hi guys =) i finally bought some bitcoins :)

[vforce1]

android is safer then desktop , but if u plan to store them for months go with paper or "cold storage"

[BitPappa]

...
i bought 5btc @100usd per

do you think this was a bad or good idea ? i was originally going to buy 1000$ worth but for some reason i got scared lol and only bought half of that
...

I think that you started at a decent place, but that's coming from someone who also just started with Bitcoin a few weeks ago (for those who started when BTC was under $1, maybe buying at $100 seems crazy).

Why don't you set up some limit orders to buy more bitcoins if/when the price goes down again? Something like: buy .5 BTC if it gets around $90, and 1 BTC if it gets around $85, and 1.5 BTC if it gets to $80, 2 BTC if it gets to $75, etc... Of course, you should adjust the values based on your own expectations and goals.

[ForShow5]

Congrats

[superkawaii]

thnx for all your help guys

[Stack]

My advice is: Whatever you do, keep at least one Bitcoin in a safe place in case Bitcoin is a skyrocketing sucess ^^

+1

[rufasruckas]

My advice is: Whatever you do, keep at least one Bitcoin in a safe place in case Bitcoin is a skyrocketing sucess ^^

yeah i always thought about that just incase some how bitcoin reaches a crazy price for some reason

i would like to ask you a question about bitcoin wallet if i can , right now i just keep my bitcoins in the mtgod wallet or whatever , i have i desktop wallet but it takes like forever to synchronize or update , im also interested in the android wallet for my smartphone because for some reason it updates really fast i dont know why

so in your opinion what is a safe place for a n00b like me to keep my bitcoins in ?

thnx you for taking the time to reply to my thread

The desktop (/local) wallets download the whole transaction history (yes, of every single Bitcoin in the world), so it will take a while for the first sync ^^
I think the one for smartphone has other ways to access the transaction history.

The safest place to store Bitcoins for a long time are offline wallets or paper wallets.
The easiest way is imo creating a paper wallet with this website: https://www.bitaddress.org/
There are some things you should know:
Keep the private key safe! It's like the key to your safe!
The Bitcoin adress is the adress you can use to put any amount of Bitcoins into this safe.
Important: If you want to take any amount of money out of the safe, take it all and don't use this paper wallet again! Create a new one!

What size is that at this time?

[Birdy]

What size is that at this time?

The complete transaction history?
~8.3GB

[rufasruckas]

lol i know a lot of people don't like mac , i just want it for its slim and cool looking for design

dont hate me bro's i know im only paying for the aesthetic appeal

Whatever floats your boat.  It may take more than 1G of investment to get enough for one though.  Like any market there is a risk/reward proportion..

[rufasruckas]

What size is that at this time?

The complete transaction history?
~8.3GB

Thanks Birdy!

[esocid]

Depends if you want to trade, spend, or save. Maybe a little in each place.