Newbie here, bought bitcoin, what next?

[edhp]

here's what you should not do - do not put it in lending platforms

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[EricExxo]

Indeed, crypto isn't an easy 'get rich, fast' investment. learn how to interpret graphics on babypips.com and then try your luck to anticipate trends. Prepare to lose a lot before being a good trader. Never invest more than you can afford to lose.

[RafaelaFernandes]

Thank you so much guys, a lot useful information here! I'll get onto educating myself on bitcoin trading! I have made myself a paper wallet for now, looking at buying Ledger or Trezor.

[RedArcher]

well, once you bought it - kepp it (read: hodl).
once you see it's fluctuating and your profit is floating constantly - then you can think about purchasing more coins.
definitely I would recommend you to check some aggregators like coinmonkey.io for exchanging BTC to other coins and vice versa. they aggregate rates from major exchanges and you always see best rates.

[villain24]

Hold your bitcoin until the price rises. Then it's your choice whether you are contented with the profit then you can convert back to USD or your local currency.

[desperatenuf]

Bitcoin is on the rise

[SergiuDemerji]

1. Search the alts you're interested in buying using CoinMarketCap and check the "Markets" tab on each of them to see where they're being traded.
2. Sign up on those exchanges.
3. Find out what trading pairs are available to buy the alt (BTC/alt, ETH/alt, LTC/alt for example).
You're hoping for LTC pairings which are the cheapest and fastest. Eth is 2nd, BTC is 3rd. There are other trading pair coins on some exchanges, but these 3 are the usual suspects.
4. Deposit coins from the cbase wallet to the other exchange(s), and look up a video on youtube to learn how to trade on whatever exchange(s) you signed up for.

[supermoew]

Okay...I understand. Better take it slow, I guess...Do you know any courses I can join, maybe? 

There are several free courses on the internet:

https://www.coursera.org/learn/cryptocurrency - an 11-week online course by Princeton. I haven't tried this myself yet, but I've heard great things about it. You'll probably learn everything you need to know about Bitcoin and its underlying technology if you finish this.

https://www.edx.org/course/industry-4-0-how-revolutionize-business-hkpolyux-i4-0x - discusses how Bitcoin and other emerging technologies can help you revolutionize your business. If you want to learn how to earn with Bitcoin, this might be beneficial to you.

I'm sure there are others, but those would be excellent places to start if you want to learn. Try not to get into crypto investment classes as a large majority of those are scams. You're much better of gaining knowledge on your own and applying it to your portfolio.

this helps

[enkongtukmol]

you will need time, patience, and money which you already have. now you can wait for bitcoin goes high or you can buy altcoin which has a potential to increase someday. im not really doing this but my friend does so as i observe they were just waiting on thier satisfaction of the price of thier altcoin and they will sell it soon if it reach their satisfaction. thats what i can share for you.

[Agathai]

I think you need a strategy and plan. Short or long term investment. In my opinion, BTC is suitable for long term investment.

[rohanshinde]

Now that you have bought BTC, I would recommend you to exchange it for DeepOnion. It's one of the best project out there. Check out https://DeepOnion.org
We have airdrop too. Checkout the link and know how it participate in the airdrops.

[litepresence]

First of all, if you want to be a successfull you should need patience. This is the basic things for trading. Before investing money you should do research on that money. I think this is the right place to learn and improve yourslef. Just go to Trading discussion session read other post and gain knowlege. Instead of keeping all the money in sigle coin, better split into other altcoins.

I personally prefer these top 5 altcoin for investment.

1. Ethereum
2. NEO
3. XRP
4. ADA
5. IOTA

[paulmaritz]

here's what you should not do - do not put it in lending platforms

Not all lending platforms are equal or scams. Lending platforms such as ETHLend, SALT and Debitum Network are legit. The scammy ones normally promise interest rate payments of 1% a day (or 30% per month), etc.

[bingble]

Crypto isn't an easy 'get rich, fast' investment. You can make nice profits but you need to take your time to read and learn about crypto. Nobody can tell you what coins you need to buy since everyone has a different investment plan.

Read a lot on this forum, especially the beginners forums.

When looking for coins to invest in look at their marketcap, at their website and read their whitepaper. Understand what the coin is used for and what it's purpose is. Don't go investing in coins because someone tells you to.
It's also a good thing to read up on understanding the charts to look for good times to buy and sell coins.

Good advice. Don't hope to be rich at one night through crypto investment. As you have bought BTC at a good price, then hold it, be patient, sell it at a nice price, then be patient waiting for a while, buy again at a lower price... 

[Digital Mutant]

Hello guys, I was looking at bitcoin for a while, and now I bought 0.5 bitcoin through coinbase. Could you please advise me, what to do next? There are a lot of different coins out there. I watched some youtube videos, and seems, people are making money left and right with crypto...How can I turn my bitcoin into lots of profits? 
Will be happy for any suggestion xxx

Hi I think the question is very subjective and generic.
First of all I would say study a lot before doing anything
Then move your bitcoin to a secure wallet
Then study and DYOR again about digital assets in general and then decide if you are going to diversify your investment or hodling your bitcoins till the rest of your life

It depends by tbe purpouse of your investment that at the moment as you say is pure speculation, but maybe if you learn more and listen to veterans, follow good accounts on crypto twitter, DYOR and so on, you will find out some more from the blockchain revolution and understand the big potencial of your investment in the long therm
Good luck

[adabit56]

1. you can invest it (hold it for future)
2. or you can trade, trading is not so simple, and there are so many crypto coins..
better try demo mode first

[CryptoEnthused]

Hope you know a lot of things about bitcoin. First thing is you should know about the things you invest in. Then when you have done that you have basically two options:

1. Investing (holding). Make fundamental analysis and invest in the coins you believe in. Hold for at least a year
2. Trading. Learn technical analysis and start trading. Just do not daytrade. Few people can make money like that.

I would recommend to leave at least a half in bitcoin

[Ayiranorea]

Op has the expectation to make a big profit through bitcoin. For this the only possibility is through holding the same for a much longer time period. At least the user should hold it for five years or more to get the best out of the 0.5btc that has been bought now.

[jasbill]

Trading is not so simple. Be sure you know some basics, it's not for everyone. You need to have some strategy and rules to prevent panic.

[jmiro1]

Keep it. If possible, try to buy some more. And always keep track of the value of the Bitcoin. You will know what to do.