience but what is clear, knowledge is very important and experience is also very important, I think the investment you make in BTC is something good and wise, especially now that the price of BTC can still be said to be not too high. .
Man invested for the first time and took the same screenshot with all his details just to prove that he had Bitcoin Knowledge. Here you are buddy, you proved that you don't need to hold Bitcoin in your wallet to have knowledge of that. What a way to answer your own question in the same post. Is anyone wondering what's wrong here? Never post your transaction details on any social media platform. Whoever knows social phishing can try to get access to his account.
OP is not trying to prove that he is investing and knowledgeable about bitcoin, he is also saying that he is newbie and needs advice from people on the forum. Perhaps he did not foresee the risks of publicly disclosing his assets and details of his bitcoin transactions. But others also gave him advice, you don't need to feel uncomfortable with what a newbie does. I bet when you were a newbie you made even more mistakes than the OP. No one can become talented immediately, everyone needs to go through many challenges and lessons to become an experienced investor.
Be glad and stay cheerful for yourself as you have overcome a poor risk appetite. Some people haven't have started their bitcoin journey even though they already have enough knowledge about it, simply because they are afraid bitcoin may have reached its peak as if it has no more capabilities of breaking the last ATH. This has been the most common reason for those who have yet to put a single fraction of bitcoin into their wallet, some of them even thought 10k was already expensive and thought they're already late in 2017. Same thing happened when bitcoin reached the $1k milestone prior to that year.
Now, you need to hold on into it especially that you are capable financially and never sell at a lower price than the highest price you have bought it when you DCA. It could be stressful to watch bitcoin price in a daily basis, but you'll get used to it and it's totally normal to feel worried when bitcoin takes a huge dive and feel excited when it's starts recovering.
Now, you need to hold on into it especially that you are capable financially and never sell at a lower price than the highest price you have bought it when you DCA. It could be stressful to watch bitcoin price in a daily basis, but you'll get used to it and it's totally normal to feel worried when bitcoin takes a huge dive and feel excited when it's starts recovering.
A piece of knowledge is never wasted if you apply it well. And if you have good knowledge about bitcoin then definitely you can invest here it will be good for you. But if you waste knowledge to invest in Bitcoin and if you don't have money to invest in Bitcoin then it is never a waste of knowledge but it will be an increase of knowledge. If you can't buy bitcoins now then of course there is more time for you when you have enough money to buy and hold bitcoins. But you must be patient so you don't need to waste your knowledge but move on to good work with the knowledge you have acquired. And before you start investing in bitcoins you will definitely need the most knowledge because you will never be able to do anything successfully because this is the most important thing for you.
Congratulations for reaching this milestone! I guess you're doing good so far. Now that you have your coins, you can be more confident about sharing your Bitcoin knowledge because you have experienced it yourself. It's hard to share knowledge and give pieces of advice to others if you have yet to try it yourself.
Anyway, the Electrum wallet doesn't "allow you to double spend." LOL! I guess you're referring to its RBF feature. That's simply replacing a low-fee version of a transaction that is yet to be confirmed with a higher fee, but you cannot do this to a transaction that is already confirmed. Double-spending can't be done with Bitcoin.
Anyway, the Electrum wallet doesn't "allow you to double spend." LOL! I guess you're referring to its RBF feature. That's simply replacing a low-fee version of a transaction that is yet to be confirmed with a higher fee, but you cannot do this to a transaction that is already confirmed. Double-spending can't be done with Bitcoin.
Practical comprehension certainly gives you a more in-depth understanding and knowledge of Bitcoin. So yeah, just try around any services, applications, and tools relating to Bitcoin. As of now, trying out a non-custodial wallet is surely a good choice, later, you might want to try to run your own node or something like that which goes more technical.
Worth noting that bitcoin network congestion is not mainly caused by dust transactions. There are, which some people say, useless things being used within the network, like Ordinals and such. In some cases, it also happens when an exchange is consolidating a small Bitcoin transaction.
since sometimes bitcoin blockchain used to be congested with dust transactions.
Worth noting that bitcoin network congestion is not mainly caused by dust transactions. There are, which some people say, useless things being used within the network, like Ordinals and such. In some cases, it also happens when an exchange is consolidating a small Bitcoin transaction.
It just feels different if you have invested on Bitcoin especially if you have a knowledge in it. It's just like you draw something and you make it colored.
You didn't have to go as far as posting a screenshot of your transactions. I know you did it from a place of goodwill but then you don't need validation from a bunch of strangers here.
And also what I have noticed is that his fiat amount is not totally anonymous because the crypto amount is visible. I learned a lesson from it, especially in crypto, if you think you make your funds secured but you didn't notice that there's one more thing you forgot to make it totally secured, that's why we always double check and don't be too confident.
I find it amusing that OP covered the fiat amount but neglected to cover up the amount of bitcoins he bought. Like OP said in his reply to Z-tight, he doesn’t care about his privacy at this point. His major concern is to accumulate bitcoins and hodl. Your strategy is a good one and you will achieve your goals for sure if you are consistent.
Electrum is a very good choice of bitcoin wallet, if you eventually decide to diversify and buy altcoins you should use a wallet like unstoppable wallet.
You are indeed learning, even though you bought bitcoins from a centralized exchange, you still moved the coins to a non custodial wallet. I believe with time you will also come to appreciate maintaining one’s privacy.
Electrum is a very good choice of bitcoin wallet, if you eventually decide to diversify and buy altcoins you should use a wallet like unstoppable wallet.
You are indeed learning, even though you bought bitcoins from a centralized exchange, you still moved the coins to a non custodial wallet. I believe with time you will also come to appreciate maintaining one’s privacy.
I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin.
If you want to not lose your Bitcoin and the amount you invested in it you must learn the following things.
1. Know how to secure your wallet, it is important to know this kind of thing to avoid being infected by malware and got hacked.
2. Have patience you need this a lot because it will take a long time to have a good profit from the Bitcoin market.
3. Set a target selling price. You will never realize your profit if you do not sell
4. Don't be a weak hand. Do not panic sell when the price of Bitcoin dumps. Bitcoin is capable of price recovery.
No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.
I agree, it is true there are some people out here that spend all their time reading and not taking action, and in that case it could be said those people are not really obtaining all what they could from the things that interest them, however if the reason a person is not taking action is because they do not think they are ready yet or they lack the resources to do so at the moment, then this is not a waste, as once they are ready they will take action and change their lives in the process.
You'll somehow improve your knowledge if do it in actuality. But we don't have to think that it is a waste if not and never force ourselves to invest for that sake if we don't have money.
But as we can see, most of the people who turn their heads toward Bitcoin and are eager to learn from it are preparing to invest in Bitcoin. And what you did is a great idea indeed but the success of investing in Bitcoin is not just we buy them, we also need to learn how to control our emotions and stick to our goals.
But as we can see, most of the people who turn their heads toward Bitcoin and are eager to learn from it are preparing to invest in Bitcoin. And what you did is a great idea indeed but the success of investing in Bitcoin is not just we buy them, we also need to learn how to control our emotions and stick to our goals.
Putting knowledge into practice is the next step after gaining it, according to the Golden Rule. And the OP actually did that. The fact that OP put into practice everything she had heard and studied about bitcoin through this forum concerning the upcoming halving season made her delighted about bitcoin investment.
OP your utilization of 60% of your tenant payment savings made to you plus the fact that you have a job impressed me about your bitcoin investment. That indicates that you are investing in bitcoin for the long term and not prepared to sell some of it off for personal reasons, which is something I have observed a lot of newbies do since they put all of their money into bitcoin in the hopes of making quick profits.
OP your utilization of 60% of your tenant payment savings made to you plus the fact that you have a job impressed me about your bitcoin investment. That indicates that you are investing in bitcoin for the long term and not prepared to sell some of it off for personal reasons, which is something I have observed a lot of newbies do since they put all of their money into bitcoin in the hopes of making quick profits.
I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin. My Dad is late and he left us a building which I and my siblings inherited. I rented my own apartment because I stay in a more civilized area. Whenever my tenant pays me my rent, I just keep the money in the bank and sometimes it stays there for more than six months in my account because I have a job that takes care of my responsibilities. This year when I joined this forum, after reading through topics and comments from forum users on bitcoin investment, I said to myself that it will be wise if i give bitcoin investment a trial and see how it will feel like holding a bitcoin.
Last week Monday, I recieved my rent, but guess what I was scared of investing it on bitcoin because I was having so many thoughts in my head telling me to invest and not to invest. I continued with my forum activities and kept on reading, at a point, I got to realize that what will I gain, if I have the knowledge of bitcoin and I don't invest in it to have the experience on using bitcoin and to also have the experience of holding in long term, so that i can talk about bitcoin from experience. This means that it is important for me to buy bitcoin to acquire more knowledge,and this will be an advantage for me to buy bitcoin now that the price is dip, before it pumps back. Yesterday, I used 60% of the money my tenant paid me to buy bitcoin and I was relieved and happy. I have also created an electrum wallet which I have transfered my coins into, the reason why I chose electrum wallet because it is noncustodial with RBF and Ligthening Network features, which can allow you to double spend,incase the network is congested and your transaction fee is low,since sometimes bitcoin blockchain used to be congested with dust transactions.
I intend to hold by bitcoin for long, because I just started my bitcoin journey and, I know that it isn't going to be an easy one for a newbie like me. I will use 10% of my income to DCA every month, because I also noticed that fiat currency is depreciating due to inflation and that it is better that I save in bitcoin than to keep it in fiat. The moment my bitcoin reaches $1000, I will look on how to transfer my coins to a cold storage wallet for safety. I couldn't keep this to myself and I said let me bring this to the forum for advise from experienced members on precautions I need to take for me to achieve my bitcoin goal target.
If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.
Last week Monday, I recieved my rent, but guess what I was scared of investing it on bitcoin because I was having so many thoughts in my head telling me to invest and not to invest. I continued with my forum activities and kept on reading, at a point, I got to realize that what will I gain, if I have the knowledge of bitcoin and I don't invest in it to have the experience on using bitcoin and to also have the experience of holding in long term, so that i can talk about bitcoin from experience. This means that it is important for me to buy bitcoin to acquire more knowledge,and this will be an advantage for me to buy bitcoin now that the price is dip, before it pumps back. Yesterday, I used 60% of the money my tenant paid me to buy bitcoin and I was relieved and happy. I have also created an electrum wallet which I have transfered my coins into, the reason why I chose electrum wallet because it is noncustodial with RBF and Ligthening Network features, which can allow you to double spend,incase the network is congested and your transaction fee is low,since sometimes bitcoin blockchain used to be congested with dust transactions.
I intend to hold by bitcoin for long, because I just started my bitcoin journey and, I know that it isn't going to be an easy one for a newbie like me. I will use 10% of my income to DCA every month, because I also noticed that fiat currency is depreciating due to inflation and that it is better that I save in bitcoin than to keep it in fiat. The moment my bitcoin reaches $1000, I will look on how to transfer my coins to a cold storage wallet for safety. I couldn't keep this to myself and I said let me bring this to the forum for advise from experienced members on precautions I need to take for me to achieve my bitcoin goal target.
If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.
That's a good idea to buy some btc for long-term hodl. There is one important thing in btc investments (and in all other investments too): not to invest all the "excess" money you earn. So, I think, if rent is not the main income source, it's a good decision to invest about a half of it into crypto. Long-term hodling can surely bring some profit...
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