Basic Bitcoin skills

[worldofcoins]

The title should be how to make bitcoin without buying it.

Anyways, I don't think you need Basic bitcoin skills there are people who started using bitcoin and they built their experience bar through that, There are various articles as to what Double-Spend, etc is, Articles about not product till your Bitcoin Payment has received at least 1 confirmations, There are 3 in some cases but 1 is Primary.

Also, You'll learn about bitcoin the first time you use the wallet and send to an address.

[1714629407]

1714629407

[1714629407]

1714629407

[1714629407]

1714629407

[sherenikaw]

actually I'm not so sure about the main skills that must be possessed in investing in bitcoin, it's just that if you want to invest in bitcoin, you have to be patient. we also have to understand and accept that the bitcoin market is up and down and it makes some people feel confused by this. before investing in bitcoin we must be really ready to learn all about bitcoin, whether it's technique or risk to be able to avoid the losses. so the first thing needed is a willingness and determination to learn and learn more.

[Viscore]

actually I'm not so sure about the main skills that must be possessed in investing in bitcoin, it's just that if you want to invest in bitcoin, you have to be patient. we also have to understand and accept that the bitcoin market is up and down and it makes some people feel confused by this. before investing in bitcoin we must be really ready to learn all about bitcoin, whether it's technique or risk to be able to avoid the losses. so the first thing needed is a willingness and determination to learn and learn more.

This is the most basic thing to get to know the market and understand how the coins in the market move. DYOR is very much needed when you plan to invest and hold bitcoin. There's no technical knowledge that you should learn but more on fundamental skills. Finding a reliable hardware wallet is very much needed so you can secure all your bitcoins that you want to hold. And always be prepared with the high volatility of bitcoin because the price will suddenly move downward and then it goes up gain. But there's no really big issue when it comes to holding bitcoin because even if there is a sudden dump, it will always recover any time. And the last thing is be patient all the time. Holding indeed is less risky compared to trading but for you to be able to succeed in holding, learn to be always patient so that you won't make a wrong decision that will make you lose everything in your wallet. 

[Sanugarid]

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?

I don't think there's a necessary skill you need to have a good start in BTC especially if you were planning to hold it for long-term purposes. You should always remember to invest in something you fully understand, be patient and always stick to your plan. Do not let your emotion take over your decision so that you wont have any regret with whatever decision you'll make

[Chathusand]

Bitcoin is a fundamental currency. The only need is that you are comfortable with technological gadgets  And I'm quite sure you're already familiar with the internet, which is how you came upon this forum. As a result, it does not need any particular abilities. Basic wallet app functionality is all there is to it. Keep your mnemonic phrase/private key to yourself and don't share or display it to anybody.

[riso2015]

Maybe this input is not in the concept of technical science but just some of the basic principles that you should know. That you should be fully aware of investing in bitcoin is investing with high risk. You must understand the risk of profit and loss . then you must have the capital that my advice is not from debt capital or anything else. Because this will disturb your peace in investing later. Make sure before investing your basic needs have been met. And what is certain is to continue to practice and seek knowledge while positive, don't forget to be patient and don't panic it's important.

[Marvell1]

As you said, you are in need of some basic skills to hold a large amount of bitcoin long-term. There's really a lot we need to learn in this market. The most basic thing I want to tell you is to learn more about the benefits and risks that bitcoin can bring to you. You must master the psychology of entering the market, emotions determine 90% of the crypto market. And to be safe when holding bitcoins, you should find yourself a hardware wallet to store bitcoins.

[ziyaaa]

You don't need too much technical skills to hold your Bitcoin actually. There are just some things that you must be aware of before making any kind of investment into Bitcoin. For example, you should never act with greed. This can lead you to be in a huge loss in time. I always recommend newbies to set price goals for themselves to sell some amount of their coins when the goal is reached. This will prevent you fully from being a greedy person. Because this is a highly volatile market and you should always be aware of that.

[Kittygalore]

As you said, you are in need of some basic skills to hold a large amount of bitcoin long-term. There's really a lot we need to learn in this market. The most basic thing I want to tell you is to learn more about the benefits and risks that bitcoin can bring to you. You must master the psychology of entering the market, emotions determine 90% of the crypto market. And to be safe when holding bitcoins, you should find yourself a hardware wallet to store bitcoins.

No a lot of skills, just a basic understanding of crypto, willingness to learn new things, and tons of patience is enough for qualifying to hodl bitcoin in long-term, I mean I am a hodler and I don't really have that big technical skill in crypto but I have been hodling for almost a year now so there's really no qualifications besides the attitude of that person.

[syedakhlaque]

Bitcoin business based on trading, stalking, mining, etc. These all need patience & calm. There are many ups and downs and hardworking like other businesses. Sometimes, it is hard to decide with a cool mind in a critical condition. so dare care and courage are also needed. This business has a good attraction for all and also has a good income. So all new persons are welcomed by seniors.

[Sonofgeneral]

Bitcoin is a fundamental currency. The only need is that you are comfortable with technological gadgets  And I'm quite sure you're already familiar with the internet, which is how you came upon this forum. As a result, it does not need any particular abilities. The basic wallet app functionality is all there is to it. Keep your mnemonic phrase/private key to yourself and don't share or display it to anybody.

The internet happens to be the bedrock of all Bitcoin activities and as fast as I can understand once you have an internet and a mobile device one can actively carry out a Bitcoin transaction.

[glendall]

I think the technical skills that must be possessed are, your accuracy in reading the chart and trading volume of the bitcoin price itself,
and you need to store your assets safely so that people don't take them by force, try buying a hard bitcoin wallet like
https://trezor.io/

[Henrobakkara]

The title should be how to make bitcoin without buying it.

Anyways, I don't think you need Basic bitcoin skills there are people who started using bitcoin and they built their experience bar through that, There are various articles as to what Double-Spend, etc is, Articles about not product till your Bitcoin Payment has received at least 1 confirmations, There are 3 in some cases but 1 is Primary.

Also, You'll learn about bitcoin the first time you use the wallet and send to an address.

The OP was asking if there are basic skills he needs to have before buying some huge sum of Bitcoin so I honestly don't understand the correlation to the question you post here.
Anyways I don't also think there is any much special skill needed then than you have to have an understanding of the market and to basically make sure your Bitcoins are stored in different wallet addresses preferably a Hard wallet and most importantly, your Private key/passwords stored safely and online too.

[KingsDen]

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?

I think we should learn how to secure your wallet against theft and hack. Since you are holding for a long time, be aware of the types of storage: Cold and Hot, Wallets: custodian and non custodian. Encryption, backup up skills.
Skills of sending and receiving bitcoins.
Knowing when to sell and rebuy, you cannot continue hodling even when it's so dangerous.

[maju69]

In fact, everything we do requires knowledge and skills. How is it possible for a person to accomplish (do) something without him knowing what he is really doing, right? But what distinguishes investment is technical and non-technical skills. Why do I say that, technically speaking, we can learn and hone our skills to be able to read charts. But we also cannot deny that in bitcoin there is also something from outside that affects the price, which I will call non-technical hereinafter.

[tulusikhlas]

actually I'm not so sure about the main skills that must be possessed in investing in bitcoin, it's just that if you want to invest in bitcoin, you have to be patient. we also have to understand and accept that the bitcoin market is up and down and it makes some people feel confused by this. before investing in bitcoin we must be really ready to learn all about bitcoin, whether it's technique or risk to be able to avoid the losses. so the first thing needed is a willingness and determination to learn and learn more.

Maybe some people view this differently. But if you only invest in bitcoin with patience, I don't think that's right either. Because there are other factors that must really be studied. The main thing before starting we must really know what bitcoin is, knowing the worst risks. Because when it comes to profits, everyone must also invest for that purpose.

[Gamerholic]

A strange question for a person who found 50% of the answers on the forum! I think you should just ask the youtube platform correctly about the work of any exchange. Registering there is quick and easy. Next, apparently convert what you want to invest in bitcoin - to your wallet and do it by making one transaction on the exchange. Given the fact that bitcoin has fallen in price quite well, it's time to think about it. I bought a little more and am completely calm.

[Zara Zio]

I have much interested in bitcoins trading and more curious to know about these coins i have searched more and more on google but when i found bitcoin talk index from google iam really lucky that i have found a best platform to learn about bitcoin skills and trading and more to acquire knowledge so i learned a lot this helps to know the information has not in google tooo so itz the best platform to learn bitcoin skills . i have decided to buy coins and with more information i will learn more about it.

[Sebas.tian]

In fact, everything we do requires knowledge and skills. How is it possible for a person to accomplish (do) something without him knowing what he is really doing, right? But what distinguishes investment is technical and non-technical skills. Why do I say that, technically speaking, we can learn and hone our skills to be able to read charts. But we also cannot deny that in bitcoin there is also something from outside that affects the price, which I will call non-technical hereinafter.

Knowledge is powerful in anything you are doing in life. Having a good knowledge in bitcoin, you can be able to identify amount of money you can invest on bitcoin now that will bring you a good income in the future. Those that acquired bitcoin skills some years ago are really doing well with their skills they acquired from the community that made them professional in bitcoin investment. Those that learnt from their facilitators on how to obey all the rules and regulations that guided bitcoin investment and how to use it to improve in the community. 

[Sonofgeneral]

Thank you all for the replies I got on this thread and all the advice, am very well informed now and I have gotten my wallet as the first starting point for my Bitcoin journey.