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Author Topic: Buying bitcoin  (Read 564 times)
nakamura12
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December 26, 2024, 09:33:37 PM
 #41

There are different platforms that you can choose to buy like binance or something like it which is a cex or using a dex where you don't have to complete KYC. I recommend you use cex if you don't mind about the KYC. If there's a Bitcoin ATM at your country then you could also use it to buy bitcoin using fiat. For wallets, you should use electrum which is a free wallet provider and doesn't cost you anything but if you have the means to buy then use ledger.

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December 26, 2024, 09:44:28 PM
 #42

I think this is not the right time to purchase bitcoin because it's price now cross 100,000 ..
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December 27, 2024, 04:38:44 AM
 #43

Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
Many experienced members here have given good advice, hope you understand how to buy bitcoins. Now that you are interested in buying Bitcoin after seeing the rise in Bitcoin price, that is a good decision. Now I will give you some advice, since you are interested in investing in Bitcoin. Now you have to remember that if you want to be successful investing in Bitcoin you have to hold for a long time. If you can't hold for the long term, you can't succeed. You can buy Bitcoins on a weekly or monthly basis using the DCA method. And try to invest what you can afford to lose. I think that might be good for you, since we're in a bull run right now so you might be better off waiting for a bear market. And if you can hold for a long time then you can invest anytime. Store the wallet's private key carefully.

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December 27, 2024, 11:56:55 AM
 #44

Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
Many experienced members here have given good advice, hope you understand how to buy bitcoins. Now that you are interested in buying Bitcoin after seeing the rise in Bitcoin price, that is a good decision. Now I will give you some advice, since you are interested in investing in Bitcoin. Now you have to remember that if you want to be successful investing in Bitcoin you have to hold for a long time. If you can't hold for the long term, you can't succeed. You can buy Bitcoins on a weekly or monthly basis using the DCA method. And try to invest what you can afford to lose. I think that might be good for you, since we're in a bull run right now so you might be better off waiting for a bear market. And if you can hold for a long time then you can invest anytime. Store the wallet's private key carefully.

If he insist to follow those good advices came from experienced user then I will think about that there's something wrong here. Its so suspicious on why some of them will not go on the safest option to avoid getting compromised.

Their are lots of scams and hopefully those new people will do a lot of research and they always go on the best suggestion provided by lots of people. Its good to see that they already made a post and asking this kind of question. But hopefully they can learn a lot thru the answers given or suggested by good people in this forum.

Also better they study first the market movement or everything that can make them understand on how Bitcoin works so that they will not ride with the FOMO also get confused about wrong information spreading everywhere.

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December 28, 2024, 10:55:42 PM
 #45

I think this is not the right time to purchase bitcoin because it's price now cross 100,000 ..

How about now that the price is below, $100k, is it still not a good.time for you to buy Bitcoin since $100k is now the official measurements for the price of Bitcoin been costly or not. There shouldn't be anytime that buying Bitcoin should be seen as a bad idea.

Buying Bitcoin should be on our terms and not how the market is reacting at that very moment. Following the market will always be misleading to us since the market is always volatile.

Buy Bitcoin whenever you want to as what determine your profits when you invest in Bitcoin isn't when you buy but for how long you are able to hodl. We have some people that bought years ago when it started but don't hold any anymore so the aren't receiving all this recent profits.

 
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December 29, 2024, 07:44:16 PM
 #46

There are different platforms that you can choose to buy like binance or something like it which is a cex or using a dex where you don't have to complete KYC. I recommend you use cex if you don't mind about the KYC. If there's a Bitcoin ATM at your country then you could also use it to buy bitcoin using fiat. For wallets, you should use electrum which is a free wallet provider and doesn't cost you anything but if you have the means to buy then use ledger.

There more than enough platforms to trade with, and if you want to purchase bitcoin there are different places that you can get your bitcoin from and there are more than enough place you can actually buy and despite trying to protect Kyc there is limitations to Dex because when scams happen scams happen in such places you will find it very hard to track in such cases because what ever have advantages the same time have disadvantages, when doing a large some is better to choose were there is enough trust so you don't fall victim.

And there is nothing really wrong with Kyc just that a lot of people are finding it hard to be comfortable with and with how scams are happening cex is better, thay is why they are always targeting, people with wallet so that they can silently move people funds without they been able to track, and if your funds are in an exchange if anything should happen to the funds they will be hold responsible.

There a lot going on in the crypto world and that is why you need to seriously need to take security seriously to avoid, so not to fall victim.
nakamura12
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December 29, 2024, 08:07:53 PM
 #47

And there is nothing really wrong with Kyc just that a lot of people are finding it hard to be comfortable with and with how scams are happening cex is better, thay is why they are always targeting, people with wallet so that they can silently move people funds without they been able to track, and if your funds are in an exchange if anything should happen to the funds they will be hold responsible.

There a lot going on in the crypto world and that is why you need to seriously need to take security seriously to avoid, so not to fall victim.
There's nothing wrong with KYC but there are people who value their privacy and that's the reason why some people doesn't like doing KYC not because they have done something wrong but it could lead to identity theft where their identities are leaked or sold for money. I have mentioned it in my post that there are lots of platforms where people can buy bitcoin and one of it are exchanges platform. Anyway, exchange platforms may be held accountable if something happens to their funds and they are a fool in my opinion if they are storing their funds in an exchange (sure they heard about not your keys not your coins).

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