I don't know about your financial status but few dollars worth of Bitcoin won't make anhige difference so keep buying and accumulate as much as you can and keep it untouched for atleast 5 years to see the real returns but your making the investment here and it can be possible with any asset.
Apart from making profits and people around you are buying Bitcoin, is there any other reason for holding Bitcoin?
Topic: Bold step to invest my fiat in Bitcoin - page 6. (Read 822 times)
Great job! You finally have your own sats. It may be a small amount but it's probably going to be the most memorable purchase you've ever made. It's your first, after all. Among many, hopefully.
Don't worry about it being only a small amount. It is always advised to start small and invest only what you can afford to lose. And big things come from small beginnings.
We're still at an early phase. You're better than those who have set aside a bigger amount but only want to buy when Bitcoin falls to $10,000 or $8,000.
Don't worry about it being only a small amount. It is always advised to start small and invest only what you can afford to lose. And big things come from small beginnings.
We're still at an early phase. You're better than those who have set aside a bigger amount but only want to buy when Bitcoin falls to $10,000 or $8,000.
Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning.
Locals taught you about Bitcoin and introduced you to this forum. It's good to begin your learning with them and share what you were taught by your locals. Maybe not all things they taught you are correct and if you presented their lessons there, people can enlighten you more, help you to correct inaccurate lessons.Quote
But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up .
You won't get tangible profit if you don't hold your bitcoin a few years.Quote
Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me
With small amount, you can apply Dollar Cost Averaging. With time and DCA, you will spend very big net capital by DCA and you will accumulate considerable Bitcoin.https://dcabtc.com/
Congratulation and continue buying Bitcoin, DCA would be the best practice for purchasing Bitcoin.
There's a question above that I will repeat here OP because this is very important stuff to know, where did you store the Bitcoin that purchased?
If that is on the centralized wallet which I think is based on the image you've shown, you're not safe because you didn't have full control over your coins, the golden rule that always to remember, "Not your keys, not your coin". Just quickly move your Bitcoin to a safe wallet, Electrum would be the best for beginners because it is free to install.
One thing that you must be always remembered, never to panic and sell and never sell under the price where you purchase, that's insane.
There's a question above that I will repeat here OP because this is very important stuff to know, where did you store the Bitcoin that purchased?
If that is on the centralized wallet which I think is based on the image you've shown, you're not safe because you didn't have full control over your coins, the golden rule that always to remember, "Not your keys, not your coin". Just quickly move your Bitcoin to a safe wallet, Electrum would be the best for beginners because it is free to install.
One thing that you must be always remembered, never to panic and sell and never sell under the price where you purchase, that's insane.
Small or big amount are the same. If you have the courage to invest then feel free to do so but if you are just carried away by the hype this industry is having, ease down and learn things first. Managing the risks won't be as easy as it may sound; the market price moves a lot and you have to prepare yourself on every decline of its value. Also, with FUDs which might affect your decisions as an investor to whether sell or continue holding. Bitcoin indeed has the biggest potential but along the way is a different story. Not because many people earned huge from this industry, you'd already assume that same thing would happen on your investment because there will always be underlying factors to affect every outcome, so be cautious of those things.
Bitcoin is acceptable in so many small scale business around me in my locality
But i still wonder why some people will come onboard claiming they are looking for businesses where bitcoin is made acceptable fir making payments where they can be referred to, despite the global growth in adoption rate of bitcoin acceptance for making payments, yet some will ask they don't know where to make payment in bitcoin.
I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning.
That's true, you have no limit to how far you can learn from here, this is the official bitcoin discussion forum where all issues related to bitcoin were discussed.
But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.
All these comes in along through your learning process while patient is also well recommended althrough this period so that you don't rush.
So everyone should join me and celebrate this purchase
Don't you think it will make no meaning if everyone making investment with bitcoin is coming here to ask for celebration in purchase, it's your investment and should be taken with utmost care because you may not call for making mistakes or doing the wrong thing if encountered, the celebration we want is to ensure you secure your asset and let others finds a reason for joining through you.
You just did the right thing. Everyone starts small and depending on your capacity and the important thing is you've made it there. This will urge you to have some more while doing some calculations on how much you'll gain if ever you've got an $xx amount on your stash.
But as you start, you need to realize the volatile that you'll also experience. At first, it's like too heavy in your feeling when you see the market goes on low but sooner and later, you'll just endure all of it and will not feeling anything when you see the valuation of portfolio sways up and down.
But as you start, you need to realize the volatile that you'll also experience. At first, it's like too heavy in your feeling when you see the market goes on low but sooner and later, you'll just endure all of it and will not feeling anything when you see the valuation of portfolio sways up and down.
Everything comes out of learning. OP had taken the very first move and this will be positive for him. Many people doesn't have the real understanding and they keep on delaying. The initiative taken earlier gives the best rewards. OP is from a country that have got good level of cryptocurrency acceptance amidst the government's policy. Even in our forum it is possible to see good number of members from Nigeria spreading the word of bitcoin through all sources available for them. Even small vendors around the country have begun to accept bitcoin into the business which is the best part. Congratulations and hope you make regular buying of bitcoin for your future.
Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
Welcome onboard mate, nice step you took here in buying Bitcoin. A little bit larger than mine at the first time purchase but we all start our bitcoin journey somewhere so I will just advice you keep holding on strong, and make sure you buy more so your chances of getting some profits will be high when the price pump up during the bull season. One thing that is always advice here is not to forget to move your coins off the exchange you use in buying and take it to a more safer environment which is a non custodial wallet like the electrum wallet and remember to always keep your seed phrase safe and saving it offline is more preferably as it will be free from any cyber attacks. So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
Well done mate, welcome to the club. I advise you to continue buying a little at a time and keep them aside and above all continue to frequent this forum which will surely help you a lot.
Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
Congratulation on your first purchase of Bitcoin, and welcome to the Bitcoin community. It might be a small amount but who knows, after a decade that amount might grow 100-fold once adoption mass adoption took place. It is somehow unadvisable to transfer your fund if it is sitting in an exchange because it will be just eaten by the transaction fee. Better accumulate a good amount first before withdrawing it to your wallet.
If you have an extra fund, you can always accumulate Bitcoin in a small chunk, that is at least a proven strategy for people who has no huge amount of money but wanted to invest.
Welcome to the Bitcoin club!
$5 worth of Bitcoin today might be work $50 tomorrow, who knows!?
I hope you are holding your coins in a safe wallet. Is that a Binance P2P purchase on the picture? Did you leave your coins on Binance or did you withdraw them elsewhere?
First of all, I would never advice anyone to hold coins on an exchange but (there is always a but) in your case, it makes more sense than withdrawing them. Let me explain why. You own 0.00027... BTC. Binance's withdrawal fee (I am assuming that is Binance on the image) over the real Bitcoin blockchain is 0.0002 BTC. Not only that, but you don't have enough for a withdrawal. But you have enough to withdraw fake bitcoins. Don't let Binance trick you into withdrawing bitcoin over some alternative networks like its native Smart Chain or as a BEP2 token. Those are centralized and pegged BTC tokens and not the real bitcoin.
$5 worth of Bitcoin today might be work $50 tomorrow, who knows!?
I hope you are holding your coins in a safe wallet. Is that a Binance P2P purchase on the picture? Did you leave your coins on Binance or did you withdraw them elsewhere?
First of all, I would never advice anyone to hold coins on an exchange but (there is always a but) in your case, it makes more sense than withdrawing them. Let me explain why. You own 0.00027... BTC. Binance's withdrawal fee (I am assuming that is Binance on the image) over the real Bitcoin blockchain is 0.0002 BTC. Not only that, but you don't have enough for a withdrawal. But you have enough to withdraw fake bitcoins. Don't let Binance trick you into withdrawing bitcoin over some alternative networks like its native Smart Chain or as a BEP2 token. Those are centralized and pegged BTC tokens and not the real bitcoin.
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
As irritating as this is beginning to look in my eyes, I would say, you've done yourself solid by buying a few sats. That's nice but, is it really something we should celebrate? Like why should we...? You bought your first bitcoin and then what?This is a trend that I have seen to go around one too many times and it's already polarised at my end. Do we have to see this sort of thread over and over again; i bought my first bitcoin, i purchased goods with bitcoin, I started accepting bitcoin in my business and lots of those similar threads.
This makes me see reason why mega threads are been put in place to house this sort of festivity. Do we have one? I think it hould be made elaborate and let's have all these directed there.
Don't take this personal as its got nothing personal about it, am just not feeling the vibe no more for these trends.
Congratulations mate on your first Bitcoin purchase. it's indeed a bold step in the right direction. One most striking benefit of Bitcoin is it's divisibility which enables both the high and low income earners to buy the coin. Just keep increasing your coins based on your income, keep them in a safe wallet and wait patiently. Who knows, you might make so much profit in few years. It is also important to note that Bitcoin doesn't guarantee financial freedom but it could be part of your financial freedom plans. That's why it is important to diversify your income base. All the best bro.
Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to
https://i.imgur.com/NiPto8D.jpeg
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