My First Bitcoin on the New Year Day 2023. - page 4.

klidex

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Quote from: DiMarxist on January 01, 2023, 04:26:41 AM

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.

Congratulations on your first purchase and investment in Bitcoin.
Hopefully in the future you can continue to be consistent in investing in adding Bitcoin assets even if only in small amounts. Always be sure that no matter how small you collect, if you succeed consistently in the long term, it can become something of value in large quantities.
A little advice from me, Keep holding fast and your faith in investing.
Whatever will happen in the future if Bitcoin has decreased in price, keep it until your target is met, because basically investing is saving an asset for a certain time or long term.

OgNasty

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Maybe don’t spend all the money you would have spent on food on Bitcoin, but I like your spirit. Before you know it you will have holes in your underwear, nothing in your cabinets, but a wallet with a whole coin in it.

Joking of course, but you can see how such a thing can start happening if you go hard on the stacking. Just don’t forget to have yourself some fun along the way too.

CryptSafe

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Quote from: DiMarxist on January 01, 2023, 04:26:41 AM

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 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 first bitcoin purchase on the first day of January and a happy new year to you. I believe it must have been a tough decision for you to make forgoing your possible satisfaction from your pleasure or having fun this festive season. It is a good decision you have made to have purchased bitcoin to hodle for the time being until you deemed it fit collecting profit. Looking at the market trend, you would see it is bearish which should tell you that it is time you take advantage of the market buying more bitcoin as the price is currently down while waiting for bullrun. If you can, purchase more as you have said your mentor encouraged you to buy more when you have spare cash doing so will give you a edge over the market but do not forget " not your keys not your coin" so therefore do well to always transfer your assets to your private wallet in which you have custody of the private key phrase.

Oceat

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Quote from: DiMarxist on January 01, 2023, 04:26:41 AM

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 really like the forum for the love showing to me and for the straight and nice answers. Love you GUYS.

HAPPY NEW YEAR HODLING

Let me just quote so that everyone could see the image.

Make sure you are the only one knows about the private key of your wallet and never share it to other people if you don't trust them 100%. Your Bitcoin wallet is like your real life wallet, once someone knew about the private key of your wallet it's like you are sharing your wallet to them. It should be your personal or treat it like that as it should since you are now your own bank if you keep collecting BTC you will one day earn a good profit from it.

Now, you have to learn more about the market if you want to make a profit about of your investment since I assume you don't know yet how the market works. But if your mentor helps you a lot to understand the market then that's better but try to read and do some research too. You might discover some interesting topic and as well as to avoid scam if you know how they tried to scam people.

aoluain

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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.

akuntester1

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Quote from: DiMarxist on January 01, 2023, 04:26:41 AM

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.

Congratulations on your first Bitcoin purchase OP.
Hopefully you can continue to be consistent to set aside little by little your money to buy Bitcoin.
I hope you can learn a lot from your mentor and stay updated about Bitcoin in this forum.
The more our knowledge and understanding will be very useful in managing our investment assets.

I suggest you also don't forget to set aside some of your cash for your emergency fund.
Just in case you need cash urgently,
so you don't need to take your investment in Bitcoin if you haven't accumulated a lot.
I'm just reminding you to be wise in managing the money you have.
Keep spirit and continue to be consistent to invest bro.

uneng

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Well done! Keep accumulating more satoshis always you have an opportunity of doing so. Try saving a portion of your wage to buy bitcoin every month or every week. Draw a goal to be achieved in bitcoin holdings this year. I expect in 1 or 2 years your effort will be rewarded. Next bull run has potential to drive your currently holdings to 200% profit, being conservative on my prediction.

coinerer

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Quote from: Rikafip on January 01, 2023, 04:38:32 AM

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.

Congrats to op for purchase Bitcoin in 1st days of the new year 2023

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

sunsilk

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Congratulations!

You just did well for the first step and that's to initiate and buy as a start. There are other people that have been telling that they'll start buying but eventually, they've forgotten what they've planned and what they have to do.

It's because that they're thinking that bitcoin is expensive even if it has fallen around 60% since the last bull run. But little did they know that accumulation is at the phase again.

Keep it up OP, DCA is the key.

Coin_trader

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Congratulations on your first purchase. This the most exciting part of being Bitcoin holder and the rest is already pure thinking on when will the price pump or fear during dump. Purchasing first Bitcoin is the most memorable event on Bitcoin holder life.

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.

Iranus

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Congratulations on getting your first bitcoins and even more glad you picked the right time to buy bitcoins. I mean new year + new opportunity(bitcoin). Hopefully by the end of the year, I will hear your success story on this forum.

Quote from: Falconer on January 01, 2023, 06:18:52 AM

Quote from: Rikafip on January 01, 2023, 04:38:32 AM

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 current withdrawal fee to bitcoin wallet from binance exchange is 0.0002 btc, so if the OP wants to withdraw it to non-custodial wallet then of course he will only receive around 0.00011254 bitcoin after deducting the withdrawal fee. I don't think the OP should be doing it now as his current bitcoin value is no more than $6, but if the OP has $60, $100, or higher then I would also suggest he do so.

I agree, I know this is OP's first bitcoin, it's as precious as our first bitcoin, but for that small amount, he should keep leaving them on binance instead of withdrawing to non-custodial wallet. Currently, Binance is also safe and has not had any problems, withdrawing bitcoin only makes him more frustrated because the transaction fees are too high.

yazher

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You own the pen

You are one of the lucky guys to do it at the right time because the price will gonna rise once it will gonna recovers from this crypto market crisis caused by some filthy exchanges that were taking advantage of their users. if everything will settle and clarified for the new investors, then we will gonna move on and start to invest one after another again, and hopefully, after that, the big companies will follow the big crowds of investors because the price will surely rise when that happened. Now is the time for patience and perseverance and only strong mindsets will remain to hold their bitcoins until the next bull runs will come.

Wiwo

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This is a commendable move ops and as you can see the reality of things already with centralized exchanges, and the risk of having large funds on centralized exchange but there is no, doubt the fact that exchanges provide essential services to bitcoin adoption and at that the risk associated with them and how the risks can be managed by not leaving your funds on them. So as you accumulate more bitcoin, you should make sure to send them to your personal wallet if possible cold wallets. Haven't decided to use your monetary gifts to buy bitcoin am sure you are in for a long-term base and at that, you should have the mentality of steel hands to hold for the long-term base.

drwhobox

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- hello doctor who box

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.

buwaytress

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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!

salad daging

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Bitcoin To The Moon 📈📈📈

This is a good start where you have bought bitcoin for the first time, I think every time you have the funds in possession then this can earn bitcoin consistently to keep investing in bitcoin and I also continue to buy bitcoin gradually or what is called DCA.

At the beginning of 2023 the bitcoin price is still low this is still your opportunity to buy bitcoin at the base price before bitcoin will recover and reach ATH again, I hope that starting this year will be a whole year where you will continue to earn bitcoin from regular purchases.

So congrats on a great start with your first purchase.
This person also made his first bitcoin purchase in October: My First Bitcoin Purchase.

Quote from: Falconer on January 01, 2023, 06:18:52 AM

Quote from: Rikafip on January 01, 2023, 04:38:32 AM

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 current withdrawal fee to bitcoin wallet from binance exchange is 0.0002 btc, so if the OP wants to withdraw it to non-custodial wallet then of course he will only receive around 0.00011254 bitcoin after deducting the withdrawal fee. I don't think the OP should be doing it now as his current bitcoin value is no more than $6, but if the OP has $60, $100, or higher then I would also suggest he do so.

Since it's a small initial investment there's no way the OP would do it right away, maybe he should at least hold on to the exchange until the fund reaches $30-$50 after which he can withdraw it to a non-custodial wallet that has his own control.

To the OP, don't put too much faith in keeping assets on the exchange, it will be risky, even if later for every $50 purchase it's better to withdraw it directly to a non-custodial wallet.

Darker45

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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.

On a side note, though, I wish you would find a better place to trade P2P. Binance, of course, is popular. It offers P2P. But you have to be aware that P2P means peer to peer, meaning, the transaction doesn't have a third party in between. I'm afraid this isn't the case with Binance. Instead of P2P, Binance's version is like P2B2P because Binance (B) is in the middle and it can do a lot things from there. The bottom line is that the very essence of P2P is defeated. You might want to raise this with your mentor. Meanwhile, you might want to browse the list provided at https://kycnot.me/.

Falconer

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Quote from: Rikafip on January 01, 2023, 04:38:32 AM

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 current withdrawal fee to bitcoin wallet from binance exchange is 0.0002 btc, so if the OP wants to withdraw it to non-custodial wallet then of course he will only receive around 0.00011254 bitcoin after deducting the withdrawal fee. I don't think the OP should be doing it now as his current bitcoin value is no more than $6, but if the OP has $60, $100, or higher then I would also suggest he do so.

Fiatless

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Quote from: Rikafip on January 01, 2023, 04:38:32 AM

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.

These exchanges have disappointed many people in recent times. Many people have lost money they kept in these exchanges. So to make your investment safe and protected ensure you transfer your funds to a decentralized exchange. I am also hoping to buy mine in a few months if I can be able to earn extra money from my job because currently, the cost of leaving is very high that I can hardly save a penny. I would heed the advice of Rikafip to store my funds in an Electrum wallet, so I have decided to download and study the wallet. Nevertheless, congratulations friend.

Pouvoirp

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Buying bitcoin is always a great idea and a good investment.
But I want you to know that in every investment there's always a risk.
It is always advised to buy what you can afford to lose.
It is a festive season, don't forget to have fun as well.
Also, don't forget to transfer your Bitcoin to your wallet.
Binance is not a wallet but an exchange platform.
Happy new year to you too.

Topic: My First Bitcoin on the New Year Day 2023. - page 4. (Read 875 times)