I've invested around 450 dollars into bitcoin so far and I am 16 years old

pawanjain

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Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

Great going bud. You are quite young to enter into bitcoin and it's impressive you are learning more about it.
Keep learning and keep accumulating more BTC. In the next 10 years you will just be 26 but you will have a lot what others won't have.
In terms of knowledge as well as in terms of wealth. So keep doing what you are doing and stay active in this forum.

savetheFORUM

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Quote from: coinerer on February 20, 2023, 01:04:14 AM

op may not provide a screenshot of his wallet and reveal which wallet he has deposited his bitcoins in due to security reasons but he can post the wallet address here that he has 0.01798185 BTC deposited in the wallet address if he can prove it Then I'll give him a +1 merit myself. I look forward to the op's reply

Some 16 year old kid can think mature already, especially if they came from a family who value's money so much and it looks like he is one of it because if you read his story, his dad is the one that introduce Bitcoin to him. I feel that his dad does his best to explain Bitcoin to his kid in an understandable manner.

After all, he is still a kid and he still knows how to enjoy. His family also bought him toys but there is no need for him to share it here as that wasn't important anymore. Pictures as a proof is too easy to be game because someone can just get a screenshot online or they will do some editing but a better way would be to sign a message as what other members have said.

Japinat

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Quote from: Jawhead999 on February 18, 2023, 11:26:50 PM

Am not sure what does you mean about you put all into it, did you refer to how long you invest to learn Bitcoin or you're used all of your money which is $450 to buy Bitcoin? As long as you can afford to lose all of your $450 and you don't need to use that money to buy stuff in your school, you're good to go.

Not sure as well what he truly meant about it because the OP doesn't stated that he's just pouring what he can afford to lose and not all his usable funds as he stated that he's still a sophomore in high school, what the OP has said is that "he is just putting all that he can into it". Nevertheless, the OP has been favored to learn about bitcoin and started his own journey at a young age with the guidance of his father. Well done, young man!

blockman

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Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

First, congratulations.
How I wish that I'm able to know bitcoin when I was younger and there are no other things that I have to think of. It's better to hold it on your own if you already know how to keep your keys. That's the major thing that you should know upon holding and owning bitcoin. Also, having that much at your age for an investment, you need to be consistent and learn to control your emotions whenever you see the price of bitcoin going down.

digaran

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@Michael, please don't post pictures and videos, this forum is not what you think, there are security risks of revealing everything about yourself. Stop eating too much sugar and consult your father please?

coinerer

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Quote from: Despairo on February 20, 2023, 12:53:24 AM

Quote from: coinerer on February 20, 2023, 12:27:54 AM

Quote from: leonair on February 19, 2023, 11:55:43 AM

Such events can only be seen posted by Newbie accounts. However op you might get some Smerit if you post a screenshot of your holding bitcoin with the post

op's story is somewhat suspicious because now is the time for him to have fun and spend money to buy things but at his age he is thinking about his future and taking different approaches and accumulating money through Bitcoin is somewhat mysterious. And he hasn't posted any pictures here as proof of how much Bitcoin he's really hoarding. I think you got the point right that he could somehow concoct such a story to get Smerit Huh

I've seen so many members who creating fake story or merit fishing thread, but this thread is quite different from the other members. Although I have no proof if he's a genuine user, but since there's nothing suspicious I wouldn't judge @OP to soon.

I'm not quite sure what's the reason you guys need to see the proof of the Bitcoin he hold, but let's say the @OP can sign a message from an address where it's contain 0.01798185 BTC and the oldest transaction history was February 19, 2023 (at the time where this thread was posted), do you guys will send another $450 to his address?

op may not provide a screenshot of his wallet and reveal which wallet he has deposited his bitcoins in due to security reasons but he can post the wallet address here that he has 0.01798185 BTC deposited in the wallet address if he can prove it Then I'll give him a +1 merit myself. I look forward to the op's reply

Despairo

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Quote from: coinerer on February 20, 2023, 12:27:54 AM

Quote from: leonair on February 19, 2023, 11:55:43 AM

Such events can only be seen posted by Newbie accounts. However op you might get some Smerit if you post a screenshot of your holding bitcoin with the post

op's story is somewhat suspicious because now is the time for him to have fun and spend money to buy things but at his age he is thinking about his future and taking different approaches and accumulating money through Bitcoin is somewhat mysterious. And he hasn't posted any pictures here as proof of how much Bitcoin he's really hoarding. I think you got the point right that he could somehow concoct such a story to get Smerit Huh

I've seen so many members who creating fake story or merit fishing thread, but this thread is quite different from the other members. Although I have no proof if he's a genuine user, but since there's nothing suspicious I wouldn't judge @OP to soon.

I'm not quite sure what's the reason you guys need to see the proof of the Bitcoin he hold, but let's say the @OP can sign a message from an address where it's contain 0.01798185 BTC and the oldest transaction history was February 19, 2023 (at the time where this thread was posted), do you guys will send another $450 to his address?

coinerer

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Quote from: leonair on February 19, 2023, 11:55:43 AM

Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

Your story is soo cool. good luck to you Hold bitcoins securely. And if you can hold it without selling it, you will own about $1800 when Bitcoin hits $100k. Hold the bitcoins in a good non-custodial wallet like Electrum, Ledger, KeepKey, Trezor etc or you can buy a hardware wallet too
Such events can only be seen posted by Newbie accounts. However op you might get some Smerit if you post a screenshot of your holding bitcoin with the post

op's story is somewhat suspicious because now is the time for him to have fun and spend money to buy things but at his age he is thinking about his future and taking different approaches and accumulating money through Bitcoin is somewhat mysterious. And he hasn't posted any pictures here as proof of how much Bitcoin he's really hoarding. I think you got the point right that he could somehow concoct such a story to get Smerit Huh

Oasisman

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Quote from: Jawhead999 on February 18, 2023, 11:26:50 PM

Am not sure what does you mean about you put all into it, did you refer to how long you invest to learn Bitcoin or you're used all of your money which is $450 to buy Bitcoin? As long as you can afford to lose all of your $450 and you don't need to use that money to buy stuff in your school, you're good to go.

Does you mean this app? https://www.stockpile.com/

It's a centralized platform and I see they're ask KYC verification, it's not good for long term holding, you need to use hardware wallet since you're still newbie. Make sure you bought it from official store/seller. Anyway this thread is good to learn Security and Privacy Topics on Guides and Protection.

Yes, I do mean stockpile.com. Also, I will talk to my dad tomorrow or very soon to talk to him about transferring my money out of stockpile and into a hardware wallet. I plan on long-term investing my money into btc. Currently, I can afford to lose all of the 450 dollars of bitcoin that I have. It's not a life-changing amount for me or my family. However, I do plan on investing almost every dime I earn from a job/birthday/holiday (I'm not actually 16 I turn 16 literally next week) I am very excited to get a job so I can get more bitcoin, for me it's like gold, in my mind bitcoin is shiny and awesome looking.

Way to go young man! Securing your Bitcoin would be your next step, you need to tell your dad to transfer it immediately to a cold wallet when you have it, or you can use non custodial wallet for the meantime like Electrum.
Stacking your Bitcoin in an exchange or a brokerage isn't safe. It's just matter of time, one of these exchange will be hacked and we don't want that to happen where our Bitcoin are stored.

digaran

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Don't know why people call him "young age"? He is a man now and he should know that this forum is not a good place for his little sister, so please don't bring her to this forum, you could help her to buy bitcoin and teach her about bitcoin.

Also you should avoid posting consecutively as it is against forum rules, And please don't waste your money on hardware wallets, those are for billionaires not for a few k in $. Reading more and posting less is a great help, because there is a lot of misinformation floating around, you could get confused if you keep asking so many questions. Take your time and learn a lot first. Store your coins on a paper, on a flash drive and on electrum with a strong password, save the password and the seed in 3 different safe places. Buy as much as you can because you will never see these low prices again. Go go go, Michael.😉

Zorigi

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at a young age you are actually lucky because you can know about bitcoin, because usually very few people know about bitcoin at your age. so with you joining this forum it is a good action and you can learn more here.
hopefully you can hold your bitcoin until you get a big profit.

good luck on your investment.

freedomgo

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Quote from: coinerer on February 18, 2023, 11:32:03 PM

Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

Good luck, 0.01798185 is a large amount for your age. It's admirable that you own so many bitcoins at this age, but it would be even more admirable if you could hold on to it. Holding Bitcoins is a difficult task that not everyone can do. So you use a non-custodial wallet to hold your bitcoins to keep them secure and when you are able to acquire more bitcoins buy a hardware wallet and store them safely there. Best wishes to you

It’s really impressive OP that you have been storing bitcoin at an early age. While others at your age spend their money buying gadgets, but you at your young age must have been wise enough to think about your future. Anyway, thanks to your dad as he maybe your mentor. But it’s best if you can keep them in a non-custodial wallet where you can keep them safely and hold them as long as you want without fearing that they can be hack or steal anytime. Just keep on DCAing, but never used all your money to buy bitcoin, since putting all your hard-earned money into bitcoin is never good too and advisable.

serjent05

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Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

You can try to search youtube on how properly store your Bitcoin. This way you can easily transfer your Bitcoin anywhere, though I believe it is much better to ask your father about the guidance of securing our Bitcoin.

It is a very good thing if a person got the essence of how important savings are. You are on the right track, just hold and have a diamond hand... until your holdings reach your target price.

DeathAngel

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Smart kid, you will do well young man. I would learn about self custody if I was you. Get a hardware wallet for Christmas or something. You don’t need to rely on your Dad to be honest. Don’t trust, verify.

If you can put some of your pocket money, birthday money, Xmas money into bitcoin & continue regularly buying bitcoin when you start working then for sure, you will do very well & potentially be a wealthy man by the time you get to my ripe old age.

cryptosize

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https://twitter.com/MichaelHowellW/status/1627198664702832651

Huh

Don't do this, son...

Jody.Drummer

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It's great that you made that decision and are now on the right track when it comes to investing.
You're still very young and I appreciate that because it's a great thing to be 16 years old to be here and this can be considered lucky for you in my opinion.
$450 isn't bad for your age and trust me you will get something probably more than that if you hold on to a really good price down the line.

BlackHatCoiner

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What's Stockpile? It sounds like a third party. Withdraw your bitcoin from third parties! You don't own 2/3 of your bitcoin; someone else does. Download a lightweight Bitcoin client like Electrum, create a new wallet, and send them there. Hasn't your dad told you about that already? The first rule of Bitcoin is to eliminate as much trust as possible. Don't hesitate to ask for any question.

Welcome to Bitcoin space. Fasten your seatbelt.

Z-tight

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Okie dokie everyone. A lot of people are saying that I should invest in a hardware wallet to secure my future of holding my btc. The idea of a hardware wallet is very attractive to me and I will get one as soon as I can. Currently, I don't have the money to even get a hardware wallet so I'll try to ask for one for my birthday or I'll save up for one. Some of the bitcoin wallets I see are rather expensive (Like ledger) these bitcoin wallets are pretty much off the table since currently,

You can use a free, secure and safe software wallet like electrum, with electrum you are in control of your private keys and seed phrase, and that alone is much better than the wallet you are already using, though an electrum wallet can be a hot or cold wallet, it all depends on how you use or run it on your device, it is a hot wallet if you use it on your internet device, but since you are holding for the long term if you have two devices, you can set up one as a cold storage on an airgapped device, but make sure you set it up in a safe enviroment, while you use the other device to run your watch only wallet, it is more secure than a hardware wallet, but more difficult to set up, but you can use it until you can buy a hardware wallet.

uneng

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Quote from: ?? on ??

Okie dokie everyone. A lot of people are saying that I should invest in a hardware wallet to secure my future of holding my btc. The idea of a hardware wallet is very attractive to me and I will get one as soon as I can. Currently, I don't have the money to even get a hardware wallet so I'll try to ask for one for my birthday or I'll save up for one. Some of the bitcoin wallets I see are rather expensive (Like ledger) these bitcoin wallets are pretty much off the table since currently, I have no way to make money other than on birthdays and holidays. My dad has a lot of experience in crypto so maybe he'll have one lying around I'm not sure. It's super awesome having a dad who's into programming, crypto, and tech stuff especially since he's 46 years old and most people his age don't really understand much about programming/tech especially crypto. I will try to get a job as soon as I can (since I'm not actually 16 yet I'm 15 lmao I turn 16 next week sorry for the clickbait). I've applied to many jobs but they never even responded since it's most likely due to me being 15 and not 16. Roll Eyes

I believe this model is one of the cheapest ones:

https://trezor.io/trezor-model-one

Although it looks outdated, it fulfills its purpose very well... It shouldn't be that hard or challenging to have enough money to acquire this device in a country like USA. And since your father is into this universe for longer, he will understand your demand in having a hardware wallet sooner as possible to store your currently 450$ in BTC currency safely.

lizarder

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Quote from: mxfwzzwizqbz on February 18, 2023, 11:13:42 PM

Currently, I am a sophomore in high school. I learned about btc from my dad and btc blew my mind and I was hooked. I've been pretty much putting all that I can into it for a year and a half now. Are there any tips you guys give me? 2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin

Good job to those of you who at a relatively young age already know and have invested in bitcoin, because there are still many people out there who want to invest in bitcoin but don't have the money to start with. As far as the story you wrote in the thread and your father should have taught you how to store bitcoins in a safe place, as this is important as the next priority in keeping bitcoins in a safe place long term. Buy gradually and hold your bitcoins, because we will see a surprise for next year when it reaches the next ATH.

If you intend to store bitcoins in the long term, the electrum and bluewallet wallets are safe enough places for you to store bitcoins and if i'm not mistaken Stockpile requires KYC, is it correct?

Topic: I've invested around 450 dollars into bitcoin so far and I am 16 years old (Read 498 times)