Topic: My First Purchases of Bitcoin (Read 741 times)
Although the price of Bitcoin has been falling, there have been people buying it. But it really takes a lot of courage to buy bitcoin for the first time now. Thank you for believing in Bitcoin so much. Buying Bitcoin now and planning for the long-term investment is the right thing to do. Looking forward to more excitement from you in the cryptocurrency world.
I was very happy to buy Bitcoin today . Since I am new in the crypto ecosystem I used $5.41 to purchase Bitcoin which is equivalent to 0.00032258 BTC and I am planning to buy more.
I can feel how it is mate when I also purchase my first Bitcoin back in the days , I actually have no total idea where to buy but searching internet and a understanding I also Bought my first bitcoin amounting 0.008 those day (as bitcoin is still at 4k that time)Hoping that you will continue buying and add more and more as long as you have funds available in your pocket to risk for.
Congratulations to your first purchase , it is always happy to see more of your kind mate.
You've gone one step further from not knowing what Bitcoin is to having a few Bitcoins gracing your wallet, glad to see you've made your first Bitcoin purchase. Keep buying little by little at a later stage because Bitcoin has a chance to become a field where you can earn a lot of profit in the long term.
Bitcoin has been widely trusted by the majority of cryptocurrency investors and has the support of several large companies, Bitcoin has even been legalized as a means of payment in several countries such as El Salvador. Bitcoin is a very limited investment asset and is not just printed, so speculatively it is very promising to be used as a long-term investment.
Bitcoin has been widely trusted by the majority of cryptocurrency investors and has the support of several large companies, Bitcoin has even been legalized as a means of payment in several countries such as El Salvador. Bitcoin is a very limited investment asset and is not just printed, so speculatively it is very promising to be used as a long-term investment.
I was very happy to buy Bitcoin today . Since I am new in the crypto ecosystem I used $5.41 to purchase Bitcoin which is equivalent to 0.00032258 BTC and I am planning to buy more. And I am investing for a long term investment. Happy first purchase.
It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
Congratulations you have bought your first Bitcoin in your life and started your investment journey from here. I always wish you the best in your investment journey.You have taken a very nice step.If you can buy and invest bitcoins during the dumping period of bitcoins and hold them for a long period of time, you will definitely own a lot of money at one time.Bitcoin's bad situation won't last long. So those of you who are interested in investing can invest right now like this OP. It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
I was very happy to buy Bitcoin today . Since I am new in the crypto ecosystem I used $5.41 to purchase Bitcoin which is equivalent to 0.00032258 BTC and I am planning to buy more. And I am investing for a long term investment. Happy first purchase.
It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
When it comes to bears and bulls, especially for newbie investors and even experienced investors is the fact that, weak hands or investors tends to shy away from any Bitcoin investment despite the fact that, its in a bear market and your supposed to buy low, most people just be reluctant. Given the uncertainty of bear markets as either, your dip might just turn put to be you to have bought early and you can't really place it when the bulls would come. Also, most people expects a crash and so they keep off, while observing on the sidelines.It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
Others just wait for the bulls, buys highs and still get to hodl if they could or perhaps sell after making some profits. The bulls sends a signal that eliminates the possibility of lose and that's what people want.
Having you @OP take this stand, I would say your doing a good thing for your investment, it might might seem small but mega things are built out of small things and besides, you just might be sticking to the policy of using spare cash. Its good, keep it up.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
One thing is to invest, and another is to adhere to privacy tips to protect your investment from scammers and avoid being hacked. Bitcoin, being decentralized, is not managed and regulated by any government body, so you can't hold any organization responsible if you lose your investment to scammers; you are totally in charge of your assets and whatever happens to them. One thing I should remind you of again is that the security of your token is in your hands.
I find these security tips helpful, so I think it is wise to share them with you too:
https://bitcointalksearch.org/topic/--5280274
Congratulations 🎉 on your first buy...
Dr.Bitcoin_Strange 👺
I find these security tips helpful, so I think it is wise to share them with you too:
https://bitcointalksearch.org/topic/--5280274
Congratulations 🎉 on your first buy...
Dr.Bitcoin_Strange 👺
Congratulations to you on your first bitcoin you got for a good price, you are very lucky that you are entering this market and bought your first bitcoins when the market is in a good situation for buys and you bought bitcoin for a fair price so you can hold it as an investment asset for yourself, but just a some a few suggestions in think you can start reaching for a bitcoin wallet to hold the bitcoins you're got and then you start getting familiar with bitcoin itself and the bitcoin transactions to know how they work.
The bear shouldn't be a barrier to you or limitations of not holding BTC because I believe with the time you get yourself familiarized with the purchase of bitcoin it would also makes you to be active in reading many news and to study more because you have also participated in holdings.
So lastly endeavor to be buying gradually maybe at every end of the weeks or months before you knew you have invested heavily and when you would start reaping you get amazed with your efforts.
Congratulations 🎊 for your first purchase!
So lastly endeavor to be buying gradually maybe at every end of the weeks or months before you knew you have invested heavily and when you would start reaping you get amazed with your efforts.
Congratulations 🎊 for your first purchase!
I was very happy to buy Bitcoin today . Since I am new in the crypto ecosystem I used $5.41 to purchase Bitcoin which is equivalent to 0.00032258 BTC and I am planning to buy more. And I am investing for a long term investment. Happy first purchase.
It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
A big congratulations on your first Crypto purchase and Welcome to the Crypto Space. Accomodating Bitcoin now is a very wise decision. Although, the price of Bitcoin is not predictable, which probably means it might still dip, but you just have to keep your head up and buy more. The bear market shouldn't scare you. it quite certain that Bitcoin is the future, and those investing In it now won't regret but rather make a good fortune out of it. It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
Congratulations OP. Am always happy when I see new beginners in crypto, take their first step into investing in bitcoin no matter how little it is. This is a step to secure the future indirectly. This step you took was how the early investors invested in bitcoin way back. They invested the little they have and got bytes of bitcoin, and that byte got profits for them.
Investing a small amount in bitcoin requires patience to see it succeed. It is better to hodl it outside the exchange than have it stock on the exchange you purchased it
Investing a small amount in bitcoin requires patience to see it succeed. It is better to hodl it outside the exchange than have it stock on the exchange you purchased it
Masha Allah bro you are the Bitcoiner now haha 🤣 never mind in future you are going to admire it. Well that good everyone now knows how to secure their future. #we can call it the freedom moment here.
I was very happy to buy Bitcoin today . Since I am new in the crypto ecosystem I used $5.41 to purchase Bitcoin which is equivalent to 0.00032258 BTC and I am planning to buy more. And I am investing for a long term investment. Happy first purchase.
It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
...
It is not easy for someone to buy bitcoin because of the bear market at this time but I picked courage and bought it.
...
you've done the right thing, buying in a bear market is a wise decision, don't be like a beginner (who buys bitcoin during a bull market) who doesn't want to learn from the experiences of others.
in the long-term, the value of your investment will definitely increase many times and if you have extra money, buy it again soon, don't miss the moment (this bearish market).
You should not be scared of the bear market because it is just for a little while and if you keep investing and buying more holdings then I'm due time you will be a millionaire when Bitcoin commence the bull run. ~snip~
No! There is no guarantee. Stop saying stupid things about getting rich with bitcoin. It won't make them smart; instead, it fools them. If Bitcoin guaranteed you to become a millionaire, I'm sure Satoshi would have said early. 
I don't think so, although I'm not particularly familiar with all the options these days. I don't really use exchanges all that often. Yeah, definitely agree on that, I think the majority would agree on moving them as soon as it's feasible.
I know that some CEXs give certain benefits to those who invest and keep their tokens on exchange, and one of the benefits is a lower withdraw/service fee or a higher percentage of earnings from referrals. To me, it is unethical to say the least and I think it should be forbidden for CEX to create their own tokens and manipulate their clients in that way.
What I'm hoping for is exchanges in the future just drop wallet support, and have a sort of system that just sends you the Bitcoin to your external address you own, as soon as they recieve the funds via fiat. That way, there's no option of storing the Bitcoin on their centralised exchange, which would avoid most problems when things like this happen, at least it would protect a large portion of users from losing their Bitcoin. It can be done, and there have been websites that have done this, they just charged a service fee like normal.
~snip~
~snip~
That would be something that would definitively change the way CEX works today, but not only do they not want it, it is also a much bigger problem that many investors have a completely wrong idea that CEX is actually some kind of crypto banks. As long as people think in that way, it is unlikely that anything will change, and that in some way corresponds to CEX, who actually have a huge amount of crypto assets under their control and can do whatever they want without the knowledge of their clients. Quadriga is perhaps the best example of such abuse, but also many smaller CEXs that have performed classic exit scams in the last 5-6 years.
You did well OP to buy bitcoin during this bear market for not so many person can take this bold step to invest. You should not be scared at the challenge Bitcoin is going through due to inflation because there will be a light at the end of the tunnel.
Bitcoin will hit the bull market again so you need to keep on buying at this stage so that before the bear market will be over you must have accumulated more Bitcoin for yourself and you will be smiling during the Bull market if you are patient enough. Try to keep your bitcoin safe from hackers by storing your coins in a cold storage wallet.
Congrats DaNNy
Bitcoin will hit the bull market again so you need to keep on buying at this stage so that before the bear market will be over you must have accumulated more Bitcoin for yourself and you will be smiling during the Bull market if you are patient enough. Try to keep your bitcoin safe from hackers by storing your coins in a cold storage wallet.
Congrats DaNNy
Congratulations @OP on your bitcoin purchase.
After this, you can make your second purchase but make sure you buy when the price drops.
I agree with your plan to make bitcoin a long term investment because that way, you have plenty of time to buy more and hold it until your target is reached.
The current state of the market gives you the opportunity to get more bitcoins for a certain amount of money and it looks like this condition will continue.
After this, you can make your second purchase but make sure you buy when the price drops.
I agree with your plan to make bitcoin a long term investment because that way, you have plenty of time to buy more and hold it until your target is reached.
The current state of the market gives you the opportunity to get more bitcoins for a certain amount of money and it looks like this condition will continue.
Congratulations OP. A brave step in the right direction. As a newbie and someone who is interested in long term investment, I would suggest that you consider DCAing. As you already know we are in a bear market and the DCA(Dollar Cost Averaging) strategy would help you invest at your pace. For example if you have 20000 Nigerian Naira, you may decide to put 5000 Nigerian Naira in the first month, another 5000 Nigerian Naira in the second month, 4000 Nigerian Naira in the third month and so on. And when we enter the bull market you may decide to do the opposite-taking profit. Wishing you the very best in your crypto journey.
Did you (OP) feel nervous when buying for the first time?
this reminds me of my first purchase on bitcoin. I also made my first purchase in small quantities. because the first purchase is intended for a trial. And I was nervous at that time. and after successful then I bought with a larger nominal on the second try. and now I routinely make purchases every week. I collect little by little for investment in the long term. and I keep it in a special wallet. And I think you got lucky starting out in a bear market. because now is the time to shop.
this reminds me of my first purchase on bitcoin. I also made my first purchase in small quantities. because the first purchase is intended for a trial. And I was nervous at that time. and after successful then I bought with a larger nominal on the second try. and now I routinely make purchases every week. I collect little by little for investment in the long term. and I keep it in a special wallet. And I think you got lucky starting out in a bear market. because now is the time to shop.
You should not be scared of the bear market because it is just for a little while and if you keep investing and buying more holdings then I'm due time you will be a millionaire when Bitcoin commence the bull run.
I don't think he was scared, if he was scared he wouldn't have bought bitcoin and has a long term plan. Never tell newbies that investing in bitcoin will make us millionaires, bitcoin can't make us millionaires. As a matter of fact, Bitcoin just gives us the chance to have a better life than we had before.
Also, hope OP is also aware of the risks of investing in bitcoin, Bitcoin is not always a profitable asset, there is always a risk so learn to take risks when thinking about profits. By the way, congratulations OP on your first investment, hope you find joy and success investing in bitcoin.
Congratulations for your first purchase of Bitcoin and your screenshots looks like you bought bitcoin from p2p trading and used fiat money . it is really a good time to bought bitcoin because now bitcoin in a huge dip and due to bad news of FTX exchange The prices of all coins, including Bitcoin, have fallen at an extraordinary rate. But it doesn't seem that the price of Bitcoin can fall below 15k so this is a right time for you to buy Bitcoin even if you are new to Bitcoin. good luck for you op
He can always DCA if the price of Bitcoin goes down. The current crash of Bitcoin price enable the OP to buy more Bitcoin. I think OP isn't new in the industry although it is his first time buying BTC, he has knowledge about what is going on since he has another thread that encourages his pastor to buy BTC, even saying that the pastor is under his guidance. Here is the said thread: I Taught a Pastor Friend on Bitcoin.
It may also be that he already has knowledge about Cryptocurrency but he was not ready to invest here but now he has got some interest to invest and he invested only 5 dollar bitcoin on his behalf though not very much as it is his first time. Investment is a big deal for him if I speak for myself I started investing only 2 dollars so I respect the op's work very much.
Jump to: