Newbie here, bought bitcoin, what next?

bizul

member

Activity: 1064

Merit: 22

Quote from: RafaelaFernandes on February 13, 2018, 04:34:08 AM

Hello guys, I was looking at bitcoin for a while, and now I bought 0.5 bitcoin through coinbase. Could you please advise me, what to do next?

In addition to bitcoin, as the main cryptocurrency, I suggest you invest into privacy altcoins. Privacy altcoins proved that they will always remain relevant as there is consistent market demeand. Do your research and look for open-source altcoins that are decentralized and provide true user anonymity. I recommend checking DeepOnion, which provides true anonymity by integrating Tor with OBFS4 bridges and MEEK to circumvent ISPs. The developers achieved huge milestones in a short timeframe and the future is very promising, check their development when you get a chance. Stack some ONION and join the AirDrop for more free ONION.

Matinuyasha

newbie

Activity: 1

Merit: 0

How can i buy btcoin? 😊

RMR

newbie

Activity: 41

Merit: 0

if you want you can hold and sell it when the value is getting higher or invest it.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Bitcoin is another form of money and now it depends on you that what you are willing to do with your money. People generally spend their Bitcoins to pay the bills of goods and services, trading in altcoins, investing for the long term etc. Take a deep breath and start exploring the opportunities of using your Bitcoin.

However, I would not recommend you to hold your Bitcoin on the web account, either buy hardware wallet like Trezor or generate a paper wallet to keep your Bitcoins.

RedArcher

newbie

Activity: 101

Merit: 0

Quote from: Dhanems on March 03, 2018, 08:48:30 AM

Much better to buy more altscoin while in dump the HOLD til the right time to sell..if you interested to trade.then buy low sell high..for more learning how it is utube is the best teacher.

well, I guess the best teacher is experience..or such forums as this one

still if we speak about altcoins - then yes, I agree that it's right time to jump in. As for me altcoins sometimes are more volatile than btc itself.
I exchanged part of my btc for neo couple of days ago at coinmonkey.io. neo was announced to be the only one A status coin by Weiss. So, suppose that means Something!

Dhanems

jr. member

Activity: 448

Merit: 2

Much better to buy more altscoin while in dump the HOLD til the right time to sell..if you interested to trade.then buy low sell high..for more learning how it is utube is the best teacher.

fraufreiheit

jr. member

Activity: 252

Merit: 6

The Premier Digital Asset Management Ecosystem

Quote from: jmiro1 on February 22, 2018, 02:24:42 PM

Keep it. If possible, try to buy some more. And always keep track of the value of the Bitcoin. You will know what to do.

What for should we buy more BTC, if there is a plenty of good altcoins that can be a better option for investing? Especially for a sort term. I suppose the best think to do after buying Bitcoin is analyzing the market and choosing the next coins to obtain.

RafaelaFernandes

newbie

Activity: 15

Merit: 0

Thank you so much guys for your guidance xxx
I feel lot of support here

Rocky69

newbie

Activity: 429

Merit: 0

you made a great choice by investing amount in bitcoins but challenge is how to ensure your investment multiplies many folds
Would suggest following mix and match approach

1. Do not do anything , keep adding month on month what you are comfortable with and wait for one to two years for the price of bitcoin to rise .
2.Invest in ICOs build your team and earn Alt coins through them , wait for Alt coin to appreciate sell them convert to BTC
3. Convert if you have enough bitcoins to altcoins like ETH, Ripple ,Bitcoin cash ( do lot of research) sell them convert to BTC

no one can predict what is right or wrong suggest beginners to invest only what they can afford to loose , avoid greediness and last but not te least do lot of research

vanderveld

newbie

Activity: 70

Merit: 0

Quote from: RafaelaFernandes on February 13, 2018, 04:34:08 AM

Hello guys, I was looking at bitcoin for a while, and now I bought 0.5 bitcoin through coinbase. Could you please advise me, what to do next? There are a lot of different coins out there. I watched some youtube videos, and seems, people are making money left and right with crypto...How can I turn my bitcoin into lots of profits? Huh

Will be happy for any suggestion xxx

hold them and do something else for example joining bounty program etc

Praedium

jr. member

Activity: 82

Merit: 1

Hold it, trade it, buy something, send it to someone, trade it, gamble with it. It's your money so do whatever you want with it. Personally I would trade it for another coin because the bitcoin community is very slow to innovate and h

jmiro1

member

Activity: 235

Merit: 11

Keep it. If possible, try to buy some more. And always keep track of the value of the Bitcoin. You will know what to do.

jasbill

newbie

Activity: 7

Merit: 0

Trading is not so simple. Be sure you know some basics, it's not for everyone. You need to have some strategy and rules to prevent panic.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Op has the expectation to make a big profit through bitcoin. For this the only possibility is through holding the same for a much longer time period. At least the user should hold it for five years or more to get the best out of the 0.5btc that has been bought now.

CryptoEnthused

member

Activity: 190

Merit: 15

Hope you know a lot of things about bitcoin. First thing is you should know about the things you invest in. Then when you have done that you have basically two options:

1. Investing (holding). Make fundamental analysis and invest in the coins you believe in. Hold for at least a year
2. Trading. Learn technical analysis and start trading. Just do not daytrade. Few people can make money like that.

I would recommend to leave at least a half in bitcoin

adabit56

newbie

Activity: 8

Merit: 0

1. you can invest it (hold it for future)
2. or you can trade, trading is not so simple, and there are so many crypto coins..
better try demo mode first

Digital Mutant

full member

Activity: 420

Merit: 105

Quote from: RafaelaFernandes on February 13, 2018, 04:34:08 AM

Hello guys, I was looking at bitcoin for a while, and now I bought 0.5 bitcoin through coinbase. Could you please advise me, what to do next? There are a lot of different coins out there. I watched some youtube videos, and seems, people are making money left and right with crypto...How can I turn my bitcoin into lots of profits? Huh

Will be happy for any suggestion xxx

Hi I think the question is very subjective and generic.
First of all I would say study a lot before doing anything
Then move your bitcoin to a secure wallet
Then study and DYOR again about digital assets in general and then decide if you are going to diversify your investment or hodling your bitcoins till the rest of your life

It depends by tbe purpouse of your investment that at the moment as you say is pure speculation, but maybe if you learn more and listen to veterans, follow good accounts on crypto twitter, DYOR and so on, you will find out some more from the blockchain revolution and understand the big potencial of your investment in the long therm
Good luck

bingble

newbie

Activity: 111

Merit: 0

Quote from: raoul78 on February 13, 2018, 04:51:41 AM

Crypto isn't an easy 'get rich, fast' investment. You can make nice profits but you need to take your time to read and learn about crypto. Nobody can tell you what coins you need to buy since everyone has a different investment plan.

Read a lot on this forum, especially the beginners forums.

When looking for coins to invest in look at their marketcap, at their website and read their whitepaper. Understand what the coin is used for and what it's purpose is. Don't go investing in coins because someone tells you to.
It's also a good thing to read up on understanding the charts to look for good times to buy and sell coins.

Good advice. Don't hope to be rich at one night through crypto investment. As you have bought BTC at a good price, then hold it, be patient, sell it at a nice price, then be patient waiting for a while, buy again at a lower price... Grin

paulmaritz

sr. member

Activity: 672

Merit: 274

Quote from: edhp on February 13, 2018, 10:17:57 PM

here's what you should not do - do not put it in lending platforms

Not all lending platforms are equal or scams. Lending platforms such as ETHLend, SALT and Debitum Network are legit. The scammy ones normally promise interest rate payments of 1% a day (or 30% per month), etc.

litepresence

full member

Activity: 358

Merit: 118

First of all, if you want to be a successfull you should need patience. This is the basic things for trading. Before investing money you should do research on that money. I think this is the right place to learn and improve yourslef. Just go to Trading discussion session read other post and gain knowlege. Instead of keeping all the money in sigle coin, better split into other altcoins.

I personally prefer these top 5 altcoin for investment.

1. Ethereum
2. NEO
3. XRP
4. ADA
5. IOTA

Topic: Newbie here, bought bitcoin, what next? (Read 456 times)