New to Bitcoin, looking for some advice...

[lecomputer]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand?  My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?

I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.

Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!! 

Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?

Thanks, any advice greatly appreciated

[Pintasak]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand?  My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?

I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.

Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!! 

Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?Yes newly begineer in bitcoin has its all whys and hows but seeking and willing to learn from the masters can really helps us from making bitcoin more productive in us.Just learn to exert more to achieve comprehensive goals

Thanks, any advice greatly appreciated

[boboking]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand?  My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?

I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.

Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!! 

Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?

Thanks, any advice greatly appreciated

Yes , it is a great time to buy now since Bitcoin price is steady, if you are going to hold it for years then I suggest to buy some altcoins as well.

You need to diversify, for the altcoins you may want to search what has potential in the future.

[Agetan]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

Now it is a bit late to start with bitcoin. I think altcoin gives us more chance to get freedom.
Eventhough it is late now, but it is better than not join. Risk need to be taken to get profit.

[lecomputer]

Thanks, i am prepared to take a risk. But it seems the risk with bitcoin is less than with Altcoins, although also less chance of huge returns or losses. I would rathr play it slightly safer with bitcoins to start with.

Can someone reccomend the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?

[Wipangga]

Bitcoin, crypto currency in the form of investments and transactions, if you want to do that for me it is great to do that,
but investing in high risk bitcoins, if you can control it you are very lucky, to get more profit, especially in view next year bitcoin prices are very promising again because of the many people who do it.

[nonak]

I would buy bitcoin und ethereum (80%-20%). These seem to have a future.
Cryptocurrency is more reliable to save in the offline wallets over the next few years.

[pinkflower]

I heard that theres a community of Bitcoiners there in Thailand that is mostly comprised of foreigners. I am not sure but go ask on /r/bitcoin in reddit.com.

If there is then I'm sure they will be more than happy to help you get some coins and teach you how to store them securely.

[lecomputer]

So can anyone recommend a good place to buy for people from the UK. And what is the best wallet to use for investments of £1000 or around that much?

Ive been reading for hours and theres so much conflicting info!

[pinkflower]

So can anyone recommend a good place to buy for people from the UK. And what is the best wallet to use for investments of £1000 or around that much?

Ive been reading for hours and theres so much conflicting info!

Read my post above. I recommend having someone with you who knows BTC in person than relying on random people in the forum.

But if you have no choice and you want to buy now, try looking around localbitcoins.com and find a seller there.

Having that said, dont you ever leave your coins in a website. Always store it in a desktop wallet. Use Electrum. Its the best.

https://bitcoin.org/en/choose-your-wallet

[QuestionAuthority]

You should buy as much as you can afford right now. We need new blood to quench our thirst for profit. Buy buy buy

[edzquimno16]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand?  My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?

I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.

Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!! 

Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?

Thanks, any advice greatly appreciated

Hello, It's nice if you started in bitcoin earlier at bitcoin price is low, But its not too late to engage to bitcoin you can use bitcoin wallet if you dont have money to invest. And participating to ICO is best option you will get bounty and you wont be able to invest money just get free token and hodl that token and if that token price will go high then exchange it to bitcoin there you have your bitcoin. hope this helps thanks

[lecomputer]

Thanks pinkflower, I posted at the same time as your post

I will be leaving Thailand in a couple of months, and really want to approach it as if I was in the UK. I have a UK bank where the money will come from. What is the quickest way to actually buy, without having to wit days or weeks for verification, and for exchange?  Coinbase seems to be popular but the fee is high if I spend £1000

Yes a friend recommended Electrum, but I read elsewhere that for amounts above £500 that paying for something more secure is a good idea. What do you think?

[iamTom123]

Thanks, i am prepared to take a risk. But it seems the risk with bitcoin is less than with Altcoins, although also less chance of huge returns or losses. I would rather play it slightly safer with bitcoins to start with. Can someone recommenced the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?

Yes, you need a wallet where to store your Bitcoin otherwise you may buy Nano Ledger or similar devices if you want to be much safer. Since you are a risk taker and it seems you know what you are doing and what you want then today is the right time to get into Bitcoin as we are still in the middle of the December Dip...who knows Bitcoin may accelerate into $50,000 within next year (don't always believe me on this lol).

Also invest some of your money with reliable altcoins like Ethereum, BitcoinCash, XRP and Monero. There are now so many opportunities in the world of cryptocurrency and the best strategy is to hold them for many months and see how far has the coin has grown. Best of luck on your endeavors...sorry I really don't know how you can buy Bitcoin in the UK except maybe localbitcoins just search for more information on that either in this forum or Google.

[payyy]

The first thing that you need to do is create a paper wallet for safe purposes, it will keep you more safer than if you store them on a simple exchange. And then, buy those bitcoins in localbitcoins for p2p, there is nothing more safer than that.

[pinkflower]

Thanks pinkflower, I posted at the same time as your post

I will be leaving Thailand in a couple of months, and really want to approach it as if I was in the UK. I have a UK bank where the money will come from. What is the quickest way to actually buy, without having to wit days or weeks for verification, and for exchange?  Coinbase seems to be popular but the fee is high if I spend £1000

Yes a friend recommended Electrum, but I read elsewhere that for amounts above £500 that paying for something more secure is a good idea. What do you think?

These days I dont know any exchange that doesnt require verification. Try finding a seller on localbitcoins.com. There are some sellers that are willing to sell you some BTC without ID. But it wont be as high as £1000.

You can also try the marketplace/currency exchange subforum here. But be careful, there are lots of scammers.

Electrum is okay but make sure that your computer is clean and secure. But buying a hardware wallet is good too if you can afford it.

https://bitcoin.org/en/wallets/hardware/

[lecomputer]

Thanks for the advice

Yes I would like to invest now if possible, but I dont want to rush in and make a stupid mistake. So I just need to the find the right place to buy, and the right way to store them.

What is considered the safest wallet that is not hardware?

Also, if my plan is just to buy and leave the bitcoin there, not to trade/buy/sell then is there a safer way to store it?

[edzquimno16]

Thanks, i am prepared to take a risk. But it seems the risk with bitcoin is less than with Altcoins, although also less chance of huge returns or losses. I would rathr play it slightly safer with bitcoins to start with.

Can someone reccomend the best place to buy bitcoins in the UK? Also, do I need a wallet to keep them in?

Hey mate ! You mean buying bitcoin in UK in a physical store or online ? if online you can do research on google where to buy . There's many out there you just need to do is use your internet and research. Speaking of buying bitcoin in UK at physical store , I can't help . But try localbitcoins.com maybe you can buy there . Thanks ! Hope it helps !

[janah]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

It seems that as there is a dip right now that its not a bad time to invest. I am from the UK but currently living in Thailand for the next few months. Can anyone reccomend the best/safest place to buy Bitcoin if I'm from the UK. Is it possible when I am here in Thailand?  My cousin said he used an offline wallet called Electrum, but said I could just leave the Bitcoin in the accoun of the place I bought it from. What is the best thing to do, what site would you use?

I was thinking of buying £1000 worth, and just leaving it in and seeing what happens over the next few years. I do not plan to constantly buy and sell, or to build up a portfolio of other cryptocurrencies.

Does £1000 seem like a reasonable investment at this point in the game? Obviously if Id invested that at the start of the year Id be very happy now, but I guess the likelihood of similar returns in the next year are unlikely, but who knows!! 

Also, are there other crypto currencies you think might be a better investment, or better to split with Bitcoin?

Thanks, any advice greatly appreciated

Its too late to invest bitcoin but in other crypto you have chance because there are many cryptos who just starting but choose the good ones because if you choose a scam coins it is a tottaly waste of time.

[lecomputer]

Thanks. It seems that I will get more for my money on Coinbase than on Localbitcoins, even with the fees. But then there are fees when transferring to another wallet. Im finding it all a bit confusing!

My intent is to spend a certain amount on Bitcoin and then just sit on it for a while and see what happens. So I'm trying to find a simple way to buy it and then store it. Can you reccomend a the simplest/safest way to do a paper wallet?

Or do you think for the amount Im investing its ok just to use Electrum?

[hessanseen]

If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.

[lecomputer]

Thanks

I would like to invest in Bitoin and various Altcoins, but I will not have a lot of time to spend on this as I have to work, so I just would like to find a few good looking ones to invest in. There is so much info out there, so many conflicting opinions.

Coinbase seems like the easiest way for me to get Bitcoin right now, but I have also read many bad reviews. What do you think?

[Ranly123]

All i can advice to you when investing in bitcoin is, you have to take the risk. Which means the higher the risk the higher the return. There are many ways to earn your profit in bitcoin and that is holding, staking, trading, lending and bounty hunting. But remember not to put all your money on cryptocurrency due to it volatility, invest only the amount you can afford to lose.

[Zalfa_mui]

This is the best time to buy bitcoin ,, because another month will explode.Take a bit of your savings to invest. Then you will benefit.Another good Altcoin I think is BCH.

[lecomputer]

Yeah the more I look into it the more it seems like gambling! I also dont want to stare at screens all day trying to work out whats going to happen. I just want to put some money in to something that looks promising and wait it out. Shame to miss the big Bitcoin rush in the last year, but it seems that it could rise more anyway.

I'm unsure as to whether to get into the various Alt coins around, but maybe some of the bigger ones arent a bad idea

[Lodipetmalu]

There were many ways to learn about bitcoin. Best way is to internet, just search on it and many will appear about bitcoin. If you want to invest on bitcoin, you need to have strategy so that you will not have loss, you should consider the market trend. How if you don't have extra money to invest, there are lots of ways offering bitcoin, just search on this forum you will learn a lot. A lot of company willing to pay just to advertise bitcoin.

[Gotomoon]

This is the best time to buy bitcoin ,, because another month will explode.Take a bit of your savings to invest. Then you will benefit.Another good Altcoin I think is BCH.

It is indeed the best because of the correction happen. It is not late to invest and still you can buy btc and hold for a years. I dont think on BCH good to buy but be wise in in investing in altcoin.

[konfuci]

Well, It is the right time to invest as the price of bitcoin will rise in 2018 and many huge companies are supporting Bitcoins as their currency.

Check out here: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

[BitcoinHodler]

£1000 may be tiny for someone but it can also be whole life savings for someone else.
so you have to decide where on this scale you fall into. if it is not that big a deal for you, then go for it. but usually the amount that is suggested for an investment is a small amount you cut from your daily expenses like some bad habit of spending you may have. cut that and put that money in bitcoin.

[lecomputer]

Thanks

Well I own a house, so most of my money is in that. But I have about 15k outside of that. I don't know how much is a good amount to invest in bitcoin or other alt coins. I have had the money sitting in very low interest accounts for too long. If I had got into all this a year or two ago when I heard about it I would be doing very well now!

Its hard to know when to jump on board with bit coin as it went up so much recenty, and I dont know if I should wait longer for it to go lower?

[Hanako]

 To know more about bitcoin, first of all you should have read carefully about the thread and forum about bitcoin. and post.  You will have more knowledge when you understand the fellow member of the forum.  By sharing ideas at the same you should have to respect member.   And join in the signature campaign.

[coinfinger]

If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.

First of all we welcome you here secondly before going to join bitcoin you must have to learn about bitcoin in detail because I know a lot of people who quit trade and the reason behind this is that they have no such a good knowledge about bitcoin when you study bitcoin in detail so you can earn from here easily because bitcoin is also very easy to lean and there are something which are very important to learn so my advice is to learn about bitcoin.

[tigan_gangmei]

Yes, if you're a long term holder then buy now when there's dip. Else buy alt coins which will be promising in future.

[likeBTC]

You clearly answered to all your questions in there; You said that the "bubble" will burst.. So if you think that, then why the hell are you asking for help in here?
And let me tell you that if you are not going to invest $1000 - $5000 at least, you are not going to make a huge profit.

[lecomputer]

Thanks for the info.

I've learned a lot in the last few days. I have ordered my Ledger Nano S and have a plan for getting into some longer term holding coins, some of the bigger ones. I will branch out into the other Alts if I feel inclined at a later date.

Its hard to know when to buy BTC as its climbing again, but looking at trend lines it seems it could drop much lower too, so just wondering when to buy in. Maybe I shoudl just dollar average over the next two weeks or so. Its changing so rapidly

[eatfaith]

Get involved in Bitcoin. Then everything will happen to you. Try to buy a small amout of bitcoin first.

[lecomputer]

Thanks, yeah I plan to put even amounts into Bitcoin and ETH, and possibly a couple of other strong coins.

But everything is climbing and I'm still waiting for my bank to transfer the money. Could be a few more days, which is annoying. Im hoping Bitcoin will drop a bit still

[h0lybyte]

Obviously if you would have invested that £1000 before a year, you would have now £15000 within this brief time. We couldn't say bitcoin is bubble for sure because it is support of people and this support will increase as more people are becoming aware of crypto market. Big investors say that a bitcoin can even surge to $50k in one or two years, so yout £1000 is enough to start

[lecomputer]

I know, Ive been kicking myself as I was so close to investing all this a year ago, but various life events got in the way and friends were sceptical so I didnt. But its not too late!

[Kakmakr]

Thanks

Well I own a house, so most of my money is in that. But I have about 15k outside of that. I don't know how much is a good amount to invest in bitcoin or other alt coins. I have had the money sitting in very low interest accounts for too long. If I had got into all this a year or two ago when I heard about it I would be doing very well now!

Its hard to know when to jump on board with bit coin as it went up so much recenty, and I dont know if I should wait longer for it to go lower?

Bitcoin is a long-term investment, so your mindset is 100% correct. ^smile^ If I was you, I would create a paper wallet <cheapest & safest method to store your coins> and buy small quantities on Localbitcoin and then push it to the paper wallet.

Store the paper wallet with your Passport and a copy somewhere else. Alternatively, buy a hardware wallet, like the Ledger Nano S or Trezor.

[lecomputer]

yeah I just ordered the Ledger Nano S

Just waiting for Bitcoin to drop a bit in price and for my bank to get off their asses and transfer my money!

[kiver]

would like to welcome you to the crypto currency world the more people join crypto world the more help we have to get to our cause the crypto world still new and in need to promote to communities   to get them to the idea of how crypto work and how this new system could make a world revaluation in finance my advice start searching and investing in some projects start promoting crypto world and sure you will benefit i cannot say you wont  its never too late good luck

[lecomputer]

Thanks

[JoseJoseJose]

 I advice that if you have money you can invest in bitcoin and learn some ways to earn via investment. If not, dont waste your time in faucet because the earning percentage was too low. You may join campaign in different sites and earn money without releasing any amount of money

[denzkilim]

If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.

First of all we welcome you here secondly before going to join bitcoin you must have to learn about bitcoin in detail because I know a lot of people who quit trade and the reason behind this is that they have no such a good knowledge about bitcoin when you study bitcoin in detail so you can earn from here easily because bitcoin is also very easy to lean and there are something which are very important to learn so my advice is to learn about bitcoin.

This is the best advice and you must take note of this. "Buy low, Sell high and buy nano ledger S and you are all good and kickin (thank me later jk) here is another tip "Invest at your own risk and invest only what you can afford to lose" 

[lecomputer]

Do you consider Bitcoin low at the moment? Its still quite high overall, but lower than where it was a few weeks a go. Would you wait a few days, weeks to see if it drops more?

[ethereumhunter]

If you can take a higher risk, you can invest this 1000 in altcoin and maybe get a good surprise. If you want to keep growing, you can invest only in bitcoins and suggest that you buy it in batch, so you can avoid the risk of intense market volatility. If you have any extra money, you can increase some of the investment on the bitcoin.

First of all we welcome you here secondly before going to join bitcoin you must have to learn about bitcoin in detail because I know a lot of people who quit trade and the reason behind this is that they have no such a good knowledge about bitcoin when you study bitcoin in detail so you can earn from here easily because bitcoin is also very easy to lean and there are something which are very important to learn so my advice is to learn about bitcoin.

This is the best advice and you must take note of this. "Buy low, Sell high and buy nano ledger S and you are all good and kickin (thank me later jk) here is another tip "Invest at your own risk and invest only what you can afford to lose" 

as long as you follow the way, you can make a big profit in the future and don't give up if you cannot make a profit. that is a good advice for new people which want to invest their money in bitcoin. only use money which you are ready to lose and don't get sad if somehow you do not yet make any profit because your time will come and it is better if you keep continuing to work so when the time comes, you can make a big profit too.

[faceoff97]

Hi everyone

I have known about Bitcoin for many years, but did not have the money to invest until now. I know many think it is a bad time and the bubble will burst, and from what I know there is no way of telling what will happen next, so it is just a risk to be taken.

Now it is a bit late to start with bitcoin. I think altcoin gives us more chance to get freedom.
Eventhough it is late now, but it is better than not join. Risk need to be taken to get profit.

Its really not yet too late, there are still few people who are engage with it. We are still the early people who have found this Bitcoin. Surely once we nuy now, it will grow into grater value in a long time period. better to have one now than to not doit for you not to regret this kind of decision.

[lecomputer]

Thanks. BTC was at 13800USD 3 days ago, now its at 15500USD. Is it likely to go lower than this, or more likely to rise from here?

Im so new that I cant really make accurate predictions, bu just want to get something invested and sit back and try and relax for a while!

[Axcel-m]

Hello lecomputer,

it is never too late to start trading with coins.
in my opinion you should use your invest for alt coins with the target to get back your invest and
trade with your earned money.
I needed 1 Month and 5k and invested it in different altcoins.
After my cash out it was easier to trade because there is no possibility too loose real money. Just the time you spend.

I also use the Ledger nano s. It is easy and secure instead of using several different wallets.

Cheers Axcel

[lecomputer]

Thanks, I plan to do that but firstly before any rises that come soon I'd like to get some money in to some strong coins, BTC, ETH, LTC etc.

Otherwise I could trade with Alt coins for a month or two, possibly not make money and all the big coins may be much more expensive.

Its hard for a beginner to know what to do. Lots of anxiety!

[mutrang23]

I have some tips for you:
1. Learn about trade before joining the trade
2. Find out the reasons for successful bitcoin
3. Do not trade bitcoin when the market fluctuates

[Malamok101]

if you have more money and now you have to start bitcoin you need to first invest ok trading for you to earn enough money you okay just buy bitcoins at nearby store jan okay then get transactions with other people to buy bitcoins because you also get here when you just hold bitcoin because every day the price rises or decreases bitcoin.