How do I invest (safely) in Bitcoin for the long term?

rollsroyce

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Activity: 35

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Quote from: rollsroyce on September 24, 2017, 02:11:30 AM

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

Some recent reviews of Coinbase. These reviews are so bad.

https://au.trustpilot.com/review/coinbase.com

rollsroyce

newbie

Activity: 35

Merit: 0

Quote from: rollsroyce on September 24, 2017, 02:11:30 AM

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

How to lose $8k worth of bitcoin in 15 minutes with Verizon and Coinbase.com

https://medium.com/@CodyBrown/how-to-lose-8k-worth-of-bitcoin-in-15-minutes-with-verizon-and-coinbase-com-ba75fb8d0bac

Savemore

sr. member

Activity: 952

Merit: 274

Quote from: BitDiscussion on September 24, 2017, 03:51:01 PM

Quote from: Cobalt9317 on September 24, 2017, 02:41:37 AM

Quote from: rollsroyce on September 24, 2017, 02:11:30 AM

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

What the hell I supposed that is the last exchange that will be hacked, I'm afraid if coins.ph also will be a victim of that hackers or they will turn a hackers themselves, at any rate this will not solve the issue I think it is better to just save your BTC for a really long term like holding 10BTC in 14 years and exchange it someday when the exchange is righteous.

Well you may be right. But I think this will not be an easy job to do. For me, buying the Bitcoins and keeping them in my wallet is the best way to hold the coins for the long term. I think your coins will be safe and sound in your own wallet. Just wait for the right time and sell your Bitcoins to have desired amount of profit.

I store my bitcoins in online wallet (coins.ph). All of my bitcoins are in there and I know that it is safe because it is very trusted wallets. I can easily cash out and convet my bitcoins to fiat money because of that wallet.

BitDiscussion

member

Activity: 98

Merit: 10

Quote from: Cobalt9317 on September 24, 2017, 02:41:37 AM

Quote from: rollsroyce on September 24, 2017, 02:11:30 AM

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

What the hell I supposed that is the last exchange that will be hacked, I'm afraid if coins.ph also will be a victim of that hackers or they will turn a hackers themselves, at any rate this will not solve the issue I think it is better to just save your BTC for a really long term like holding 10BTC in 14 years and exchange it someday when the exchange is righteous.

Well you may be right. But I think this will not be an easy job to do. For me, buying the Bitcoins and keeping them in my wallet is the best way to hold the coins for the long term. I think your coins will be safe and sound in your own wallet. Just wait for the right time and sell your Bitcoins to have desired amount of profit.

Cobalt9317

copper member

Activity: 434

Merit: 278

Offering Escrow 0.5 % fee

Quote from: rollsroyce on September 24, 2017, 02:11:30 AM

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

What the hell I supposed that is the last exchange that will be hacked, I'm afraid if coins.ph also will be a victim of that hackers or they will turn a hackers themselves, at any rate this will not solve the issue I think it is better to just save your BTC for a really long term like holding 10BTC in 14 years and exchange it someday when the exchange is righteous.

rollsroyce

newbie

Activity: 35

Merit: 0

Quote from: rollsroyce on September 24, 2017, 01:49:03 AM

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

i have been Googling Coinbase. They are having appalling reviews about not paying customers, blocking access to their accounts, and not responding at all to emails or phone calls etc.

Some customers are saying that any big deposits are blocked from withdrawals and then the customers are blocked from accessing their accounts.

No Coinbase for me

rollsroyce

newbie

Activity: 35

Merit: 0

Quote from: bitcoin31 on September 23, 2017, 12:05:58 PM

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.

I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/

Coinbase was successfully hacked 30 times in a month. That is an average of once a day.

bitcoin31

hero member

Activity: 1834

Merit: 523

Today price of bitcoin is 3800 dollars so if you want to buy bitcoin now you can do itm but invest only you can afford to lose . Bitcoin is good for longterm and for sure if you hold bitcoin for few years you can earn a lot of profit because maybe next month the price become 5k dollars and it will continue to increase again. You can store your bitcoin in coinbase they base on Us dolllars and this wallet is very safe.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: mriansa on September 21, 2017, 05:02:18 AM

Quote from: rollsroyce on August 23, 2017, 09:38:10 PM

Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs

if I became you I already invested 70% of my riches for bitcoin, by the way I bought bitcoin and left it up for several years to come.

That’s great, it means that you will be earning a lot of money in future from your today investments. Well I too have made around 60% investments in bitcoins and around 40% in physical assets of my total savings to make my family’s future safe and sound. This will be benefiting me a lot.

ethereumhunter

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Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Landagert on September 21, 2017, 09:40:13 PM

Avoid storing in an exchange unless you use the money for trading. If you have the private key then it is more secure. cold storage is more better, and not always connecting to the network is another - prevent from outside individual from trying to even hack your Bitcoin. Trezor, a Bitcoin physical wallet is also another point for security

https://trezor.io/

trezor can be a good solution to safe our bitcoin for a long term but we need to put it on the safe place too. but if you want to save in software like bitcoin core or even in jaxx and mycelium, this could be a good too but always remember to keep the wallet for yourself and don't telling to other people about your bitcoin amount especially your private keys..

Armstand

hero member

Activity: 626

Merit: 500

Quote from: Pakboy on September 21, 2017, 09:52:45 PM

Before you invest your money, you should know the risky of the bitcoin investment. You must have a knowledge to the progress of the bitcoin. You can earn more money if you are knowledgeable person.

Just when you learn it thru experience we can get the ideas and skills we needed to earn in trading , mostly when we get too excited in selling it we tend to see more opportunities the other time so better plan it accordingly.

BitPACK

full member

Activity: 246

Merit: 100

you can use trezor but safest way is paper wallet. but you have to be careful.

Pakboy

full member

Activity: 195

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"Proof-of-Asset Protocol"

Before you invest your money, you should know the risky of the bitcoin investment. You must have a knowledge to the progress of the bitcoin. You can earn more money if you are knowledgeable person.

Landagert

full member

Activity: 165

Merit: 100

Avoid storing in an exchange unless you use the money for trading. If you have the private key then it is more secure. cold storage is more better, and not always connecting to the network is another - prevent from outside individual from trying to even hack your Bitcoin. Trezor, a Bitcoin physical wallet is also another point for security

https://trezor.io/

mriansa

full member

Activity: 560

Merit: 105

Quote from: rollsroyce on August 23, 2017, 09:38:10 PM

Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs

if I became you I already invested 70% of my riches for bitcoin, by the way I bought bitcoin and left it up for several years to come.

Tecumseh666

newbie

Activity: 19

Merit: 0

if you want to get more income from bitcoin you must be away from this word safely Because risk mean money

Duogembrot

full member

Activity: 476

Merit: 100

Quote from: rollsroyce on August 23, 2017, 09:38:10 PM

Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs

you can try trading lending that is in poloniex, there you like invest do not have to trading we just invest there and we get profit every day.

liuqi

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Activity: 1092

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LuckyB.it is Back!

Quote from: Monnt on September 20, 2017, 12:02:06 PM

Quote from: gabmen on September 14, 2017, 08:57:57 AM

You can only do so much and you're still not going to have 100% assurance of having a safe investment. Though of course your chances will considerably be better than those blindly investing on random icos without doing proper preparation but still, bottom line is there still are risks

You can invest safely in bitcoins for long term buy making correct use of your analytical skills and market intellect. People usually feel insecure because bitcoin doesn’t exist physically and who will be responsible for their investments at the time of crisis, I think they will surely get answers to these when bitcoin will be legalized in the world.

Diplomatic answer buddy. You have to mention which best option according to your view. There are many people investing on various platforms in bitcoin such as trading, mining, gambling, doubling and so on.
Now after Japan, India made bitcoin legal to use it everywhere in their country. I would prefer trading because we can utilize the time when value dumps and climb to peak when reached to more value later on that.

willmsnow

member

Activity: 87

Merit: 10

Quote from: dealung on August 24, 2017, 02:36:27 AM

You can try coinbase, I think coinbase is your answer.
There you can store bitcoin and usd, i also used to save bitcoin and usd and coinbase quite easy to understand.

Doesn't coinbase always save bitcoin as USD equivalent? If bitcoin price rises then the USD value does not rise there. Is it incorrect?

poetra2501

hero member

Activity: 896

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Quote from: Monnt on September 20, 2017, 12:02:06 PM

Quote from: gabmen on September 14, 2017, 08:57:57 AM

You can only do so much and you're still not going to have 100% assurance of having a safe investment. Though of course your chances will considerably be better than those blindly investing on random icos without doing proper preparation but still, bottom line is there still are risks

You can invest safely in bitcoins for long term buy making correct use of your analytical skills and market intellect. People usually feel insecure because bitcoin doesn’t exist physically and who will be responsible for their investments at the time of crisis, I think they will surely get answers to these when bitcoin will be legalized in the world.

That's what we are hopefully that bitcoin will be legalized in all countries, if that will be
happen then I am sure will be many people who will invest into the bitcoin.

Topic: How do I invest (safely) in Bitcoin for the long term? (Read 4195 times)