bounceback
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March 28, 2023, 07:46:11 PM |
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This means that now you have successfully collected fractional bitcoins and converted into bitcoin units safely without experiencing hacking of your wallet for a long time, basically when we want to collect bitcoins the most basic thing to do is know how to secure your wallet safely to avoid hacking, for example by store every bitcoin that we want to collect in a hardware wallet because with this wallet we can minimize the risk of hacking so that our assets are always safe regardless of the amount we have.
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Getmon
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March 28, 2023, 11:44:28 PM |
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You cannot make fun of a satoshi these days because anything can happen to the price of bitcoin, especially in the future. With the current value of bitcoin, only a small portion of the world owns it. Bitcoin will be worth a million dollars even if adoption occurs in just half of the world. Additionally, I consider $270, or 0.01 BTC, or 1 million satoshi, to be a significant sum. I am gradually adding satoshis on for the same reason that many of us are making investments for the future.
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Darker45
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March 29, 2023, 01:03:45 AM |
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I agree, but I think your first wallet as a newbie shouldn't remain to be your wallet when you have already accumulated so much. Normally, a newbie's first Satoshis are bought for the sake of experience, or earned from faucets, for example. Security measures may not be strictly followed also. It's because a newbie is just starting to learn. But as soon as you learn the dos and don'ts, the safety and security tips, the best practices, you would also improve in the way you handle your funds.
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sokani
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March 29, 2023, 12:30:01 PM Merited by fillippone (1) |
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You are very correct OP. It is little drops of water that makes an ocean and every SAT is valuable and shouldn't be considered insignificant. Let's rewind to some years ago when I was getting free Bitcoin faucet from freebtco, I never for once thought those bitcoins could amount to something big or significant today as I blew off most of them in funding my online gambling account. If I had kept it safe till this very moment, it would have appreciated to a very good amount of money today. So, every satoshi should be treasured and kept because bitcoin is going to worth more in the future.
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Cookdata
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March 31, 2023, 01:31:22 PM |
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There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.
You did well for yourself by dedicating a Bitcoin to yourself, but I have some advice for you. You should also never throw away your wallet after use, as this is a common mistake made by people who are new to bitcoin. You never know when someone may want to surprise you and send you some sats as a gift, but they may not be aware that you don't use such a wallet again, and we all know that without a private key, your wallet address with your bitcoin is as useless as if it never existed in the first place, as much as we value our bitcoin, security is a top priority for us. To ensure its safety, never share your private keys with anybody.
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BD Crypto
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March 31, 2023, 09:57:22 PM |
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Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.
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drwhobox
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April 01, 2023, 12:17:24 AM |
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OP is right about the little drop makes an ocean, but while accumulating satoshis one should also make a way to invest some more satoshis whenever they get a chance. Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.
The newbies also happen to learn about security and other staff over time, so they can keep their accounts updated and find many ways to secure their wallet from hackers or scammers.
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Lida93
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April 01, 2023, 08:12:51 AM |
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There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.
Patience is quite a necessity in the crypto industry, every Satoshi gotten if patiently accumulated with time you definitely gonna make a good sum that you could have imagined while starting. For if you can't start big like others who have the opportunity to start big then don't despite your little beginning. If you that start taking your security seriously while starting small then when you get it big am not sure you can be able to take it more serious then ever, so everyone should as matter of urgency take the security of their asset seriously no matter the quantity.
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CryptopreneurBrainboss
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April 01, 2023, 09:40:06 AM |
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There is that popular provers which say, A drop of water can make an ocean. yes I believe is true because I gradually accumulated some SATs and now have move from being Satoshi owner to Bitcoin holder. I want to encourage my fellow newbie that you should also give your Satoshi full security because if scammers get a hold of your wallet, they are ready to always keep an eye on the wallet untill the day it will contain a huge asset. Don't wait until you own a lot of Bitcoin before you can take security seriously.
When you say you're now a proud owner of Bitcoin do you mean 1 BTC or still in Satoshi but much bigger values. When investing in Bitcoin, I try to teach whoever I'm introducing into the industry to not get too involved with the market much. I don't believe in having to trade your Bitcoin for profits constantly instead I prefer going with the investment aspect. Just my opinion though but instead of me to be constantly in the market accumulating Satoshi as you say, I'll prefer I just save up the money and wait for an opportunity to enter the market to buy the quantity that I can afford at the moment. I then repeat this whenever I have enough specific amount saved up. As for the securing of my investment. There's a saying that if you can manage the small money that you're receiving now, there's every chance you won't be able to manage large sum of money and I believe say goes for protecting your investment. If you can secure the small portion of Bitcoin that you own now, then you might likely lose them all when you get higher amount. Securing of your Bitcoin is very easy to achieve, just make sure nobody can access your private keys expect you and you're good.
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Ultegra134
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April 01, 2023, 02:03:01 PM Last edit: April 01, 2023, 02:15:39 PM by Ultegra134 |
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I haven't understood if you're actually holding one Bitcoin as other posters mentioned, or if you're generally speaking about owning bitcoin; congratulations either way. As someone whose first interaction with cryptocurrencies and especially Bitcoin was faucets, in 2014, I fully comprehend your point. Satoshis are still fractions of Bitcoin, and a few years ago, these faucets were giving out a huge amount of them for free. Some of us, including myself, had these fractions of BTC until a few years ago, which were worth a decent amount of money. I'm still occasionally collecting Satoshi through Freebitcoin, just for the experience.
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Coyster
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April 01, 2023, 02:18:45 PM |
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Security should be the first concern if anyone want to use Bitcoin or hold Bitcoin. Because scammers are always inventing new ways to hack users wallet. And if you do a simple fault your wallet can be hacked so always should remember the first priority should be a strong security.
+1, i second that. The thing is, the first thing that comes to the minds of quite a lot of people when they about to buy Bitcoin is how they are going to get rich quick through it, but if scammers hack into your wallet and steal your funds, then you do not even have any Bitcoins to get rich quick with to begin with, even though Bitcoin isn't a get rich quick scheme per se. If a social esperiment is carried out on the number of people hodling Bitcoins in custodial wallets, i'm pretty sure the number that does so would be pretty alarming, it is bad security practice that should be completely eschewed.
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