Topic: My First Bitcoin on the New Year Day 2023. (Read 873 times)
I'm so happy for you that you planned well about buying bitcoin to hold because you believe that even if the money is with you, you can still spend it and that even if you spend it on buying Christmas items and other likeable objects to wear, they will not be as meaningful as investing and you may not like them in the end, so my friend, you really made a good decision and I wish you what you wished for yourself while buying the bitcoin.
But is that even possible? I mean as a newbie in any things that we do, we can't always avoid to commit a mistake but that was fine. Selling our coins at an early period of time to earn a small profit isn't even considered as a mistake. This is why there are short term investors and traders.
What is only wrong is if they buy at high and then they sell at low because they will surely lose that way but again it is part of being a newbie. They will soon realize that this was a mistake. If we are serious about long term investing then we shouldn't touch our assets or the money that we already allocated for it but we should set aside for our personal use too.
I think in this case we should be able to determine our goal in the end whether to be in long term investing or just day traders.What is only wrong is if they buy at high and then they sell at low because they will surely lose that way but again it is part of being a newbie. They will soon realize that this was a mistake. If we are serious about long term investing then we shouldn't touch our assets or the money that we already allocated for it but we should set aside for our personal use too.
Even though the conditions are slightly the same, the path taken is clearly different in this case.
When we focus on daily trading, maybe you should pay more attention to the conditions where the market is currently fluctuating and this can't be done by just studying one to two days, it's different from long-term investing. the simplicity is still the same as buying at a fairly cheap price like now and holding it until the time period we specify.
Don't make the mistake that many people do in the beginning....
They buy their first Bitcoin and then they constantly watch the price, so when they see a slight increase in the price... they sell those coins for a small profit.
Hold on to the coins as long as you can, but also convert some of your money for daily expenses into the same wallet. So instead of paying with cash.. you pay for those expenses with Bitcoin. (If they accept bitcoins)
We do this, because we need to support the companies and retailers that supports Bitcoin payments, if we don't... then they will stop accepting it.
But is that even possible? I mean as a newbie in any things that we do, we can't always avoid to commit a mistake but that was fine. Selling our coins at an early period of time to earn a small profit isn't even considered as a mistake. This is why there are short term investors and traders.They buy their first Bitcoin and then they constantly watch the price, so when they see a slight increase in the price... they sell those coins for a small profit.
Hold on to the coins as long as you can, but also convert some of your money for daily expenses into the same wallet. So instead of paying with cash.. you pay for those expenses with Bitcoin. (If they accept bitcoins)
We do this, because we need to support the companies and retailers that supports Bitcoin payments, if we don't... then they will stop accepting it.
What is only wrong is if they buy at high and then they sell at low because they will surely lose that way but again it is part of being a newbie. They will soon realize that this was a mistake. If we are serious about long term investing then we shouldn't touch our assets or the money that we already allocated for it but we should set aside for our personal use too.
Having bitcoin for the first time it feels like me having everything I needed, because it was like my problem are now solved.
It is very great to have a bitcoin investment and it nice too,but you need to know that in every investment there is a lost and profits in it so you will need to expect that but you investing in it you will not regret do it as well.
Been a first timer in having bitcoin you need to learn everything about bitcoin,you need to know the advantage and disadvantage of investing in bitcoin before you go into it properly.
Bitcoin is a mean were by you can archie what ever you want with time.
It is very great to have a bitcoin investment and it nice too,but you need to know that in every investment there is a lost and profits in it so you will need to expect that but you investing in it you will not regret do it as well.
Been a first timer in having bitcoin you need to learn everything about bitcoin,you need to know the advantage and disadvantage of investing in bitcoin before you go into it properly.
Bitcoin is a mean were by you can archie what ever you want with time.
My dream of having a wallet and hodling bitcoin BTC in the wallet has just started. My Mentor told me that I should top up the wallet whenever I have funds, so today, I used the money people gave me on the Christmas day and this morning being the new day to buy bitcoin to hodle. Because if I kept that money in my hand I would still spend it for food or clothes. Instead I decided to start the investment. I bought it from Binance which the popular exchange platform for p2p in my country.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
HAPPY NEW YEAR HODLING
I'm glad about your choice OP! You really made the right choice in investing your spare funds that you had towards Bitcoin during the Christmas Holiday.
I'm delighted to say this to you, welcome to the club!
Cheers for more accumulating in the coming future and I hope you will reap the seeds that you sow this season. Just do remember to always equip yourself with a knowledge so that you won't be doing the same frequent mistakes that the other investors did.
Welcome to this beautiful crypto world OP. I am sure that your investment will be very much profitable to you. The amount of Bitcoins you bought doesn’t matter at all, the thing that matters is that now you have become an official Bitcoin holder or investor. At beginner level, you should understand how safely you can store your bitcoins. When to sell and where to sell. I would suggest you to avoid any online wallets. If possible store your Bitcoins at Electrum. It’s easy to learn and very much safe than the online wallets and trading platform wallets. Wish you all the best mate.
Your journey starts January 1 So what do you plan to do with your cryptocurrency? Hold it forever? Hold it until Bitcoin hits the price you like? Or use it at first possibility as Bitcoin is rather popular in Central Africa and you can places to use it easily. I would suggest you to study more about security of your funds. I see you have an Android device. Try to resist downloading crap on your mobile. Happy holding!
So what do you plan to do with your cryptocurrency? Hold it forever? Hold it until Bitcoin hits the price you like? Or use it at first possibility as Bitcoin is rather popular in Central Africa and you can places to use it easily. I would suggest you to study more about security of your funds. I see you have an Android device. Try to resist downloading crap on your mobile. Happy holding! 
Patience is the key bro. Keep it up and may you hodl for fairly long duration. It may happen that you will be tensed due to the bitcoin's volatile nature. You may find that your 4000 naira turned into 3500, but keep hodling. You will see good results in the coming days as you have started the investment at pretty good point of the year and "bitcoins halving cycle closing". Definitely nicer if you push yourself every week or so to buy more and more. The advantage for your currency is the big change when crypto or fiat moves in slightly upward or downgrade. For you the change is bigger thus you can profit quickly if you are going to stick to the local currency math.
All the best for the future holdings.
All the best for the future holdings.
I was surprised to see my 0.00031254 bitcoin to be soaring when I converted it to the Fiat currency yesterday. What a nice move. I am still planning to buy more this week. According to stories, bitcoin had changed and touched many lives. The soaring really motivated me. I was very much Happy that I didn't waste my money in any other thing but in bitcoin which I will be reaping to my satisfaction in 6-7 years to come
You have seen your profit amount from the current bitcoin price spike, so that you can take your profit. But it's not over yet because this increase is only temporary, and surely later you will be more surprised to see it because, with the amount of 0.00031254 bitcoins that you bought yesterday, it will be bigger following the bitcoin price, which will be higher later. And if you currently have fiat to buy bitcoin again, you can buy bitcoin again when the bitcoin price gets a correction so you can buy it and hold it to get bigger profits later. Bitcoin is the best
Congrats for making your dream come true.
Op you have taking a nice and reasonable steps by going for Bitcoin not atcoins or tokens with aim of thinking those projects bring more profits than Bitcoin like others desperate people which mostly end up in holding die projects.now that you have purchased your first Bitcoin, I believe you never try and leave it on any exchange because exchange are not that worth trusting. It will be a opportunity if can continue topping your wallet.but my advice for you is that don't invest all your money in bitcoin thinking you can making profits at any time, that will be too risk, because I see you words like you use the money people dash to purchase Bitcoin insist of buying food. Always remember you need food for health and health is very important in life, so don't be stingy to yourself because you want you rich in future.
Op you have taking a nice and reasonable steps by going for Bitcoin not atcoins or tokens with aim of thinking those projects bring more profits than Bitcoin like others desperate people which mostly end up in holding die projects.now that you have purchased your first Bitcoin, I believe you never try and leave it on any exchange because exchange are not that worth trusting. It will be a opportunity if can continue topping your wallet.but my advice for you is that don't invest all your money in bitcoin thinking you can making profits at any time, that will be too risk, because I see you words like you use the money people dash to purchase Bitcoin insist of buying food. Always remember you need food for health and health is very important in life, so don't be stingy to yourself because you want you rich in future.
Don't make the mistake that many people do in the beginning....
They buy their first Bitcoin and then they constantly watch the price, so when they see a slight increase in the price... they sell those coins for a small profit.
Hold on to the coins as long as you can, but also convert some of your money for daily expenses into the same wallet. So instead of paying with cash.. you pay for those expenses with Bitcoin. (If they accept bitcoins)
We do this, because we need to support the companies and retailers that supports Bitcoin payments, if we don't... then they will stop accepting it.
They buy their first Bitcoin and then they constantly watch the price, so when they see a slight increase in the price... they sell those coins for a small profit.
Hold on to the coins as long as you can, but also convert some of your money for daily expenses into the same wallet. So instead of paying with cash.. you pay for those expenses with Bitcoin. (If they accept bitcoins)
We do this, because we need to support the companies and retailers that supports Bitcoin payments, if we don't... then they will stop accepting it.
congratulations on your first bitcoin purchase, good luck with your investment and good luck. and the decisions you make are good things, and useful because you are concerned with investing for your future.
if you look at the market today and you still hold your bitcoin, of course you have made a profit. and I personally feel happy if you still hold it to this day.
if you look at the market today and you still hold your bitcoin, of course you have made a profit. and I personally feel happy if you still hold it to this day.
Congratulations on holding Bitcoin early in the new year. Since you transferred and held some bitcoin at the beginning of the year, hopefully you will benefit from it. Invest in Bitcoin by following all the guidelines and precautions for Bitcoin investment. You can increase your investment amount slightly if you want. Because the market will go in a better direction in the future.
I was surprised to see my 0.00031254 bitcoin to be soaring when I converted it to the Fiat currency yesterday. What a nice move. I am still planning to buy more this week. According to stories, bitcoin had changed and touched many lives. The soaring really motivated me. I was very much Happy that I didn't waste my money in any other thing but in bitcoin which I will be reaping to my satisfaction in 6-7 years to come
Good choice.Bitcoin is the best
This must be done even though now the price has started to turn green but for DCA in this case it is still worth it.
I'm also still doing this in the last few months and this week it's still the same as usual regardless of how much it costs as long as it's not $ 30k so I think this is still very worth it to keep buying even though in this case there are still many people who keep saying they will waiting and waiting which is not very certain though.
I was surprised to see my 0.00031254 bitcoin to be soaring when I converted it to the Fiat currency yesterday. What a nice move. I am still planning to buy more this week. According to stories, bitcoin had changed and touched many lives. The soaring really motivated me. I was very much Happy that I didn't waste my money in any other thing but in bitcoin which I will be reaping to my satisfaction in 6-7 years to come
Bitcoin is the best
My dream of having a wallet and hodling bitcoin BTC in the wallet has just started. My Mentor told me that I should top up the wallet whenever I have funds, so today, I used the money people gave me on the Christmas day and this morning being the new day to buy bitcoin to hodle. Because if I kept that money in my hand I would still spend it for food or clothes. Instead I decided to start the investment. I bought it from Binance which the popular exchange platform for p2p in my country.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
HAPPY NEW YEAR HODLING
Your aim is correct. Because the current Bitcoin price has moved from a high level to a very low level. So it is absolutely right time to invest. I think you should buy Bitcoin with all the money you have now.
If we have money in our daily life, it can be spent on various activities. Like we keep part of the income in the bank and spend the rest on ourselves. We should use this right time to invest Bitcoin instead of keeping the money deposited in the bank.
Finally want to say that Bitcoin is now the biggest opportunity to invest so we can never miss its opportunity.
Congratulations, OP.
Please take good care of your satoshis and beware of scammers of all sorts, educate yourself and do not believe on gurus or invest advisors who work from telegram. This can be a very lovely community with charitable people and money to be made in a honest way. But there are also bad people who work 24/7 to steal satoshis from beginners like you.
Always do your own research and ignore unrealistic "guaranteed" returns. Good luck and happy new year.
Please take good care of your satoshis and beware of scammers of all sorts, educate yourself and do not believe on gurus or invest advisors who work from telegram. This can be a very lovely community with charitable people and money to be made in a honest way. But there are also bad people who work 24/7 to steal satoshis from beginners like you.
Always do your own research and ignore unrealistic "guaranteed" returns. Good luck and happy new year.
My dream of having a wallet and hodling bitcoin BTC in the wallet has just started. My Mentor told me that I should top up the wallet whenever I have funds, so today, I used the money people gave me on the Christmas day and this morning being the new day to buy bitcoin to hodle. Because if I kept that money in my hand I would still spend it for food or clothes. Instead I decided to start the investment. I bought it from Binance which the popular exchange platform for p2p in my country.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
Congratulations op on your purchase, i remember when I bought my first bitcoin it was really an interesting moment because i felt i have started the first step of a great journey to acquiring lots of btc in the future. Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
HAPPY NEW YEAR HODLING
(Op)the fact that the you understood that the money you used in purchasing the bitcoin can be spent for other things that are not worth spending is really good. The investment choice you made for the future is far better. But just be certain that you hodl up the coins until bitcoin reaches a promising price to sell or even hodl up till it experiences another ATH.
Welcome to the journey of Bitcoiners I hope you don't panic sell when speculations arise about the drop of the price of Bitcoin
I hope you preserve your digital gold off exchnages, if you haven't heard or read, go and check up the downfall of Mt Gox, FTX and rumoured downfall of Binance. Bad advice and decisions are also passed here at times learn to get the better onr for yourself.
Congratulations again for achieving your first, someone above suggested the use of Electrum ask questions if you don't have idea of the usage.
I hope you preserve your digital gold off exchnages, if you haven't heard or read, go and check up the downfall of Mt Gox, FTX and rumoured downfall of Binance. Bad advice and decisions are also passed here at times learn to get the better onr for yourself.
Congratulations again for achieving your first, someone above suggested the use of Electrum ask questions if you don't have idea of the usage.
And have you seen the demise of Binance, or is it still just a rumor? Did you read everyone's comment? He only owns 0.0003 BTC, and the binance withdrawal fee is 0.0002 now. If he decides to withdraw bitcoins to his Electrum wallet, he will not have many bitcoins left. I don't see a problem if he continues to leave his bitcoins on Binance, so far binance is safe.
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