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1  Other / Off-topic / Re: Why most people would like to travel around the world? on: February 04, 2019, 02:55:47 PM
It will help you grow as a human being. It will open your eyes and give you some perspective.
2  Economy / Speculation / Re: Lesson from the prolonged bear market on: February 04, 2019, 02:39:42 PM
I learnt that I had to decide if I was a trader or investor. Didn't do a very well trying to do both.
3  Other / Off-topic / Re: A list of influencers really worth their salt on: February 04, 2019, 02:18:33 PM
No worries, hopefully you find something useful there.
4  Economy / Speculation / Re: BITCOIN IN 2019 on: February 04, 2019, 02:00:27 PM
The question is, do you understand/believe in bitcoin and what it can do? If so, you have answered your own question.
5  Other / Beginners & Help / Re: wallet securing !! on: February 04, 2019, 01:51:45 PM
Hardware wallet. Best combination of security and convenience. Just make sure you buy direct from the manufacturer.
6  Other / Beginners & Help / Re: How to secure your wallet from scammer on: February 04, 2019, 01:35:38 PM
I am a great fan of hard wallets, but please buy direct from the manufacturer. Forget Ebay and Amazon.
7  Other / Beginners & Help / Re: Buying your first Bitcoin or accumulating towards a goal? on: February 03, 2019, 01:20:54 PM
It is very important for a newbie not to only listen to the FIRST person on they find on social media.
They need to listen to numerous opinions and then make up there own mind.
Thanks for bringing this up, it's something I should have included.
For you I would strongly suggest to stay around the forum and spread your words.
You seem to have a very good stance here, reasonable and analytical thinking is strong with this one :0)
I guess you have already figured out that good newbie posters are rare or at least uncommon.
11 post and 19+1 merits... impressive, hope you will remain such quality ratio forever, which could easily make you the best poster of all times. And as you probably know by now, some extra "accumulating" can be made thanks to this.
My only suggestion is to avoid spacing overuse in your posts. It makes reading harder (at lest for me), the eye of the reader have to travel much greater distance, resulting in quicker fatigue. Cheers.


Thanks poptok1
I will take your spacing suggestion on board.
I have a few PowerPoint slides that I want to share, but did not realise I had to have 30 posts to do so. Im currently posting some 1 liners to get to that number. From then on, its back only to quality (I hope).
8  Other / Off-topic / Re: Protecting your email is of great importance on: February 03, 2019, 11:42:15 AM
Consider using a different email address for your crypto related activities
9  Other / Off-topic / Re: A list of influencers really worth their salt on: February 03, 2019, 10:40:41 AM
Hi. I listed a few here:

https://bitcointalk.org/index.php?topic=5104555.0
10  Other / Off-topic / Re: I am an amateur in photography. I own a Canon 600D 18-55mm. How do I take photos on: February 03, 2019, 10:22:10 AM
Try get yourself a Canon 50mm 1.8 lens. It is a relatively cheap lens that will give you the results you are looking for. I love mine.
11  Other / Off-topic / Re: Why are people so stupid? on: February 03, 2019, 10:13:47 AM
As a community we should be trying to educate these people. They are not stupid, they just haven't been educated yet. Good luck and keep going.
12  Other / Off-topic / Re: $145 Million Lost After Death Of Crypto Exchange Owner. on: February 03, 2019, 10:06:32 AM
That's why we need to educated everyone about how to keep thier crypto safe. Not your keys, not your crypto.
13  Other / Beginners & Help / Re: Buying your first Bitcoin or accumulating towards a goal? on: February 03, 2019, 09:45:00 AM

It is very important for a newbie not to only listen to the FIRST person on they find on social media.

They need to listen to numerous opinions and then make up there own mind.

Thanks for bringing this up, it's something I should have included.
14  Bitcoin / Bitcoin Discussion / Re: I own 1 full Bitcoin!! on: February 02, 2019, 08:48:05 PM
Hi All

I have been following this forum for a long time now.  And have learnt so much, so Thank you.

As of today I own 1 full bitcoin!

This has been a long term accumulation project for me (bought 0.1 a month for the last 10 months). The bear market has helped me achieve my goal of owning 1 full BTC.

In December 2017, I could have never imagined owning a full bitcoin.

Itís now locked on my ledger for the next few years, letís see where we go.

Thanks again to this forum and its members.


It is good to hear that you own now 1 bitcoinBTC especially for a newbie like you. But let me ask you something, no offense for this question of mine. What did you do or how did you earned that amount? Did you do trading? Because its not that easy for the novice to earn 1 bitcoin to be honest. Particularly, at this point of time bear market is the hardest thing ever to earn huge amount. It will be better if you will tell us the specific things you did mate. Thanks Smiley

Seriously? Please read the thread.

Good Luck
15  Other / Beginners & Help / Re: Buying your first Bitcoin or accumulating towards a goal? on: February 01, 2019, 10:23:42 PM
Iíve lurked on this forum for a long time, part of the reason I never really contributed to the community before is due to the amount of crazy, uninformed or self serving posts in the majority of the boards.

Good to see a genuinely helpful informed post! This post was the reason Iíve decided to be more active in the community to hopefully try and give some balanced input myself Smiley

Looking forward to it!
16  Bitcoin / Bitcoin Discussion / Re: I own 1 full Bitcoin!! on: February 01, 2019, 10:13:34 PM
--snip--

Hi Stedsm, I have no objection in disclosing these figures.

06/04/18   665
19/05/18   831
13/06/18   638
13/07/18   622
22/08/18   640
11/09/18   631
31/10/18   633
27/11/18   382
14/12/18   327
30/01/19   342
Total         5711
Which currently puts me at a 40% loss.

But as I said earlier - Lets see where we are in 5 years. In my mind, I look at it that 1 BTC = 1BTC.

Hope that answers your question?

Exceptional and phenomenal.
I never expected you'd disclose them, this shows how dedicated you are towards buying (investing in) BTC and holding it for a very long time. Thanks for those numbers, you've now set an example of what money management and risk control is. Won't say "sorry for your loss" kinda words here as it'll be a disrespectful statement, but highly appreciate how you managed to keep accumulating it while others were just thinking on buying it even when BTC was cheap (I know it's cheaper now, but not to worry as BTC always repeated its history). We've got a very long way to go, General! And that statement in bold 1 BTC = 1 BTC is one of my favorite ones.

No worries BTC
17  Bitcoin / Bitcoin Discussion / Re: I own 1 full Bitcoin!! on: February 01, 2019, 10:04:30 AM
Congratulation for the result of a consistence hard work, while mitigating losses. If you don't mind, may I request you share how you were able to achieve this success? For me, I currently have less than $2 worth of BTC in my wallet, as I have lost all mine through trading and buying of ICOs.

Hi Leonardo7

If you scroll back to page 2 of this thread, I have shared my strategy (Accumulation and averaging). Please have a read of that. Also in there are my thoughts on trading.

I'm sorry you had a bad start and lost your BTC, but so did I. You have learnt invaluable lessons with your losses. Think of it as paying for your education.

Set a (achievable) goal and take it step by step. Even if its 0.1 BTC in the next year. When you achieve it you will feel great.

You will have to be focused and resilient. 

It was not easy, not at all. It was a long term plan. I had to cut back on many things, freeing up some disposable income. Many times in the last year, i wanted a new phone or have another takeaway dinner. But i didn't.

Forget about "sexy" trading and get rich quick ICO's.

Good luck and stay focused.

P.S. This is not financial advise, just my thoughts
18  Other / Beginners & Help / Re: Buying your first Bitcoin or accumulating towards a goal? on: January 31, 2019, 09:56:06 PM
This is a comprehensive starters pack and there is very little that can be added or removed. The ability to read and learn is very essential for newbies to cryptocurrency, anyone who does read and do their research could hardly go wrong.
Security is one aspect that requires emphasis, with cryptocurrency you are you own bank. Take every possible precautionary measure regardless how much bitcoins you own at that time.

Cheers Kopyleft - If it just helps 1 person in a small way, my job here is done.
19  Bitcoin / Bitcoin Discussion / Re: I own 1 full Bitcoin!! on: January 31, 2019, 09:49:17 PM
Salute your planning that when people like us were struggling hard on deciding what to do, you just kept it low on your mind and dedicated yourself towards positively gaining more and more BTC for less. Just curious (if you don't have any objections to disclose) what values did you gain your coins exactly for? I mean, can you tabulate it in 2 columns showing Month name on one side and price you bought BTC0.1 for in that month on the other. Congratulations on your wise decision, just hodl and don't gamble away your coins even if you see opportunities as it took a lot of time to gain this level.

Hi Stedsm, I have no objection in disclosing these figures.

06/04/18   665
19/05/18   831
13/06/18   638
13/07/18   622
22/08/18   640
11/09/18   631
31/10/18   633
27/11/18   382
14/12/18   327
30/01/19   342
Total         5711
Which currently puts me at a 40% loss.

But as I said earlier - Lets see where we are in 5 years. In my mind, I look at it that 1 BTC = 1BTC.

Hope that answers your question?
20  Other / Beginners & Help / Buying your first Bitcoin or accumulating towards a goal? on: January 31, 2019, 03:31:10 PM
Hi All

I recently started a new thread in the main section on how I achieved my first Bitcoin goal. "Owning my first full Bitcoin"

https://bitcointalk.org/index.php?topic=5104126.0

After receiving some great feedback and a few questions, I posted a response. (the thread is worth a read as there is some good advice from other members)

This response was aimed at any newbies getting into this space. I think my response might just have got lost in the thread and not reach the individuals it was intended for. So I have posted it here again, with a different subject. Hopefully it makes it easier for them to find. Also, I hope other forum members will reply with there own advise/suggestions/experience.

Apologies for those of you who have already seen it.

Hi All

I have enjoyed reading your comments and appreciate your good wishes.

Whatever your approach to crypto and investments, I hope you all achieve your goals and achieve the financial freedom we all desire.

After getting so much from this forum and its members I felt I should give something back. So if you would indulge me, Iím going to put down some of my thoughts in regards to my outlook and strategies in this crypto/financial world. For you more experienced members, you probably know all of this already and it has probably been posted many times. But, this is aimed at any noobs who may stumble across this thread.

Just to be clear this is not financial or investment advice, just my thoughts and opinions.

So where should you begin? To me this is obvious now, but it wasnít when I FOMOíd into crypto in Dec 17.

Education

If you are just getting into crypto now, please do your research first. Spend at least a month reading and learning before you put any money into the eco system. Yes, itís not sexy, but I must of lost .2 BTC just by messing around not knowing what I was doing.

You need to understand what bitcoin and fiat (money) actually are. Bitcoin is so much more than just a get rich quick scheme and fiat has its own issues. Iím not going to spell it out here, but you will have a lightbulb moment.

Yes, In doing this research you may miss a pump, but in the long term you will gain so much more than what you missed out on. And it could go the other way, you could get in at a lower price.

Where can I get this crypto education you ask? (there are so many places, but this is where I got some of mine)

1.   Right here Ė read, read, read then ask.

2.   Books: The Bitcoin Standard, The Internet of Money, Bitcoin for Dummies, Cryptoassets.

3.   Podcast channels: Crypto 101, Letís talk Bitcoin, The Bad Crypto Podcast, The Crypto street Podcast, Off the Chain, Rekt Podcast. (Made
      my work commute a learning experience)

4.   YouTube: I never really have time to sit down and watch YouTube, day job and all that. But I did watch CrytoDad on how to set up
      an Ledger Nano. I'm sure there are some great channels out there.

5.   Twitter: @Apomliano, @aantonop, @cz_binance, @TheCryptoDog, @Tradermayne, @crypTobanger, @Satoshilite and of course
      @officialmcafee (love him).

6.   Places like Coinmarketcap.com

7.   Google

The list is endless, but that would be a good start.

2nd

Security

Learn what OPSEC and PERSEC is and apply it!!!!!!

Donít keep anything on exchanges. They will all, in my opinion, eventually get hacked. If you donít hold your keys, you donít hold your crypto. (Google this statement)

If you can, buy a hardware wallet before buying your first crypto. If you donít, you may never get around to buying a wallet and one day you may wake up and your exchange is gone, with your crypto. Wouldnít that be sad after doing all this work. At the time of writing, a Ledger Nano S is around £54/$65. I know to some, this is a lot of money. And I know you would rather buy your first Bitcoin with that money. But trust me on this, get one!

There are other wallets out there Ė again educate yourself. (And always buy direct from the manufacturer, forget eBay and amazon).

Seed words, Seed words, Seed words Ė find out what they are and how to keep them safe! Did I mention Seed words.

Use 2 factor authentication wherever you can.

I even use a different email account with 2FA for my crypto activity.

Ok, so know that you have a basic understanding of Crypto (and believe in the tech) and know how to be safe, itís time to pull the trigger.

Strategy (only my thoughts, more experienced people here will have their own ideas, so donít take this as gospel)

This is where it gets difficult!

You want to be a trader? DONíT Ė if trading is going to be your main strategy Ė you WILL lose! Maybe in a few months you can give it a go for fun. But in my opinion, never trade with more than 10% of your stack and only 3% to 5% of that on each trade. And definitely donít trade on Arthurís exchange for at least another 6 months. (Iím not even going to name the exchange here, as I donít even want you to go looking for it). And only trade the higher timeframes 4hours and above and understand all the different order types (if you donít know what this means you are definitely not ready)

So what was my strategy to achieve my goal.

Accumulation and averaging.

Start with a target. Letís say you would like a quarter of a bitcoin Ė i.e 0.25 BTC.

Divide that over say 6 to 12 months. (for this example Iím going to use 6 months)

That means you need to buy around 0.045 BTC a month. ($150 a month at current prices)

Some months your 0.045 BTC will cost you a little less and the next month possibly a little more. But after 6 months you will have achieved your goal of 0.25 BTC with the lowest possible risk. Yes, there still is risk. It can go both ways. Itís about managing that risk.

Now put it on a ledger and forget about it.

You can adjust the figures above to meet your own goals, but the principle stays the same.

Only use extra cash that you can afford to lose. This is very important, this could all go to $0, but who knows how high it could go. You donít want to have to sell your crypto after all this hard work and dedication, because you have to pay back a loan etc. and miss out on your end goal. In 10 yearsí time you donít want to be kicking yourself saying, I wish I still had that 0.25 BTC.

Only after you have achieved your goal, would I say it is time to start looking at alts and trading. But this should always be with new cash.

Lock that first Bitcoin away and come back to it in 5 to 10 years.

Charlie Lee (Litecoin creator) wrote:

ďThere will be at most 21 million bitcoins in existence. There isnít even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first,Ē.

ďOnce you have 1 BTC, buy all the shitcoins you want!Ē

And I agree with him.

Now an added caveat, I donít think you should be putting all your disposable income into crypto. I have also been buying stocks, gold and paying into a pension.

Donít put all your eggs into one basket.

The barriers of entry to these other types of investments has come down over the last few years and there are cheap apps that can help you (do your own research).

I have followed the same strategy for these types of investments.

Now please donít think that I assume everyone can afford all of this, but it can all be scaled down. Take your disposable income and invest a certain % in stocks, certain% in bank deposits, certain % in crypto etc. etc.

Itís all about planning and risk management. In a few years, I hope you will have your reward.

Where to buy

This has changed so much over the last year, but again do your own research. But wherever you buy, get it off the exchange and onto you hardware wallet.

A few final thoughts

ē   Ignore the noise, you have chosen to by Bitcoin. So just do it. If the price goes up - great, you are making money. If the price goes
     down Ė great, next monthís purchase with be cheaper. Keep accumulating till you have achieved your goal. And then in 5 years who
     knows what itís worth.

ē   When you transfer your first bitcoin to your hard wallet, check, check and check again. If you make a mistake its gone. Only send Bitcoin
     to a Bitcoin wallet.

ē   Know the difference between BTC and BCH Ė itís not the same thing! Other individuals will try tell you different.

ē   Donít watch the charts all day, you will lose your mind. You have a life, live it.

ē   Write down everything you do and learn from your mistakes.

ē   Be kind to others and share your knowledge.

ē   Itís not all doom and gloom Ė itís an opportunity!

Thanks for taking the time to read this. Itís not a sure fire way of getting rich, its just how I am trying to navigate my way through financial life. It could work or it could all come crumbling down around me. Iím just trying to give myself the best chance. Itís your choice and its on you.

Iím sure I have missed so much, but my brain is fried and I'm not a writer. I hope the more experienced members on this forum will add value to this and I hope they do, either positive or negative, I donít care. As long as it gets the noobs thinking.

Good luck to you all and God Bless
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