Topic: What I got from my Friend about Bitcoin (Read 458 times)

Your first suggestion is actually quite good for someone who just knows about the crypto market or Bitcoin, because people who just know about the market or Bitcoin don't need to immediately act to buy some sats. Because he still needs time to understand several things related to the market and what assets are in it, even though in the end it also requires experimenting with small funds. But experiments with any amount of funds can still be done later when he already knows more about the market and all the assets in it.

Not everyone has time to teach him all she/he want to know and its already good that he know the basic things since he already get some idea about bitcoin and where he can use this coin. Also good that he came to this forum since there's a lot of guys can answer his question if he post something that bother his mind and want to know certain opinion of the people. Now its up for him if he pursue it since not everyone can really handle the pressure since starting up is very hard process for a newbie. Plus they need to deal with their investment and at earliest part of their investment they are prone to lose their money that's why they need to do a self research regarding on everything they want to learn since sometimes your own research is more important rather than those suggestion given by other people.

For the fact that you are starting your bitcoin joining on the forum you won't regrete it. The forum will let you to understand the things you need to know about Bitcoin. Apart from being a good hodler it is very important for beginners to have the understanding of securing wallet and to understand the strategies in which scammers use in getting people. Your friend introducing the forum to you is a good one ,it means you are not alone as you start journey but with other forum members who can share good ideas that will be very beneficial to your to your investment. Take your time and get better understanding of bitcoin and never be in a rush.

hi buddy, welcome to the largest bitcoin discussion forum in the world, feel free to ask about anything you don't understand, the seniors in this forum will definitely give you help.  what your friends recommend about bitcoin is good luck for you, not many friends are willing to give advice and also their insights about useful things like bitcoin, based on the post you made, you have a strong intention to invest in bitcoin, never save  keep your bitcoin in CEX, keep it in your personal wallet so that the bitcoin you have remains safe.

Yes that's true compared to learning from his friend and I think hus friend won't even taught him all she knows. Anyway, his friend didn't do it and suggested to join this forum and that means OP will find the information himself instead of just taking information from his friend although there's nothing wrong with asking information or knowledge from a friend or someone but if you do it all of the time or most of the time then that person will become lazy to do his/her own research. In short, that person will become dependent to someone.

great that his friend suggested to join this forum and not force him to learn things from him. just roaming around and educating yourself about this market, will assist him on what decisions he needs to make. he doesn't need to purchase btc on his first week or couple of weeks knowing about this market. but if he ever buy some sats, better try it with small funds first and see where it leads him as he navigates the world of crypto.

You should be the one who will decide whether you invest or not and you should think that what your friend has told you is an advice for you on what to do. There are other things you can do too like mining if you have the money to spend on mining rig to mine Bitcoin. It's good that you make some research and you should continue doing so to learn more and become knowledgeable in crypto and earn money in the future.

It's like a friend for keeps because of the knowledge that was shared to her.

Any question related to investing especially in Bitcoin and the market itself. Should she have any doubts to her decisions, it's fine to ask it to the community.

But OP, maybe you'll get some random messages from unknown people. Don't be too gullible to believe such tips given to you and that's why you need to verify it per se because some might attempt to scam you.

Consider taking more time understanding the investment proposal. Bitcoin and altcoins (Alternative Coins to Bitcoin) are volatile, that means that your investment could get profit or a loss in a short period of time.
I suggest you to read around, specially the forum rules so you'll be guided accordingly by the rules.
Welcome to the forum and wishing you the best of luck!

She guided you on the right path by introducing you to the forum, here we have very experienced users that'll guide you on any things that you're yet to understand about the industry so don't be shy to ask questions and when you get respond don't concentrate on how the message was pass but get the message and use it to your benefits. Considering the way the fiat cureency is getting disvalue everyday, investing in Bitcoin is the best hedge against inflation because not only does Bitcoin gives you protection to your wealth but it also add more value to it as your money keeps growing when you Invest in Bitcoin. The forum is very easy to use as if you don't break any forum rules you won't have any challenges so listen to what those above have said as they must have directed you to some rules and regulations thread while they were welcoming you to the forum.


The forum has millions of users (although most account are inactive) so obviously most username that you would have thought of, someone else might have thought of the username before you but Incase of next time you encounter such challenges on other platforms, just add few extra numbers or alphabet and you'll get cleared. As you have indicated interest in investing in cryptocurency, I would recommend you start with Bitcoin and stay with Bitcoin and you won't regret it like most of us did when we didn't take investing in Bitcoin seriously but were deceive by the way altcoins marketed their products and we found out the hard way that they're all full of garbage. After investing in Bitcoin, take the security of your investment very personal by buying a hardware wallet or using a non custodial wallet and not leaving your coins on exchanges or custodial wallets.

I can tell you're excited to be here, and you did the best thing by learning about bitcoin and joining this forum. It's important to understand that this forum won't just point you in the right direction; it will also give you plenty of reading material to keep you informed. Also, your friend who told you about this forum should be grab close because she has done the best thing for your friendship.
If you have learned a lot about bitcoin, then you can start buying your coins as you had intended. Don't be afraid to start with a small amount and increase it gradually. Take your time and read everything that will help you through your investment. I believe you should have known the risk in it before investing, so try and learn everything before getting to investment. All of the links that are being sent to you are very important, so open them and read more. This forum is all about understanding.

What do you want to focus on with Bitcoin? That's because Bitcoin is so vast. If you want to invest or trade, then multiply the knowledge you want to master. So ask a lot about what you want. In addition, many discussions, questions and reading on the trading board, it will make you master faster. But you don't be lazy to read, it will make a lot of garbage questions that recur. All knowledge is in this forum, you are quite diligent in reading and asking. Because there will be a lot of validation from friends here.

I will tell you that this you friend is one of your best friend so hold her tight because she lead you to a straight path in time of financial freedom, and I'm very happy to you as a bitcoiner an assure you, you will never regret buying it.

There are more to cryptocurrency which I wil expect you to ask your friend very well about the risks involved so that you can't fall on it. Has your here now many things will be easy because the forum will guide you in any information you need about bitcoin or Cryptocurrency at large, now welcome to the forum.

I don't know how familiar you are with Bitcoin, but before investing you should definitely consider its positive and negative aspects before making an investment decision. Investments should be made with money that is not exposed to loss if held for a long period of time. Not only that, where to keep the deposited bitcoins before investing is also a key issue. If you don't choose a secure wallet, it can be risky to hold your bitcoins for long term. Almost as we say "Not Your Keys, Not Your Coins" If you are new you should learn it. but if your amount is less then you choose temporarily any bitcoin wallet or top class exchange wallet but definitely need a safe bitcoin wallet for long term and big investment.

Seem like, you are a person who is bit easily influenced by people. Luckily, you are in the right person who tell you about bitcoin. And, maybe, if your friend tells you to invest to another coin, you will come too and follow in what he suggests. Dude, if i were you, I will not be easily influenced like that, I will look for overall data information I received and don't just accept it straight away.

The forum has over 3,5 Million + member registered which I think you will dificult to use username hasn't been used. to avoid that, you can use https://bpip.org and put that username you want to use on search username box, if it has been used, the website will display the username which you can't use it as username forum.

Welcome to the forum, I hope you have found a lot of information that will help you plan your investment for the first time. The first coin that might be worth having for you to start with is Bitcoin, just focus on researching so much information related to Bitcoin. it's better not to think too much about altcoins or memecoins from new projects first. Bitcoin is the best of all.
I also hope your friends don't leave you without guidance. It would be better if you also get guidance from your friends regarding this forum. You might find it easier to find information or anything that sometimes makes things difficult for beginners.

You made the correct choice by joining the forum, and I am confident that if you can follow the guidelines, you won't regret joining the forum. Take your time reading the forum rules and guidelines to ensure that you don't break any of them. Everything you will learn on the forum is free.

Waw, this is serious. I was just thinking about the reason why you created this thread, but after seeing this particular part, it’s just kind of funny to me. Is all this necessary? You don’t have to tell us all the procedures that you followed when registering on the forum, it’s of no use to anyone here or in the forum, and no one cares about your intended username being chosen before. Since you have successfully registered, then it’s fine, you don’t need to tell us your story.

You are going to learn anything you wish to learn about bitcoin and cryptocurrency here, just make sure you go through different sections here to learn, and you can ask questions in case there is anything you don’t understand. But before creating a thread, make sure you use the search button first to confirm if similar questions haven’t been asked previously.

Before you make bitcoin investment, make sure you learn the basics of bitcoin and cryptocurrency. Don’t be in a rush to invest because you might end up losing your investment if you don’t properly secure your bitcoin.

Your friend has advised you very well, for that I thank your friend. Bitcoin has gained a lot of popularity in the present time, it is because of your friend that you came to know about Bitcoin easily. Your friend gave you better advice, which led you to join the Bitcoin Talk Forum. You should study regularly to gain knowledge from bitcoin talk forums. If you don't understand something then of course you ask here or you ask your local community. OP you said buy coins this week, I suggest you definitely buy bitcoins. When you buy bitcoins you buy by following the DCA method. You invest in Bitcoin and hold it for a long time. Hope you can earn a lot of profit.

While planning to buy your first coin this week, hope you already got the necessary or let me say the preliminary knowledge required of you which includes the knowledge on wallets and exchanges as well as safety? I would advice that you spend more time on researching about what you intend investing in and since you’re already on the forum, I want to say a big welcome to you and also to let you know that you’re on the right track an you should also fell to ask any question that might seem difficult for you as there are hundreds if not thousands of users who wil be willing to guide and assist you on the forum.
Good luck mate with your crypto journey.

I don't recommend newbies to buy Bitcoins when you're still acquiring knowledge because of the fact that you might not ready for the things to happen with your investment especially with how volatile Bitcoin is, but I guess you have a friend that will guide you through that so... yeah good luck with your investment journey.

TBH, I envy those people who have friends who are also investing into Bitcoin, and other types of investment as well. I don't have any friends that's also investing into crypto. I don't see anybody around me who's investing into different types of assets which is kind of frustrating (a little). It's good for you that you have a friend that will guide you. Use this forum as a platform where you can learn more about Bitcoin, and not a platform where you can earn money. Continue to learn, and information are everywhere already. You just need the initiative, and time to learn.

Good Luck OP, and welcome as well.

Investing in bitcoin right after learning about it is not a good idea. You are in this forum to learn about the bitcoin so learn about its fundamentals and how you can store it securly. Also it is important to get familiar with some basic information about the bitcoin market and get to know why everyone is talking about bitcoin these days. All this information is available outside of this forum but if you want to get some unbiased content then this forum is the right place for you to start your bitcoin journey. 

Your friend did well. That's friendship indeed. We rise by lifting others, as they say; and that's true. You will enjoy it here, provided you follow through the numerous rules. Again, if you're lucky you might be earning while still learning (I guess your friend told you about that). This is the edge this forum has on other crypto fora. BTW, I believe you're paying rapt attention to comments made by others that can help your stay here.

You are welcome to the forum. Your friend did well by introducing this forum to you to learn more on bitcoin, your friend really want your progress and make sure as you are learning on bitcoin also read the forum rules and steer clear from all the unwanted habit in the forum. That registration process happened to many people here in the forum. This is one the largest forum for interaction in the internet so many usernames are used so if it happened in that way then you have to try another name until the forum software accept it.

To acquire k knowledge on bitcoin is very simple if only you are ready to learn. Since you are newcomer to bitcoin and newbie in the forum there is one thing you must know. You have to wear thick skin because there are some comments that will offend you and you don't have to react to them negatively.

Rushing to buy bitcoin in your first week of discovering about it could be dangerous. Not because bitcoin investment is bad, but because the security and privacy of your coin are more important than the investment itself in bitcoin. Without adequate understanding on how to secure your bitcoin and keep your seed phrase safe, you cannot have full control of your bitcoin and can be vulnerable to attack from scammers who could easily steal your coins.

This is not an investment you should hurry into, instead, take your time and learn the principles of it, its benefits and cons, and most importantly, how the market works because it is volatile and may affect your mental or emotional health if you are not well prepared for it.

What a good friend for you, he wants you to get your money without asking anyone, she told you the truth Bitcoin is a very good investment you will get more huge profit on it when you know more about the system you will still continue learning about Bitcoin investment, the forum will guide you in anything you don't understand you can ask any questions and they will reply you well to understand you are in the right place, since you are still a newbie will advise you to start with small capital and see how the market goes because any investment involves risk, so don't put all your money on investment when you don't have a source of income because if you lose, you won't have any money again but when you have a source of income, even if you lose he won't bother you too much.

You are barely just 5days old on this forum, and yet I can see a great improvement in your posting pattern, which is quite astonishing and encouraging, which is one of the benefits people get when they get introduced into the forum by an already existing experience forum member, unlike us we came to this forum confused within our first one month, and went about hunting bounty while forgetting what actually brought me to the forum to add value to discussion until a certain day when I realize the need to adding value to the forum.
However, I will like to remind you at O.P that there are times when you will feel like given up, but your ability to remain steadfast and obeying the forum rules by not using A.I and plagiarized content will determine how long you will last on this forum.

You're on the right place, this is a great discovery that you made and also an opportunity for you being on the right platform, this forum is well moderated and there are rules and regulations that guides the forum here, take your time to read all the links sent to you as they are part of your first experience to this journey you intended to take, learning is always a key and if you truly positioned yourself for that, you will definitely make achievements in it.


When you make your first buy, make sure that your bitcoin is sent back to a non custodial wallet, you can learn about cold storages and other wallet types that are non custodial wallets, make everything private to yourself alone as it is expected of you to totally avoided any third party influence on what you do.

Welcome to Bitcointalk mate. Here are all the useful links & topics;

Books:
https://bitcoin.org/en/bitcoin-paper
https://github.com/bitcoinbook/bitcoinbook#chapters
https://www.bitcoin.com/get-started/
https://learnmeabitcoin.com/

Rules & Guidelines:
https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727
https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657
https://bitcointalksearch.org/topic/guide-searching-effectively-5276341
https://bitcointalksearch.org/topic/tutorial-advanced-google-search-dorking-5464746

Welcome to the community just keep lurking around here you can seek information regarding bitcoin investment and are welcome to share your knowledge, skills, and thoughts here. Members are open to sharing theirs too. Frequently asking the newbies what platform we buy Bitcoin most of us are using an exchange like Binance but don't limit yourself there's a lot right there it personal preferences. What wallet we are using is Electrum, others an application on their mobile, or software application you can access on their website. If you want to offer your services we have the Service Board in the Marketplace. Try to read the links other member provided. Enjoy the knowledge.

What are you looking for? Are you looking to use Bitcoin as an investment against inflation or increase your assets, or do you want to trade, or learn more about decentralized cash, or make a profit from the forum, or what? The first steps are always difficult, so describing what you are looking for will help you get good information.
You cant get all in one in one thread

There are a lot of educative topics here on Bitcoin forum researched/compiled by our senior colleagues for our benefits particularly,   we the newbies; to help add or increase our knowledge on bitcoin.  However,  you must be deliberate and persistent in your search. There are topics you will to have read more than once to grasp and appreciate the content.  The bottom line is no pain no gain.

Welcome to the forum, this is the best place to kickstart your bitcoin journey. Bitcointalk has the brightest minds in the industry that are always willing to help and guide you in whatever areas you need assistance. Before anything, I would like you to go read the forum rules and guidelines,¹ hold it firmly in your heart so that you won't have problems while you're here. Also, I would like to introduce you to Beginners and Help Encyclopedia,² a rich collection of topics written by different users, do well to go through it and read topics that interests you.

[1]. Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
[2]. Beginners and Help Encyclopedia

Nice, happy to have you on here newbie, I am not so sure you already know much about crypto but I can tell it's a better choice for choosing Bitcoin, my advice is let Bitcoin be your biggest holding, since you are talking about other altcoins as well, because altcoins are not as reliable as Bitcoin.

Do your own research on other coins apart from Bitcoin, majority of other coins are scam, and also I do hope you know which crypto wallet to use for storing your assets, some are bad choices, stay away from any closed source and custodial wallets, they won't give you access to your private keys or recovery phrases, even if they do they also have access to your fund and they can steal from you.

If you have the money you can buy a Trezor hardware wallet, if not, you should download an Electrum wallet from their official website, and make sure you keep your recovery seed to yourself only.

Joining the BTT forum is indeed the right thing for people who want to enter the crypto realm. So if you want to increase your knowledge and knowledge about the crypto field such as Bitcoin in this forum, you only need to be diligent in reading posts that you really want to learn about the knowledge contained therein. Apart from that, don't be shy to ask if you have questions, and don't hesitate to discuss with fellow members in this forum. Simply put, in my opinion the above method is a basic way for members of this forum to develop and increase their knowledge about cryptocurrency/bitcoin in this forum.

If you are actually going to buy your first crypto coin this week, don't forget to prioritize purchasing bitcoin. Because there is no doubt that bitcoin is the best quality cryptocurrency. Therefore, to invest in the crypto realm, Bitcoin must be prioritized for purchase. However, if you want to buy altcoins, don't forget to always do thorough research and analysis. Because unlike Bitcoin, altcoins carry a lot of risks.

Before you buy a bitcoin, I hope you have full knowledge of keeping it safe. By that I mean how to keep it under your watch where you have the private keys with you or the seed phrase as back up. You should never in anyway live your bitcoin on any exchange. You can use the exchange but as soon as you are done buying it, withdraw it from the exchange and take it to your personal wallet you have set up and make sure the private keys or seed phrase is well protected.

The forum is big enough for you to understand anything related to bitcoin, you can ask any questions, people with the reply will answer you swiftly if they know the answer.

It does not take a lot to join the forum.

You only need the Internet connection, a PC/ laptop/ smartphone to create your account and use it. It's simple like if you can use the Internet, you can join this forum.

You already joined it so it's time to read forum rules. Begin with:
Newbies- Read before posting.

[GUIDES] on Bitcointalk. Index thread
Beginners & Help Encyclopedia

Before you buy your first bitcoin, you must consider what exchanges to use. Centralized or decentralized, KYC or non-KYC. What wallet you will use to store your coin, custodial or non custodial, close source or open source.
Reminder: do not keep your money in online accounts
Choose your exchanges
No-KYC Exchange Encyclopedia
https://kycnot.me/

Choose your Bitcoin wallet
Choose your wallet with some filters.
[LIST] Open Source Hardware Wallets

Your friend provided useful information and directed you to this forum,
the center of all bitcoin and crypto knowledge and you can get answers to the questions you want to ask.
Make sure you use the search feature to find any topic you want to know about.

Starting to invest in Bitcoin is a great first step, but you should also learn how crypto works and what the risks are.
Learning about it in detail will keep you away from the various risks that make new users lose their money because they don't pay attention to the risks that will occur in crypto.

You can learn it by visiting each board category that matches what you are looking for and asking questions or anything if it is still not available.

Good to know that you researched about bitcoin and also this forum before you joined. This shows your ability to research and therefore means that you will be able to do your own research before you will invest in any cryptocurrency, that is the right thing to do.
Your friend introduced you to one of the most remarkable and beautiful place in the world of cryptocurrency. Enjoy your stay here and never get tired of learning new things and updating yourself.

Welcome, miles! There are a few threads that you have to read before you go on with the others, these are the most important threads of the forum for new joiners like you. Maybe your friend hasn't said this yet but check it out for your reference.

• Newbies - Read before posting
• Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

These are your guidelines since you're asking for them as you start browsing different threads and sections of the forum. And you can ask anything that you want to know and it's better to do it on this thread rather than making a new one.

That's nice you were able to create an account here and become a member. As you have said that the initial username you wanted to use has been used by another person here that is to tell you how far this platform have gone ever since her inception.  You are never late mate. You can still pick up from here as far as you have the stable mind to comprehend all you see and read here. It would be nice you go through the links posted by other members here for your own  consumption.

I will advise you this after purchasing your first Bitcoin, do not keep them with centralised exchange. Download a good wallet as recommended and remove your coin from exchange. Do not click links sent to your mail and social media handles. Do not use your wallet for airdrops. Nobody should request for your key phrase and you give to them. Note that your key phrase is your personal property and access to your assets. Be careful how you keep it.

First of all, you need to study the rules of the forum so that your stay on the forum does not turn out to be short-term, since many newcomers often violate them, and this leads to a ban - https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657

As for the desire to buy Bitcoin, this is undoubtedly the right decision. You can get more knowledge about BTC in the "Bitcoin Discussion" section - https://bitcointalk.org/index.php?board=1.0

You are in the right place if you really want to learn about Bitcoin. This forum is especially designed for Bitcoin beginners. All the Bitcoin and Crypro-related data you may find here To grow your knowledge, read more than you write. Gain knowledge from here, then contribute for other beginners. That's how the fuem has been working. Follow the forum rules and help prevent unwanted spam. Use the search button before creating a thread. So you may get your desired answers here.

Your friend did a wise thing in advising you to invest in Bitcoin as bitcoin is one asset that can grow astronomically with time, but one thing you must understand is the fact that bitcoin requires your  time your patience to hodl before you can start making profit from your investment, as it's not a quick money making scheme.

It's also advisable for you to know what kind of investment that can suit you most, if its trading, or wanting to hold on to your assets till it grows gradually. Any of the options you wish to adopt, you will need to educate yourself about the best strategy suitable for you to go about it, the forum will even help to answer for some questions you would want to ask.

It's good to know that you want to buy your first bitcoin, that shows your really interested in investing, and becoming a practical bitcoiner rather, and that's a good one.

If you are planning to put an investment to Bitcoin, you should make yourself ready, both in mental and emotional stress.  There are times when the price of Bitcoin crash so learning about the Bitcoin market cycle can be a great help.  Also, be informed that Bitcoin is not a get rich quick scheme where you can instantly gain wealth after a short time of investment.  Bitcoin investment is not a sprint but a marathon, the longer you hold, the higher possibility of getting a better profit.  This means, Bitcoin investment and holding it needs a lot of patience.

Bitcoin is very good for sure to invest but I will advice you not rush if you are not aware how volatile Bitcoin market is. The market is very volatile and for you to be successful in bitcoin you have to exhibit some level of patience in you to hodl your coin and not to be panicked when the price of the market is falling down. 

If you don't understand bitcoin and you quickly run into investing it can be complicated to you. And one thing you need to understand is that as you are investing in Bitcoin, if you are depending in the profit to quick come you may disappointed. Hodl and wait till your investment is due for profit.

Before buying bitcoin you should ensure you know how to store Bitcoin safely and what wallet to use. You should also have a reason for buying Bitcoin, either to use it as a currency or as an investment. If you're using it as an investment then have a trading plan that works for you.

First thing to remember is to buy as much as you can afford to lose so you do not have to be forced to sell when you do not want to. If you use money that you might need in the future, when they need comes, you can be forced to sell even at a loss.

---

• Get a reputable wallet software which is non custodian and open source,
• Create an wallet on it and back it up on paper,
• Do not use electronic back ups cause they are exposed to the internet,
• Use a reputable exchange to buy and send coins to your wallet,
• Always do your research.

When I got to know about bitcoin from my friend last two month, she told me more about bitcoin, she also said investing in bitcoin is good. And she asked me to invest on bitcoin that it will be of help to me, she said for more guard she asked me to join this forum bitcointalk. And I accepted her request, so I decided to make some research about bitcoin and this forum bitcointalk because it takes a lot to join a forum, after making my research through the help of the internet I decided to create an account and join this forum. And to my biggest surprise the username has been used, so I used another name then it works.
I will be very much happy to acquire more knowledge in the forum. I am also planning to buy my first coins this week.