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Author Topic: My first investment for Bitcoin  (Read 364 times)
Ryker1
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March 03, 2023, 01:28:44 PM
 #21

Thank you very much, you gave me a good advice. When I start earning. When I have money. I will buy bitcoins from my friends. I would hold bitcoins with a lot of security. I will invest in Bitcoin for the long term.
If you have enough budget to buy a hardware wallet that is much better for security --go to this thread for the list of a hardware wallets.
[ https://bitcointalk.org/index.php?topic=5282364.0 ]
For a while --I know you cannot purchase a hardware wallet then you can use the safest software wallet [Electrum] that is open-source --go to this board and learn more about Electrum. [ https://bitcointalk.org/index.php?board=98.0 ]
For the strong password, @GreatArkansas explained it very well for a beginner like you, [ https://bitcointalk.org/index.php?topic=5132378.0 ]

Such a good and wise decision, keep doing and you are on the right path.









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March 03, 2023, 01:36:24 PM
 #22

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
That's really nice of you to have chose to invest in Bitcoin despite not having much, because that shows how much you so much believe in this decentralized digital currency called Bitcoin, because if only you can be consistent in this your investment, I'm sure you will be happy you made this decision today. But as an experience member who has been on this forum, I will advise that as you tend to accumulate more BTC, please endeavour to transfer it to a more secure wallet such as "electrum wallet", as exchanges are never always the best place to keep huge funds.

R


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March 03, 2023, 01:44:40 PM
 #23

The interesting thing about your great story is, you did a good thing to invest some or the rest of the money your father gave you to invest in bitcoins. And it will teach you when you find work or income to invest bitcoin with discipline and well because you have studied it and also understand it as a whole and the important factors that you must know when you do it before you have your own income, and also can increase your investment after have your own income with your previous mastery especially patience and trust in bitcoin.

and most people will use the money their father gave them for needs or pleasures mindlessly like you, and if you are successful your story will set an example for others who still only have money from their father.

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March 03, 2023, 01:51:40 PM
 #24

I wish you more luck and profit in the coming months and years. I hope you will save more like the $14 you've spent right now in bitcoin. Continue to accumulate it, like if your father gave you money to buy something, and if there are still extras on it, then put them in bitcoin because, overtime, you won't notice that you've already accumulated a lot of it. Congrats on your first purchase, and please continue to learn about bitcoin to keep your bitcoin safe, as well as get in touch very well with bitcoin.
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March 03, 2023, 01:59:03 PM
 #25

Welcome to invest. Best of luck to you and hope you get the hope you invested in Bitcoin. But always have faith in the market. And since investing always keep one thing in mind that how you actually invest is whether you invest for long term or you invest for short term. If you invest for a short period of time, you will sell your coins if you get some profit.  And for a longer period of time you will hold your coins.

R


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March 03, 2023, 02:14:23 PM
 #26

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.

Congratulations, on your first investment in Bitcoin. I think you were very interested in investing in Bitcoin and finally invested in Bitcoin with your savings. Then you invested in Bitcoin it is very good for you. and I will tell you to continue investing in bitcoins because your little money will turn into more money in the future. so the decision you have taken to invest in Bitcoin is definitely a very good move you have taken and it bodes well for your future.

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March 03, 2023, 02:17:10 PM
 #27

It's good to see that everyday by day people are really going into bitcoin holding, I am very amazed and I believe you keep holding or accumulating gradually. The next thing I will suggest you is that get a well known wallet to store your funds because leaving it alone on exchange doesn't guarantee your asset is secure being that exchange are vulnerable for hack which I think as a beginner who is trying to get routed into bitcoin is not meant to start shading tears of being hacked at this early stage.
I know too well that there are lots of guidelines that have been posted here and i trust you devote time to read through this thread thoroughly.
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March 03, 2023, 02:25:00 PM
 #28

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
Investing in Bitcoin is always a good decision. We see stories about investing in Bitcoin all the time.  But I'm confused as to how true it all is. Anyway congratulations for investing in Bitcoin at the first time. Hope you are aware of the risks before investing in bitcoins and choose a suitable non-custodial wallet to store them well. According to your screenshot it appears that you have put the bitcoins in a centralized exchanger which is very risky.  So choose a non custodial wallet to avoid risk



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March 03, 2023, 02:28:46 PM
 #29

I am glad to see you have started investing in bitcoin. I advise you to transfer your bitcoin balance to another wallet and don't keep the bitcoins on an exchange because you can be tempted or panic if market conditions change for the worse.

And don't stop here to invest in bitcoins but make subsequent purchases and send those bitcoins to other wallets. Don't forget to specify how long you want to invest in bitcoin and when you sell bitcoin to take advantage. Hopefully, you can have more money so you can invest in bitcoin.

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March 03, 2023, 02:32:34 PM
 #30

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.

~snip

It is commendable to hear that you didn't spend the money given by your father on all sorts of trash, but decided to buy bitcoin. This is a small amount, but it adds up to a significant amount. Little by little, your wallet will become heavier. Admit it, you experienced joy and slight euphoria from the first purchase of btc in your life? Judging by the pictures, you used a mobile wallet. I would recommend that you better switch to desktop electrum when the balance gets a little bigger.

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CoinEraser
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March 03, 2023, 02:34:31 PM
 #31

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. -snip-
Congratulations on your first bitcoin investment. Always nice to see that more and more people are investing in bitcoin. But always make sure not to invest more than you are willing to lose or what you can lose without harming yourself. That's always important. While I and many others think investing in bitcoin will always be worthwhile, there are still risks to be aware of.

I would also take the advice here in the thread seriously and not leave bitcoins on an exchange. There is always a risk that you could lose these coins.  Wink
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March 03, 2023, 03:10:55 PM
 #32

It is commendable to hear that you didn't spend the money given by your father on all sorts of trash, but decided to buy bitcoin. This is a small amount, but it adds up to a significant amount. Little by little, your wallet will become heavier. Admit it, you experienced joy and slight euphoria from the first purchase of btc in your life? Judging by the pictures, you used a mobile wallet. I would recommend that you better switch to desktop electrum when the balance gets a little bigger.

I feel really happy today. To me bitcoin . And you say I am opening wallet by phone. Everyone pray for me in future know I can invest more in Bitcoin
Smack That Ace
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March 03, 2023, 03:39:14 PM
 #33

It is commendable to hear that you didn't spend the money given by your father on all sorts of trash, but decided to buy bitcoin. This is a small amount, but it adds up to a significant amount. Little by little, your wallet will become heavier. Admit it, you experienced joy and slight euphoria from the first purchase of btc in your life? Judging by the pictures, you used a mobile wallet. I would recommend that you better switch to desktop electrum when the balance gets a little bigger.

I feel really happy today. To me bitcoin . And you say I am opening wallet by phone. Everyone pray for me in future know I can invest more in Bitcoin

It's a centralized exchange and it's really not safe to store your bitcoins there. Some people have also suggested it to you, and I think you should learn about it quickly because it is very necessary for your bitcoin “not your keys, not your money.” But I think you will not do it now because, with your modest amount, it is tough to withdraw bitcoins to your non-custodial wallet but do it if you have more bitcoins later.

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March 03, 2023, 04:23:23 PM
 #34

If storing bitcoins on a particular exchange there is still a lot of security risk at stake and it is best to store them in a non-custodial wallet. Looking anonymous in investing in bitcoin is much better than trying to be open, because you never know the level of risk that will be involved.

I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money.
That means you already understand the right use of money for you to use, once again you have done the right thing to use money, because having an investment plan is much better than having a lot of money but not starting and on the other hand many people have benefited and profit from bitcoin.

I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.
It's not how big or small that matters, but the way you use small capital to invest will give you big results, if you understand the correct investment pattern. It takes careful planning when you seriously want to get involved in bitcoin investing, small amounts will become bigger when you start to understand how to make a profit.
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March 03, 2023, 04:43:29 PM
 #35

I like your way because you have matured how to think about future investments and can save your own pocket money.

I know this is a good start even though right now I don't have a lot of money to invest it doesn't matter because you already understand how to buy bitcoin and how to invest it, if possible later you have worked and can earn yourself then it can be arranged better to increase your investment if you believe in bitcoin, maybe you also understand the risks, but we must be aware of how bitcoin can be higher than its volatility.

Good luck any friends at it starting small, I think you can improve it one more time.

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KaliLinux
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March 03, 2023, 04:48:14 PM
 #36

Investment in Bitcoin is not a do or die thing. You shouldn't use all money at hand in investment but rather extra cash that has little or no use to you. No one said that you must invest in Bitcoin. You should consider yourself first so you won't go broke

.
https://imgur.com/a/l7BOzEN
https://imgur.com/a/iEpBAcU
I haven't started my career yet. I got idea about bitcoin and got interested in bitcoin investment. But where to get money? I don't have that much wealth. Father gives me money for hand expenses. I didn't spend that money. I saved about $14.55 with that money and invested in my first Bitcoin today. When I have more money I will invest more and more bitcoins.

On the other hand, it's a good start but it won't be nice if you loss your investment to a scam after all the savings so be careful. You should have spent the money on what your father gave it to you for. all that is actually not necessary.
His saving the money for Bitcoin investment isn't a bad thing either and maybe he has weighed the option between spending it and investing in Bitcoin. I believe everyone that comes to hear and understand Bitcoin a bit will certainly want to invest if only for its speculative nature even though all investors might not understand its technology so on that note, OP has taken the right step, and hope he is able to continue on this move which will be well worth it in the long run.
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March 03, 2023, 04:59:09 PM
 #37

I am glad to see you have started investing in bitcoin. I advise you to transfer your bitcoin balance to another wallet and don't keep the bitcoins on an exchange because you can be tempted or panic if market conditions change for the worse.

And don't stop here to invest in bitcoins but make subsequent purchases and send those bitcoins to other wallets. Don't forget to specify how long you want to invest in bitcoin and when you sell bitcoin to take advantage. Hopefully, you can have more money so you can invest in bitcoin.
Having own hardware wallet too will be fine maybe in the future he can get one once he accumulate more bitcoin, it’s good to start in any amount possible since by that time OP will have more courage to learn more and to do more in things related with bitcoin. There is always a need to try and do it before we will know if it’s meant for us or how will it works and it’s a nice move that he invest it than spend in other things. It can be a stepping stone for him to learn to trade or a start for him to hold more bitcoin in the future.

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March 03, 2023, 05:01:33 PM
 #38

I feel really happy today. To me bitcoin . And you say I am opening wallet by phone. Everyone pray for me in future know I can invest more in Bitcoin
Some mobile wallets will also support your investment plans in bitcoin. Electrum is the one recommended for android wallets, but if you are unsure about another wallet then go for it as long as you understand the risks. Consider using the most recommended wallet for your bitcoin storage, then don't forget to back up your wallet.

I know you're not starting with a big budget, but bitcoin is a great place to start. Accumulate as much as you can and invest regularly when you have budget, don't force it but do it consciously without high expectations.

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pawanjain
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March 03, 2023, 06:02:36 PM
 #39

I know that feeling because I have been through the same. Knowing what bitcoin is all about itself makes us wanna invest as much as possible in bitcoin.
But for many of us, our financial background is not so strong and so we have to find out ways to earn more money and save money to buy more BTC.
What OP can do is he can utilise his skills so that he can provide some services and earn BTC.
If not he can do some part time job to earn an extra income and then invest the same in bitcoin.

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March 03, 2023, 08:18:01 PM
 #40

You are welcome to bitcoin club I wish u more success investing in crypto currency is a welcome development an bold step u have taken in life keep hold on to ur coins an invest more don't be eager  invest the little money u have invest that and don't borrow to invest manage the little you have you will make more profit as time goes on OK.

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