Finally I did it (I am happy to join). - page 11.

bhadz

hero member

Activity: 2646

Merit: 584

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Congratulations on your very first purchase. You just have to be consistent in DCAing because when everybody is telling you to do so and you have obeyed, you're also the one that shall take that result that's beneficial for you.

Quote from: mcdouglasx on December 07, 2023, 04:01:46 PM

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300

That's sad but as long as you are able to use it when it was $300 and it has helped you by that time, I know that it sucks when the price is higher today compared to that time and it's way higher, there's nothing you can do now but to buy back and take the experience.

Quote from: mcdouglasx on December 07, 2023, 04:01:46 PM

therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.

It is true and that's the reason why you need to use your spare money or amount that you can take whatever happens.

EL MOHA

sr. member

Activity: 644

Merit: 298

Quote from: Su-asa on December 07, 2023, 01:07:08 PM

Although I bought my first Bitcoin through a P2P transaction with an exchange wallet, after receiving my first coins I have to resend them to an electrum Bitcoin wallet because it is safer.

I would say this is a great idea by you to go into full custody of your bitcoin by choosing an electrum wallet. The wallet is more secure than centralized exchanges like binance, just be sure you keep your seed phrase safe and store it online to avoid it been stolen. As for the device in which the wallet is installed make sure it is free from malware or viruses and avoid all clicking unnecessary links to avoid phishing attack. To over this device problems I will advice you consider purchasing an hardware wallet like passport.

Also take note of your privacy, you do not need to disclose this current picture showing your bitcoin.

Quote from: mcdouglasx on December 07, 2023, 04:01:46 PM

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300, therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.

Don’t feel bad about your choice, anybody can make same choice once, at least we you something to turn to in terms of need. In future I will advise you use any amount that you don’t need and not probably your emergency funds so that you don’t turn to bitcoin every time you need money. The longer you hold the more the better and the more gain you will gain

mcdouglasx

member

Activity: 239

Merit: 53

New ideas will be criticized and then admired.

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300, therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.

Ryu_Ar1

hero member

Activity: 1008

Merit: 724

Quote from: Su-asa on December 07, 2023, 01:07:08 PM

I wanted to buy my first Bitcoin in the month of October but, based on some personal issues, I tried not to invest at that time.
However, that was the best time to buy some Bitcoin, but still, today I have finally bought my first Bitcoin. It is quite hard
With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.

Wow. That's a pretty big first purchase buddy because if you look at the conversion of the amount of bitcoin you bought at the current price it's more than the $1000 you spent to buy the first time today.
But congratulations on your first purchase at this time because even though the current price is still quite large but I think it doesn't matter if you are serious about investing in it especially for the current price of bitcoin will definitely be even higher than before.
But on the other hand, don't let this be your first and last purchase. There are some good strategies if you are serious and have money that is not too used with DCA or buy on the dip I think it can be a good method for your next purchase.

Jating

hero member

Activity: 2842

Merit: 772

Congrats on your purchase, I think this is a perfect time to still get inside the market and buy one time. It could also be done by using the DCA method. But it seems that you doesn't want to do obviously as you have the capital to buy in bulk.

Just remember though to protect your bitcoin at all cost. Maybe the next best thing for you is to learn and practice safety here.

Hopefully, you put your BTC on a Non-custodial wallet, a wallet which you have total control.

un_rank

hero member

Activity: 644

Merit: 661

- Jay -

Quote from: Su-asa on December 07, 2023, 01:07:08 PM

I talked about my plans on how I can buy Bitcoin monthly, but I finally changed the plans, so I have save enough money through the help of my business (I have cars that I use for bolt business and I am making good profits from it).

DCA is good cause it means you would have gotten your bitcoins at a much cheaper rate, but buying in bulk means you avoid paying repeated transaction cost and exchange fee to buy and withdraw.

Remember to back up your seedphrase in more than one location, to not have a single point of failure.

- Jay

CryptoHeadlineNews

hero member

Activity: 1176

Merit: 785

Quote from: Su-asa on December 07, 2023, 01:07:08 PM

With the names above, I was so encouraged to buy Bitcoin and hold it for a long term.
@Distinctin, @m2017, @Peanutswar, @wxa7115, @wxa7115, @TheUltraElite, @Minecache, @lovesmayfamilis, @Lorence.xD, @Nrcewker, @Blitzboy, @lranus, @Darker45, @adzino, @CryptoHeadlineNews, @Ultegra134, @gunhell16, @rachael9385, @aylabadia05, @tabas, @CryptopreneurBrainboss, @Cryptomultiplier, @Lucius, @cryptoaddictchie,@Jawhead999, @tbct_mt2,Z-tight, @Yamane_Keto, @Out of mind, @Oshosondy, @mocacinno.

With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.

I just wish i had an extra smerit, I would have given you for your brave step into investing in Bitcoin. But moreover, I must commend, I feel honoured to be mentioned as one of those who did courage you into purchasing this your first Bitcoin, as it is indeed good move in the right time, as Bitcoin has been recently noticed to skyrocket within the past few days, and yet has a higher tendency to gradually continue to almost $50k (i.e mere speculation).
While secondly, I must recommend you make security your top priority, by storing your wallet 12 words Seed phrase in a well secured place, while avoiding to click any link you don not understand to avoid been hacked. Because $1429 is a very huge sum to be kept carelessly

Asiska02

hero member

Activity: 1008

Merit: 702

Congratulations on your bitcoin purchase. Having some investment in bitcoin as the halving and bull run season is approaching is very appealing to oneself. You’ve made the right choice to move your bitcoin to a decentralized wallet for complete ownership and control of your funds. Now that you have the keys to your coins, keep them safe and do not allow anything to infiltrate your wallet. Security and privacy is key to every bitcoin hodler, you should keep things private going forward and not show anyone how much you’re worth.

Su-asa

sr. member

Activity: 504

Merit: 300

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I wanted to buy my first Bitcoin in the month of October but, based on some personal issues, I tried not to invest at that time.
However, that was the best time to buy some Bitcoin, but still, today I have finally bought my first Bitcoin. It is quite hard to do this, but I finally did it.
on this thread, I talked about my plans on how I can buy Bitcoin monthly, but I finally changed the plans, so I have save enough money through the help of my business (I have cars that I use for bolt business and I am making good profits from it).
Although I bought my first Bitcoin through a P2P transaction with an exchange wallet, after receiving my first coins I have to resend them to an electrum Bitcoin wallet because it is safer.

With the names above, I was so encouraged to buy Bitcoin and hold it for a long term.
@Distinctin, @m2017, @Peanutswar, @wxa7115, @wxa7115, @TheUltraElite, @Minecache, @lovesmayfamilis, @Lorence.xD, @Nrcewker, @Blitzboy, @lranus, @Darker45, @adzino, @CryptoHeadlineNews, @Ultegra134, @gunhell16, @rachael9385, @aylabadia05, @tabas, @CryptopreneurBrainboss, @Cryptomultiplier, @Lucius, @cryptoaddictchie,@Jawhead999, @tbct_mt2,Z-tight, @Yamane_Keto, @Out of mind, @Oshosondy, @mocacinno, @Dave1, @Makus, @Mr.right85, @serjent05, @Potato Chips.

With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.

Topic: Finally I did it (I am happy to join). - page 11. (Read 2025 times)