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Topic: I own 1 full Bitcoin!! - page 3. (Read 19631 times)

full member
Activity: 1004
Merit: 111
January 31, 2019, 12:22:40 PM
#42
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.


Congratulation on your 1 bitcoin achievement!
But feeling sorry that you are now in losing side as the market is not good.
You started buying bitcoin at the price of 14000 USD or more if i am correct.
legendary
Activity: 3052
Merit: 1273
January 31, 2019, 12:07:34 PM
#41
Salute your planning that when people like us were struggling hard on deciding what to do, you just kept it low on your mind and dedicated yourself towards positively gaining more and more BTC for less. Just curious (if you don't have any objections to disclose) what values did you gain your coins exactly for? I mean, can you tabulate it in 2 columns showing Month name on one side and price you bought BTC0.1 for in that month on the other. Congratulations on your wise decision, just hodl and don't gamble away your coins even if you see opportunities as it took a lot of time to gain this level.
full member
Activity: 484
Merit: 124
January 31, 2019, 10:09:02 AM
#40
Sometimes picture will determine that you tell the truth  Grin
By the way if it's true then congrats because you deserve it !

Why do I said that ?
Many people said that crypto is volatile investment but you still believe on it and it lead you into this situation, PROFIT !
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
January 31, 2019, 10:06:01 AM
#39
A good step is to spend your money every month for 10 month to get 1BTC, this is a way of futures investing and I really appreciate the effort for that. Because with this bear market you can still consistently buy without worrying about anything, the optimism and high enthusiasm that I get from you. Hopefully your hard work so far will get sweet results in the future.
full member
Activity: 2128
Merit: 180
January 31, 2019, 09:43:24 AM
#38
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.

That’s a great story of success and its good to hear that you achieve your goal. You must be rich for buying .1BTC monthly and a great risk taker of course but the good thing is, that hard work paid off and you can now earn more profit for the next 2years. I also want to be like you, thank your for inspiring us.
newbie
Activity: 14
Merit: 26
January 31, 2019, 09:00:36 AM
#37
Hi All

I have enjoyed reading your comments and appreciate your good wishes.

Whatever your approach to crypto and investments, I hope you all achieve your goals and achieve the financial freedom we all desire.

After getting so much from this forum and its members I felt I should give something back. So if you would indulge me, I’m going to put down some of my thoughts in regards to my outlook and strategies in this crypto/financial world. For you more experienced members, you probably know all of this already and it has probably been posted many times. But, this is aimed at any noobs who may stumble across this thread.

Just to be clear this is not financial or investment advice, just my thoughts and opinions.

So where should you begin? To me this is obvious now, but it wasn’t when I FOMO’d into crypto in Dec 17.

Education

If you are just getting into crypto now, please do your research first. Spend at least a month reading and learning before you put any money into the eco system. Yes, it’s not sexy, but I must of lost .2 BTC just by messing around not knowing what I was doing.

You need to understand what bitcoin and fiat (money) actually are. Bitcoin is so much more than just a get rich quick scheme and fiat has its own issues. I’m not going to spell it out here, but you will have a lightbulb moment.

Yes, In doing this research you may miss a pump, but in the long term you will gain so much more than what you missed out on. And it could go the other way, you could get in at a lower price.

Where can I get this crypto education you ask? (there are so many places, but this is where I got some of mine)

1.   Right here – read, read, read then ask.

2.   Books: The Bitcoin Standard, The Internet of Money, Bitcoin for Dummies, Cryptoassets.

3.   Podcast channels: Crypto 101, Let’s talk Bitcoin, The Bad Crypto Podcast, The Crypto street Podcast, Off the Chain, Rekt Podcast. (Made
        my work commute a learning experience)

4.   YouTube: I never really have time to sit down and watch YouTube, day job and all that. But I did watch CrytoDad on how to set up
        an Ledger Nano. I'm sure there are some great channels out there.

5.   Twitter: @Apomliano, @aantonop, @cz_binance, @TheCryptoDog, @Tradermayne, @crypTobanger, @Satoshilite and of course
        @officialmcafee (love him).

6.   Places like Coinmarketcap.com

7.   Google

The list is endless, but that would be a good start.

2nd

Security

Learn what OPSEC and PERSEC is and apply it!!!!!!

Don’t keep anything on exchanges. They will all, in my opinion, eventually get hacked. If you don’t hold your keys, you don’t hold your crypto. (Google this statement)

If you can, buy a hardware wallet before buying your first crypto. If you don’t, you may never get around to buying a wallet and one day you may wake up and your exchange is gone, with your crypto. Wouldn’t that be sad after doing all this work. At the time of writing, a Ledger Nano S is around £54/$65. I know to some, this is a lot of money. And I know you would rather buy your first Bitcoin with that money. But trust me on this, get one!

There are other wallets out there – again educate yourself. (And always buy direct from the manufacturer, forget eBay and amazon).

Seed words, Seed words, Seed words – find out what they are and how to keep them safe! Did I mention Seed words.

Use 2 factor authentication wherever you can.

I even use a different email account with 2FA for my crypto activity.

Ok, so know that you have a basic understanding of Crypto (and believe in the tech) and know how to be safe, it’s time to pull the trigger.

Strategy (only my thoughts, more experienced people here will have their own ideas, so don’t take this as gospel)

This is where it gets difficult!

You want to be a trader? DON’T – if trading is going to be your main strategy – you WILL lose! Maybe in a few months you can give it a go for fun. But in my opinion, never trade with more than 10% of your stack and only 3% to 5% of that on each trade. And definitely don’t trade on Arthur’s exchange for at least another 6 months. (I’m not even going to name the exchange here, as I don’t even want you to go looking for it). And only trade the higher timeframes 4hours and above and understand all the different order types (if you don’t know what this means you are definitely not ready)

So what was my strategy to achieve my goal.

Accumulation and averaging.

Start with a target. Let’s say you would like a quarter of a bitcoin – i.e 0.25 BTC.

Divide that over say 6 to 12 months. (for this example I’m going to use 6 months)

That means you need to buy around 0.045 BTC a month. ($150 a month at current prices)

Some months your 0.045 BTC will cost you a little less and the next month possibly a little more. But after 6 months you will have achieved your goal of 0.25 BTC with the lowest possible risk. Yes, there still is risk. It can go both ways. It’s about managing that risk.

Now put it on a ledger and forget about it.

You can adjust the figures above to meet your own goals, but the principle stays the same.

Only use extra cash that you can afford to lose. This is very important, this could all go to $0, but who knows how high it could go. You don’t want to have to sell your crypto after all this hard work and dedication, because you have to pay back a loan etc. and miss out on your end goal. In 10 years’ time you don’t want to be kicking yourself saying, I wish I still had that 0.25 BTC.

Only after you have achieved your goal, would I say it is time to start looking at alts and trading. But this should always be with new cash.

Lock that first Bitcoin away and come back to it in 5 to 10 years.

Charlie Lee (Litecoin creator) wrote:

“There will be at most 21 million bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first,”.

“Once you have 1 BTC, buy all the shitcoins you want!”


And I agree with him.

Now an added caveat, I don’t think you should be putting all your disposable income into crypto. I have also been buying stocks, gold and paying into a pension.

Don’t put all your eggs into one basket.

The barriers of entry to these other types of investments has come down over the last few years and there are cheap apps that can help you (do your own research).

I have followed the same strategy for these types of investments.

Now please don’t think that I assume everyone can afford all of this, but it can all be scaled down. Take your disposable income and invest a certain % in stocks, certain% in bank deposits, certain % in crypto etc. etc.

It’s all about planning and risk management. In a few years, I hope you will have your reward.

Where to buy

This has changed so much over the last year, but again do your own research. But wherever you buy, get it off the exchange and onto you hardware wallet.

A few final thoughts

•   Ignore the noise, you have chosen to by Bitcoin. So just do it. If the price goes up - great, you are making money. If the price goes
        down – great, next month’s purchase with be cheaper. Keep accumulating till you have achieved your goal. And then in 5 years who
        knows what it’s worth.

•   When you transfer your first bitcoin to your hard wallet, check, check and check again. If you make a mistake its gone. Only send Bitcoin
        to a Bitcoin wallet.

•   Know the difference between BTC and BCH – it’s not the same thing! Other individuals will try tell you different.

•   Don’t watch the charts all day, you will lose your mind. You have a life, live it.

•   Write down everything you do and learn from your mistakes.

•   Be kind to others and share your knowledge.

•   It’s not all doom and gloom – it’s an opportunity!

Thanks for taking the time to read this. It’s not a sure fire way of getting rich, its just how I am trying to navigate my way through financial life. It could work or it could all come crumbling down around me. I’m just trying to give myself the best chance. It’s your choice and its on you.

I’m sure I have missed so much, but my brain is fried and I'm not a writer. I hope the more experienced members on this forum will add value to this and I hope they do, either positive or negative, I don’t care. As long as it gets the noobs thinking.

I may link this in the beginners section.

Good luck to you all and God Bless.














hero member
Activity: 1610
Merit: 507
January 31, 2019, 06:55:39 AM
#36
Well, congratulations on your first time 1 full bitcoin. I hope that you can have more bitcoin and send it your locked ledger wallet again. I wonder how long you want to save it in the ledger? Be careful to safe because the market still not unstable and I hope that you don't have to panic especially if the market moves to the lower price because you want to save it for a long time from now.
hero member
Activity: 2912
Merit: 642
January 31, 2019, 06:32:58 AM
#35
I have seen also the same stories here.
He bought bitcoin at a very low price like $350 and he did keep 2 of it.
Said he will go back after 2 years and will just bury the flash drive where the private keys is at.
I dont really know what happened to that guy but I am guessing he already withdrew it.

This is some good way too. Try to forget it for now and maybe you will find yourself rich in 3 to 5 years.  Grin
jr. member
Activity: 238
Merit: 1
https://www.empirehotels.io
January 31, 2019, 05:59:17 AM
#34
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.

It was very logical not to buy bitcoin in 2017 when there was an aggressive growth. I understand you because the price is now much lower and buy bitcoin can bring a good profit in the next couple of years. I note that you are a fellow that bought his parts and thereby reduce the risk of losing money !
sr. member
Activity: 1470
Merit: 325
January 31, 2019, 02:54:09 AM
#33
you should have waited, 1 BTC might be something soon obtainable for a few dollars again.

you seem to have bag held and lost a lot of money in shitcoins that you have started thinking bitcoin is the same as all of those useless tokens you were bad holding.
no dude, it is different. they lost their value because they were useless and people were only interested in them to make profit and when that ended they all got rid of their bags. with bitcoin, there is always usages whether you know them or not. and that means it will always keep its value and not just that, it will rise up too.

nope i simly stopped believing in bitcoin and the bitcoinfixation since end of 2017 and it got confirmed.
legendary
Activity: 1834
Merit: 1003
January 31, 2019, 02:53:11 AM
#32
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.

Congrats!
Way back to 2013 i remember the day when i invested my savings to crypto for buying first bitcoin with profit. Try to invest your BTC for getting more btc. As i can see you also have ledger hardware wallet which i prefer as the safest method for storing my cryptocurrencies.
You are welcome!
legendary
Activity: 1946
Merit: 1137
January 31, 2019, 02:51:48 AM
#31
you should have waited, 1 BTC might be something soon obtainable for a few dollars again.

you seem to have bag held and lost a lot of money in shitcoins that you have started thinking bitcoin is the same as all of those useless tokens you were bad holding.
no dude, it is different. they lost their value because they were useless and people were only interested in them to make profit and when that ended they all got rid of their bags. with bitcoin, there is always usages whether you know them or not. and that means it will always keep its value and not just that, it will rise up too.
member
Activity: 742
Merit: 16
January 31, 2019, 02:51:40 AM
#30
I guess you invested your money and keep buying the dips well I've been on here since 2017 and I've not been able to gather up to 0.5 Btc I'm not an investor of Btc but I thought I could earn a lot from airdrops and bounties ,till date things haven't been going the way I planned I jut hope I will make more than 1 Btc someday
sr. member
Activity: 1470
Merit: 325
January 31, 2019, 02:45:49 AM
#29
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.


you should have waited, 1 BTC might be something soon obtainable for a few dollars again.
legendary
Activity: 3458
Merit: 1960
Leading Crypto Sports Betting & Casino Platform
January 31, 2019, 02:02:15 AM
#28
Congratulations! The most important next step will be for you to secure that coin and to make sure that you have enough self discipline not to sell it again.

One of the reasons why I want the Bitcoin price to go back to it's all time high, is for people like yourself to be rewarded for your efforts and determination. I bought my first bitcoins when the price was about $400 and people were saying that I was crazy to waste money on fake internet money. Those same people are now begging me to help them to buy bitcoins while the price is low.  Grin Grin Grin
full member
Activity: 1099
Merit: 116
January 30, 2019, 11:14:23 PM
#27
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.


At first i congratulate you that you have become owner of 1 Bitcoin from trade in the bearish market. Actually the intelligent traders are still trade by implementing their merits and research. If you locked your account for next few years, Bitcoin can fullful your goals if it reach your target price like $20k again.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
January 30, 2019, 09:07:57 PM
#26
Not many can say they hold 1 bitcoin because it is hard for most to keep them and not sell when the price just keeps going lower and lower every month for the past 10 months.
You are a true holder if you can stay true to the course and accumulate more when people are selling theirs to pay off their bills or had taken out loans to buy their bitcoin when it costed them more to do so.
Salutations and all the best in your journey on the road ahead. Smiley
full member
Activity: 1003
Merit: 112
January 30, 2019, 08:54:41 PM
#25
Congratulations! That is really a big achievement coz not everyone can own a full bitcoin. It's a good thing that you keep it on a hardwallet coz there are so many hackers nowadays. I earned more than 1 bitcoin but used it on emergency purposes happened last year. Anyway, i wish you a goodluck and hope you still earn more than that!
hero member
Activity: 1078
Merit: 501
January 30, 2019, 07:46:47 PM
#24
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

It’s now locked on my ledger for the next few years, let’s see where we go.

Thanks again to this forum and its members.

That's a good investment of yours, just keep it and don't make some things that can make your bitcoin disappear. I just hope that you could still earn more than that and that is good you handle to own 1 full bitcoin in terms of bitcoin is in dips right now. I've also already earned more than 1 btc now if I am not using it, but I need my bitcoin especially when emergency needs I withdraw it so I can't make it to have full bitcoin, anyways, congratulations!
legendary
Activity: 2170
Merit: 6279
be constructive or S.T.F.U
January 30, 2019, 06:46:35 PM
#23
It would be an amazing thing to come back to this thread in 5 years from now to see you showing off  your brand new Lambo.
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