Is buying Bitcoin safe? | Bitcointalksearch.org

CryptopreneurBrainboss

legendary

Activity: 2478

Merit: 4341

Top-tier crypto casino and sportsbook.

Quote from: Peanutswar on Today at 10:03:54 AM

Being decentralized, Bitcoin is safe. At the same time, using Bitcoin keeps you anonymous once you transact unless you publicly declare the address you are using. Now is buying a bitcoin worth it?, depends on you how you will use the bitcoin, now tons of businesses already accepting the use of the bitcoin and also now its widely use for transactions and investments. If you can see the bitcoin for a long term investment its ideal to hold you can also make trading short-term in bitcoin if you can.

Bitcoin puts the security of your finances in your hands, it's the safest form of transacting as you don't get censored by the government or being controlled on how you can spend your money. Having Bitcoin puts you incharge of all your transactions and at the same time, keeps you anonymous.

Being anonymous is freedom, you get to spend as much as you can without having the fear of being observed/monitored. Buying Bitcoin from a centralized exchanges isn't save because you'll get to submit KYC that would have sensitive information about yourself and if it gets to the wrong hands, it can be used against you in so many bad ways. Buying/investing in Bitcoin is safe but be mindful of the places you buy from.

Olatundespo

member

Activity: 132

Merit: 50

Quote from: Stable090 on February 18, 2025, 03:14:52 PM

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Before you invest in bitcoin, make sure you learn about it first, and if you understand the basics of bitcoin, how bitcoin should be stored, and appropriate wallet which should be used in storing bitcoin, then bitcoin investment is safe, if you can just secure your bitcoin properly, then you have no problem. When investing in bitcoin, make sure you make use of DCA strategy, you can just start investing gradually, you don’t have to buy all at once.

You are right. Before investing in Bitcoin, one should know about effective methods to store it safely and about seed phrases. The level of security of Bitcoin will be such that you are holding valuable assets. After being sure about the security features of using the wallet, you can decide your strategy for deposit Bitcoin and the best one is like DCA strategy. If you are a new investor, you should be enthusiastic about accumulation Bitcoin from disposable income every week. Gradually investing strategy is to invest in Bitcoin in larger amounts and in the long term with increasing experience. Every investor even if he has a small amount of wealth, tries his best to protect it. Therefore the DCA strategy can be the most risk-free strategy for investment.

Su-asa

sr. member

Activity: 504

Merit: 300

Sibi Dabo,,,,,,, Teme Ini Na Sime

Quote from: Stable090 on February 18, 2025, 03:14:52 PM

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Before you invest in bitcoin, make sure you learn about it first, and if you understand the basics of bitcoin, how bitcoin should be stored, and appropriate wallet which should be used in storing bitcoin, then bitcoin investment is safe, if you can just secure your bitcoin properly, then you have no problem. When investing in bitcoin, make sure you make use of DCA strategy, you can just start investing gradually, you don’t have to buy all at once.

As a newbie you should know about the safest wallets to use for storing your Bitcoin and know the safest place to keep your seed phrase. If your seed phrase is kept in a safe place and you have the mindset of accumulating Bitcoin for a very long term you can achieve a decent portion of Bitcoin on your portfolio. For a newbie to Bitcoin investment, bitcoin investment should be done gradually so you can learn the basics while you keep accumulating Bitcoin. If you want to learn of Bitcoin before start to invest in Bitcoin you might continue to procrastinate without making an attempt to invest in Bitcoin.

Moreno233

sr. member

Activity: 588

Merit: 302

Trust the process, imbibe consistency

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

If you are buying today and expecting to see huge profits in a very short time from today, buying Bitcoin is not safe.

If you are buying Bitcoin with money that is not yours or money that you cannot keep in Bitcoin for at least some years, then buying Bitcoin is not safe

But if none of the above is true, then buying Bitcoin is one of the safest investment you can ever make. You will have your money under your control and inflation will not be able to affect it and you will see significant growth in your investment more than you can see anywhere. Therefore, think about buying Bitcoin with only your discretionary income and holding for a very long time like 5 to 10 years from today.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: Peanutswar on Today at 10:03:54 AM

Being decentralized, Bitcoin is safe. At the same time, using Bitcoin keeps you anonymous once you transact unless you publicly declare the address you are using.

Don't publish your Bitcoin public addresses.
Use change addresses.
Run your Bitcoin full node and use it to broadcast your Bitcoin transaction if possible.

You will have good privacy and kind of anonymity.

Bitcoin privacy resources.
Bitcoin privacy guide.
Protect your privacy.
General guidelines for sending BTC transactions.

Peanutswar

legendary

Activity: 1806

Merit: 1437

Wheel of Whales 🐳

Being decentralized, Bitcoin is safe. At the same time, using Bitcoin keeps you anonymous once you transact unless you publicly declare the address you are using. Now is buying a bitcoin worth it?, depends on you how you will use the bitcoin, now tons of businesses already accepting the use of the bitcoin and also now its widely use for transactions and investments. If you can see the bitcoin for a long term investment its ideal to hold you can also make trading short-term in bitcoin if you can. Again like we say to new comers we have the phrase of not your keys not your coins, so keep your asset into a wallet of course and not store in an exchange.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

Quote from: Alone055 on February 18, 2025, 12:49:13 PM

Quote from: Fiasem20 on February 17, 2025, 07:23:30 PM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

Snip

This doesn't look funny at all, it's looks very misleading to a newbie,now I can see why most newbies can't express themselves in terms of seeking clarities.

Quote from: Jegileman on February 18, 2025, 11:34:33 AM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

Snip

Oh No, this was too much. The OP will never know this is sacarsm. You should have at least indicated as such. He looks newbie here and may not really know much about bitcoin and wants to know on how to go about bitcoin purchase the first time here.

Come on, guys! There is nothing wrong with a bit of sarcasm. OP might be a newbie in cryptocurrency, but he isn't a newborn baby who wouldn't understand if someone is being sarcastic, and it wasn't even that bad.

Thanks brother for this!
Sometimes we then to be so official with our post or comments and it's boring we are humans let's just take a chill pill, I'm not trying to hurt @OP if he or she understands he will probably know that asking such a question with his rank and days in the community sounds so unrealistic.

Quote from: DaNNy001 on February 18, 2025, 01:27:23 PM

Quote from: WeedGoW on February 17, 2025, 12:34:44 PM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

Snip

Have you heard anything about sarcasm? I think what churchillvv did there was just being sarcastic because all what he said is directly the opposite of what will happen if someone buys Bitcoin. I think the reason for such ~~absurd~~ manner of answering his questions is because the question the op asked just seem so unbelievable, seeing how evolved the world has turn to now.

LOL absurd manners you say?
Okay let's just keep it that way.

Quote from: ? on February 17, 2025, 11:25:21 PM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

Snip

Haha! Solid sarcasm! Cheesy

If Bitcoin were that dangerous, I guess we'd all be in deep trouble by now. But hey, good to see you're still managing to post a comment from "PRISON" LOL!

Meehnnn, Damn I struggled to post this hit here!

Quote from: knowngunman on February 18, 2025, 03:25:58 AM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

Snip

Lol

I really can't remember the last time I laughed so hard like this reading a post in the forum.

I'm glad I mad you laugh!
The forum is becoming too inhuman, I just wanted to be a human here....

Sorry guys if you didn't find this post funny Cool

Stable090

sr. member

Activity: 882

Merit: 456

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Before you invest in bitcoin, make sure you learn about it first, and if you understand the basics of bitcoin, how bitcoin should be stored, and appropriate wallet which should be used in storing bitcoin, then bitcoin investment is safe, if you can just secure your bitcoin properly, then you have no problem. When investing in bitcoin, make sure you make use of DCA strategy, you can just start investing gradually, you don’t have to buy all at once.

Renampun

sr. member

Activity: 2520

Merit: 366

Catalog Websites

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

I answer, anytime is the best time to buy bitcoin (if you use the DCA method) besides that there are also other options such as only buying when the price is DIP (bear market) and finally buying before the bitcoin halving occurs (because the price of bitcoin will always increase when the halving is approaching)

To buy bitcoins more safely and store them, you can buy them at a trusted CEX that has a good reputation and liquidity and store them in a personal wallet because storing them in a CEX or DEX wallet is very risky.

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: WeedGoW on February 17, 2025, 12:34:44 PM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

Brother I couldn’t agree with your words because Bitcoin is not risky again. If you buy bitcoin from the right place, you will never be in danger and if you buy bitcoin, you will not buy bitcoin from a trustworthy website or exchange. If you can buy Bitcoin from all these trusted exchanges such as the Binance Exchange or the Cockyen Exchange, you can be totally safe thanks. And when you buy bitcoin will depend on you only because the markets need to collect knowledge through analyses then you can go to the market and buy bitcoins and by listening to you, you have to decide so that you don’t face danger.

Have you heard anything about sarcasm? I think what churchillvv did there was just being sarcastic because all what he said is directly the opposite of what will happen if someone buys Bitcoin. I think the reason for such absurd manner of answering his questions is because the question the op asked just seem so unbelievable, seeing how evolved the world has turn to now.

Alone055

sr. member

Activity: 1288

Merit: 375

Quote from: Fiasem20 on February 17, 2025, 07:23:30 PM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

This doesn't look funny at all, it's looks very misleading to a newbie,now I can see why most newbies can't express themselves in terms of seeking clarities.

Quote from: Jegileman on February 18, 2025, 11:34:33 AM

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

Oh No, this was too much. The OP will never know this is sacarsm. You should have at least indicated as such. He looks newbie here and may not really know much about bitcoin and wants to know on how to go about bitcoin purchase the first time here.

Come on, guys! There is nothing wrong with a bit of sarcasm. OP might be a newbie in cryptocurrency, but he isn't a newborn baby who wouldn't understand if someone is being sarcastic, and it wasn't even that bad.

Coming back to the question of OP, from what I understood, by "safety", he is probably referring to the safety of his funds and whether he is going to lose his money if he invests in Bitcoin or not because his first question is accompanied by the second question where he is asking when one should buy Bitcoin, which means that he is trying to confirm what time is right to buy or start buying Bitcoin.

@OP, since you seem to be completely new in this space, the first thing I would suggest is that you should get some knowledge before you get involved in finances. Try to learn about Bitcoin, its blockchain, how you can make transactions, how you can set up a wallet (preferrably a non-custodial one), how you can secure your wallet and keep it secure, how you should safeguard your seed phrases and private keys, etc.

Once you have learned all these things, then you can think of buying Bitcoin or any other cryptocurrencies and then you will be much safer.

yudi09

hero member

Activity: 1400

Merit: 797

Rollbit - The #1 Solana Casino

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

What if you first learn where it is safe and not or learn where the advantages and disadvantages are by reading all the writings about it, either in books or online. If I were to answer your question about whether it is safe, then yes it is safe. Safe in my opinion means that its value will not decrease. Safe in other words depends on where you store it

When is the best time to buy, whenever you want to buy. You will not be moved to make a purchase if you do not have knowledge about Bitcoin, such as knowledge of its advantages and disadvantages.

Jegileman

sr. member

Activity: 616

Merit: 265

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

Oh No, this was too much. The OP will never know this is sacarsm. You should have at least indicated as such. He looks newbie here and may not really know much about bitcoin and wants to know on how to go about bitcoin purchase the first time here.

If I had only knew bitcoin of recent and was introduced into this forum, if my first question goes as such and hear this reply, I may have believed immediately or after knowing it’s a sacarsm, I won’t feel that I am welcomed here. It’s really weird to ask such question at this time the Bitcoin technology have come, but we should not still know that not all knows all.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: hd49728 on February 17, 2025, 10:47:22 AM

Quote from: Lucius on February 17, 2025, 10:37:00 AM

- Another example would be a person who understood very well what exactly BTC is, what its advantages and disadvantages are, and based on that, decided to invest part of their savings in it and then protect their investment by setting themselves up as their own bank. Not your keys, not your coins is a very simple sentence that actually encapsulates the essence of owning BTC - anyone who doesn't understand this shouldn't invest in it.

People can understand well about Bitcoin, know about importance of "Not your keys, not your coins" but they just don't have good practice for their bitcoin storage.

From knowledge to practice, sometimes there is something broken in between and the following warning has its value.

Reminder: do not keep your money in online accounts
How the SEC Nearly Destroyed my Retirement Account

I wouldn't really agree that someone who understands BTC well could have the wrong idea about how to safely store their private keys/seed and how to securely make a transaction. However, perhaps we could say that there are a lot of people who think they understand something, but still live in certain misconceptions that can end up costing them dearly.

A concrete example would be if, for example, there is a general opinion that hardware wallets are the ultimate solution for secure storage and transactions when it comes to cryptocurrencies - but how many people buy such a device and decide to save their seed online or save it as an ordinary document on a computer, or as a sample screen on their smartphone?

Knowledge, patience and caution are key in all of this - but the idea of many is to try to get rich as soon as possible, and this greed often obscures a lot of important things that everyone should see.

btcltcdigger

hero member

Activity: 2170

Merit: 799

Top-tier crypto casino and sportsbook

Safe from scammers or safe IRL from thugs?
If safe from scammers, then use official exchanges. Anything else that offers BTC at a discount is a scam.
If from thugs, well. $5 wrench attack is always possible if you flash your BTC around

Sticky Bomb

member

Activity: 65

Merit: 18

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

I wouldn't say it's 100% safe since there's still some level of risks involved in it and no matter how small the risks are, it's noteworthy. You'll have to know that there's no guarantee on your investment into Bitcoin, yet from it's history of good performance and price appreciation, one can confidently say that it's a valuable asset and worth purchasing to hold.

Holding Bitcoin for a long-term is key to profitability and increased security on your investments. Don't forget your security practices in order to increase the safety of your investment, else you can lose it to scammers who are ever ready to rip you off your investments

Powerjumboo

member

Activity: 3

Merit: 8

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

Why Bitcoin is safe depends on the user or investor. Now if you can buy Bitcoin and keep it safe then your Bitcoin will be safe and if you can't buy Bitcoin and keep it safe then your Bitcoin will not be safe. And is it appropriate to buy Bitcoin at any time? If you think it is appropriate to buy Bitcoin now, then of course why Bitcoin is appropriate at this moment.

knowngunman

sr. member

Activity: 868

Merit: 388

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

Lol

I really can't remember the last time I laughed so hard like this reading a post in the forum.

Let's assume Op was trying to ask whether a specific method of buying bitcoin is safe or not and doesn't mean buying bitcoin literally. It's absurd asking such questions thou at this stage unless he's leaving in a very restricted country that prohibits anything that has to do with crypto.

Quote from: Despairo on February 16, 2025, 12:39:50 AM

You said Bitcoin has helped you and now you're asking if buying Bitcoin is safe or not, what a bullshit.

Quote from: ? on December 13, 2024, 04:51:13 PM

The set of people who see bitcoin as a scam are those who involve themselves in bitcoin without a full knowledge of how the coin works and rush into investing because they have seen their friends succeeding from bitcoin they just feel like is a bed of roses you don't just rush into investing without knowing nothing about it at first I thought same but with time I come to understand more about the coin which has helped me so far

What a catch Grin

This is one reason why people don't take newbies seriously even when they are genuinely asking. Assuming he's doing this to get merit, will this post even earn a single merit? It's not a crime to remain real and genuine. Making contradictory posts won't earn any merit other than resulting in ignored list.

Zanab247

sr. member

Activity: 1414

Merit: 236

VPN Friendly & Exclusive Bonuses!

Quote from: lizarder on February 17, 2025, 11:15:40 PM

Quote from: ? on February 15, 2025, 06:51:19 PM

I Really want to know if buying Bitcoin is safe? If yes when should one buy Bitcoin

It would be very safe if you have the knowledge to store it and maybe you should understand the process for security by how someone buys. Because if both are connected, buy first then we will store bitcoin in a much safer place. Regarding when to buy the right one, the answer is when you have money and regarding the buying strategy, it can be adjusted to your ability to see opportunities.

It will be safe when you have the knowledge because your knowledge will direct you to use good wallets to hodl your BTC and start waiting for the price you want to sell to come before you can sell to earn profit, which is what knowledge can do for you to make your BTC journey safe all through.

You don't have to wait for the price to dump before you can buy BTC, when you are financial buoyant, but if you are not financial buoyant, I will advise you to wait for the price to dump to switch to bear run before you can buy as much you want and hodl BTC in your wallet, which is the simplest way common men and women use to buy BTC to start expecting profits that will increase them financially, which new investors can also apply the same method too.

?

Activity: -

Merit: -

Quote from: Churchillvv on February 15, 2025, 07:01:07 PM

No it's never safe to buy bitcoin! you shouldn't try that you might end up in prison or something for buying bitcoin.

Everyone who has bought bitcoin in the last 15-16 years now are all dead or in prison infact I'm typing this with my prisoners laptop.

If eventually bitcoin is now safe please don't buy it might ruin your life in the long run Cool

Haha! Solid sarcasm! Cheesy

If Bitcoin were that dangerous, I guess we'd all be in deep trouble by now. But hey, good to see you're still managing to post a comment from "PRISON" LOL!

Topic: Is buying Bitcoin safe? (Read 643 times)