Topic: My Bitcoin journey (Read 1166 times)
Coinbase sounds promising, i should try a new wallet to store my bitcoins but since most of the people here said that it has high fees the i guess i'll have to stick with myetherwallet. I usually participate in the altcoin section of this forum and i havent tried bitcoin campaigns in the past so myetherwallet is really helpful to me but just like coinbase. It also has high fees, taking up most of the profit that i had made. Could anyone suggest to me a good wallet with low fees?
I have been trading for 3 years and lost a lot of money with not doing research. Getting back on track now.
I got some free bitcoins today, as I crossed the threshold for a referral bonus on Coinbase - I had thought that it hadn't tracked before, but it turns out they don't include their fees in the minimum amount you need to spend to qualify for the referral bonus. So I made another small purchase this morning and the bonus (0.0007) came through almost instantly. It isn't loads, but enough to have covered the fees I've paid to Coinbase so far. If anyone wants the referral code for Coinbase please message me.
Im still curious about things i have learn here in forums.. Is there any way or any how i can earn in newbie rank?
First of all, thank you for sharing your journey. As a newbie too I got so many valuable tips already.
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
At present same goes with the blockchain wallet too. their fees are sky high and also along with the fees you have to pay additional fees which goes to miner. And above that for days your transaction will remain unconfirmed. This is going crazy will need to check some other wallet now which have faster transaction done and lesser fees.
Starting with Blockchain.info for your wallet is the best bet for you. You control the private key other than an exchange. And if there is any Bitcoin Fork, you claim your few coins since you have access to the private key.
First of all, thank you for sharing your journey. As a newbie too I got so many valuable tips already.
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
I have switched from Coinbase to GDAX.
First of all, thank you for sharing your journey. As a newbie too I got so many valuable tips already.
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
You mentioned that Coinbase had some high fees but do you need to pay less fee now yu have a desktop wallet? Or did you switch to another buying/selling site?
I can confirm that I was able to move bitcoins from my Coinbase wallet, via GDAX to the Copay wallet on my computer without any network fees! The transaction only seemed to take a few minutes, but I must admit I was slightly nervous in the time between my bitcoins leaving GDAX and arriving in Copay!
Things have been fairly quiet on the bitcoin front for me over the last few weeks - it seemed like I beat the bus by a few days! I bought some more bitcoin as it passed $10,000, as it looked like things were really taking off. A few days it hit the value I'd said I would be getting out at, so I sold some bitcoin - in hindsight that was a mistake. However, I had set myself a fixed I will sell if it hits this value - 25% above what I bought it for, and I thought I'd better stick to that hard limit, expecting the value to plummet, so I could buy some more. It turns out I am a crap trader, as now I have money sat in the GBP wallet in Coinbase, and the only thing I can do with it is buy more bitcoin, but less than I sold. I have also been having fun with faucets, and am about halfway towards the minimum withdrawal level without fees on Coinpot, although I'm not sure I will carry on with that once I have emptied that wallet.
The next step for me to get away from Coinbase, due to the high costs, although GDAX seems like a good option - as I can move my coins from Coinbase without having to pay a fee. From there I should be able to move some of my bitcoin to my Copay wallet, again without a fee, as I understand it.
The next step for me to get away from Coinbase, due to the high costs, although GDAX seems like a good option - as I can move my coins from Coinbase without having to pay a fee. From there I should be able to move some of my bitcoin to my Copay wallet, again without a fee, as I understand it.
Coinbase is the basic start for everyone one (most of us) cause it is one of the most popular and easiest for newbies but after some time we need some more that's why we move forward.
Hi! What would you recommend as the next step forward after coinbase?I've gone for a desktop wallet - Copay. It seems like you can integrate it with Coinbase to buy/sell coins, so that may be a good next step. Although I am keen to see what everyone else thinks.
After trying an online wallet, you must think on getting an offline hardware wallet. There are many advices on doing this to avoid putting your coins in risk and out of reach of hackers, scammers and typical thieves.
Coinbase is the basic start for everyone one (most of us) cause it is one of the most popular and easiest for newbies but after some time we need some more that's why we move forward.
Hi! What would you recommend as the next step forward after coinbase? Please carefully store your master seed.
That is great advice!
So far I only have bitcoin in Coinbase, so I don't have the master seed for that. However, I have been setting up some other wallets and have been making hard copies of the master seeds.
Please carefully store your master seed.
Coinbase is the basic start for everyone one (most of us) cause it is one of the most popular and easiest for newbies but after some time we need some more that's why we move forward.
I agree with some of the comments above, definitely not safe to leave your coins online [online wallets, exchanges] best to have either a Hardware Ledger or keep a paper wallet just to be safe. Exchanges and online wallets are still pretty easily hackable and people have lost shit tons of money/coins...
Interesting topic, good look. I like your plan to invest only that count of money that you can allow to lose. Are you interesting in long-term investment or trading?
If you will choose first variant — just buy and HODL/
I think trading is too difficult for newbies, it's difficult even for expiriences BTC users.
If you will choose first variant — just buy and HODL/
I think trading is too difficult for newbies, it's difficult even for expiriences BTC users. I'm interested in mid-longterm investment, rather than trading. I am happy to have slightly lower returns and have a hands off approach.
Interesting topic, good look. I like your plan to invest only that count of money that you can allow to lose. Are you interesting in long-term investment or trading?
If you will choose first variant — just buy and HODL/ I think trading is too difficult for newbies, it's difficult even for expiriences BTC users.
If you will choose first variant — just buy and HODL/
I think trading is too difficult for newbies, it's difficult even for expiriences BTC users. 
A "big moment today" my bitcoins have increased in value enough to cover the fees I paid to Coinbase!
Congratulations! These are record high prices for Bitcoin. I wonder how long it's going to take to hit $9,000. Someone in my area was predicting Bitcoin would hit $10,000 before the end of the year, and now that seems quite doable.
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