Hi everyone, been around a couple of days. New to making or earning bitcoin too.
Now,looking around, I discovered the best way to get bitcoin for a beginner is signature campaigns, unfortunately, newbies aren't allowed in, not fair because I need to really start earning. However, someone mentioned going for Alt coins, whatever that means. Going to that section, I saw there are so many of them.
So my questions are;
1. Why are newbies not permitted in signature campaigns?
2. Can Alt coins be directly be converted to bitcoin and how?
3. Are bitcoin donation sites(I learnt about bitcoin from them) worthwhile?
Thank you.
Forget about all these signature campaigns, faucets, mining yourself, etc. Take a part of the money you earn in your job, or from your student job, and purchase bitcoin from a reputable exchange. Move that to a cold store and leave it there. Don't touch it for at least 5 years and you will be fine. Gobble up some more on a regular base, i.e. every 3 months, don't worry about the daily, weekly, monthly price fluctuations. Go and live your life, enjoy company with your friends, or whatever. You will be fine following this and life is much less stressful. Lock the cold store / hardware wallet in some place that you cannot immediately access when you feel urged. Put it at a safe box with a bank, best in New York if you live in San Francisco or vice versa. Just that far away that you cannot react to events within less than 12-36 hours to avoid the temptation.
There have been so many guys out there that purchased bitcoin at a few cents and sold them for a huge profit at 100$. Very bad decision from today's perspective.
BTW: watching today's total solar eclipse outdoor is much more fun and satisfying than staring at the real time bitcoin price.