How can I invest to BTC? | Bitcointalksearch.org

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Quote from: Antonil on March 22, 2024, 05:09:21 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, 04:39:00 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!

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Quote from: Jewan420 on March 22, 2024, 04:39:00 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, 10:43:17 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, 10:43:17 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, 10:43:17 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.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 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, 10:43:17 PM

Quote from: Adbitco on March 23, 2024, 09:57:19 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, 10:43:17 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.

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Quote from: Jewan420 on April 02, 2024, 10:43:17 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.

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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, 05:19:08 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, 09:57:19 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!

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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, 05:19:08 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, 06:54:02 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, 04:39:00 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.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 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, 04:39:00 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, 04:39:00 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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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

It's good that you chose bitcoin as a new investment instead of all other coins. You can buy bitcoins via p2p from the top exchanges to buy bitcoins. Before investing money, first of all check how safe is the place where you are keeping the money. Keep your Bitcoins safe by transferring your Bitcoins to a popular wallet like Electorum. Since you are new and have no experience then you can learn how to save bitcoin money by watching various tutorials online. Bitcoin is a long term investment if you can hold on to it you will get good returns in the future. Best of luck.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

If you are really a new member then I want to tell you that you can buy bitcoin through p2p by verifying binance exchange KYC with your local currency. You can create an Electrum wallet and store your bitcoins there. But you must have some experience to buy bitcoin, if you are new then you can see how to buy from YouTube. But there is no way to make a mistake, if you make a mistake you will lose your money. Also I see many here explain you very easily with links please try hope you will succeed. But finally I want to tell you that the wallet you hold is very secure no one can steal your wallet seed phrase.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

You are interested in investing in Bitcoin which is great. You can buy bitcoins from Kucoin or Binance p2p to buy bitcoins. One thing you need to be aware of is that exchanges are risky so you don't keep bitcoins on exchanges. You buy bitcoins from an exchange and transfer bitcoins to a good wallet. But you will try to hold the investment for a long time. You can earn a lot of profit if you hold for a long time. Many say invest what you can afford to lose. You keep investing in DCA method. Good luck to you.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Hmm that's quite good idea for investing in Bitcoin.

But mate, I will try to emphasize a little bit that you are new to this territory and didn't even know that How harmful can it be for you to share the final status with someone that I have such an amount or that I am going to invest it in, etc.? Because this sharing may involve the employee's privacy. It means that there are many hackers who monitor people to steal people's property and target them for hacking when they find a weak point.

So bro you are new here The first thing you need to do is secure your funds. like keep in a safe place i.e., a hardware wallet. Do not store the funds in the exchange because at any time they can cheat you and steal the funds. And lastly don't share your financial status with anyone.

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Quote from: Adbitco on March 23, 2024, 09:57:19 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.

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

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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.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Op it's a good decisions you have taken upon yourself to in est in Bitcoin but before you make your investments, there are some basic things you need to know their importance before making investment so as not to loss your money along your investment journey. First I'll like you to know that, after buying your coin from an exchange, it's important that you move those coin to a non-custodial wallet for full access and control over your coin. Secondly you need to know the importance of seed phrase, every wallet has a unique 12 word or 24 words seed phrase which are used to import/export your coins to another device or wallet. Without your seed phrase and your wallet device got stolen or damage, your entire holding is gone. That is the more reason why you need to keep your seed phrase safe by writing it on a sheet of paper and try as much as possible to keep it away from the internet, storing it in a safe would be more preferable but if your want to hold a large amount of coins, then you'll need to buy a hardware wallet.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

I was reading this topic and I suggest you to read this topic --> https://bitcointalksearch.org/topic/m.63840372 As it says DCA and smart DCA once you will read the difference between them, you can decide for yourself which scheme is better fo you to invest in BTC. It does not really matter how small an investor you are. Because your small capital might prove a lot for another member. Due to the tier 1 and tier 2 (tier's) nature of the countries. I hope you understand my point here.

You should do DCA, at the moment is the best thing to do, because doing a Lump sum (buying all at once) might not be so helpful and if you are new to the crypto sphere then you might get into some kind of FOMO or FUD or any other market-driven sentiments that can make you lose your funds by making the wrong move. Plus try to learn before investing in BTC, because learning is more important, and one more thing to invest in BTC don't join some group and hand over your funds to them for handling or other purpose, that must be idiotic (no offence).

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

I don't like places where KYC doesn't exist, especially if it's an exchange site that definitely requires KYC. But gambling sites are a different matter, there is a KYC that you must think about because your privacy may be exposed. So there is huge variation between exchange and gambler side, so KYC appears to exist due to timing situation.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

What do you know about bitcoin? You should know the things you are going to invest at least.

For your money, always diverse it and don't stick it on single investment.
Do the 50/20/30 ratio, 50 your expense, 30 savings and 20 investments. If you're going to invest bitcoin always do for long term. Also, invest on your wallet tools such hardware wallet to prevent of getting hacked, getting malware, etc. or electrum but you should know how to make it secure like in air-gapped device.
Don't forget that your private keys and seeds are included on this, so save them offline on a secured place.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

First of all, know what Bitcoin is and how it works.

Then you can use any of these non KYC exchanges for safe and transparent transactions without exposing your privacy in the name of KYC

Download a non custodial wallet like Electrum or BlueWallet to be keeping your Bitcoin safe; make sure you secure your seed phrase in a safe place.

Franctoshi

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

You have taken the right step forward in seeking your investment into Bitcoin and since you have taken this good decision to start your investment, it doesn't just end there, only buying of Bitcoin, there are couple of other stuff you should never forget to do, therefore you should study, know, and understand reason for the creation of Bitcoin and the reason you should invest, Things like the risk factors, that is knowing the pros and cons of investing in Bitcoin, so in the case you see Bitcoin dropping in price you won't panicked.

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Quote from: Dr.Bitcoin_Strange on March 22, 2024, 04:24:17 PM

I believe that no matter what country you come from, the metamask wallet would be allowed in that country, but what I am not sure of is if your country is among the countries that are allowed to use your debit card to purchase bitcoin on the metamask wallet. If perhaps Bitcoin is legal in your country, you can use your debit card to purchase Bitcoin on the Metamask app, which supports cards from a lot of countries around the world.

This is not the right advice for newbies like Jewan420, you can buy bitcoin on metamask but it is not native bitcoin but a wrapped version of the native which we call wrapped bitcoin. Until now, metamask is not compatible with bitcoin and only compatible with EVM standard tokens, which means we can't buy or store native Bitcoin in this wallet. What you say could be misleading to newbies who might want to know more about bitcoin.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

That's easy - but maybe it depends on how you want it. If you know someone in your social circle who is also a bitcoin user - then it becomes possible for you to buy bitcoin from them without needing to register on any centralized exchange. P2P may be good for your option - but there are many ways to invest in bitcoin.

You may need to have a wallet - get the best one among several user suggestions before me, it will keep your bitcoins safe although the risks are still there. How big or small the budget you invest in bitcoin doesn't matter - but you have chosen the right investment asset instead of save fiat under your pillow.

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Quote from: Ruttoshi on March 22, 2024, 04:49:37 AM

Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Since you are a newbie, you can use Binance to buy your bitcoin. Download Binance app from the official website, and register your account, providing them the information they want for KYC. Once you are done with that, you use p2p on the exchange to buy bitcoin where you pay with your local currency.

You should also create a noncustodial wallet in which after buying your bitcoin from Binance, you transfer it to your private wallet, where only you have the private keys. Don't leave your coins in an exchange. Investing in bitcoin should be done in a long term.

You can download electrum wallet from this link https://electrum.org/

You might have an option.. Blue wallet is good too. https://bluewallet.io/

Binance is probably the most recognize CEX that's fully functional in almost everywhere around the world but unfortunately there is a now a restriction with Nigerians users in the case of P2P trading, taught I should point this out although am not specific on your current country but with the write am thinking you are a fellow country man and if am right then binance is totally not a source to get or buy Bitcoin in our country but if am wrong of the location binance is a good exchange to buy and for moving out of the coin.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Where do you live?
Because this will normally influence what kind of exchange you can use.
It will be better if your country has local exchange that are reputable.
Or, if you are still confused with what kind of exchange, you can check and learn about them here:
You can also learn about decentralized exchange (DEX) and also centralized exchange (CEX). You can search on several sources.
https://coinmarketcap.com/rankings/exchanges/
Here, Binance is number 1 exchange based on CMC.

Then, you must also learn how to use the exchange. Commonly after you decided which exchange you will use, you can continue by searching information about how to make account in the exchange. It will be your account to access in the exchange, to buy and trade the coins. You can use the exchange wallet to store your BTC, but this is not really recommended. It is better to use hardware wallet. But this will also need some costs. So, this will depend don how much you have and how long you will invest.

Learn many things about Bitcoin, wallet, exchange, and also crypto in general. You must have enough understanding before deciding to invest in BTC.

Issa56

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Since you are new to cryptocurrency, then I will advise you do some research before making any investment, you shouldn’t just jump into what you don’t know about, if you invest, and you don’t have any knowledge, I won’t be surprised if you end up losing your investment in the long run.

If you are investing, you have to know the appropriate wallet to use, make sure you don’t leave your coin on any exchange, money left in exchange doesn’t completely belongs to you. Do your research to know the coin which you will be investing in (I do recommend people to invest in bitcoin alone), you should know when to invest, and you shouldn’t be expecting quick money from bitcoin investment.

Make sure you back up your private key, after creating your wallet, the first thing is to back up your private key, make sure your private key is completely stored offline, never leave your private key online, and make sure you don’t write your private key in a place that can easily be destroyed. There are still other things which you should before you make investment.

The Cryptovator

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I am assuming you are seeking to invest. If you are looking to buy Bitcoin or any other cryptocurrency with your fiat, then you may try any p2p platform. For newbies, it's advisable to invest through the DCA strategy. It means you can buy Bitcoin per dip. At the beginning, I preferred to invest in Bitcoin. You have to learn more about cryptocurrency. Spend more time on this forum to learn more. Remember, cryptocurrency investments doesn't mean its an quick rich methods. You have to struggle a lot to gain from cryptocurrency. So having proper knowledge about cryptocurrency behaviour is very important.

Churchillvv

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Building on what most people have said above, when you want to invest in bitcoin whether small investor or big investors it's best put some things into consideration. Like, if you invest with your capital, it's not going to affect your day to day survival. It should be an amount you can afford to lose and it's more advisable not to go all in with all your money (capital) in order not to be stressed with your investment.

Another thing you should consider is wallet that will be used to store your investment, there are lost of wallets to use to store your assets depending on the asset you want to buy, if you invest in altcoins then open source wallets like unstoppable wallets and Metamask is good for you although they can also hold bitcoin but it's best store bitcoin in a good wallet like Electrum if you have enough capital you could make it a cold storage but since you're starting small, using Metamask is a better option than if you purchased with Metamask wallet you can move your coins (bitcoin) to Electrum wallet from Metamask.

There is a good feature in Metamask that you could enjoy which is purchasing with debit card, if you're in an eligible country then you have no problem less problems to encounter when purchasing. Additionally we have methods of investing in bitcoin which includes; DCA, Lump sum and Buying the dips you can use this methods to increase your stash of bitcoin at any given time.

Dr.Bitcoin_Strange

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What do you believe in?

I believe that no matter what country you come from, the metamask wallet would be allowed in that country, but what I am not sure of is if your country is among the countries that are allowed to use your debit card to purchase bitcoin on the metamask wallet. If perhaps Bitcoin is legal in your country, you can use your debit card to purchase Bitcoin on the Metamask app, which supports cards from a lot of countries around the world.

RockBell

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Quote from: Bushdark on March 22, 2024, 12:33:42 PM

If you are taking about investing in Bitcoin, things could be a good time for your since the Crypto market is still trying to go back to 73k.
You will need to do your findings and know how you are going to be buying Bitcoin to holding for more bull movement.
You have made a good choice to invest in Bitcoin even if it's small amount, that would be a great move for your so that by the time the price of Bitcoin reaches 100k, you will be in massive profits depending on the capital you are using to purchase Bitcoin.

It has been rising and falling from 73 to 60, indicating that there is still some time for those who are still interested in investing. Because the period of halving is approaching, we should take advantage of the market's retracement. Because I am sure there will be people like that. And when it comes to bitcoin discoveries, you should have good apps that can provide you with accurate bitcoin news so that you can predict what will happen as a result of that information. No matter how small the investment, bitcoin represents a new beginning, and rather than staking a large sum of money to gamble, it is preferable to invest in bitcoin. And you will make a profit and have peace of mind instead of losing the money.

BIT-BENDER

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Small investor? That's not bad you can still start but right now don't go all in. Don't invest all your small saving start the investment gradually.

I would advice for you to build something substantial in Bitcoin investment you need to have a source income to support your plans. A one time investment looking at how big the price of Bitcoin is won't be enough.

Find a good source of income, plan how much you want to save and weekly or daily you can keep depositing it. The process of investing is not that difficult, get a Bitcoin private wallet where you would store and then get an exchange where you would buy Bitcoin from. Preferably you can get decentralized exchange

sokani

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Quote from: Nwada001 on March 22, 2024, 01:34:29 PM

Currently, the bitcoin withdrawal fee on Binance is close to $13 worth of bitcoin, which is very high compared to what you will be charged if you buy from Dex, and you can move that directly to your personal wallet.

Good point and this should be taken into consideration when buying Bitcoin from CEXs, especially when it's a small amount. Imagine buying $50 worth of Bitcoin on a CEX and paying $13 dollars in transaction fees to withdraw to a personal wallet. On that note, I'd suggest op uses CashApp to buy Bitcoin if it's available in his or her country because CashApp does not charge withdrawal fees, the transaction is processed in batches.

boyptc

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Find out if there's a local exchange that's found in your country. Because if we tell you how but then there's none that can be found in your country which is likely the signal that your country doesn't support crypto or probably illegal there then we can't help you.

Otherwise if you are persistent then you can do some P2P trade in the forum and you'll gotta pay it on any payment method that's available to you with the help of any trusted forum escrow.

m2017

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keep walking, Johnnie

Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Maybe you should try investing in bitcoin the same way everyone else does?

If you were able to find this forum and ask this question, why couldn't you use Google search? The Internet is littered with guides on how to buy bitcoin in various ways.

Here is one way to buy (exchange money to bitcoin). What options would you like to hear with my signature?

In fact, any investment in bitcoin begins with this, namely, the purchase / exchange of traditional money, and then bitcoin is simply stored in the wallet (pre-created before purchase) until the right moment. And who can help with the exchange? Of course, one of the reliable and proven exchanger aggregators. Which one, you already guessed.

This is not an advertisement, but for some reason they forget about this method, mind you, which has existed for many years.

Nwada001

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Quote from: encryptogon on March 22, 2024, 11:55:28 AM

You can use Binance to buy/ Sell cryptocurrency. Make an account on Binance and do a KYC to activate your account. There is a section called P2P, where you can sell/ buy USDT or Bitcoin in your local currency. After purchasing BTC or any other coin, do not store it on Binance Exchange, transfer those tokens ASAP to Metamask or Trust Wallet (You can use other wallets as well).

First, when you want to buy a small amount of bitcoin, it's not advisable to use an exchange account. Aside from the privacy, the withdrawal fee that you will be charged might be close to what you purchased on that exchange and want to move out of.

Currently, the bitcoin withdrawal fee on Binance is close to $13 worth of bitcoin, which is very high compared to what you will be charged if you buy from Dex, and you can move that directly to your personal wallet.

Another thing is that TrustWallet is a close-source wallet and it's not recommended for use; Metamask is good for Altcoin; and UnstoppableWallet can also go for altcoins. If you want to recommend the best wallet for bitcoin holding, you should recommend wallets like BlueWallet and Electrum; they are some of the best open-source wallets here, among many others.

Ndabagi01

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Quote from: Davidvictorson on March 22, 2024, 05:08:56 AM

This is one of the greatest possible advice and response to your question. Anything any user adds will revolve around this or will be a summary of it. Pay close attention to each of the paragraphs because it is written by a bitcoin OG with extensive knowledge and experience in cryptocurrency markets, making their insights particularly valuable.

This is the best advice for a newbie, just like the thread's original poster. I'd never heard of this before, but even though I'm not a beginner, I learned something new and became more knowledgeable about bitcoin investing. The use of exchanges, their benefits and drawbacks, and how they differ from the use of personal wallets in which I have custody of the private keys is important to distinguish them.

Going through this post by a bitcoin OG himself has already explained what the OP needs to do as he prepares to invest in bitcoin. If he follows this advice and uses the best wallet for storage, he will be glad he invested in bitcoin and stored it in those wallets when exchanges go bankrupt or lock users' funds, preventing them from accessing them.

Bushdark

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

If you are taking about investing in Bitcoin, things could be a good time for your since the Crypto market is still trying to go back to 73k.
You will need to do your findings and know how you are going to be buying Bitcoin to holding for more bull movement.
You have made a good choice to invest in Bitcoin even if it's small amount, that would be a great move for your so that by the time the price of Bitcoin reaches 100k, you will be in massive profits depending on the capital you are using to purchase Bitcoin.

Doan9269

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Being a newbie, i will advice you to learn about bitcoin first and and understand the possible means of making investment in it, the advantages and the disadvantages or risk that may come in with making an investment, once this conditions were meant, you will have to choose an exchange to use the p2p network in buying bitcoin with your local currency and then later move your coin from that exchange to a non custodial wallet and then you hodl, you must have targeted that the particular period you're buying is when the market is bearish, then you will need time to hodl and wait this the market surges and you then sell at your convenient time.

encryptogon

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

You can use Binance to buy/ Sell cryptocurrency. Make an account on Binance and do a KYC to activate your account. There is a section called P2P, where you can sell/ buy USDT or Bitcoin in your local currency. After purchasing BTC or any other coin, do not store it on Binance Exchange, transfer those tokens ASAP to Metamask or Trust Wallet (You can use other wallets as well).

Eleutheria

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Quote from: Hatchy on March 22, 2024, 08:48:18 AM

Though you may be partially correct mate, but a country where it's government choose not to accept Bitcoin or crypto as a legal tender doesn't stop it's citizens from purchasing Bitcoin. You can buy using p2p so long there are trades open for your local area and trades who will sell, then you can deposit the funds through the provided bank account and receive Bitcoin in return.

You are right, I was not talking about the country accepting it as a legal tender, but they not making it illegal to hold, trade or accept it for payments. If a country allows one to freely use this fancy internet money without meddling, that will be true freedom.

SatoPrincess

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I get worried when people post things like this in a public space. You are making yourself a target for scammers. I’m certain you would have received dozens of messages from strangers if you posted this anywhere else but Bitcointalk. When you want to ask such questions next time, I think it’s best you leave some details out of it, “How can I buy bitcoin?” would be a better way to get your message across.

nakamura12

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There are different wallets that are legit like electrum for Bitcoin. There are also different wallets for altcoins and tokens and for you to use a wallet for multichain then I suggest you use binance and take note that you shouldn't store your crypto there and only use it like buying and selling although you may have to do a KYC if you don't mind doing it. As others have explained that you should also keep in mind about the situation of crypto in your country because some countries where their government banned the use of crypto where as some didn't ban at all and making it a legal tender like in El Salvador.

Kristiyana

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Quote from: Davidvictorson on March 22, 2024, 05:08:56 AM

Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

To give a reply to you, Theymos opines:

Quote

When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.

To the greatest extent possible, you should always avoid keeping BTC (or anything else) in online accounts. This is especially important right now because a very large exchange went bankrupt recently; this has already caused a contagion effect which has taken down other companies which accept deposits, and this contagion may continue to spread and affect more companies.

Ideally, you should keep as large a percentage as possible of your crypto assets in a wallet where only you control the private keys. Electrum for Android or desktops is one good option. For iOS, there's BlueWallet. If you have a large variety of different crypto assets that you need to store, there's Unstoppable wallet. If you have never used your own trustless wallet before, using a mobile app is probably safer than using a desktop app. An even safer option, which you should definitely consider if you have a lot of crypto assets, is to use a hardware wallet such as Trezor.

This is one of the greatest possible advice and response to your question. Anything any user adds will revolve around this or will be a summary of it. Pay close attention to each of the paragraphs because it is written by a bitcoin OG with extensive knowledge and experience in cryptocurrency markets, making their insights particularly valuable.

My advice for you as a small Investor, you should learn how to hold coin for long time, and also knowing how to time the market so as to know the right time to buy or sell your bitcoin, although timing the market is not that good but you need to have the experience because is also one of the important things you need to know as Investor, secondly when making any investment you need to look for a profiting coin to invest.and make sure you invest with the amount that you can afford even if you lose.

Rruchi man

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

If any personal comes to you with a private referral to sign up to a strange platform where you can buy your bitcoins from, there is a big chance of it being a scam, even if the message is from an account having a high rank.

As you are interested in learning about ways to invest, also learn ways to keep your investment safe too.

Hatchy

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Quote from: Eleutheria on March 22, 2024, 04:51:30 AM

Are you aware of the legality of Bitcoin in your country? If it is totally legal, then find an exchange that operates in your country, register an account, deposit your funds and look for a buyer, this can be P2P or you can create a buy order.

Note that there are different types of exchanges for different people, depending on the amount of personal information you are willing to show. I like privacy and freedom, so I go for exchanges that do not ask for KYC and decentralized ones, Check https://kycnot.me/

It is fine to be a small investor. If you buy consistently when you can with little amounts, you assets will grow. Make sure you are storing them safely in a non custodian wallet.

Though you may be partially correct mate, but a country where it's government choose not to accept Bitcoin or crypto as a legal tender doesn't stop it's citizens from purchasing Bitcoin. You can buy using p2p so long there are trades open for your local area and trades who will sell, then you can deposit the funds through the provided bank account and receive Bitcoin in return. Though most exchanges now who allows you to trade without the kyc aren't that much as they are gradually turning into centralized. Just be careful when doing your trade and avoid discussion about things outside trading with those trades as some might get scam.

Antotena

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Before I answer your question, why are you investing on Bitcoin, is there any motivation behind your investment? I'm asking this because a lot of people just want to invest into as they heard from other people, they hear how fascinating it's during the bull run and how it's has been pumping over the years but what they don't tell you is the complete story. Bitcoin is everything you want as an investment but let's be guided, it has up and down side to it's journey and what I mean by that is the up and down moment, it can go up and it can crash upon bad news.

Some people believe that bull run hasn't started until 2025, so if you know you can risk and buy now, do it and hold it and please, it's shouldn't be from money you want right now so you don't buy and then later run hectically to sell which will probably be at loss. Please, proceed your investment with caution.

bayu7adi

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If Bitcoin is not illegal in your country, then you have many ways to buy Bitcoin... you can use a p2p exchange service, or you can go through a safer exchange (in my opinion, Binance is a good one to try)....

If you intend to buy BTC and store it in your personal wallet, then the simple steps are as follows

1 - Create a wallet and secure your private key (can use the desktop or mobile version of the Electrum Wallet)
2 - Look for p2p BTC buying and selling service providers in your country. I can't recommend that as long as you haven't mentioned your country location, try going to a local board to get complete information about this
3 - Pay using FIAT and receive BTC in your personal wallet

If you intend to buy BTC using an exchange, here is a short method that I can explain

1 - Create an exchange account... I recommend CEX for buying BTC, but never keep money on the exchange for too long
2 - Create a non-custodial Bitcoin wallet to store your own bitcoins
3 - Deposit some money to the exchange using supported currencies
4 - Buy BTC, then withdraw the BTC to your personal wallet

I recommend that new users learn to secure their own assets in a private, non-custodial wallet. You will know the importance of it after reading a lot of news about CEX having problems in the past.

cryptoWODL

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

You can buy Bitcoins with dollars from various exchanges like Binance, Kucoin, Coinbase and more. But if you don't have dollars if you have your own local currency you can buy dollars with your own currency and start investing. Here are a few examples of how you can buy bitcoins through a Binance account or through an exchange. If you have a verified Binance account, first log into your Binance exchange. Then you will see there is trade option which I have marked with square click on it.

After clicking such an interface will show in front of you, put dollar (USDT) according to your ability and click buy bitcoin. Maybe this way you can easily buy bitcoins with your money through Binance account or exchange.

There are videos on youtube on how to buy bitcoins from binance account you can also watch it maybe it will help you.

YouTube: How to buy Bitcoin on Binance

But always keep one thing in mind when you buy bitcoins for investment, you need to make sure that your invested bitcoins are safe. You need a non-custodial wallet to keep your Bitcoin safe. You can use Electrum, Exodus non custodial wallets which are much more secure.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

you can buy bitcoin through exchanges like binance, kucoin, coinbase, or several other exchanges, there should be lots of tutorials you can read on google about how to register on these platforms and how you can buy bitcoin from their platforms.

however, as suggested by several users above, because you are planning to invest, you should prepare a custodial wallet so you can hold your bitcoin there. storing in a custodial wallet is much safer than an exchange, because when you store bitcoin in an exchange wallet, they have authority over the bitcoin, and if the platform goes bankrupt then your bitcoin is at risk of being lost along with them.

but when you store it in a custodial wallet, you have full authority over it and whenever you want, you can transact directly. no need to be complicated, what you do is just buy bitcoin from an exchange and then transfer it to your custodial wallet, it shouldn't be difficult.

Mia Chloe

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This is a nice move op .
However I have a vital recommendation for you and it's quite simple. Making Bitcoin investments is a nice move but the most important thing especially because you are a newbie is to make sure you understand what you are investing in. Of course Bitcoin is worth the praise but don't just dive into purchasing Bitcoin when you don't understand how it works and even how to keep your coins safe.

Therefore I recommend that before you venture purchasing some coins, get a few articles using the search button here and read concerning Bitcoin especially wallet and privacy safety if you are in a country where Bitcoin is illegal. You must not understand the technical part but make sure you gat security basics like using an open source wallet and not hodling in an exchange. Most importantly don't forget to keep your keys safe.

Antonil

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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!

Davidvictorson

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

To give a reply to you, Theymos opines:

Quote

When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.

To the greatest extent possible, you should always avoid keeping BTC (or anything else) in online accounts. This is especially important right now because a very large exchange went bankrupt recently; this has already caused a contagion effect which has taken down other companies which accept deposits, and this contagion may continue to spread and affect more companies.

Ideally, you should keep as large a percentage as possible of your crypto assets in a wallet where only you control the private keys. Electrum for Android or desktops is one good option. For iOS, there's BlueWallet. If you have a large variety of different crypto assets that you need to store, there's Unstoppable wallet. If you have never used your own trustless wallet before, using a mobile app is probably safer than using a desktop app. An even safer option, which you should definitely consider if you have a lot of crypto assets, is to use a hardware wallet such as Trezor.

This is one of the greatest possible advice and response to your question. Anything any user adds will revolve around this or will be a summary of it. Pay close attention to each of the paragraphs because it is written by a bitcoin OG with extensive knowledge and experience in cryptocurrency markets, making their insights particularly valuable.

Eleutheria

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Are you aware of the legality of Bitcoin in your country? If it is totally legal, then find an exchange that operates in your country, register an account, deposit your funds and look for a buyer, this can be P2P or you can create a buy order.

Note that there are different types of exchanges for different people, depending on the amount of personal information you are willing to show. I like privacy and freedom, so I go for exchanges that do not ask for KYC and decentralized ones, Check https://kycnot.me/

It is fine to be a small investor. If you buy consistently when you can with little amounts, you assets will grow. Make sure you are storing them safely in a non custodian wallet.

Ruttoshi

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Baba God Noni

Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

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

Since you are a newbie, you can use Binance to buy your bitcoin. Download Binance app from the official website, and register your account, providing them the information they want for KYC. Once you are done with that, you use p2p on the exchange to buy bitcoin where you pay with your local currency.

You should also create a noncustodial wallet in which after buying your bitcoin from Binance, you transfer it to your private wallet, where only you have the private keys. Don't leave your coins in an exchange. Investing in bitcoin should be done in a long term.

You can download electrum wallet from this link https://electrum.org/

You might have an option.. Blue wallet is good too. https://bluewallet.io/

Jewan420

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

Topic: How can I invest to BTC? (Read 641 times)