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1  Other / Beginners & Help / New to Bitcoin, am I too late? on: September 16, 2019, 02:24:51 PM
Hey Everyone,

I just recently went through and did the coinbase videos to earn some of the coins that they were giving away. I ended up transferring them all to bitcoin which left me at around $40 USD worth of bitcoin. I am wondering if I should start investing more into this now that I have a small start? It seems like there are a few types of people when it comes to Bitcoin. The day traders, which I really dont have time, or the understanding, on how to do it. Then you have the HODLers, which I think is more of where I would be. My plan would be to take a small percentage of profits after a certain percentage gain, like a 10% profit after a 50% gain. My concern is that it may take several years to see another 50% or more increase. I also don't have a lot of money I can really invest into it. I might be able to get to $500 by the end of year but that would probably be pushing it.

I really like the concept of Bitcoin, and believe that it has great potential for mass adoption. I think the issue with most people is probably the same as me, I just don't really understand how the whole thing works. I have tried several resources to understand how the blockchain works, but they all seem very generic. If anyone has a good link for beginners to start to understand the whole deal please let me know.

I appreciate any help or feedback that you guys can give me. I also will read any information that you can lead me too because I really want to understand this.

Thanks Johnny Aveo
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