Topic: New to Bitcoin, looking for some advice... - page 2. (Read 338 times)
Yes, if you're a long term holder then buy now when there's dip. Else buy alt coins which will be promising in future.
If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.
First of all we welcome you here secondly before going to join bitcoin you must have to learn about bitcoin in detail because I know a lot of people who quit trade and the reason behind this is that they have no such a good knowledge about bitcoin when you study bitcoin in detail so you can earn from here easily because bitcoin is also very easy to lean and there are something which are very important to learn so my advice is to learn about bitcoin.
To know more about bitcoin, first of all you should have read carefully about the thread and forum about bitcoin. and post. You will have more knowledge when you understand the fellow member of the forum. By sharing ideas at the same you should have to respect member. And join in the signature campaign.
Thanks
Well I own a house, so most of my money is in that. But I have about 15k outside of that. I don't know how much is a good amount to invest in bitcoin or other alt coins. I have had the money sitting in very low interest accounts for too long. If I had got into all this a year or two ago when I heard about it I would be doing very well now!
Its hard to know when to jump on board with bit coin as it went up so much recenty, and I dont know if I should wait longer for it to go lower?
Well I own a house, so most of my money is in that. But I have about 15k outside of that. I don't know how much is a good amount to invest in bitcoin or other alt coins. I have had the money sitting in very low interest accounts for too long. If I had got into all this a year or two ago when I heard about it I would be doing very well now!
Its hard to know when to jump on board with bit coin as it went up so much recenty, and I dont know if I should wait longer for it to go lower?
£1000 may be tiny for someone but it can also be whole life savings for someone else.
so you have to decide where on this scale you fall into. if it is not that big a deal for you, then go for it. but usually the amount that is suggested for an investment is a small amount you cut from your daily expenses like some bad habit of spending you may have. cut that and put that money in bitcoin.
so you have to decide where on this scale you fall into. if it is not that big a deal for you, then go for it. but usually the amount that is suggested for an investment is a small amount you cut from your daily expenses like some bad habit of spending you may have. cut that and put that money in bitcoin.
Well, It is the right time to invest as the price of bitcoin will rise in 2018 and many huge companies are supporting Bitcoins as their currency.
Check out here: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
Check out here: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
This is the best time to buy bitcoin ,, because another month will explode.Take a bit of your savings to invest. Then you will benefit.Another good Altcoin I think is BCH.
It is indeed the best because of the correction happen. It is not late to invest and still you can buy btc and hold for a years. I dont think on BCH good to buy but be wise in in investing in altcoin.
There were many ways to learn about bitcoin. Best way is to internet, just search on it and many will appear about bitcoin. If you want to invest on bitcoin, you need to have strategy so that you will not have loss, you should consider the market trend. How if you don't have extra money to invest, there are lots of ways offering bitcoin, just search on this forum you will learn a lot. A lot of company willing to pay just to advertise bitcoin.
Yeah the more I look into it the more it seems like gambling! I also dont want to stare at screens all day trying to work out whats going to happen. I just want to put some money in to something that looks promising and wait it out. Shame to miss the big Bitcoin rush in the last year, but it seems that it could rise more anyway.
I'm unsure as to whether to get into the various Alt coins around, but maybe some of the bigger ones arent a bad idea
I'm unsure as to whether to get into the various Alt coins around, but maybe some of the bigger ones arent a bad idea
This is the best time to buy bitcoin ,, because another month will explode.Take a bit of your savings to invest. Then you will benefit.Another good Altcoin I think is BCH.
All i can advice to you when investing in bitcoin is, you have to take the risk. Which means the higher the risk the higher the return. There are many ways to earn your profit in bitcoin and that is holding, staking, trading, lending and bounty hunting. But remember not to put all your money on cryptocurrency due to it volatility, invest only the amount you can afford to lose.
Thanks
I would like to invest in Bitoin and various Altcoins, but I will not have a lot of time to spend on this as I have to work, so I just would like to find a few good looking ones to invest in. There is so much info out there, so many conflicting opinions.
Coinbase seems like the easiest way for me to get Bitcoin right now, but I have also read many bad reviews. What do you think?
I would like to invest in Bitoin and various Altcoins, but I will not have a lot of time to spend on this as I have to work, so I just would like to find a few good looking ones to invest in. There is so much info out there, so many conflicting opinions.
Coinbase seems like the easiest way for me to get Bitcoin right now, but I have also read many bad reviews. What do you think?
If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.
Thanks. It seems that I will get more for my money on Coinbase than on Localbitcoins, even with the fees. But then there are fees when transferring to another wallet. Im finding it all a bit confusing!
My intent is to spend a certain amount on Bitcoin and then just sit on it for a while and see what happens. So I'm trying to find a simple way to buy it and then store it. Can you reccomend a the simplest/safest way to do a paper wallet?
Or do you think for the amount Im investing its ok just to use Electrum?
My intent is to spend a certain amount on Bitcoin and then just sit on it for a while and see what happens. So I'm trying to find a simple way to buy it and then store it. Can you reccomend a the simplest/safest way to do a paper wallet?
Or do you think for the amount Im investing its ok just to use Electrum?
Hi everyone
I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.
It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand? My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?
I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.
Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!!
Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?
Thanks, any advice greatly appreciated
Its too late to invest bitcoin but in other crypto you have chance because there are many cryptos who just starting but choose the good ones because if you choose a scam coins it is a tottaly waste of time.I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.
It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand? My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?
I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.
Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!!
Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?
Thanks, any advice greatly appreciated
Thanks, i am prepared to take a risk. But it seems the risk with bitcoin is less than with Altcoins, although also less chance of huge returns or losses. I would rathr play it slightly safer with bitcoins to start with.
Can someone reccomend the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?
Can someone reccomend the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?
Hey mate ! You mean buying bitcoin in UK in a physical store or online ? if online you can do research on google where to buy . There's many out there you just need to do is use your internet and research. Speaking of buying bitcoin in UK at physical store , I can't help . But try localbitcoins.com maybe you can buy there . Thanks ! Hope it helps !
Thanks for the advice
Yes I would like to invest now if possible, but I dont want to rush in and make a stupid mistake. So I just need to the find the right place to buy, and the right way to store them.
What is considered the safest wallet that is not hardware?
Also, if my plan is just to buy and leave the bitcoin there, not to trade/buy/sell then is there a safer way to store it?
Yes I would like to invest now if possible, but I dont want to rush in and make a stupid mistake. So I just need to the find the right place to buy, and the right way to store them.
What is considered the safest wallet that is not hardware?
Also, if my plan is just to buy and leave the bitcoin there, not to trade/buy/sell then is there a safer way to store it?
Thanks pinkflower, I posted at the same time as your post
I will be leaving Thailand in a couple of months, and really want to approach it as if I was in the UK. I have a UK bank where the money will come from. What is the quickest way to actually buy, without having to wit days or weeks for verification, and for exchange? Coinbase seems to be popular but the fee is high if I spend £1000
Yes a friend recommended Electrum, but I read elsewhere that for amounts above £500 that paying for something more secure is a good idea. What do you think?
I will be leaving Thailand in a couple of months, and really want to approach it as if I was in the UK. I have a UK bank where the money will come from. What is the quickest way to actually buy, without having to wit days or weeks for verification, and for exchange? Coinbase seems to be popular but the fee is high if I spend £1000
Yes a friend recommended Electrum, but I read elsewhere that for amounts above £500 that paying for something more secure is a good idea. What do you think?
These days I dont know any exchange that doesnt require verification. Try finding a seller on localbitcoins.com. There are some sellers that are willing to sell you some BTC without ID. But it wont be as high as £1000.
You can also try the marketplace/currency exchange subforum here. But be careful, there are lots of scammers.
Electrum is okay but make sure that your computer is clean and secure. But buying a hardware wallet is good too if you can afford it.
https://bitcoin.org/en/wallets/hardware/
The first thing that you need to do is create a paper wallet for safe purposes, it will keep you more safer than if you store them on a simple exchange. And then, buy those bitcoins in localbitcoins for p2p, there is nothing more safer than that.
Thanks, i am prepared to take a risk. But it seems the risk with bitcoin is less than with Altcoins, although also less chance of huge returns or losses. I would rather play it slightly safer with bitcoins to start with. Can someone recommenced the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?
Yes, you need a wallet where to store your Bitcoin otherwise you may buy Nano Ledger or similar devices if you want to be much safer. Since you are a risk taker and it seems you know what you are doing and what you want then today is the right time to get into Bitcoin as we are still in the middle of the December Dip...who knows Bitcoin may accelerate into $50,000 within next year (don't always believe me on this lol).
Also invest some of your money with reliable altcoins like Ethereum, BitcoinCash, XRP and Monero. There are now so many opportunities in the world of cryptocurrency and the best strategy is to hold them for many months and see how far has the coin has grown. Best of luck on your endeavors...sorry I really don't know how you can buy Bitcoin in the UK except maybe localbitcoins just search for more information on that either in this forum or Google.
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