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Topic: Newbie - Investing in BTC/ETH (Read 1798 times)

sr. member
Activity: 616
Merit: 250
August 15, 2017, 03:41:03 AM
#47
For you would ask me i would start a bit smaller so i will invest in ETH and just wait then sell then if i want i will buy BTC from the profit from the ETH. Smiley
sr. member
Activity: 350
Merit: 250
Bitcoin and co.
August 12, 2017, 02:20:14 AM
#46
Quote
My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

1. I really hoped you made a purchase before August 1. If yes, then you just boarded the right train.

2. Yes but I would recommend trezor bitcoin wallet to keep it really safe.

3. ETH is a good investment yes.
sr. member
Activity: 336
Merit: 260
August 12, 2017, 02:12:43 AM
#45
Wait a bit longer, price will most likely go down in the future.

Electrum is a great wallet.

You can, probably, buy ethereum at a much lower price than todays.

When people say we are in a 'bear market' it will be the time for you to buy bitcoin and ethereum, don't fear missing out, follow the market and you'll find a good entry price.
That's totally right mate!, take all the chance for you to buy bitcoin/altcoin during this period of time. Because in the end you won't regret it dude. Especially, those two had their own projection by the bitcoin/altcoin experts that they will both gonna go up this year up to next year
2018.
I suggest to buy bitcoin, because there's a huge possibility to raised up their price into $4000-$5000 before end of this year. So this is the right time to buy more stocks of bitcoin and keep it into wallet.
Moreover, the potential of bitcoin as crytocurrencies was limitless. Some altcoins wants to achieve the position of bitcoin but no one can steal it.
sr. member
Activity: 854
Merit: 252
August 12, 2017, 02:04:35 AM
#44
Wait a bit longer, price will most likely go down in the future.

Electrum is a great wallet.

You can, probably, buy ethereum at a much lower price than todays.

When people say we are in a 'bear market' it will be the time for you to buy bitcoin and ethereum, don't fear missing out, follow the market and you'll find a good entry price.
That's totally right mate!, take all the chance for you to buy bitcoin/altcoin during this period of time. Because in the end you won't regret it dude. Especially, those two had their own projection by the bitcoin/altcoin experts that they will both gonna go up this year up to next year
2018.
sr. member
Activity: 364
Merit: 252
July 26, 2017, 12:34:10 PM
#43
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

If you're looking to start with 3-4 BTC, you do have the resources for mining. You could setup a GPU mining rig for under 2 BTC to mine ethereum and alts although I wouldn't recommend it given the current profitability.

Good luck with your investment.  You can always split your purchase into smaller amounts to hedge yourself with the outcome of August 1st.
full member
Activity: 249
Merit: 100
July 25, 2017, 03:52:34 PM
#42
Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.
BTC will come down shortly, more safely buy BTC. I am worried about ETH, lately there is a lot of fishing they have lost this Coin. This affects the ETH price. That's just my prediction.



I don't think anyone can tell what will happen after 1st of August. If decided to invest money in the crypto market then I suggest don't wait but start buying in small quantity in regular intervals so that you will get a best average price. Because after 1st August if prices suddenly go up then you may not be buying it so buy some now and later some more.
My strategy for the situation in present is split my funds to 3-5 parts, use 30% for buying at now, 30% depend after August 1st and 40% keep safe money by withdraw to FIAT or holding Bitcoin in cold wallet. Because from August 1st maybe have HardFork Bitcoin and very risk if still holding Bitcoin on exchange
Good move, this strategy is worth imitating. All exchangers have warned "do not transact Bitcoin". Very risky.
Hope this is solved with soft fork. So everyone will enjoy bitcoin.

User agreement and soft fork will cope with this current issues with bitcoin, don't worry about it. The worst things is that we will lose some time while waiting the bitcoin get fixed, the rest will be promising.
legendary
Activity: 2618
Merit: 1105
July 25, 2017, 03:38:37 PM
#41
Investing in BTC would not be wise before 31st July actually, just wait and see how the market reacts and then invest on the last date of this month as it will recover hard in August. If you want to invest in ETH, it's a good choice as many bitcoiners are shifting to ETH due to its speed and smart contracts specialties and it will gain much value in the future. Even purchasing it atm and keeping until Bitcoin rises against USD is a great option.
sr. member
Activity: 338
Merit: 250
Asura – Self Sustainable eSport ecosystem
July 25, 2017, 03:11:55 PM
#40
Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.
It is the best time to buy by bitcoin or ETH because the prices of bitcoins now a days are at lowest and the prices will rise again at the normal speed which we experienced during the last month. So it is the best time to invest in BTC or ETH. Just follow the market and make good investment.
No, the price will volatile strongly before the hardfork and I believe that 30 of July will be the best time to buy bitcoin because I can ensure that bitcoin will be lower than $2200. Nobody want to hold both kinds of bitcoin because it will make the value of bitcoin decrease
hero member
Activity: 2506
Merit: 582
"CoinPoker.com"
July 25, 2017, 01:24:13 PM
#39
Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.
It is the best time to buy by bitcoin or ETH because the prices of bitcoins now a days are at lowest and the prices will rise again at the normal speed which we experienced during the last month. So it is the best time to invest in BTC or ETH. Just follow the market and make good investment.
full member
Activity: 196
Merit: 100
atun jong
July 25, 2017, 07:02:13 AM
#38
I have not understood about what bitcoin or ETH because maih di say Newbie still lay.

Need special deepening to be able to understand about matters related to it.

For my own investment I have not dared. Angry Roll Eyes
hero member
Activity: 630
Merit: 500
July 25, 2017, 06:40:43 AM
#37
If i were you, i will just go with bitcoin because it has more potential in the long run compare to ethereum that having a hard time in their security because of the different virtual criminals like hackers and so on. that keeps damaging its images that is related of the trust of the investors. If you want a safe cryptocurrency with a very low rate of getting hacked then go to bitcoin.

Those problem occuring will be surely fixed by its own dev and it is not the eth networks problem why they had been hack since the one who's gonna blame for this are the parity wallet owner and the verisatium ICO devs, and this should be the biggest lesson for those upcoming devs who wanna use ETH so that they can counter act and do perfect test on their security so that they will not be hack just like what happen to those two issue's today.
member
Activity: 94
Merit: 10
July 25, 2017, 06:22:04 AM
#36
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.


Just 5 days is there, and the price is now $2700. In just 5 days the price will drop $1000 is it possible and is there any reason to fall price suddenly. I don't think again the price will go under $2000. So you already missed the right chance to buy bitcoins. You want to wait then wait only 5 days left.
Will this happen how BTC will go down very deeply. Hardfork seems to be just an issue, and it freaks everyone out. They managed to make a mess. Politics is always not good.
hero member
Activity: 2520
Merit: 783
July 25, 2017, 05:30:09 AM
#35
If i were you, i will just go with bitcoin because it has more potential in the long run compare to ethereum that having a hard time in their security because of the different virtual criminals like hackers and so on. that keeps damaging its images that is related of the trust of the investors. If you want a safe cryptocurrency with a very low rate of getting hacked then go to bitcoin.
sr. member
Activity: 1246
Merit: 356
SOL.BIOKRIPT.COM
July 25, 2017, 05:27:32 AM
#34
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie
For me, if i'm at in your position, I will not purchased btc because we really don't know what is the exactly happening on August 1. So I will buy bitcoin after August 1.
It's up to you if you use electrum or not. The point is to use wallet that you owned the private key.
Ethereum also is good for investment because it is the 2nd in the volume marketcap.
legendary
Activity: 1148
Merit: 1006
July 25, 2017, 05:03:22 AM
#33
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.


Just 5 days is there, and the price is now $2700. In just 5 days the price will drop $1000 is it possible and is there any reason to fall price suddenly. I don't think again the price will go under $2000. So you already missed the right chance to buy bitcoins. You want to wait then wait only 5 days left.
sr. member
Activity: 728
Merit: 250
Buy, sell and store real cryptocurrencies
July 25, 2017, 04:46:57 AM
#32
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Welcome to Bitcoin, Makkie!

Here my answers to your questions:
- Would you advise on purchasing BTC now before August 1st?
Personally, I am monitoring the market and I will buy BTC when it hit $1800 to $1900 before 1st of August.
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
It is better to store your BTC in paper wallet.
- Would you say, in your opinion, ETH would be a good investment?
If it is for the long term, I will say yes. But maybe you would like to consider Antshares.
sr. member
Activity: 504
Merit: 250
InvestnTrade. Latest from the crypto space.
July 25, 2017, 03:51:42 AM
#31
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

Hi Makkie!

For your questions, I'd give you the following answers:

1. It is still safe to buy Bitcoin now until 12 hours before Aug 1

2. If Electrum allows yo to export the private keys for your BTC, then it would be a safe place for your funds during the August 1 event.

3. ETH is a good for investment but I would suggest you also consider ETC.

Also, I have sent you a private message. I hope you'd find the time reading it. Thanks!
member
Activity: 94
Merit: 10
July 24, 2017, 02:53:42 PM
#30
Now is not the time to buy BTC, but for ETH i guess. Prices of both coins might drop in couple of days or week, and after August 1st that's the only time we can surely predict what will happen.
BTC will come down shortly, more safely buy BTC. I am worried about ETH, lately there is a lot of fishing they have lost this Coin. This affects the ETH price. That's just my prediction.



I don't think anyone can tell what will happen after 1st of August. If decided to invest money in the crypto market then I suggest don't wait but start buying in small quantity in regular intervals so that you will get a best average price. Because after 1st August if prices suddenly go up then you may not be buying it so buy some now and later some more.
My strategy for the situation in present is split my funds to 3-5 parts, use 30% for buying at now, 30% depend after August 1st and 40% keep safe money by withdraw to FIAT or holding Bitcoin in cold wallet. Because from August 1st maybe have HardFork Bitcoin and very risk if still holding Bitcoin on exchange
Good move, this strategy is worth imitating. All exchangers have warned "do not transact Bitcoin". Very risky.
Hope this is solved with soft fork. So everyone will enjoy bitcoin.
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
July 24, 2017, 01:17:56 PM
#29
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie

BTC and ETH both are good but in my opinion don't buy  bitcoin now. wait few days.
And Electrum is  good wallet.I am using it and i am satisfied.
Now time to buy ETH. ETH will pump more.Also you can wait when ETH will dump,under 200$ then you can buy and hold ETH.
sr. member
Activity: 777
Merit: 251
July 24, 2017, 10:00:39 AM
#28
Hello all,

I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.

My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?

I only plan on purchasing a small amount of BTC (3-4) to start with.

If you have any books (or articles) you'd like to share that'd be a good read, please do share!

Thanks,
Makkie
If you are newbie only in this field of industry, it is much better for you to learn and study first about in bitcoin.  Know what bitcoin is, the benefits, bitcoin usages, and the features of bitcoin. About buying bitcoin you can buy any time you want whether after august or before you can buy.
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