Topic: Newbie here, bought bitcoin, what next? - page 3. (Read 438 times)
Have you bought it recently, for less than $10k per BTC? Then the best strategy is literally to do noting. Wait for a year. However, 0.5 BTC is a significant amount, so you should think about security. Do not keep it at an exchange, better make a cold storage or buy a hardware wallet, especially if you think about buying more. Trading is another story, I'm not a trader so I'll not give advises, others will do it.
First of all make yourself sure you keep your BTC properly, dont use online wallets for that. Use Ladger Nano or Trazor as HeRetik said, if case you dont want to buy hardware wallet run Bitcoin Core on offline computer, connect it to internet in only case you want to make a transaction.
You can trade your coins on Bittrex or Polonex, you can buy not only different currencyes but also tokens, some token prices behave differently compare to BTC price, so you can make profit this way.
But actually our motto is HODL, it means keeping BTC forever
WOOOW You can trade your coins on Bittrex or Polonex, you can buy not only different currencyes but also tokens, some token prices behave differently compare to BTC price, so you can make profit this way.
But actually our motto is HODL, it means keeping BTC forever
How long will you hold your bitcoin?
In those times, it's better to do nothing. Market is bearish now. If you can wait few months, BTC will explode. Other option is to buy ETH and keep it long enough to have a pertinent profit. Good luck !
First of all make yourself sure you keep your BTC properly, dont use online wallets for that. Use Ladger Nano or Trazor as HeRetik said, if case you dont want to buy hardware wallet run Bitcoin Core on offline computer, connect it to internet in only case you want to make a transaction.
You can trade your coins on Bittrex or Polonex, you can buy not only different currencyes but also tokens, some token prices behave differently compare to BTC price, so you can make profit this way.
But actually our motto is HODL, it means keeping BTC forever
You can trade your coins on Bittrex or Polonex, you can buy not only different currencyes but also tokens, some token prices behave differently compare to BTC price, so you can make profit this way.
But actually our motto is HODL, it means keeping BTC forever
Thank you Mieszko
I'm not sure, what is altcoin?
I'm not sure, what is altcoin?
Altcoins are alternative cryptocurrencies such as Ethereum and Litecoin. If you don't know yet what altcoins are, I'd suggest staying away from them until you have read up on the matter.
Given that 0.5 BTC is no chump change, I'd recommend getting yourself a hardware wallet such as the Ledger Nano S or a Trezor.
Buy one of these wallets directly from their stores, not from any third party resellers or eBay:
https://trezor.io/
https://www.ledgerwallet.com/
For all intents and purposes, both are effectively equaly secure. Ledger is slightly cheaper. Availability may vary.
Read up on how to use a hardware wallet. Keep your wallet seed back up secure and offline. Remember that every transaction you make is irreversible. Maybe play around with small transactions before moving everything onto your hardware wallet.
Keep your money off exchanges. Stay away from cloud mining. Stay away from ICOs and alts until you really know what you're doing. Daytrading is a great way to both make and lose money. Remember that trying to get rich quick is a great way to get poor quick. Not losing money on scams and pseudo-investment is half the battle.
Okay...I understand. Better take it slow, I guess...Do you know any courses I can join, maybe?
Thank you Mieszko
I'm not sure, what is altcoin?
I'm not sure, what is altcoin?
Altcoins are alternative cryptocurrencies such as Ethereum and Litecoin. If you don't know yet what altcoins are, I'd suggest staying away from them until you have read up on the matter.
Given that 0.5 BTC is no chump change, I'd recommend getting yourself a hardware wallet such as the Ledger Nano S or a Trezor.
Buy one of these wallets directly from their stores, not from any third party resellers or eBay:
https://trezor.io/
https://www.ledgerwallet.com/
For all intents and purposes, both are effectively equaly secure. Ledger is slightly cheaper. Availability may vary.
Read up on how to use a hardware wallet. Keep your wallet seed back up secure and offline. Remember that every transaction you make is irreversible. Maybe play around with small transactions before moving everything onto your hardware wallet.
Keep your money off exchanges. Stay away from cloud mining. Stay away from ICOs and alts until you really know what you're doing. Daytrading is a great way to both make and lose money. Remember that trying to get rich quick is a great way to get poor quick. Not losing money on scams and pseudo-investment is half the battle.
There are several options:
1. Do not do anything and wait until the price of bitcona increases
2. Scalping-trading strategy that attempts to make many profits on small price
changes
3. Invest in altcoins
The last two options require a lot of knowledge. Learn as much as possible. Choose the method that's right for you. There is no single best way to earn a crypto.
1. Do not do anything and wait until the price of bitcona increases
2. Scalping-trading strategy that attempts to make many profits on small price
changes
3. Invest in altcoins
The last two options require a lot of knowledge. Learn as much as possible. Choose the method that's right for you. There is no single best way to earn a crypto.
Thank you Mieszko
I'm not sure, what is altcoin?
There are several options:
1. Do not do anything and wait until the price of bitcona increases
2. Scalping-trading strategy that attempts to make many profits on small price
changes
3. Invest in altcoins
The last two options require a lot of knowledge. Learn as much as possible. Choose the method that's right for you. There is no single best way to earn a crypto.
1. Do not do anything and wait until the price of bitcona increases
2. Scalping-trading strategy that attempts to make many profits on small price
changes
3. Invest in altcoins
The last two options require a lot of knowledge. Learn as much as possible. Choose the method that's right for you. There is no single best way to earn a crypto.
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? 
Will be happy for any suggestion xxx
Will be happy for any suggestion xxx
The way to turn Bitcoin into profit without lifting a finger is to just put the coins in a secure wallet and hold on to it for a year or more.
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.
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.
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?
Will be happy for any suggestion xxx
Will be happy for any suggestion xxx
Jump to: