How I accumulate bitcoin as a newbie?

Inwestour

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Quote from: Sandra_hakeem on June 01, 2023, 03:55:57 PM

It's pretty simple...
Nobody has ever been restricted from buying and HODLing Bitcoin,.. AFAIK, it's free for everyone to HODL only if you're made acquainted with the processes ...etc
Except you were actually referring to ways you could make them coins without buying them, then that would actually need much dedication and information too.. there are very many ways/menial jobs you could do that'll help accumulate them coins - you could run AI programs, affiliate marketing, trading, promotion, script writing etc ... Just be sure to keep on your tracks cus consistency would produce results more than anything else I know of.

Sandra 🧑‍🦰

It can take a lot of time, in case of a beginner it will take a lot of time to learn, as it is not as easy as it seems at first glance. Perhaps this time can be spent on additional work, and the money earned can be invested in bitcoin, it seems much easier. Ultimately, everyone must determine for himself which way will be more comfortable for him. There is no single correct algorithm for achieving a successful result, everyone can be good in their own way, the most important thing is that it be comfortable and understandable.

bitbollo

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

it's like earning any other coin. you get paid if you work, perform services, sell objects and so on. You can simply exchange your fiat currency into this currency.

Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Where do I begins?  

The forum is a mine of information. Do the right research, ask the right questions, lots of information is always freely available. Try to understand what bitcoin is, how it works, what potential advantages it has etc etc…

Quote from: MTNNET on May 13, 2023, 01:57:50 PM

 What's the best wallet you're using?

There are many wallets as already suggested in previous posts. If you want to learn more about the topic and understand how to generate an ultra-secure wallet (but with complex procedures) take a look at "glacier protocol".

 

Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Where do I buy bitcoin with easy exchange without scams?

this depends on the country/continent where you live. If you carry out p2p transactions, use only reliable sellers and above all always and only go to well-known sites.

Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?

Nobody knows if the price goes up or down in a "short" time (more or less in the long run we all hope/think that they will be worth more Roll Eyes

).
The solution is to make constant purchases every month regardless of their price. Obviously a figure such that you do not create problems to spend.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

It's pretty simple...
Nobody has ever been restricted from buying and HODLing Bitcoin,.. AFAIK, it's free for everyone to HODL only if you're made acquainted with the processes ...etc
Except you were actually referring to ways you could make them coins without buying them, then that would actually need much dedication and information too.. there are very many ways/menial jobs you could do that'll help accumulate them coins - you could run AI programs, affiliate marketing, trading, promotion, script writing etc ... Just be sure to keep on your tracks cus consistency would produce results more than anything else I know of.

Sandra 🧑‍🦰

Obari

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Quote from: Coyster on May 31, 2023, 05:58:30 PM

Quote from: Obari on May 31, 2023, 03:56:15 PM

While selecting a wallet, you should try using the decentralized wallets and exchanges as it is always safer to use them over the centralized ones.

I'm pretty sure you meant non-custodial wallets and decentralized exchanges; that's the appropriate terms.

Yeah exactly what I meant and thanks for pointing that out to me and I've already made the necessary corrections.

Coyster

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Quote from: Peanutswar on May 31, 2023, 08:19:48 AM

if you don't have the capability for the hardware wallet you can use the hot wallets temporarily...

If you don't use a hardware wallet, it isn't a must that your next option should be a hot wallet, of course you can still use a software wallet in an airgapped device, this will be your own cold/offline storage and is very safe if you do everything perfectly.

Quote from: Obari on May 31, 2023, 03:56:15 PM

While selecting a wallet, you should try using the decentralized wallets and exchanges as it is always safer to use them over the centralized ones.

I'm pretty sure you meant non-custodial wallets and decentralized exchanges; that's the appropriate terms.

Obari

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

I'm sure you know that your question might bring alot of criticism and you should know that you must have to follow steps so stay profitable in the industry.
First thing first, which is that you should spend more time in studying and know the core things about what you're about investing in and just as it is said that knowledge is power, so you should try to acquire more of knowledge and once you do, I'm sure the profits might just start flowing in.

While selecting a wallet, you should try using the non custodian wallets and decentralized exchanges as it is always safer to use them over the centralized ones

You can easily buy bitcoin on exchanges like binance and transfer them to your decentralized wallet.
And no time is bad to buy and now is also a good time to buy if you're hodling for long since we're still in the bear market.

Peanutswar

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

If you can afford to invest in bitcoin seems like you can afford to have a security with your devices, if you don't have the capability for the hardware wallet you can use the hot wallets temporarily recently now there's a lot of possible now that the hackers can do attacks that can victim even the wallet of the investors, I highly suggest make a plan in your journey, if you want to learn trading you must start how does the market works like smart money concept, by this you can get an idea what and where is the good entry for your long or short position this could apply too in your spot investment for the long term, having knowledge with the fundamentals makes you aware for possible sell and buy.
Currently, i'm using a hardware wallet, Trezor especially, I'm using Binance and Mexc for exchange, lot of information now on the internet also exchange offers a learning platforms to learn crypto just you need invest time.

Rigon

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

Since you are new here, you must know about Bitcoin investment. Investing in Bitcoin is not a simple matter. Investing in Bitcoin is much more than risky business. There are certain principles in this risky business that you must follow.

Different people use different wallets to hold Bitcoins. The most secure hardware wallet is if you can afford to buy a hardware wallet to invest bitcoins. Besides, if you have money problem hardware wallet but problem then you can create Electum and deposit bitcoins there. Electrum Wallet is a very secure wallet for holding Bitcoins. Currently I'm using Electrum to store bitcoins.

You can use Binance Exchange or Kucoin Exchange to buy Bitcoins. Although the withdraw fee here is a bit higher, you can safely buy from here and bring it to your account. But you must be careful not to get the address wrong while doing transfer.

If you aim to invest for long term then I would suggest you to invest from instant market. There is no point in sitting in the uncertainty of dumping the market. If the market is instant, invest from here and wait for a long time if necessary. I hope you understand.

Asuspawer09

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

Make sure that you have enough knowledge about Bitcoin before starting to invest since Bitcoin was a risky investment don't put money all of your money and only use money that you can afford to lose. Dont buy Bitcoin if you don't really know what it is. Just Buy Bitcoin, you could start accumulating Bitcoin buy a small piece every time you have money or maybe every time you get your salary. I mean there's no easy way actually to start with investing but just to buy bitcoin. From there you could accumulate bitcoin for the bull run, or maybe you could also try trading other cryptocurrencies.

You could also try doing some work for Bitcoin there are some services that you could offer even here in the forum where your clients will pay you Bitcoin for your work, or just find a job and then use your salary to buy Bitcoin.

CryptopreneurBrainboss

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

I love comfortability ad that's why I think it's best to start when you'll be comfortable starting. Don't make your decision based on what others have said, only learn things from their own experience and make use of it so you don't make the same mistakes they made during their time but in as much as you do that, only invest when you're ready and make use of extra cash that will have no emotional impact on your life if you were to lose it.

You can start accumulating Bitcoin today and you'll be among the smilers tomorrow because of the price of Bitcoin. There are so many ways you can decided to be accumulating your Bitcoin but always be sure you aren't storing those Bitcoin the exchange as not your key no your coin. Anything on the exchange is as good as lost. Get yourself a wallet that you own your personal key. Make sure the wallet is open source and not closed source.

Issa56

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Where do I buy bitcoin with easy exchange without scams?

I do use binance exchange to purchase bitcoin and Binance is a reliable exchange which I can recommend you to use it, but make sure you withdraw your bitcoin from the exchange immediately after purchasing it, don't store your bitcoin in exchange, no matter how secure the exchange is, always withdraw your bitcoin to a non custodial wallet.

Quote from: MTNNET on May 13, 2023, 01:57:50 PM

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

I don't know your plans but if you are planning to invest in bitcoin for long term, then you don't have to stress yourself doing some kind of analysis, if you are waiting for bitcoin to go down more, then what if it those not go down, what are you going to do? Those that means you already left behind, some people saw bitcoin when the price was still low but they were waiting for bitcoin to dump more, but bitcoin didn't dump. The only people that should be monitoring bitcoin movement are trader's, but long term investors shouldn't stress themselves.

erixter

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Quote from: uchegod-21 on May 27, 2023, 02:30:57 PM

The title of your thread is somewhat misleading as it looks like a statement of how you accumulate bitcoin and not knowing you are asking of how to accumulate bitcoin.
In the early days of bitcoin it was easy for you to earn some faucets and accumulate bitcoin but now I don't know if such a thing do exist.
Another way to earn bitcoin here in the forum is through signature campaign earnings. But the most sure way to earn bitcoin is to invest in bitcoin and take profit when the market price rises.

Your question is very appropriate. In business and trading, not everything goes well or not everything happens at once or you cannot get a lot of profit from one chessboard, it requires basic things. The most important thing of which is to be fully aware of the work you’re going to do and, to follow its methods, and to build your career on it. It may be possible to get or collect a lot of Bitcoin, for that you should serve and continue your trading with dedication and do it with interest. You must attain your goals, but goes back to that it is possible and definitely possible, but attention seeking matter is sill thereto, you need constant struggle and more effort for it.

uchegod-21

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The title of your thread is somewhat misleading as it looks like a statement of how you accumulate bitcoin and not knowing you are asking of how to accumulate bitcoin.
In the early days of bitcoin it was easy for you to earn some faucets and accumulate bitcoin but now I don't know if such a thing do exist.
Another way to earn bitcoin here in the forum is through signature campaign earnings. But the most sure way to earn bitcoin is to invest in bitcoin and take profit when the market price rises.

Lida93

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

You could be wrong as not everyone you see doing well in the forum do own accumulative amount of bitcoin in their name. But that not withstanding, am sure there are a few that has but am not sure they would have the luxury to carefully elucidate a step by step ways you're seeking for. It's best you DYOR for the purpose of self-development.

Quote

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?

In terms of where to begin, just in case you haven't yet realized you have already started by being a member of the forum.
There are a good wallets out there it's just a dependant of what you want. Electrum wallet is one of such nice wallet I do use as a non-custodial wallet which gives you control and responsible for your money. Electrum wallet for beginners and advanced users (by BitCryptex) https://bitcointalksearch.org/topic/tutorial-how-to-use-electrum-for-beginners-3456040

You can buy bitcoin through AgoraDesk as an exchange with no KYC requirements, another which is a centralized exchange with KYC requirements is binance. So the choice is yours to choice from.

Quote

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

There's no better timing to buy, you can always buy bitcoin whenever you have the money to, even now is still a better time.
Hope I was able to give you a heads-up.

Inwestour

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Quote from: Lamkuthang on May 27, 2023, 05:42:00 AM

At first, I was the same as you, a beginner who wanted to accumulate Bitcoin, my first step was to choose a safe and reliable wallet. For this, I use a trading platform that is recommended and has a high level of security in my country. To buy Bitcoin, I can easily use the exchange platform.

Regarding timing, it is difficult to predict Bitcoin price movements accurately. The price of Bitcoin has a volatile nature, but over time, the general trend tends to be up. If you believe in the long term potential of Bitcoin then starting now could be a good decision. this will be a good first step in accumulating Bitcoins. Greetings To The Moon.

Perhaps now is not the best time to buy, since bitcoin has almost doubled since the beginning of this year, but if this is a long-term investment, then you can start buying, in the future you will make a profit, but this investment may not be optimal. In addition, summer is approaching now, it may be a period of calm in the market, although these are just assumptions, and no one knows how it will actually be.

In this situation, it would be good to analyze the market yourself and decide when to start buying and what strategy to choose for this. You need to be prepared for the fact that after you start buying now, the price may fall, but you need to think now how you will act in this situation, there must be a clear strategy.

touseefahmad1771

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

welcome to forum, hardware wallets are physical devices designed to securely store private keys offline . they offer a high level of security by keeping you,r keys isolated from internet connected devices. for now most popular hardware wallets are ledger and trezor. for software wallets have mostly compatible & easy to use and install on you,r mobile devices to store the crypto without any huge risk it,s prefer to use electrum , exodus and jaxx etc

Lamkuthang

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At first, I was the same as you, a beginner who wanted to accumulate Bitcoin, my first step was to choose a safe and reliable wallet. For this, I use a trading platform that is recommended and has a high level of security in my country. To buy Bitcoin, I can easily use the exchange platform.

Regarding timing, it is difficult to predict Bitcoin price movements accurately. The price of Bitcoin has a volatile nature, but over time, the general trend tends to be up. If you believe in the long term potential of Bitcoin then starting now could be a good decision. this will be a good first step in accumulating Bitcoins. Greetings To The Moon.

Eureka_07

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

Bitcoin's value is always not stable. No one can tell exactly if it'll go down or up. We can only predict, i is great that there are technical ways to analyze the bitcoin market. If you are planning to trade, that'll help you much. You can also hodl if you believe that BTC's price will rise more in the future. You can accumulate it by buying, doing business, offering services, and other ways where you can get paid with bitcoin... or any other method (then convert them to btc).

collinscoinz

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Theirs is nothing much to add than what Little Mouse has said. The only thing is the biggest challenge for newbie trying to use a self custodian wallet is the ability to save the seed phrase but I believe there absolutely nothing that doesn’t comes with risk but that of non custodian wallet are bigger. Have multiple back up of your seed phrase and do not save your keys and phrases on google doc or emails as they could easily get exposed should any one this storage place get compromised.
Another self custodian wallets that is great on mobile devices is the blue wallet. It is has many features than
There is no guarantee of when the market will fall or rise, they’re just speculations. So the best thing is just to buy when you have funds available. You can use the dollar cost averaging method by buying bit by bit either daily, weekly or monthly, depending on your funds.

Saira10

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Quote from: MTNNET on May 13, 2023, 01:57:50 PM

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? We are all here to learn.

In my recent experience if you are interested in Bitcoin investment and learning from the community To get started begin with comprehensive education about Bitcoin and investment strategies. Choose a reputable wallet like Ledger Trezor or software wallets such as Electrum or Exodus. For buying Bitcoin consider trusted exchanges like Coinbase, Binance etc to ensure a secure and reliable experience. Regarding timing its wise to focus on long-term goals rather than short-term price fluctuations. And last Invest sensibly keep yourself informed and take pleasure in your educational adventure here in this welcoming community

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