I just turned 40 today and want to be part in BTC Community (Beginner)

[pilot1970]

Your questions are very interesting, Gold = BTC? My answer is obviously no, they have somewhat similar market behaviors, because gold is scarce, the cost to extract it is high and that is why its price is high, something similar happens with Bitcoin, even its impact can be greater, because the issuance is Finite and defined of only 21 million bitcoins.

FIAT = Altcoin? It is a possibility for the future, because although they are not exactly the same, because FIAT is centralized and most Altcoins are decentralized, in their practical use they can be complemented in a good way.

The power of BTC is in strong demand and is something that has been achieved to some extent, there is still a long way to go.

[1714596096]

1714596096

[1714596096]

1714596096

[akirasendo17]

there should be a solidarity between nation to be able to push through and take a big step forward, with the current situations countries are so careful making a move, first they should accept digital currency then we move slowly , to our common goal this things cannot be done in one night

[Dabs]

One of the safest ways to get more bitcoins (and altcoins) is to DCA into it. That means Dollar Cost Averaging and is a method to buy some asset regularly, such as weekly or monthly. Your fiat money may not be called dollars but the concept is the same and well understood.

This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.

Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.

Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.

Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.

I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.

[skarais]

One of the safest ways to get more bitcoins (and altcoins) is to DCA into it. That means Dollar Cost Averaging and is a method to buy some asset regularly, such as weekly or monthly. Your fiat money may not be called dollars but the concept is the same and well understood.

This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.

Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.

Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.

Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.

I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.

It seems like this is the right suggestion so far. Not only is it useful for OP, but I also get its benefits. Previously I also traded in a number of exchanges and I also keep it there. But after what you get from your advice, it seems like storing assets on the exchange is very risky.

+3
You deserve merit from me, but sorry, now my sMerit is empty.

[pawanjain]

Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.

According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.

[pixie85]

40 is not a lot. I know many people close to that age who are involved. In fact, I know less people below 20 who are into it than people over 30.
Welcome to the forum and I hope you will not get discouraged by FUD and the bears and continue your crypto journey. Good luck and remember to keep your coins safe and avoid scams.

[Kambal2000]

Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.

According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.

Even teenager is actually joining here, I joined here when I was 17 also my friends are here, so this forum really a great help opportunity to everyone, as there is no age requirement, everyone is welcome to join here, everyone is here for us to unite with one purpose and to help each other adopt crypto.

[Baby Dragon]

Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.

According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.

Even teenager is actually joining here, I joined here when I was 17 also my friends are here, so this forum really a great help opportunity to everyone, as there is no age requirement, everyone is welcome to join here, everyone is here for us to unite with one purpose and to help each other adopt crypto.

It is one of the best part on this forum, you can express yourself and share your own experience that might help other people. Actually, your age doesn't really matter as long as you wanted to learn something new and your open for any new experiences because what only matter is that you didn't scam or deceive others just like any other people. As long as you have good intentions then you're welcome. We don't have to underestimate someone because of their age or gender, if they just wanted to explore things then let them. Well its true that some altcoins were made to deceive us, the victims were usually newbies like you because they think that some of  you doesn't have enough understanding and for that reason they will think of some ways to take advantage on you so you need to be very cautious.

[mazdafunsun]

You have the same ideas and excitment about the same things that all or almost all newbies had - the possibility of alternative financial system where people are in charge not the banks and governments who print the money.
unfortunately i have to say that this enthusiasm  dies down when you research and study the fundementals of regulation in financial world. It begins to fade when people understand the huge hurdles.

[xiboothrezi]

If you look at the current system with gold and fiat, can the crypto space be the same? Gold=BTC and FIAT=Altcoin?

My point is to remove the competition from BTC and another crypto in finding the one who dominates all, why not BTC be the Gold and Altcoins by the FIAT...

of course it can't be equated like that.  in the real world, gold and fiat have different characteristics.  gold is formed naturally, it takes hard work and is mined to get it, natural resources that cannot be renewed, are limited in number, rare.  whereas fiat is a human creation, can be produced continuously.  bitcoin and altcoin have the same character, encrypted, only have different chain types.  analogous, bitcoin is the same as the dollar, while altcoin is another currency such as the yen, pound sterling, euro, etc.  Btc and fiat compete?  not really, bitcoin and altcoin have their own unique niches.  Market capacity is also based on investor interest.

[romero121]

Gold being the btc and altcoins being the fiat is impossible at the moment. At the moment as an alternate to fiat bitcoin is used, which means people are getting transformed from the usage of cards and wallets to cryptocurrency if they aren't accessible with fiat. In this case if there is some congestion in the network in getting confirmation and on other factors instead of bitcoin other altcoins were preferred.

For Op, age is not at all an important thing when it comes to technology adoption. You're free to be a part of the community, and the same is being followed here as well. No one restricts with the age criteria, you learn, you earn and you help others to make use of the technology.

[xvacator]

My father says life begins at 40. The change will be there, but you can still learn any new things including for learning bitcoin.

I don't think altcoin can have the same position with bitcoin because of altcoin still behind bitcoin. We know that altcoin prices hard to compete with bitcoin and bitcoin still dominating the market. But there is a chance for bitcoin to be gold for the cryptocurrency, and altcoin will be fiat, and I think we already see that is happening now. Bitcoin still is the first coin in the cryptocurrency, and with the altcoin, it works together to change people's life.

[imstillthebest]

My father says life begins at 40. The change will be there, but you can still learn any new things including for learning bitcoin.

your father is right because that is what the popular qoute said but i still didnt know why whats behind the age of 40 however there is no age restriction in bitcoin and in crypto . any people in any age can participate on it but of course as soon as its allowed on your place .

I don't think altcoin can have the same position with bitcoin because of altcoin still behind bitcoin. We know that altcoin prices hard to compete with bitcoin and bitcoin still dominating the market. But there is a chance for bitcoin to be gold for the cryptocurrency, and altcoin will be fiat, and I think we already see that is happening now. Bitcoin still is the first coin in the cryptocurrency, and with the altcoin, it works together to change people's life.

alts and btc are both good . both are life changer  . both have advantage and disadvantage so i dont feel comfortable when someone compare them if what type of cryptos are better  . 

@op . grats and welcome here  . welcome to the wonderful and colorful world of bitcoin and bitcointalk .

[bitbunnny]

What to say, better late than never. 
Actually, it's never too late to join Bitcoin community. Just make sure that you collect all necessary information and knowledge before you get into action. Don't rush with decisions and don't copy everything you see that others are doing, try to find your own way.

[GideonGono]

It is good to us because you can share your knowledge even you have a digital gap which is the gap of technology from the age of young and the other generation.

You can research what you want to know and also sharing it to us to have more idea from bitcoin and also for the future purposes.