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Author Topic: [HELP] I AM A NOOB WHO BELIEVES  (Read 375 times)
Ambatman
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October 13, 2024, 09:30:15 PM
 #21


If you have enough money to invest then you can invest. If you don't like the market at the moment then you can continue using the DCA method because investing in the DCA method will give you a better investment method and you will have a higher chance of success. But you can use electum wallet or trust wallet to hold the investment but the wallet seed must be kept very safe.
I wouldn't recommend Trustwallet.
https://bitcointalk.org/index.php?topic=5420819.msg61284073#msg61284073
A thread that showed Trustwallet isn't open source nor really decentralized ever since it was acquired by Binance.

I have been using trustwallet for quite some time but to be honest, it is not the most recommended wallet for newbies and even for those who are no longer a newbie.
I'm surprised you still use it despite knowing its closed sourced or maybe it's used for Pocket change
Still don't see how that is any different from using CEX.


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nakamura12
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October 13, 2024, 09:40:15 PM
 #22

I'm surprised you still use it despite knowing its closed sourced or maybe it's used for Pocket change
Still don't see how that is any different from using CEX.
What I mean is I did use it for quite some time. I don't know how long but I remember I used it for months or more than a year K think and never experienced any problems or issues but in my opinion, it is better than storing your crypto in a custodial wallet or in an exchange platform. Anyway, that was before when I still use trustwallet but after that is I am using electrum wallet.

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October 17, 2024, 12:15:14 AM
 #23

The first smart thing you did is asking for help before going all in.

Now the next smart thing you should do is AVOID Shit Coins and Altcoins generally.  For a long time or entirely.  They are the reason a lot of people often get their Investment screwed.

Other wise, I think you received a lot of good advice here.  Stick to Bitcoin, Dollar Cost Average and roll with it.  Paying abroad with Bitcoin only will be a burden, unless you plan a Bitcoin only vacation very well and thoroughly research in advance to check where exactly you can pay with it.

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armanda90
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October 17, 2024, 09:48:10 AM
 #24

I don't know why many respond recommended using wallet because the beginner or noob need to purchase bitcoin firstly from market, I think need to guide the beginner how to purchase bitcoin from local market depend on OP come from before recommending them save their bitcoin assets on wallet or exchange wallet.
Need to give educate for the beginner if want make investment in bitcoin how to make deposit their own local currency to buy bitcoin before holding it for longer term in wallet or exchange wallet.

Firstly, for OP you need talk about which country you come from and looking opportunity which best exchange market already for depositing local currency to buy bitcoin. Then depend on your self withdrawing bitcoin assets to wallet or keep holding it at the exchange wallet to make easily for selling or scalping.

 
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