The interesting thing about your great story is, you did a good thing to invest some or the rest of the money your father gave you to invest in bitcoins. And it will teach you when you find work or income to invest bitcoin with discipline and well because you have studied it and also understand it as a whole and the important factors that you must know when you do it before you have your own income, and also can increase your investment after have your own income with your previous mastery especially patience and trust in bitcoin.
and most people will use the money their father gave them for needs or pleasures mindlessly like you, and if you are successful your story will set an example for others who still only have money from their father.
Topic: My first investment for Bitcoin - page 2. (Read 423 times)
I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
That's really nice of you to have chose to invest in Bitcoin despite not having much, because that shows how much you so much believe in this decentralized digital currency called Bitcoin, because if only you can be consistent in this your investment, I'm sure you will be happy you made this decision today. But as an experience member who has been on this forum, I will advise that as you tend to accumulate more BTC, please endeavour to transfer it to a more secure wallet such as "electrum wallet", as exchanges are never always the best place to keep huge funds. 
Thank you very much, you gave me a good advice. When I start earning. When I have money. I will buy bitcoins from my friends. I would hold bitcoins with a lot of security. I will invest in Bitcoin for the long term.
If you have enough budget to buy a hardware wallet that is much better for security --go to this thread for the list of a hardware wallets.[ https://bitcointalksearch.org/topic/--5282364 ]
For a while --I know you cannot purchase a hardware wallet then you can use the safest software wallet [Electrum] that is open-source --go to this board and learn more about Electrum. [ https://bitcointalk.org/index.php?board=98.0 ]
For the strong password, @GreatArkansas explained it very well for a beginner like you, [ https://bitcointalksearch.org/topic/guide-how-to-create-a-strongsecure-password-5132378 ]
Such a good and wise decision, keep doing and you are on the right path.
I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
May your investment be successful. By investing in bitcoins, you have shown how to invest by saving your hard-earned money. You continue your investment slowly like this. I hope you find success very soon. But I want to tell you that after seeing the profit in investment, do not invest with loan later. There are many people who profit from investing in the first instance become very happy and disappointed and later invest in debt. That's why I advise you not to invest in loans. 
that is one pretty good step towards a promising career. there are so many people out there who spend their money on something short. however, you have enough good thinking to start a career in this field. After this, you need to learn more about investing, or trading if you're interested.
If I look back at where I started it all, I also started by investing and looking for airdrops to add to the assets I have on the internet. However, what you need to do right now is to increase the number of bitcoins you have little by little. You can do this by saving and buying bitcoins, trading, or trying to find jobs on the internet that pay you using crypto.
If I look back at where I started it all, I also started by investing and looking for airdrops to add to the assets I have on the internet. However, what you need to do right now is to increase the number of bitcoins you have little by little. You can do this by saving and buying bitcoins, trading, or trying to find jobs on the internet that pay you using crypto.
well, I think of it this way: buying bitcoin using a bank account charges high fees, so you have to accumulate fiat and when you see that you have a certain value in fiat and you will spend a long time without having more fiat then you can take your fiat and bitcoin purchases, now in a scenario where you have a friend who has bitcoin, so you can buy bitcoin with him and avoid the high fees charged by banks and exchanges, this is a good way to have bitcoin, however you always have to be careful, as people are not reliable, you can only buy with someone who has bitcoin and is close to your house, if he deceives you, you can report him to the police
Thank you very much, you gave me a good advice. When I start earning. When I have money. I will buy bitcoins from my friends. I would hold bitcoins with a lot of security. I will invest in Bitcoin for the long term.
No matter how small your holdings in Bitcoin, don't keep it on exchanges. I suppose, when you factor in the fee for withdrawing, it can seem counter productive if you've got small amounts. However, at the very least do it at different targets where your comfortable with paying the fee.
Some reasons to NOT keep bitcoins in online accounts like centralized exchanges.- It's not your keys, not your bitcoins
- When you need to withdraw it, you have to pay expensive withdrawal fee. Centralized exchanges over charge withdrawal fee on users.
- When you leave your bitcoins on exchanges, you will look at it too often, minute, hour, daily and by that, you probably change from holding to trading. Over trading can lead to bad decision even with Spot. At the end, you will lose part of your initial bitcoin. Worse with Leverage, you will lose most of your initial bitcoin.
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Personally, I'd rather lose a little in fees, and know that my Bitcoin is secure than holding it on the exchange for a prolonged period.
Leaving bitcoin on exchanges longer than you need to do like taking profit is bad practice. The longer time you leave it on exchanges, a more likely nightmare will come. 
well, I think of it this way: buying bitcoin using a bank account charges high fees, so you have to accumulate fiat and when you see that you have a certain value in fiat and you will spend a long time without having more fiat then you can take your fiat and bitcoin purchases, now in a scenario where you have a friend who has bitcoin, so you can buy bitcoin with him and avoid the high fees charged by banks and exchanges, this is a good way to have bitcoin, however you always have to be careful, as people are not reliable, you can only buy with someone who has bitcoin and is close to your house, if he deceives you, you can report him to the police
there is another point that I think you need to consider, start studying technical analysis, you can at least get to know which zone of low prices will be ideal for buying bitcoin, the lower you buy the better because when it goes up you will have more profit, good zones to buy bitcoin are in the 15000$, 17000$ and 20,000$, in the 24000$ it is a very problematic area, even if you intend to do hodl the advantage of buying low is very good, so always prefer to buy as low as possible
there is another point that I think you need to consider, start studying technical analysis, you can at least get to know which zone of low prices will be ideal for buying bitcoin, the lower you buy the better because when it goes up you will have more profit, good zones to buy bitcoin are in the 15000$, 17000$ and 20,000$, in the 24000$ it is a very problematic area, even if you intend to do hodl the advantage of buying low is very good, so always prefer to buy as low as possible
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I remember my friend that I’m mentoring about Bitcoin investment. He started on much lower amount which is around 10$ using his personal savings. He keeps doing it whenever he got some profit from his side hustle of selling goods. I lose track to his progress for over a year and now he is holding Bitcoin that greater to mine since he keeps accumulating using his side hustle and job profit. He said he is investing the majority of his profit after he saw that Bitcoin dump below 15k last year.
I’m so glad to see this kind of story and I hope that you will become motivated to earn more for your Bitcoin accumulation journey. Most of us here started on small amount and just level up if you become comfortable and believer of Bitcoin. Just take it slow and enjoy the ride mate!
I’m so glad to see this kind of story and I hope that you will become motivated to earn more for your Bitcoin accumulation journey. Most of us here started on small amount and just level up if you become comfortable and believer of Bitcoin. Just take it slow and enjoy the ride mate!
And from the interface of the exchange in your image I think you used kucoin which means you'll have to withdraw your coin from that exchange into your non-custodial wallet. Remember Not Your Key Not your Coin so for now I'd say you have no Bitcoin just some numbers been displayed on your exchange.
There's nothing wrong with your advice, but in the OP's case, I don't think that's enough bitcoins for the withdrawal fee. I am sure that if he follows your advice, he will bring more wealth to the exchange. And he will be shocked because the investment is not profitable, but he will lose almost half of his assets.
And from the interface of the exchange in your image I think you used kucoin which means you'll have to withdraw your coin from that exchange into your non-custodial wallet. Remember Not Your Key Not your Coin so for now I'd say you have no Bitcoin just some numbers been displayed on your exchange.
Right, I can't emphasis it enough; No matter how small your holdings in Bitcoin, don't keep it on exchanges. I suppose, when you factor in the fee for withdrawing, it can seem counter productive if you've got small amounts. However, at the very least do it at different targets where your comfortable with paying the fee. Since, new users probably need to familiarize themselves with the right way of doing it, instead of getting too comfortable, and getting stung if anything ever happens to the exchange. Personally, I'd rather lose a little in fees, and know that my Bitcoin is secure than holding it on the exchange for a prolonged period. I usually, only deposit what I'm going to take out in an exchange, and I'd recommend doing the same whenever you're purchasing Bitcoin. Maybe, holding out until you can afford higher amounts to justify the fee might also be an option.
It's not a huge amount, but it's great that you made the right decision to invest in bitcoin and not spend it lavishly. It doesn't matter how much or how little because as long as you have the will to move forward, you will find a way to get more income to invest. Bitcoin is a long-term investment, so you don't need to rush it, accumulate bitcoins whenever possible. Over time, you will be surprised with what you accumulate as well as the benefits of investing in bitcoin.
Well, that's a start, congratulations for your move.
If you want to invest low amounts of money I would recommend you to buy altcoins like Litecoin or Dogecoin, because with those ones you can move the coins paying low fees. I mean, I you try to spend the $14 you get on bitcoin you will see how the fees take a huge part of that cake.
And now you need to learn the good practices on bitcoin, because as we always see, not your keys not your coins, and isn't a good idea to leave the BTC in the exchange, so, learn about wallets, public keys, and private keys
If you want to invest low amounts of money I would recommend you to buy altcoins like Litecoin or Dogecoin, because with those ones you can move the coins paying low fees. I mean, I you try to spend the $14 you get on bitcoin you will see how the fees take a huge part of that cake.
And now you need to learn the good practices on bitcoin, because as we always see, not your keys not your coins, and isn't a good idea to leave the BTC in the exchange, so, learn about wallets, public keys, and private keys
I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
Good to have a good start on your crypto investment career but you need also to acknowledge the risk since there is no happy days always in crypto since this is a risky investment to adopt. Since you are newbie try to learn more about crypto since its not all about buy low then sell it to its higher price, you need to learn technical analysis so that your trades will got a high chance to became successful. $14.55 is good capital to start you can use this for practicing yourself on exchange and trade it on other altcoins.
Congratulations, I hope that little by little you will manage to stack enough sats and that one day you will be able to enjoy a nice capital gain on your investment!
For my part it worked well to accumulate small regular amounts in BTC, if you manage to keep them until the next bull run (I hope we will see the next one a few months after the halving of 2024 but no one really knows) it can be very profitable.
If you don't already know, I advise you to look at "safe" investment strategies like DCA for example. As long as you only use money that you accept as lost, the risk is not huge. Of course, doing an ALL IN in Bitcoin could be more risky.
Last but not least, I would advise you to get a hardware wallet if you plan to keep investing for a long time. "Not your keys, not your coins’’
Even a software wallet like Electrum will still be much more efficient in terms of security than storing your BTC on a CEX. Storing your coins on an exchange is extremely risky, and in absolute terms, as long as it's on a CEX such as Binance, Coinbase etc. you own nothing.
I wish you a successful journey with Bitcoin !
For my part it worked well to accumulate small regular amounts in BTC, if you manage to keep them until the next bull run (I hope we will see the next one a few months after the halving of 2024 but no one really knows) it can be very profitable.
If you don't already know, I advise you to look at "safe" investment strategies like DCA for example. As long as you only use money that you accept as lost, the risk is not huge. Of course, doing an ALL IN in Bitcoin could be more risky.
Last but not least, I would advise you to get a hardware wallet if you plan to keep investing for a long time. "Not your keys, not your coins’’
Even a software wallet like Electrum will still be much more efficient in terms of security than storing your BTC on a CEX. Storing your coins on an exchange is extremely risky, and in absolute terms, as long as it's on a CEX such as Binance, Coinbase etc. you own nothing.
I wish you a successful journey with Bitcoin !
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Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today.
Since you made the first investment in Bitcoin, I think you made a very good decision. Bitcoin is undoubtedly one of the best coins to invest in. But since you have invested, you must be patient. Because currently the Bitcoin market is slightly down. There may be some loss in the first stage so don't lose patience if you are patient you will surely get good reward. 
That is a good start because you have used the money your father gave you for things that can benefit you in the future. It would be even better to get a job so you have a paycheck every week or month and can use it to invest in bitcoins.
But that's okay. Everyone has their own story when they invest in bitcoin for the first time. And you can continue to invest in bitcoin when you have more money. Don't stop @OP because you still have a chance to buy bitcoin at a low price.
But that's okay. Everyone has their own story when they invest in bitcoin for the first time. And you can continue to invest in bitcoin when you have more money. Don't stop @OP because you still have a chance to buy bitcoin at a low price.
It's not about how small or big your money to invest in Bitcoin, but the successful investment will depends on your patience.
Some people can spend a lot money to buy Bitcoin, but after few days or weeks they're scared when Bitcoin price decrease for 30%, so they're sell it since they think Bitcoin will lose more in the future due to FUD.
Some people spend small amount money to buy Bitcoin and being consistent, it doesn't matter if Bitcoin price is decrease or increase from the first time they bought it. After few years later, the price skyrocketed and you will enjoy your money.
Some people can spend a lot money to buy Bitcoin, but after few days or weeks they're scared when Bitcoin price decrease for 30%, so they're sell it since they think Bitcoin will lose more in the future due to FUD.
Some people spend small amount money to buy Bitcoin and being consistent, it doesn't matter if Bitcoin price is decrease or increase from the first time they bought it. After few years later, the price skyrocketed and you will enjoy your money.
Congratulations! You've done it!
You can start big or small. The most important thing is that you made a start. That's good enough for now. Your next mission, I suppose, is to make some money to buy more Bitcoin. Are you still a student? A university graduate without a job yet? Either way, you can take simple jobs in the meantime like delivering pizza, flipping burgers, making coffee, and others and set aside a few dollars for your next Bitcoin purchase. That would be a nice addition to what your father gives you. Perhaps a slight cut on your miscellaneous expenses would also help you grow your savings a bit.
Anyway, it seems you are using a centralized platform. You can actually buy Bitcoin from non-custodial wallets. At least your Sats are sent directly to an address whose private keys are under your control, and you will also receive real ones, not just IOUs or paper Sats.
You can start big or small. The most important thing is that you made a start. That's good enough for now. Your next mission, I suppose, is to make some money to buy more Bitcoin. Are you still a student? A university graduate without a job yet? Either way, you can take simple jobs in the meantime like delivering pizza, flipping burgers, making coffee, and others and set aside a few dollars for your next Bitcoin purchase. That would be a nice addition to what your father gives you. Perhaps a slight cut on your miscellaneous expenses would also help you grow your savings a bit.
Anyway, it seems you are using a centralized platform. You can actually buy Bitcoin from non-custodial wallets. At least your Sats are sent directly to an address whose private keys are under your control, and you will also receive real ones, not just IOUs or paper Sats.
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