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Author Topic: I am a Bitcoin novice, somebody help.  (Read 464 times)
Mantumbtc (OP)
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November 27, 2023, 09:45:02 AM
 #1

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.
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Nwada001
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November 27, 2023, 09:50:54 AM
Last edit: November 27, 2023, 10:00:55 AM by Nwada001
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 #2

You will need to do a lot of reading in other for you to learn about bitcoin, it’s simple if you dedicate little of your time.

[General] How to earn Bitcoins
[General] Bitcoin Wallets - Which, what, why?

One thing you need to know is that bitcoin is not a get-rich-quick kind of thing, and there's no time that's too late for you to join. Now that you have made up your mind to start owning bitcoin, you need to start wherever you can. You can start by getting yourself a wallet in which you can save your bitcoins, and you can start DCA in order to accumulate what you can before your desired time.

Read and learn about how to protect your wallet, as you are your own bank. If you mess with it, there is no means of recovery, and if you are careless with it and your key gets in the wrong hands, your holdings will be gone.

Buying and holding bitcoin is safer when you hold it in a wallet that you have control over; saving in exchange is highly advised against. Below are a few bitcoin wallets that are also recommended for use in this forum, as well as many other ones.

Electrum official link: https://electrum.org/#home
Download link: https://electrum.org/#download
Blue wallet: https://bluewallet.io/

R


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minoxpro
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November 27, 2023, 09:53:58 AM
 #3

Welcome to this my forum brother , yes truly betcoin is a good project actually and it will be in the future , for a good beginning you can use this forum by posting everyday or when you have time to do it just for fun . Your activities will rise every 15 days , you must upgrade your level , when you achieve full member you can start your real project by finding a signature compagne.. , or bounties , this forum offers you many chances and opportunities,  Good luck to you .
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November 27, 2023, 10:18:31 AM
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 #4

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.

You're welcome to the forum, I'm also very new to the business, but still a bit older than you so that puts me in a position to give you some pieces of advice. My few weeks on the platform has really changed my vision and thoughts about things, I've learned a lot, although still have more to learn because we learn evryday and learning never stops. I can't teach you everything about Bitcoin because I myself don't know everything but from the little I know, I believe I can give some good tips as a newbie in the Bitcoin adventure.

1. LEARN ABOUT BITCOIN
you need to learn as much as you can about Bitcoin, you'll not be told everything here so you can't rely on one source to learn about Bitcoin, read books, watch videos, look for helpful articles and PDFs that'll give you more insight about Bitcoin.

2. START LITTLE
If you ever feel that with the knowledge you've gathered, you're ready to start investing in Bitcoin, as a newbie I'll advice to start with little amount until you've really understood the market then you can put in more money.

3. KNOW THE NATURE OF BITCOIN
You need to be familiar with the fact that Bitcoin is a very volatile asset so before you start investing you need to be ready for the ups and the downs. Sometimes you'll experience a DIP, in times like that you should remember that there has been times in the past that Bitcoin has experienced even greater DIPS to help you overcome the fear and anxieties of a DIP and to also help you make the right decisions of never selling during a DIP, and also when you experience a Bullish Trend in Bitcoin, you shouldn't always expect the market to always be like that, else you might end up being disappointed.

4. STORE YOUR BITCOIN SAFELY
I'll also advise that you look for a very safe wallet to store your Bitcoin, such as a Hardware Wallet. ( Highly recommend). Because that's the primary thing, if you're jeopardize the safety of your Bitcoin then you jeopardize everything as well, including the safety of your investment.

5. WATCH OUT FOR SCAMMERS
Scammers are working tooth and nail everyday, coming up with new strategies and innovative technologies just to swindle people's hard earned money so you need to equip yourself with enough knowledge regarding how to avoid being scammed because if you're not careful you can loose your funds to a scammer in a twinkle of an eye.

6. LEARN HOW TO DCA
DCA simply means Dolar-Cost Average. As a Newbie, you might feel Bitcoin is very expensive now and hard to invest in, if you're thinking that then DCA method is for you, with DCA you can store up enough Bitcoin without breaking a sweat. It's process where you simply a bit of your income, be it on daily, weekly or monthly basis, you can choose a percentage of your earnings and use it to buy Bitcoin, just like putting money in a piggybank and before you realize it, you must've saved up enough Bitcoin for yourself, rather than waiting to have the money in bulk before you can invest.

And it's never too late to invest in Bitcoin, everytime is the right time, so if you have plans to invest, don't let anything stop you from joining the moving train.
There goes, I hope these tips would be of help to you.
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November 27, 2023, 12:45:35 PM
 #5

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.
May your journey in this forum be fruitful. You may have been inspired by your friends to join this forum wanting to learn about Bitcoin. You have already provided link information about Bitcoin. Make sure you are interested in what you are doing. Keep a positive mindset and be persistent in your efforts. Remember that success does not happen overnight, but with effort and hard work you can achieve your goals. Ask questions as needed in this forum with willingness to learn. There may be a lot of technical terms and complex concepts, but don't hesitate to ask for clarification and take the time to understand. Also be respectful and courteous to other members, as fostering a positive and collaborative community will ultimately benefit everyone involved. While you engage with forums and learn more about crypto, consider doing your own research as well. Good luck on your bitcoin learning journey!

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BIT-BENDER
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November 27, 2023, 01:19:38 PM
 #6

OP @Nwada has giving you some great links you can definitely learn the basics of Bitcoin but I would add you focus on your safety and security in/while using Bitcoin because it's easy to lose your Bitcoin if you drop your guard. To stay updated about Bitcoin here on the forum you can pay attention to the Bitcoin board on this forum
https://bitcointalk.org/index.php?board=1.0

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petulino
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November 27, 2023, 01:21:33 PM
 #7

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.
its Require an investment to comprehend the fundamentals of how Bitcoin functions its innovation for instance blockchain and its beneficial advantages. There are such large numbers of web-based assets and recordings that can give you a strong data
you can creat a wallet To communicate with Bitcoin This can be an equipment wallet or programming wallet or utilize likewise a versatile wallet. Each type enjoys its own benefits so pick one of them and check with your inclinations and security then Think about making a little interest in Bitcoin to get involved insight. You don't have to put an enormous sum in first time. This will assist you with understanding how exchanges work and figure out the market
after that you really want to remain refreshed from business sectors and furthermore join crypto camunity for data about crypto. ideally thise will help you in your beginning process

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SatoPrincess
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November 27, 2023, 02:27:09 PM
 #8

You’re right, it’s never too late to start learning/investing in bitcoin. Welcome to the forum, there’s a lot you can learn here if you put your mind to it. Use the forum search engine to find the answers you need. The above users have already given you links to forum threads that will help you on your journey. There are also resources outside the forum that can be of help to you;

https://github.com/bitcoinbook/bitcoinbook#chapters]
https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information.html

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Don Pedro Dinero
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November 27, 2023, 02:50:55 PM
 #9

What you should learn to do is to be autonomous and make a living for yourself. You will do better than if you expect others to do the work for you and give it to you. You have registered on the forum, haven't you? Then you know what you have to do? Use the forum. Explore the different sections, look at the ones that interest you most, read threads and comment on the ones you find interesting.

That way you will learn about the forum and bitcoin in general.

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November 27, 2023, 02:54:27 PM
Last edit: November 29, 2023, 04:21:05 PM by Promocodeudo
 #10

OP, I welcome you to this prestigious forum, this is where people discuss Bitcoin related matters as it is and alternative cryptocurrency too, mate, I must tell you that you are in the right place depending on what you are here for, in the aspect of coming late, I don't think that you are late, is just that may be you didn't get the interest earlier than this time, but I believe that in this journey any day you start investing is the day your journey began, so feel free to be here, make yourself comfortable, bitcoin investment starts with you, me and everyone, your stay here matters to us, but in the area of investment, you have to learn and be knowledgeable about bitcoin before you can invest in it, bitcoin is an innovation that you have to be very careful about if not once you lose access to your wallet which is where bitcoin is been kept your bitcoin will be temporarily gone until you access it again that's if it is possible, after the knowledge you can invest the amount you can afford to lose, there are different investment plan in Bitcoin, so you are free to choose the one that you can fit in.

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November 27, 2023, 03:15:28 PM
 #11

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Learning about bitcoin is not a difficult task to do if you're also ready and willing to meet up the demands that such may requires, you need to be active, create time to learn from the forum and read through every recommended threads given to you, you also need to make use of the forum search button to look for more areas that had been discussed and learn from, the internet is another avenue to learn, do much of research and findings, read more often than making posts for now, learn about the forum rules and regulations to maintain your stay here, then learn from experienced members from bitcoin discussion boards.

R


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SamReomo
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November 27, 2023, 03:30:21 PM
 #12

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.

If you are new to this forum then I warmly welcome you to one of the best forums in the world. You don't need to worry because on this forum you will learn everything about Bitcoin. There are so many threads that teach you about Bitcoin, I would recommend you to check the pinned threads in Beginners & Help board to learn basic details about Bitcoin and Bitcoin wallets as that would be a great starting point to begin your Bitcoin Journey.

Bitcoin is already a major project and in future it will see more potential growth as the project has great support from the community and is growing each day. I would recommend you to learn about Bitcoin in detail before investing in it and I also recommend you to learn from the mistakes of others. There are so many detailed posts on this forum that will guide you about DCA method of investing in Bitcoin. I would say that you'll get enough knowledge in few days if you are hard-working and you can give time to learning. Best of luck from my side.

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November 27, 2023, 03:34:40 PM
 #13

With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.

FYI Bitcoin is already a major project globally that’s why there’s already a country that use it as legal tender such as El Salvador while US and other major country already have an ETF for Bitcoin.

There’s tons of institutional investors that already invested heavily on Bitcoin that only prove how big it already. Always refer the price chart long term to see the pattern every cycle to give you an idea how early still we are yet Bitcoin is already have a name globally.

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November 27, 2023, 03:48:36 PM
 #14

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.
Good thing that you have asked this question at the right time. I hope you are able to see this. There is a free resource for you which Andreas Antonopoulos is giving out for free. It is his book the The Internet of Money Volume 3. You can download it for free on his patreon website. It is a starter for newbies. Here is the link - https://www.patreon.com/posts/93403159. I hope you find it while it is still free. Goodluck.

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BABY SHOES
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HODL - BTC


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November 27, 2023, 03:54:04 PM
 #15

You here will learn a lot about bitcoin some members have given you a link basic understanding of bitcoin and its benefits there you can take the time to read in detail, you also here can see a lot of discussion about bitcoin with various arguments from each individual.

You are never too late even though the price of bitcoin is high, but you can still learn from now on and in the next few years you will understand all the concepts and thoughts about bitcoin. So learning will guide you a lot.

Never forget that since you are new here you have to abide by the forum rules: Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

One more message if you already know bitcoin and invest it then never keep it in an online account: Reminder: do not keep your money in online accounts

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Faisal2202
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#SWGT CERTIK Audited


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November 27, 2023, 04:35:02 PM
 #16

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.
First of all most welcome on this forum and I am glad you have friends who lead you to this forum and make your time worthwhile instead of convincing you to waste it on useless things like on Snapchat like shits. I am saying this because, in today's world, friends with a good mindset are so rare they will come up with ideas to waste life and time but never will lead you toward anything good.

Bitcoin is not going to be a major project in the future but it is already a major project, in simple words, BTC is the king and the first coin made ever. All other currencies are known as ALTs and that's for a reason. I will suggest, if you want to have a place in BTC bull run then buy some, but don't spend money by borrowing money or spend only what you don't care to lose. This line might be confusing for you, but believe me, it does not mean we BTC investors don't care for money.

We do but I meant to say only invest that money that if lost, will not affect your life.

Crypt0Gore
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November 27, 2023, 04:42:48 PM
Merited by DVlog (2)
 #17

You need to spend a lot of your time on this forum then, I like the fact that you need you will be earlier than some people in the future, many newbies don't get this so they quickly give up on Bitcoin.

The reason I suggest you should take your time reading on this forum is because you will be able to know the risks involved in crypto space, there are many ways scammers are scamming newbies because they don't know, the lack of knowledge can make you fall into the hands of scammer, any small mistake, all your BTC will be stolen.

The fastest advice I can give you goes as follow..

1. Have a job that's bringing you some money, there is no mercy for jobless people in crypto space, with money things will be a bit easier than not having at all.

2. You need a lot of patience, zero your mind from desire to make money for now, focus on learning, and if you want to hold anything as a beginner I suggest you should buy Bitcoin.

3. Before you start buying anything, you need to choose a crypto wallet, so research on open source wallet, non- custodial means you are in control of your recovery seed or private key, if you don't know what these are it's part of the reason why I said you need a lot to do research on.

4. From the money you are making from your job, you should use some percentage to dollar cost average into Bitcoin, maybe per week or month, which ever is convenient for you.

Do more research on how to keep your crypto wallet safe from hackers and scammers and also make use of the search engine on the top right corner of this forum, many questions you have might already be answered, type in anything and read through them to gain more knowledge..

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DYING_S0UL
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The Alliance Of Bitcointalk Translators - ENG>BAN


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November 27, 2023, 04:50:11 PM
 #18

Welcome to Bitcointalk. Check these threads, these might be of help. Everything is titled and listed below accordingly.

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
Newbies - Read before posting
Posting technique
Merit and rank requirement
Make Your Topic Title, Posts More Attractive
Topic Title Style Guide
[Guide] Searching effectively

Also, here are some links if you wanna learn more of Bitcoin.

https://github.com/bitcoinbook/bitcoinbook#chapters
https://bitcoin.org/en/bitcoin-paper
https://www.bitcoin.com/get-started/

Take your time, don't try and consume them all in a day.

AoBT
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JunaidAzizi
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Love Bitcoin🖤


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November 27, 2023, 05:09:29 PM
 #19

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.
Welcome to the forum mate.
When Satoshi created Bitcoin he created this forum to talk about the Bitcoin system to understand it and if any error comes, to solve it. Now the forum is very wide and there are many rules and rank systems. There are ranks from newbie to legendary, and to grow your rank you need to earn merits. But the question is how to earn merits so there is a very simple way for this you can write a quality post that engages people and sparks information or news and when someone loves your post he or she will merit your post. This is a simple way of earning merits. Below I am giving you the links to the rules and the system before doing anything in this forum, just read these two links.
1 ›https://bitcointalk.org/index.php?topic=178608.0
2 ›https://bitcointalk.org/index.php?topic=703657.0
SmartCharpa
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November 27, 2023, 10:39:03 PM
 #20

I am new in this forum. My friends always talk about this forum and Bitcoin. I want to know about Bitcoin and how to benefit from it.
With the way people talk about Bitcoin, it shows that Bitcoin will turn to a major project in the future. I just want to have a place now. Even if I am late, I know in few years time, I will be earlier than many people.

Please I need help on how to learn Bitcoin and grow here. Thanks.

Bitcoin has undoubtedly begin to grow into a major project, but we think bitcoin will be greater than this in the future. You are highly welcome to this forum, which is the greatest place for you to learn about cryptocurrencies. If you mean to learn about bitcoin, this is the best place to learn. You should thank your friend for introducing you to this forum, because he is the one who knows what's best for you. Everyone who is knowledgeable about, before making an investment, you should be aware that there are risks involved. You won't start investing in bitcoin and hope to profit within a few days; instead, my recommendation is to hold onto your bitcoin for as long as possible in order to make more profits.

R


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