Basic Bitcoin skills

[Murtaza345]

In my opinion the basic bitcoin skill first ,you learn more and more about bitcoin because if you don't know anything about bitcoin you will not understand any thing about bitcoin,and second you need to join bitcoin  signal groups because its basic way,and by bitcoin signal groups you can learn so many things about bitcoin, because its my experience,I personally taught so many skills by bitcoin signal telegram groups.and instead of there are so many skills which you can learn and increase your bitcoin portfolio.

[1714624601]

1714624601

[1714624601]

1714624601

[RILWAN]

Your journey just started and I wish to commend your efforts to locate this forum, I will say you should get an offline wallet and get your wallet keys save on paper and stored in a secured place as you wish to hold for long time. You don’t need any technical skill to hold and you need to care for is the security of your wallet.

[verita1]

Welcome to the forum!
If you want to invest in bitcoin one of the best tools is patience, it is what usually happens to us when we decide to Hold bitcoin. I am glad that you think of bitcoin as a long-term investment, if you want to invest a large amount of money in bitcoin you could follow Michael Saylor and learn about his strategy and investigate how he does it.
Every time the price of bitcoin goes down, Saylor buys a lot of bitcoin.
As I am a Binance user and I have a good experience on the site, I would recommend that you buy bitcoin there as well.

https://www.binance.com/en/blog/318034612921425920/How-to-Buy-Bitcoin-A-Quick-Guide-from-Binance

Good luck, it's an incredible journey! BTC

[Xinarae*]

In order to work on bitcoin you first need to know about the crypto market and gain skills by analyzing its various sites. With crypto market you have to do basic things with your own intellect it is better to consider the past aspects of technology to know where and how to work and the updated information of the market do not share personal information with anyone to keep bitcoin's wallet secure. With the possibility of doing anything decentralized blockchain offers a huge potential has acquired deep skills to work on latest technologies like blockchain iot artificial intelligence etc.

[Leviathan.007]

By basic knowledge, I assume you main you don't even know what is bitcoin. So, I would suggest you first do some own research about 'What is bitcoin' and learn the very basic stuff about the pros of this technology, and then you can start with understanding transactions and wallets to start and do your first trades on the bitcoin network. then you can chose to start learning advaned technical skills about the project in order to do that you can easily check the technical secsion of the forum and ask your questions there. But first you need to do research about the basic stuff and here google can be best friend.

[ethereumhunter]

If you want to buy a large amount of bitcoin and hold it for the long term, you do not need skills but you only need to manage your emotion because, in your journey, you will see the price will go up higher and lower many times and that can make you panic. Maybe you can set yourself to buy and forget it for a long time, depending on how long you will hold bitcoin. Let say you want to hold for 5 years from now. You do not have to check the market too often because bitcoin price volatility will make you unsecured holding your bitcoin and that can attract you become panic. Once you panic, your plan to hold bitcoin for the long-term will not work because you will think that you get lost at that time.

[Shasha80]

If you want to buy a large amount of bitcoin and hold it for the long term, you do not need skills but you only need to manage your emotion because, in your journey, you will see the price will go up higher and lower many times and that can make you panic. Maybe you can set yourself to buy and forget it for a long time, depending on how long you will hold bitcoin. Let say you want to hold for 5 years from now. You do not have to check the market too often because bitcoin price volatility will make you unsecured holding your bitcoin and that can attract you become panic. Once you panic, your plan to hold bitcoin for the long-term will not work because you will think that you get lost at that time.

It's true that we don't need skills to invest in Bitcoin in the long term, we just need to believe in the future of Bitcoin. And also our emotions must
be controlled, so as not to panic when the Bitcoin price falls. Vice versa, if the Bitcoin pump we can still be patient to keep holding until it reaches
the target that we have previously set. Because Bitcoin is one of the safe investments for long-term, so we don't need to monitor the market too often.
We can see the market once a week, to know the development of Bitcoin. Unless we want to day trade using Bitcoin, it really requires skills and
abilities to analyze the market.

[Dread Pirate Roberts]

I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

There is no technical skill for holding coins. all you need is faith and trust in bitcoin. no other way. You are the one who judges for yourself whether you are able and sure to hold coins for the long term. Becoming a long term holding only requires strong faith and determination in bitcoin and keep positive with what you believe in. and believing in bitcoin is not a bad thing.

[uelque]

As majority of here said, there are no technical skills or any kind of skills needed if you want to hold a large amount of bitcoin. And you as a investor, all you need to have is the courage to believe that bitcoin worth much more in the future. Investing doesn't require any technical skills in my opinion, either it is crypto or non crypto related stuffs, only proper research and patience is what a certain individual needs.

[sapnu]

my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

In terms of learning how to hold your bitcoin, there are no technical skills needed for you to be good at it. You just need to learn how to read the price change happening in the market and always make sure that you hit the right timing always so that when you sell, it is still profitable. It is usually a risk whenever you invest large amount of bitcoin but those who take risks will be the only one who can get the chance on gaining huge profits since it required large risks to gain large benefits. Make sure that your decision making with regards to your holding is not affected by your emotions.

[fileo]

First, may I appreciate your action for asking first before you invest in Bitcoin which you know it is volatile. As what our seniors recommendation, store your Bitcoin in the safe wallet, avoid emotional point of view, do not panic. All of these are important to deal your crypto investment life daily. Maturity is necessary mate. Good action. Keep it up

[Ararbermas]

I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

first you should make technical analysis mate because that's the most important to determine if its has a chance to keep climbing or not, nevertheless if you just invest your money without doing such way it will become skeptical and very risky decision. So bear it on your mind mate to assure everything will gonna be alright afterwards.. and of course don't forget to follow the rules when it comes investing wherein "buy low and sell high", so never ever put your money because someone is saying to buy now, must check the status of bitcoin very often and make technical analysis instead so that you know when is the right time to invest.

[terrorJR]

for day traders, technical skills may be a very important capital so as not to avoid losses.
but talking about bitcoin, which most of its holders are long-term or long-term adoptions, actually this is not very significant because if it is on a path like this the most important thing is not daily analysis but patience in holding on and not being one of the people who panic when it declines.
this is the most important thing when you are on the btc line, especially with investment intentions which of course will definitely take a little longer.
because even if the analysis is carried out repeatedly, it will not have an impact in the long term, it will even lead to us becoming impatient and wanting to quickly sell the assets we have.
so it's better to know properly when in btc assets and perform analytical techniques only for trading and for short-term scalping this will only be more competitive and can at least increase profits.

[DarkDays]

What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

To hold BTC for the long-term you actually don't need any technical analysis. This is, as long as you're confident in the market based on your vast amount of reading (and not because your friend said so) then what you need to decide is which exchange you're going to buy from and where you're going to hold that bought BTC.

The choice for an exchange would mean that you understand different exchanges charge different fees, and what earning in for of APY rewards these exchanges give you for storing your crypto in their online wallet. You could also consider holding your BTC on a hardware wallet like ledger but just you won't be earning if you was to hold it on an exchange.

[Oilacris]

my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

Technical skills you say?

If you do aim on buying out large amount of bitcoin then transfer it to cold storage like Trezor or Ledger.
You should at least know on how to make use of these HW which i can say that its a noob friendly thing and watch out lots of TUT's in youtube and that would solve out
your problem.

Basic knowledge on the sense of purchasing coins through exchangers or p2p, varies with your interest.

[GeorgeJohn]

What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

We have different techniques we can as well follow it's step, as a bitcoin lover you can develop a personal techniques by engaging in trading of bitcoin, and as well adventure into buying and selling of bitcoin or long term holding of cryptocurrency investment, lastly i think another method is to make research of blockchain and also read up of bitcoin for better understanding.

[Oasisman]

What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

We have different techniques we can as well follow it's step, as a bitcoin lover you can develop a personal techniques by engaging in trading of bitcoin, and as well adventure into buying and selling of bitcoin or long term holding of cryptocurrency investment, lastly i think another method is to make research of blockchain and also read up of bitcoin for better understanding.

I guess he doesn't necessarily have to create any techniques or any technical skills to hold Bitcoin for long term. Unless he's starting to engage into daily and short trading.
The only hard things to do when you're holding Btc for long term is being patient and know when to sell and when to accumulate more.
And, I agree the OP should have deeper understanding how blockchain works, but I am more concerned about his asset security since he mentioned about investing a large amount of Bitcoin. So, I guess his asset security might be the first thing to learn.

[Ausgewielt]

I am not an expert but if I may give you a suggestion, first thing that you have to understand about bitcoin investment is the price movement. Just accept the reality that bitcoin is volatile. For now don't expect bitcoin price rise forever or fall forever. Look at the chart from the start until now. The chart show us the unique patern, the price is tend to rise but it's keep going up and down. So in my opinion you only need to know when is the correct time to buy and sell bitcoin. I think it is just a basic, for next step you should understand about traders behavior since most of bitcoin users are trader so you meed to know what traders expect. Then you can adjust your strategy.

[kotajikikox]

my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:

First thing is welcome to the forum mate , you are  here to stay long and are you willing to risk ? because that would be your best move if does.

What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?

there is no technicalities but at least the attitude mate.

Never become Greedy , never to become cheater and also learn to know not to expect too much .

[imstillthebest]

it would have been better if you start your first post in the member introduction section or in the beginners and help but thats fine since you already started .
anyway thanks for finding us informative and yes that is this forum all about ,
 we are happy of supplying useful information for those that are ineed but for your last question you will be needing a patience to make your long term plan more succesful . goodluck