Just got into BTC - page 3. | Bitcointalksearch.org

xvids

sr. member

Activity: 1176

Merit: 301

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

Since you are telling us that it is a big amount of money then you have to secure it and like most of the previous answer hardware wallet would be the best for you .
And since your new in crypto I think it would be best to just stick up in BTC right now .

Kakmakr

legendary

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Leading Crypto Sports Betting & Casino Platform

Ok, when you say big, is that between $1 and $100 000 or more than that. The reason why I am asking, is that some people think $500 worth of Bitcoin is a lot and when we advice them to buy a hardware wallet to store those bitcoins, then they would think it is too expensive to buy a hardware wallet that might be between $100 to $200. Roll Eyes

The cheapest option is to create your own Paper wallets and to transfer the coins to those wallets. but for the short-term and if you use these coins more frequently, I would suggest buying a Trezor or a Ledger hardware wallet. Wink

# Make sure you know how to create a secure Paper wallet, before you go that route. Wink

GreatArkansas

legendary

Activity: 2506

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

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

This is always the problem of new people getting into the Bitcoin, that's why it is much better than if you are using Bitcoin as investing, then pooya87 is right, invest what you afford to lose.
Bitcoin for will never go away, much better if you are planning to hold it for the long term, no matter how it will dump hard or pump hard then it's much better to keep your bitcoin out on an exchange, get your personal bitcoin wallets for much safer.
Don't always look at the price of Bitcoin for not worrying too much because I also experienced that before Grin

pooya87

legendary

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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

if you are worried about bitcoin then you must be 100 times more worried about altcoins specially centralized ones that are shady like Tether.

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

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

then sell a certain amount of the bitcoin you have received so that you end up with a smaller amount that you could "afford to lose". that way you are reducing the risk and your stress while still having some amount of bitcoin.
how much, depends on your personal preference.

Questat

hero member

Activity: 2982

Merit: 610

You have to decide when you don't want to risk it or not, if not, you should sell it for fiat and save the proceeds to your bank account, that is safer.
There is no reason to convert it into tether if you are not investment on BTC, but if you are willing to take the risk and decide to hold it long term, I suggest you buy a hardware wallet and keep it in a safe place, it's safer than way.

The Cryptovator

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Signature space for rent

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 think this good decision. If you could hold it for little bit longer then you might get good profit from it. Put your money into bank will not make much benefits in my opinion. I will not encourage to convert it tehter. Since you are new on crypto-currency that's why I think hold is better for you. If you could learn trading it will bring extra benefits for you. So just hold and research more what you should do in future.

antisocial77

jr. member

Activity: 378

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As others says get a hardware wallet first.about btc, dont sell it.it may fall but dont panic.halving is coimng so if it falls buy more.after 1 year you will make good profit.last choice is yours ofcourse.

malevolent

legendary

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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

Get a hardware wallet if you haven't bought one yet (Trezor), and stay away from Tether unless you trust the guys behind it.

dr_hany0

newbie

Activity: 17

Merit: 2

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

Sell all btc now add keep usd . Then after months ( when btc becomes more sheeper) buy more btc again by the same usd .

Tolosi

member

Activity: 73

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Keep your private keys safe and do nothing else.

stupidbtcayy

newbie

Activity: 1

Merit: 0

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

Topic: Just got into BTC - page 3. (Read 666 times)