Just got into BTC | Bitcointalksearch.org

trickyriky

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Quote from: mandor on August 20, 2019, 10:48:33 PM

Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

why you can really stressed about BTC? as long as you still to keep a secret key or still safe in your wallet, everyone certainly does not want to lose large amounts of money. if you want to make a big profit then it's better not to hold it for too long and don't keep it in the bank, you can exchange your BTC for USD or other coins on the market that have good potential in the future. all decisions are in your hands.

If you already have BTC, better hold it. The newbie in a crypto world, however, must not invest all money in Bitcoin. He must allocate funds between at least a dozen cryptocurrencies, which number is more than 2000. Focus on tokens from the top 50. Do not keep cryptocurrency on the exchange.
Once you have bought it, transfer money from the exchange to a wallet that only you control.

virasog

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Quote from: Kasabus on August 19, 2019, 12:04:17 AM

Quote from: UmerIdrees on August 18, 2019, 09:33:56 PM

Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

How much Bitcoin did you receive and from where ? Also in which wallet are you holding the bitcoins ? Do you have the private key of that wallet or password of coinbase etc ?
You need to answer all these questions and if you have full control over your bitcoin, you can keep them for long term.

I don't think OP would tell the exact amount, because if he wants, he would have include that in his post.
That's a big amount for him and therefore it should be taken cared of and he need our advise.

For me, since it seems OP is not well verse with BTC yet, does not want to loss that big amount, I suggest him to stay safe, covert it, and put it in the bank as that's the only way it will be safe.

He might be holding for example 1 whole BTC, of course if he holds it will still be the same 1 BTC in the future but it's value, that's uncertain.

I think he do know what is bitcoin and he is not a newbie. He receive bitcoin on his address meaning he knows what is a btc wallet and how a btc transaction take place. If he do not need money urgently, op should not convert it to local currency. He could keep them as it is and cash them after two years when bitcoin price will be above 50K and even more.

NavI_027

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

How fortunate you are Shocked

! I wish there is someone who also send me a big amount of btc Grin

. Anyway, on the side of not placing even some of your coins to a bank (converting it first of course) hmm I don't say that it was a bad idea and I'm not saying it is a very good one. For me it was on neutral because what you did may lead you to earn profit faster but all of your money remain at risky situation. Just be wise on money management.

Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

I don't know what to do anymore, wether holding or getting it into tether. Help

Don't yet invest to altcoin because it's a little bit more complicated than btc. You'r new in here so much better if you play safe at least for now. Continue holding while learning more about crypto

. Good luck.

seoincorporation

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

The best thing you can do right now is to hold them, but do it by the safe way, for this, you must understand how a bitcoin address work. Each bitcoin address have a private key, and that key can be imported to any wallet, so, the way to keep safe your coins is to have the private key on a safe place. For this, you can print the key or print the QR code and put that paper on a safe box. Another option is to put the private key on a text file and the text file inside a zip with a password.

mandor

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

why you can really stressed about BTC? as long as you still to keep a secret key or still safe in your wallet, everyone certainly does not want to lose large amounts of money. if you want to make a big profit then it's better not to hold it for too long and don't keep it in the bank, you can exchange your BTC for USD or other coins on the market that have good potential in the future. all decisions are in your hands.

Sexaphiliac

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Why would anyone assume he meant the security of those assts when it was obvious he was more oncerned about the price? Well if you're its always advisable to store your crypto in your personal wallet not on an exchange. Once thst is done keep a close eye on price and learn some technical analysis so at least you have some sort of understanding of price movement.

lixer

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Quote from: maxreish on August 18, 2019, 08:45:01 PM

Relax, you don't have to be paranoid. You can keep your bitcoins into hardwallets. Download one in playstore if you are using an Android phone. Trezor is a good one. There are a lot of video tutorials in youtube for you to learn the step by step guide how to transfer your bitcoins into it. Paper wallets for private keys, passwords, phrase etc. That's also an important thing. Hold bitcoin until you decided to sell them at your target high price. Goodluck, buddy.

I believe the aspect of not losing that he is talking about is actually not only the aspect of security if I may get him right, but losing the value of what he presently has is another thing that is needed to be out into consideration also, yes we could use all these wonderful wallets to protect the coin because they are still the most reliable means for really keeping your coin safe.

What happens to the huge amount of money he already has now at this current bitcoin price, nobody knows the movement of bitcoin yet if we will have more decrease or more increase, so he will definitely loose the value if the market makes a dipper correction, but he might also be lucky that the market will go full blown bull, but I would have preferred that he keeps only certain percentage of it in the wallet you suggested.

Johnyz

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Where did you received that bitcoin? if you are not familiar about bitcoin then why did you accept that in the first place or if its a free money then you should start learning about bitcoin. Don't be stressed about the price of bitcoin, it always move like that all you need to do is to practice how to hold bitcoin.

Kasabus

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Quote from: UmerIdrees on August 18, 2019, 09:33:56 PM

Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

How much Bitcoin did you receive and from where ? Also in which wallet are you holding the bitcoins ? Do you have the private key of that wallet or password of coinbase etc ?
You need to answer all these questions and if you have full control over your bitcoin, you can keep them for long term.

I don't think OP would tell the exact amount, because if he wants, he would have include that in his post.
That's a big amount for him and therefore it should be taken cared of and he need our advise.

For me, since it seems OP is not well verse with BTC yet, does not want to loss that big amount, I suggest him to stay safe, covert it, and put it in the bank as that's the only way it will be safe.

He might be holding for example 1 whole BTC, of course if he holds it will still be the same 1 BTC in the future but it's value, that's uncertain.

maydna

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Perhaps, you don't have to stress about that because you can try to trade some of bitcoin so you can get another bitcoin in profit. If bitcoin price can increase higher, then you can sell some bitcoin into tether, and you can buy it again if the price is down. That will help you to make a profit in bitcoin and tether, and you can increase the amount of bitcoin and tether directly. But to do trading, you need to have skills so you can know when to buy and sell bitcoin.

I think you should buy a hardware wallet to keep your bitcoin in a safe place and don't think or take a look at the market, and you can do your work as usual. Then you can set the alarm when the price can increase so high, so you can prepare to send the bitcoin into the exchange, and you can sell it to make a profit.

UmerIdrees

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

How much Bitcoin did you receive and from where ? Also in which wallet are you holding the bitcoins ? Do you have the private key of that wallet or password of coinbase etc ?
You need to answer all these questions and if you have full control over your bitcoin, you can keep them for long term.

maxreish

sr. member

Activity: 1330

Merit: 326

Relax, you don't have to be paranoid. You can keep your bitcoins into hardwallets. Download one in playstore if you are using an Android phone. Trezor is a good one. There are a lot of video tutorials in youtube for you to learn the step by step guide how to transfer your bitcoins into it. Paper wallets for private keys, passwords, phrase etc. That's also an important thing. Hold bitcoin until you decided to sell them at your target high price. Goodluck, buddy.

Sunyoto

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Activity: 574

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for me you can hold it in the next few months with stable bitcoin price changes, so I believe you will also get a lot of benefits with stable bitcoin prices, or you can make your personal dompt while waiting for the bitcoin market price to rise, so I think your bitcoin will also remain safe

Finestream

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Activity: 3052

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Quote from: SquallLeonhart on August 18, 2019, 12:40:11 PM

Quote from: ?? on ??

If you keep put amount in bank to sales your bitcoin then it will not mush profit because bank is small benefits so you can take hold much more time then after you will got more profitable. Definitely you need take hold and save your private kyc be careful if you don't sell your bitcoin and if you want agree holding.

Private key is not even the main issue to me here from everything he said, the part I held on to most is the fact that he got a huge amount of money through btc and that might be his first time, I don’t know how long he intends keeping the money into cryptocurrency, but for now, we all still understand that cryptocurrency has a volatile market, and his coin could fall drastically in value at any point in time.

It is very risky to even have everything in cryptocurrency which makes it unsafe for him financially and even health wise because of B.p, so if I was the one, I would only sell some certain percentage of it and still risk it in bank because bank is not going to crash anytime soon I tell you, so it is still safe to keep it in our traditional bank and leave the rest in crypto.

Yes.I suggest to take time studying about crypto so you will know the advantage of holding and seeing your profits in the future.For now,you can put half of your money into a trusted bank then the other half may be good for holding.Buy a hardware wallet so that your btc will be safely stored there.

pixie85

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Quote from: Sanitough on August 16, 2019, 07:18:34 PM

Since you are new, maybe you are not aware of the price volatility of BTC, and you might loss if you failed to make a timely decision.

Or gain a lot. Out of the two the second option is more likely to happen.

Quote

Holding BTC in your wallet is investing, and therefore there is a risk that the monetary value of your BTC will drop significantly.

The chance is there but how big? We are in a bull market.

Quote

If you don't want to take the risk, you can convert that into stable coin, then withdraw if you want to leave.

No. Never convert into shit stablecoins like USDT and don't convert into shitcoins like bitcoin SV. If you want to sell sell but turn it into something you can spend. Buy a house or land or an apartment or maybe gold or silver. Don't sell for fiat if you don't know what to do with it.

SquallLeonhart

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Quote from: ?? on ??

If you keep put amount in bank to sales your bitcoin then it will not mush profit because bank is small benefits so you can take hold much more time then after you will got more profitable. Definitely you need take hold and save your private kyc be careful if you don't sell your bitcoin and if you want agree holding.

Private key is not even the main issue to me here from everything he said, the part I held on to most is the fact that he got a huge amount of money through btc and that might be his first time, I don’t know how long he intends keeping the money into cryptocurrency, but for now, we all still understand that cryptocurrency has a volatile market, and his coin could fall drastically in value at any point in time.

It is very risky to even have everything in cryptocurrency which makes it unsafe for him financially and even health wise because of B.p, so if I was the one, I would only sell some certain percentage of it and still risk it in bank because bank is not going to crash anytime soon I tell you, so it is still safe to keep it in our traditional bank and leave the rest in crypto.

peter0425

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Why on all of the cryptocurrency you have mentioned tether?you are upset for not putting into your bank but you are considering shitcoin?

And besides you didn’t clarify here what’s the point that you’re stressed in BTC ,what did bitcoin did do you that you felt something like this?mind if you tell us short story for this sentiment?

Quote from: SuperTA on August 18, 2019, 03:03:25 AM

At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

That’s what I’m am saying ,there are so many good coins in market but he had idea about putting into tether.hope Op will come back to this thread and read all our concern regarding he’s problem

shoreno

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Quote from: SuperTA on August 18, 2019, 03:03:25 AM

At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

The op said that he is afraid that his money will decrease so he is asking if tether is a good option to secure the value of his btc but he can also exchange it for usd right away .

Quote from: ?? on ??

deciding to save in the form of bitcoin is the right decision

For you yes but for the op , you can see that he is nervous based on his statements so i think saving on btc is not really suitable for him .

Quote from: ?? on ??

if you keep in the form of bitcoin then there will be two possibilities if you experience gains or losses.

Yes but the gains can rarely come than the losses because btc isnt performing good these days .

michellee

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Quote from: stupidbtcayy on August 15, 2019, 11:11:23 PM

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

If you have another money, then you can save the bitcoin in your wallet until the bitcoin price increase so high then you can keep the bitcoin. You don't have to feel stressed about bitcoin because nothing to be worried. You can also learn about trading so you can try to increase the bitcoin amount you have by buying and selling bitcoin in the market. But that will not be easy as you need to know how to analyze the price so you can make a profit.

SuperTA

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At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

Topic: Just got into BTC (Read 666 times)