How do I invest (safely) in Bitcoin for the long term? - page 2.

ngacengan

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Quote from: bitgolden on September 05, 2017, 02:18:28 PM

Quote from: mast3rm1nd on September 03, 2017, 08:35:42 PM

I think the november fork needs to be taken into consideration. it might effect the market significantly.

Yes, probably you are right. But I think for investing for a longer term and that too safely, needs you to be a good player. You first need to make smaller investments and see the way things happen. When you think yourself good enough to proceed for a long term investment, only then go for it.

can you include links about fork? this could be good info for bitcoin players to buy first because surely the price will rise after fork.

CarnagexD

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Quote from: n4poleon on August 26, 2017, 01:21:33 PM

Any devise that it is online are never safe. I suggest that it is better to have one of these hardware wallets to store your bitcoins long term. Or better yet, use paper wallet. As for the exchanges, when you want security you may want to use decentralise exchange (bitsquare). If you're okay with custodial exchanges then go ahead and use it, when trading you may want to consider volume as a factor. Go for the exchanges that has the highest volume.

It is tyre that we should always consider that risk is always there when it comes to investments. So for us to evade the effect of the risk out there in all form or investments we shod always consider an option for us to learn more and ti adapt to the changes in terms of the development it cod take as a form of transaction with used of Bitcoin or in terms of tradings, investments or any type of transaction.

hilarypolar

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You can buy your BTC on Coinbase using dollars and if you want to feel more secure, get a wallet so you can keep it there, that way you keep it out of an exchange. In my opinion a wallet is always safer, if you are not looking for trading or so. Good luck with it

Monnt

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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.

rollsroyce

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Quote from: rollsroyce on September 04, 2017, 08:01:06 PM

Quote from: rollsroyce on September 01, 2017, 01:16:40 AM

Quote from: omonuyak on August 31, 2017, 04:17:07 PM

Though you are very lucky to make it in your last investment according to your testimony and I am very happy for you for making so much at list double your investment. Since you said you are new I think you should study very well to know when to buy and time to sell.

OP here.

Thanks for your advice. I am an experienced trader and investor. I am waiting for the Bitcoin price to drop before I get back in.
Maybe around the $2500 area. Any market that goes parabolic eventually collapses back to much lower levels.

Is there a way to short this market through a reliable broker?

Bitcoin is starting to get down to my target area. Currently at $4180. Down from $4969. Thats down 16% in less than 2 days.
Ethereum is now down from $391 to current $295. Thats down 25% in less than 2 days.

I love this market
[/quote]

OP here

Bitcoin has now gone as low as $2981. It will definitely get to my target of around the $2500 area.
Ethereum has now gone as low as $201. It will get to $100 without even working up a sweat.

Bitcoin at $2500 is a good place to buy.
Ethereum is a good buy at $100

gabmen

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Quote from: MinMan on September 14, 2017, 06:12:04 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

There is no such thing as safe investment, you can only regard to it as a calculated risk investment, in which you have done a lot of research on the investment and you have been able to note that it would be profitable for you.

I agree. 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

MinMan

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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

There is no such thing as safe investment, you can only regard to it as a calculated risk investment, in which you have done a lot of research on the investment and you have been able to note that it would be profitable for you.

MinMan

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Activity: 618

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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

There is no such thing as safe investment, you can only regard to it as a calculated risk investment, in which you have done a lot of research on the investment and you have been able to note that it would be profitable for you.

Superways

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Quote from: MinMan on September 12, 2017, 03:50:59 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

I suggest you invest with money you are not scared of losing and just leave the investment to grow over time, you would be shocked at the result if you try investing this way. Make sure its money you’re not scared of losing.

You are right. I will suggest you to go with small investment in the start. Invest only a portion of your income in Bitcoin at the beginning. After sometime, keep on adding a little more amount and then you will find out that the results are more than satisfactory and that you have earned a lot of profit than you ever expected.

rizkyhiw

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Quote from: Kevin77 on September 08, 2017, 08:46:45 AM

Quote from: TheGodFather on September 07, 2017, 01:14:34 PM

Quote from: Taskford on September 07, 2017, 12:21:52 PM

I don't think that there is a clear way for you to invest in bitcoin safely for long term because long term investing in bitcoin is good but there is no valid way to make safe investment because it is still up to the person on how he will manage to make his investment safer than the others.

yes, it depends on the person on it, everything depends on the person who are using it or the person who are investing, when you join the world of trading you are be able to accept the risk in everything, learn to accept that not all the time you will earn a lot sometimes you will lose also it is a matter or lose and win so be careful.

Trading was never a safe game. None is. If someone is aware of this world, he also knows that it involves a lot of risk and if someone is planning to become a trader, he better keep this thing in his mind beforehand. Also, it is like Risk=Rich. So there is no safe way but the danger can always be decreased.

There's always a risk , but you can minimize it if you have good analysis skill,
Make an accurate prediction and take a little profit could be your choice ,
Buy bitcoin step by step in every single bullish situation ,
How to know it was bearish or bullish , it's back to your ability make a prediction based on your own analysis and that is the real key to get a low risk but still profitable.

Fappanu

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Activity: 1111

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In today's era. It's hard to keep bitcoins in 3rd Party wallets because everyone knows bitcoins. it's worth the interest to actually accumulate so that's what they will do. Even steal. Many of the events have taken place like losing millions of users' funds into a Wallet. So it's hard to really trust. I have a good idea to help you and it's hardware wallets or USB Type wallet here to move your bitcoins and put them on a USB. This is the Legder wallet, Trezor wallet you can put your bitcoins there and no one can move it.

MinMan

full member

Activity: 618

Merit: 154

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

I suggest you invest with money you are not scared of losing and just leave the investment to grow over time, you would be shocked at the result if you try investing this way. Make sure its money you’re not scared of losing.

Kevin77

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Activity: 1652

Merit: 1057

Quote from: TheGodFather on September 07, 2017, 01:14:34 PM

Quote from: Taskford on September 07, 2017, 12:21:52 PM

I don't think that there is a clear way for you to invest in bitcoin safely for long term because long term investing in bitcoin is good but there is no valid way to make safe investment because it is still up to the person on how he will manage to make his investment safer than the others.

yes, it depends on the person on it, everything depends on the person who are using it or the person who are investing, when you join the world of trading you are be able to accept the risk in everything, learn to accept that not all the time you will earn a lot sometimes you will lose also it is a matter or lose and win so be careful.

Trading was never a safe game. None is. If someone is aware of this world, he also knows that it involves a lot of risk and if someone is planning to become a trader, he better keep this thing in his mind beforehand. Also, it is like Risk=Rich. So there is no safe way but the danger can always be decreased.

TheGodFather

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Activity: 854

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Quote from: Taskford on September 07, 2017, 12:21:52 PM

I don't think that there is a clear way for you to invest in bitcoin safely for long term because long term investing in bitcoin is good but there is no valid way to make safe investment because it is still up to the person on how he will manage to make his investment safer than the others.

yes, it depends on the person on it, everything depends on the person who are using it or the person who are investing, when you join the world of trading you are be able to accept the risk in everything, learn to accept that not all the time you will earn a lot sometimes you will lose also it is a matter or lose and win so be careful.

Taskford

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I don't think that there is a clear way for you to invest in bitcoin safely for long term because long term investing in bitcoin is good but there is no valid way to make safe investment because it is still up to the person on how he will manage to make his investment safer than the others.

valuater

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I think if you want to invest there are 2 ways , first buy some bitcoin and save for the next few years or buy tools to mine bitcoin like ant miner (example)

JimmieA

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Long-term investment ? This would probably be suitable for buying btc and reserve it waiting for the price to go up to make a profit. You just have to choose the right time to buy and sell btc then it will give you a profit. This is relatively safe since btc is a relatively stable currency and the main currency in the crypto system, trusted by everyone.

Kunlejoe0

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Coin base and you can use paper wallet for keeping your bitcoin safe for long term

gabmen

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Quote from: prtty2gal2 on September 06, 2017, 04:42:35 AM

Quote from: jvdp on September 04, 2017, 12:16:30 PM

Quote from: ethereumhunter on September 04, 2017, 07:12:39 AM

you can buy bitcoin in exchange like kraken, bitstamp, localbitcoin, and other else but if you want to hold for a long term, i suggested you to move your bitcoin from the exchange into your wallet or paper wallet or usb wallet. i think its not safe if you hold in the exchange as we know that the exchange is not always safe so better you save it in your private wallet.

To inverse in bitcoin safely means you must have knowledge in bitcoin. You should periodically check the value of In every specific period of time.You must save your bitcoin for longer termto get more profit. You keep in a wallet and make some security password for that account to make it safely.

Indeed the best way of making huge profits with bitcoins is to keep them in wallets for long period. You can easily secure your wallets buy changing their password regularly and keep a back up of passwords. Besides it is also recommended not to keep all coins in the same wallet. It reduces the risk of going bankrupt if your wallet gets hacked.

Even if you have good knowledge on something that you're investing on, there will always be risks. There isn't any 100% way to safely invest in anything by you definitely can lower the chances of a negative outcome by preparing for your investments

prtty2gal2

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Quote from: jvdp on September 04, 2017, 12:16:30 PM

Quote from: ethereumhunter on September 04, 2017, 07:12:39 AM

you can buy bitcoin in exchange like kraken, bitstamp, localbitcoin, and other else but if you want to hold for a long term, i suggested you to move your bitcoin from the exchange into your wallet or paper wallet or usb wallet. i think its not safe if you hold in the exchange as we know that the exchange is not always safe so better you save it in your private wallet.

To inverse in bitcoin safely means you must have knowledge in bitcoin. You should periodically check the value of In every specific period of time.You must save your bitcoin for longer termto get more profit. You keep in a wallet and make some security password for that account to make it safely.

Indeed the best way of making huge profits with bitcoins is to keep them in wallets for long period. You can easily secure your wallets buy changing their password regularly and keep a back up of passwords.

Besides it is also recommended not to keep all coins in the same wallet. It reduces the risk of going bankrupt if your wallet gets hacked.

Topic: How do I invest (safely) in Bitcoin for the long term? - page 2. (Read 4195 times)