Before investing in Bitcoin, learn the basics about Bitcoin. Understand how it works and the risks, and only invest what you can afford to risk.
A regular investment plan can be made to regularly purchase a certain amount of bitcoins every month or quarter. Long-term holding can obtain certain income from it.
Topic: How I accumulate bitcoin as a newbie? - page 2. (Read 560 times)
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 others suggested the best wallet already. Now I think tou shouldnt wait or assume its already high or low. No one can accurately predict that but I suggest that if you have fund on a regular basis do a timely buying of bitcoin like averaging so that you could buy at cheaper or if does goes down youll get cheaper. But for now bitcoin is totall fine and still far from ATH. My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.
But if you are looking for simply investing your hard earned money then yes, go for a hardware wallet and try to predict the market, although it will be a bit like a lottery. Another option is to buy little bitcoin and reserve some cash in the event the price goes down and this way you'll be averaging down the purchase price.
Correct. I agree too. additional advice from me to OP is to always prepare fresh funds in case of a decline at any time. yes. it's better not to rush in and apply directly to the application of the price set pattern below, slightly lower than your trading APP screen display (if using an Android phone). once touched set sell back at the highest price on your APP Trading screen display. That's how to accumulate the value of your assets to increase. for now it is worth a try.
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.
This is crypto..., no one can predict the bottom of any cryptocurrency. You may wake up tomorrow to see Bitcoin at $60,000. As otherwise, you may see it at $15,000. That how volatile cryptocurrency can be. This is even more common with shitcoin. With shitcoin you can become a billionaire within few minutes and otherwise can as well happen. So for me, one can start buying with spare money gradually using DYA till to accumulate with time.
Where do I begins?
Since you are a new member, investing in Bitcoin can be a good start for you. Because Bitcoin investment can be reliable for you. So with a limited amount of money you can start investing in Bitcoin.What's the best wallet you're using?
You can use hardware wallets. Using a hardware wallet will keep your money safe. But I think if you don't have the convenience of using hardware wallet you can use Electrum wallet. Because I find this wallet more secure than other wallets.
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should look for some other income in bitcoin by trading or investing from signature campaign payments. Or take part in several contests that give bitcoin prizes.
You should not make the mistake - especially as a newcomer - and see trading as a source of income. I know it sounds so simple: "Sell when the price is high and then buy again when it drops". In reality, however, even professional traders only achieve just over 50% profitable trades. should look for some other income in bitcoin by trading or investing from signature campaign payments. Or take part in several contests that give bitcoin prizes.
As a novice, it is certainly better to use strategies like DCA and gradually build up your position via regular investments:
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Dollar-cost averaging involves investing the same amount of money in a target security at regular intervals over a certain period of time, regardless of price. By using dollar-cost averaging, investors may lower their average cost per share and reduce the impact of volatility on the their portfolios.
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Unfortunately, the days of Bitcoin airdrops or faucets, which were really worth it back in the day, are long gone. Faucets, which were quite widespread back then, either no longer exist or pay out a fraction of a cent in Bitcoin. It takes a lot of time and effort to collect enough to get paid out even just 1$ in Bitcoin.
However, Raffles do exist from time to time and sometimes pay out larger amounts in Bitcoin. At the moment I don't know of any Raffle where you can still participate.
The best way for me to get Bitcoin is still to accept smaller jobs and orders that pay in Bitcoin. Besides advertising via signature and avatar campaigns, these can also be jobs in the marketing sector or in software development.
If you have skills in marketing and software development it will be a positive value and can provide additional income. But for those who can only join signature campaigns, of course they should look for some other income in bitcoin by trading or investing from signature campaign payments. Or take part in several contests that give bitcoin prizes. However, Raffles do exist from time to time and sometimes pay out larger amounts in Bitcoin. At the moment I don't know of any Raffle where you can still participate.
The best way for me to get Bitcoin is still to accept smaller jobs and orders that pay in Bitcoin. Besides advertising via signature and avatar campaigns, these can also be jobs in the marketing sector or in software development.
Bitcoin price flactuat the very and most time because of his volatile nature, Bitcoin mostly provide opportunity at different moment to jump into it for investment, so you should not be afraid when ever a spike rise in his value.
The best strategy to accumulate Bitcoin is to get entry at every single dip but it you are capable and have big amount to invest, but if not you can accumulate Bitcoin by transferring all of your airdrop earning amount into it , but if all of them are not valid and unadoptable for you then you can collect them by small small amount of all of your hand earning money and saving.
The best strategy to accumulate Bitcoin is to get entry at every single dip but it you are capable and have big amount to invest, but if not you can accumulate Bitcoin by transferring all of your airdrop earning amount into it , but if all of them are not valid and unadoptable for you then you can collect them by small small amount of all of your hand earning money and saving.
You can start investing in Bitcoin whenever you want, fluctuations always occur every minute which means the price of bitcoin is never stable. If you wait until the Bitcoin price drops to the point you want to start investing, then what if the price goes up or never goes down like you expected. Do personal research on price movements, once you understand how the bitcoin system works, you can invest slowly or start with small capital if you are still afraid of losing investment value. Always use cold money that is not used for other purposes so as not to cause panic when the price drops.
hero member
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No matter if you are a newbie or a veteran member. You can accumulate Bitcoin as others do. Or you can choose a different way than others. You can sell goods or services and receive Bitcoin as a payment method. Moreover, you can earn Bitcoin in several other ways.
If you have any kind of skills like web development, web design, photography skills, or other skills that people may want, you can offer those services for Bitcoin. My rank is not too high yet I am earning around $40 per week in Bitcoin from the signature campaign.
If you have a plan to invest in Bitcoin, you can buy Bitcoin if you want. About the wallet, You can use a hardware wallet like Ledger Nano. Also, you can use software wallets like Electrum to start accumulating your Bitcoin.
If you have any kind of skills like web development, web design, photography skills, or other skills that people may want, you can offer those services for Bitcoin. My rank is not too high yet I am earning around $40 per week in Bitcoin from the signature campaign.
If you have a plan to invest in Bitcoin, you can buy Bitcoin if you want. About the wallet, You can use a hardware wallet like Ledger Nano. Also, you can use software wallets like Electrum to start accumulating your Bitcoin.
Even newbies can accumulate Bitcoin. All you have to do is buy in an exchange either centralized or decentralized exchange, it's up to you. For wallet, all you have to do is buy hardware wallet like trezor but if you don't want to spend money to have a wallet then there are lots of wallet that you can trust. What I can recommend to use that is for free is Electrum wallet. Be sure to make a back up of the seed phrase which is used to import your wallet in Electrum if you use new device like desktop or mobile phones. There are more ways to accumulate Bitcoin and I only mentioned buying but you can use your skills to earn BTC.
No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users.
Yes theres an airdrop of bitcoin here? But I did mentioned some raffles. Most airdrops are earned in altcoins well if they earned those tokens they could trade that into stables and convert to bitcoin. Im sure some are doing this like me. Can you share some airdrops of bitcoin you said? Aside from the 2009 or 2010 free bitcoin like before when downloading their software. Surely OP talks about the time now. Joining on that doesn't mean you can earn bitcoin directly, the main point on that word is he can possibly earn what those devs give to him and convert it to bitcoin. This is common thing people do since we know airdrop earners exchange those token to bitcoin so that they can withdraw. So for OP and other newbies case they can use what they earn to invest on other bitcoin investment schemes or they can trade it back again to multiply their earnings.
Yes theres an airdrop of bitcoin here? But I did mentioned some raffles.
Unfortunately, the days of Bitcoin airdrops or faucets, which were really worth it back in the day, are long gone. Faucets, which were quite widespread back then, either no longer exist or pay out a fraction of a cent in Bitcoin. It takes a lot of time and effort to collect enough to get paid out even just 1$ in Bitcoin. However, Raffles do exist from time to time and sometimes pay out larger amounts in Bitcoin. At the moment I don't know of any Raffle where you can still participate.
The best way for me to get Bitcoin is still to accept smaller jobs and orders that pay in Bitcoin. Besides advertising via signature and avatar campaigns, these can also be jobs in the marketing sector or in software development.
My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.
Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead.Ranking up maybe hard for some users and they might find it a waste of time if they can't earn anything. This is why newbies left and think about that participating on any activities here is just a waste of time for them. Maybe at start they should not focus on how they can earn but rather how they can learn since once they know more knowledge about bitcoin and other altcoins maybe they can share relevant informations which can help them earn merit then rank up, maybe from this they can possibly earn on sig campaign.
No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users.
Yes theres an airdrop of bitcoin here? But I did mentioned some raffles. Most airdrops are earned in altcoins well if they earned those tokens they could trade that into stables and convert to bitcoin. Im sure some are doing this like me. Can you share some airdrops of bitcoin you said? Aside from the 2009 or 2010 free bitcoin like before when downloading their software. Surely OP talks about the time now.
Also as a novice in encryption, if you want to accumulate Bitcoin, you must first learn the basics of Bitcoin. Before you start buying bitcoins, learn the basics of bitcoins.
And it is also very important to choose a reliable exchange and wallet to protect the account and fund security.
And it is also very important to choose a reliable exchange and wallet to protect the account and fund security.
You don't have to worry that you are a newbie to accumulate Bitcoin. What is accumulate? "to collect a number or quantity of something over a period of time"
So just go by that term, go slow, keep buying a little bit here and there over a period of time and you should be good to go. A forum rank doesn't matter at all.
Some Full Members here have made more money in the past 2 years than those who are here since 2013.
So just go by that term, go slow, keep buying a little bit here and there over a period of time and you should be good to go. A forum rank doesn't matter at all.
Some Full Members here have made more money in the past 2 years than those who are here since 2013.
hero member
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If you read this article, you will really gain a lot of knowledge about Bitcoin, wallets, wallet security, and more (if you find time to read through). But for the most part, if you are looking at buying Bitcoin, I think you should not buy it from a centralized exchange. Don't make the mistake that we or others have made by buying Bitcoin on CEX, where you will need to pass KYC in order to buy or sell your Bitcoin. You can always buy Bitcoin through the P2P system, or you can buy from any of the decentralized exchanges I listed below:
AgoraDesk
Bisq
BitHalo
CoinCola
Hodl Hodl
LocalCoinSwap
If you are looking for the best wallets to use, the Electrum and Exedus wallets are good choices. for mobile, you can [Tutorial] BlueWallet - Bitcoin Wallet Discussion and you can also visit the Wallet software and Hardware wallets board to learn more about Bitcoin wallet and security.
Although Bitcoin's price is low now, we hope that after Bitcoin's halving next, there will be chances of seeing a bull run, and if you buy Bitcoin now, you will be making profits during the bull market. Depending on how much you want to invest, you can use the dollar cost averaging (DCA) strategy to buy Bitcoin because there's still some speculation that Bitcoin will dip to $24k and below.
AgoraDesk
Bisq
BitHalo
CoinCola
Hodl Hodl
LocalCoinSwap
If you are looking for the best wallets to use, the Electrum and Exedus wallets are good choices. for mobile, you can [Tutorial] BlueWallet - Bitcoin Wallet Discussion and you can also visit the Wallet software and Hardware wallets board to learn more about Bitcoin wallet and security.
Although Bitcoin's price is low now, we hope that after Bitcoin's halving next, there will be chances of seeing a bull run, and if you buy Bitcoin now, you will be making profits during the bull market. Depending on how much you want to invest, you can use the dollar cost averaging (DCA) strategy to buy Bitcoin because there's still some speculation that Bitcoin will dip to $24k and below.
My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.
Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead.No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users. Also there are jobs on this forum which pays btc so maybe he can hunt for a job for start if he want to accumulate bitcoins and use this for other investment which can generate us another profits.
My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.
Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead. 
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 others suggested the best wallet already. Now I think tou shouldnt wait or assume its already high or low. No one can accurately predict that but I suggest that if you have fund on a regular basis do a timely buying of bitcoin like averaging so that you could buy at cheaper or if does goes down youll get cheaper. But for now bitcoin is totall fine and still far from ATH. My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.
But if you are looking for simply investing your hard earned money then yes, go for a hardware wallet and try to predict the market, although it will be a bit like a lottery. Another option is to buy little bitcoin and reserve some cash in the event the price goes down and this way you'll be averaging down the purchase price.
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