My first knowledge in Bitcoin/Bitcointalk

[Dobabe]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

[1715068942]

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[1715068942]

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[Cantsay]

So if I make any mistake in any of my writing, please correct me. I am open to correction.

It’s Bitcoin not bitcion same goes for Bitcointalk not Bitciontalk.

[Hatchy]

I heard about bitcion from my uncle and he has been talking about bitcion since February 2022 and have been hearing how bitcion pays and support youths. If invest in long term. And he also warned me that bitcion is not get quick rich scheme and there are different ways one can get bitcion. And the ones he told me were:
1) buy bitcion and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
         Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

wow, your uncle knows alot, is he here on the forum cause i would love to know him. hope you dont mind telling us his user name? it would be better if you work on your grammatical structure.
well, you are welcome to bitcointalk. it would be nice if you go through some of the rule guiding everyone here on the forum. here is the first you might want to read Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
bitcoin, can do so much more than you can think of. it is a key to financial freedom. just as your uncle said, it is not a get rich quick scheme. a lot of people get the wrong idea about bitcoin because of how they were informed. Trading comes with a lot of risk and i usually advice people or newbies to hold for a long term

[Patrol69]

There are some typing mistakes in the post you posted so we are having trouble understanding what you actually mean by which words.  Before posting next, you must double check that your post is public as you posted it. If you read my comment then you can edit your post and resubmit it so that everyone can understand what you really mean. If the content of the post is not well understood then it is difficult to reply to that post.

[Mia Chloe]

I heard about bitcion from my uncle and he has been talking about bitcion since February 2022 and have been hearing how bitcion pays and support youths. If invest in long term. And he also warned me that bitcion is not get quick rich scheme and there are different ways one can get bitcion. And the ones he told me were:
1) buy bitcion and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
         Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

Although your narration seems vague I will advice you OP to spend more time reviewing your post if your English is bad rather search for your local board to make necessary contributions to the forum.
I will advice you to read more about Bitcoin on this forum as you will gain a lot rather than making posts of this nature.

[pawanjain]

I heard about bitcion from my uncle and he has been talking about bitcion since February 2022 and have been hearing how bitcion pays and support youths. If invest in long term. And he also warned me that bitcion is not get quick rich scheme and there are different ways one can get bitcion. And the ones he told me were:
1) buy bitcion and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
         Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

You have come to the right place. This forum is as vast as it can be. Do work on your writing skills though.
Start developing a habit of reading because that is what will get you the immense knowledge about bitcoin you need.
Your primary goal should be learning as much as you can followed by knowing how to securing your coins.

[coinfunda]

Hey, Instead of typing "BITCOIN" you have written "BITCION" every time in your post so it doesn't seems like a typing mistake.
Your uncle's advice is correct and you are at right place to learn about cryptos. Please checkout this post to have some ideas about forum's guidelines to follow: https://bitcointalk.org/index.php?topic=1689727.0

A few additions to your points:

1. Since you are thinking of holding for long term the wallet should be non-custodial because you never know a custodial wallet may discontinue their service of may put some mandatory requirement like KYC with passport only, and your funds will be blocked. SO always use non-custodial wallets. If you are planning to invest and hold big amount its worth to consider hardware wallet. Hardware wallets are the most secure method to store your crypto funds. --> here is the list of hardware wallets

2. Bear market is best time to enter in the market. since halving is coming so this period may be the right time to take entry.

3. Trading is risky that correct but some trading strategies are safe. For example you can buy in the bear market and sell in bull market as per targets set by you. Then again take entry in bear market.

[Smartvirus]

So if I make any mistake in any of my writing, please correct me. I am open to correction.

It’s Bitcoin not bitcion same goes for Bitcointalk not Bitciontalk.

These are mere misconceptions and typographical errors. In terms of corrections such as the first case involving Bitcoin with an upper case ‘B’ and that of bitcoin with a lower case ‘b’, pointing out the difference would do more clarification to what’s wrong with it and in turn, bring about the consciousness for OP and users when they come across or what to say the word than just laying it out there.

It’s a common mistake and even I could make such mistakes but, if I would like to say something to OP on typos, I’ll say, you should do a run down on your composure after writing and you might see a few things to correct.

when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.

A little something here. Miners don’t get to mine already mined bitcoins. Like, just how does that happens or sounds to you. Like these coins are already in circulation and what happens yo initiated transactions is a confirmation on them into the blockchain. No further mining is required.

[Abu-Naim]

        Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

After many users are complaining about your typing or grammatical errors, I know English is not everybody's native language. I advise you to be using grammatical correction tools like QuilBot to check your grammar in case of any missing punctuation and sentence structure.

This forum will help you to learn about bitcoin if you take your time and visit the forum frequently, and if you ask questions on anything and need clarifications regarding bitcoin, in general, just keep learning and you will understand the concept of bitcoin and know the right time and wallet to invest your bitcoin in to avoid making errors.

[JunaidAzizi]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

Your uncle recommended Bitcoin and Bitcointalk to you it's a very honor to have such a good mindset uncle you have because most people don't know about Bitcoin or if they know they don't recommend it to their children. It seems that your uncle is very supportive and you said your uncle pointed out these two then it means that he is already working here and if I am not he may be at the legendary rank or maybe the hero rank. Well, this platform will help you a lot not only by asking but also by looking at the different threads and collecting information according to your interest. When you are new here then I recommend you to take a look at the forum rules which are already mentioned by a user up there just go there and read them carefully so when you have knowledge about the rules it is possible that you can't violate any of them . So best of luck and welcome to this forum. I hope you will get for what you came here.

[The Cryptovator]

The greatest and most important thing you learn about Bitcoit isn't quick-rich scheme. That's what we should be aware of at the beginning of the Bitcoin journey. Many of us spread misinformation about Bitcoin, saying that we may get rich quickly by investing in it. Bitcoin isn't an investment project or Ponzi scheme from which you can make quick money. It's a highly volatile cryptocurrency, and we can capitalise on the volatility through trading. That's how we may make money. On the other hand, we may lose money as well due to wrong decisions. So overall, you learn a valuable lesson about bitcoin investment.

[youdacapt]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

I see that there are couple of complains about your wordings and letters and i am pleased that you have taken the advice and made corrections. So i advise that you can add grammarly extension to your browser to assist you with spelling and others.

With regards to your op, i think you have done justice to the basics of bitcoin and crypto currency so i will advise that you do not apply emotions to your doings in crypto trading. And also have it at the back of your mind that either you trade; or you buy and keep for long term; they are all risky. (All forms of investment are a risk).

Always dyor and follow the simple paths; understanding the basics and triumphing!!

[SatoPrincess]

Welcome to bitcointalk! I believe your reasons for coming here are genuine, and I think you will grow into a person more knowledgeable in the crypto field than when you came. You just have to be patient with yourself as you slowly become that person.

wow, your uncle knows alot, is he here on the forum cause i would love to know him. hope you dont mind telling us his user name?

I’m surprised you’d ask such a question, what’s the point in knowing who’s family in bitcointalk? It is unnecessary in my opinion, and I don’t think OP should tag anyone’s account without asking permission first.

[Nheer]

Your uncle have said it all and he is right Bitcoin volatility can make you gain profit if left for a long period of time especially when you are lucky to be part of the bullish trend. Bitcoin has a large scope and understanding everything about can be challenging but here in the forum you can learn so much about it and there are different sections and boards where discussions of various parts of it are being done. You should begin by learning the basics then later proceeding to other sections of your choice, it’s not necessary you learn all at the same time.

Ps: In the crypto world even after you are being told to invest in a certain coin because it has the potential to reach the moon you are advised to still carry out your own research and make the final decision on which coin to invest in based on the results of your research.

[EFS]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

Your uncle is right about that. What's his account name?

Don't get me wrong but we've heard too many of this type of stories here. Generally, they make up these stories to get merit. If what you say is true, there is no problem. You can find answers to all your questions about Bitcoin here. Don't be afraid to ask questions, even simple ones. Just remember to do your own research. The questions you ask have probably been answered here many times before. If you are young, consider Bitcoin as part of a long-term investment. Don't invest the money you urgently need in crypto-currencies. Buy coins regularly with the money you set aside for investment. Good luck.

[BitDane]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:

How can it pays and supports youths if the plan is to hold for a long term?  In this kind of plan, investors are suppose to spend money to buy Bitcoin and stash it for years.  Stashing it for years will not produce profit so saying that it can pays and support youth when one is not selling it for a very long time is somehow misleading.

1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.

This is the reason why I stated the question above.  Let us say you are in your 2nd year of bachelor degree, waiting for 3 - 5 years makes you a graduate student and holding Bitcoin won't give you profit unless you sell it which is planned after 3 to 5 years/

2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.

This can support the your statement if you happen you get regular profit from trading.  It is indeed have more risk but this risk can be mitigated by learning TA and FA and applying them to the trade.

3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

Rather than posting your thought, you could have do some search and read the lots of questions of newbies who got here before you.  You can find out more if you read more and possibly your question can have more depth.

[mvdheuvel1983]

I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

You have the right mindset and perspective towards bitcoin but it doesn't stop there. Your Uncle right now more than the forum still remains the best person in the position to teach you more about bitcoin. You still have a lot more to and you will just as profiting from bitcoin requires a long term perspective so it is with learning about the project.

Bitcointalk is welcoming to all newbies. Make the most of your time while you are here. Goodluck.

[Ever-young]

Did you uncle just knew about bitcoin in 2022? Or it’s just in 2022 that he realize he need to share what bitcoin really is with you? Just asking in other to get the full details of the story.

Everything that you uncle said about bitcoin and how to acquire it is through and at least it’s nice that he made a bold step in telling you the reality instead of lying to you the way others do to their newbies which they invite over to bitcoin community which is the get rich quick scheme.

And since you have been told of what the digital currency is all about, all you have to do now is map out your plan and think of means that you can become a bitcoin investor your self and don’t just be someone who read and learn about it.

[Tuturtinular]

In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

You have joined the right forum mate, here we always talk about bitcoin and love bitcoin. It sounds like your uncle has good knowledge about bitcoin, and it would be nice to have someone who understands bitcoin. My condition is not as good as yours because in my city very few people know about bitcoin so I cannot easily share knowledge about bitcoin. I can only ask and discuss here

But I hope your story is real because sometimes people make up stories to make posts here. Hopefully you can learn a lot in this forum and get profit from your investment

[BitMaxz]

Buy BTC and hold until the next block halving is a good suggestion from your uncle for long-term investment but the only problem is we do not know if we will see the price go to the moon again because Bitcoin these days is regulated compared to before.

About trading, yes it's risky for a newbie or those who don't have trading skills but you can lessen the risk if you study technical analysis and learn how to use stop-lose.

And the last part about mining it seems your uncle didn't explain it well.
Mining Bitcoin needs ASIC units to mine a block.
Blocks contain 6.25 bitcoins as a reward to miners and the transactions they include in the blocks contain transaction fees that would be the miner's incentive.