niallo27 (OP)
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Merit: 10
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November 26, 2015, 06:35:38 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong.  |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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November 26, 2015, 06:37:24 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. It's Coinbase that owns your 1 BTC. |
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cryptothreads
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November 26, 2015, 06:44:14 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. It is always good to have 1 Bitcoin. |
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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November 26, 2015, 06:55:06 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. we talk again after you lost 50%  |
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teddy5145
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November 26, 2015, 07:00:19 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. Good for you, now transfer that 1 bitcoin into your own desktop wallet That bitcoin isn't yours, because you don't have the access to your own private key which mean they are the one who own that coin  Download a desktop wallet, it's not really that hard to learn I suggest electrum  |
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randy8777
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Activity: 896
Merit: 1000
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November 26, 2015, 07:02:36 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. i had the exact same feeling when i had my first bitcoin. i hope you will hold your coin at least till the block halving. and by that time you'll most likely have more than 1 bitcoin. |
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Febo
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Activity: 2730
Merit: 1288
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November 26, 2015, 07:31:22 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. 20 euros per day is a nice income. 20*365=7.3k euros It think this was best investment you ever made. |
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sabreok
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Activity: 36
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November 26, 2015, 07:33:13 PM |
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Welcome to the 1% for 2025 (hopefully...) Make your next goal 10 BTC  In all seriousness, get a desktop client (electrum is my favorite). Coinbase is great for providing a simple way to buy coins, but control of your keys is very important. |
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niallo27 (OP)
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Activity: 70
Merit: 10
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November 26, 2015, 07:43:28 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. 20 euros per day is a nice income. 20*365=7.3k euros It think this was best investment you ever made. Well i have being building up to today. Have being buying parts for the last 3 weeks and today i reached 1 BTC. |
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niallo27 (OP)
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Activity: 70
Merit: 10
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November 26, 2015, 07:45:42 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. Good for you, now transfer that 1 bitcoin into your own desktop wallet That bitcoin isn't yours, because you don't have the access to your own private key which mean they are the one who own that coin Download a desktop wallet, it's not really that hard to learn I suggest electrum Interesting i didnt know i didnt really own it. Electrum seems the way to go. Is this desktop wallet specific to just one machine. |
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jaberwock
Legendary
 Online
Activity: 2548
Merit: 1073
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November 26, 2015, 07:53:37 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
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niallo27 (OP)
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Activity: 70
Merit: 10
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November 26, 2015, 07:57:42 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
My plan is to store them all for the long term. Should i move them to my desktop wallet everytime i reach 1 BTC |
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sabreok
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Activity: 36
Merit: 0
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November 26, 2015, 08:08:48 PM |
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I now own one bitcoin in my coinbase wallet. It feels good. I am not sure why it feels so good but it does. I have a good feeling about Bitcoin. I am already up 20 euro after today. What could possibly go wrong. Good for you, now transfer that 1 bitcoin into your own desktop wallet That bitcoin isn't yours, because you don't have the access to your own private key which mean they are the one who own that coin Download a desktop wallet, it's not really that hard to learn I suggest electrum Interesting i didnt know i didnt really own it. Electrum seems the way to go. Is this desktop wallet specific to just one machine. When creating an Electrum wallet, you will get a string called a "seed". This seed is private information that should be written down and never stored digitally. Install Electrum on as many machines as you'd like, then you can load your wallet from this seed. Because all transactions are stored in the blockchain, Electrum will "sync" between the computers with the loaded seed. |
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mirana12345
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November 26, 2015, 08:09:53 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
My plan is to store them all for the long term. Should i move them to my desktop wallet everytime i reach 1 BTC That's probably a good idea, even every 0.10 just to be sure. Also take care of your machine if you plan to hold bitcoins there. Unlike other replies, i would advise you make a paper wallet since it's much safer than desktop clients imho. [There's too much mallware stealing wallets these days, ot even AV's can recognize them all] btw good job in collecting your first bitcoin. I plan to reach 2.1 btc until it gets too expencive for a average Joe to own some. |
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niallo27 (OP)
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Activity: 70
Merit: 10
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November 26, 2015, 08:15:45 PM |
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Thanks for all the help guys, it seems like a really friendly forum you got going on here.
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mirana12345
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November 26, 2015, 08:22:46 PM |
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Thanks for all the help guys, it seems like a really friendly forum you got going on here.
There's all kinds of people here, but most of us tend to be nice and as helpful as we can. If you think about it; bitcoin's idea (replacing current monetary system we have - fiat) is not something that trolls and hillbilly's would support nor would they donate their time to it, which just may be the main reason why the community is friendly and beyond average - or i just like to think it is. cheers |
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azeminjo09
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November 26, 2015, 08:25:53 PM |
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gamble, double it, be a man! show your balls Just kidding, keep collecting, and ofc transfer btc to paper wallet, best choice.. |
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bitcoinmar
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November 26, 2015, 08:26:43 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
My plan is to store them all for the long term. Should i move them to my desktop wallet everytime i reach 1 BTC Yes its could be very good idea because controlling your money is every time very good never keep them in any exchange they can eat them like burger |
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niallo27 (OP)
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Activity: 70
Merit: 10
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November 26, 2015, 08:32:17 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
My plan is to store them all for the long term. Should i move them to my desktop wallet everytime i reach 1 BTC Yes its could be very good idea because controlling your money is every time very good never keep them in any exchange they can eat them like burger So are you saying someone like coinbase could just take my coin or do you mean they could go out of buisness |
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mirana12345
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November 26, 2015, 08:36:09 PM |
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Move them to cold storage and get another one for daily expenses, or you may risk losing them
My plan is to store them all for the long term. Should i move them to my desktop wallet everytime i reach 1 BTC Yes its could be very good idea because controlling your money is every time very good never keep them in any exchange they can eat them like burger So are you saying someone like coinbase could just take my coin or do you mean they could go out of buisness Reality of the situation is that they are the ones in control of your coins. And even tho it's not likely your coins would be stolen or taken away, in theory- they could go down like mt.gox and you would lose your coins, and they could also be attacked by hack or explit, resulting once again - in you losing your coins. There's a good reason people are advising everyone not to store their coins on exchanges, atleast not large amounts of it. |
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