Topic: Hey guys newbies getting into Bitcoin now - page 2. (Read 671 times)

Thanks, that is one of my main concerns about this. What good is having Bitcoin if it'll get hacked or you are in constant worry of getting hacked. I read a lot on Bitcoin but I know nothing about the security of coinbase or moving it to another wallet. Every week I have been buying btc and I plan on continue that way till I hit a price point I feel comfortable with. I'm also thinking of taking profit on my tesla stock as I feel it is highly overvalued. I really need to decide how much in Bitcoin I want to go. There really isn't much to go on. No P/E or earnings or production to follow. I see what some of you are doing with trading the other coins, taking profit and moving into Bitcoin or something else. It's very interesting, I never knew of that till I found this forum. I'm no where near knowledgeable enough to do that but it's opening my eyes to the possibilities. Thanks again for the input on the wallet.

years of experience in stocks may give some advantages because sometimes bitcoins behave like stocks

Op you need to move your coins with a secured cold storage wallet like mentioned above my quote, learn how to use and utilize those wallets as it is safer to store your coins in a wallet that you owned the private key and you have a full control over them cause most of the coinbase don't provide that feature, believe me, there are tons of people who lost or stolen their coins online. Well it is not too late to invest in bitcoin as the potential of this coins is great added by the support of the community the price may pump again more than 10k base on the speculations so just keep holding don't just listen to the FUD's online.

You can also buy bitcoins from localbitcoins.com
with various modes of payments.

thanks see I know nothing about this but I will investigate ur link, thanks

You make a good amount of money.



being old man is something problematic and being old man and without money becomes a big nightmare


oh you did well



well, I do not think you're late, in the future the price of bitcoin will increase a lot



Welcome to the bitcoin world.

Well, it appears that you're not that noob, years of experience in stocks may give some benefit as sometimes bitcoin behaves like a stock,  when you have experience in forex, it will definitely help you some insights in terms of trading. One thing I'd suggest is don't or limit your use of web wallets such as coinbase, as these are just custodial accounts your not in control of your priv. key. One rule of thumb and n crypto is, not your private key not your bitcoin. Use a hardware wallet

Hey, it's better to keep your BTC in a wallet where you have the private keys..
Here's a post about the types of wallets, choose the one that suits you the most:
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151

Well when I mentioned diversity I meant in addition to stocks,gold and silver. I'm in no other coins than Bitcoin but I was thinking of litecoin

There is the idea that in order to diversify their risks need to invest the money in altcoins. I don't see the point in it. Bitcoin a safer currency. It is steadily increasing in price. Why voluntarily give up income. You can invest in altcoins but just hold your coins you have will not work. There need a different tactic. Earn with bitcoins easier.

I've been investing in stocks for twenty years or so with good results. I also have physical gold just because. Don't get me wrong, I'm not a rich guy, just trying to grow my money so I don't need to bust my balls working till I'm 90. I just recently joined coinbase to acquire some Bitcoin. I know I'm late to the party on top of which right now I'm only using my credit card on Bitcoin so I can only purchase small quantities weekly. Due to the weekly intervals I wasn't able to get in much on the recent drop. Glad I found this forum you guys gave me some practical advice while I was lurking. I'm used to looking at P/E ratio and other guidance in stocks. Bitcoin is a different animal and the best I can figure is it's growth is fueled by the confidence of it in its owners rather than in the numbers behind it or confidence in the government that prints it. I still do think that Bitcoin is a fiat but I know that is a provactive statement. Anyway, for people like me, who are getting in within the last few months I fear those crazy returns many of you were fortunate to enjoy are not going to be for us. I do beleive Bitcoin will still grow, just not like it has. So for now my plan is to use my coinbase limits to make small acquisitions and as I feel confident I will link coinbase to another source which will increase my buying power. I'm still deciding how much I want to put into Bitcoin. I want to understand better the safety of coinbase etc. although I'm getting in late I'm glad I'm getting in, if nothing else a little more diversification and of course to see where Bitcoin goes. Thanks I hope we all do well, this is my first post by the way.