How I accumulate bitcoin as a newbie?

[Dave1]

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?

For starters it might be best if you will start with Electrum wallet and then gradually move to hardware wallet if you have accumulated so much bitcoin.

You may want to look here for exchanges: https://coinmarketcap.com/rankings/exchanges/. But I will say that once you buy it, better move it to a wallet that you have total control and not let the exchanges handle your bitcoin.

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.

Of course we wouldn't want to buy cheap? But the thing is that we don't really know how the price will be in the future. One strategy is to do DCA and just keep on accumulating as much as you can before the block halving.

[CryptoHeadlineNews]

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?

There is a local proverb in my dialect that says that "A man who ask questions can never get lost when looking for direction", and you just asked yours while striving to acquire knowledge about your crypto journey, which is quite impressive, rather than assuming and pay the ultimate price. So in regards to how to accumulate Bitcoin as a newbie, I will like to explain that it goes in 2 ways, first, you can either buy BTC bit by bit (i.e either weekly, monthly or quarterly) and left for 'x' period of years, while secondly, you can buy once with a huge sum and left to grow, or lastly, you can equally work on a signature campaign on the forum and get paid in Bitcoin as reward.

[Helena Yu]

All you need is a non custodial wallet, money and exchange.

In short, you just need to send your money to the exchange/someone you trade, then you will get your Bitcoin in your exchange (if you trade using CEX) or wallet (if you trade P2P), if you use CEX you need to move your coins to your wallet.

I will like to explain that it goes in 2 ways, first, you can either buy BTC bit by bit (i.e either weekly, monthly or quarterly) and left for 'x' period of years, while secondly, you can buy once with a huge sum and left to grow, or lastly, you can equally work on a signature campaign on the forum and get paid in Bitcoin as reward.

You're talking about DCA and it doesn't need to left for the next few years because you can keep DCA-ing until you death.

Don't treat signature campaign is a job in this forum, it's just a bonus and not everyone join in this forum only for participate a signature campaign, @OP is still a newbie too and he have no way to participate signature campaign.

[Abu-Naim]

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.

I have an interest to invest in Bitcoin too OP, just that I lack capital to start up now, that is why I am using this opportunity to learn about Bitcoin before I get capital to buy my Bitcoin.

If you consider Bitcoin's high price, this is a good price to buy.

[cryptoaddictchie]

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.

Since others suggested the best wallet already. Now I think tou shouldnt wait or assume its already high or low. No one can accurately predict that but I suggest that if you have fund on a regular basis do a timely buying of bitcoin like averaging so that you could buy at cheaper or if does goes down youll get cheaper. But for now bitcoin is totall fine and still far from ATH.

[Porfirii]

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.

Since others suggested the best wallet already. Now I think tou shouldnt wait or assume its already high or low. No one can accurately predict that but I suggest that if you have fund on a regular basis do a timely buying of bitcoin like averaging so that you could buy at cheaper or if does goes down youll get cheaper. But for now bitcoin is totall fine and still far from ATH.

My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.

But if you are looking for simply investing your hard earned money then yes, go for a hardware wallet and try to predict the market, although it will be a bit like a lottery. Another option is to buy little bitcoin and reserve some cash in the event the price goes down and this way you'll be averaging down the purchase price.

[cryptoaddictchie]

My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.

Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead.

[Taskford]

My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.

Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead.

No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users. Also there are jobs on this forum which pays btc so maybe he can hunt for a job for start if he want to accumulate bitcoins and use this for other investment which can generate us another profits.

[Dr.Bitcoin_Strange]

If you read this article, you will really gain a lot of knowledge about Bitcoin, wallets, wallet security, and more (if you find time to read through). But for the most part, if you are looking at buying Bitcoin, I think you should not buy it from a centralized exchange. Don't make the mistake that we or others have made by buying Bitcoin on CEX, where you will need to pass KYC in order to buy or sell your Bitcoin. You can always buy Bitcoin through the P2P system, or you can buy from any of the decentralized exchanges I listed below:

AgoraDesk
Bisq
BitHalo
CoinCola
Hodl Hodl
LocalCoinSwap

If you are looking for the best wallets to use, the Electrum and Exedus wallets are good choices. for mobile, you can [Tutorial] BlueWallet - Bitcoin Wallet Discussion and you can also visit the Wallet software and Hardware wallets board to learn more about Bitcoin wallet and security.

Although Bitcoin's price is low now, we hope that after Bitcoin's halving next, there will be chances of seeing a bull run, and if you buy Bitcoin now, you will be making profits during the bull market. Depending on how much you want to invest, you can use the dollar cost averaging (DCA) strategy to buy Bitcoin because there's still some speculation that Bitcoin will dip to $24k and below.

[ImThour]

You don't have to worry that you are a newbie to accumulate Bitcoin. What is accumulate? "to collect a number or quantity of something over a period of time"
So just go by that term, go slow, keep buying a little bit here and there over a period of time and you should be good to go. A forum rank doesn't matter at all.
Some Full Members here have made more money in the past 2 years than those who are here since 2013.

[Devwuh]

Also as a novice in encryption, if you want to accumulate Bitcoin, you must first learn the basics of Bitcoin. Before you start buying bitcoins, learn the basics of bitcoins.
And it is also very important to choose a reliable exchange and wallet to protect the account and fund security.

[cryptoaddictchie]

No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users.

Yes theres an airdrop of bitcoin here? But I did mentioned some raffles. Most airdrops are earned in altcoins well if they earned those tokens they could trade that into stables and convert to bitcoin. Im sure some are doing this like me. Can you share some airdrops of bitcoin you said? Aside from the 2009 or 2010 free bitcoin like before when downloading their software. Surely OP talks about the time now.

[avp2306]

My advice to accumulate bitcoin as a newbie would be to spend time researching and participating in forums etc and you will accumulate satoshis at the same time that you accumulate experience and knowledge. If you spend time learning you'll earn bitcoin one way or the other.

Thats also another options learn well and get your rank high and join signature. Theres no other way to get bitcoin without investment here aside from signature or join some raffle or free giveaway bitcoin here. But OPs talking about probably the investment part since he is asking if his gonna wait to go down. So my response is about dca instead.

Ranking up maybe hard for some users and they might find it a waste of time if they can't earn anything. This is why newbies left and think about that participating on any activities here is just a waste of time for them. Maybe at start they should not focus on how they can earn but rather how they can learn since once they know more knowledge about bitcoin and other altcoins maybe they can share relevant informations which can help them earn merit then rank up, maybe from this they can possibly earn on sig campaign.

[Lakai01]

Yes theres an airdrop of bitcoin here? But I did mentioned some raffles.

Unfortunately, the days of Bitcoin airdrops or faucets, which were really worth it back in the day, are long gone. Faucets, which were quite widespread back then, either no longer exist or pay out a fraction of a cent in Bitcoin. It takes a lot of time and effort to collect enough to get paid out even just 1$ in Bitcoin.

However, Raffles do exist from time to time and sometimes pay out larger amounts in Bitcoin. At the moment I don't know of any Raffle where you can still participate.



The best way for me to get Bitcoin is still to accept smaller jobs and orders that pay in Bitcoin. Besides advertising via signature and avatar campaigns, these can also be jobs in the marketing sector or in software development.

[Taskford]

No there are other options to earn bitcoin without spending any amount. And that are joining some free airdrops although this is not 100% sure that you can earn but at least you have a chance to gain for free if there is a legitimate platform will pay to its early bird users.

Yes theres an airdrop of bitcoin here? But I did mentioned some raffles. Most airdrops are earned in altcoins well if they earned those tokens they could trade that into stables and convert to bitcoin. Im sure some are doing this like me. Can you share some airdrops of bitcoin you said? Aside from the 2009 or 2010 free bitcoin like before when downloading their software. Surely OP talks about the time now.

Joining on that doesn't mean you can earn bitcoin directly, the main point on that word is he can possibly earn what those devs give to him and convert it to bitcoin. This is common thing people do since we know airdrop earners exchange those token to bitcoin so that they can withdraw. So for OP and other newbies case they can use what they earn to invest on other bitcoin investment schemes or they can trade it back again to multiply their earnings.

[ifarted]

Even newbies can accumulate Bitcoin. All you have to do is buy in an exchange either centralized or decentralized exchange, it's up to you. For wallet, all you have to do is buy hardware wallet like trezor but if you don't want to spend money to have a wallet then there are lots of wallet that you can trust. What I can recommend to use that is for free is Electrum wallet. Be sure to make a back up of the seed phrase which is used to import your wallet in Electrum if you use new device like desktop or mobile phones. There are more ways to accumulate Bitcoin and I only mentioned buying but you can use your skills to earn BTC.

[Learn Bitcoin]

No matter if you are a newbie or a veteran member. You can accumulate Bitcoin as others do. Or you can choose a different way than others. You can sell goods or services and receive Bitcoin as a payment method. Moreover, you can earn Bitcoin in several other ways.

If you have any kind of skills like web development, web design, photography skills, or other skills that people may want, you can offer those services for Bitcoin. My rank is not too high yet I am earning around $40 per week in Bitcoin from the signature campaign.

If you have a plan to invest in Bitcoin, you can buy Bitcoin if you want. About the wallet, You can use a hardware wallet like Ledger Nano. Also, you can use software wallets like Electrum to start accumulating your Bitcoin.

[Razmirraz]

You can start investing in Bitcoin whenever you want, fluctuations always occur every minute which means the price of bitcoin is never stable. If you wait until the Bitcoin price drops to the point you want to start investing, then what if the price goes up or never goes down like you expected. Do personal research on price movements, once you understand how the bitcoin system works, you can invest slowly or start with small capital if you are still afraid of losing investment value. Always use cold money that is not used for other purposes so as not to cause panic when the price drops.

[ZAINmalik75]

Bitcoin price flactuat the very and most time because of his volatile nature, Bitcoin mostly provide opportunity at different moment to jump into it for investment, so you should not be afraid when ever a spike rise in his value.
The best strategy to accumulate Bitcoin is to get entry at every single dip but it you are capable and have big amount to invest, but if not you can accumulate Bitcoin by transferring all of your airdrop earning amount into it , but if all of them are not valid and unadoptable for you then you can collect them by small small amount of all of your hand earning money and saving.

[AakZaki]

Unfortunately, the days of Bitcoin airdrops or faucets, which were really worth it back in the day, are long gone. Faucets, which were quite widespread back then, either no longer exist or pay out a fraction of a cent in Bitcoin. It takes a lot of time and effort to collect enough to get paid out even just 1$ in Bitcoin.

However, Raffles do exist from time to time and sometimes pay out larger amounts in Bitcoin. At the moment I don't know of any Raffle where you can still participate.



The best way for me to get Bitcoin is still to accept smaller jobs and orders that pay in Bitcoin. Besides advertising via signature and avatar campaigns, these can also be jobs in the marketing sector or in software development.

If you have skills in marketing and software development it will be a positive value and can provide additional income. But for those who can only join signature campaigns, of course they should look for some other income in bitcoin by trading or investing from signature campaign payments. Or take part in several contests that give bitcoin prizes.