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Author Topic: How I accumulate bitcoin as a newbie?  (Read 455 times)
Coyster
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May 31, 2023, 09:58:30 PM
 #61

if you don't have the capability for the hardware wallet you can use the hot wallets temporarily...
If you don't use a hardware wallet, it isn't a must that your next option should be a hot wallet, of course you can still use a software wallet in an airgapped device, this will be your own cold/offline storage and is very safe if you do everything perfectly.
While selecting a wallet,  you should try using the decentralized wallets and exchanges as it is always safer to use them over the centralized ones.
I'm pretty sure you meant non-custodial wallets and decentralized exchanges; that's the appropriate terms.



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Obari
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June 01, 2023, 07:04:19 AM
 #62


While selecting a wallet,  you should try using the decentralized wallets and exchanges as it is always safer to use them over the centralized ones.
I'm pretty sure you meant non-custodial wallets and decentralized exchanges; that's the appropriate terms.
Yeah exactly  what I meant and thanks for pointing  that out to me and I've already made the necessary  corrections.

R


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Sandra_hakeem
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June 01, 2023, 07:55:57 PM
 #63

It's pretty simple...
Nobody has ever been restricted from buying and HODLing Bitcoin,.. AFAIK, it's free for everyone to HODL only if you're made acquainted with the processes ...etc
Except you were actually referring to ways you could make them coins without buying them, then that would actually need much dedication and information too..  there are very many ways/menial jobs you could do that'll help accumulate them coins - you could run AI programs, affiliate marketing, trading, promotion, script writing etc ... Just be sure to keep on your tracks cus consistency would produce results more than anything else I know of.

Sandra 🧑‍🦰



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bitbollo
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June 03, 2023, 08:52:47 AM
 #64

I will love to follow step by steps advise that you personally used to gain value of digital assets in short or long term investment/trading?
it's like earning any other coin. you get paid if you work, perform services, sell objects and so on. You can simply exchange your fiat currency into this currency.

Where do I begins? 

The forum is a mine of information. Do the right research, ask the right questions, lots of information is always freely available. Try to understand what bitcoin is, how it works, what potential advantages it has etc etc…


What's the best wallet you're using?
There are many wallets as already suggested in previous posts. If you want to learn more about the topic and understand how to generate an ultra-secure wallet (but with complex procedures) take a look at "glacier protocol".

Where do I buy bitcoin with easy exchange without scams?
this depends on the country/continent where you live. If you carry out p2p transactions, use only reliable sellers and above all always and only go to well-known sites.

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again? 

Nobody knows if the price goes up or down in a "short" time (more or less in the long run we all hope/think that they will be worth more Roll Eyes ).
The solution is to make constant purchases every month regardless of their price. Obviously a figure such that you do not create problems to spend.

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Inwestour
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June 03, 2023, 11:16:33 AM
 #65

It's pretty simple...
Nobody has ever been restricted from buying and HODLing Bitcoin,.. AFAIK, it's free for everyone to HODL only if you're made acquainted with the processes ...etc
Except you were actually referring to ways you could make them coins without buying them, then that would actually need much dedication and information too..  there are very many ways/menial jobs you could do that'll help accumulate them coins - you could run AI programs, affiliate marketing, trading, promotion, script writing etc ... Just be sure to keep on your tracks cus consistency would produce results more than anything else I know of.

Sandra 🧑‍🦰
It can take a lot of time, in case of a beginner it will take a lot of time to learn, as it is not as easy as it seems at first glance. Perhaps this time can be spent on additional work, and the money earned can be invested in bitcoin, it seems much easier. Ultimately, everyone must determine for himself which way will be more comfortable for him. There is no single correct algorithm for achieving a successful result, everyone can be good in their own way, the most important thing is that it be comfortable and understandable.

R


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