investment advice? | Bitcointalksearch.org

BlackBoss_

sr. member

Activity: 602

Merit: 387

Rollbit is for you. Take $RLB token!

Quote from: ZAINmalik75 on July 16, 2023, 02:30:59 PM

I think firstly you should differentiate between exchange and wallet, most of people use exchange for buying and selling and just hold such amount in here through which he can trade, while wallet is mostly for holding coins for long term

Reminder: do not keep your money in online accounts

Quote

Now there is two type of wallet which are best according to thier security level, like in hardware wallet you should use tezos and ledger while in digital wallet you should use a non-custodial wallet name Electrum..

[LIST] Open Source Hardware Wallets

Wallets should be open source as if they are close source, you can not verify their codes and they can set back doors in their wallets.

Electrum wallet is free but you have to download it at Electrum official website and it's safer if you verify it before using the wallet software file for installation.
[GUIDE] How to Safely Download and Verify Electrum

ZAINmalik75

hero member

Activity: 1414

Merit: 670

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss.

Welcome here! It's absolutely true that investment in Bitcoin most of the time will provide you a huge profit, as because most of the time Bitcoin continues his cycle through which Bitcoin broke his previous ATH and make the new one, so at any price when you bought it, it will return significant amount but the important term is that you should hold it with patience for long time.

Quote

Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

I think firstly you should differentiate between exchange and wallet, most of people use exchange for buying and selling and just hold such amount in here through which he can trade, while wallet is mostly for holding coins for long term,

Now there is two type of wallet which are best according to thier security level, like in hardware wallet you should use tezos and ledger while in digital wallet you should use a non-custodial wallet name Electrum..

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Awaklara on July 14, 2023, 08:20:47 AM

Quote from: ItsCrafty on July 14, 2023, 08:10:07 AM

I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments. Diversifying your portfolio is key to managing the risks involved. Evaluating potential returns and assessing risk tolerance are essential factors to consider. Regularly reviewing your investments and staying updated on market trends can help you make adjustments as needed. Additionally, seeking advice from experts or attending investment seminars & community forums like this, can provide valuable insights. You can join different forums to gather information and keep yourself updated about trading tactics. Keep in mind that investing requires patience, discipline, and a long-term perspective. At first, define your target and the goals you might achieve.

if you explain how complicated crypto investing is to beginners. I'm sure beginners won't end up investing if everything is always complicated.
newbies see Bitcoin as the right asset for investment as OP thinks. and we're just going to justify it. Instead of choosing an altcoin for his first investment, Bitcoin will be better than all the aspects you mentioned.
OP's consideration is where to store it, maybe he already has a Trust wallet and also an account on the Binance exchange. but no one will trust these two to store assets in the long term.

We should have to consider teaching them the easiest way and understandable to their side. But we should also have to tell what is this really all about and must know the consequences. It was very important for them to have a clear understanding of this kind of investment so there is no reason they could blame us back from suffering losses as it was their decision as well, not ours.

It should be discussed so well from;
- buying, storing, and selling
- wallet to be used and its security
- the DO's and DON'Ts
- the function of exchanges

woez

member

Activity: 492

Merit: 48

Quote from: Porfirii on July 14, 2023, 12:09:22 PM

If OP needs advice, then this is a red flag to me because one should never invest in something he doesn't understand. This threat is a good start so he can begin his education and his crypto-journey, but one should never follow other's advice when investing (I even deny the classic advisors of WS who sell their services to people who is already rich: look at Madoff!).

You received good answers to your question about where to store your coins, but on the rest you should do your own research, and learning a bit of psychology applied to markets wouldn't harm either.

Interesting from your discussion above, I previously also did the exact same thing as you said. if it's just theory and just asking I think it's still lacking. If you have entered the market and have had ups and downs in running a new trade, more or less we know where the market is going along with potential issues related to the coin/token we are investing. Yes. Mr. corol (OP) this is great and relevant advice from @Porfirii if you've never done it before.

petulino

full member

Activity: 280

Merit: 114

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Out of mind on July 14, 2023, 08:49:18 PM

If you want to invest in bitcoins you need to know, When to invest will be profitable and when to invest is likely to face losses. Having full knowledge of this subject will help you succeed in your investment. If you invest and keep your money in an exchange then it is not safe for you at all. Instead you can use a software wallet that will be secured for you before you invest Bitcoin. And you buy bitcoins from Binance and transfer them back to your software wallet and hold.

There is no doubt that any crypto currency should be thoroughly analyzed before investing. A good and well timed entry can give you a good profit. Bitcoin is the top crypto currency in the crypto currency market, but you need to be careful while taking entry in this too. There are also people who entered at $60k and after that the price of Bitcoin dropped down to $16k.So all these things should be taken care of in the crypt currency market so that the timing of your entry is right.

You should always keep your coins in your personal wallet as your capital is not considered safe on the exchange, and in my opinion if you have capital then hard wallet is the best option where your capital will be most safe.

Out of mind

sr. member

Activity: 644

Merit: 321

I like to treat everyone as a friend 🔹

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

If you want to invest in bitcoins you need to know, When to invest will be profitable and when to invest is likely to face losses. Having full knowledge of this subject will help you succeed in your investment. If you invest and keep your money in an exchange then it is not safe for you at all. Instead you can use a software wallet that will be secured for you before you invest Bitcoin. And you buy bitcoins from Binance and transfer them back to your software wallet and hold.

Fullcoinese

full member

Activity: 407

Merit: 136

Quote from: Porfirii on July 14, 2023, 12:09:22 PM

If OP needs advice, then this is a red flag to me because one should never invest in something he doesn't understand. This threat is a good start so he can begin his education and his crypto-journey, but one should never follow other's advice when investing (I even deny the classic advisors of WS who sell their services to people who is already rich: look at Madoff!).

You received good answers to your question about where to store your coins, but on the rest you should do your own research, and learning a bit of psychology applied to markets wouldn't harm either.

even though Bitcoin is indeed a potential investment, what you say is absolutely true that investing without understanding and having knowledge about what is being invested is not good.
It's okay to accept advice from other people because apart from adding to our knowledge it is also one of our references in learning how to invest as long as we don't swallow the information and advice given. instead we have to be selective and filter out which information and suggestions are good for us to do.

Porfirii

legendary

Activity: 1932

Merit: 2354

The Alliance Of Bitcointalk Translators - ENG>SPA

If OP needs advice, then this is a red flag to me because one should never invest in something he doesn't understand. This threat is a good start so he can begin his education and his crypto-journey, but one should never follow other's advice when investing (I even deny the classic advisors of WS who sell their services to people who is already rich: look at Madoff!).

You received good answers to your question about where to store your coins, but on the rest you should do your own research, and learning a bit of psychology applied to markets wouldn't harm either.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: Vinaa77 on July 14, 2023, 09:52:55 AM

Quote from: ItsCrafty on July 14, 2023, 08:10:07 AM

I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments.

Using a good strategy also plays a role in seeing the potential for profit when investing in crypto, especially in the Bitcoin section, and knowledge is always needed when thinking about a good strategy to start investing, with this they will know the risk calculations that will incur when they fail in Investment. and this arrangement affects their profits later.

Investing in cryptocurrency is a risky business and we need to know about it not just entering the market for the sake of making more money for ourselves. It is good for us to take some time and learn some of the precautions we need to take to be a safe and profitable investors. The market is down now and its a good time for us to buy now and stake some of our holdings if we have a very good sites we can do that without telling do much risk that will make our lost our funds. Whether we are traders or investors, it is good we should look for the fundamentals of the market so that it will help us to be able to know when we need to buy or sell.

BRINIRHA

sr. member

Activity: 770

Merit: 266

Payment Gateway Allows Recurring Payments

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Well actually this depends on the type of investment you want anyway. If you are going to buy Bitcoin to be used as a long term investment. Then you need a hardware Wallet to be able to store it securely. because in a hardware wallet all the control is in your hands. Avoid storing on a centralized Exchange if it is for a long period of time. at least that's the advice I also received when I first started my investment in bitcoin. and i did. And my assets are safe till now.

Unlike the case with your intention to buy bitcoin is for the short term or if you want to engage in trading. Then you can trade on centralized exchanges which are much cheaper in trading fees. But when you have finished trading then you should withdraw your assets from the centralized exchange to your personal wallet. At least this is what has become my habit. Because I did this too after reading someone's suggestion on the internet.

Vinaa77

sr. member

Activity: 1344

Merit: 311

Quote from: ItsCrafty on July 14, 2023, 08:10:07 AM

I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments.

Using a good strategy also plays a role in seeing the potential for profit when investing in crypto, especially in the Bitcoin section, and knowledge is always needed when thinking about a good strategy to start investing, with this they will know the risk calculations that will incur when they fail in Investment. and this arrangement affects their profits later.

ImThour

copper member

Activity: 1470

Merit: 1609

Bitcoin Bottom was at $15.4k

I might advice you a bit different from others, If you are literally new, just buy those coins and keep it an highly reputable exchange like Kraken. Your money will be much safer there as compared to wallet apps like Trust Wallet or Metamask. The chances you get your passphrase shared or hacked is more than you getting your account bypassed from 2FA Security.

Once you understand how it works, go with a custodian wallet or buy a Ledger or Trezor, these are hardware wallets and they are the safest options available in the market as of today.
Move your coins to these hardware wallets and enjoy your HODL.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Awaklara on July 14, 2023, 08:20:47 AM

if you explain how complicated crypto investing is to beginners. I'm sure beginners won't end up investing if everything is always complicated.
newbies see Bitcoin as the right asset for investment as OP thinks. and we're just going to justify it. Instead of choosing an altcoin for his first investment, Bitcoin will be better than all the aspects you mentioned.
OP's consideration is where to store it, maybe he already has a Trust wallet and also an account on the Binance exchange. but no one will trust these two to store assets in the long term.

For beginners, altcoins look more tempting, as they feel that they have more prospects to earn more, since altcoins are more volatile. In addition, beginners do not invest a lot of money at first, because they are not sure how risky it is and this will also push them to buy more volatile assets with the hope of increasing their capital faster.

I see from my own experience that bitcoin is the best option for investing, because firstly, I already have a negative experience of investing in altcoins, and secondly, now I have invested in bitcoin and already at this stage my investments are in profit, although I know that we still have a bull market ahead and my investment will at least increase several times, which is very encouraging for me.

If a beginner is just starting out as an investor, then I believe that it is better to buy a reliable asset like Bitcoin and be sure that you will make a profit. The method of storage, of course, must be as reliable as possible.

Awaklara

hero member

Activity: 1246

Merit: 699

Quote from: ItsCrafty on July 14, 2023, 08:10:07 AM

I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments. Diversifying your portfolio is key to managing the risks involved. Evaluating potential returns and assessing risk tolerance are essential factors to consider. Regularly reviewing your investments and staying updated on market trends can help you make adjustments as needed. Additionally, seeking advice from experts or attending investment seminars & community forums like this, can provide valuable insights. You can join different forums to gather information and keep yourself updated about trading tactics. Keep in mind that investing requires patience, discipline, and a long-term perspective. At first, define your target and the goals you might achieve.

if you explain how complicated crypto investing is to beginners. I'm sure beginners won't end up investing if everything is always complicated.
newbies see Bitcoin as the right asset for investment as OP thinks. and we're just going to justify it. Instead of choosing an altcoin for his first investment, Bitcoin will be better than all the aspects you mentioned.
OP's consideration is where to store it, maybe he already has a Trust wallet and also an account on the Binance exchange. but no one will trust these two to store assets in the long term.

ItsCrafty

full member

Activity: 826

Merit: 135

Tontogether | Save Smart & Win Big

Quote from: Marykeller on March 13, 2023, 02:24:37 PM

Your intent of investing in bitcoin is a good one to start with. As you already know, bitcoin can be a profitable asset or a loss asset in the future depending on the crypto market and when you choose to sell. It's up to you to decide which one you want(profits or losses). Don't invest in bitcoin because you are told to, invest because you see a future in it and you want to safeguard your assets with it.

I think,Investment can be a complex process, but with knowledge and understanding, it can also be rewarding. It is important to do your research on different investments. Diversifying your portfolio is key to managing the risks involved. Evaluating potential returns and assessing risk tolerance are essential factors to consider. Regularly reviewing your investments and staying updated on market trends can help you make adjustments as needed. Additionally, seeking advice from experts or attending investment seminars & community forums like this, can provide valuable insights. You can join different forums to gather information and keep yourself updated about trading tactics. Keep in mind that investing requires patience, discipline, and a long-term perspective. At first, define your target and the goals you might achieve.

Iadegbola34

member

Activity: 499

Merit: 16

Investing in Bitcoin can indeed be a bit of a rollercoaster ride. As for where to invest, both Trust Wallet and Binance are popular choices. Ultimately, it depends on your personal preferences and needs. Just keep in mind that while platforms take precautions, there's no guarantee against hacking. Do some research, consider security features, and make an informed decision. Good luck with your investment! 🚀

Fuso.hp

sr. member

Activity: 490

Merit: 294

Trust wallet will never be safe wallet for your money and also you mentioned binance exchange wallet. Binance is a very popular crypto but recently due to major exchange scams it is not safe to keep money in exchange wallets so I would not choose any of the two wallets you mentioned to keep my money. The most secure wallet for you will be a hardware wallet. Because there is no chance of your crypto currency being scammed in a hardware wallet, this wallet is very secure. If using hardware wallet is not possible for you then you can use some crypto wallet with more security like Mycelium wallet Electrum wallet, Metamask wallet etc. These wallets will be safe for you and your money.

Compromise me

sr. member

Activity: 462

Merit: 328

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss.

If you get the Profit of Bitcoin .you buy Bitcoin at a lower price and it value increase over time then you fouce on price when its price increase beyond your purchase price then you can sell it .you have been good profit for Bitcoin, and u buy high price and sell lower price then u have loss .If you accept my advice ,never trade call and tips because it has a lot of risk and never short-term invest in Bitcoin because Bitcoin is for long term investment.If you invest short term you have exposed a lot of risk.

Sexylizzy2813

sr. member

Activity: 756

Merit: 454

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest.

Advise needed from Forum members can be given but the question is, can you keep those advise working? Like can you put it to good use? Well is up to you, good thing you know that while investing on Bitcoin it's either you gain or you lose. You just have to be careful and having a plan while investing.

Quote

Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Hackers are like flies, they don't rest at a place. Where you place your Bitcoin doesn't matter to me, but what matters is how careful you are, if you feel you safe in keeping it on Trust wallet or Binance then your good to go as long as your pass code ain't exposed.
Happy investing...

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Mr.corol on March 02, 2023, 11:24:39 AM

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Generally, you should not put any BTCs inside an exchange due to the natural risks involved. Remember that even with the latest security in Binance, it had been hacked several times by scammers in the past. That is why, majority of the people here would recommend investing in a hardware wallet in order for you to store your BTCs inside it.

If you are planning on investing long-term, then a hardware wallet would be the best and safest choice. But I would still recommend putting some of your BTCs in Binance if you plan on circulating and purchasing different cryptocurrencies in the process. With its convenience, you can easily migrate one cryptocurrency to another with their interface.

Topic: investment advice? (Read 783 times)