Bitcoin Forum

Greetings,

refer to my previous topic about ''Investing plan" (as this topic is closed to reply back) https://bitcointalk.org/index.php?topic=5473379.0 (https://bitcointalk.org/index.php?topic=5473379.0) i wanna say thanks for this wise advises.

I believe future is for BTC and my investments will mostly on it. I wanna use Electrum as my main btc assets storing. As i heard exchanges is not safe for storing purposes.

Also my plan is to invest after that litle by litle for example from my income to invest 100-200$ in month.

Thanks again for all members who responded to  my previous topic.

Electrum is a recommended wallet for storing BTC, but it is worth mentioning that it is an online wallet, so if you are going to accumulate a large amount of BTC's, you should use a hardware wallet or use Electrum in an airgapped device.
That's called the dca plan, and it is a good one, but do not invest more than you can afford to lose, because BTC is not a get rich quick scheme, neither was it created to be an 'investment' option.

Your plan isn't too bad, but you still have a lot to learn to be able to hold onto your bitcoin investment until it becomes profitable. So in addition to focusing on accumulating bitcoin every month, you need to continuously improve your knowledge so you don't have to panic every time the market has Fuds or negative news spreads. Also, Electrum is a reliable wallet but if you have more bitcoins, you should consider a hardware wallet which will be more secure.

Make sure you not click any random links and learn about security concern, also you need to verify the PGP key [GUIDE] How to Safely Download and Verify Electrum [Guide] (https://bitcointalk.org/index.php?topic=5240594.msg54223763#msg54223763)

Correct, @OP invest $100-$200 per month which is enough to buy a hardware wallet, this thread can be used as a reference Open Source Hardware Wallets (https://bitcointalk.org/index.php?topic=5288971.0), but the most popular and safe is trezor.

It is good that you ask here before you invest, because sometimes thinking out loud is best.

This may be a great investment plan, but it is not the best investment plan because for now it is better to invest in one lump sum, as the price of Bitcoin now will be the cheapest for all the coming months, or it may be the cheapest at all.
Invest now with the amount of money you may need to invest in the coming months. If it is difficult, invest the largest amount you have at the present time.
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You made the right decision dear, I did not mention the usage of Electrum for holding purposes in my reply to your previous post but it's a good choice because it is open source and it can be used with Hardware wallets as well of course it has many other features too. But the most you should see is that the wallet is open source and non-custodial if it has both properties then you can prefer it over custodial wallets like CEXs.
In your previous post, you did not mention that you are planning to invest in part, as you only mentioned you have capital of $1500 so what would be better for you, well if you said, you are a job holder and have a monthly income then I will definitely suggest you to go for DCA as buying in little will not become a weight on your pocket as you only have to invest with what your life will not be disturbed.

I am glad that you are making progress.

I saw your thread a few days ago and I see you also got a lot of useful advice and I'm glad you decided to choose bitcoin over altcoins. The strategy of investing little by little is wise, but I need to remind you that investing in bitcoin still carries certain risks, so invest with what you can afford to lose.

Also, as some people mentioned, you should have a hardware wallet that holds those bitcoins instead of using Electrum, it's also safe but a hardware wallet will give you more security.

In your previous post, you did not mention that you are planning to invest in part, as you only mentioned you have capital of $1500 so what would be better for you, well if you said, you are a job holder and have a monthly income then I will definitely suggest you to go for DCA as buying in little will not become a weight on your pocket as you only have to invest with what your life will not be disturbed.

I am glad that you are making progress.
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I was collecting this 1500$ over months from my monthly incomes. And i wanna to put it on BTC all. Than i plan as mentioned above. I decided to invest that amount on Crypto than keeping it in cash or in banks because i think keeping money nothing gives back hope i am right.

Thanks for your suggestions.

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Thanks community above all for your suggestions and your times.

You are right i have to learn more and here is a great place for it.

I decide to put some portions from my monthly income which will not hurts me. That is good investment than keeping it on banks or as a cash.

I checked some Hardware wallets Ledger nano s and Trezor too . Will buy it too after .

Thanks for making me more strong on this crypto world.

[moderator's note: consecutive posts merged]

I will suggest you not do DCA here because the market is in a bullish cycle which means we might see BTC go up not go down as the DCA technique is beneficial when there is huge doubt in the market like we don't know whether it will go up or down.

So to manage the risk we buy in parts at equal intervals of time with equal money. But if you will plan to invest $100 to $200 in a monthly timeframe then you might miss the opportunity to get BTC at lower rates.

You should focus on getting more BTC while you can because it is the accumulation phase and the sentiments of the overall market is to hold more BTC which means the lump sum is the best option for you instead of doing DCA.

Electrum is a good wallet. Just as others have said, you need to be careful when making use of online wallets to store large amounts of money. For example, if you want to start a weekly accumulation of $100 worth of BTC, it will be safe for you to use, but you should be very careful about the kind of links you visit online with the device on which you have that wallet installed.
 
And if you are to use mobile, it's not always advisable for you to carry about bitcoin holdings on your mobile device. Things happen now that only the ones we are willing to spend on a daily basis are expected to be kept on mobile wallets, which we move around with for security reasons.
 
While you think about the best hardware wallet to buy, try protecting the phrase of the electrum that you have chosen to use, and don't use any cloud storage as a means of protecting your phrase. The old, traditional means of saving phrases are the most recommended. (Paper and pen, and keeping the different locations that can only be accessed by you and those you share access with.)

Since you already decided to invest in Bitcoin, I will advise that before investing in Bitcoin, you should invest in a hardware wallet. It doesn't cost too much lately, and you must choose an open-source hardware wallet. No doubt Electrum is a safe wallet, but we experienced some hacking issues through an update pop-up. So it's less secure than a hardware wallet. And more importantly, you are going to invest on a monthly basis, not once. In these circumstances, I feel you must buy a hardware wallet. You may face any issue at any time, like losing a seed phrase, and at the same time, your device may crash somehow. If something happens like this, you have to struggle to recover your funds. So to avoid hassle, a better practice would be to use a hardware wallet and keep storing it. In case you need to store some altcoins, Electrum won't help you, but the hardware wallet will keep supporting you.

Would suggest reading more about the recent negativity toward Ledger and Trezor before ordering any Hardware Wallet.  They used to be top of the game but now the best Bitcoin Talk members avoid them.

Ledger has lied to their customers about how it was impossible to extract the Seed from their Hardware Wallet.  See the topic here,
https://bitcointalk.org/index.php?topic=5469941.0

Trezor has a pretty sketchy history of wrong doings now.  This quote will help you understand more briefly,

Finally.  It is important to choose a safe way to store your Bitcoin.  If you are choosing to go with Bitcoin ONLY then you can invest in a Foundation Passport which is Airgapped or just create your own Airgapped Wallet using an old laptop or computer you probably have lying around.

Passport Bitcoin Talk thread,
https://bitcointalk.org/index.php?topic=5441422.0

Official website,
https://foundationdevices.com/

Go ahead, if you are lucky, in the coming months, this $1,500 could turn into $3,000 or even $5,000 before the end of 2025. If $1,500 is not a large amount, or if you can invest more, do so because we will most likely not see these prices again.
Some may advise you to invest in some altcoins, but only listen to up to 20% only.

You can just continue the discussion on that thread that you've made. But going on with the topic, it's true that exchanges aren't a safe place for storing our cryptos, especially BTC. Electrum is a good choice and starting with the use of it, you can plan the purchase of your hardware wallet in the nearest future. I am guessing that someday you'll think of having it and that's where you're going to store your Bitcoin purchases and with that $100-$200 per month plan, you really need to have one of those.

Yes hardware wallets are definitely good options when you want to hodl for a longer time when seeking for hardware wallets use Trezor and avoid the ledger wallets for now because some of their new policies regarding ones seed phrase sucks. You can also try out the new passport hardware wallets.

Another way to safely store your bitcoin on offline storage is using an airgapped device for storing your bitcoin. This doesn’t require any purchase of hardware but the device that is to be used for offline wallet creation with electrum should be one that has never gone online before And will never go online.

Your monthly purchase of bitcoin is certainly one of the best idea to accumulate bitcoin, it is just like you’re doing monthly DCA, this will help you minimize the risk of losing and also maximize the profit.

OP, as a newbie in this forum, you should learn how to quote someone properly. So that someone would know that you quoting someone  else in the forum.

I'm able to correct the way you would have made the quote, you are replying to Fiasal2202.

Let's go back to your monthly bitcoin investment plans. It's a smart strategy to have at this point since nearly all crypto enthusiasts want to position themselves to invest in bitcoin in order to catch the moving train, which is the halving and bull run. I'm happy to learn that a newbie has discovered that bitcoin is the wealth of the future. they can invest in it and hope to get the highest returns possible.

I stand behind this plan of yours OP. It’s basic and yet something that you’d easily be able to follow and fall through if you were to take this into the real world.DCA’ing your investment strategy (what you’re doing right now is practically Dollar Coat Averaging since you’re practically allocating a pre-set budget from your money for bitcoin, which enables you to have a stake at bitcoin and crypto regardless of the price action). And since you’re using one of the most secure digital wallets on the market right now, pretty sure you’d have enough safety to get by. I would suggest setting up another wallet however, where you would transfer and park funds if you were to convert them into fiat. That would ensure your main wallet’s not getting touched nor given access to the internet and if worse comes to worst, your hot wallet is the only thing that’s affected.

Also check your PC by running an antivirus scan, check if you have malwares that are active or trojan softwares and whatever. Just to make sure that your PC is secure from stuff that would risk your walletMs safety is all.

Electrum's safe but you've got to keep your seed & password away from prying eyes. If you're going to invest 100-200$ in month your Electrum wallet's going to hold enough bitcoin to make you worry if you lose it so use virus protection software because you don't want to get hacked.

Wishing you success in your investment, but the main objective is to invest for a long time. Since you invest in Bitcoin I think it is the most safe and risk free for your money. But you must learn to control your emotions before investing, if you can't control your emotions then you can never survive in the field of investing. That's why learn to control yourself first and invest later because many times you may face losses due to market volatility.

It will be good and profitable if you invest in Bitcoin from the beginning and plan to invest more in the future. Since you plan to use a secure wallet to purchase your bitcoins, this is definitely the right thing to do. If you use Electrum wallet for bitcoins then it is best and safe for your money is not likely to be hacked. Of course, keeping money in exchanges is not that safe as it may lose time or block your funds due to any mistake. That's why this plan of yours using the right Electrum wallet will always provide you security.

Investing $100/200 won't be too difficult if you get paid a lot of money every month. And if you have planned this then I would say it is good because if you act like this every month you will accumulate a lot of money at some point. When a good fraction of bitcoins are in your wallet you will more than double the profit after a long time when the price of bitcoin is at its peak ATH. That's why I think this plan of yours is best if you can invest this amount every month.

Even if you are a little late in your decision, it is a good decision. It is true that Bitcoin has started to rise, but there is still time to make some additional profits. DCA's long-term strategy is of course the best.

Your best decision is to stay away from centralized exchanges as they are not safe for holding Bitcoin in the long term. Electreum is the best wallet for Bitcoin after hardware wallets. It is highly recommended for people who do not have hardware wallets.

good luck.

Since you are doing already a regular investment every month for long term, I suggest that you should purchase an open source code hardware wallet to hold your Bitcoin safely since it just cost you as low as hundred bucks compared to the total amount you are saving for long term.

Electrum is safe but there’s a chance that you might get hack unknowingly when you accidentally install an app with malware. Hardware wallet can protect on this kind of potential risk since your coins is safe offline.

at least you considered this reply on your last post? and I wanna quote it here since it was already locked.


if you managed to follow this first before literally investing? (specially the hardware wallet thing) then we can assume that you have the safer investment and we will be joining You in our success in the near future.

Hoping that in the future you will just UPDATE THIS THREAD INSTEAD OF CREATING NEW AGAIN.

I wanna congratulate you in advance since you choose this way and chooses the perfect currnecy .

Your investment plan is indeed good. Because you already know about safe wallet storage (Electrum) and you also have a capital accumulation plan to invest well. However, I will remind you of some advice, namely don't forget to use cold money to invest in Bitcoin. Because this will make it easier for you to make your bitcoin investment. Because if for example you use hot capital, this will really disturb your psychology when investing in Bitcoin. Apart from that, you also have to continue to learn a lot about other things related to bitcoin investment. Because if you study Bitcoin half-heartedly or incompletely, it is feared that it will also have a bad impact on the course of your investment.

And final advice, when you decide to invest in bitcoin, you must have a definite intention or target. As is the case with the selling price you want to aim for. Because if you don't have an initial intention like that, it is feared that it will make you confused when you want to take profits or when you want to sell your bitcoin assets. However, if you already have a clear intention or target, I am sure you will be more mature when you want to sell the bitcoin assets you own. For this reason, having an intention or target is necessary when investing in bitcoin.

It's okay if you finally want to start investing $100-$200 in Bitcoin. That is a good plan, especially if you can consistently carry out your plan every month to the limit you set.

It's never too late to start investing in Bitcoin considering what could happen to Bitcoin in the future. And you're not alone @OP. Many people also invest in Bitcoin with the money they can afford.

And if you have $1500 to invest in Bitcoin and want to spend $100 each month, that means you have 15 months to invest. It is likely that your investment plan will be completed in January 2025 assuming you start investing this month.

Good luck @OP.

Sounds like a good plan, but one thing I could advise you - is to continue learning how to make yourself secure from scams/hacks and don't be too complacent with what you're used to. Remember, huge bag attracts a lot of scammers. Though Electrum is one of the secure non custodial wallet, IF used with extra care, but there are several options to make it more secure as your bitcoin grows each time you DCA in a monthly basis.
Also, you need to be careful in buying as well, make it sure that bitcoin has to pull back a little bit against the monthly high for you to maximize your profit during bull season. 
$100-$200 in a month is quite a decent amount and that for sure will multiply in the next 3-5 years. Just don't rush things, plan it out for long term or you can even treat bitcoin investment as part of your retirement plan.

Electrum would really be my best choice next to hardware wallet and even if do able to afford HW but still i do love the simplicity on having that Electrum. Just make it sure that you should really be that be keeping those phrases or PK away on others attention or they would really be able to know. Once exposed then your funds is at risks on which it is really that something that we should really be avoiding on the first place.
If you do able to invest on $100-200 then it would be always recommended that you should really invest on what you can afford to lose. You should not compromise your life savings yet we know that when it comes to this investment in crypto, there would really be no assurance of success and you should really be prepared for that.

Investment decisions would really vary into each person on which it would really be just that depend whether you would really be cashing out when bull run hits or you would really be that holding with your
coins on a very very long time. Of course it would be always ideal that you should really be that taking or reap some profits for sometime specially when you have gained that much.
Do make use of your own common sense because the time comes that you would really needing to take profits.

Although, electrum is considered the best wallet after hardware wallets, we also need to remember that it is an online wallet and it will have risks that we cannot predict. I still remember the story of julerz12's Electrum wallet being hacked earlier this year, and it was a lesson that using software wallets on devices that are connected to the internet is very risky. In my opinion, people with investments of over 1,000 USD or more should own a hardware wallet to ensure the safety of their bitcoins. Owning a hardware wallet like Trezor is not expensive, we should not hesitate or hesitate to own it if we are serious about our bitcoins.

That's nice that you've put it all in and then decided to do DCA with your investments that's the best strategy for you to be honest, but I have to remind you that you have to be prepared to pay a huge amount of transaction fees for when you plan invest more because right now the transaction fees are in insane amount and it's your best interest that you have to put some money for that unless you don't mind the lowest priority. Hope your bitcoin journey is going to be a joyful one and I wish you a strong will to survive the harsh bear seasons and price dumps that's yet to come and you have yet to experience, they'll test your will and if you're going to be able to keep on holding on to your bitcoins.

Yes, the right wallet choice for storing your assets, the technique you want to try to invest in a month is the dca technique, this technique is quite good, because this technique will take the average value of all your assets. But you need to remember that there is another technique, namely the lump sum, this technique is usually used by people who are experienced in investing or rich people out there, this technique is an activity of investing funds at once in a certain time, this technique can produce quite high returns as long as the timing in purchasing assets is right. Yes, of course, in investing you will be ready to face unexpected things or challenges because prices fluctuate a lot, use the money you are ready to lose in your investment.

Thanks for your wishes.

I staid on Trezor wallet finally. I searched about hardware wallets. And as above informed me Ledger had some issues .

There is another plan after Trezor is that: To buy about 8GB USB flash drive and create it as bootable with Linux OS like for example TailsOS and install Electrum on it. When needed can boot up from that USB stick.

Have this option tested ? if yes is it secure?

Thanks, dear JoyMarsha, I did not get any mention of the OP's quotation due to the wrong use of quote tags, but got a mention notification due to your noticing. Thanks for that.

And dear Kalihunter, if that's the case then you should definitely do a lump sum with the current $1500 you have now, and with your monthly earnings savings, you can do DCA. But I will suggest you not go all in once with your $1500 I know that's what Lump sum means but in my opinion, the market might make some corrections so it would be best to take advantage of that otherwise if your intentions are to hold for longer period of time then it does not matter that much that if you buy now by lump sum or not because after 1 year you will be making profit and that's for sure but please DYOR (do your own research).

Thanks for your suggestions.

I wanna purchase Hardwallet like Trezor safe 3. Its price is not high too about 79$. It worth in this price.I will begin with it first.

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update: I ordered a Trezor safe 3 from its official site. I started hope right way.

[moderator's note: consecutive posts merged]

If you can put $100 to $200 every month then you can easily get your hands on a hardware wallet. Electrum wallet is the best out there on its respective category as a software wallet but when it comes to maximum security to your assets you should always consider having a hardware wallet. It's not super expensive. Some hardware wallets start from $50 to $100. I think you can always spare one month worth of invest into buying a hardware wallet. It's a one-time investment but it will keep your assets safe for the rest of your investment plan.

You may end up investing less for a month but do you want to end up losing everything? Electrum wallet has its own reputation for being the most secured software wallet. But that doesn't mean that it is immune to hack. When is related to online, anything could happen at any time if the right person chooses to do it. So keeping your privacy and accept safe should be your first concern. Choosing only BTC is a great idea but also remember that you will have to hold for a longer period of time. Not one or two year it could take 4 to 5 even 6 years. So choose wisely before you keep your assets somewhere.

I was writing the post and you just posted that you have already ordered it. But you can read this to understand how much privacy and safety means to people who are into cryptocurrency. It is a must and hardware wallet is the best for this reason.

refer to suggestions about keeping it safely i decided to take this 79$ from my holding money and buy it. I googled before purchase and most popular was Trezor.

I red all suggestions here of course

Have you started doing these $200 per month dude plans? This is a huge amount, at least for an investor who is going to do a DCA for Bitcoin. And assuming that bitcoin makes $100 000 each, it's not bad because it's actually a big return.

I hope all communities have the ability to do DCA like that. Maybe the source of income that you have is good anyway. If you are capable of doing that, that's fine with what you are planning. But if we can only save a small amount of bitcoins for someone like me that I can't or that I'm not capable of saving such an allocation for bitcoins every month with the amount of expenses, then I do another cryptocurrency with DCA, for that matter.

Of course BTC has the potential to have a good future compared to altcoins whose prices are very difficult to predict and sometimes the price has the potential to be very difficult to return to its highest price, the price could even potentially go to 0.
bitcoin always shows positive things like now you can see it in the market, btc has penetrated more than $35k and this is a positive sign for btc. Your plan is very good and you can use the dca system in making purchases and it will be better when prices drop or are being corrected. BTC in the wallet, it is certainly very good compared to putting it on the exchange and your decision is very good, friend.

And by your decision to join here, of course you are taking a good step because you can ask questions about BTC and other crypto, and I am happy if you are satisfied with the answers given by our friends here.

Glad to know many more people are aware of this and getting into Bitcoin investment based on their own awareness.
Basically, yes, the electrum wallet is much better than storing it in the exchange, moreover it is for investment.
Keep private your keys and don't tell other people around you about your current investment, be safe of your assets. Crimes will be around you if you tell it to everyone around you. Just watch out.

It doesn't matter how big or small you invest in Bitcoin. The most important thing is that this amount is the amount that you can afford to loose for investment. So, whatever the conditions, you can hold it until the target price you want is reached. because the market will always make you feel uncertain feelings.

You heard it right. Exchanges do not give you control of your Bitcoin. They hold the private keys, and you are storing your Bitcoin in someone else wallet. They send Bitcoin once you make a request. They have the option not to send your Bitcoin if they want. They ask for your details to store your own Bitcoin.

Electrum is a good wallet. But If you want to hold for a long time and plan to invest regularly, I suggest buying a hardware wallet. Another important thing is security. Do not fall for scams and phishing. Never share your seed phrases.

As you have choose electrum wallet for saving the amount of bitcoin that you have brought so its a good and safe wallet. Your other plan of investing in bitcoin according to your salary then it's also a good option because lots of people save large amount at once but when they needs money then they don't have a single penny.

Every person invest that amount which is affordable for him so on monthly basis may be 100$ or 200$ is affordable for you that's why you choose such amount for saving in bitcoin. No one should be in worried about bitcoin investment because it make your hopes stronger and make you able to get huge return and make your living style better than previous and present age. Once a person starts investment then he has more interest to put more money and gain more profit but think about your salary and expenses then use affordable amount into bitcoin if possible.

Isn't it intriguing how many bitcoins the "ordinary" individual has? Like asking, "How many dollars does the average person have in their wallet?" It varies by financial capabilities, investing strategy, and cryptocurrency interest. Your question regarding 0.1 BTC being satisfactory is relative, right? Good for what? An investment in crypto is a little stake in a potentially revolutionary financial system. Consider that Bitcoin's value is famously volatile. 0.1 BTC may be small today, but who knows tomorrow? In an uncertain future economy, what is "satisfactory"? If Bitcoin becomes popular, even a percent might matter. However, market changes or tighter regulations could affect its value and usability.

Thanks community for your times. I am satisfied. <3

Your investment plan is actually great, try as much as possible to keep to it and if possible you can leave it in a saving plan like the Bitget shark fin where you still earn additional APR interest on it up to 7%.

OP, you've made good progress in your endeavor to invest your monthly income in bitcoin by finally acquiring a hardware wallet. For the time being, at least, you don't have to be worried about hacking or losing your bitcoin holdings in years to come. That your Trezor (hardware wallet) has to keep your bitcoin safe from future loss is happiness enough on its own.
Congrats on getting a hardware wallet for yourself. It is a good way to start

Aside from the given advice by earlier replies, I would like to add to never save your seedphrases and privatekey to a cloud storage.  Even if it is protected by password, someone might be able to hack that cloud storage and crack your password.  This link (https://www.reddit.com/r/Electrum/comments/1373411/electrum_wallet_hacked/) might give you a hint or explanation why storing seed phrases/private key online is not advisable.

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It does not intrigue me since I have no intention in putting my nose on other people's business.  I only focus on how much BTC I can accumulate myself since it does not benefit me if ever I know other people's BTC holdings unless I have a nefarious plan which is far from happening.  Besides it is an extra effort to investigate other peoples BTC stash when I myself have handful of responsibilities to do.  :D

Trezor is a good one. I also use it, my Trezor also had problems because the screen suddenly turned off after almost 1 year of never accessing it. Luckily, my Trezor wallet address can still be accessed via trust wallet with the Trezor seed phrase that I saved.
https://bitcointalk.org/index.php?topic=5467802.msg62889589#msg62889589

OP's investment planning is very good and very fitting when Bitcoin will also halve. There is no doubt that many also believe that Bitcoin will enter the 4-year bullish circle phase during the halving.

Why don't you buy a new Trezor wallet or use an open source wallet like Electrum or bluewallet? Entering the Trezor wallet seed phrase into the Trustwallet is not a wise idea at all. Trustwallet is not only an online wallet but it is also a closed source wallet and people are discouraged from using it. So far, Trust wallets are safe and you are not taking any risks but you are putting your bitcoins in danger by using closed source and online wallets. I think you need to change your wallet immediately.

Why not. Electrum, a crypto wallet stores digital coins, if I noticed Electrum also implemented timelock functionality in the latest version, which means you can split coins by utilizing different chain lengths of 1x and 2x coins after a certain fork.

I have received several suggestions from fellow bitcointalk members not to place crypto assets in trustwallets, and I also know of several cases of unsafe trustwallets. I have also used Electrum for now, I was forced to access my wallet via Trustwallet to withdraw and transfer my savings in Trezor.

Thank you for providing feedback on this matter.

I'm still thinking about buying a hardware wallet, maybe in the future I will buy a hardware wallet again.

I am waiting without patience to my Trezor :).

Before it arrives I should look some guides using it (How to transfer and etc ) learn everything about it.

I can't save every month to invest in bitcoin. I don't have enough money remaining after expenses so I'm happy he's capable to do it. The OP's going to invest $100-200 every month because he's believing in bitcoin but he shouldn't invest unless he's accepting it carries a risk.

Happy to be of help. Has your trezor safe 3 arrived? Actually, I missed your quote among others; that's why I am replying late. Well, buying a hard wallet to keep funds in it looks easy and must be an amazing experience. You assumed right; I have not used any hardware wallets yet because of the restrictions in my country, but once they are lifted, I will buy one, but my choice would not be a trezor or ledger. I will give it a try with something else, like a passport, etc. Overall, you should keep your hardware wallet and the seed phrase somewhere safe.

Never share with anyone where you have placed the key phrase or your hardware wallet.

Which country are you from and having difficulty purchasing a hardware wallet? I have a friend from Bangladesh and as he said, their country is very strict about bitcoin and they have difficulty getting hardware wallets. But there is always a solution to that problem, he asked a friend in India to buy it for him and then he went there to pick it up. I think if you're in a country where bitcoin is banned, you could do it that way too. Owning a hardware wallet is urgent, I think we should not hesitate if we have economic conditions.

Electrum is a great alternative as we all know, but at the end of the day, it is also an online wallet, and if you are not using an airgapped device. There will also be certain risks when you use it on an online device frequently. If you have a large amount of bitcoin, I think finding a new hardware wallet is urgent for you. I hope the fact that you once had a broken Trezor wallet makes you lose faith in them. They are electronic devices and sometimes there will be unexpected problems but as long as we still have access to our bitcoins it is not too big of a problem as it is not too expensive to own either.

I quoted above but i think again with mistake.

MY trezor safe is on its way and waiting without patience. Thanks for your attentions.

I just went through your previous post where you were contemplating whether to invest in bitcoin or Altcoins. It's better you invest in bitcoin. Altcoin investment is not really safe, you can lose your investment at any moment. The coin that you choose to invest in can crash at any moment and might never recover again, some will end up being a dead coin. That's why I do discourage altcoin investment. But if you invest in bitcoin, even if there is a dump, it's a matter of time before it bounces back.

You also said you want to invest $1500. I hope that's not your life savings. Don't invest all your money in bitcoin. Always have money outside bitcoin. It's better to you invest little amount you can lose when making investments. Don't say because people are talking about bitcoin investment, you are also going to invest everything you are having in bitcoin.

Just make sure you properly secure your wallet private key. So many people have lost their private key just because they didn't properly secure it, and if you lose your private key, then you are already losing access to your bitcoin. That's why it's better you first learn about wallet security before buying bitcoin. Make sure anywhere you are storing your bitcoin, there should not be an internet connection. Because if your private key is stored online, it can be hacked by hackers, it's better for you to carve your private key on iron steel and store it in multiple places.

I plan to use airgapped for a while. Of course, there was a feeling of trauma in using a hardware wallet because my device suddenly died. However, after I explored and got enlightenment about everything that happened to the damaged hardware, I was able to access the private key again and retrieve the assets that I had, which was a bit of a relief, I didn't give up, I also have future plans to buy a new Trezor model. But for now I might choose airgapped first.

Can you use Amazon, Ebay or Aliexpress to buy it?

I do believe that people who like to do long term investments plans for bitcoin are smart people. You may not get to become rich overnight with bitcoin, but if you keep buying and keep holding then you are going to end up doing a lot better.

I understand that it may not be too simple, but we need to end up realizing that we are going to profit from it one way or another. Long term investment is very important, and doing it with something that is sturdy and strong is even more important. Back in the day people did that with gold, because we know that gold will be profitable and that means we are going to end up with a lot worse, and I believe that we should end up wanting something bigger, it will certainly help you, these days bitcoin is better than gold, so we prefer that.