Bitcoin Forum

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

First you most have the basic knowledge about bitcoin. What is bitcoin, reasons why it was created and where to keep your bitcoins when you buy them. And what is wallet? And know the different between non custodial wallets and custodial wallets. And the most secure place to keep your investment bitcoins is non custodial wallet like Electrum Wallet. Where to buy bitcoin? You can buy them in moonpay if it is working in your country or someone you know as peer to peer (p2p), I will not advice you to buy from exchanges because to send them to your electrum wallet will cost you higher transaction fee. I have tried that and the fee was very high ($13 to $20).
And you have to use DCA method to buy them either weekly or monthly but that should be depending on your income flow.

Welcome to bitcointalk forum buddy. Since you said you are new into bitcoin means that you don't have any knowledge about bitcoin investment so i will advice you to buy and hodl for now afterwhich you can seek for more knowledge that will guide you all through your investment period. I don't think you should mix your portfolio with any shitcoins, just concentrate on bitcoin and if there is need for you to own a portfolio in other coins then it's your choice but it should be better if you show more interest in building a sizable portfolio in bitcoin alone.

Your allocation will depend on your income and how much you can invest from your discretionary income from time to time and for risk management, just know that bitcoin is volatile, from time to time it will be experiencing market fluctuations but you don't need to panic and make sure to invest an amount that will be convenient for you without putting you in a state of discomfort after you must have invested, don't be aggressive in your investment if you can't bear the waves of the market.

If you are just starting out, I suggest sticking with Bitcoin only.  Plan on buying and holding Bitcoin and nothing else.  Dont get distracted by altcoins or meme coins.  They are risky and mostly worthless.
My second suggestion is to simply buy regularly, regardless of the price.  Dont try to time the market.  This is also known as, Dollar-Cost Averaging (DCA).  It takes the emotion out of it and is the most effective strategy for building a long-term position.

Welcome to the forum, by the way.

I appreciate your courage towards learning and this is because you realize you don't have to make the same mistakes others are doing in cryptocurrency by learning, also to start with, you have to understand that as a beginner you need to choose Bitcoin as your first cryptocurrency to invest, after your investment, you also have to decide on the strategy to use before and after investing and during your holding period, which could be from the strategy you are using like buying the deep and holding, using DCA to buy and hold or even go on trade as you probably may be capable of doing it, but as a newbie, I will not advise that you should invest in altcoins because of the risk of losing your money on them at the long run.

Y'are welcome to the forum, but first of all, how did you hear about this forum? From the internet or from a friend? If from a friend I'm sure your friend might have told you little about Bitcoin and if through the Internet then it might be that guy are quite serious about Bitcoin investment. However Bitcoin investment is not a get rich quick scheme, so if you are looking forward to make quick money through Bitcoin investment then you are probably wasting your time. What you should do right now is to decide whether you can invest for long term and make sure not to diversify much of your fiat into altcoins than Bitcoin because altcoins are risky investments.

Bitcoin only is actually good for beginners. I've done that and can say that it has been a profitable journey for me. And that's why it's a yes for me with this rather than going to and fro mixing it with other tokens that you'll randomly buy. Start with BTC-only first.

DCA(dollar-cost average).
Only invest what you can afford to lose. You don't have to own as huge as you can be, what matters is you'll consistent accumulate however you want and whenever you want.

Start with any Dummy Guide to learning about Bitcoin. Usually it would entail a brief history, then how to buy and store Bitcoin, and some things about privacy. Again, nothing too serious but enjoy to make you feel at lease a d not scare you off on your first read. You can buy Bitcoin and other assets. But it may be too much for your at the start. In the beginning do not focus on diversification. Rather on buy small portions- what they call DCA. It works good easily. Lastly, I'll focus on reading and getting authentic information from reputable website, resources.

It's usually better to focus on Bitcoin first, since it's the most established and at least risky compared to other altcoins and tokens. Later, you can explore diversification, but only after you've mastered security, wallets, and risk basics.
Buying and holding is good and it's the basic things to do here, but if you want to trade more often it's good as long as you learned and get the knowledge about it.

Already mentioned by many just try to understand basic things about Bitcoin then have good knowledge of wallets because its most important thing here details available https://bitcointalk.org/index.php?topic=1631151.0 understanding of wallets and its security is always first thing in this community.

As you understand this after having good knowledge then you can go ahead with your strategy because before entering have all things ready will be helpful for you if you are interested in trading then try to learn and read about risk management because without this you will be not able to understand fundamentals of crypto trading which is volatile and can give you serious loses. Always beware of suspicious links and sites because recently too many active around here for steal funds.

You can start investing in Bitcoin, and it should be long-term. And you will collect according to the DCA method, in this case you definitely need a strong Bitcoin wallet. If you have the ability, you can choose a hardware wallet, and if you want to use a software wallet, you can take the Electrum wallet. And you can keep collecting Bitcoin according to the DCA method with your money weekly, then your Bitcoin investment will also help to be long-term and you will be able to buy Bitcoin dips constantly.
As a result, it will be much easier to achieve success in Bitcoin investment.

The most important thing is to understand what Bitcoin really is, because there’s a lot of misunderstanding around it. A lot of noise and distraction. The deeper you go down the rabbit hole, the more you realize Bitcoin on a higher level  and you start to see what’s happening and where things are going.
That’s why I believe it’s crucial to take the time to study and research Bitcoin. To truly understand it, you first need to understand economics and money, the history of money, different forms of money through time, how banks were created, how paper money came into existence, and why gold was considered money for thousands of years.

That’s why I highly recommend reading books like The Bitcoin Standard, Broken Money, The Fiat Standard, and others.Read the article on the origin of money, https://nakamotoinstitute.org/library/shelling-out    Shelling Out: The Origins of Money by Nick Szabo from 2002. Nick Szabo is a well-known cryptographer and is often linked to the theory that he might actually be Satoshi Nakamoto. He worked on the concept of “bit gold,” a precursor to Bitcoin that shared many technical similarities, but he has never claimed to be Satoshi.

If you don’t understand the basics and just jump into the hype around crypto, blockchain, or trading, chasing quick profits, you will almost certainly lose money.If you lack knowledge and understanding, you won’t have the conviction to use Bitcoin as your primary money for savings or as a unit of account. If the price drops, you’ll panic and sell in fear, or get lost buying various scam altcoins hoping for bigger returns, and the result will be that you lose everything.

I believe everybody should start with Bitcoin. And for as long as you can't get past your newbie phase, hodling should be the only option. Experimenting with altcoins and trading may come later, that is, only after you've sufficiently exposed yourself to the market and have already familiarized it.

Interestingly, however, by that time, you're probably convinced that Bitcoin and hodling are the two best way to go for your crypto portfolio.

You can use a simple strategy buying BTC for $50/Month or less up to your possibility. It worth it on a long distance. But it is more effective to buy on low market in years when BTC price down and everybody sell it massively, and vise versa sell it when market is on its peaks after halvings. Besides, think about active income in crypto like trading on alltcoins, that will help you to rise deposit. You can buy BTC in low market and push it to staking and just wait for a long time, you'll be in positive anyway.

Only investment, don't trading and with investment, Bitcoin is a strongest cryptocurrency in its blockchain security as well as in this volatile market, it is a safest cryptocurrency for your investment.

Invest with Dollar Cost Averaging strategy that can help your investment porfolio by gradual long-term bitcoin accumulation very well. There are some websites that can support your DCA practice.
https://costavg.com/
https://dcabtc.com/
https://www.bitcoindollarcostaverage.com/

Only invest your money in Bitcoin.
Don't expand your investment from Bitcoin and mix it with altcoins. Altcoins are low or zero value, very weak and can die any time especially in a bear market.

Invest your money in altcoins means losses in the future.
How many cryptocurrencies have failed ? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed)

I don't know what you are aiming but try to see this.

https://www.fortunebuilders.com/p/how-to-invest-in-bitcoin/ and also you can add this https://www.bitcoin.com/get-started/bitcoin-trading-for-beginners/

Everything will depends on what you like to do and strategy you want to apply. Since each one of us have different preferences that's why I suggest that you better read lot of articles also good opinions, so that you can build solid knowledge towards those things that can help on your future investment on Bitcoin.

The first thing you need to know about Bitcoin is the fundamentals. Second, it is not an investment that will make you rich overnight. Third, you need to ensure the money you invest in Bitcoin is money you can hold for the long term, you should use the DCA method to manage your finances well. The last, you should have a steady income so you can make installments to invest in Bitcoin.

So, if you can implement the points I have mentioned, I am confident you can be successful in holding Bitcoin, and it can even make you feel confident and secure in your long-term investment. By the way, I advise you not to try investing in altcoins, especially those without clear fundamentals, as there is a big risk of losing your assets or money. Therefore, it is best to stick with Bitcoin, as I personally only believe in Bitcoin for the long term. Well, maybe you see it seems easy to apply, but I think most people fail, and one of the reasons is because of the many temptations, especially when hearing about someone who has succeeded in getting rich from a certain altcoin, when in fact it is one in a million people who will get it (or even more than that), so you should not be easily tempted.

You might want to follow this several threads,

• Buy the DIP, and HODL! (https://bitcointalk.org/index.php?topic=5132720.0)
• Buy Buy Buy or Sell Sell Sell? (https://bitcointalk.org/index.php?topic=5487753.0/)
• JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance) (https://bitcointalk.org/index.php?topic=5475347.0) by @JayJuanGee.

Best of luck in your journey.

You 're asking for financial advice and unless someone is a financial advisor or an investing professional, you shouldn't take free advice from people on a public forum.

Hypothetically though, if you learn about Bitcoin and have a solid knowledge, you will conclude that the best roadmap is:
1. Buy bitcoin
2. Send bitcoin to cold storage
3. Repeat

If the buyers value privacy, buying must be done on DEX or P2P as buying bitcoins on centralized exchanges with KYC is not good for privacy.

Find no KYC exchanges
https://kycnot.me/?categories=exchange&currency-mode=or&currencies=btc

There are several topics on cold storage.

Creating a cold storage wallet in Electrum. (https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/)
[LIST] Open Source Hardware Wallets. (https://bitcointalk.org/index.php?topic=5288971.0)
[GUIDE] How to buy a Hardware Wallet the right way. (https://bitcointalk.org/index.php?topic=5288201.0)

As someone that's just getting started, I would advise that you stick to Bitcoin because most of the altcoins are scams, especially memecoins. Sticking to Bitcoin would save you from investing in fake coins or tokens where you could lose your funds. Also, you can be buying bit by bit as you have money, which is also known as DCA, or you can buy by a lump sum. You just have to choose a method and start accumulating.

Maybe i should share this link (https://bitcointalk.org/index.php?topic=5352280.msg57595549#msg57595549) with you. It is an ugly experience of a forum users who had made several mistakes by investing on Alt Coins which where totally shitcoins and hope it was going to perform like Bitcoin during his begining stage but it was to no avail after loosing his money and later realized Bitcoin was best reliable to invest on While diversifying to Alt Coins demands more experience about Crypto and understanding the concepts of volatility.

So for the benefits of not regretting, see Bitcoin as the only reliable digital asset at your level as a newbie because there are too many worthless (shitcoins) being developed and imitating Bitcoin but are full of hypes. Beginners like you had always fall victim by investing on those shitcoins and thereafter out of inexperience tag crypto as scam after loosing their funds. So as a newbie, I am recommending you to invest on Bitcoin which is most reliable digital assets. And note that crypto is not a scam but there are Alt Coins developers whose interests is just centered to lure users and steal their funds. Be guided.

This link contains basic and professional guidelines for Bitcoin and crypto users including wallet and security guides.
https://bitcointalk.org/index.php?topic=5275357.msg55181788#msg55181788
Sure would help you and other newbies make wise and secured decisions if you are attentive and truly want to explore in the cryptography.

If you are new to Bitcoin and want to get directly involved with it, especially investing in the long term, then the first thing you have to do is understand the basics of Bitcoin, then continue to learn and increase your knowledge about everything related to Bitcoin, including monitoring the market regularly and conducting personal analysis before starting to invest so as not to make the wrong decision.

Over time, you can develop an effective investment strategy and manage risk well. The most important thing is not to rush into making decisions and try to invest with money you can afford to risk. Investment strategies and risk management are also essential for determining investment goals. DCA is commonly used and easy to apply for beginners just starting out in investing. Don't forget to always set stop loss and take profit to limit losses and secure profits.

Never be afraid to go further, especially when it comes to Bitcoin, because after being on the Bitcointalk forum, you will gain a lot of knowledge and can also ask seniors directly about things you haven't mastered.

It is so right things to do (with Bitcoin) and avoid (with altcoins) and I recommended similarly too. I would prefer to advise one more thing, don't let cheap prices of altcoins and more number of altcoins you can buy with same capital to derail your investment decision from Bitcoin.

Most newbies are attracted to altcoins because they consider Bitcoin as too expensive, and altcoins are too cheap so that they say No with Bitcoin, and Yes with altcoins. The severe wrong thinking and terrible mistake made are like things are only expensive if they are overvalued and you will pay too high cost for it while later you can not sell it with same price or with very big loss.

With Bitcoin, if you can hold it a long time, you won't have to sell it with loss while with altcoins, you hold them longer, you will increase risk of having loss and bigger loss with time.

These articles can enlighten newbies on risk of altcoins.
The two types of altcoins: an investor's view. (https://woobull.com/the-two-types-of-altcoins-an-investors-view/) Two types are Oscillator and Degenerator. Unfortunately, most altcoins are degenerators, not oscillators.

How many cryptocurrencies have failed ? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed) is another article with strong reminder on high risk of altcoins.

Basic knowledge should come first before starting the investment journey in Bitcoin because you can't jump into a field without knowing what's involved and the precautions that should be taken to end up successful.

Being successful in the crypto market requires us to be diversified, apply DCA, and have a long-term investment plan. All that will be possible if you learn to think about investing in Bitcoin more than you do in altcoins.

Remember, that there's no investment without its own risk. Risk is always involved. It is how you risk it that will give you the desired profits, if it is a well-calculated risk

Keep it simple. Buy bitcoin with whatever money you save for the month. Keep this consistent.
It will help you buy bitcoin using DCA (Dollar Cost Average) which is a good strategy for beginners.
Don't focus on altcoins for now until you buy a decent chunk in bitcoin.
Also, if you have a skill then you can use that to earn more money and buy more bitcoin or may be get paid in bitcoin directly.

Welcome onboard mate, read all the comment on here because they are helpful, they will help you understand perfectly what you really need to know about the forum. I did not bother you read all the comments on the thread so I don't know if someone might have share the link of the forum rules to you already but here it is: https://bitcointalk.org/index.php?topic=703657.msg7955645#msg7955645]

If you want to invest in bitcoin, you should probably invest for long term and also use DCA strategy to invest to make profits in the future.

Firstly, welcome to the forum, it's a good thing you located the beginner and help board to ask this valuable questions. As a beginner I'll recommend you focus on bitcoin alone rather than diversifying to other projects. And if you have a steady source of income you might want to make use of the DCA, and even if you don't earn on a steady bases the DCA is still the best choice for you. It'll help you remain calm and confident of yourself especially in this early stage when you might start having emotional issues with price when you experience dips or sideways movements for a while.

As a newbie, focus on investing in bitcoin, let it take the bigger part of your portfolio. Your bitcoin should take about 80% of your investment if you ever wish to invest in other assets, but if you don’t have any wish to diversify into other assets, just focus on bitcoin only, it gives you the freedom other assets can’t give you in the long term. When it comes to BTC investment, the risk is very low when you’ve decided to invest for the long term and you’re using your discretionary income to do the investment. To have a proper low risk investment, have an emergency funds set aside while investing in bitcoin and use only amount you’re ready to set aside for the investment.

To begin with, what do you hear or know about Bitcoin? What do you know about wallet? What's your risk tolerance level?

These questions may seem simple but trust me if you can not answer them accurately, you shouldn't be talking about building portfolio or whatever. Moreover, your response to these questions will serve as the basis to offer you a more reasonable advice. Don't rush into what you'll regret later simply because you don't have the basic knowledge.

Despite saying that you are a newbie, I would like to ask if you have basic knowledge about Bitcoin and cryptocurrency in general.What I mean by basic knowledge includes understanding the risks involved in both Bitcoin and other alternative coins, as well as knowing how to buy Bitcoin from an exchange and move it to your personal wallet.If you do have this knowledge, then you are free to invest. But if you don’t, I would advise you to first calm down and learn the basics before investing your funds in Bitcoin or any cryptocurrency.

So, my advice for you as a newbie is to fully focus on Bitcoin investment for now, and not to try investing in other altcoins.The reason I say you should focus on Bitcoin is that Bitcoin carries less risk compared to altcoins. Many altcoins are just pump and dump" schemes, and as a newbie, it will be hard for you to differentiate between the good ones and those designed to scam people.Trying to invest in the wrong altcoin can lead to losing all your funds quickly, as these schemes are designed to manipulate prices and exploit inexperienced investors.Also, if you want to invest in Bitcoin, do not invest money you can’t afford to lose. Only use discretionary income not money you may need in the near future because Bitcoin is highly volatile in nature. Its price can decrease or increase at any time.

Understanding very fundamentals about Bitcoin like

Bitcoin private keys.
Which wallets provide Bitcoin private keys to users. The answer is non custodial wallets.
Which wallets are better between open source and close source. The answer is open source wallet.
Necessary steps to use wallets: install, verify, make backups, use backups for recovery.

These things are fundamentals but they are also vitals for fund safety so it's worth to spend decent time for learning about them.

Starting cryptocurrency does not permit to include altcoins in the early stage of your journey, if you want to have an itch free experience at last, understand why bitcoin is first needed and how you could choose to develop a suitable strategy in its investment as to how you can safely  secure a path through a suitable investment, some can buy to accumulate over time using DCA, buying the dip and holding and so on as we may see it applicable and affordable by us.

As new investor best way to start with Bitcoin is to first learn what it is and how it works. You should only invest money you can afford to lose and it is good idea to invest small amounts regularly means Dollar Cost Averaging. To keep your investment safe you should use trusted exchange and store your Bitcoin in secure wallet like hardware wallet for long term holding. It is mostly recommended to focus on Bitcoin first before considering other riskier cryptocurrencies. So it is good to have clear plan and stick to it without making emotional decisions.

Don't sell just because you are panicking about a current dump, or news event. That is the best advice I can give you. Had I followed this advice when I was a newbie to Bitcoin, then I would not have lost a LOT of money.

You can buy other assets but I would not recommend it. In the long term, Bitcoin is the only coin which truly gains value. Altcoins/tokens usually dump back down to where they were, even if they rise in price faster than Bitcoin. But they do not stay at that level and just crash out.

It can be your advice and also a common advice by experienced people in cryptocurrency market but the reality is opposite. Newbies in this market are mostly attracted to altcoins which are cheap in their eyes and unfortunately, they lost a lot of money to altcoins that are mostly useless and scam.

How to buy and where to buy bitcoin. With concern of privacy and no concern of privacy, there are different exchange options to buy bitcoins. If you want privacy, choose DEX or P2P but if you don't care about privacy, use Tier1 Centralized Exchanges.

Know how to store bitcoin and where to store it. Recommendation goes to non custodial and open source wallets for bitcoin storage.

Don't buy because you see the others are FOMO and you want to join the FOMO wave.
Don't sell with panic because you see the others in the market are panicly selling and you read fud news.

It's easy to say but practically, it's very challenging if you don't prepare your knowledge, finance and investment capital well enough.

How long you are planning to hold? and will you be okay with losing your capital?

The safe choice in crypto is bitcoin, you can see them on every crypto exchange and there are other possible ways to buy them like p2p, f2f, OTC, DEX and swap exchanges. And I will recommend buying via any centralized exchange if you are not concerned about privacy.

Mixing altcoins can be tricky and I won't suggest it for a newbie but who learns from other's mistake? :D

Welcome to the Forum bro.

You can stick to BTC since it has a solid foundation especially for long term hold but if you're flexible for other assets, you might check the no. 1 altcoin which is ETH that is also considered to be part of ETFs
https://etfdb.com/themes/ethereum-etfs/

But you should find a good position since we're currently on peak or you can DCA always since long-term hold is your main play for trading.

You are right my friend, a new investor will do better if you stick with only Bitcoin. The risk is smaller and bearable unlike some other altcoins that you can wake up all your money is gone. Most of the major losses that we experience in cryptocurrency are from altcoins and those can be avoided if one invest only in Bitcoin.

Because you want to build a long-term investment plan. Yes, I would suggest focusing first on Bitcoin. For Altcoin assets, you can study them first. Not all Altcoins are bad.
For your investment allocation, it actually depends on your financial capability. You need to manage your finances well first, until you find the right value to invest.
For more comfort, it’s better for you to separate savings funds and investment funds in your financial management. Some people set aside emergency money to anticipate securing investment assets if there are issues with their finances in the future.

Focus on Buying, HODLING and Learning, these are the basic three you need to get a fine sail on your Bitcoin journey.  For your buying, making sure to use the DCA strategy of accumulating Bitcoin, that way, you get to seamlessly accumulate a good unit of Bitcoin without having to break the bank or stressing your financial capabilities.

As a beginner do only Bitcoin.  For your HODLING, make sure to use a non custodial wallet, do not store your assets on an exchange, that exposes your wallet and make you prone to hacking and also loose your assets in the incident of a compromise on the exchange. And lastly for studying? Hear on the forum you have a pool of materials to study from a d beyond this forum ars also some out there, pick a mentor and follow in their footsteps, that way learning becomes easier for you and in the shortest time you will make.good progress and benefits from Bitcoin.

Welcome to bitcointalk. Don’t jump into investment yet, but secure even the basic knowledge first so that you will be aware on the do’s and dont’s regarding bitcoin investment. And when you do, focus on your bitcoin investment, and follow DCA method as it will definitely lessen the risk when accumulating bitcoin especially that this coin is more expensive that altcoins.

Once you have made impressive profits, that’s the time you can consider diversifying through some potential altcoins. But always prioritize bitcoin accumulation more than altcoins, as they are just alternatives to bitcoin itself.

Try to use discretionary funds for Bitcoin accumulation. Try to apply long term investment strategies and avoid using short term trading strategies with high profit expectations. This mental preparation can help you reach your goal if you are trying to build a long term Bitcoin portfolio.

If your initial preparation for Bitcoin accumulation is complete you should start now without delay. It does not matter how much money you start with. You can start Bitcoin with any amount of money for example if you have $50 - $100 start with that and at the end of the week keep any amount of Bitcoin from your discretionary income for accumulation. Risk management is the most important thing in long-term investments that is why you are advised to deposit through discretionary income.

Along with regular accumulate create an emergency fund so that you can use that fund for emergency needs during the investment period without withdrawing the investment. Avoid short term trading or buying shitcoin with high profit expectations.  To manage your investments for the long term, try to maintain your goals through patience and tolerance.

Good advice, it is good to let the newbie know between Alcoin and Bitcoin because some of them don't know the difference, when some hear about investment, they only think about buying any coin and holding is the best decision, you should be able to identify between Bitcoin and Alcoin, Bitcoin is the best investment for anyone who is into cryptocurrency, most especially the newbie, investing in Bitcoin with a good mindset and holding for the long term, Alcoin is very risky than Bitcoin.

Newbies also need to know about the DCA method as it one of the best strategy for investing in Bitcoin, looking at the price of Bitcoin will not make some newbie to invest in Bitcoin because they will be looking at the amount they have in that particular time, buy using DCA method you can be able to buy bitcoin without thinking of the price before buying.

I agree with my friends here, firstly before diving in further, it would be better to learn the basics of Bitcoin itself, so that you are able and understand how the patterns and how it works before diving in further.

Welcome @op
I am also new to Bitcoin investment,  although with some level of experience than you. I will not advice that you invest in different coins. As a beginner,  diversification isn't what you need right now, that will only be exposing you to more risks. If you care about risks management right now, that is one advice you should take seriously.

Do not fall for the hypes on shitcoins and altcoins, you might be taken unawares. Invest in bitcoin and have a long term investment plan. Also avoid strangers who would want to mislead you with scam offers, do not get greedy.

Invest into different coins is a good strategy only if other coins (not Bitcoin) are good and won't die or cost you big loss. Unfortunately, in cryptocurrency market, you only can find a coin like this, it's Bitcoin which can be your safe heaven and after ups and downs, bear market, it will recover, make a new market bull run, then many new ATHs.

If you invest money into Bitcoin, hold it through bear market and market volatility, you will get profit after a long time.

With altcoins, if you buy them, hold them a long time, you will have loss, big loss or lose all your initial fund.

It’s simple, as a beginner, you really don’t get to know much on what coins to buy, why you are buying them, how you evaluate them and what promises does the coin has. Most of all those altcoins and tokens out there often turns out to be scam coins or dump within their first year and that’s peoples investment funds sunk beneath the sands.

That’s why it’s advisable to invest in Bitcoin. It might seem like the prize has gone over the roof but, the fact that you can build from buying small fractions is where you should pitch you rent.

Focus on developing a plan that allows you to use DCA strategy and buy periodically to build a portfolio. You would be amazed at the mile you would archive and what it’s worth in value through time.

Before investing in Bitcoin, it is good to learn its basics. The main thing is that it is a cash flow that is suitable for long-term investment or accumulation. To understand the Bitcoin investment pattern you should gain knowledge about the DCA method. The method teaches you how to run a long term accumulation Bitcoin process at any price.

For more details about Dollar Cost Averaging (DCA) ..https://www.investopedia.com/terms/d/dollarcostaveraging.asp

As a better that want to make investment in crypto space, it’s just better to buy and hold bitcoin, that’s the safest coin which I know, and holding for a long term is less risky. If bitcoin price drops, just know that with time the price is going to bounce back, but if you decide to hold some random altcoins, if there price drops, some might not really bounce back again.

Before you hold bitcoin, make sure you understand how you are properly going to secure your bitcoin, know the appropriate wallet to use, know how you going to secure your seed phrase, because if you can lose access to your seed phrase, then your bitcoin is gone already, and if anyone can access your seed phrase, then you should know that they already have access to your bitcoin, they don’t need your permission before they move your bitcoin, that’s why seed phrase shouldn’t be joked with.

If you are planning to secure your seed phrase, make sure it’s completely stored offline, anywhere there is no internet connection. You can decide to carve it on an iron steel and store it in different places.

Also if you are planning to invest, the best strategy which I will recommend is DCA strategy, I will say the strategy is less risky, and as long as you are holding for long term, then you don’t have problem with that.

I started wrongly by investing in new projects thinking I was going to catch a token that would pump so hard but I was wrong because most of them were shitcoins that never gave me the opportunity to sell at a profit. Those terrible experiences would have been averted if I had considered investing in Bitcoin a lone. If you want to invest in anything apart from Bitcoin, you should use a small portion of your capital to do that and put the rest of the money into Bitcoin.

For beginners, in order to avoid higher risk from losing, stick with bitcoin. Yes, it’s expensive but you don’t have to buy instantly the whole coin, but buy portion by portion through doing this DCA method. I believe this works for majority here, so there’s no reason why any newbie will lose from this.

And one more thing, when you invest, do not aim to get rich in just a short period. That will be a big barrier for the success of your investment. You will get rich with bitcoin in the long run, but patience and resilience should be prioritized more than greed and selfish desires.

Everyone needs to know and choose good methods, wallets for storing their bitcoins as same as their wallet backups.

It's unsafe practice if they have thinking like at beginning, they don't have to mind about it and can use centralized exchange account, custodial wallet to store their bitcoin, then they can have a lot of time for learning and changing.

Centralized exchanges are so scam and if they practice like this, it might be too late for them to change for securing their bitcoin.

Reminder: do not keep your money in online accounts. (https://bitcointalk.org/index.php?topic=5421039.0)
Exchange graveyard. (https://www.cryptowisser.com/exchange-graveyard/)

I cannot say you're wrong with your experience, however this depends on the exchange you made your purchase from our maybe you've done it when the fees were high.

It's good to know that it's more economical consolidating funds to amount to something tangible before sending to your non custodial wallet since the exchange charges a flat fee rate on transactions of any quantity.

Secondly it's good to target when the fees rate is relatively low from mempool decongestion before you attempt such activities so you'll not pay a high fee.

NOTE: Seeing your response, I didn't want to outrightly disagree with you, so I went to my Binance and tried sending some funds to my electrum wallet and the charge was a $3.33 flat rate. I even tried sending up to $2k worth of BTC and the fees were still the same

https://i.ibb.co/kskrSX1d/IMG-20250904-112048.jpg (https://ibb.co/Jw0bsHQh)

Centralized exchanges have static expensive withdrawal fees and I warned about it too. If you have small fund for each DCA, you must wait a while to withdraw in order to save withdrawal fee. However, this fee does not depend on mempools in most of time as centralized exchanges mostly don't care about it, except if memppols are too overloaded and they go ahead to charge extra fee on users.
Old story. Exchanges get profits from users' withdrawal fees. (https://bitcointalk.org/index.php?topic=5306935.0)

If you DCA and already moved your bitcoins to your non custodial wallets, by moving coins different times, you will have different UTXOs, then will have need of input consolidation. It's time for knowing about Mempools and choose good times for consolidating inputs.

Buying Bitcoin to hold is the best form of crypto investment that is completely reliable right now since alt coins are centralized and we can’t trust them anymore especially with this current market condition; instead of buying some altcoins to join with the Bitcoin as a beginner might no be suitable for you unless if you have some background knowledge about the project, but if you don’t have any information about the project then you should just stick to Bitcoin that you know and anyone knows so as to be safe because Bitcoin is controlling the market entirely.

Nevertheless, learn about wallets, keys and address, and some important security measures before you kickstart your journey because wallet will be the home to your Bitcoin.

Just know what Bitcoin investment is all about and chose a good strategy which you can use to invest into Bitcoin for the long term. Which chosing the strategy to use, don't forget about DCAing strategy. That's the best that can give you the opportunity to invest with small amount for the long term. With DCAing strategy you can keep on accumulating small numbers of satoshis into your portfolio. However Bitcoin investment is not a get rich quick scheme, don't be in a haste to making profits and don't panic to sell out when Bitcoin dip.

You need to state some facts about your finances so that we can give you at least a near-accurate Bitcoin portfolio-building map. Everything you will be doing depends on your available cash flow balance, this is very important, and if it's not known, we may give you utterly wrong advice that won't work for you in the long run.


However, there is one generally acceptable approach to Bitcoin accumulation and portfolio building, which is DCA. This approach involves buying a small amount of Bitcoin at regular intervals, depending on your available cash flow set aside to buy Bitcoin.

This kind of information you are requiring, no one gives it to anyone. Just do your own research. But you are also free to take advices from people, but all advices have disclaimer placed on it because we are not financial advisors.
I will however recommend;
60% of you portfolio to be BTC;
The remaining 40% is for altcoins.
10% ETH,
5% BNB,
5% XRP
5% Sol
10% Stable coin ( This will serve as a hedge)
5% for meme coins gambling.

It's quite risky if you think your fund stored in stablecoins is safe because stable coins are truly dangerous. I will mention some topics that prove danger of stable coins below. Before showing you those topics, let's say with 10% of your fund assigned to stablecoins, it reduces risk a little bit.

Stablecoins are safe only when they were not in death depeg spirals.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)
Stablecoins and Blacklists. (https://bitcointalk.org/index.php?topic=5247581)
Stable coins: a deep dive into valuation and depegging. (https://www.spglobal.com/en/research-insights/featured/special-editorial/stablecoins-a-deep-dive-into-valuation-and-depegging)
Tether (USDT) - Backed by Air and Words (https://bitcointalk.org/index.php?topic=5399926.0)

First of all, you need to be active on the forum to understand the reality about Bitcoin accumulation. It seems you disappeared after creating this post. However, you can ask here for questions or suggestions from us. But the direction of your post is most likely financial advice, and we won't be your legal advisor. We can express our thoughts about accumulating Bitcoin at the beginning, but don't consider it as financial advice.

If you ask me, then I will say just accumulate Bitcoin. Because you are a beginner, and if you choose the wrong altcoins, then sometimes your portfolio would be nearly zero. So by following the DCA strategy, you may just keep accumulating Bitcoin. Once you realise about altcoins, then you can take decisions by yourself. For now it's better to stick with Bitcoin.

Learn first before investing.  Bitcoin is full of risks which you cannot ignore. You are at risk of errors of commission and omission from your end. You are faced with scarmmers/hackers who try to steal from you. You are also at risk of being kidnaped/ambushed by criminals or kidnappers. Bitcoin is not something that should be joked with. Gather lots of knowledge to scale through all of this so subsequently, you would do everything by yourself without needing the help of a third party.

When you eventually decide to invest, do well to start with Bitcoin. You can improve further when you gather lots of experience.

New investors buy risky altcoins in the hope of higher profits, but I applaud you for trying to build a long-term Bitcoin portfolio from the beginning. To reach your desired goals through Bitcoin investment if you can follow the DCA method in the long term.

First step is being intelligent yourself, second step will be scrutinizing every helpful details you can find from this thread, i see that many users already listed out tips and helpful links for you to read and follow up, the worst mistake will be neglecting those informations. Long term investors are strong willed persons, buying Bitcoin is the easy part of investing but holding and watching your investment grow throughout the long period, after going past bear seasons is the only way of building a solid long term portfolio.

You really hit the nail, you're a good teacher. All it's needed as a beginner you just outlined it. With this he will be able to to understand the working of Bitcoin. Emphasis on the reason why Bitcoin was created, this is the most important thing for a beginner to learn. You have have knowledge of the investment you want to invest in first,if it's aline with your life purpose. Some businesses are good for investment but the goals and aims might be different from our life purpose.

 You forgot to tell him to keep his wallet secret seed or phrase to himself,write it down and keep it in a place you can't forget. Because once you lose it. It's also adviser to share it with trusted family member in case of emergency or accident he can trace it and sort you out. Having Bitcoin knowledge before one jump into it investment is very necessary to avoid some mistakes.

That is nothing new for many of the new investors. They tend to think of short term and that's why they're investing to altcoins, the hyped ones.

But OP is doing the right thing of asking of which he has to invest with and he's got an idea of it already. And that's through holding Bitcoin in the long term.

DCA is the key for this method and if he's not confident of the price now, he can always look at the corrections and that's the time he'd buy but he has to keep his eyes on the market from time to time.

Welcome to the Bitcoin Forum. If you want to build an investment portfolio from scratch and if you have enough sources of income, then of course you can start your investment portfolio. But as a newbie, I want to tell you to keep Bitcoin in your investment and not any other shitcoin/meme coin other than Bitcoin because you can expect to achieve success in long-term preservation of Bitcoin, but if you keep shitcoin/memecoin in your investment portfolio, then I don't know if you will be successful in long-term investment. It will be very important for you to only hold BTC but you can start from now if you want because there is still plenty of time to buy Bitcoin.

But lastly I want to tell you that you have to keep your wallet safe as much as possible. If you cannot keep your wallet safe, your investment will be very risky. You can lose your investment at any time. So whatever you do, it is important to keep your wallet very safe and secure. This should always be remembered.

Altcoins die, shitcoins die, meme tokens die but Bitcoin will continue to be strong and alive in this market. Choosing Bitcoin is a best choice you can make for your investment portfolio in this cryptocurrency market. It's like you pick the golden investment asset among thousands of useless and scam assets (altcoins).

The advice of picking Bitcoin, or even only Bitcoin for an investment portfolio is very common, but unfortunately most of newbies ignore Bitcoin and decide to invest in shitcoins.

How many cryptocurrencies have failed (dead coins)? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed#)

Hold it in your cold storage.
Hold it in your open source, non custodial wallet.
Hold it in a wallet that you already made wallet backups and test wallet backups for recovery.

DON'T hold it on centralized exchanges, in custodial wallets.
Reminder: do not keep your money in online accounts. (https://bitcointalk.org/index.php?topic=5421039.0)

The first thing is to have knowledge first, and you will see the reason why you need to invest in Bitcoin more and why you don't need to invest in shitcoins. Normally, in investments, it makes no sense when others give their opinions on what you need to invest in; the knowledge you will gain will serve as a roadmap for you.

The knowledge you will obtain will help you to understand risk and how you can manage it as well. Seek knowledge first; don't be too focused on what to invest in initially, because if you do, you may end up settling on the wrong opinion of others, which may affect you due to the lack of understanding.

With the way you just explained above right now it seems as if you have the basic knowledge about Bitcoin already and where that is making it looks difficult for you is that you that know if you are to only focus or constraints only on buying Bitcoin aggressively or you needed to joined others scheme to it, I'm here to advise you since you have the little knowledge on how Bitcoin works you should focus on buying Bitcoin small small using dollar cost average which all you to be buying Bitcoin small small as you can with your discretionary income, it is also better as a newbie to know the rules of the forum so that you will not fall victim of those rules and this you are good to go on in building up your Bitcoin portfolio.

Learn for knowledge first before doing your investment. Some people can invest money in Bitcoin without any learning but it is not recommended as this blind investment practice makes their mentality very weak. In this volatile market, lack of knowledge will lead to uncertainty and in most volatile times, such blind investors will more likely have weak hands, then sell bitcoins for losses.

By learning first, getting knowledge, people get good foundation for their investment start as well as long journey. It is helpful for them to avoid panic when market has tests aim at unknowledgeable, weak-handed and inexperienced investors. If they are well-prepared in knowledge, they are good to go through market tests and strongly aim at profitable investment result.

You are welcome to the forum, mate. Make sure you read the forum rules and regulations.


You are a newcomer, and the only crypto investment I will advise you to put your money into is Bitcoin. That is the leader of the whole crypto community. Knowledge is the key to everything; make sure you have the knowledge of what you are doing. So since you don’t even know the coin you are supposed to invest in, don’t go near altcoins. Go and learn how Bitcoin investment works and everything that is needed so you can be successful.

Long time hodling is a good roadmap to success but you need to have the wisdom to follow the roadmap to where you will beginning to earn profits from BTC. Sometimes, is easy to say I want to become great in BTC investment but if you don't plan it well with some tools that will make you great, it will be hard for that greatness to come your way, because you need to employ some tactics that will make you succeed in your plan.

Continue to accumulate BTC is another good roadmap that will make you to earn what will make you to increase your capital in BTC, because you will be seeing the growth of BTC in your wallet that will be giving you the confidence to invest more to have the chance to earn big profits in the future.

You are only able to hold your bitcoins if you don't have need of selling it. It is only possible if you don't use all money for investment in Bitcoin. This raises a big important step for your start and also during your investment adventure, don't use all money for investment. Make sure you have some kind of money left for spendings, for emergencies, so your investment capital in Bitcoin can be considered as "Not sell, if you dont't actually want to sell and take profit."

DCA is a good strategy for Bitcoin long term investment but you will have higher chance of success with DCA if you manage your finance and investment capital well. How to do this well, I said above.

Some of us made the mistake of investing in other coins and tokens when we started and lost money except few lucky that bought altcoins that gave them fast profits. Majority that started with altcoins lost money and there for left with some remaining but later realized that bitcoin is different and better. A beginner that starts with bitcoin will definitely do great because those bad experiences of losing money to terrible coins will not be there. If I knew this when I started, I would have been using the DCA method to accumulate bitcoin and I would have been very comfortable now in the quantity of bitcoin that would have been in my portfolio.

Specially welcomed to the forum. It's okay you asked to know your way and what next to do. After going through reoliyans comments in response to what you asked, so many replies and talks in direction for what is to be done so you flow rightly, but I observed that you haven't said anything since then. Hope you would come here and read all through. Necessary informations are here that will help to direct you do the right thing, but the problem that always showcases is unavailability of the newbie to listen, read, Learn and ask quyagain for. Better understanding .

Firstly, you need understanding and knowledge about this forum, becauae you would learn enough here and from member with loads of experience. Open links provided and also consult the search engine if need be. If all these are done, you would know how best to invest or accumulate BTC and how best to keep it safe. To add, buying and holding for long term, lets say 4-10 years and above is the best because Bitcoin has proven over the years that its nature is fluctuation plus appreciate

You need a good storage if you are going to buy and hold Bitcoin, you need a hardware wallet but you have to buy them. You can use a software wallet too but they are not as safe like a hardware wallet, try and prioritize security before anything in your roadmap.

I'm going to advice you to go with Bitcoin for now, don't mix your asset with altcoins, they look unstable without transparency. As a first timer, go all in Bitcoin first then later you can use the experience to study some alts you think it's best for your portfolio, don't buy because they told you to do so.

I made the same mistake but later I was able to reduce my losses a lot by correcting it. I started buying altcoins due to greed but within a short time I realized that it was a wrong decision for me so I sold them before I lost much. Currently I am depositing Bitcoin from discretionary income and am adopting DCA strategy for long term and saving emergency fund. I corrected myself before I had a bad experience and recommend others to accumulation Bitcoin for long term. Altcoins can be a danger for new investors as most of them are inexperienced and there is a possibility of buying the wrong currency in the hope of high profit. So saving Bitcoin for long term can be best for any investor new or old.

Base on my experience its easier to monitor to have a different portfolio for the long term investment and for the short term tokens to flip with, for the long term its good to have a hardware wallet or the cold wallet which is disconnected online to avoid uncessary transactions without confirmation to the device, next is to have your hot wallet which can be use for storing your funds temporary for a short period of time of course we dont want to store our money to the exchange we have the not your keys not your coins so have a hot wallet or cold its up to you, next is the exchange you will use for actively trading of buy and selling your assets. Now its your strategy how to grow your wallet, could be a DCA, Trading, airdrops etc. You can easily track and monitor the progress with less hassle.

If you want to go with long term and short term at the same time, you must split your capital to two parts at least. One part for long term investment, another part for short term trading; and you must use an open source non custodial wallet for your long term investment holding while another wallet for short term trading with DEX or an account on a centralized exchange.

Capital split, wallet split are very vital to maintain good practice and make sure that you will not easily use your investment capital for trading. It has higher chance to happen if you store all fund in a single wallet or in one account, then you will flip capital of investment to trading and end with trading losses.

I think I like this idea of capital split, it has been coming up lately as a way of mitigating risk and forestalling discipline. Not only in asset management do I see this applicable, even for holders, you can split your asset into different wallets for improved security so that you don't lose everything at once upon any security breach.  I really feel bad when I see someone lose years of savings to scammers, for the reason that he kept everything in one device or one wallet.