Bitcoin Forum

There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.

Yeah, the appropriate situation based on your story is when Bitcoin price is still cheap and faucet site can give you 1000-5000 Satoshis for every minute, if you claim it for everyday you can make a good living if you hold it until now.

It's true security is the most important if you're want to invest in Bitcoin, because if you lose all of your Bitcoin, there's no company or assurance will refund your stolen coins. Hardware wallet is not that expensive, it's around $100.

No matter how little the crypto is we should always take our security seriously, that thing we see little today might turn huge tomorrow.. if we can't protect our little SATs then we can't also protect our millions Bitcoin.

Even the hardware wallet and it's high secure if it's been handled by someone careless it's purpose can still be useless, because they see it as something that can't be hacked they can use their own hand to destroy the security by either misplacing the hardwallet it's self or even the token.

When I saw the topic, I couldn't understand what SATs (the USA academic tests) have to do with Bitcoin, but now I realize the op is talking about satoshis. Satoshis and bitcoins are pretty much like pounds and pences or any other denominations of money. So I'm not sure 'Satoshi owner' is a correct way of phrasing it. But I am happy that you, the op, managed to accumulate enough funds by gradually investing in Bitcoin, and I do agree that it's very important to take the wallet's security seriously.

Do you mean satoshis (sats)? You should have written that in small letter, yes it's good to accumulate a small amount of Bitcoin every time you make some money, if you aren't in some rush to make money it will surely pay off, treat this as a way of saving for the future, the only thing you should avoid is buying at a higher price, since you always have very little to spare do not buy when the price is surging, always wait for some retracement, like you said, a little drop of water makes a mighty ocean, the cheaper Bitcoin is, the better for you.

Many people wouldn't have had the opportunity to. own Bitcoin if it was not divisible. It will take close to a decade of saving for me to own one bitcoin. So anybody that is looking down on Sats is doing that because of a lack of understanding. For low-income earners like me, the only way we can invest in bitcoin is to buy gradually. I don't joke with my sats because I bought them with my hard-earned money that's why they are well stored in a decentralized wallet. No matter how the price moves it is important to always follow your investment plans because the price might not be certainly predicted. For now, I have not identified another viable investment that is better than bitcoin.

I agree that small amounts of cryptocurrency can accumulate over time, and it's important to take security seriously regardless of the amount you hold. Protecting your wallet from scammers and hackers is essential, and everyone should prioritize safeguarding their digital assets.

I don't think that anyone is belittle sats though, I mean it could be the smallest unit, yeah, but that's where everyone starts. I guess if you explore this community, there are a lot of tips and tricks on how to protect our assets. And just remember, "not your keys not your coins adage".

So yes, security is very important even if you are just a newbie or even a experience bitcoin holder.

Because we never know when we are going to be scammed for fall for scammers trick.

Just keep on stacking sats.

First, congratulations that you're owning now a bitcoin.

There's a saying about that a dollar won't be complete without its cents. I know that it's sort of confusing but yeah, that's much like the idea of what you're trying to say.

We all have started somewhere below and every accumulation that we do much be appreciated by none other than us. We're the one who's working with all the accumulation and every single sats that we get do matter.

I've seen that some don't really care about this. As long as you know what you do and you're keeping the private keys and not spreading it through cloud services, you'll be fine.

Do you mean that you started saving bitcoin with a small amount or you just started saving it in satoshi which is like a penny and now you have 1 or more bitcoin?

      If this is what you are conveying in the message, then I congratulate you and just continue the belief that you have in bitcoin until the right time comes when you will sell it knowing that the income you will get from it is enough.

You are one of those people who have great patience in collecting Satoshi grains to become Bitcoin units that you can have as valuable assets for the future. Your advice is very good for everyone and not only for those who are beginners, because almost everyone who works in the crypto space collects Satoshis in various ways to have a large amount of Bitcoin.

What you are doing is part of your own quest to earn Bitcoins and that is great as long as you can still earn a few Satoshis each day to patiently collect. And I'm sure you will also succeed one day if you keep collecting Satoshis, because then you are a big believer in Bitcoin. Continue to collect as many Satoshis as possible and keep them in a really safe place so that your assets are safely kept in your wallet.

You own a whole bitcoin  :o that is crazy Im an old member but now I only have couple of satoshi, Congratulation btw.

What are gonna do with your bitcoin ? are you gonna sell it or HODL it . Just advice but #DWYOR first accumulate again and wait next halving and taste the sweetness of ALL TIME HIGH. hehehe

No, he doesn't. What he says is this


So he, accumulating sats, gives this advice, but does not say that he has it. And if he did, he would have a problem. With a whole bitcoin with thousands of sats inputs he would have to pay a lot in fees to be able to use it or consolidate the inputs. That's the problem, to stack sats is not like collecting coins, it has a cost. In some cases, to stack a few sats, like 700 you're going to pay more in transaction fees in the current market than what you are going to be able to stack.

This story is not very clear to me, how are you gathering sats when there is no more faucets that pay in Bitcoin anymore? The transaction fee of sending Bitcoin is enough to make anyone quit this crazy idea of yours, please share with us how you are doing this because now I'm interested.

You can't buy less than ten dollars worth of Bitcoin on exchange and be able to withdraw it, so I am curious how you making this possible, it costs almost 0.80$ to make a transaction with Bitcoin wallet.

You have to be fully dedicated and motivated to accumulate satoshis and you have to set your goal and have a strong urge to not sell it until its time for you to reap the rewards of your labor and patience, I used to be active on airdrops when I cannot participate on signature campaigns, those satoshis may be small in value but if you look at the big picture and strongly hold on to the believe that Bitcoin will be 50 times when you are started accumulating satoshis.
This is the best time to be patient and trust your goal on the price of Bitcoin.

Being here doesn't guarantee anyone some satoshi or bitcoin itself. The forum might be the one that has some earns means to some bitcoin but not individuals. The most we get is by chance as per signature contracts or through other services offered between users.
As a matter of fact, we might have a well funded newbie as an investor md just needs to be grounded in crypto knowledge as the base of registering on the forum.

Taking profit with just ay pump isn't always a better or best option and am saying that based on how I like to operate. I prefer to hodl so long as I've got no immediate or pressing need for which, other options can't serve.

Accumulating your Bitcoin in bits is what makes the exciting for long-term holders, this way you can easily set aside some amount from your salary or other sources to buy a little Bitcoin.
This way you learn and earn with no stress, I have practised this type of buying style.
Just know the ultimate goal is to accumulate more when price is low.

OP, you talked about patiently accumulating sats instead of waiting to buy a whole Bitcoin. It's a given that most users here may not even have owned a whole Bitcoin. Besides, the positive thing is to hodl and keep hodling as that shows support for Bitcoin. It shouldn't matter if it's not up to 1 BTC.

I believe you're referring to the pre-2017 era. I read it was a glorious era for faucet claimers. I tried my hand on faucets too around 2017/2018 but my experience was far from encouraging. I don't know how many people still indulge it now as it seems to be a waste of time.

It's been a normal, straight movement in the HODLing process, right from time... Don't nobody wanna hold up the idea for real,.. everyone wants to try a little bit, even though they've got much.
I wasn't opportuned to have the capacity to HODL 'em coins that much, for a start....I only started from scratch, then after sometime, I kept building....up till now.
It takes Patience and consistency to be able to follow the market and preserve it's value ( even though sometimes, it's valued exponentially)

Sandra 🧑‍🦰

To be honest Ive think that satoshi is just a metric of bitcoin but still its bitcoin which described in a very small part. So evem though its really small, its still called bitcoin. But Im thinking that with what you expressed can be explained that you have smaller unit and now a bigger bulk of bitcoin. Even though its a 0.01, 0.2, 0.3, or 1 bitcoin and so on still its bitcoin. But Im thinking that you already acquired 1 whole part of it by the confidence response of your context.

This means that now you have successfully collected fractional bitcoins and converted into bitcoin units safely without experiencing hacking of your wallet for a long time, basically when we want to collect bitcoins the most basic thing to do is know how to secure your wallet safely to avoid hacking, for example by store every bitcoin that we want to collect in a hardware wallet because with this wallet we can minimize the risk of hacking so that our assets are always safe regardless of the amount we have.

You cannot make fun of a satoshi these days because anything can happen to the price of bitcoin, especially in the future. With the current value of bitcoin, only a small portion of the world owns it. Bitcoin will be worth a million dollars even if adoption occurs in just half of the world. Additionally, I consider $270, or 0.01 BTC, or 1 million satoshi, to be a significant sum. I am gradually adding satoshis on for the same reason that many of us are making investments for the future.

I agree, but I think your first wallet as a newbie shouldn't remain to be your wallet when you have already accumulated so much. Normally, a newbie's first Satoshis are bought for the sake of experience, or earned from faucets, for example. Security measures may not be strictly followed also. It's because a newbie is just starting to learn. But as soon as you learn the dos and don'ts, the safety and security tips, the best practices, you would also improve in the way you handle your funds.

You are very correct OP. It is little drops of water that makes an ocean and every SAT is valuable and shouldn't be considered insignificant. Let's rewind to some years ago when I was getting free Bitcoin faucet from freebtco, I never for once thought those bitcoins could amount to something big or significant today as I blew off most of them in funding my online gambling account. If I had kept it safe till this very moment, it would have appreciated to a very good amount of money today. So, every satoshi should be treasured and kept because bitcoin is going to worth more in the future.

You did well for yourself by dedicating a Bitcoin to yourself, but I have some advice for you. You should also never throw away your wallet after use, as this is a common mistake made by people who are new to bitcoin. You never know when someone may want to surprise you and send you some sats as a gift, but they may not be aware that you don't use such a wallet again, and we all know that without a private key, your wallet address with your bitcoin is as useless as if it never existed in the first place, as much as we value our bitcoin, security is a top priority for us. To ensure its safety, never share your private keys with anybody.

Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.

OP is right about the little drop makes an ocean, but while accumulating satoshis one should also make a way to invest some more satoshis whenever they get a chance.
The newbies also happen to learn about security and other staff over time, so they can keep their accounts updated and find many ways to secure their wallet from hackers or scammers.

Patience is quite a necessity in the crypto industry, every Satoshi gotten if patiently accumulated with time you definitely gonna make a good sum that you could have imagined while starting. For if you can't start big like others who have the opportunity to start big then don't despite your little beginning.

If you that start taking your security seriously while starting small then when you get it big am not sure you can be able to take it more serious then ever, so everyone should as matter of urgency take the security of their asset seriously no matter the quantity.

When you say you're now a proud owner of Bitcoin do you mean 1 BTC or still in Satoshi but much bigger values. When investing in Bitcoin, I try to teach whoever I'm introducing into the industry to not get too involved with the market much. I don't believe in having to trade your Bitcoin for profits constantly instead I prefer going with the investment aspect. Just my opinion though but instead of me to be constantly in the market accumulating Satoshi as you say, I'll prefer I just save up the money and wait for an opportunity to enter the market to buy the quantity that I can afford at the moment.

I then repeat this whenever I have enough specific amount saved up. As for the securing of my investment. There's a saying that if you can manage the small money that you're receiving now, there's every chance you won't be able to manage large sum of money and I believe say goes for protecting your investment. If you can secure the small portion of Bitcoin that you own now, then you might likely lose them all when you get higher amount. Securing of your Bitcoin is very easy to achieve, just make sure nobody can access your private keys expect you and you're good.

I haven't understood if you're actually holding one Bitcoin as other posters mentioned, or if you're generally speaking about owning bitcoin; congratulations either way. As someone whose first interaction with cryptocurrencies and especially Bitcoin was faucets, in 2014, I fully comprehend your point. Satoshis are still fractions of Bitcoin, and a few years ago, these faucets were giving out a huge amount of them for free. Some of us, including myself, had these fractions of BTC until a few years ago, which were worth a decent amount of money. I'm still occasionally collecting Satoshi through Freebitcoin, just for the experience.

+1, i second that.
The thing is, the first thing that comes to the minds of quite a lot of people when they about to buy Bitcoin is how they are going to get rich quick through it, but if scammers hack into your wallet and steal your funds, then you do not even have any Bitcoins to get rich quick with to begin with, even though Bitcoin isn't a get rich quick scheme per se. If a social esperiment is carried out on the number of people hodling Bitcoins in custodial wallets, i'm pretty sure the number that does so would be pretty alarming, it is bad security practice that should be completely eschewed.