Topic: My first Bitcoin (Read 1054 times)

Your experience is almost the same as mine. I used to be like that when I first bought Bitcoin and I held it even though at that time I didn't really understand how the Bitcoin market was performing, but after a few years when I looked at my balance it turned out that it had increased almost 3 times. I am very happy when my balance increases. Since then I have continued to invest in Bitcoin even though it has not always been profitable, but at least as time goes by I understand more and more when it is time to buy and sell it to make a profit. Therefore, continue to invest in potential bitcoin and altcoins especially as the current market performance is very good. never miss an opportunity to make a profit.

I still remember the first time I bought Bitcoin. Back when I am in college and learning how Bitcoin works. I also studying how the market works back then. I bought a little bitcoin like a hundred dollars and it grows up to $300. I am very happy when I earned that money and it helps me a lot, my allowance and project are paid by bitcoin. Now I am thinking to invest again and buy some bitcoin or any potential coin in the market.

One doesn't need to share their finances with anyone, it's not a good thing because it's private, and we don't share private things with anyone but we keep them as secrets with us forever. One might share their secrets with their life partner only if they trust them.
Most people make this mistake, they get too excited and in that excitement, they share their finances with others, especially if they have made an investment and got some profit, they go to their friends and everyone and share their story with everyone out of joy without realizing that they are making a mistake and one shouldn't share these things with everyone because people can have evil eyes for such things.

Actually everyone prefers to invest in Bitcoin. Investing in Bitcoin is an investment method that you can invest in Bitcoin with any amount of money you want if you want to invest. The first bitcoin investment is really a joy because for many people now investing in bitcoin is like a dream. I also had a lot of fun making my first bitcoin investment. Investing in Bitcoin is safer and more profitable than other coins. If the price of your invested Bitcoin falls, then there is nothing to be disappointed because the price of this Bitcoin will quickly recover and compensate you for that loss. If we buy and invest a large amount of bitcoins at once we may be able to make a short-term profit from that investment. If we adopt the DCA method in our Bitcoin investment then we have to have the mindset of holding our invested Bitcoins for a long period of time otherwise we will not get the expected results from our investment.

@OP you made a good decision to quit gambling and invest your money in bitcoins from where you were involved in gambling in the first place. If you were to keep gambling with your money instead of investing it in Bitcoins you might have lost your entire money at some point. Now that you are investing your money in Bitcoin, you will definitely benefit from it.

Yes, congratulation first of all to your new Bitcoin and your first ever, Bitcoin bought, looking at the image as well. It is Binance and Binance is  centralize wallet I will advise you to go for decentralized wallet, and get your back up phrase, write it down somewhere nobody can see and make sure it is confidential to anyone else.

Let the phrase just be you alone right now no need to let your friend know you can just tell your friend use your wallet don’t let him open the wallet for you or create the Wallet for you, because he can assess your wallet that is the truth.
If he know your backup phrase, he can access your wallet, what you are doing concerning bitcoin in a wallet, please let it be secret.
That is why we have secrets phrase.

Lolz. Congratulations op for making a tireless efforts to buy  and finally you have gotten it. You are welcome to the bitcoin investment group and journey to great destination. And as you said you have to move those coins to a non custodial wallet so that they will be saved and you will not afraid of anything. Bitcoin investment is one of the good thing in this dispensation but you have to be careful and security conscious because you are the target of all those internet scammers.

Electrum should do well for you. Once again congratulations and save investment journey.

Congratulations mate, you're safe with the ethereum wallet because It doesn't align permit smart inter connection with any smart system and it's a private key storage for bitcoin and other cryptocurrencies. But op, next time seek for opinion if you don't know the ways before taking actions. You've already purchased and stored your bitcoin in a wallet before you came seeking for public consents. You could be late to such situations at times if eventually you've got yourself into one of the malicious wallets that you can't recover your funds after investing. Hence I believe the third person that linked you to the industry must have got you some clues about it.

you Know what you did not gather your target Merit for this thread? because your word is contradicting .

How can you be working HARD when you have no Job?that is enough reason for us to think you are just merit farming here.

If this is true then congrats for your new job and of course for your Bitcoin investment .
Why not Add more since you are being paid 6 figures? try to consider investing more mate.

In my opinion, no one can guarantee the best or safe wallet. All wallets have their own advantages and disadvantages. Just ask yourself what kind of wallet you need.

So far, I still use Trustwallet, both in terms of user interface, user experience, multiplatform network completeness, coin completeness, access to Dapps, built-in staking capabilities, as well as integrated swap features with aggregators to get the best prices.

Since you already had a plan that you would one day buy Bitcoin and hold it as an investment. And finally since you have purchased Bitcoin it is good for you and you can earn good money from it in future. Continue your investment for a long time so that you can earn good profit from it. But you must use a wallet to keep these funds safe and secure fractions of bitcoins which is the most secure. If you are looking for a safe moneybag then surely hardware wallets will provide the most security so you can use hardware wallet it is good for you. But since you don't have much funds then you use software wallet Electrum is definitely a strong and safe wallet. But if you want, there are more secure wallets that you can use like Mycelium or Bitcoin Wallet which offer more secure wallets.

Congratulations on your first satoshis! Whenever you accumulate a larger amount of satoshis, ideally 0.01 or more, it's ideal to send it to a hardware wallet - I use Trezor. And I wish you good luck in not only collecting a lot of satoshis but also a whole Bitcoin!

Maybe what you mean by Electrum is not Electron.
Storing Bitcoin assets is recommended on dedicated Bitcoin wallets. There are many wallet options available that can be purchased and downloaded for free, but make sure the wallet you choose is truly trustworthy and has been tested by time.
Of the many types of wallets, choose the open source one because there are closed source wallet types.
Wallets that are available for free because they can be downloaded, which are called software wallets, are not all good according to research conducted by many users. So, electrum could be the right choice in our opinion for storing Bitcoin.

The software wallet also supports multiple coins. We here offer not to combine many coins that you want to store in one wallet. Separate wallets for storing Bitcoins from wallets for storing other coins.
It's even safer if you are willing to buy a cold wallet to store Bitcoin.
Never store assets on an exchange if you want to hear because exchanges are not wallets, but function for selling and buying.

I remembered my first investment in Bitcoin. At first, I was hesitant to buy because I didn't have enough money and thought I might use the money to purchase my first Bitcoin investment. That time, I made a gamble and invested my very first Bitcoin.

I congratulate you on your investment, you made the right decision. For the safety of your Bitcoin, use another wallet. I'm using Exodus because I am holding other altcoins. If you are holding only Bitcoin, use Electrum, it is safe.

First of all congratulations to you. I think if you have a lot of money or the money is lying idle then you can invest for a long time. Investing in any business, not just Bitcoin, requires fortitude to wait a long time. Due to lack of experience many times we invest in wrong place. However, investing with Electrum does not seem like a bad decision, but you should keep your passwords and personal information confidential.

I'm wondering if the OP forgot about this whole thing.  It's been more than ten days since he started the thread and there's pages of responses, but he hasn't chimed in at all. 

Makes me curious if he already picked a wallet or something without telling us.  I really hope it wasn't that "electron" one he mentioned early on! 

For now I think that's a good idea but once it goes to 0.01 and beyond, I think that it's time that you should consider using a non-custodial wallet with Electrum as being the most prominent of all because it's totally safe and you're going to learn responsibility there because you'll be able to learn how to maintain and keep a watch on your own bitcoins, it's a good thing that you finally came to your senses and started investing, remember this day because this is going to be one of the most memorable day for you and you will look back to this when bitcoin's price floor goes down to a 100k and you'll say to yourself that you should've bought more.

The world is into on the crisis. Russia and Ukraine war are continuing last two years. On the other hand in the middle east  unrest the economics crisis are gradually condensed.

For the reason of there have no any job security. The inflation of the economy day by day business situation are also unrest.

In this situation everyone needs outsourcing. As my analytical openion BTC income and investment is the best.
But as a newbie it's so difficult to earn.

I was interested to see the kind of job you do too because with earning well, your job can become someone's prayer point.

first purchase in every thing is always special. Many of us may not be able to remember how we felt the first time we invested in bitcoins.
@OP, congratulations on your first purchase, you should not stop investing just right after.

Well compared to me this is actually a good start if you ask me because I remember when I bought mine, it was during the 2022 bear market that Bitcoin was low as 19k$ and since then the little I have accumulated and earn from signature campaign here too has also made a good start up but I don't ever store my coins on CEX because there is to certainty to what will happen when one day you wake up and find out the exchange has been restricted since you don't actually have the full access to the keys to your coins in these CEX.

You are a beginner, so just start accumulating bitcoin. Since you can't buy Bitcoin at once, the best strategy is DCA. It means just accumulating bitcoin every month from your savings and holding it. For holding, you should use a non-custodial wallet like Electrum instead of storing your funds on centralised exchanges. I prefer Electrum because you just started your journey. But when you can afford it, just buy a hardware wallet to store your cryptocurrency. Whatever wallet you use, you must secure your seed phrase. Otherwise, you would lose everything.