Bitcoin Forum

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.

https://i.imgur.com/9iKnOD1.jpg
https://i.imgur.com/Ydu05qz.jpg

Investment in Bitcoin is not a do or die thing. You shouldn't use all money at hand in investment but rather extra cash that has little or no use to you. No one said that you must invest in Bitcoin. You should consider yourself first so you won't go broke

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On the other hand, it's a good start but it won't be nice if you loss your investment to a scam after all the savings so be careful. You should have spent the money on what your father gave it to you for. all that is actually not necessary.

You have made a great decision investing in Bitcoin so you're officially now a Bitcoin HODLer and as times goes on I hope you also continue to accumulate more Bitcoin to add to your stash.

And from the interface of the exchange in your image I think you used kucoin which means you'll have to withdraw your coin from that exchange into your non-custodial wallet. Remember Not Your Key Not your Coin so for now I'd say you have no Bitcoin just some numbers been displayed on your exchange.

And again I think it's high time you learned how to post image here on bitcointalk so id recommend you checking out these threads;
Guideline on posting images (with size adjustments), hyperlinks (https://bitcointalk.org/index.php?topic=3974517.0) by tbct_mt2
upload a photo on bitcointalk (https://bitcointalk.org/index.php?topic=3307229.msg34509680#msg34509680) by hoangvuthach

Congratulations! You've done it!

You can start big or small. The most important thing is that you made a start. That's good enough for now. Your next mission, I suppose, is to make some money to buy more Bitcoin. Are you still a student? A university graduate without a job yet? Either way, you can take simple jobs in the meantime like delivering pizza, flipping burgers, making coffee, and others and set aside a few dollars for your next Bitcoin purchase. That would be a nice addition to what your father gives you. Perhaps a slight cut on your miscellaneous expenses would also help you grow your savings a bit.

Anyway, it seems you are using a centralized platform. You can actually buy Bitcoin from non-custodial wallets. At least your Sats are sent directly to an address whose private keys are under your control, and you will also receive real ones, not just IOUs or paper Sats.

It's not about how small or big your money to invest in Bitcoin, but the successful investment will depends on your patience.

Some people can spend a lot money to buy Bitcoin, but after few days or weeks they're scared when Bitcoin price decrease for 30%, so they're sell it since they think Bitcoin will lose more in the future due to FUD.

Some people spend small amount money to buy Bitcoin and being consistent, it doesn't matter if Bitcoin price is decrease or increase from the first time they bought it. After few years later, the price skyrocketed and you will enjoy your money.

That is a good start because you have used the money your father gave you for things that can benefit you in the future. It would be even better to get a job so you have a paycheck every week or month and can use it to invest in bitcoins.

But that's okay. Everyone has their own story when they invest in bitcoin for the first time. And you can continue to invest in bitcoin when you have more money. Don't stop @OP because you still have a chance to buy bitcoin at a low price.

Since you made the first investment in Bitcoin, I think you made a very good decision. Bitcoin is undoubtedly one of the best coins to invest in. But since you have invested, you must be patient. Because currently the Bitcoin market is slightly down. There may be some loss in the first stage so don't lose patience if you are patient you will surely get good reward.

You must use Bbcode link on imgur.com

Follow this FAQ
https://help.imgur.com/hc/en-us/articles/115003264766-FAQ-for-Forum-Users-#

Congratulations, I hope that little by little you will manage to stack enough sats and that one day you will be able to enjoy a nice capital gain on your investment!

For my part it worked well to accumulate small regular amounts in BTC, if you manage to keep them until the next bull run (I hope we will see the next one a few months after the halving of 2024 but no one really knows) it can be very profitable.

If you don't already know, I advise you to look at "safe" investment strategies like DCA for example. As long as you only use money that you accept as lost, the risk is not huge. Of course, doing an ALL IN in Bitcoin could be more risky.

Last but not least, I would advise you to get a hardware wallet if you plan to keep investing for a long time. "Not your keys, not your coins’’
Even a software wallet like Electrum will still be much more efficient in terms of security than storing your BTC on a CEX. Storing your coins on an exchange is extremely risky, and in absolute terms, as long as it's on a CEX such as Binance, Coinbase etc. you own nothing.

I wish you a successful journey with Bitcoin !

Good to have a good start on your crypto investment career but you need also to acknowledge the risk since there is no happy days always in crypto since this is a risky investment to adopt. Since you are newbie try to learn more about crypto since its not all about buy low then sell it to its higher price, you need to learn technical analysis so that your trades will got a high chance to became successful.  $14.55 is good capital to start you can use this for practicing yourself on exchange and trade it on other altcoins.

Well, that's a start, congratulations for your move.

If you want to invest low amounts of money I would recommend you to buy altcoins like Litecoin or Dogecoin, because with those ones you can move the coins paying low fees. I mean, I you try to spend the $14 you get on bitcoin you will see how the fees take a huge part of that cake.

And now you need to learn the good practices on bitcoin, because as we always see, not your keys not your coins, and isn't a good idea to leave the BTC in the exchange, so, learn about wallets, public keys, and private keys  ;)

It's not a huge amount, but it's great that you made the right decision to invest in bitcoin and not spend it lavishly. It doesn't matter how much or how little because as long as you have the will to move forward, you will find a way to get more income to invest. Bitcoin is a long-term investment, so you don't need to rush it, accumulate bitcoins whenever possible. Over time, you will be surprised with what you accumulate as well as the benefits of investing in bitcoin.

Right, I can't emphasis it enough; No matter how small your holdings in Bitcoin, don't keep it on exchanges. I suppose, when you factor in the fee for withdrawing, it can seem counter productive if you've got small amounts. However, at the very least do it at different targets where your comfortable with paying the fee. Since, new users probably need to familiarize themselves with the right way of doing it, instead of getting too comfortable, and getting stung if anything ever happens to the exchange.

Personally, I'd rather lose a little in fees, and know that my Bitcoin is secure than holding it on the exchange for a prolonged period. I usually, only deposit what I'm going to take out in an exchange, and I'd recommend doing the same whenever you're purchasing Bitcoin. Maybe, holding out until you can afford higher amounts to justify the fee might also be an option.

There's nothing wrong with your advice, but in the OP's case, I don't think that's enough bitcoins for the withdrawal fee. I am sure that if he follows your advice, he will bring more wealth to the exchange. And he will be shocked because the investment is not profitable, but he will lose almost half of his assets.

I remember my friend that I’m mentoring about Bitcoin investment. He started on much lower amount which is around 10$ using his personal savings. He keeps doing it whenever he got some profit from his side hustle of selling goods. I lose track to his progress for over a year and now he is holding Bitcoin that greater to mine since he keeps accumulating using his side hustle and job profit. He said he is investing the majority of his profit after he saw that Bitcoin dump below 15k last year.

I’m so glad to see this kind of story and I hope that you will become motivated to earn more for your Bitcoin accumulation journey. Most of us here started on small amount and just level up if you become comfortable and believer of Bitcoin. Just take it slow and enjoy the ride mate!

well, I think of it this way: buying bitcoin using a bank account charges high fees, so you have to accumulate fiat and when you see that you have a certain value in fiat and you will spend a long time without having more fiat then you can take your fiat and bitcoin purchases, now in a scenario where you have a friend who has bitcoin, so you can buy bitcoin with him and avoid the high fees charged by banks and exchanges, this is a good way to have bitcoin, however you always have to be careful, as people are not reliable, you can only buy with someone who has bitcoin and is close to your house, if he deceives you, you can report him to the police

there is another point that I think you need to consider, start studying technical analysis, you can at least get to know which zone of low prices will be ideal for buying bitcoin, the lower you buy the better because when it goes up you will have more profit, good zones to buy bitcoin are in the 15000$, 17000$ and 20,000$, in the 24000$ it is a very problematic area, even if you intend to do hodl the advantage of buying low is very good, so always prefer to buy as low as possible

Some reasons to NOT keep bitcoins in online accounts like centralized exchanges.

• It's not your keys, not your bitcoins
• When you need to withdraw it, you have to pay expensive withdrawal fee. Centralized exchanges over charge withdrawal fee on users.
• When you leave your bitcoins on exchanges, you will look at it too often, minute, hour, daily and by that, you probably change from holding to trading. Over trading can lead to bad decision even with Spot. At the end, you will lose part of your initial bitcoin. Worse with Leverage, you will lose most of your initial bitcoin.

Leaving bitcoin on exchanges longer than you need to do like taking profit is bad practice. The longer time you leave it on exchanges, a more likely nightmare will come.

Thank you very much, you gave me a good advice. When I start earning. When I have money. I will buy bitcoins from my friends. I would hold bitcoins with a lot of security. I will invest in Bitcoin for the long term.

that is one pretty good step towards a promising career. there are so many people out there who spend their money on something short. however, you have enough good thinking to start a career in this field. After this, you need to learn more about investing, or trading if you're interested.
If I look back at where I started it all, I also started by investing and looking for airdrops to add to the assets I have on the internet. However, what you need to do right now is to increase the number of bitcoins you have little by little. You can do this by saving and buying bitcoins, trading, or trying to find jobs on the internet that pay you using crypto.

May your investment be successful. By investing in bitcoins, you have shown how to invest by saving your hard-earned money. You continue your investment slowly like this. I hope you find success very soon. But I want to tell you that after seeing the profit in investment, do not invest with loan later. There are many people who profit from investing in the first instance become very happy and disappointed and later invest in debt. That's why I advise you not to invest in loans.

If you have enough budget to buy a hardware wallet that is much better for security --go to this thread for the list of a hardware wallets.
^{[ https://bitcointalk.org/index.php?topic=5282364.0 ]}
For a while --I know you cannot purchase a hardware wallet then you can use the safest software wallet ^[Electrum] that is open-source --go to this board and learn more about Electrum. ^{[ https://bitcointalk.org/index.php?board=98.0 ]}
For the strong password, @GreatArkansas explained it very well for a beginner like you, ^{[ https://bitcointalk.org/index.php?topic=5132378.0 ]}

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Such a good and wise decision, keep doing and you are on the right path.

That's really nice of you to have chose to invest in Bitcoin despite not having much, because that shows how much you so much believe in this decentralized digital currency called Bitcoin, because if only you can be consistent in this your investment, I'm sure you will be happy you made this decision today. But as an experience member who has been on this forum, I will advise that as you tend to accumulate more BTC, please endeavour to transfer it to a more secure wallet such as "electrum wallet", as exchanges are never always the best place to keep huge funds.

The interesting thing about your great story is, you did a good thing to invest some or the rest of the money your father gave you to invest in bitcoins. And it will teach you when you find work or income to invest bitcoin with discipline and well because you have studied it and also understand it as a whole and the important factors that you must know when you do it before you have your own income, and also can increase your investment after have your own income with your previous mastery especially patience and trust in bitcoin.

and most people will use the money their father gave them for needs or pleasures mindlessly like you, and if you are successful your story will set an example for others who still only have money from their father.

I wish you more luck and profit in the coming months and years. I hope you will save more like the $14 you've spent right now in bitcoin. Continue to accumulate it, like if your father gave you money to buy something, and if there are still extras on it, then put them in bitcoin because, overtime, you won't notice that you've already accumulated a lot of it. Congrats on your first purchase, and please continue to learn about bitcoin to keep your bitcoin safe, as well as get in touch very well with bitcoin.

Welcome to invest. Best of luck to you and hope you get the hope you invested in Bitcoin. But always have faith in the market. And since investing always keep one thing in mind that how you actually invest is whether you invest for long term or you invest for short term. If you invest for a short period of time, you will sell your coins if you get some profit.  And for a longer period of time you will hold your coins.

Congratulations, on your first investment in Bitcoin. I think you were very interested in investing in Bitcoin and finally invested in Bitcoin with your savings. Then you invested in Bitcoin it is very good for you. and I will tell you to continue investing in bitcoins because your little money will turn into more money in the future. so the decision you have taken to invest in Bitcoin is definitely a very good move you have taken and it bodes well for your future.

It's good to see that everyday by day people are really going into bitcoin holding, I am very amazed and I believe you keep holding or accumulating gradually. The next thing I will suggest you is that get a well known wallet to store your funds because leaving it alone on exchange doesn't guarantee your asset is secure being that exchange are vulnerable for hack which I think as a beginner who is trying to get routed into bitcoin is not meant to start shading tears of being hacked at this early stage.
I know too well that there are lots of guidelines that have been posted here and i trust you devote time to read through this thread thoroughly.

Investing in Bitcoin is always a good decision. We see stories about investing in Bitcoin all the time.  But I'm confused as to how true it all is. Anyway congratulations for investing in Bitcoin at the first time. Hope you are aware of the risks before investing in bitcoins and choose a suitable non-custodial wallet to store them well. According to your screenshot it appears that you have put the bitcoins in a centralized exchanger which is very risky.  So choose a non custodial wallet to avoid risk

I am glad to see you have started investing in bitcoin. I advise you to transfer your bitcoin balance to another wallet and don't keep the bitcoins on an exchange because you can be tempted or panic if market conditions change for the worse.

And don't stop here to invest in bitcoins but make subsequent purchases and send those bitcoins to other wallets. Don't forget to specify how long you want to invest in bitcoin and when you sell bitcoin to take advantage. Hopefully, you can have more money so you can invest in bitcoin.

It is commendable to hear that you didn't spend the money given by your father on all sorts of trash, but decided to buy bitcoin. This is a small amount, but it adds up to a significant amount. Little by little, your wallet will become heavier. Admit it, you experienced joy and slight euphoria from the first purchase of btc in your life? Judging by the pictures, you used a mobile wallet. I would recommend that you better switch to desktop electrum when the balance gets a little bigger.

Congratulations on your first bitcoin investment. Always nice to see that more and more people are investing in bitcoin. But always make sure not to invest more than you are willing to lose or what you can lose without harming yourself. That's always important. While I and many others think investing in bitcoin will always be worthwhile, there are still risks to be aware of.

I would also take the advice here in the thread seriously and not leave bitcoins on an exchange. There is always a risk that you could lose these coins.  ;)

I feel really happy today. To me bitcoin . And you say I am opening wallet by phone. Everyone pray for me in future know I can invest more in Bitcoin

It's a centralized exchange and it's really not safe to store your bitcoins there. Some people have also suggested it to you, and I think you should learn about it quickly because it is very necessary for your bitcoin “not your keys, not your money.” But I think you will not do it now because, with your modest amount, it is tough to withdraw bitcoins to your non-custodial wallet but do it if you have more bitcoins later.

If storing bitcoins on a particular exchange there is still a lot of security risk at stake and it is best to store them in a non-custodial wallet. Looking anonymous in investing in bitcoin is much better than trying to be open, because you never know the level of risk that will be involved.

That means you already understand the right use of money for you to use, once again you have done the right thing to use money, because having an investment plan is much better than having a lot of money but not starting and on the other hand many people have benefited and profit from bitcoin.

It's not how big or small that matters, but the way you use small capital to invest will give you big results, if you understand the correct investment pattern. It takes careful planning when you seriously want to get involved in bitcoin investing, small amounts will become bigger when you start to understand how to make a profit.

I like your way because you have matured how to think about future investments and can save your own pocket money.

I know this is a good start even though right now I don't have a lot of money to invest it doesn't matter because you already understand how to buy bitcoin and how to invest it, if possible later you have worked and can earn yourself then it can be arranged better to increase your investment if you believe in bitcoin, maybe you also understand the risks, but we must be aware of how bitcoin can be higher than its volatility.

Good luck any friends at it starting small, I think you can improve it one more time.

His saving the money for Bitcoin investment isn't a bad thing either and maybe he has weighed the option between spending it and investing in Bitcoin. I believe everyone that comes to hear and understand Bitcoin a bit will certainly want to invest if only for its speculative nature even though all investors might not understand its technology so on that note, OP has taken the right step, and hope he is able to continue on this move which will be well worth it in the long run.

Having own hardware wallet too will be fine maybe in the future he can get one once he accumulate more bitcoin, it’s good to start in any amount possible since by that time OP will have more courage to learn more and to do more in things related with bitcoin. There is always a need to try and do it before we will know if it’s meant for us or how will it works and it’s a nice move that he invest it than spend in other things. It can be a stepping stone for him to learn to trade or a start for him to hold more bitcoin in the future.

Some mobile wallets will also support your investment plans in bitcoin. Electrum is the one recommended for android wallets, but if you are unsure about another wallet then go for it as long as you understand the risks. Consider using the most recommended wallet for your bitcoin storage, then don't forget to back up your wallet.

I know you're not starting with a big budget, but bitcoin is a great place to start. Accumulate as much as you can and invest regularly when you have budget, don't force it but do it consciously without high expectations.

I know that feeling because I have been through the same. Knowing what bitcoin is all about itself makes us wanna invest as much as possible in bitcoin.
But for many of us, our financial background is not so strong and so we have to find out ways to earn more money and save money to buy more BTC.
What OP can do is he can utilise his skills so that he can provide some services and earn BTC.
If not he can do some part time job to earn an extra income and then invest the same in bitcoin.

You are welcome to bitcoin club I wish u more success investing in crypto currency is a welcome development an bold step u have taken in life keep hold on to ur coins an invest more don't be eager  invest the little money u have invest that and don't borrow to invest manage the little you have you will make more profit as time goes on OK.

Hey mate, you have done well investing in Bitcoin. Whenever I see people investing in Bitcoin it makes me feel like am the only person remaining outside the moving train.
Once again you have done well, don't be in a haste to sell, just grip it.

Congratulations, mate. Your first Bitcoin investment will really influence your decision. This may be a brave decision where investing in crypto is always high risk, moreover, the market is now very dipping. Hopefully, you don't get panic and still be aware that there must be another high better time to see the market. Well, getting minus so much in Bitcoin investment is actually very usual to happen. So, be calm and patient to wait for the market is getting better and better. never panic with this condition.

It does depend a bit on your trading goals or whether there is an exchange that has a certain trading pair but others have not. I am all for Bitcoin anyway, but I also used to trade some stuff and withdrawing and depositing all the time doesn't make it worth in the end.

BUT, Welsh is right as I can tell that over the course of my long crypto experience, I have had a couple of minor losses due to leaving some coins on the exchange. I guess most of us who were around early got caught at least once, or not? ;)

Good old Mt. Gox, Cryptsy, but also a couple of other exchanges. Oh Cryptopia comes to my mind and I can't recall the names but many have disappeared so the advice to not keep your coins on an exchange is 200% correct. The collapses as we have seen with FTX always happen out of a sudden. Everything works fine dozens of times and then without any prior notice the withdrawal is not being processed anymore. Congratulations, tiCeR, for leaving those coins (even if not many) on the exchange (is what I am telling myself ;)).

I must say though that these days I don't have a single penny on any exchange. Thankfully never lost big, but learnt the lesson.