Topic: My first Bitcoin - page 3. (Read 1661 times)

I don’t know how you would be working so hard to buy Bitcoin and yet you don’t have a job! Perhaps you’re not using the right word here or perhaps doing remote jobs, earning from your skill(s), that pays wages for work done doesn’t count as a job for you.
However, you have archived something here and that is, you have a 5 figure monthly paid job and have been able to start building your portfolio. It doesn’t matter what party you bought Bitcoin from, what matters is having to make your investment, be consistent about it and ensure you’re getting them coins off the exchange to a none custodian wallet.
From the screenshot shared in OP, it seems you’re doing your accumulations on Binance and that ain’t advisable. Binance is custodian, you could try using Electrum wallet, Mycelium and a couple of others out there. Perhaps when you’re grounded enough, you could go for some hardware wallets. These ensure your in full control of your accumulations.

Currently, people are flocking to buy Bitcoin when the price is high. In the past, when the value was still low, no one wanted to invest in Bitcoin except for certain people who believed in cryptocurrencies and wallets that we could use to store Bitcoin. There are so many, but we have to choose a high security wallet for our assets, Binance is actually a market that has been around for a long time and is trusted for exchanging Bitcoin and other altcoins, but for a Bitcoin wallet we have to use Electrum Bitcoin as you said, and later if you want to sell it again you can using binance markets.

Don't despair, there are many ways to actually get BTC, it doesn't go directly to BTC but to existing altcoins, for example you take part in the airdrop and if you make money you can set aside to buy BTC,
Don't worry, friend, anything can be done if you keep trying and don't be lazy in looking for information about the crypto world

Congratulations to the OP, but I must say that the binance is an exchange and it's not a nice place to keep Bitcoin, because its non custodian and it's an exchange. OP already know of an Electrum Bitcoin wallet so it's more safer for the OP to store his Bitcoin in a electrum wallet for safety purpose.

First of all congratulation to your first , Bitcoin, and it is Safe to save your bitcoin and that particular wallet because it is looking like the Binance bitcoin is really profitable and it is a plus to you. That is why I keep on telling people if you have any opportunity of investing on bitcoin just proceed you can just leave the money on Bitcoin. No need to withdraw unless your income won’t be enough for you then you can now  use of the money you invested in  bitcoin is just a future cryptocurrency that we grow massively what we didn’t think of

A person with no knowledge about bitcoin can never keep it for many years, which really sounds absurd unless he invested a small amount in bitcoin and accidentally forgot his investment. Even experienced investors who have witnessed bitcoin's fluctuations will not be able to avoid panic every time bitcoin has strong fluctuations, let alone those who have no knowledge about bitcoin.
Holding bitcoin may sound easy, but to be honest, it is not easy to hold for many years until profits are realized, let alone be able to hold until profits double three times.

I was also curious if OP continue to add more to his investment and whether he had found the right wallet to hold all his bitcoins. If OP continue to hold his BTC investment at the current btc price of $71k, the $110 investment last January, it's value by now would be more than $170. A good profit for holding for a few months. What more if he continue to invest and hold it.

I wonder how you managed to keep holding your Bitcoins for years in those times because most people who either bought or earned Bitcoin used to sell them quickly after that as soon as they saw a good price. After all, no one knew that Bitcoin was going to perform exceptionally well in the future and it will reach an all-time high of $69k in 2021.

Even though I had some Bitcoin back in the day I never held them, I sold them all way before the price reached $69k or even $50k. When I first came to know about Bitcoin, its price was less than $1,000 but unfortunately, I was a student back then and I didn't have funds to be able to buy Bitcoin and I also didn't know much about it, after some research and learning I came to know what it is.

you have invested good enough mate , that is best for you to keep holding the whole  amount and better to add more time by time mate .
it is good that you know about this investment you decided in perfect timing.


cold wallet mate , best to keep that safer than just online wallet.

I can always relate to such things. I remember the first time when I converted my earned Bitcoins to fiat and bought something for myself, everyone in the family were shocked and surprised because they used to think I was playing games on my computer all the time while I was working and accumulating Bitcoin from here and there, and when I finally sold them and bought myself a treat, it was surprising for them all.

I was extremely proud as well because it was the first time when I had bought something for myself with my own money and didn't take money from my parents or elders to buy what I wanted. Whenever I looked at it, it made me smile because I used to realize that it is mine and I bought it with money that I earned myself. It is a great feeling.

It has been a couple of months now since OP created this thread and started crypto investing in crypto, I wonder how it is right now did OP continue to invest ( add up more), hold the first investment or did OP already sold it when the price hits a new ATH.
But this really made us remember the good old days when we were just starting on our crypto journey, I was really proud and happy back then everytime that I would earn even a small amount.

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.