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Author Topic: How do I invest (safely) in Bitcoin for the long term?  (Read 3958 times)
bengems
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August 27, 2017, 06:47:39 AM
 #21

When it comes to trading, this is how I do it and it has been working miracles.
I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency

I sell some of my btc & ALTS  profits during pumps in exchange for local currency.

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August 27, 2017, 08:06:32 AM
 #22

I suggest to buy, save or invest using coinbase or it depends on which country you are.If your country has not been supported by coinbase better use Jika negaramu belum didukung oleh coinbase lebih baik gunakanlah ploIf your country has not been supported by coinbase better use local platform to meet your needs in bitcoin investing.You should always observe the bitcoin price movement, if the price falls when you buy, if the price goes up kYou should always observe the bitcoin price movement, if the price falls when you buy, if the price goes up when you sell it.
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August 27, 2017, 09:06:31 PM
 #23

When it comes to trading, this is how I do it and it has been working miracles.
I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency

I sell some of my btc & ALTS  profits during pumps in exchange for local currency.
Better approach, better profit, better life. It is so important to divide your saving/holding in parts. Fix one part for a different stream that must give some good results and so the other parts. Fiat, ALT coins and buying local currency is better way to get over many things at a time. Ultimately they yield even little profit but that sum to be so enough.

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August 27, 2017, 09:28:31 PM
 #24

If you are not tech savy and are not good at security, or you are lazy, use coinbase vault. If you are tech savy, get a trezor, paper wallet, or offline laptop for signing transactions.

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August 28, 2017, 01:14:32 AM
 #25

If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.

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August 28, 2017, 02:15:13 AM
 #26

If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.
Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.

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August 28, 2017, 03:20:32 AM
 #27

If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.
Coinbase is only safe to use as a temporary wallet, if you intend to keep Bitcoin in a long period of time then Bitcoin Core, Electrum, Multibit or Mycelium is the right wallet. Although Coinbase is a trusted website but you do not have access to Private key that will make you lose all your Bitcoin if Coinbase website got hacked. All online wallet is not safe place to store your Bitcoin.


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August 28, 2017, 06:04:52 PM
 #28

As long as you have confidence that you have a computer that's not going to become irreparable or damaged, and you have no intention of moving around anytime soon then obviously the best choice is a nice lightweight software wallet, make sure the coins are in there and thoroughly confirmed, shut it down and leave it alone except for possibly making a backup of the wallet data in a different location.

if a person wants progress in his life and he possess a workable computer which he beliefs that is not damageable so he should install the ASAP and open his wallet for bitcoins savage and there is nothing any laborious work just wait and then see your profit

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August 28, 2017, 07:21:30 PM
 #29

As long as you have confidence that you have a computer that's not going to become irreparable or damaged, and you have no intention of moving around anytime soon then obviously the best choice is a nice lightweight software wallet, make sure the coins are in there and thoroughly confirmed, shut it down and leave it alone except for possibly making a backup of the wallet data in a different location.

if a person wants progress in his life and he possess a workable computer which he beliefs that is not damageable so he should install the ASAP and open his wallet for bitcoins savage and there is nothing any laborious work just wait and then see your profit


Yes it is a secure option, but much better option is Paper Wallet for me, highly secure if you are careful enough to protect your Private Keys. Best possible option to just receive the coins in wallet and sit back till you see your target profit being reached. And also very easy to use, no tension of your mentioned problems that may occur with Desktop Wallet.

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August 28, 2017, 07:26:38 PM
 #30

Buy a pile, send it to a cold storage mean and then dig a hole, very deep.
Draw a fessure map where X marks the spot just in case you forget how many steps from the big tree you did dig.
Arrrrghhhhhh

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August 31, 2017, 09:17:57 AM
 #31

Buying bitcoin is depending on the place where you are located. Like example in my case, we have a merchant here were bitcoin accepted(coins.ph), then this merchant affiliated with 711 convenient store outlet where you are able to buy bitcoin using our own currency then you will only shows the reference bar code after that it will scan it to their cashier machine then you will see in the coins.ph to your wallet over there that you have a balance on the amount you buy in the store outlet.


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August 31, 2017, 09:52:10 AM
 #32

If longterm what you want in bitcoin it's better to store paperwork or hardwallet because you hold the private key but if it's only a short term for the exchanger to store bitcoin if just incase you would like to pump the pump and dump of bitcoin more You can easily deal with risky there are just a few exchanger that will be affected by the ddos ​​attack

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August 31, 2017, 10:23:12 AM
 #33

You already sold all of your bitcoin and got huge profit also.so now you can again invest on Bitcoin.but this time I would suggest you for Altcoin investment.its to easy and more profitable also.just try to buy some good alt coin and keep them to your MEW or a wallet that provide you a private key.

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August 31, 2017, 11:58:13 AM
 #34

If you're only investing a little amount of money, you can use exchanger out there to exchange your USD to BTC or you can use coinbase to buy them using credit card. You can save the BTC using online wallet like blockchain.
But if you invest like a huge amount, let say 100 BTC for example, it's better to buy a hardware wallet to store your BTC safely
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August 31, 2017, 07:47:28 PM
 #35

You already sold all of your bitcoin and got huge profit also.so now you can again invest on Bitcoin.but this time I would suggest you for Altcoin investment.its to easy and more profitable also.just try to buy some good alt coin and keep them to your MEW or a wallet that provide you a private key.
I don’t think so that any Government will take up such steps against Bitcoins. On the other hand, it can happen that Governments of different countries can make it as their National Currency. And this will not be surprising at all for anyone knowing the worth of Bitcoin.



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August 31, 2017, 08:00:38 PM
 #36

If longterm what you want in bitcoin it's better to store paperwork or hardwallet because you hold the private key but if it's only a short term for the exchanger to store bitcoin if just incase you would like to pump the pump and dump of bitcoin more You can easily deal with risky there are just a few exchanger that will be affected by the ddos ​​attack

   The most important thing he need to do is to find a good wallet. I have seen ledger and trezor wallets for $30 and up, depends what kind much you wish to pay for protection. There is
no need for experienced traders here, buy when ever you have a chance for that if you plan to hold them for longer, under $5k everything is cheap.
   I have no experience in trading, it is very risky to trade and it is easy to lose bitcoins. Saving is safer, do not pay attention on speculations, people will always have opposed opinions
about bitcoin. You choose do you wish to believe or not, read about it and make your own opinion about bitcoin like I did.

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August 31, 2017, 08:17:07 PM
 #37

Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is  the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs
Though you are very lucky to make it in your last investment  according to your testimony and I am very happy for you for making so much at list double your investment. Since you said you are new I think you should study very well to know when to buy and time to sell. To me the best place to buying bitcoin is from localbitcoin! It is more reliable as there provided escrow services and you should store your coin in an online storage.


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September 01, 2017, 12:38:44 AM
 #38

Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is  the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs
Though you are very lucky to make it in your last investment  according to your testimony and I am very happy for you for making so much at list double your investment. Since you said you are new I think you should study very well to know when to buy and time to sell. To me the best place to buying bitcoin is from localbitcoin! It is more reliable as there provided escrow services and you should store your coin in an online storage.
I agree to that, you need to study hard and study harder because it will serve as your foundation because nothing can beat your education and that is the only thing that anyone cannot get it or stole it from you. Study bitcoin and some of the technical analysis so you can read charts and predict for the possible pattern of the price and decide when to sell or buy.

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September 01, 2017, 12:44:16 AM
 #39

If you wan to invest safely, invest in the perfect time because maybe when you invested then the price goes low so be careful of that.

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September 01, 2017, 02:46:00 AM
 #40

>What is the "best practice" processes to buy and sell BTC?

Experienced traders might buy when BTC prices are declining, for this you its worth using technical analysis to help you pick points on the charts for timing of entries.

>Where is the best place to buy BTC using USDs

Seasoned traders may use multiple exchanges, e.g. Gdax, Kraken and Gemini and then they will buy BTC at whichever exchange has the lowest price. Prices diverge from time to time and you might get much better prices at one of the exchanges if you are alert and nimble.

>Where is  the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store ?the BTCs if necessary

The best place for long term storage is a physical hardware wallet such as a Trezor or Ledger Nano so that you control your private keys.

> What is the best place to Sell BTC using USDs

As noted above, watch BTC prices on multiple exchanges, then pick the exchange where you can get the highest when you sell. 

One more important point, I would never sell all of your BTC even if you feel its overvalued in the short term. Its worth keeping some of your BTC as a long term buy and hold.

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