I Never belittle my SATs because a drop of water makes an ocean

Coyster

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Quote from: BD Crypto on March 31, 2023, 04:57:22 PM

Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.

+1, i second that.
The thing is, the first thing that comes to the minds of quite a lot of people when they about to buy Bitcoin is how they are going to get rich quick through it, but if scammers hack into your wallet and steal your funds, then you do not even have any Bitcoins to get rich quick with to begin with, even though Bitcoin isn't a get rich quick scheme per se. If a social esperiment is carried out on the number of people hodling Bitcoins in custodial wallets, i'm pretty sure the number that does so would be pretty alarming, it is bad security practice that should be completely eschewed.

Ultegra134

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I haven't understood if you're actually holding one Bitcoin as other posters mentioned, or if you're generally speaking about owning bitcoin; congratulations either way. As someone whose first interaction with cryptocurrencies and especially Bitcoin was faucets, in 2014, I fully comprehend your point. Satoshis are still fractions of Bitcoin, and a few years ago, these faucets were giving out a huge amount of them for free. Some of us, including myself, had these fractions of BTC until a few years ago, which were worth a decent amount of money. I'm still occasionally collecting Satoshi through Freebitcoin, just for the experience.

CryptopreneurBrainboss

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Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

When you say you're now a proud owner of Bitcoin do you mean 1 BTC or still in Satoshi but much bigger values. When investing in Bitcoin, I try to teach whoever I'm introducing into the industry to not get too involved with the market much. I don't believe in having to trade your Bitcoin for profits constantly instead I prefer going with the investment aspect. Just my opinion though but instead of me to be constantly in the market accumulating Satoshi as you say, I'll prefer I just save up the money and wait for an opportunity to enter the market to buy the quantity that I can afford at the moment.

I then repeat this whenever I have enough specific amount saved up. As for the securing of my investment. There's a saying that if you can manage the small money that you're receiving now, there's every chance you won't be able to manage large sum of money and I believe say goes for protecting your investment. If you can secure the small portion of Bitcoin that you own now, then you might likely lose them all when you get higher amount. Securing of your Bitcoin is very easy to achieve, just make sure nobody can access your private keys expect you and you're good.

Lida93

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Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

Patience is quite a necessity in the crypto industry, every Satoshi gotten if patiently accumulated with time you definitely gonna make a good sum that you could have imagined while starting. For if you can't start big like others who have the opportunity to start big then don't despite your little beginning.

If you that start taking your security seriously while starting small then when you get it big am not sure you can be able to take it more serious then ever, so everyone should as matter of urgency take the security of their asset seriously no matter the quantity.

drwhobox

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OP is right about the little drop makes an ocean, but while accumulating satoshis one should also make a way to invest some more satoshis whenever they get a chance.

Quote from: BD Crypto on March 31, 2023, 04:57:22 PM

Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.

The newbies also happen to learn about security and other staff over time, so they can keep their accounts updated and find many ways to secure their wallet from hackers or scammers.

BD Crypto

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Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.

Cookdata

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Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

You did well for yourself by dedicating a Bitcoin to yourself, but I have some advice for you. You should also never throw away your wallet after use, as this is a common mistake made by people who are new to bitcoin. You never know when someone may want to surprise you and send you some sats as a gift, but they may not be aware that you don't use such a wallet again, and we all know that without a private key, your wallet address with your bitcoin is as useless as if it never existed in the first place, as much as we value our bitcoin, security is a top priority for us. To ensure its safety, never share your private keys with anybody.

sokani

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You are very correct OP. It is little drops of water that makes an ocean and every SAT is valuable and shouldn't be considered insignificant. Let's rewind to some years ago when I was getting free Bitcoin faucet from freebtco, I never for once thought those bitcoins could amount to something big or significant today as I blew off most of them in funding my online gambling account. If I had kept it safe till this very moment, it would have appreciated to a very good amount of money today. So, every satoshi should be treasured and kept because bitcoin is going to worth more in the future.

Darker45

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I agree, but I think your first wallet as a newbie shouldn't remain to be your wallet when you have already accumulated so much. Normally, a newbie's first Satoshis are bought for the sake of experience, or earned from faucets, for example. Security measures may not be strictly followed also. It's because a newbie is just starting to learn. But as soon as you learn the dos and don'ts, the safety and security tips, the best practices, you would also improve in the way you handle your funds.

Getmon

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You cannot make fun of a satoshi these days because anything can happen to the price of bitcoin, especially in the future. With the current value of bitcoin, only a small portion of the world owns it. Bitcoin will be worth a million dollars even if adoption occurs in just half of the world. Additionally, I consider $270, or 0.01 BTC, or 1 million satoshi, to be a significant sum. I am gradually adding satoshis on for the same reason that many of us are making investments for the future.

bounceback

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This means that now you have successfully collected fractional bitcoins and converted into bitcoin units safely without experiencing hacking of your wallet for a long time, basically when we want to collect bitcoins the most basic thing to do is know how to secure your wallet safely to avoid hacking, for example by store every bitcoin that we want to collect in a hardware wallet because with this wallet we can minimize the risk of hacking so that our assets are always safe regardless of the amount we have.

cryptoaddictchie

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To be honest Ive think that satoshi is just a metric of bitcoin but still its bitcoin which described in a very small part. So evem though its really small, its still called bitcoin. But Im thinking that with what you expressed can be explained that you have smaller unit and now a bigger bulk of bitcoin. Even though its a 0.01, 0.2, 0.3, or 1 bitcoin and so on still its bitcoin. But Im thinking that you already acquired 1 whole part of it by the confidence response of your context.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

It's been a normal, straight movement in the HODLing process, right from time... Don't nobody wanna hold up the idea for real,.. everyone wants to try a little bit, even though they've got much.
I wasn't opportuned to have the capacity to HODL 'em coins that much, for a start....I only started from scratch, then after sometime, I kept building....up till now.
It takes Patience and consistency to be able to follow the market and preserve it's value ( even though sometimes, it's valued exponentially)

Sandra 🧑‍🦰

Mpamaegbu

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Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder.

OP, you talked about patiently accumulating sats instead of waiting to buy a whole Bitcoin. It's a given that most users here may not even have owned a whole Bitcoin. Besides, the positive thing is to hodl and keep hodling as that shows support for Bitcoin. It shouldn't matter if it's not up to 1 BTC.

Quote from: Plaguedeath on March 16, 2023, 04:44:46 AM

Yeah, the appropriate situation based on your story is when Bitcoin price is still cheap and faucet site can give you 1000-5000 Satoshis for every minute, if you claim it for everyday you can make a good living if you hold it until now.

I believe you're referring to the pre-2017 era. I read it was a glorious era for faucet claimers. I tried my hand on faucets too around 2017/2018 but my experience was far from encouraging. I don't know how many people still indulge it now as it seems to be a waste of time.

Odusko

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Accumulating your Bitcoin in bits is what makes the exciting for long-term holders, this way you can easily set aside some amount from your salary or other sources to buy a little Bitcoin.
This way you learn and earn with no stress, I have practised this type of buying style.
Just know the ultimate goal is to accumulate more when price is low.

CryptocurencyKing

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Quote from: dansus021 on March 19, 2023, 12:18:43 AM

You own a whole bitcoin Shocked

that is crazy Im an old member but now I only have couple of satoshi, Congratulation btw.

What are gonna do with your bitcoin ? are you gonna sell it or HODL it . Just advice but #DWYOR first accumulate again and wait next halving and taste the sweetness of ALL TIME HIGH. hehehe

Being here doesn't guarantee anyone some satoshi or bitcoin itself. The forum might be the one that has some earns means to some bitcoin but not individuals. The most we get is by chance as per signature contracts or through other services offered between users.
As a matter of fact, we might have a well funded newbie as an investor md just needs to be grounded in crypto knowledge as the base of registering on the forum.

Taking profit with just ay pump isn't always a better or best option and am saying that based on how I like to operate. I prefer to hodl so long as I've got no immediate or pressing need for which, other options can't serve.

Saisher

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Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

You have to be fully dedicated and motivated to accumulate satoshis and you have to set your goal and have a strong urge to not sell it until its time for you to reap the rewards of your labor and patience, I used to be active on airdrops when I cannot participate on signature campaigns, those satoshis may be small in value but if you look at the big picture and strongly hold on to the believe that Bitcoin will be 50 times when you are started accumulating satoshis.
This is the best time to be patient and trust your goal on the price of Bitcoin.

Crypt0Gore

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This story is not very clear to me, how are you gathering sats when there is no more faucets that pay in Bitcoin anymore? The transaction fee of sending Bitcoin is enough to make anyone quit this crazy idea of yours, please share with us how you are doing this because now I'm interested.

You can't buy less than ten dollars worth of Bitcoin on exchange and be able to withdraw it, so I am curious how you making this possible, it costs almost 0.80$ to make a transaction with Bitcoin wallet.

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Quote from: dansus021 on March 19, 2023, 12:18:43 AM

You own a whole bitcoin Shocked

that is crazy Im an old member but now I only have couple of satoshi, Congratulation btw.

No, he doesn't. What he says is this

Quote from: Mrbluntzy on March 16, 2023, 04:27:00 AM

Don't wait until you own a lot of Bitcoin before you can take security seriously.

So he, accumulating sats, gives this advice, but does not say that he has it. And if he did, he would have a problem. With a whole bitcoin with thousands of sats inputs he would have to pay a lot in fees to be able to use it or consolidate the inputs. That's the problem, to stack sats is not like collecting coins, it has a cost. In some cases, to stack a few sats, like 700 you're going to pay more in transaction fees in the current market than what you are going to be able to stack.

dansus021

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You own a whole bitcoin Shocked

that is crazy Im an old member but now I only have couple of satoshi, Congratulation btw.

What are gonna do with your bitcoin ? are you gonna sell it or HODL it . Just advice but #DWYOR first accumulate again and wait next halving and taste the sweetness of ALL TIME HIGH. hehehe

Topic: I Never belittle my SATs because a drop of water makes an ocean (Read 317 times)