Hey guys newbies getting into Bitcoin now

[Walrus1]

I've been investing in stocks for twenty years or so with good results. I also have physical gold just because. Don't get me wrong, I'm not a rich guy, just trying to grow my money so I don't need to bust my balls working till I'm 90. I just recently joined coinbase to acquire some Bitcoin. I know I'm late to the party on top of which right now I'm only using my credit card on Bitcoin so I can only purchase small quantities weekly. Due to the weekly intervals I wasn't able to get in much on the recent drop. Glad I found this forum you guys gave me some practical advice while I was lurking. I'm used to looking at P/E ratio and other guidance in stocks. Bitcoin is a different animal and the best I can figure is it's growth is fueled by the confidence of it in its owners rather than in the numbers behind it or confidence in the government that prints it. I still do think that Bitcoin is a fiat but I know that is a provactive statement. Anyway, for people like me, who are getting in within the last few months I fear those crazy returns many of you were fortunate to enjoy are not going to be for us. I do beleive Bitcoin will still grow, just not like it has. So for now my plan is to use my coinbase limits to make small acquisitions and as I feel confident I will link coinbase to another source which will increase my buying power. I'm still deciding how much I want to put into Bitcoin. I want to understand better the safety of coinbase etc. although I'm getting in late I'm glad I'm getting in, if nothing else a little more diversification and of course to see where Bitcoin goes. Thanks I hope we all do well, this is my first post by the way.

[matuson]

There is the idea that in order to diversify their risks need to invest the money in altcoins. I don't see the point in it. Bitcoin a safer currency. It is steadily increasing in price. Why voluntarily give up income. You can invest in altcoins but just hold your coins you have will not work. There need a different tactic. Earn with bitcoins easier.

[Walrus1]

Well when I mentioned diversity I meant in addition to stocks,gold and silver. I'm in no other coins than Bitcoin but I was thinking of litecoin

[Oulay]

Hey, it's better to keep your BTC in a wallet where you have the private keys..
Here's a post about the types of wallets, choose the one that suits you the most:
https://bitcointalk.org/index.php?topic=1631151.0

[n4poleon]

Well, it appears that you're not that noob, years of experience in stocks may give some benefit as sometimes bitcoin behaves like a stock,  when you have experience in forex, it will definitely help you some insights in terms of trading. One thing I'd suggest is don't or limit your use of web wallets such as coinbase, as these are just custodial accounts your not in control of your priv. key. One rule of thumb and n crypto is, not your private key not your bitcoin. Use a hardware wallet

[Slow death]

I've been investing in stocks for twenty years or so with good results.

You make a good amount of money.

I also have physical gold just because. Don't get me wrong, I'm not a rich guy, just trying to grow my money so I don't need to bust my balls working till I'm 90.

being old man is something problematic and being old man and without money becomes a big nightmare

I just recently joined coinbase to acquire some Bitcoin.

oh you did well

although I'm getting in late...

well, I do not think you're late, in the future the price of bitcoin will increase a lot

this is my first post by the way.

Welcome to the bitcoin world.

[Walrus1]

Hey, it's better to keep your BTC in a wallet where you have the private keys..
Here's a post about the types of wallets, choose the one that suits you the most:
https://bitcointalk.org/index.php?topic=1631151.0

thanks see I know nothing about this but I will investigate ur link, thanks

[dawoodkhan97]

You can also buy bitcoins from localbitcoins.com
with various modes of payments.

[miyaka26]

Hey, it's better to keep your BTC in a wallet where you have the private keys..
Here's a post about the types of wallets, choose the one that suits you the most:
https://bitcointalk.org/index.php?topic=1631151.0

Op you need to move your coins with a secured cold storage wallet like mentioned above my quote, learn how to use and utilize those wallets as it is safer to store your coins in a wallet that you owned the private key and you have a full control over them cause most of the coinbase don't provide that feature, believe me, there are tons of people who lost or stolen their coins online. Well it is not too late to invest in bitcoin as the potential of this coins is great added by the support of the community the price may pump again more than 10k base on the speculations so just keep holding don't just listen to the FUD's online.

[andylioe78]

years of experience in stocks may give some advantages because sometimes bitcoins behave like stocks

[Walrus1]

years of experience in stocks may give some advantages because sometimes bitcoins behave like stocks

Thanks, that is one of my main concerns about this. What good is having Bitcoin if it'll get hacked or you are in constant worry of getting hacked. I read a lot on Bitcoin but I know nothing about the security of coinbase or moving it to another wallet. Every week I have been buying btc and I plan on continue that way till I hit a price point I feel comfortable with. I'm also thinking of taking profit on my tesla stock as I feel it is highly overvalued. I really need to decide how much in Bitcoin I want to go. There really isn't much to go on. No P/E or earnings or production to follow. I see what some of you are doing with trading the other coins, taking profit and moving into Bitcoin or something else. It's very interesting, I never knew of that till I found this forum. I'm no where near knowledgeable enough to do that but it's opening my eyes to the possibilities. Thanks again for the input on the wallet.

[aries1]

Yeah the people on this forum are awesome!!! I am like you... knew nothing about Bitcoins... by reading different posts.
They guided me step by step on how to buy and now I am the proud owner of a little bit of Bitcoin hahaha.
Wish you all the best and may we all profit from our investments.

[jaylhynne018]

I've been investing in stocks for twenty years or so with good results. I also have physical gold just because. Don't get me wrong, I'm not a rich guy, just trying to grow my money so I don't need to bust my balls working till I'm 90. I just recently joined coinbase to acquire some Bitcoin. I know I'm late to the party on top of which right now I'm only using my credit card on Bitcoin so I can only purchase small quantities weekly. Due to the weekly intervals I wasn't able to get in much on the recent drop. Glad I found this forum you guys gave me some practical advice while I was lurking. I'm used to looking at P/E ratio and other guidance in stocks. Bitcoin is a different animal and the best I can figure is it's growth is fueled by the confidence of it in its owners rather than in the numbers behind it or confidence in the government that prints it. I still do think that Bitcoin is a fiat but I know that is a provactive statement. Anyway, for people like me, who are getting in within the last few months I fear those crazy returns many of you were fortunate to enjoy are not going to be for us. I do beleive Bitcoin will still grow, just not like it has. So for now my plan is to use my coinbase limits to make small acquisitions and as I feel confident I will link coinbase to another source which will increase my buying power. I'm still deciding how much I want to put into Bitcoin. I want to understand better the safety of coinbase etc. although I'm getting in late I'm glad I'm getting in, if nothing else a little more diversification and of course to see where Bitcoin goes. Thanks I hope we all do well, this is my first post by the way.

yes i also see them theirs so many newbie i see on this past week so because of that bitcoin community is increasing so its increasing investment oh wow it was so amazing!

[Oasisman]

I've been investing in stocks for twenty years or so with good results. I also have physical gold just because. Don't get me wrong, I'm not a rich guy, just trying to grow my money so I don't need to bust my balls working till I'm 90. I just recently joined coinbase to acquire some Bitcoin. I know I'm late to the party on top of which right now I'm only using my credit card on Bitcoin so I can only purchase small quantities weekly. Due to the weekly intervals I wasn't able to get in much on the recent drop. Glad I found this forum you guys gave me some practical advice while I was lurking. I'm used to looking at P/E ratio and other guidance in stocks. Bitcoin is a different animal and the best I can figure is it's growth is fueled by the confidence of it in its owners rather than in the numbers behind it or confidence in the government that prints it. I still do think that Bitcoin is a fiat but I know that is a provactive statement. Anyway, for people like me, who are getting in within the last few months I fear those crazy returns many of you were fortunate to enjoy are not going to be for us. I do beleive Bitcoin will still grow, just not like it has. So for now my plan is to use my coinbase limits to make small acquisitions and as I feel confident I will link coinbase to another source which will increase my buying power. I'm still deciding how much I want to put into Bitcoin. I want to understand better the safety of coinbase etc. although I'm getting in late I'm glad I'm getting in, if nothing else a little more diversification and of course to see where Bitcoin goes. Thanks I hope we all do well, this is my first post by the way.

Getting into Bitcoin today isnt late, instead we are lucky to get or invest while Bitcoin is about to go to the moon, as its gaining more popularity, making more investors to get involved, and businesses are starting to recognize and accept Bitcoin as a form of payment globally. Youre experience in stock market will bring you closer to success in Investing on Bitcoin I guarantee that. Trading would become easy for you once your hands on. Good luck and have a great and succesful investment.

[Sottorocky]

Thank you bitcoin..

[Dudeperfect]

Welcome on board, I appreciate your involvement with the Bitcoin but as you have noticed, Bitcoin or crypto market is not a stable and smooth market, in fact, it is wild in behaviour and hence things move faster even than high beta stocks in the regular stock market. You can continue you systematic investment plan to take the advantage of the volatility and don't consider yourself as a latecomer as I believe that anyone getting involved below $10K levels is an early adopter.

You can keep your funds in Bitcoin and even trade in stocks/commodities using the platforms like 1Broker to take advantage of Bitcoin as well as stocks movement. I think this will be a suitable option for you as you already have some experience in this sphere.

[Walrus1]

Welcome on board, I appreciate your involvement with the Bitcoin but as you have noticed, Bitcoin or crypto market is not a stable and smooth market, in fact, it is wild in behaviour and hence things move faster even than high beta stocks in the regular stock market. You can continue you systematic investment plan to take the advantage of the volatility and don't consider yourself as a latecomer as I believe that anyone getting involved below $10K levels is an early adopter.

You can keep your funds in Bitcoin and even trade in stocks/commodities using the platforms like 1Broker to take advantage of Bitcoin as well as stocks movement. I think this will be a suitable option for you as you already have some experience in this sphere.

heck ya I see the volatility and yes when it does have a nice run up it outperforms my stocks and my stocks aren't doing badly. Closest I can think of was an IPO I was lucky enough to get into, it was during the boom and I made almost six figures in three days. I don't even think that company is around anymore. I know Bitcoin has beaten my best return. By the way I'm not bragging just giving examples on stocks. I have a feeling the market is gonna have a correction and in the near future I'll be taking profits. I love this stuff, what do you do make 1.9 percent on a four year cd? No, you gotta take smart risks to get ahead in life if you weren't born with a trust fund, which I wasn't

[freebutcaged]

Mate you are not that late, what would you say if price increases to $10,000 in the first days of new year 2018? what would you call $2000 increase

In over a month? you are still one of the fortunate people in my opinion, Bitcoin is like fiat money but with a major difference> you can generate new

Coins freely, no one could stop you.

[skyflakes88]

There is the idea that in order to diversify their risks need to invest the money in altcoins. I don't see the point in it. Bitcoin a safer currency. It is steadily increasing in price. Why voluntarily give up income. You can invest in altcoins but just hold your coins you have will not work. There need a different tactic. Earn with bitcoins easier.

my personal advice to this is that test waters first if bitcoin is for you so with the fray if not look for other investments in the market, if you are continuing to invest in bitcoin you should read and understand what bitcoin first then know how are you gonna gain more bitcoin to boost your investments this involves studying of such patterns and indicators that would support your analysis..

[Kakmakr]

You are never too late, because we do not know what will happen with Bitcoin in the future. A lot of people ask this same question a year ago and we had the same answer. Bitcoin has shown a 800% increase in value since then. I would rather take the risk and get some flesh in the game now, than having to look back with regrets not buying any when it was low. <$8000+ might look high now, but in a year it might grow with 800% again>

Bitcoin is a high risk investment, so do not invest more than what you are willing to lose. ^smile^