Topic: What is your Advice for a new Bitcoiner? (Read 3292 times)

My advice is to take all advice with a grain of salt.  While some people here genuinely want to help you, most want to make money off of you and are not afraid to go about it in a malicious way.

1. it is difficult to determine when you should buy, at least you should monitor price movements, when the fall was the right time to buy.
2. it all depends on the price and at what price you bought it.
3. only faucet
4. trading altcoins/bitcoin and signature campaign
5. mining altcoins

1. When to buy bitcoin?of course buying when the price goes down with it you will be able to get a lot of bitcoin
2. How long we need to hold bitcoin? I think it could for as long as you want, depending on your decisions and analysis.
3. Time wasting bitcoin earning methods? it could be 24 hours a day, my suggestion to use bitcoin just for extra income. and intervenes real life working with it you only an'll spend free time with bitcoin
4. Best bitcoin making methods? I think with mining and trading. besides it was just a joke fraudsters(HYIP,etc)
5. Mining opportunities etc? i dont have idea about this questions
thank you

First  the right time to buy bitcoins is when the bitcoins price is cheaper than it's average price of 570$ now.It is up to you how long you'll gonna hold yor bitcoins but for me hold bitcoin untill next halving at 2020 if bitcoin is still alive that year well its price is approximately around 800-1000$ in that dates and year.There is no time wasting on bitcoin as long as you will profit

You can make good profit with mining too if you have cheap electricity. Earning more BTC is better on the long term than just holding the same value for years. Doubling your BTC per year should be doable and a good target if you want to retire with BTC later on. Assuming BTC get mainstream adoption.

Hold bitcoin for as long as you can. All I have to say. Dont be tempted to gamble to increase your bitcoin.

No problem, you still earned and learned.

Now start with the signature campaigns, you will make good money that way and start exploring bitcoin.

Then you can trade altcoins too, to multiply the earnings.

Yes by using this forum people are learning bitcoin as well as earning bitcoin. I have been looking for such an opportunity. But wasted time in faucet earning more than a year.

i think they were more than 10 if we count other signature in where i partecipated  , and this only by using my main account, i never cheated with signature

the good thing about signature is that it force you to learn soemthing, by posting

but i still think that if you have good electricity mining is the way, less time consuming, and you are free to do other stuff in RL

If that person will just easily fall out with that "new ideas" by scammer then he or she is totally a dumb. So it really advisable to get some people advice. Althought it can't covered the whole him/her still it is a big help to avoid that scenario in the future.

There are many advices here given with our fellow forum mate. Hope newbies will read all of them.

My advice is simple.

First, talk to yourself if you are really want to enter the world of bitcoin.

Second, you are not the type of person that wants a fast earning method without doing nothing.

And lastly, make reading here in bitcointalk forum a daily habit.

Goodluck.

You are really the legend of signature campaigns, so many posts, i bet you earned like 10 bitcoin from it.

Really nice advice from a pro like you!

in terms of profit, signature is at first spot(but you need more than one accound for serious earning), then mining with very cheap electricty and cloud with cheap maintanance and then pos coins, the one with the highest rate

all the other can give to you a nice pile of dust, or it come with a very high risk, like trading or gambling

the best advice that i can give you is not to trust any sort of offer that is too good to be true. the number of scams that happen with bitcoin is big because of anonymity and the fact that bitcoin transactions are irreversible.

1. When to buy bitcoin: Always take note of the current price and the bullish and bearish thread of the bitcoin price. f you can fully understand that then you will know in yourself when is the good time to buy some coins.

2. How long we need to hold bitcoin: As long as you can. You can hold your bitcoins as long as you think it will be profitable for you. Also take note of the price because if you see the price trend is starting to fall, that is a best time to let go. ( there is no such thing as forever LOL )

3. Time wasting bitcoin earning methods: Avoid faucets if you can. It's a waste of time, some beginners take this fauceting as the primary source of their bitcoins, well guess what? it's not profitable and it's a big waste of time. If you want to have big amount of coins, get ready to invest some money in your wallet and buy your first coin. There is a lot you can do to grow that.

4. Best bitcoin making methods: Invest your money and buy your bitcoins. Store it for a long time and you will get profit from it. Mae use of your skills/knowledge there are some jobs available in here that pays you in bitcoins. You can also do signature campaigns, it's good for beginners if you can't invest your own money to buy bitcoins, you can easily get some from it, you can get some coins while you learn your way here in the forum. ( just be sure to follow the forum rules and don't even try to spam). Also trading and forex can give you some profit (don't try this if you don't know how this thing work).

5. Mining opportunities etc : as for mining, I can't tell much because as I am still new to this bitcoin thing, I never tried mining before because it's not profitable here in mycountry plus I don's have the equipments to start so I'll leave it to the expert to suggest you some mining opportunities.

BTw, welcome to the cryptoworld.

regards,

 jacee

OK, here are my recommendations:

1. Buy bitcoin now. This year is the best time to buy bitcoin. If you get it below the $270, it's going to be good.
2. It depends, though, assuming you buy today, I suggest you hold until april or may 2016. Sometime during 2016, before July, because there will probably be a spike a few months before then.
3. Faucets. They are fractions of pennies. HYIPs scams (or programs where they say they'll give you a large percentage back for your "investment").
4. Bitcoin services. Find something that the bitcoin environment is lacking, and try to make it better. If you have lots of money you're willing to invest (AKA: are comfortable losing, like any investment), you can try to start mining.
5. For mining, you need a large amount of electricity, maybe some cooling. And a lot of investment capital. You need to be completely serious about mining if you want to start (profitably) mining.

I'd say YES, absolutely! Here's my experience with faucets(that was more than a year ago): I spent 3 months doing faucets 2-3 hrs a day. What did I earn after that exhausting work? The answer is less then 0.1. So it's up to you. If you think it's worth it then go for it, but I'm done with faucets.

So working in faucets is waste of effort and time?
I do not think like that. But many people do not like the earnings from faucets. we must be wise in choosing faucets. May be after some time I too may hate faucet earnings.

I did the same mistake when i was newbie in BTC world, the high profits made me blind, and wanted to get btc quickly. And of course i lost it quickly... I wont make the same mistakes again...

From my own experience I have wasted my initial time and bitcoins with some HYIP and some doubling programs.
A new bitcoiner should believe in time to make bitcoin slow and steadily. If you want quick bitcoin then you may end up in vain of your efforts.