Which of your friends and relatives deals with bitcoin?

[juhobtc]

I learned about bitcoin from my friend, he trades, I knew about it for a long time, but it did not attract my attention. Somehow we talked with him on this topic and he told me what bitcoin is, I was very interested in it, he also told me that there are many different altcoins. Before that, I had only heard about bitcoin and possibly ether, but I had no idea that there were so many different altcoins.

He explained to me how to register on the exchange, how to buy and sell, everything was clear and I started trading a little, at first my friend helped me, then I started doing it myself. I always kept all my coins on the exchange.

Once my uncle came to visit us, and I accidentally saw that he was looking at the charts on his smartphone, I asked him and it turned out that he was also involved in cryptocurrencies. We talked a bit about cryptocurrencies that evening, I was excited that my uncle also buys bitcoin, because before that I had doubts whether it was good to buy cryptocurrencies, because I know that my father does not take it seriously.

It was from my uncle that I learned not to store coins on the exchange, and later my uncle gave me a ledger, it was the coolest present for my birthday. It was thanks to him that I learned that you need hold coins correctly, safety is above all, and that Bitcoin should be the main investment.

A little later when I was looking for more information about bitcoin and accidentally found this forum, by the way my uncle and my friend heard about this forum but they are not registered here. And I liked how everything is arranged here, there is a lot of information here and there is a large cryptocurrency community here. There are also ranks, you can grow, it's like a game where you need to reach levels.

Now I store my bitcoins only on a hardware wallet and after reading a lot of topics, I realized that this is one of the most reliable ways. So far, my investment is not as big as I would like it to be, but I am still young, I have a lot of time and I am inspired, because I see great opportunities in this, I can buy bitcoin in small parts, and this will be my investment in the future.

I recently read a thread where investing in bitcoin is compared to a young tree that takes a few years to start fruiting, this is a very good comparison, I will project it on my investments and hope that everything works out.

I hope this will be useful for those who still store bitcoins on the exchange, you should think about security and hold your coins on hardware wallets.

[1714004659]

1714004659

[Ever-young]

I'm the least among my friend who knows little about crypto.. most of them are huge holders, some of them are day traders and lots more.. I only started after I had few things from them about crypto I ran into freebitcoin and start earning few their which was not really worth anything. Then comes this forum where I run some few tasks and earn some few tokens which I convert to USDT which I later turns to BTC which I usually don't hold for long though.

I hope this will be useful for those who still store bitcoins on the exchange, you should think about security and hold your coins on hardware wallets.

#Not your key not your coin" is one thing that's strongly preach across this forum warning users the danger against not having control over your assets. 

[nimogsm]

I learned everything myself because there was no one in the environment who could tell me something.But then I became the one who helped my friends and relatives sort out some issues related to crypto,and I’m even glad when they turn to me for help,because I remember how difficult it was for me.So if someone asks you for help or advice,always help and maybe the person who received the knowledge will pass it on.

[Aanuoluwatofunmi]

Now I store my bitcoins only on a hardware wallet and after reading a lot of topics, I realized that this is one of the most reliable ways.

Definitely it is one of them but there's another perfect means to do this better by running a full node, you can also get an open source cold storage like electrum on airgapped device, with no internet at and maintain your privacy steadily, but you will need to learn the technical aspects of running a full node transaction and also get to be well conscious in safeguarding your private keys to access your wallet in case of using cold storage like electrum.

[Scripture]

I hope this will be useful for those who still store bitcoins on the exchange, you should think about security and hold your coins on hardware wallets.

#Not your key not your coin" is one thing that's strongly preach across this forum warning users the danger against not having control over your assets. 

This is the basic rule in cryptomarket, you have to own your wallet where you can store Bitcoin and other crypto safely.
I have a lot of friends in crypto industry, we just met online and had a great chat sharing thoughts about cryptocurrency. Though few members of my family are into crypto as well, they started to believe during the peak of Axie unfortunately they easily get discourage by the bear market and that's why they are inactive right now. Its good to have friends in crypto, at least they can update you when you are busy and have a good signal as well.

[CoinEraser]

-snip-

First I would like to say that you are on the right track and it seems that you have already learned a few important things, such as not leaving the coins on an exchange. Either way you should try to learn more through the forum. There are many scams and you should learn a lot about them so that you don't lose your coins through something like that.

But now to your question...
From my family there are three other people who have also invested in bitcoin and who have not looked back. Also some of my friends. I taught all these people what bitcoin is and how important it is. None of them have ever regretted buying bitcoins. The only thing you regret is not investing more money in it when bitcoin was really cheap. 

[Zorigi]

everyone has a different story about investing in bitcoin,
Some are online and some are offline.

and apparently you are quite experienced in the crypto world, I hope your post will be motivation for people who are still beginners.

I also think keeping our crypto assets in a hardware wallet is a good thing.

[sheenshane]

Now I store my bitcoins only on a hardware wallet and after reading a lot of topics, I realized that this is one of the most reliable ways. So far, my investment is not as big as I would like it to be, but I am still young, I have a lot of time and I am inspired, because I see great opportunities in this, I can buy bitcoin in small parts, and this will be my investment in the future.

It doesn't mean you using a hardware wallet which means you're safe, there are still possibilities that you might get hacked, so be careful about storing your seed.  Just keep exploring here and you'll learn more technical stuff about Bitcoin that you should know, spend more time reading than posting.

I suggest you do Dollar-cost averaging (DCA) in purchasing Bitcoin, this is a very safe way of investing in Bitcoin.
Because that's a very good plan to invest in Bitcoin even with how small a fraction it is, the time will come it will become a whole number without knowing you.

Anyway, welcome to the forum.

[Ebede]

So many of us today who started Bitcoin from 2000 20 2122 I got the information from friends and they don't really have the passion like the way some people really had a passion in Bitcoin and through their social media interaction in different platforms like Instagram Facebook Twitter and the other social media communication platform so many people god information there not by a friend so it depends the way you know Bitcoin

[GreatArkansas]

I learned about bitcoin from my friend, he trades, I knew about it for a long time, but it did not attract my attention. Somehow we talked with him on this topic and he told me what bitcoin is, I was very interested in it, he also told me that there are many different altcoins. Before that, I had only heard about bitcoin and possibly ether, but I had no idea that there were so many different altcoins.
(....)

When talking about friends, it seems we are different, or opposite. Because from me, I was the on who introduced Bitcoin or cryptocurrencies to them. And I can feel that they are very thankful because they started to use cryptocurrencies and they have already an idea about it. Some of them started to make some huge money on investing/trading/etc.
I'm just thankful because they are thankful and grateful to me after all.

[noorman0]

-snip-
Now I store my bitcoins only on a hardware wallet and after reading a lot of topics, I realized that this is one of the most reliable ways.

All security methods have their pluses and minuses, as long as you know what you are doing. HW is not always recommended in some cases, especially in harsh environmental situations, or if you are bad at storing small goods.
For example, your uncle recommends HW because he lives in his own house, but it's not very suitable if you live with friends and in a boarding house because it's impossible to have a secret private space.

[Fundamentals Of]

I also have friends and relatives who deal with Bitcoin. Although we don't discuss it all the time, it is good to have somebody to talk to about Bitcoin, something that many don't understand or even heard of. Best practices and safety tips could sometimes be learned from them.

It's good that you are already using a hardware wallet this early. Many use it as an excuse that they only have a small investment that's why they don't have to buy a hardware wallet and keeping their Bitcoin in an exchange is enough. You're uncle is a great help.

[Die_empty]

When talking about friends, it seems we are different, or opposite. Because from me, I was the on who introduced Bitcoin or cryptocurrencies to them. And I can feel that they are very thankful because they started to use cryptocurrencies and they have already an idea about it. Some of them started to make some huge money on investing/trading/etc.
I'm just thankful because they are thankful to me after all.

I have introduced bitcoin to some of my friends but only picked interest in the currency. I think the get-rich-quick syndrome in our society is responsible for their low interest. Most people are attracted to investments that will them 100% interest in a few days. Poverty might be another reason why some of them are not picking interest. The harsh economic conditions have made people focus on surviving more than investing.
But I am thankful that one of my friends is a bitcoin hodler and both of us keep information on bitcoin. The current increase in the price of bitcoin has made him happy and he now believes that the price can still get back to its former all time high price in the future.

[BALIK]

I learned everything myself because there was no one in the environment who could tell me something.But then I became the one who helped my friends and relatives sort out some issues related to crypto,and I’m even glad when they turn to me for help,because I remember how difficult it was for me.So if someone asks you for help or advice,always help and maybe the person who received the knowledge will pass it on.

I was introduced to bitcoin by a friend, but what I gained from knowledge to experience is that I taught myself and used money to buy lessons from my failures. But I'm not like you, I don't want to teach others about bitcoin investing, even if they come to me independently. Because I believe they are not like me, willing to accept losses to learn lessons and experiences in the market, what they want is to make money like me, but they are not willing to take losses as I did. In investing, no one can win the first time, to succeed, you need to fail first. So I can only suggest they do their own research from youtube and social networks, I don't want to be blamed.

[Despairo]

I know some of my friends are deals with Bitcoin since few times they're talking about Bitcoin price, but I choose to shut my mouth and act like I was never know about Bitcoin or doesn't interested anything with Bitcoin.

It was from my uncle that I learned not to store coins on the exchange, and later my uncle gave me a ledger, it was the coolest present for my birthday. It was thanks to him that I learned that you need hold coins correctly, safety is above all, and that Bitcoin should be the main investment.

I understand holding a coin in centralized exchange is bad and you need to use hardware wallet for better security. But according to your story there's no mentioned or explanation why hardware wallet is better than a centralized exchange.

Don't forget when you want to access your hardware wallet, if you use unsecured device your coins have a chance to be compromised.

[Sebas.tian]

I learned Bitcoin from my elder brother some years ago, and he thought me so many things about Bitcoin investment and what it takes to remain successful in profits making which is keeping me till today in the community. I also learned how to be patience to buy coins in the right time and hold for a better future to come which am enjoying today and I will definitely impact it to my siblings so that they will not see Bitcoin as a scam currency in the future. I believe, the number of bitcoiners will increase higher soon because our government will soon adopt Bitcoin to help the youths to grow well in the area of wealth in the country.

[Nrcewker]

Yes, use the exchange to only exchange the coins. Exchanges aren’t meant to hold your coins; they aren't wallets. So if you store your coins there, then definitely you are inviting lots of trouble to yourselves. The exchanges don’t give complete access to your coins. Whenever they want, they can block your coins without any prior information. So yes, only use the exchanges when you are making an instant trade or withdrawal. Moreover, now a days it doesn’t care how reputable an exchange is; I hope you guys didn’t forget about the FTX incident. Instead, hold your coins in cold storage or an offline wallet.

[xSkylarx]

Securing your money first before planning to invest more That is really the best way to start having a bitcoin because, as you know, there are a lot of issues right now with getting hacked, so best way to store it safely. When talking about physical friends, I'm not really into bitcoin, but for online friends, I have a lot of them who deal in bitcoin, and the truth is that they are the ones who taught me this. We live in a province, so I am not shocked that people are not into crypto.

[wxa7115]

I learned everything myself because there was no one in the environment who could tell me something.But then I became the one who helped my friends and relatives sort out some issues related to crypto,and I’m even glad when they turn to me for help,because I remember how difficult it was for me.So if someone asks you for help or advice,always help and maybe the person who received the knowledge will pass it on.

I am just like you, I had to learn everything on my own as there was no one close to me that was interested on bitcoin at the time and I had to make a lot of mistakes to learn everything that I know now.

The difference is that I then tried to help others to adopt bitcoin and no one was interested, so I gave up long time ago, sometimes I get a question about bitcoin, but as you may guess they are only interested in the price and not on what makes bitcoin great, so I prefer to not reveal too much as I have the feeling that if they invest in bitcoin and they lose their money they will blame for their loss.

[yudi09]

-snip-

It will always be a bad habit to keep assets in an exchange even though it may seem practical to be able to do whatever you want immediately.

Choosing to store Bitcoin on hardware is definitely the right choice because hardware wallets are specialized for storing Bitcoin assets.
Your uncle is aware and understands how to secure Bitcoin assets.
Secure the seed phrase and private key and the asset will be safe. Another sentence is not your key not your coin.