Topic: How I accumulate bitcoin as a newbie? (Read 581 times)

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.

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.

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…

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".


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.


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 ).
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.

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 🧑‍🦰

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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.

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.

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.

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

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.

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).

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.

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

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.

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.

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.

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.
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.

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.

As a novice, it is certainly better to use strategies like DCA and gradually build up your position via regular investments:

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.

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

I have an interest to invest in Bitcoin too OP, just that I lack capital to start up now, that is why I am using this opportunity to learn about Bitcoin before I get capital to buy my Bitcoin.

If you consider Bitcoin's high price, this is a good price to buy.

All you need is a non custodial wallet, money and exchange.

In short, you just need to send your money to the exchange/someone you trade, then you will get your Bitcoin in your exchange (if you trade using CEX) or wallet (if you trade P2P), if you use CEX you need to move your coins to your wallet.

You're talking about DCA and it doesn't need to left for the next few years because you can keep DCA-ing until you death.

Don't treat signature campaign is a job in this forum, it's just a bonus and not everyone join in this forum only for participate a signature campaign, @OP is still a newbie too and he have no way to participate signature campaign.

There is a local proverb in my dialect that says that "A man who ask questions can never get lost when looking for direction", and you just asked yours while striving to acquire knowledge about your crypto journey, which is quite impressive, rather than assuming and pay the ultimate price. So in regards to how to accumulate Bitcoin as a newbie, I will like to explain that it goes in 2 ways, first, you can either buy BTC bit by bit (i.e either weekly, monthly or quarterly) and left for 'x' period of years, while secondly, you can buy once with a huge sum and left to grow, or lastly, you can equally work on a signature campaign on the forum and get paid in Bitcoin as reward.

For starters it might be best if you will start with Electrum wallet and then gradually move to hardware wallet if you have accumulated so much bitcoin.

You may want to look here for exchanges: https://coinmarketcap.com/rankings/exchanges/. But I will say that once you buy it, better move it to a wallet that you have total control and not let the exchanges handle your bitcoin.


Of course we wouldn't want to buy cheap? But the thing is that we don't really know how the price will be in the future. One strategy is to do DCA and just keep on accumulating as much as you can before the block halving.

We all wish we have a crystal ball so we'll know when is the floor price, but even experts are caught by surprise on the right time to buy and the floor price, it's something within our grasp, and we can only speculate.
In my case, I just buy when the price is dipping, and if it dips further and I have available funds I still buy I don't worry about when the price still drops after I made my purchase knowing that I will eventually make a profit when the market shifts to a bull.

You begin by acquiring knowledge through your preferred channel, could be videos, podcasts, articles etc. Start from the basics and work your way up to the more technical aspects; remember not to rush it so as not to get information overload.

Personally Electrum, bitcoincore comes a close second

What do you mean by 'easy exchange'? Most people would opt for centralized exchanges for their perceived ease of use, but DEXes can also be understood easily after a few trials and pose less security or privacy risk.

DCA and buy at different times when you have the capital. This removes the pressure of trying to time your entry.

For the question you ask about exchange, I think CMC will be fine for you so that you can have enough exchange to select for yourself. Usually many users here have to open binance exchange, however it is a centralized exchange and I'm not putting binance forward for you, DYOR and see what you want for yourself.

Well, I hope this would help as these are the steps I did...

 - set a capital
 - make a plan based on the capital
 - time frame ( must be specific whether we are just holding for a few months or years, and target price)
 - use a trusted wallet where you save your Bitcoin

And most of all, we must have faith in Bitcoin and self-control because FUDs and social media can really influence our minds so we must have to keep strong and focus on our goal.

 

First of all, welcome to Bitcointalk forum @MTNNET.

This is the first and most crucial step; as long as you are willing to learn about Bitcoin, it is the first and most significant step to take in order to reach your goals.

Hardware wallets may appear to be a bit more costly to set up, so I recommend that you start with an electron wallet because it is simple to use, safe, and dependable.

Importantly, you need to learn about keys and addresses before you start your investment in order to know how to keep your Bitcoin safe.Learnmeabitcoin.com can help you with all the basic things you need to know about Bitcoin, including keys, addresses, and lots more.


P2P transactions with a trustworthy person are ideal, but finding one is usually hard. As a result, purchasing Bitcoin from any reputable exchange is a good idea, but don't store it in the exchange because you don't have complete control over it.

No time is too late for Bitcoin investment; you can start now if you are able to learn and understand the entire process and the risk behind it.

it's much easier than you think. collect bitcoins the same way you get FIAT money.
so with a job, performing services, selling objects you no longer use... obviously based on your experience and skill it becomes much easier to get money/bitcoins.

go to bitcoin.org and you find much of your questions answered. there are several trusted exchanges but nowadays they are requiring your personal documents...

last but not least, study this argument. get a book like mastering bitcoin.
try to understand the advantages of using it, learn more about what we are talking about, read the forum, read satoshi's posts or finney's posts... I'm sure you will find what you are looking for.

You have taken the right step by first asking for directions on how to go about starting your Bitcoin investment journey, but knowledge should be the key to starting your journey,  however one very first thing I will leave with you is first take note that the market is very volatile and should not invest money that do not belong to you or investing what you cannot afford to lose because you've seen others investing and talking about huge profits, rather it should be according to your capacity.

If you're coming from a country that crypto transaction are restricted like Nigeria, where you can't purchase with your cards, then use platforms that has P2P to purchase your Bitcoin.
Divide your capital into portion and start your purchase of Bitcoin with nice DCA

before you buy your Bitcoin, I suggest you know what Bitcoin is and how the Bitcoin market works as well as the risks that you will accept.
after you are sure you can go to the exchange and buy it there. and also have a wallet ready, many would suggest using a hardware wallet.

for a beginner, it would be more advisable to invest first while learning some basic trading techniques. you can buy it gradually when you have enough money. now Bitcoin is also experiencing a decline, if you want to buy you can take advantage of this moment. and if there is a deeper decline, you can add to your purchase.

I'm sure you are fully aware of market volatility I assume you are following the past and recent trends on Bitcoin the bad and good sides and you have read expert advice to only invest what you can afford to lose, my advice is to allocate money for investment, do not take a loan to invest or put in money allocated for your emergency use, you can lose money doing this and I suffer serious losses when I take a loan and invest because the loan has a maturity and interest and your investment with Bitcoin cannot keep up with that so you are left to cut your losses by selling it at a loss.


You can begin anytime when you are ready to invest mindset and education is very important, the best place to buy Bitcoin is on trusted exchanges only, you should have one or two on your list when you start investing, it's part of it.
Buying at the right time is what investors are always looking for but sometimes that right time escapes us because we are waiting too long for the price to dip further, and it's hard to predict the floor price, just have the thought that you bought it when the price is going down.

Will there everly be when the price of bitcoin will be stable?

In as much as members of this forum are good in helping one another, they will provide you with answers and solutions relating to the type of wallet to use and also where to buy bitcoin without being scammed. But they will not advise you on exactly when to buy bitcoin. It is advisable to buy low and sign high, so on your own you will have to figure out when is low to buy and which price is high for you to sell.

Don’t assume people have large hodlings of bitcoins just because of their rank and date of registration, you would be surprised how many members who are registered since 2014 that didn’t buy bitcoin then or lost their bitcoins to scams.


I recommend using a non-custodial wallet to store your bitcoins, use Electrum for android and blue wallet for apple devices. You can learn all you need to know about about bitcoin wallets here. Buying bitcoin is easy, depending on your privacy preference you can buy from centralized exchanges like Binance or decentralized exchanges like Bisq.

The right time to buy bitcoin imo is always now. Bitcoin price will never be stable, waiting to buy at the bottom is a good strategy if you are confident you know what the bottom is.

I hold a personal belief that involves a trading strategy employed by old traders. The approach entails initially holding fiat currency, followed by stable coins, then bitcoin, and finally altcoins, before repeating the cycle. The primary goal is to leverage bear markets to acquire bitcoin, and subsequently, other altcoins. However, it's crucial to note that fiat currency remains the dominant currency, and it's advisable to keep it in your bank account for safety purposes

Bitcoin isn't picked here in the forum, so don't just speculate that everyone in the forum has accumulated Bitcoin, firstly you need to know what your reason for accumulating Bitcoin is,
You might want to be a short term investor or a long term investor or you may be a Bitcoin enthusiast and supports the future belongs to Bitcoin.

If you have such thought then they way you accumulated Bitcoin is dependant on how you want to make it work, you need to have a service or means to make it, it is as simple as that, find out the Skill you good in and work with jt.

From my little knowledge here is good you took the bold decision of buying bitcoin but my own side of questions is that have you read alot about bitcoin?
Why do you wanna buy bitcoin because you have to understand the volatility level of it otherwise when the hit comes you may not bear the lost, so if you ask me deeply I will say you should have a rethink if what you wants to do currently is from your heart or is just a hype from your friends since hearing about bitcoin is common and pleasing.
If you understand it very well then you may come back to start your investment journey then it will be more better. Also please make sure to only risk the amount you may afford to lose because there's no assurance or guaranteed that you must Make back 100 folds to what you have invested so far.

To start with, you must have a wallet this could be Electrum wallet, then you may decide to use p2p the service that are from a trusted and reliable users here or you can go ahead buying from Binance exchange. I think is a very popular exchange for beginners and is user friendly as well, please make sure to pass the verification process before you proceed.

First m, my best advice to anyone is to stick to bitcoin alone since sticking with Bitcoin less the risk of losing tour money since Bitcoin price cant drop significantly, unlike altcoins that cuould go from x100 to x0.

When i started my bitcoin journey sime year ago, this forum really helped my motivation to become so passive in my Bitcoin accumulation within the first six months when i started the journey,  and up till now i am still passive wirh Bitcoin and zero place for shitcoins.

Bitcoin provides tou with the opportunity for long term goals unlike altcoins that are for short term speculation,  so tour chioce is cool and let see how you work on improving your knowledge.
First on the question about the best wallet, i ddon'tthink there is any best online wallet but the few you can use for instance electron and blue wallet are ok.

But if your wallet is to have total security, you then need a hardware wallet and of cold storage device.

You can use Binance or any of the popular exchanges to buy bitcoin, then transfer the bitcoin from the exchange wallet into your personal wallet, note Binance is not the best exchange to use right now, as the fees for Bitcoin is extremely high at Binance 0.001 or so which is a huge amount to pay in fees to send bitcoin.

Your question takes me straight to this topic --> Things to keep in mind before the accumulation of Bitcoin Because it will cover 90% of your queries, the only thing that it doesn't cover is "exchanges to buy Bitcoin". i will try to cover it for you, if you intend to buy it from the Centralized exchange then i recommend you to choose from the top 5 or any top exchange that is currently working in your country. If you don't know that either i recommend you to ask it from your local community on this platform. Or you could mention your country name here so that i could recommend you some.

And the Decentralized exchanges are also numerous like Bisq, Uniswap, Pancakeswap, etc. And for your last query, there are 2 scenarios from you.

1. if you wants to accumulated BTC then it's mean it is for long term. and for long term this is the good time, because market is making some moves here, due to ordinals problem and due to some halts by CEXs and due to many other factors that needs no definition. As, in the long run we all know BTC will break its ATH and set a new one above $100k.

2. If you wants to hold BTC for shorter period of time like for 6 months or maybe more, then i suggest you to wait some time, because you might get better opportunities to enter market in coming months. But that's just my observation, so you should DYOR too.

Keeping the time difference aside, you must have to do DCA, as it is necessary in Accumulation phase. because if you think now is the good time and buy BTC from all of your fiat and in future BTC goes down and now you have no money to buy more BTC, in that case you will stuck and can't benefit from the bearish trend. So in accumulation you just have to fill you bags until you can by doing DCA and ones you think its time to forget about them. Then you should again start accumulating them.

I believe, you already know the answer, because you wrote about it. Be active on the forum, ask questions, share your thoughts on the information you find useful and interesting and engage into discussions with those who are more experienced and from whom you can learn.





I have a lot of doubts that somebody here will provide you with specific "step by step" advice. First of all, the best option you have here on the forum is diversity of opinions, from which you can conclude and form your point of view. You have to understand that every recommendation, given to you, is only a recommendation. Following it or not is completely up to you and each decision you make is your responsibility. That is why you shouldn't wait for some guru who will teach you how to accumulate bitcoin. But you will have the opportunity to come up with a plan for how to do it yourself, based on the information and discussions that the forum provides.

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 mobile electrum.

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.

Hardware wallet must be your first go unless you have a problem with spending little money. Otherwise, you can use Bitcoin Core or Electrum. Electrum is a cool wallet for newbies. I'm using Hardware wallet for long time saving purpose while Electrum for daily transactions.

 Are you willing to use a CEX or DEX? For decentralized exchanges, try bisq.network (No need to trust anyone). While on the other hand, for centralized exchanges, try Binance or Kucoin.

What if it doesn't go down? Won't you regret it? It's better if you start DCA so you won't leave any opportunity to buy the dip.

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.