How I accumulate bitcoin as a newbie?

[MTNNET]

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. 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?

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

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[Little Mouse]

What's the best wallet you're using?

Hardware wallet must be your first go unless you have a problem with spending little money. Otherwise, you can use Bitcoin Core or Electrum. Electrum is a cool wallet for newbies. I'm using Hardware wallet for long time saving purpose while Electrum for daily transactions.

 

Where do I buy bitcoin with easy exchange without scams?

Are you willing to use a CEX or DEX? For decentralized exchanges, try bisq.network (No need to trust anyone). While on the other hand, for centralized exchanges, try Binance or Kucoin.

or I should wait a little in case it goes down again? 

What if it doesn't go down? Won't you regret it? It's better if you start DCA so you won't leave any opportunity to buy the dip.

[Zaguru12]

Theirs is nothing much to add than what Little Mouse has said. The only thing is the biggest challenge for newbie trying to use a self custodian wallet is the ability to save the seed phrase but I believe there absolutely nothing that doesn’t comes with risk but that of non custodian wallet are bigger. Have multiple back up of your seed phrase and do not save your keys and phrases on google doc or emails as they could easily get exposed should any one this storage place get compromised.
Another self custodian wallets that is great on mobile devices is the blue wallet. It is has many features than mobile electrum.

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

There is no guarantee of when the market will fall or rise, they’re just speculations. So the best thing is just to buy when you have funds available. You can use the dollar cost averaging method by buying bit by bit either daily, weekly or monthly, depending on your funds.

[Etranger]

Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?

I believe, you already know the answer, because you wrote about it. Be active on the forum, ask questions, share your thoughts on the information you find useful and interesting and engage into discussions with those who are more experienced and from whom you can learn.

really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets.

I will love to follow step by steps advice that you personally used to gain value of digital assets in short or long term investment/trading?

I have a lot of doubts that somebody here will provide you with specific "step by step" advice. First of all, the best option you have here on the forum is diversity of opinions, from which you can conclude and form your point of view. You have to understand that every recommendation, given to you, is only a recommendation. Following it or not is completely up to you and each decision you make is your responsibility. That is why you shouldn't wait for some guru who will teach you how to accumulate bitcoin. But you will have the opportunity to come up with a plan for how to do it yourself, based on the information and discussions that the forum provides.

[Faisal2202]

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

Your question takes me straight to this topic --> Things to keep in mind before the accumulation of Bitcoin Because it will cover 90% of your queries, the only thing that it doesn't cover is "exchanges to buy Bitcoin". i will try to cover it for you, if you intend to buy it from the Centralized exchange then i recommend you to choose from the top 5 or any top exchange that is currently working in your country. If you don't know that either i recommend you to ask it from your local community on this platform. Or you could mention your country name here so that i could recommend you some.

And the Decentralized exchanges are also numerous like Bisq, Uniswap, Pancakeswap, etc. And for your last query, there are 2 scenarios from you.

1. if you wants to accumulated BTC then it's mean it is for long term. and for long term this is the good time, because market is making some moves here, due to ordinals problem and due to some halts by CEXs and due to many other factors that needs no definition. As, in the long run we all know BTC will break its ATH and set a new one above $100k.

2. If you wants to hold BTC for shorter period of time like for 6 months or maybe more, then i suggest you to wait some time, because you might get better opportunities to enter market in coming months. But that's just my observation, so you should DYOR too.

Keeping the time difference aside, you must have to do DCA, as it is necessary in Accumulation phase. because if you think now is the good time and buy BTC from all of your fiat and in future BTC goes down and now you have no money to buy more BTC, in that case you will stuck and can't benefit from the bearish trend. So in accumulation you just have to fill you bags until you can by doing DCA and ones you think its time to forget about them. Then you should again start accumulating them.

[Ojima-ojo]

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. 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?

First m, my best advice to anyone is to stick to bitcoin alone since sticking with Bitcoin less the risk of losing tour money since Bitcoin price cant drop significantly, unlike altcoins that cuould go from x100 to x0.

When i started my bitcoin journey sime year ago, this forum really helped my motivation to become so passive in my Bitcoin accumulation within the first six months when i started the journey,  and up till now i am still passive wirh Bitcoin and zero place for shitcoins.

Bitcoin provides tou with the opportunity for long term goals unlike altcoins that are for short term speculation,  so tour chioce is cool and let see how you work on improving your knowledge.

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

First on the question about the best wallet, i ddon'tthink there is any best online wallet but the few you can use for instance electron and blue wallet are ok.

But if your wallet is to have total security, you then need a hardware wallet and of cold storage device.

Where do I Bitcoincoin with easy exchange without scams?

You can use Binance or any of the popular exchanges to buy bitcoin, then transfer the bitcoin from the exchange wallet into your personal wallet, note Binance is not the best exchange to use right now, as the fees for Bitcoin is extremely high at Binance 0.001 or so which is a huge amount to pay in fees to send bitcoin.

[SmartGold01]

From my little knowledge here is good you took the bold decision of buying bitcoin but my own side of questions is that have you read alot about bitcoin?
Why do you wanna buy bitcoin because you have to understand the volatility level of it otherwise when the hit comes you may not bear the lost, so if you ask me deeply I will say you should have a rethink if what you wants to do currently is from your heart or is just a hype from your friends since hearing about bitcoin is common and pleasing.
If you understand it very well then you may come back to start your investment journey then it will be more better. Also please make sure to only risk the amount you may afford to lose because there's no assurance or guaranteed that you must Make back 100 folds to what you have invested so far.

To start with, you must have a wallet this could be Electrum wallet, then you may decide to use p2p the service that are from a trusted and reliable users here or you can go ahead buying from Binance exchange. I think is a very popular exchange for beginners and is user friendly as well, please make sure to pass the verification process before you proceed.

[BIT-BENDER]

Bitcoin isn't picked here in the forum, so don't just speculate that everyone in the forum has accumulated Bitcoin, firstly you need to know what your reason for accumulating Bitcoin is,
You might want to be a short term investor or a long term investor or you may be a Bitcoin enthusiast and supports the future belongs to Bitcoin.

If you have such thought then they way you accumulated Bitcoin is dependant on how you want to make it work, you need to have a service or means to make it, it is as simple as that, find out the Skill you good in and work with jt.

[ololajulo]

I hold a personal belief that involves a trading strategy employed by old traders. The approach entails initially holding fiat currency, followed by stable coins, then bitcoin, and finally altcoins, before repeating the cycle. The primary goal is to leverage bear markets to acquire bitcoin, and subsequently, other altcoins. However, it's crucial to note that fiat currency remains the dominant currency, and it's advisable to keep it in your bank account for safety purposes

[SatoPrincess]

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. 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?

Don’t assume people have large hodlings of bitcoins just because of their rank and date of registration, you would be surprised how many members who are registered since 2014 that didn’t buy bitcoin then or lost their bitcoins to scams.

Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?

I recommend using a non-custodial wallet to store your bitcoins, use Electrum for android and blue wallet for apple devices. You can learn all you need to know about about bitcoin wallets here. Buying bitcoin is easy, depending on your privacy preference you can buy from centralized exchanges like Binance or decentralized exchanges like Bisq.

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

The right time to buy bitcoin imo is always now. Bitcoin price will never be stable, waiting to buy at the bottom is a good strategy if you are confident you know what the bottom is.

[uchegod-21]

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

Will there everly be when the price of bitcoin will be stable?

In as much as members of this forum are good in helping one another, they will provide you with answers and solutions relating to the type of wallet to use and also where to buy bitcoin without being scammed. But they will not advise you on exactly when to buy bitcoin. It is advisable to buy low and sign high, so on your own you will have to figure out when is low to buy and which price is high for you to sell.

[robelneo]

The investment of bitcoin is really cool opportunity and really wants to grabs the time here with you to learn and become like most of you who have accumulates tremendous bitcoin breathing different prices in your wallets. 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?

I'm sure you are fully aware of market volatility I assume you are following the past and recent trends on Bitcoin the bad and good sides and you have read expert advice to only invest what you can afford to lose, my advice is to allocate money for investment, do not take a loan to invest or put in money allocated for your emergency use, you can lose money doing this and I suffer serious losses when I take a loan and invest because the loan has a maturity and interest and your investment with Bitcoin cannot keep up with that so you are left to cut your losses by selling it at a loss.

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

You can begin anytime when you are ready to invest mindset and education is very important, the best place to buy Bitcoin is on trusted exchanges only, you should have one or two on your list when you start investing, it's part of it.
Buying at the right time is what investors are always looking for but sometimes that right time escapes us because we are waiting too long for the price to dip further, and it's hard to predict the floor price, just have the thought that you bought it when the price is going down.

[Awaklara]

before you buy your Bitcoin, I suggest you know what Bitcoin is and how the Bitcoin market works as well as the risks that you will accept.
after you are sure you can go to the exchange and buy it there. and also have a wallet ready, many would suggest using a hardware wallet.

for a beginner, it would be more advisable to invest first while learning some basic trading techniques. you can buy it gradually when you have enough money. now Bitcoin is also experiencing a decline, if you want to buy you can take advantage of this moment. and if there is a deeper decline, you can add to your purchase.

[Franctoshi]

Please just attend to this helpful questions amicably and be polite in your answers?
Where do I begins? What's the best wallet you're using? Where do I buy bitcoin with easy exchange without scams?
Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

You have taken the right step by first asking for directions on how to go about starting your Bitcoin investment journey, but knowledge should be the key to starting your journey,  however one very first thing I will leave with you is first take note that the market is very volatile and should not invest money that do not belong to you or investing what you cannot afford to lose because you've seen others investing and talking about huge profits, rather it should be according to your capacity.

If you're coming from a country that crypto transaction are restricted like Nigeria, where you can't purchase with your cards, then use platforms that has P2P to purchase your Bitcoin.
Divide your capital into portion and start your purchase of Bitcoin with nice DCA

[bitbollo]

it's much easier than you think. collect bitcoins the same way you get FIAT money.
so with a job, performing services, selling objects you no longer use... obviously based on your experience and skill it becomes much easier to get money/bitcoins.

go to bitcoin.org and you find much of your questions answered. there are several trusted exchanges but nowadays they are requiring your personal documents...

last but not least, study this argument. get a book like mastering bitcoin.
try to understand the advantages of using it, learn more about what we are talking about, read the forum, read satoshi's posts or finney's posts... I'm sure you will find what you are looking for.

[Hyphen(-)]

First of all, welcome to Bitcointalk forum @MTNNET.

Where do I begins?

This is the first and most crucial step; as long as you are willing to learn about Bitcoin, it is the first and most significant step to take in order to reach your goals.

What's the best wallet you're using?

Hardware wallets may appear to be a bit more costly to set up, so I recommend that you start with an electron wallet because it is simple to use, safe, and dependable.

Importantly, you need to learn about keys and addresses before you start your investment in order to know how to keep your Bitcoin safe.Learnmeabitcoin.com can help you with all the basic things you need to know about Bitcoin, including keys, addresses, and lots more.

Where do I buy bitcoin with easy exchange without scams?

P2P transactions with a trustworthy person are ideal, but finding one is usually hard. As a result, purchasing Bitcoin from any reputable exchange is a good idea, but don't store it in the exchange because you don't have complete control over it.

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

No time is too late for Bitcoin investment; you can start now if you are able to learn and understand the entire process and the risk behind it.

[Ziskinberg]

Well, I hope this would help as these are the steps I did...

 - set a capital
 - make a plan based on the capital
 - time frame ( must be specific whether we are just holding for a few months or years, and target price)
 - use a trusted wallet where you save your Bitcoin

And most of all, we must have faith in Bitcoin and self-control because FUDs and social media can really influence our minds so we must have to keep strong and focus on our goal.

 

[palle11]

Where do I buy bitcoin with easy exchange without scams?
.

For the question you ask about exchange, I think CMC will be fine for you so that you can have enough exchange to select for yourself. Usually many users here have to open binance exchange, however it is a centralized exchange and I'm not putting binance forward for you, DYOR and see what you want for yourself.

[Upgrade00]

Where do I begins?

You begin by acquiring knowledge through your preferred channel, could be videos, podcasts, articles etc. Start from the basics and work your way up to the more technical aspects; remember not to rush it so as not to get information overload.

What's the best wallet you're using?

Personally Electrum, bitcoincore comes a close second

Where do I buy bitcoin with easy exchange without scams?

What do you mean by 'easy exchange'? Most people would opt for centralized exchanges for their perceived ease of use, but DEXes can also be understood easily after a few trials and pose less security or privacy risk.

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

DCA and buy at different times when you have the capital. This removes the pressure of trying to time your entry.

[smyslov]

Finally, should I do it now that the price is not stable or I should wait a little in case it goes down again?  We are all here to learn.

We all wish we have a crystal ball so we'll know when is the floor price, but even experts are caught by surprise on the right time to buy and the floor price, it's something within our grasp, and we can only speculate.
In my case, I just buy when the price is dipping, and if it dips further and I have available funds I still buy I don't worry about when the price still drops after I made my purchase knowing that I will eventually make a profit when the market shifts to a bull.