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Topic: How do I invest (safely) in Bitcoin for the long term? - page 7. (Read 4195 times)

legendary
Activity: 2954
Merit: 1159
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.
hero member
Activity: 854
Merit: 522
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 you want do practice trading you must use demo account on bitfinex, it is good practice to testing your skill on trading
the bitfinex's market is good to buy using USDs due to you can trade altcoins too,
The best wallet to stores bitcoins is never put the funds on one kinds of wallets, you can use online and offline wallet bitcoins
Bitfinex is the best place to sell bitcoins using USDs.
sr. member
Activity: 686
Merit: 257
You can buy or sell BTC against USD at Coinbase and Local bitcoin. For storing BTC long term, you can buy hardware wallets such as Trezor, Ledger, Keepkey. IMO there is no need for a computer solely to store BTC. The hardware wallets are easy to use and convenient.  It is not recommended to store your BTC in exchanges because you do not have controls over your BTC.
sr. member
Activity: 602
Merit: 252
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

It's pretty simple when you're buying BTC, just look for the least price in and around that time. Also, look for an exchange where the price is least, make sure the site is reputed with high volume trades.

About storage, just use a stable hardware wallet such as Trezor or Electrum and make sure you use a strong password and other security measures like 2FA.
full member
Activity: 378
Merit: 100
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.
newbie
Activity: 35
Merit: 0
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
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