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Author Topic: Finally I did it (I am happy to join).  (Read 1904 times)
Su-asa (OP)
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December 07, 2023, 06:07:08 PM
Last edit: December 08, 2023, 07:48:48 AM by Su-asa
Merited by Makus (6), The Cryptovator (5), Odohu (5), DubemIfedigbo001 (5), Hewlet (5), adultcrypto (4), fillippone (3), Agbamoni (3), Richbased (3), Samlucky O (3), tabas (2), LogitechMouse (2), Halab (2), OrangeII (2), PrivacyG (2), Mate2237 (2), DaNNy001 (2), Promocodeudo (2), Darker45 (1), DdmrDdmr (1), cafter (1), Out of mind (1)
 #1


I wanted to buy my first Bitcoin in the month of October but, based on some personal issues, I tried not to invest at that time.
However, that was the best time to buy some Bitcoin, but still, today I have finally bought my first Bitcoin. It is quite hard to do this, but I finally did it.
on this thread, I talked about my plans on how I can buy Bitcoin monthly, but I finally changed the plans, so I have save enough money through the help of my business (I have cars that I use for bolt business and I am making good profits from it).
Although I bought my first Bitcoin through a P2P transaction with an exchange wallet, after receiving my first coins I have to resend them to an electrum Bitcoin wallet because it is safer.

With the names above, I was so encouraged to buy Bitcoin and hold it for a long term.
@Distinctin, @m2017, @Peanutswar, @wxa7115, @wxa7115, @TheUltraElite, @Minecache, @lovesmayfamilis, @Lorence.xD, @Nrcewker, @Blitzboy, @lranus, @Darker45, @adzino, @CryptoHeadlineNews, @Ultegra134, @gunhell16, @rachael9385, @aylabadia05, @tabas, @CryptopreneurBrainboss, @Cryptomultiplier, @Lucius, @cryptoaddictchie,@Jawhead999, @tbct_mt2,Z-tight, @Yamane_Keto, @Out of mind, @Oshosondy, @mocacinno, @Dave1, @Makus, @Mr.right85, @serjent05, @Potato Chips.

With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.

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Asiska02
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December 07, 2023, 07:05:47 PM
 #2

Congratulations on your bitcoin purchase. Having some investment in bitcoin as the halving and bull run season is approaching is very appealing to oneself. You’ve made the right choice to move your bitcoin to a decentralized wallet for complete ownership and control of your funds. Now that you have the keys to your coins, keep them safe and do not allow anything to infiltrate your wallet. Security and privacy is key to every bitcoin hodler, you should keep things private going forward and not show anyone how much you’re worth.

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December 07, 2023, 07:49:04 PM
 #3

With the names above, I was so encouraged to buy Bitcoin and hold it for a long term.
@Distinctin, @m2017, @Peanutswar, @wxa7115, @wxa7115, @TheUltraElite, @Minecache, @lovesmayfamilis, @Lorence.xD, @Nrcewker, @Blitzboy, @lranus, @Darker45, @adzino, @CryptoHeadlineNews, @Ultegra134, @gunhell16, @rachael9385, @aylabadia05, @tabas, @CryptopreneurBrainboss, @Cryptomultiplier, @Lucius, @cryptoaddictchie,@Jawhead999, @tbct_mt2,Z-tight, @Yamane_Keto, @Out of mind, @Oshosondy, @mocacinno.

With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.
I just wish i had an extra smerit, I would have given you for your brave step into investing in Bitcoin. But moreover, I must commend, I feel honoured to be mentioned as one of those who did courage you into purchasing this your first Bitcoin, as it is indeed good move in the right time, as Bitcoin has been recently noticed to skyrocket within the past few days, and yet has a higher tendency to gradually continue to almost $50k (i.e mere speculation).
While secondly, I must recommend you make security your top priority, by storing your wallet 12 words Seed phrase in a well secured place, while avoiding to click any link you don not understand to avoid been hacked. Because $1429 is a very huge sum to be kept carelessly



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December 07, 2023, 08:24:16 PM
 #4

I talked about my plans on how I can buy Bitcoin monthly, but I finally changed the plans, so I have save enough money through the help of my business (I have cars that I use for bolt business and I am making good profits from it).
DCA is good cause it means you would have gotten your bitcoins at a much cheaper rate, but buying in bulk means you avoid paying repeated transaction cost and exchange fee to buy and withdraw.

Remember to back up your seedphrase in more than one location, to not have a single point of failure.

- Jay

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Jating
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December 07, 2023, 08:31:51 PM
 #5

Congrats on your purchase, I think this is a perfect time to still get inside the market and buy one time. It could also be done by using the DCA method. But it seems that you doesn't want to do obviously as you have the capital to buy in bulk.

Just remember though to protect your bitcoin at all cost. Maybe the next best thing for you is to learn and practice safety here.

Hopefully, you put your BTC on a Non-custodial wallet, a wallet which you have total control.
Ryu_Ar1
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December 07, 2023, 08:45:03 PM
Merited by JayJuanGee (1)
 #6


I wanted to buy my first Bitcoin in the month of October but, based on some personal issues, I tried not to invest at that time.
However, that was the best time to buy some Bitcoin, but still, today I have finally bought my first Bitcoin. It is quite hard
With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.
Wow. That's a pretty big first purchase buddy because if you look at the conversion of the amount of bitcoin you bought at the current price it's more than the $1000 you spent to buy the first time today.
But congratulations on your first purchase at this time because even though the current price is still quite large but I think it doesn't matter if you are serious about investing in it especially for the current price of bitcoin will definitely be even higher than before.
But on the other hand, don't let this be your first and last purchase. There are some good strategies if you are serious and have money that is not too used with DCA or buy on the dip I think it can be a good method for your next purchase.

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mcdouglasx
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December 07, 2023, 09:01:46 PM
 #7

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300, therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.

I'm not dead, long story... BTC bc1qxs47ttydl8tmdv8vtygp7dy76lvayz3r6rdahu
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December 07, 2023, 09:22:36 PM
Merited by Z390 (2), JayJuanGee (1), Miles2006 (1)
 #8

Although I bought my first Bitcoin through a P2P transaction with an exchange wallet, after receiving my first coins I have to resend them to an electrum Bitcoin wallet because it is safer.


I would say this is a great idea by you to go into full custody of your bitcoin by choosing an electrum wallet. The wallet is more secure than centralized exchanges like binance, just be sure you keep your seed phrase safe and store it online to avoid it been stolen. As for the device in which the wallet is installed make sure it is free from malware or viruses and avoid all clicking unnecessary links to avoid phishing attack. To over this device problems I will advice you consider purchasing an hardware wallet like passport.

Also take note of your privacy, you do not need to disclose this current picture showing your bitcoin.

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300, therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.

Don’t feel bad about your choice, anybody can make same choice once, at least we you something to turn to in terms of need. In future I will advise you use any amount that you don’t need and not probably your emergency funds so that you don’t turn to bitcoin every time you need money. The longer you hold the more the better and the more gain you will gain

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December 07, 2023, 09:27:46 PM
 #9

Congratulations on your very first purchase. You just have to be consistent in DCAing because when everybody is telling you to do so and you have obeyed, you're also the one that shall take that result that's beneficial for you.

I had 2 btc when their price was less than $200, sadly my situation forced me to sell them at $300
That's sad but as long as you are able to use it when it was $300 and it has helped you by that time, I know that it sucks when the price is higher today compared to that time and it's way higher, there's nothing you can do now but to buy back and take the experience.

therefore I came to the conclusion that if we do not have economic stability we will not be able to maintain it in the long term.
but without a doubt it was a great investment.
It is true and that's the reason why you need to use your spare money or amount that you can take whatever happens.

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December 07, 2023, 10:05:20 PM
 #10

Wow, I can't believe I was mentioned seems like a privilege.  Tongue

With the help of the above names and those that I didn't mention, I was encouraged to start the investment as soon as possible.
Su-asa, congratulations and that's a good step that you have taken the advice of many from here. That's because it's not always that there have been good advises but nobody takes it seriously. But you are different, you have taken our advises and you have bought it while we're not yet on the halving. I think that you need to maintain this practice because whatever you're feeling right now or what level of happiness is in there on you, maintain that. This time, there will be ups and downs on this market but just enjoy it and endure all the pains and negatives that you might feel because they're part of it and essentials to survive into this market.

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Captain Corporate
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December 07, 2023, 10:11:24 PM
 #11

Kudos mate! This is the start, may there be many many more bitcoins in the future and fewer (hopefully zero) hurdles along your way. The toughest part is to understand that investing in bitcoin is a great idea, there will be moments where it will feel hard to hold, the price will fall and many things will happen, but if you can weather the drops and the crashes, then as long as you hold it then you will make a profit. Thats the good thing about bitcoin, there is very very few people doubt its future, as long as you hold it, eventually you will be happy that you bought it, and other are not many investments like that in the world, it should be a very proud moment for you.

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The Cryptovator
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December 07, 2023, 10:23:36 PM
 #12

Congratulations and welcome to the Bitcoin community. It was good to see that eventually you bought your first bitcoin, and your buying experience was good. I am glad to see that you moved your bitcoin to Electrum, which is a non-custodial wallet. In the future, try to buy a hardware wallet when you can afford it. Because a hardware wallet is more secure and doesn't cost much lately. I assume you will buy more bitcoin and increase your portfolio this way. Make your own Bitcoin investment strategy, which will help you build your portfolio the right way. Don't regret it, and hold tight if you see Bitcoin start dumping.

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December 07, 2023, 10:23:49 PM
 #13

Just remember though to protect your bitcoin at all cost. Maybe the next best thing for you is to learn and practice safety here.

Hopefully, you put your BTC on a Non-custodial wallet, a wallet which you have total control.
OP bought it at Binance and it's likely that that bitcoin is going to be staying there for awhile but I assume that OP has already done his research about having a non-custodial wallet so hopefully OP did have some research about it to store somewhere. That's a hefty sum of bitcoins that OP bought for such a high price in the market, hope that he's going to HODL for long and at the same time get the profit that he deserves for hodling that long. To OP, heed @Jating's advice about creating a non-custodial wallet for your bitcoin storage.
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December 07, 2023, 10:53:21 PM
 #14

It’s a shame that you weren’t able to buy in your initial plan where the price was significantly lower but no matter at least you have invested already! keep your holdings safe seeing that you are keeping your wallet in your phone make sure that your phone is free from dangers both internally and externally you don’t want your phone to be infiltrated and you also don’t want your phone to be stolen congratulations and may we all reap profits!

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December 07, 2023, 11:00:27 PM
 #15

Congratulations, OP, on achieving your goal, even though we will continue to advise you to acquire more Bitcoin using the DCA approach to add to the amount you already have. It's not always simple to invest your money in Bitcoin, but you were willing to make sacrifices for a better future for yourself. I wish you the best and hope you maintain your Bitcoin for a long time, because Bitcoin has a future plan. Do not panic and sell quickly after the halving, but do not be greedy either.

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December 07, 2023, 11:00:58 PM
 #16

Congratulations on your first bitcoin purchase. It was really not an easy decision for you to make, but you still pulled it out. One thing that interests me the most is that you moved it over to a self-custodial wallet where you can be in charge of your own security.
 
But how do you manage to withdraw from Binance with the high rate of fee that they charge more than usual this period? With the rate of transaction fee, I can see the need for buying in bulk rather than the normal DCA because the fee alone can be almost equal to what the person is buying.
 
Next time, if you want to buy more, you can use Dex exchanges to make your purchase; their fees are relatively lower than what CEX charges for a single bitcoin transaction. Congratulations on joining the Hodlers family.

R


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December 07, 2023, 11:27:36 PM
 #17

Congratulations Su-asa and welcome to the club! You made quite a big purchase for a first timer. I guess waiting all those months really paid off. I suggest in the future you do DCA to find a good buy entry. I applaud your decision to move your bitcoins from the exchange to your Electrum wallet. Many beginners make the mistake of leaving their coins in Cexs. Glad to see a newbie starting the right way.

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December 07, 2023, 11:35:54 PM
 #18

Well, first and foremost, congratulations! It's great that you've made up your mind, and thankfully, you didn't listen to those who say it's too late to invest in bitcoin now. Anyway, good luck on your investment journey. I know you understand the risk you're taking, and we are proud that you like that risk. Just keep holding that asset you have. I'm sure your investment will be rewarded. Although I have satoshis now, I still want to save up or do DCA to bring a full bitcoin. That is my goal, so we are the same; we are investing, and with the help of the forum, we could decide what we will do. But the thing is, you should always be careful, as you should not just buy and buy because you need to consider a lot of things, such as the position or price where you will bring a bitcoin.

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December 08, 2023, 12:26:59 AM
 #19

Congratulations to you, indeed the journey is not an easy one buy you took a bold step by pulling the trigger. One thing is to hear another is to do. It is easy to say than don but indeed you really prove to many that all what they say, is not a waste of time and efforts. Many old members here have not taken this bold step you've done, despite your not into signature campaign. Because many here will never use there money to invest in bitcoin except for signature campaign weekly payments. you have done well, it's an encouragement to many who always protcastinate.

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December 08, 2023, 12:31:44 AM
 #20

https://talkimg.com/images/2023/12/07/Nq5Cf.jpeg
Although I bought my first Bitcoin through a P2P transaction with an exchange wallet, after receiving my first coins I have to resend them to an electrum Bitcoin wallet because it is safer.
This is a big win OP! With you just doing this, you understand your assignment, and you know how safe centralized exchanges are, so it's good for you that this is your first action after you bought your Bitcoin.
And maybe next time there will be P2P platforms that will not use a centralized exchange like Bisq.

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