Congratulations OP on achieving your dream of acquiring and holding bitcoin. This is hopefully the first step of many in the long road of acquiring and holding bitcoin. It’s nice to see someone while still in the mood of festivities, actually spend his money no matter how small on having an investment.
I think it’s also worthy to note that you should never spend/use money meant for other purposes for investing, no matter how sweet the investment deal may seem at that point.
I would also advise you to grow a thick skin and a strong heart also. There is always some level of risk attached to investments and with bitcoin, you should be ready for anything.
Topic: My First Bitcoin on the New Year Day 2023. - page 3. (Read 875 times)
Hey OP! Congratulations on receiving your first BTC ever! It may be relatively small but its value will accumulate overtime as long as you keep an eye on its price on the market. Do not worry, however, as this would be the start of your many BTCs to come. The good thing is that you started your adventure now and prepare to feel a roller-coaster of emotions in this journey.
Take precaution, however, that this kind of space does not absolutely guarantee that you will earn profit at the end of the day. Like any other investment, this requires some time, effort, and knowledge in order to maximize your profits in the end.
Take precaution, however, that this kind of space does not absolutely guarantee that you will earn profit at the end of the day. Like any other investment, this requires some time, effort, and knowledge in order to maximize your profits in the end.
congratulations on your first bitcoin purchase. I hope your investment is successful. but don't forget to move your bitcoin to your wallet to make it safer. and your choice is right, because if you don't immediately buy bitcoin, sometimes money is usually used quickly by the necessities of life, such as shopping, poya poya and so on.
Congratulations on your first bitcoin, hope you have a great journey with bitcoin. I prefer bear market participants to bull market participants.
Happy new year and have a great fresh start with bitcoin.
We are also happy for you for dreaming of storing Bitcoin since the beginning of the year. We hope your efforts to keep more Bitcoin in your wallet continue. Our advice, wherever you buy Bitcoin, do not store it in a more secure (non-custodial) wallet such as Electrum, Bitcoin Core, Blue Wallet so that your control over this valuable asset can be maintained considering the effort to collect Bitcoin little by little is not easy.
I believe his mentor knew that and explained it to him. As many said above, he only owns 0.0003BTC while Binance's withdrawal fee is currently 0.0002. So it would be unwise if he withdraws bitcoins to his personal wallet now, he will lose most of his bitcoins. I think he should accumulate more bitcoin and maybe withdraw 1 time will is more beneficial for him.
Happy new year and have a great fresh start with bitcoin.
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.
Never store assets in exchange wallets, as it can make you lose them. Congratulations my friend.Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
HAPPY NEW YEAR HODLING
We are also happy for you for dreaming of storing Bitcoin since the beginning of the year. We hope your efforts to keep more Bitcoin in your wallet continue. Our advice, wherever you buy Bitcoin, do not store it in a more secure (non-custodial) wallet such as Electrum, Bitcoin Core, Blue Wallet so that your control over this valuable asset can be maintained considering the effort to collect Bitcoin little by little is not easy.
I believe his mentor knew that and explained it to him. As many said above, he only owns 0.0003BTC while Binance's withdrawal fee is currently 0.0002. So it would be unwise if he withdraws bitcoins to his personal wallet now, he will lose most of his bitcoins. I think he should accumulate more bitcoin and maybe withdraw 1 time will is more beneficial for him.
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.
Probably someone will have already written it but it is worth reiterating and if no one had it will be there at least me, remember that when it comes to Bitcoin privacy is more important than anything else and Binance is not respectful of your privacy, there are many other services for example Bisq.
Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
Probably someone will have already written it but it is worth reiterating and if no one had it will be there at least me, remember that when it comes to Bitcoin privacy is more important than anything else and Binance is not respectful of your privacy, there are many other services for example Bisq.
Please check here https://bitcointalksearch.org/topic/how-to-re-name-default-wallet-name-in-electrum-5432443
I have seen and heard all your advices. I greet you all.
Congrats on your first bitcoin purchase and hopefully first of many!
I do hope that you plan to move bitcoin to your own non-custodial wallet, so you have complete control over your money. My suggestion is Electrum for start and then eventually a hardware wallet.
Thanks, but I got the wallet before I bought the BTC. You can check here https://bitcointalksearch.org/topic/how-to-re-name-default-wallet-name-in-electrum-5432443 I will move it to the Electrum wallet whenever I buy more.I do hope that you plan to move bitcoin to your own non-custodial wallet, so you have complete control over your money. My suggestion is Electrum for start and then eventually a hardware wallet.
I'm happy that you've reached your dream! Congratulations!
Although you didn't mention your wallet, I hope it is an open-source non-custodial wallet. I hope you're also taking the necessary security measures so that your coins that you intend to HODL will be safe.
It is Electrum. You can check here https://bitcointalksearch.org/topic/how-to-re-name-default-wallet-name-in-electrum-5432443Although you didn't mention your wallet, I hope it is an open-source non-custodial wallet. I hope you're also taking the necessary security measures so that your coins that you intend to HODL will be safe.
Well done and welcome! Take the advice of people to take that BTC out of Binance, and I urge you to find other means of getting your stash of satoshi (Bisq or even Localbitcoins is safer I would say). Then over time you build your own trusted network of P2P sellers so you can get your DCA serious.
Great time to start!
I will do that whenever I buy more. But when I checked the Bisq, it is only for laptop and desktop. It is not on Android phones. What I said on Android phone was just a Bisq notification on Android. That is I have to connect the phone to the PC software to receive notification from the PC whenever there is an information. Great time to start!
First of all congratulations on your first bitcoin purchase. I hope you buy more and then move your bitcoins to a wallet. Exchanges are not suitable for keeping that digital gold. Especially not after all that happened in 2022.
I will do that when I buy more. Thanks for the concern. This is my plan too since I have extra money this Christmas due to my huge sales on my business. The only problem was we have too many expenses on shopping spree online for our furnitures which consume most of extra budget from profit.
I understand, it is not easy for family parents to save bitcoin in their Wallets unless the family has extra business that fetch them huge income. God is your strengthKeep it up OP, DCA is the key.
What is the meaning of DCA? Op bought 0.00031254 btc around $5.17 in the current price according his screenshot. now if op want to move his btc to any non-custdial wallet or hardware wallet then maximum of his btc will be cut as exchanger withdrawal fees. so He currently won't be able to transfer these bitcoins and if he does he will lose most of his bitcoins in fees which amount of btc he boughted. so op can do that when he-she buy more btc again
You have said all. Well done DiMarxist.
I hope you have been around Bitcoin for a while and are aware of the market effects and
the volatility they bring? Just keep calm, don't panic and believe in the future of Bitcoin.
I hope you are aware that you should be looking to the long term and that you know
the concepts of HODL and DCA.
DCA - Dollar Cost Average - don't try and time the lows to buy, just buy when you can and
you average out over time your overall buy price.
I wish you well in your Bitcoin journey and your growing of your wallet balance.
I have been mentored, on offline by a professional teacher, and it is new in the forum. Thanks for the meaning of DCA. I hope you have been around Bitcoin for a while and are aware of the market effects and
the volatility they bring? Just keep calm, don't panic and believe in the future of Bitcoin.
I hope you are aware that you should be looking to the long term and that you know
the concepts of HODL and DCA.
DCA - Dollar Cost Average - don't try and time the lows to buy, just buy when you can and
you average out over time your overall buy price.
I wish you well in your Bitcoin journey and your growing of your wallet balance.
Congratulations and welcome to the Bitcoin community. It's only the beginning, and you have a long journey ahead of you. You purchased Bitcoin at a low price when it is currently trending down. When you have extra money and are dipping like this, it is a wise decision. Of course, you have to hold for a longer period of time to get a good return. That's great that you purchased from Binance; it's very popular right now for p2p transactions. However, transfer your funds to a non-custodial wallet. Seek clarification with your mentors about setting up a non-custodial wallet such as Electrum. And if you can afford it, get a hardware wallet. As a result, your funds will be more secure. Don't forget to keep your seed phrase safe as well.
Thanks you for your advice. Yes the seed is well secured. You motivate me to the core. I have seen and heard all your advices. I greet you all.
Congratulation on your first purchase in the year 2023. How much Bitcoin had you already accumulated in your stay in the cryptocurrency industry? I believe this is not your first time holding Bitcoin but still I applaud you in spending your collected money this holiday to buy Bitcoin.
(....)
It seems this is the first Bitcoin owned by the OP, as per the title.(....)
I really admire OP because just this simple act, it's a good start because later in the future, they can easily do it again and it will become a normal act for them because as per them, they mentioned investment.
Because as I experienced before, buying/accumulating Bitcoins became my normal action when it comes to investment or every time I got some extra funds in fiat, I converted it to Bitcoin.
Congratulations on your first purchase and indeed that's what you have to do especially with the current conditions where the price of bitcoin is still quite cheap so this is a pretty good first purchase.
Keep doing things like this as long as market conditions haven't improved because it can benefit you.
Keep doing things like this as long as market conditions haven't improved because it can benefit you.
I do hope that you plan to move bitcoin to your own non-custodial wallet, so you have complete control over your money. My suggestion is Electrum for start and then eventually a hardware wallet.
The fee for Binance is slightly higher and with the purchase of 0.0003 made by OP if you see the fee listed for Binance is 0.0002 then I don't think this will be too worth it. indeed moving and without keeping it on the exchange is a good thing but I think if conditions like this would be better for the OP to hold it first for a bigger purchase then this can still be done for transfers.It looks like OP needs to purchase multiple times before it will be worth transferring his holdings.
Congratulation on the first purchase @OP hope you have the patience to hold your Bitcoin until the next several halvings to feel the impact of your works. Make sure you have a diamond hand in order to resist the temptation of selling your holdings when the price crash hardly.
Congratulations on your first purchase and indeed that's what you have to do especially with the current conditions where the price of bitcoin is still quite cheap so this is a pretty good first purchase.
Keep doing things like this as long as market conditions haven't improved because it can benefit you.
Keep doing things like this as long as market conditions haven't improved because it can benefit you.
I do hope that you plan to move bitcoin to your own non-custodial wallet, so you have complete control over your money. My suggestion is Electrum for start and then eventually a hardware wallet.
The fee for Binance is slightly higher and with the purchase of 0.0003 made by OP if you see the fee listed for Binance is 0.0002 then I don't think this will be too worth it. indeed moving and without keeping it on the exchange is a good thing but I think if conditions like this would be better for the OP to hold it first for a bigger purchase then this can still be done for transfers.
Congratulation on your first purchase in the year 2023. How much Bitcoin had you already accumulated in your stay in the cryptocurrency industry? I believe this is not your first time holding Bitcoin but still I applaud you in spending your collected money this holiday to buy Bitcoin. I hope your accumulation be fruitful and I think I do not need to remind you anything since I believe you already grasp the basics of cryptocurrency if not well versed. I come to thinking that you are not new because you are able to buy Bitcoin in a platform where many of the old timers here aren't or too nervous to do so. But regardless it is not important anyway 
.
. 
Congratulations on your purchase and follow the same whenever you've got fund to buy some bitcoin. Surely you'll experience the goodness by the next new year 2024. This is the right time, because the price is low compared to the previous years and for a beginner it is good entry point. Because, you don't need to wait for much longer time period to experience the profit out of the investment.
Making your entry to the forum is another good thing, and this will help you improve yourself through the continuous learning.
Making your entry to the forum is another good thing, and this will help you improve yourself through the continuous learning.
Congratulations OP and welcome to the forum, this only the beginning. Everything has pretty much been said, I suggest you take the advice above and move your bitcoins from Binance to a non-custodial wallet. Storing your bitcoins in centralized exchanges no matter how popular they may be, it is a very risky move.
Recent events should make you withdraw all your coins to your own wallet:
Recent events should make you withdraw all your coins to your own wallet:
You are really doing well, no that you have purchased some bitcoin for yourself, you said you bought it from binance, I will advice you to withdraw the bitcoin from binance to a non custodial wallet, you shouldn't leave your bitcoin on exchange because no exchange can be trusted.
Also you should learn about wallet security if you want to withdraw your bitcoin to your non custodial wallet, make sure you backup your private key and make sure it is kept in a secure place(anywhere there is no internet connection), make sure you don't connect your wallet to anyhow websites to avoid your wallet address being hacked.
Also you should learn about wallet security if you want to withdraw your bitcoin to your non custodial wallet, make sure you backup your private key and make sure it is kept in a secure place(anywhere there is no internet connection), make sure you don't connect your wallet to anyhow websites to avoid your wallet address being hacked.
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.
Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
I have nothing to say about buying bitcoins from Binance because we saw much drama about these platforms and even the most famous ones, however as far as I can see you just used Binance to buy your bitcoins and you didn't hold anything there but still be careful about these because no matter what they say about having p2p transactions you are still using a centralized platform which can be an experience for you, but regardless of that I'm happy to see you bought your bitcoins and hope to see you are earning good profits from it soon.
Hope you're not buying this Bitcoin just for the fun of having it?
Since you're HODLing, I always advice people do invest fir long term though there are people who also hodl for a very short time and when you decide to dive into this industry, I want you to always know that problems will definitely arise a d the need for the use of the Bitcoin will arise but in all you do, make sure you don't temper with the Bitcoin you're holding and that's why I always advise that the money to be used should be money that isn't intended for something very important in the future.
Since you're HODLing, I always advice people do invest fir long term though there are people who also hodl for a very short time and when you decide to dive into this industry, I want you to always know that problems will definitely arise a d the need for the use of the Bitcoin will arise but in all you do, make sure you don't temper with the Bitcoin you're holding and that's why I always advise that the money to be used should be money that isn't intended for something very important in the future.
Step by step you will achieve your goal. Every little investment in btc is a way of indirectly building your financial freedom. Good thing you have started the year with a great decision. Am very positive you won't regret this decision rather you will be very happy with yourself in a few years to come. Congratulations and keep a positive attitude.
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.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
HAPPY NEW YEAR HODLING
Congratulations on your purchase of bitcoins! Buying bitcoins during a bear market is the easiest and most effective way to multiply your capital.
At the same time, remember to maintain control over your bitcoins. You need to ensure the safety of the seed phrase, this is the most important thing.
It should also be taken into account that this time the bear market can be very long in time.
Therefore, you may have to be patient to wait for the profit.
Congratulations and welcome to the Bitcoin community. It's only the beginning, and you have a long journey ahead of you. You purchased Bitcoin at a low price when it is currently trending down. When you have extra money and are dipping like this, it is a wise decision. Of course, you have to hold for a longer period of time to get a good return. That's great that you purchased from Binance; it's very popular right now for p2p transactions. However, transfer your funds to a non-custodial wallet. Seek clarification with your mentors about setting up a non-custodial wallet such as Electrum. And if you can afford it, get a hardware wallet. As a result, your funds will be more secure. Don't forget to keep your seed phrase safe as well.
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.
Never store assets in exchange wallets, as it can make you lose them. Congratulations my friend.Quote
[Binance] P2P Order (last 4 digit: 9520) has been completed. The seller has released 0.00031254 BTC to your P2P wallet.
I really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.
HAPPY NEW YEAR HODLING
We are also happy for you for dreaming of storing Bitcoin since the beginning of the year. We hope your efforts to keep more Bitcoin in your wallet continue. Our advice, wherever you buy Bitcoin, do not store it in a more secure (non-custodial) wallet such as Electrum, Bitcoin Core, Blue Wallet so that your control over this valuable asset can be maintained considering the effort to collect Bitcoin little by little is not easy.
Great to see this OP! You didn't spend a whole lot, more like the value of a burger or something, but the investment has to start somewhere.
I hope your first buy brings you joy and becomes something you remember for a long time as the day you've got into the world of decentralized money.
My advice for you at the start of your journey is to curb your expectations and not check the price every day.
I hope your first buy brings you joy and becomes something you remember for a long time as the day you've got into the world of decentralized money.
My advice for you at the start of your journey is to curb your expectations and not check the price every day.
Jump to: