Bitcoin kwoledge is not complete without bitcoin investment - page 7.

Ryu_Ar1

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Quote from: Aanuoluwatofunmi on October 27, 2023, 04:25:06 AM

Everything about bitcoin goes by procedures and a step after the other, when you get the theoretical knowledge in bitcoin, then one have to also Invest and have the practical aspect of it, but in this time, it will be wisdom not to start with a huge amount for an investment since this is the first time of making attempt, we should invest only a small amount of money we can afford to loose before we continue to build up our experience and bitcoin portfolio over time.

As long as we can afford a large amount and be consistent with that amount, why not. Because in my opinion, in terms of investment, it depends on readiness so we must really know what our financial condition is like and try to manage it well so that the investment and the needs we have every month will be guaranteed.
Therefore, we must know for sure before we start so that what we invest does not interfere with the finances we have because what I feel in this case is that when we try to force investment in bitcoin then it will also not always improve so invest when you can because discipline and consistency in investment are also very important to do.
If in the end the slightly larger amount does not bother you then it does not matter as long as you can be consistent with the nominal but if in the end this is too burdensome then it would be better if the investment made is reduced.

benalexis12

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Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

Well, honestly speaking, you did the right thing, and having a fear of trying to invest in Bitcoin is a normal feeling. But you are the one who knows whether Bitcoin will be good for you or not. And I will somewhat agree with you that just studying Bitcoin is useless if we don't invest in it.

That's true; it's useless to analyze trading every day if we don't have holdings. So, in order for us to succeed, we have to decide to take a risk. If this is the only risk we can take to succeed here, why not go for it?

Bloodseekers

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Quote from: Aanuoluwatofunmi on October 27, 2023, 04:25:06 AM

Everything about bitcoin goes by procedures and a step after the other, when you get the theoretical knowledge in bitcoin, then one have to also Invest and have the practical aspect of it, but in this time, it will be wisdom not to start with a huge amount for an investment since this is the first time of making attempt, we should invest only a small amount of money we can afford to loose before we continue to build up our experience and bitcoin portfolio over time.

Learning it in stages will certainly make us enjoy every process we go through and we will be able to really understand it if we do it consistently. once we understand it, we can try it with a small amount so that we can still correct it if we make a mistake in making a decision, but experiencing failure while still in the learning stage is something that usually happens to anyone who is just starting out and we have to fix it so that we don't repeat it again and at When we start again, of course we will be able to avoid repeating the same mistakes.

Aanuoluwatofunmi

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Everything about bitcoin goes by procedures and a step after the other, when you get the theoretical knowledge in bitcoin, then one have to also Invest and have the practical aspect of it, but in this time, it will be wisdom not to start with a huge amount for an investment since this is the first time of making attempt, we should invest only a small amount of money we can afford to loose before we continue to build up our experience and bitcoin portfolio over time.

pinggoki

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Quote from: Blitzboy on October 19, 2023, 11:30:51 PM

Quote from: pinggoki on October 19, 2023, 11:15:50 PM

~

First off, not everyone can tell relevant from irrelevant information. Its real! An understanding of human nature shows that some people store information without using it. As you noted, knowledge without context is useless. Undiscerning knowledge is like a ship without a compass. While you're right that builders may not gain directly from studying the earth's crust, theres a distinction between superficial and in-depth knowledge. It boils down to knowing your urgent needs. Knowledge and wisdom must be linked. Only then can one efficiently navigate the massive information sea.

That's why I said to acquire some wisdom so they can easily tell the relevant and irrelevant information and easily sift through it, and you can easily gain that by practicing your critical thinking skills, to me, that's the only way that you can gain wisdom or improve your wisdom. Also, I have to disagree with you that not everyone can tell the relevant from the irrelevant, not all information is hidden or needs you to have an in-depth analysis to see what you need and what you don't need, common sense exists in every person so I don't see how it's an excuse.

Assface16678

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Quote from: adultcrypto on October 20, 2023, 05:36:26 PM

Those from poor countries are supposed to be more serious with Bitcoin that can change their situation. There is no need giving excuse because to start with Bitcoin does not require much, just small amount that is done regularly can grow onto something massive. This is where Knowledge of the technique to apply comes in. You can follow the DCA method that comes handy for this.

Are you sure investing in bitcoin doesn't require much? Maybe in your situation, but in other cases, poor families can't even buy foods that they need, or, let's say, the middle class. Even if they have a small amount to invest in bitcoin, it doesn't mean they will earn it immediately. Remember, investing in bitcoin is a long-term investment, whether holding or trading. Yes, there is scalping in trading, but it's too risky if you have low equity. So what you've said doesn't apply to everyone. Even with enough knowledge and skills in investing in bitcoin, you still can't maximise the profit if you only have a small amount of investment. Yeah, they could start with low capital, but it will be hard as you only have a limited balance or equity in hand. Your option to trade or to flip is limited as you need to consider stuff like margin and such.

Ever-young

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Quote from: Bitcoinpoly on October 23, 2023, 02:20:33 PM

Actually investing in Bitcoin is really cool, one of the safest investment in crypto currency. Also there are some savings that gives you opportunity to earn by APR, some are up to 7% APR why some are more than. If you utilize the exchanges with this features it will be an additional benefit. Top exchange like Bitget offers such while some middle level exchanges also have it such as CoinW and the likes.

This is not the best thing to do, bitcoin don’t have staking feature enabled on them as it’s for the best, using any platform or exchange that give you the chance to earn some APR why holding your bitcoin their is very risk, the fact that you are storing your bitcoin in a centralized exchange alone first is one of the greatest mistake any bitcoiner will make (not your key not your coin)

Now how this Reward works is this, you send your bitcoin to any of those exchange you made mention of now you have lost control over that coin all you can see is a figure in your exchange account and not your bitcoin, they use your bitcoin to do what ever they want restricting you from making use of it when ever you want with the promise of given you back the bitcoin with some percentage.

Chasing APR is one thing that usually get people into trouble, what if something happens to the exchange along the line, how will you get your coins back, they will probably be gone for ever, please just change that mind set, the best way to make profit from bitcoin is to safely have it in your personal wallet and wait for bull run, any other promise that’s comes with given your reward should be avoided.

DaNNy001

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Quote from: JayJuanGee on October 26, 2023, 10:04:21 AM

Quote from: rachael9385 on October 26, 2023, 07:21:06 AM

Quote from: JayJuanGee on October 25, 2023, 05:02:18 PM

Quote from: MarvieJ on October 25, 2023, 04:20:52 PM

Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

edited out

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Maybe you guys (@Best-mary and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto? Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed?

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

My little CHECK said that the BITGETO site is an exchange that people can use for selling their coins either BTC or other cryptocurrencies, but truth be told I don't seem to like the BITGETO exchange because it requires a KYC VERIFICATION.
I just checked that the site was launched in the year 2018 and the CEO of the exchange is called Sandra Lou (a female) and this search can tell little about her.

At least that gives a little information about the reference.. . .not that we should necessarily be advertising any particular exchanges.. but most require KYC, and I have troubles wondering why the CEO being a female makes much if any difference, even though it is not a bad thing to have some ideas behind the operators of exchanges, to the extent we might figure that there might be some questionable practices.. but sometimes exchanges gain reputation merely from being around a long time and if there customers are not losing their coins, then that could be a good thing... of course, until they get rug pulled, which also sometimes what ends up happening.

Well most of the world most popular exchange these days are all KYC driven and are mostly CEX and no CEX operates without actually having some kind of KYC requirement even if it's just a little details of their users. I believe like you said, it's just a matter of how reputable and sometimes how long they have been Operational because the longer they stay and operate without any bad reputation then the matter of KYC requirement won't be an issues in the eyes of their customer.

The same case is with this popular exchange binance, although am not vouching for any exchange but there is certain level of confidence with binance and some of their users because of how their have been consistent in delivering good service for their users and believe me the KYC verification process for this exchange is really tight but still people still use it so an exc

JayJuanGee

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Quote from: rachael9385 on October 26, 2023, 07:21:06 AM

Quote from: JayJuanGee on October 25, 2023, 05:02:18 PM

Quote from: MarvieJ on October 25, 2023, 04:20:52 PM

Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

edited out

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Maybe you guys (@Best-mary and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto? Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed?

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

My little CHECK said that the BITGETO site is an exchange that people can use for selling their coins either BTC or other cryptocurrencies, but truth be told I don't seem to like the BITGETO exchange because it requires a KYC VERIFICATION.
I just checked that the site was launched in the year 2018 and the CEO of the exchange is called Sandra Lou (a female) and this search can tell little about her.

At least that gives a little information about the reference.. . .not that we should necessarily be advertising any particular exchanges.. but most require KYC, and I have troubles wondering why the CEO being a female makes much if any difference, even though it is not a bad thing to have some ideas behind the operators of exchanges, to the extent we might figure that there might be some questionable practices.. but sometimes exchanges gain reputation merely from being around a long time and if there customers are not losing their coins, then that could be a good thing... of course, until they get rug pulled, which also sometimes what ends up happening.

rachael9385

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Quote from: JayJuanGee on October 25, 2023, 05:02:18 PM

Quote from: MarvieJ on October 25, 2023, 04:20:52 PM

Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

edited out

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Maybe you guys (@Best-mary and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto? Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed?

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

My little CHECK said that the BITGETO site is an exchange that people can use for selling their coins either BTC or other cryptocurrencies, but truth be told I don't seem to like the BITGETO exchange because it requires a KYC VERIFICATION.
I just checked that the site was launched in the year 2018 and the CEO of the exchange is called Sandra Lou (a female) and this search can tell little about her.

barisbilgili

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Quote from: rodskee on October 25, 2023, 07:47:04 PM

Quote from: Traderbtcc on October 22, 2023, 03:04:08 AM

I totally understand where you're coming from! Knowledge is never a waste, even if you don't have the funds to invest in Bitcoin right now. It actually prepares you to make smarter financial decisions when you do have the money. By the way, I'm really happy for you for taking that leap and making your first Bitcoin purchase! What's even better is that you're using your spare cash and practicing dollar-cost averaging during price dips. That shows you know what you're doing! Remember, Bitcoin is a long-term investment, so stay committed and you'll be just fine. Keep it up

Actually it will going to waste if you will keep just thinking but not acting on it ,
If you are truly smart then you will do everything to have money for investing as the knowledge already on yours
and you knew that there is a promised profit here, so why waste more time when you can generate income from
doing such?Why not lessen your expenses , try to tighten your belt so you will have small funds to start buying
bitcoin and that will be the right starting point.and not just having plans and plans that never come to reality.
and also since it is for long term as you mentioned , then better to start it out now mate, you can begin with
5-10 dollars at least weekly and then try to increase as days passed by , because for sure once you see it growing
you will regret why not act instantly than talking and telling stories.
But like what you said, if he truly has not capital then sorry to hear but the bull is so near , we will regret
everything when the day comes.

If we already have good knowledge with Bitcoin and know how to make a profit then it will be a big loss if we miss the opportunity we have to invest in Bitcoin. Before investing we do need capital to be able to invest, but if we already understand how to make a profit Of course this will motivate us to set aside part of the income we have to be able to invest to be able to get a profit from the investment we make, because it will be very sad if we already have knowledge but don't invest and when we see prices continue to increase then this will make We really regret not having prepared our money to invest.

Blitzboy

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Quote from: rodskee on October 25, 2023, 07:47:04 PM

Quote from: Traderbtcc on October 22, 2023, 03:04:08 AM

I totally understand where you're coming from! Knowledge is never a waste, even if you don't have the funds to invest in Bitcoin right now. It actually prepares you to make smarter financial decisions when you do have the money. By the way, I'm really happy for you for taking that leap and making your first Bitcoin purchase! What's even better is that you're using your spare cash and practicing dollar-cost averaging during price dips. That shows you know what you're doing! Remember, Bitcoin is a long-term investment, so stay committed and you'll be just fine. Keep it up

Actually it will going to waste if you will keep just thinking but not acting on it ,
If you are truly smart then you will do everything to have money for investing as the knowledge already on yours
and you knew that there is a promised profit here, so why waste more time when you can generate income from
doing such?Why not lessen your expenses , try to tighten your belt so you will have small funds to start buying
bitcoin and that will be the right starting point.and not just having plans and plans that never come to reality.
and also since it is for long term as you mentioned , then better to start it out now mate, you can begin with
5-10 dollars at least weekly and then try to increase as days passed by , because for sure once you see it growing
you will regret why not act instantly than talking and telling stories.
But like what you said, if he truly has not capital then sorry to hear but the bull is so near , we will regret
everything when the day comes.

In fact, the worst mistake someone can make is to do nothing when they know what they should do. This is especially true in the fast-paced world of bitcoin. Having knowledge is helpful, but only if you're ready to use it. Many people make the mistake of squandering potential, and they feel terrible when great chances pass them by. The problem with this illusion is that its hard to start investing. But isnt that more of a mental block than a real one?

To get a better sense of this, lets look at the idea of changing one's spending. This goes beyond the advice on the surface and represents a deeper idea: the balance between short-term pleasure and long-term gain. That you could start with just $5 to $10 a week is a great way to think about starting somewhere. Because history and current events have shown over and over that people who wait to get involved in cryptocurrency often end up chasing shadows. The coming bull shows how quickly the market is moving, and as you correctly pointed out, doing nothing today could make you feel very bad tomorrow.

rodskee

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Quote from: Traderbtcc on October 22, 2023, 03:04:08 AM

I totally understand where you're coming from! Knowledge is never a waste, even if you don't have the funds to invest in Bitcoin right now. It actually prepares you to make smarter financial decisions when you do have the money. By the way, I'm really happy for you for taking that leap and making your first Bitcoin purchase! What's even better is that you're using your spare cash and practicing dollar-cost averaging during price dips. That shows you know what you're doing! Remember, Bitcoin is a long-term investment, so stay committed and you'll be just fine. Keep it up

Actually it will going to waste if you will keep just thinking but not acting on it ,
If you are truly smart then you will do everything to have money for investing as the knowledge already on yours
and you knew that there is a promised profit here, so why waste more time when you can generate income from
doing such?Why not lessen your expenses , try to tighten your belt so you will have small funds to start buying
bitcoin and that will be the right starting point.and not just having plans and plans that never come to reality.
and also since it is for long term as you mentioned , then better to start it out now mate, you can begin with
5-10 dollars at least weekly and then try to increase as days passed by , because for sure once you see it growing
you will regret why not act instantly than talking and telling stories.
But like what you said, if he truly has not capital then sorry to hear but the bull is so near , we will regret
everything when the day comes.

arabspaceship123

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Quote from: MarvieJ on October 25, 2023, 04:20:52 PM

Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

You're advertising a service so that's your objective for posting short effortless sentences. Why didn't you use the services if you're work's in promoting?

Quote from: JayJuanGee on October 25, 2023, 05:02:18 PM

Maybe you guys (@Best-mary and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto? Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed?

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

I don't know what Bitgeto is or what it does but if they aren't posting on the topic they should be reported. Legends or newbie accounts aren't supposed to promote any entity between posts. They should've used services.

JayJuanGee

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Quote from: MarvieJ on October 25, 2023, 04:20:52 PM

Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

edited out

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Maybe you guys (@Best-mary and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto? Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed?

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

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Quote from: Best-mary on October 22, 2023, 12:37:29 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Frankolala

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Quote from: Bitcoinpoly on October 23, 2023, 02:20:33 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

Actually investing in Bitcoin is really cool, one of the safest investment in crypto currency. Also there are some savings that gives you opportunity to earn by APR, some are up to 7% APR why some are more than. If you utilize the exchanges with this features it will be an additional benefit. Top exchange like Bitget offers such while some middle level exchanges also have it such as CoinW and the likes.

Don't you ever try to get deceived by those tempting offers because you might get scammed and you will lose all your investment. Ypu have made 98 post, which shows that by now, you should be used to the risk in keeping funds in an exchange for any reason, because it us not safe.

Exchange uses such offer to lure customers to keep their coins in their custody, so that they can easily do away with customers funds as a scam exit. We saw how FTX went away with customers funds that was in their custody. Never leave your coins in an exchange because they are in control pf your keys, not your keys not your bitcoin.

https://www.coindesk.com/consensus-magazine/2023/10/17/how-african-students-became-victims-of-ftxs-collapse/?_gl=1

Blitzboy

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Quote from: Wiwo on October 22, 2023, 03:27:19 PM

Knowledge is key to all that we do and this is very important before you set out for anything and investment also is very important and Bitcoin being a volatile asset you need all the knowledge that you can get before putting down your money on it, so as not to buy in at the wrong time, and also how long you must be willing to hold your Bitcoin, but the best possible means to staying safe is to invest in bitcoin for a long time and within that time, get engage in bitcoin-related discussions to share knowledge with others that have similar internet to yours.

knowing a lot of things and knowing even more! It's what people do when they're dealing with unstable things like Bitcoin. You hit the nail on the head: jumping in without enough knowledge is like playing a high-stakes gaming game without knowing the rules. To be honest, nobody would do that. If you know about the Bitcoin market, you can protect yourself from its volatility. Deep dive, do study, participate, talk, and repeat!

Quote from: Wiwo on October 22, 2023, 03:27:19 PM

So since Oos said he has the luxury of time to keep his own rent money for a space of up to six months then it means if he has the right knowledge and applies it to his situation he should be able to operate a stress-freBitcoinin journey that will lead him to a more prosperous future as the case may be.

He's in a good spot because he has time on his side. But time wasted on things you don't know is just wasted opportunity. A bright future is not only possible for him, but almost certain if he really gains understanding and uses it wisely. The rules of the game are easy: learn, use, and repeat. But if you don't take it seriously, it's just old paper, even a treasure plan.

JayJuanGee

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Quote from: Bitcoinpoly on October 23, 2023, 02:20:33 PM

Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

Actually investing in Bitcoin is really cool, one of the safest investment in crypto currency. Also there are some savings that gives you opportunity to earn by APR, some are up to 7% APR why some are more than. If you utilize the exchanges with this features it will be an additional benefit. Top exchange like Bitget offers such while some middle level exchanges also have it such as CoinW and the likes.

It seems that the last cycle of failures in the bitcoin space should have demonstrated that chasing yield is not necessarily a good practice, especially since bitcoin is already designed to pump forever, so there should be no reason to get greedy and then get all your coins taken from you, rug pulled and/or other problems with those kinds of yield promising platforms.

Bitcoinpoly

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Quote from: Ruttoshi on September 13, 2023, 08:34:29 AM

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.

Let's discuss.

Actually investing in Bitcoin is really cool, one of the safest investment in crypto currency. Also there are some savings that gives you opportunity to earn by APR, some are up to 7% APR why some are more than. If you utilize the exchanges with this features it will be an additional benefit. Top exchange like Bitget offers such while some middle level exchanges also have it such as CoinW and the likes.

Topic: Bitcoin kwoledge is not complete without bitcoin investment - page 7. (Read 3441 times)