Bitcoin for HODL

[BlockchainWizard]

Hello everyone!

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

I have read a lot of topics what's important to save my Bitcoin from hacks and after storing it on Blockchain.com wallet, I have decided to send it to my own wallet.
Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.
In my opinion, we need to reward such coders by deciding for Electrum, like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

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[paid2]

Welcome to the forum!

You're right, owning your private keys and storing them securely, and above all offline, is a very important step.
Electrum is a good choice, Firefox too. As a pro-Linux "lobbyist", I'd like to suggest Debian as an OS if you're looking for a very clean one 

I don't know "where" you are, I mean in which step of your discovery of Bitcoin you are actually, but if you want to go further in your Bitcoin journey, you maybe could have a look (if not already done) on the Bitcoin Standard (from Saifedean Ammous) and if you are interested about the technical background of Bitcoin, Mastering Bitcoin is great and free on Github.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

Yeah that in my opinion a very good approach. DCA is a very good strategy, if you are here for a long run.

If you are a long term holder, you should consider buying an hardware wallet, if you want to do some researches about this topic, we have a section dedicated to Hardware wallets on the forum.

[aylabadia05]

Welcome to the forum.

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

I'm sure you will understand more and more about Bitcoin broadly, including about Bitcoin investments that you will carry out with patterns and strategies that can lead to success because you are in a great discussion room.
Do not rush.

I have read a lot of topics what's important to save my Bitcoin from hacks and after storing it on Blockchain.com wallet, I have decided to send it to my own wallet.
Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.

You easily understand basic knowledge about Bitcoin and as I said above that your presence in this forum will really help to understand more about Bitcoin.
Many newcomers often overlook basics like Bitcoin wallets.
Saving on the exchange is wrong because the coins stored on the exchange are not ours but theirs.

I am happy if Electrum is your preferred Bitcoin wallet.
Safeguard and store the seed and private key.

[Issa56]

Hello everyone!

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

It's a nice ideas investing in bitcoin, also you don't just have to HODL your bitcoin, you can also be performing transactions with your bitcoin also, if bitcoin is accepted in any store in your area, you can just purchase things and make payment with bitcoin, let's try and make bitcoin serve its purpose, it shouldn't be hold alone, transactions should be done also with bitcoin. Am not saying we shouldn't hold bitcoin, but we should also try and make transactions with it.

I have decided to send it to my own wallet.
Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

It's nice that you already learn about how you can secure your bitcoin, you already know the appropriate wallet to store your bitcoin, but also you should learn how to secure your wallet private key, make sure your private key is stored in a place where their is no internet connection, you can easily carve your private key on a metal steel and keep it in a secure place.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

You can accumulate more bitcoin, but use the extra money you won't be using for now to invest in bitcoin, and don't be to desperate to invest in bitcoin, have seen people selling properties just to invest in bitcoin, am not in support of that.

[Faisal2202]

Hello everyone!

I'm new here and I'm happy to write here finally.

Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

Well come abroad OP, I hope you will grow here. And there is no doubt in that less BTC will bring less profits even if you hold them for years, but that is also not 100% true, let's say you have 100$ of BTC now at the current price and you hold them till BTC new ATH after its Halving in April 2024. Let's say BTC set ATH of $100k then you will be getting a profit of around $267 + your own one hundred dollars, which becomes 367$. Well, keeping the amount of 100$ in mind, the above profit is enough, and it will increase as you will increase your capital but as you said you do have not much BTC, my advice is, do not worry and do not fall prey to the emotion that, you have less BTC you will earn less, Instead you should accumulate BTC drop by drop as there is a saying, Drop by Drop fills the ocean.

Like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

I value your thoughts about Electrum but as you mentioned you are a newbie and idk you are a newbie to Firefox too or not, but there is a community member in our local board who have faced some issue with Firefox. As mistake was his own, as he forgets to save the seed phrase of his wallet he was using Firefox browser, and his browser auto-updated, which results in deleting all the browser extensions and when exploring that he was asked for seed phrases but he did not save them yet but fortunately he was able to get them using Parent and child mechanism of wallets. (if you are interested then you should read his topic)

[lizarder]

I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

It doesn't matter if you don't have a lot of bitcoins and you can buy slowly according to the ability of the money you have. But if your finances aren't that stable and you may not be able to afford large purchases, using the DCA method is a great move that you can apply consistently.

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.
In my opinion, we need to reward such coders by deciding for Electrum, like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox. 

It's a good decision and not even that many newbies try to do something like you did. I mean, you not only understand how to invest but also have insight on how to store bitcoins safely, this is rarely noticed by beginners and usually they just ask and never try to learn it first. Welcome to the OP forum and you will be directed to further discussion when you want to hit the search button according to what you want to learn.

I don't think it will be difficult since you just made one post, but your knowledge is quite good about bitcoin and safe wallets to store it, we rarely encounter this when many beginners are busy asking how to get Merit. Don't forget to save the seed and private key in a safe place because that is the real essence of how to protect the bitcoins that you have.

[Awaklara]

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

Welcome to the forum.
I'm also an Electrum user, I'm comfortable using it so far. but just a suggestion. if you have the plan to hold long term by continuing to collect Bitcoin that you can afford. you might be better off buying a hardware wallet. it will be safer for you.
but if you are a trader, or maybe like moving your assets from one wallet to another in a transaction. using Electrum is enough for you.
I wish you success with your Bitcoin investment.

[Ojima-ojo]

Welcome to the forum and on a general note, it seems from your first paragraph you have a misconception understanding of the subject of bitcoin and what amount to profitability holding bitcoin, this is because you are mistakenly held to profitability without taking note or misunderstanding the total amount of BTC to equal the percentage earning when price increase.

But then you are partially right on owning your own key, because when it is not your keys then it's not your wallet after all.

[Upgrade00]

Welcome to bitcointalk forum. You have a unique name, I'm quite surprised you could use it without needing to add numerals or special characters; I'll be looking forward to seeing your username more in discussions.

Electrum is a good choice for a software wallet, for extra security use it on an airgapped device which would never be connected to the internet. Some suggest you only go for more security when you get a large amount of bitcoins but if you have a spare PC laying around you can put it to use.

On the browser you're using, Duckduckgo is another alternative I have been using for several years now.

[Hyphen(-)]

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

You are on the correct track; I notice you have some basic Bitcoin knowledge; thus, I am delighted you found our forum since it will help you expand your skills and motivate you to buy and hold more Bitcoin.

The only thing you have to do is follow the forum rules and prevent plagiarism.
Thank you, and welcome to this fantastic forum.

[sunsilk]

Hi BW, welcome to the forum.

You're right about using a web wallet which is Blockchain.com and good thing that you've transferred your fund from there to Electrum.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

Good luck and just enjoy the ride. It's a bumpy one but it's all fun and intriguing at most times but once you get used to it, you'll have nothing to say but happy whenever you see that we're back in bull run.

[1miau]

I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

Make sure to avoid shady offers where some random internet people are making big promises to "increase your Bitcoins". It's happening frequently and such scammers are very eager to scam less experienced people.
In addition I can recomment to stay away from trading. It might be tempting to engage in trading but you won't get happy as 90% of all traders end up losing. Because nobody can predict the market, it's impossible.
But HODL will take advantage from Bitcoin's limited supply.

HODLing is definitely a good decision. 

[hatshepsut93]

I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

This isn't the case anymore. If you look at the last few years, the best case scenario was buying close to $3,000 and selling for $60,000. That's x20 returns. $100 multiplied by 20 is $2,000 - really not a lot of money even after this perfect HODL.

Bitcoin offers high returns, but it's no longer "from rags to riches" returns. You'd need to invest a lot of money if you want to get a lot of profits, so you are right to be focused on security.

[sheenshane]

Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I appreciate a newbie thinking like this, before engaging and embracing the world of crypto should have research first and you're right, that's a golden rule here that everyone keeps reminding a newbie like you.

If you have a small fund you can afford to buy a hardware wallet much better and HODL it in the long run.
You can do it in a DCA way of purchasing Bitcoin, it's the potential to lower the average purchase price and since DCA involves buying more Bitcoin when prices are lower and less when prices are higher, it can potentially lower the average purchase price of your holdings over time.  This can be advantageous if Bitcoin's price appreciates in the long term.

So good luck!

[OcTradism]

Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I appreciate a newbie thinking like this, before engaging and embracing the world of crypto should have research first and you're right, that's a golden rule here that everyone keeps reminding a newbie like you.

Not your key, not your bitcoin. If anyone can not understand it, fail to secure private key or own private key, he or she does not own coins.

Cryptocurrency Security Checklist.
Reminder: do not keep your money in online accounts

If you have a small fund you can afford to buy a hardware wallet much better and HODL it in the long run.
You can do it in a DCA way of purchasing Bitcoin, it's the potential to lower the average purchase price and since DCA involves buying more Bitcoin when prices are lower and less when prices are higher, it can potentially lower the average purchase price of your holdings over time.  This can be advantageous if Bitcoin's price appreciates in the long term.

Dollar Cost Averaging is hard to follow and boring too but if you can use it disciplined, you will see sweetie results after a long time, like you DCA in bear market and after 2 or 3 years, you will gain sweet result in a next bull run.

With DCA, you must choose good assets to DCA because sweet results are achievable with good assets. If you DCA tokens like GameFi with high inflation, a longer you hold your token or DCA, a lower price of that token you will see on the market. So DCA does not work with inflationary or hyper inflationary tokens.

With Bitcoin, you can check and practice DCA with https://dcabtc.com/

[Fiatless]

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

You are on the correct track; I notice you have some basic Bitcoin knowledge; thus, I am delighted you found our forum since it will help you expand your skills and motivate you to buy and hold more Bitcoin.

The only thing you have to do is follow the forum rules and prevent plagiarism.
Thank you, and welcome to this fantastic forum.

His post doesn't look like that of a newbie which means he has been reading about Bitcoin. I want to encourage you not to stop reading because knowledge is the only tool that will distinguish you in the Bitcoin industry and the forum. For now, I have not seen any other investment in the crypto industry that is performing well like Bitcoin. That is why your decision to invest in Bitcoin is not a bad one. You can own Bitcoin by mining, buying, or earning. So you have to determine the most convenient one for you. As you have rightly said, centralized wallets are unpredictable and can lead to a total loss of funds. The problem of FTX and other exchanges in 2022 is still fresh in the memory of many crypto investors.

[Dunamisx]

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.

Electrum wallet is a very good example of a cold storage non custodial bitcoin wallet, it is also very important that you make use of this electrum wallet on an airgapped device which is not connected to the internet, which means, your device you will be using in accessing your bitcoin on the blockchain shouldn't be the one used for browsing or internet connectivity, this helps for maximum security measures while using electrum.

In my opinion, we need to reward such coders by deciding for Electrum, like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox.

Why are you comparing one browser from the other here, you can choose anyone you like, adjust the settings to your taste and change some functions as well as disabled some other functions you don't like, you're using them or not is not a profit to them as long as the product of their development still remains relevant for use by everyone, those development are self sustainable for themselves as long as they provide you with what you want, people will always go after them.

[Frankolala]

You have gotten the basic concept of bitcoin but you need to keep on learning because there is a lot about bitcoin which you haven't heard yet. So always stick to the forum to acquire more knowledge and also your contributions on topic discussed will help you grow. I am also using electrum wallet and you have chosen one of the best wallet to keep your bitcoin safe.

As for hodling and at the same accumulating more bitcoin is the best strategy to make profit in a long term. You should take your time to navigate round the various boards in the forum to find board of your interest, so that you can enjoy the forum. You should read more on hardware wallet to understand how it works.

Welcome to the forum.

[lovesmayfamilis]

The meaning of the topic is not entirely clear. OP. Well done, If you read the forum, then you have carefully prepared, and your post looks like a test.
But it's not clear what you wanted to tell us about your first topic. Very often, topics appear here that do not carry either a question or a conclusion. Don't forget that you are a beginner, and not many of the people here are, so please, in the next topic that you open, let there be something original.

[CryptSafe]

Hello everyone!

Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

At first I will welcome you onboard this platform and from the looks seems you have already done some research on and about the bitcointalk platform to have had such knowledge of "not your keys, not your coin" that is good of you op. Unlike Others that do not have idea about this phrase as mentioned. Knowing it keeps you and your assets on the right track. Centralised exchange are not safe storing your assets and should not be your store of value. You have your wallets where you can easily transfer your assets to after trading. Your self custodial wallet should be your last resolution when storing up your assets and funds. With this, you can be sure of the safety of your assets without being afraid is keys are well secured by you.

[Poker Player]

I join the welcome given to you by other colleagues. Regarding what you comment, if you say you start with little capital and you are going to try to buy more Bitcoin I suggest you read about the DCA strategy and about personal finance in general.

Then, apart from what has been said about DCA, in the future when you have accumulated enough capital, within one or two cycles you can consider whether to make partial sales at market peaks while HOLDing the rest, but you will learn this as you go along.

[Plaguedeath]

If you're trying to use Bitcoin for long term holding, you need to buy a trusted hardware wallet or use a secure device as a cold storage. Despite electrum is trusted and open source, but you're use it as a hot wallet e.g. a daily driver device, your coins aren't safe.

Bitcoin is actually used as a currency based on the whitepaper, although it can be used to store a value too.

[Ojima-ojo]

If you're trying to use Bitcoin for long term holding, you need to buy a trusted hardware wallet or use a secure device as a cold storage. Despite electrum is trusted and open source, but you're use it as a hot wallet e.g. a daily driver device, your coins aren't safe.

Bitcoin is actually used as a currency based on the whitepaper, although it can be used to store value too.

Sometimes I can't but wonder if there is any open source online wallet that can be trusted for long-term Bitcoin storage as against the widely spoken risk of losing the funds since the backend developer may have access to the source code unlike a hot wallet device but in all there all comes with their peculiar risks.


But we must also have some level of trust for some of the widely tested and trusted wallet sources as the Electron wallet which has highly proven security.

[Natalim]

If you're trying to use Bitcoin for long term holding, you need to buy a trusted hardware wallet or use a secure device as a cold storage. Despite electrum is trusted and open source, but you're use it as a hot wallet e.g. a daily driver device, your coins aren't safe.

Bitcoin is actually used as a currency based on the whitepaper, although it can be used to store a value too.

But as a starter, I don't recommend using an expensive wallet. In fact, thousands of people are using Electrum Wallet and have no problems with it. Because even using a hardware wallet can't assure 100% as it all depends on how they manage to access their wallet/funds. The best thing that OP must do is to keep everything in secret and never expose his wallet address to any platform as it gives interest to the hackers. Spreading it to another wallet address is one option as well.

[Dzwaafu11]

Hello everyone!
I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

You're welcome; here, you can find out everything there is to know about bitcoin and other cryptocurrencies in a secure environment. All you have to do is follow the community's rules and regulations, and don't be afraid to ask questions about anything you don't understand about bitcoin. Members of the forum are always willing to assist you.

I have read a lot of topics what's important to save my Bitcoin from hacks and after storing it on Blockchain.com wallet, I have decided to send it to my own wallet.
Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.
In my opinion, we need to reward such coders by deciding for Electrum, like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox.

You already possess the greatest information on how to use them and keep your coins secure; all you need to do is maintain your private key constantly locked. I too use why since I've never heard of anyone complaining about them, but electrum is really good for storing bitcoin. I believe you made the right choice by selecting electrum wallet to hold your bitcoin.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

It will be very good if you do, but I also want you to know that you shouldn't just say you always save bitcoins with all of your money; instead, try saving with the amount you know even if you lose you will not have financial problems. This is because I've observed some people storing bitcoin daily whenever they have a small amount of money; I can't risk that my money will be at risk in such a way, so in my opinion you should only buy bitcoin with money you can afford to lose.

[Mr.right85]

Hello everyone!

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

I have read a lot of topics what's important to save my Bitcoin from hacks and after storing it on Blockchain.com wallet, I have decided to send it to my own wallet.

Your username though. It presents you like a pro in this field. Although, the blockchain technology is all about bitcoin or cryptocurrencies. Anyway, that's aside of the point.

I don't subscribe to the idea that bitcoin is all about holding, nope. It's much ore than that although, that's the most any beginner could do and have a sense of security, be safe about holding there coin while, topping there portfolio from time to time.

Few users have been known and still spend there coins when opportuned. A few others resolve to trading as some means to get consistent profit of it but, loses are very much possible too.
Then we have the holders that profit from the time spent holding and the prevailing trend.

It really isn't all about holding.

[Peanutswar]

Welcome to the community!

Hope you learn a lot things here many members contributes a lot of knowledge and experience to other member that could serve a lesson for each everyone.

Electrum is a good choice of hot wallet better make sure you have the backup of your seed not only 1 but 3 or more as possible no one wants to lose their assets,  we also recommend having a hardware wallet for your more secured storing of funds.

Good luck on the ride of the market currently we are close in halving. 

[SOKO-DEKE]

I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

When someone needs to make a significant return on their investment in bitcoin, they must put a lot of money at risk and be prepared to hang onto it for a long time. Only the money they can afford to lose should be used because there is no assurance with bitcoin investments. However, if you don't have a sizable capital to invest and you still want to make a good profit from your Bitcoin investment, you should hold it for a very long time. This is because, in the opinion of some seasoned Bitcoin investors, capital and holding time are the two main factors that determine a good profit.

Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

For proper security of your Bitcoin or other coins, you need to be the only one to have access to your wallet, and that is the reason why someone needs their own personalwallet and not to allow anybody or any company to take care of their coins. To avoid some stupid stories, someone doesn't need to leave it coins under any centralized exchanges because it is not a new thing that many hackers eyes are mainly on exchanges, and these are reason why exchanges are easily hacked.
 

[aysg76]

You have made right choice about bitcoin investment even the amounts are small because many investors think they can't afford considerable amount of bitcoins in one go because the prices are low but ignore that it's possible to accumulate sats also.In few years you will have good amount through DCA investment if you know about it like invest small amount over fixed intervals and keep holding for few years.

The Electrum is best option for bitcoin holding as your keys are safe with you but also keep your seed phrase safely in offline storage and you can also add passphrase to add extra layer of security to it.Speaking of firefox then it's far better then chrome because they always track you with each activity but Firefox with configuration is best to use and for more secure options you can have TOR as many of us use it.

[Rengga Jati]

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

Yeah, Bitcoin is a very promising investment. But, note also that Bitcoin is also a risky investment, so you will get balanced information and consideration about Bitcoin investment. And you can learn more to avoid or minimize the risks,especially to know what will commonly happen to Bitcoin suddenly, so you are not being panic everytime whatever bad happening.

Related to wallet, indeed, if we are expecting for long term holding, actually this is very important to decide which wallet to use. Tje best is hardware wallet, so we can really have our own phrase and keys.

[Shamm]

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

Yeah, Bitcoin is a very promising investment. But, note also that Bitcoin is also a risky investment, so you will get balanced information and consideration about Bitcoin investment. And you can learn more to avoid or minimize the risks,especially to know what will commonly happen to Bitcoin suddenly, so you are not being panic everytime whatever bad happening.

Related to wallet, indeed, if we are expecting for long term holding, actually this is very important to decide which wallet to use. Tje best is hardware wallet, so we can really have our own phrase and keys.

Bitcoin is good for long-term investment, and it will never disappoint us cause we are all known that how big bitcoin industry is. And yes all agree with you mate, investing bitcoin is too risky because the prove is volatile we can not predict when it ups or when it's down but we must remember self-control is a must in the world of investing, don't be greedy in order to protect from losses.

[Stable090]

Hello everyone!

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

I am confident that if you have the patience and the ability to hold your bitcoin for a long time, you won't regret making the investment. However, most people find it difficult to hold. I have been trying to accumulate and hold more bitcoin, but I haven't been satisfied with the amount am currently holding. However, whenever I have extra money that I know I won't be using right away, I will use it to accumulate more bitcoin, as I know everyone holding bitcoin will smile later in the future.

Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

Many people make the very incorrect decision to leave their bitcoin on any exchange. If we look at the cryptocurrency exchanges that have been compromised since the creation of bitcoin, we will all be aware of this mistake. We should do all in our power to withdraw our bitcoin to a non-custodial wallet after purchasing it on an exchange.

[RockBell]

Hello everyone!

I'm new here and I'm happy to write here finally.
Bitcoin has always been an interesting topic, when I first heard about it because I'm a friend of savings and store as value.
I don’t have much Bitcoin but as we know: not much Bitcoin can have much value in a few years. It is all about HODL.

WELCOME on board I actually know you while you're here and there's enough information here. That's one of the most fascinating things about Bitcoin being a store of value because when the market goes up, your value will go up as well. On the other hand, it has its drawbacks because once the market goes down, your money will start dropping. If you have any extra cash lying around, you can use it to invest in Bitcoin because the more you buy, the bigger the profit and the most important thing is to HODL no matter what the circumstance may be.

I have read a lot of topics what's important to save my Bitcoin from hacks and after storing it on Blockchain.com wallet, I have decided to send it to my own wallet.
Not my keys, not my coins is an important advice. We need to be very safe to avoid getting hacked because coins stored on a centralized exchange are keys held by operators, not customers.

I have decided to select Electrum wallet because Electrum wallet is Open Source and is developed by a very experienced coder team for a long time now.
In my opinion, we need to reward such coders by deciding for Electrum, like I've decided for Firefox instead of Google Chrome because we need to support unique coder teams, like behind Electrum and Firefox.

I will try to collect more Bitcoin, save it carefully and HODL it, because in my opinion, Bitcoin is a very promising investment.

That is one of the best decisions you can make about Saving your Bitcoin on the wallet and you made the best decision in selecting a very fine wallet, the popular saying on the forum not your keys, not your coin, what happened with FTX should be a lesson to many and the annoying aspect of it all is that people don't learn a lot of people still keep their money comfortably with exchanges but sometimes people will learn the hard way

[qwertyup23]

I join the welcome given to you by other colleagues. Regarding what you comment, if you say you start with little capital and you are going to try to buy more Bitcoin I suggest you read about the DCA strategy and about personal finance in general.

Then, apart from what has been said about DCA, in the future when you have accumulated enough capital, within one or two cycles you can consider whether to make partial sales at market peaks while HOLDing the rest, but you will learn this as you go along.

This is very informative- I actually just started investing again in BTC due to the potential fork that will happen this 2024. I read about the DCA strategy where a person would invest a small amount of money but it should be in a consistent basis. This is very informative as this will actually reward people who will invest the returns that they may potentially earn in cryptocurrencies.

OP, you should definitely check out this strategy. Even if you have a relatively small capital, that should not hinder you from investing more in the process. As long as you remain consistent in depositing/investing, you will definitely reap your rewards in the near future.

[Obari]

I really don't know if you're campaigning  for Firefox or ethereum or you're for bitcoin,  uncle please have a stand and don't get yourself or even the public confused.
Hodling is a matter of choice and there are other greater opportunities  in bitcoin  outside just hodling and there are as well people who live their dream live off day trading because what truly matters is that at the end of the day, we're all making profits.

You truly understand the fact that  not your keys not your coin which simply means that you should safeguard  your keyphrase judiciously and never share it with people you don't trust.