Topic: How do I invest (safely) in Bitcoin for the long term? - page 5. (Read 4195 times)
Your should get some altcoins and keep them for long time especially the first ten higher market capitalization one. For now many altcoins that are less than $10 such as wave, ripple and lisk will get to $500 one days. So if you really want to make money from cryptocurrency in long term you should invest in altcoins for now instead of bitcoin especially if you objective is to make profit. It will be hard for bitcoin to get to $8000 before the end of the year but wave can conveniently get $10 and that is double in price for both.
You can try poloniex, because I think poloniex is your answer and there are some altcoins to supplement your income.
There you can store bitcoin, usd and altcoin, I also used to store my assets in poloniex because the security is very good and quite easy to learn.
There you can store bitcoin, usd and altcoin, I also used to store my assets in poloniex because the security is very good and quite easy to learn.
Hi Guy,
In online many men can suggest you in many ways but i suggest you that you should learn more and more from online, what is the right way to invest safely Bitcoin. Own suggestion is the best suggestion.
Thanks.
In online many men can suggest you in many ways but i suggest you that you should learn more and more from online, what is the right way to invest safely Bitcoin. Own suggestion is the best suggestion.
Thanks.
Since you indent to invest such huge amount I will recommend you safe them in offline wallet like Trezor and others to avoid been hacked online by hackers. Buying bitcoin from coinsbase will be good and safe including Local bitcoin.
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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?
Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here
Thanks. I will keep this in mind when I do my next buy.
Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here
Thanks. I will keep this in mind when I do my next buy.
>What is the "best practice" processes to buy and sell BTC?
Experienced traders might buy when BTC prices are declining, for this you its worth using technical analysis to help you pick points on the charts for timing of entries.
>Where is the best place to buy BTC using USDs
Seasoned traders may use multiple exchanges, e.g. Gdax, Kraken and Gemini and then they will buy BTC at whichever exchange has the lowest price. Prices diverge from time to time and you might get much better prices at one of the exchanges if you are alert and nimble.
>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
The best place for long term storage is a physical hardware wallet such as a Trezor or Ledger Nano so that you control your private keys.
> What is the best place to Sell BTC using USDs
As noted above, watch BTC prices on multiple exchanges, then pick the exchange where you can get the highest when you sell.
One more important point, I would never sell all of your BTC even if you feel its overvalued in the short term. Its worth keeping some of your BTC as a long term buy and hold.
Experienced traders might buy when BTC prices are declining, for this you its worth using technical analysis to help you pick points on the charts for timing of entries.
>Where is the best place to buy BTC using USDs
Seasoned traders may use multiple exchanges, e.g. Gdax, Kraken and Gemini and then they will buy BTC at whichever exchange has the lowest price. Prices diverge from time to time and you might get much better prices at one of the exchanges if you are alert and nimble.
>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
The best place for long term storage is a physical hardware wallet such as a Trezor or Ledger Nano so that you control your private keys.
> What is the best place to Sell BTC using USDs
As noted above, watch BTC prices on multiple exchanges, then pick the exchange where you can get the highest when you sell.
One more important point, I would never sell all of your BTC even if you feel its overvalued in the short term. Its worth keeping some of your BTC as a long term buy and hold.
If you wan to invest safely, invest in the perfect time because maybe when you invested then the price goes low so be careful of that.
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
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. To me the best place to buying bitcoin is from localbitcoin! It is more reliable as there provided escrow services and you should store your coin in an online storage.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
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
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. To me the best place to buying bitcoin is from localbitcoin! It is more reliable as there provided escrow services and you should store your coin in an online storage. 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 longterm what you want in bitcoin it's better to store paperwork or hardwallet because you hold the private key but if it's only a short term for the exchanger to store bitcoin if just incase you would like to pump the pump and dump of bitcoin more You can easily deal with risky there are just a few exchanger that will be affected by the ddos attack
The most important thing he need to do is to find a good wallet. I have seen ledger and trezor wallets for $30 and up, depends what kind much you wish to pay for protection. There is
no need for experienced traders here, buy when ever you have a chance for that if you plan to hold them for longer, under $5k everything is cheap.
I have no experience in trading, it is very risky to trade and it is easy to lose bitcoins. Saving is safer, do not pay attention on speculations, people will always have opposed opinions
about bitcoin. You choose do you wish to believe or not, read about it and make your own opinion about bitcoin like I did.
You already sold all of your bitcoin and got huge profit also.so now you can again invest on Bitcoin.but this time I would suggest you for Altcoin investment.its to easy and more profitable also.just try to buy some good alt coin and keep them to your MEW or a wallet that provide you a private key.
I don’t think so that any Government will take up such steps against Bitcoins. On the other hand, it can happen that Governments of different countries can make it as their National Currency. And this will not be surprising at all for anyone knowing the worth of Bitcoin.
If you're only investing a little amount of money, you can use exchanger out there to exchange your USD to BTC or you can use coinbase to buy them using credit card. You can save the BTC using online wallet like blockchain.
But if you invest like a huge amount, let say 100 BTC for example, it's better to buy a hardware wallet to store your BTC safely
But if you invest like a huge amount, let say 100 BTC for example, it's better to buy a hardware wallet to store your BTC safely
If longterm what you want in bitcoin it's better to store paperwork or hardwallet because you hold the private key but if it's only a short term for the exchanger to store bitcoin if just incase you would like to pump the pump and dump of bitcoin more You can easily deal with risky there are just a few exchanger that will be affected by the ddos attack
Buying bitcoin is depending on the place where you are located. Like example in my case, we have a merchant here were bitcoin accepted(coins.ph), then this merchant affiliated with 711 convenient store outlet where you are able to buy bitcoin using our own currency then you will only shows the reference bar code after that it will scan it to their cashier machine then you will see in the coins.ph to your wallet over there that you have a balance on the amount you buy in the store outlet.
Buy a pile, send it to a cold storage mean and then dig a hole, very deep.
Draw a fessure map where X marks the spot just in case you forget how many steps from the big tree you did dig.
Arrrrghhhhhh
Draw a fessure map where X marks the spot just in case you forget how many steps from the big tree you did dig.
Arrrrghhhhhh
As long as you have confidence that you have a computer that's not going to become irreparable or damaged, and you have no intention of moving around anytime soon then obviously the best choice is a nice lightweight software wallet, make sure the coins are in there and thoroughly confirmed, shut it down and leave it alone except for possibly making a backup of the wallet data in a different location.
if a person wants progress in his life and he possess a workable computer which he beliefs that is not damageable so he should install the ASAP and open his wallet for bitcoins savage and there is nothing any laborious work just wait and then see your profit
Yes it is a secure option, but much better option is Paper Wallet for me, highly secure if you are careful enough to protect your Private Keys. Best possible option to just receive the coins in wallet and sit back till you see your target profit being reached. And also very easy to use, no tension of your mentioned problems that may occur with Desktop Wallet.
As long as you have confidence that you have a computer that's not going to become irreparable or damaged, and you have no intention of moving around anytime soon then obviously the best choice is a nice lightweight software wallet, make sure the coins are in there and thoroughly confirmed, shut it down and leave it alone except for possibly making a backup of the wallet data in a different location.
if a person wants progress in his life and he possess a workable computer which he beliefs that is not damageable so he should install the ASAP and open his wallet for bitcoins savage and there is nothing any laborious work just wait and then see your profit
If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.
Coinbase is only safe to use as a temporary wallet, if you intend to keep Bitcoin in a long period of time then Bitcoin Core, Electrum, Multibit or Mycelium is the right wallet. Although Coinbase is a trusted website but you do not have access to Private key that will make you lose all your Bitcoin if Coinbase website got hacked. All online wallet is not safe place to store your Bitcoin.Jump to: