How can I invest to BTC? | Bitcointalksearch.org

Kelward

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Quote from: Antonil on March 22, 2024, 04:09:21 AM

We are really glad to see such a thoughtful question from you. You will be happy to know that this thread will teach you several ways to invest in Bitcoin.If you are a small investor, then DCA will be a good investment method for you.A simple calculation of DAC is:
You will invest 1/3 of your income over a period of time. And hold bictoin for a long period of time. If you hold in this way you will become a big investor after a while. For more details about this see below thread :

Buy the DIP, and HODL!

This is a good advice for any newbie investor, after getting a reliable source to buy your Bitcoin, either through p2p with a second party or through exchanges that stands as a third party, make sure that you're hodling your Bitcoin, in a none custodial wallet, that only you have the private keys, never leave your coins in an exchange. The best method to accumulate Bitcoin, is through DCA, that way you don't need much experience to start, just choose an amount from your income and periodically use it to buy Bitcoin and hodl, maybe weekly or monthly. It's a store of value and no matter how long you hodl it, it's price will keep increasing on the long term.

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Quote from: Jewan420

I am a small investor. I have some money to invest. How can I invest this money?

You mentioned here that you are a small investor. If you plan to invest as a small investor then I will tell you to invest here the amount of money you can afford to lose. So I would not tell you to go with high risk coins to invest first I would tell you to always invest with top coins and move on. Although investing is risky, if you can go ahead with the top coins, I think you can be pretty much risk free with your investment. So I suggest you to invest in bitcoin and ethereum if you can buy and invest in these top coins then your investment will be fruitful and you will get returns from here. But never risk investing by buying shitcoins, and some worthless coins.

Invest what you can afford to lose is a mature mind that prove that you are ready to take the risk to embark on top coins that will make you feel that you are in the direction to earn what people are earning from the top coins because they always make their customers to generate profit in a due season. BTC and ETH is good to take a risk to buy when the time to buy occur because they are among the top coins that is dominating the market over some years to make their customers experience positive profits and to believe that they are the top coins in the market.

Using shitcoins to start your journey is dangerous and it will make you to remain in your investment so long before you can start earning small profit, and it will not make you to rise easily like the way BTC customers rise higher when the bull time occur.

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You dont need to have a large amount of BTC like 1 BTC just to invest, a small portion of it is enough, seek an ideal exchange so you can buy a Bitcoin and other coins, as you say BTC, check if the binance or other crypto exchange supported your currency its become more convenience to you. What's your plan with that hold or to trade every market price movement? Youve posted a month ago seems you decided already. Good luck to your journey.

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Good So, I do not know how much amount you want to invest in Bitcoin... Besides This, I would like to suggest you to use the DCA(Doller-Cost Average) strategy Which as a result at the end of the day you will see good profit-making in your portfolio. However, there are also many other strategies as well including the lum-sum strategy my recommendation for you to do the DCA(Doller-Cost Average) which is a very effective investment technique. Bitcoin is the king of all digital currencies and has the highest market capital in the trading market which gives an indication that it is the most trusted digital asset.

You should invest 70 percent of your portfolio in Bitcoin investment and 20 percent of your portfolio in buying good altcoin projects like Ethereum and the rest of the 10 percent hold in the form of USDT because in case if you find any buying further opportunity you can use this 10 percent for buying. at the end, I would suggest one more thing you can use my suggestion for your personal research or research reference. DYOR!

2Pizza410000BTC

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

You mentioned here that you are a small investor. If you plan to invest as a small investor then I will tell you to invest here the amount of money you can afford to lose. So I would not tell you to go with high risk coins to invest first I would tell you to always invest with top coins and move on. Although investing is risky, if you can go ahead with the top coins, I think you can be pretty much risk free with your investment. So I suggest you to invest in bitcoin and ethereum if you can buy and invest in these top coins then your investment will be fruitful and you will get returns from here. But never risk investing by buying shitcoins, and some worthless coins.

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Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

When I asked some of my friends about wallets they gave me some p2p wallets. Don't know how secure and reliable they are.

I guess they mean about the P2P exchange where you actually have a wallet there but it's mostly used for trading there. It's not a good option to keep your bought Bitcoins there.

Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

Want to know from the experts how secure and trustworthy is Trust Wallet and Metamask Wallet?

Trust wallet is known and owned by Binance but as for Metamask wallet, you cannot store Bitcoin there. Unless you're going to buy Bitcoin that's done through several chains like Bitcoin on BEP20, Wrapped BTC and other chains where it has been done so, cross it out with your choice if you only want to buy Bitcoin. Because metamask is mostly for altcoins mainly in Ethereum chain but it also supports other chains nowadays.

Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

Which one would be best to use if secure and reliable? And if none of these two are trusted then name some trusted wallet!

You can start with Electrum.

Onyeeze

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The question is that which investment is in your mind, offline investment or online investment, because I know very well that before your instinct is telling you that you should invest that means you want to invest in online and that should be probably be cryptocurrency investment, if a cryptocurrency investment is something that is in your mind I will say that you should have a different portfolio and make sure that your investment will be on a good coins that have a good records because when you invest without knowing the coin you will end regretting, this statement I made now I have seen it severally to people this forum saying same.

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Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

Quote from: Adbitco on March 23, 2024, 08:57:19 AM

At first you need an exchange where you can find your account then withdraw it out from the exchange after purchase but if you are that type that doesn't like to reveal your identity then I will suggest trade on p2p over here from a local trader on your local board with this it's more easier for you to trade without going through kyc process from exchange. You need a wallet, an Electrum wallet can actually work very well for you depending on your trust to these wallets otherwise you can get a hardware wallet.

When I asked some of my friends about wallets they gave me some p2p wallets. Don't know how secure and reliable they are. Want to know from the experts how secure and trustworthy is Trust Wallet and Metamask Wallet? Which one would be best to use if secure and reliable? And if none of these two are trusted then name some trusted wallet!

The two wallets are okay just like their names sound, you can choose to use anyone of them since they are quite easy to use with after comprehension. I would not advise you to use some other wallets that are good too but can be very difficult for you to understand.
There are many available wallets you can use but you just have to choose between the two. Almost everyone use either the trust wallet or the MetaMask based on their features that made it more friendly for users.

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Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

When I asked some of my friends about wallets they gave me some p2p wallets. Don't know how secure and reliable they are. Want to know from the experts how secure and trustworthy is Trust Wallet and Metamask Wallet? Which one would be best to use if secure and reliable? And if none of these two are trusted then name some trusted wallet!

your goal is to invest. you should be more careful in connecting the wallet.
You can use your trust or metamask wallet to connect to exchanges or other websites. Meanwhile, to save your main assets, don't connect them to any exchange or website as much as possible. I suggest you buy a Trezor hardware wallet to use as your main wallet.
It sounds more complicated and more expensive, but it will prevent you from taking bigger risks if you are careful.

Rikafip

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Quote from: Jewan420 on April 02, 2024, 09:43:17 PM

When I asked some of my friends about wallets they gave me some p2p wallets. Don't know how secure and reliable they are. Want to know from the experts how secure and trustworthy is Trust Wallet and Metamask Wallet? And if none of these two are trusted then name some trusted wallet

None of those two are reliable enough for a long term storage and should be only used as a wallet for daily use where you won't keep more than a few hundreds of dollars (or whatever is the amount that you don't mind loosing).

Regarding the reliable solution for a long term storage, hardware wallet (some of the Trezor models for example) is probably the best (and not expensive) solution. There is a paper wallet too which doesn't cost anything but it takes some effort and knowledge to properly make it.

Agbe

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The thread was created last month and by now probably you have bought your first lod of bitcoin and started the journey of no return till the time to reap. But if I were you and that will also depends on the country you come from. If you come from a country that dollar is rising up very well and the local currency is depreciating then I will say you should not buy yet because of you invest now and the when the government brings down the dollar exchange rate and finally your local currency rise again then you be at lost and that's what happened in my country. Many of us lost millions because of this miscalculation before investing in it. But when invest at the time when the local currency has been stabilized then you can invest any amount. All the best in the journey.

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Quote from: God bless u on March 24, 2024, 04:19:08 AM

As a newbie I'll recommend you to use binance. Don't go for other options because they are a bit complicated and you might end up in a bad condition. Then you'll go to different social platforms to search for the solution and it may be available or not. Binance is very user friendly and you can easily trade using it.

The good thing is that if you encounter any problem in binance then almost every query is answered on YouTube because it's used by many users and it has a wider range of popularity so it's more advised to go for it. It offers you many features like auto sell etc which will help you in starting.

What will one start from? The basis of the market comes with a whole lot of concerns and we should be ready to obtain the require information necessary. The market should always come to us and not us going to meet the market. Bitcoin is the top project in the market and we have seen the best and down moment for this project. The process of accumulating Bitcoin is usually simple and straight, as long as you know the precise path to follow, everything becomes easy and up running. Sign up for an exchange and fund them with huge figures because there's more to invest in bitcoin.

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Quote from: Adbitco on March 23, 2024, 08:57:19 AM

At first you need an exchange where you can find your account then withdraw it out from the exchange after purchase but if you are that type that doesn't like to reveal your identity then I will suggest trade on p2p over here from a local trader on your local board with this it's more easier for you to trade without going through kyc process from exchange. You need a wallet, an Electrum wallet can actually work very well for you depending on your trust to these wallets otherwise you can get a hardware wallet.

When I asked some of my friends about wallets they gave me some p2p wallets. Don't know how secure and reliable they are. Want to know from the experts how secure and trustworthy is Trust Wallet and Metamask Wallet? Which one would be best to use if secure and reliable? And if none of these two are trusted then name some trusted wallet!

Zanab247

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You can download reminato or binance exchange app and, you can find where to sell or buy BTC with your fiat money and ensure you store the coins on a solid wallet if you want to enjoy long term hodling because, if you leave your coins in the exchange wallet, anything can happen that will make your coins to disappear.

Ensure you write down all your 12 words seeds phrase and keep them always from children or any suspected person around you because, once they discovered your seeds phrase and yours password, it will make them to withdraw your coins without your notice.

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Quote from: God bless u on March 24, 2024, 04:19:08 AM

As a newbie I'll recommend you to use binance. Don't go for other options because they are a bit complicated and you might end up in a bad condition.

We don’t know the nationality of the OP so recommending Binance as the only option may not be the best solution in this situation. OP will have to do his research on crypto exchanges that are considered legal in his country.

Quote from: Kristiyana on March 23, 2024, 05:54:02 PM

Is roqqu a trusted platform to trade? I have been using it for sometime now, I'm also seeking for your advice, reason is because nobody around me that is using roqqu to trade I really need your opinions.

Thanks you in advance

Yes Roqqu is a good p2p trading platform. However, I don’t recommend you store your coins on Roqqu or stake your coins on the platform. These platforms can get hacked and there is no assurance that affected users will get their money back. Patricia is an example of a p2p platform that was supposedly hacked and the company never refunded their users money back to them.

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

You have small money to invest! Can you be able to wait for under a long term holding period for that small money to bring you profit, because obviously bitcoin is not a get quick rich investment project. That's why it's necessary to have a reliable source of income while we invest in bitcoin so we don't reach out to our investment at a prematured time when some financial challenges hits us. A means of Sustainability while investing can't be overemphasized.

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As a newbie I'll recommend you to use binance. Don't go for other options because they are a bit complicated and you might end up in a bad condition. Then you'll go to different social platforms to search for the solution and it may be available or not. Binance is very user friendly and you can easily trade using it.

The good thing is that if you encounter any problem in binance then almost every query is answered on YouTube because it's used by many users and it has a wider range of popularity so it's more advised to go for it. It offers you many features like auto sell etc which will help you in starting.

Y3shot

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Before you plan invest just try to understand bitcoin first. It is a good thing to invest but when their is no knowledge about investment it always go wrong. Bitcoin is a volatile asset and it can't be predicted when to have profit , it is important to understand things very well before you start up this journey, understanding will guide your step and help you to do right thing. You have done the right thing to think to start investing but start up well by having good understanding.

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Firstly you should think of what kind of Bitcoin investment you would like to choose, would you want it in the long term or you would want it in the short term, would want to hodl or you would want to trade your asset. Usually investing in the long term has proven to be one of the most reliable, safe and profitable way of investing in Bitcoin, in this way of investing in Bitcoin, all you have to do is deposit some crypto into your wallet and then let it stay there for a period of months or years after which you can go back to it and see how much protect your privet seed phrase so others cannot be able to access your wallet without your permission. But in the short term you get to sell off your asset after a period of weeks or few months when you have see the slights profit.

Trading as a way of investing in Bitcoin is actually risky a d not very advisable for newbies because as newbies you may not be able to bear the risk and volatility that comes with trading and in some cases your account size may not me large enough to cushion the possible losses you may get trading so it's safer to buy HODL and sell in the long term.

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Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The method that is suitable for you is the DCA method where you can invest a certain amount of money for a certain period. You can visit the Buy the DIP, and HODL! thread to learn it with us.

You can choose to invest your money every week or month to buy Bitcoin for 1 year or more. You must follow the plan you made to become a Bitcoin investor.

You don't need to worry about market movements because your focus is only on collecting Bitcoin little by little. So you just try to be patient and invest your money according to the plan you made.

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