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Author Topic: All thanks to my family they contributed and bought bitcoin for me  (Read 703 times)
fuguebtc
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December 15, 2023, 01:46:28 PM
 #41

The thing that gets me depressed the most is when I hear about the halving next year and how bitcoin prices may be influenced positively. I wish i could just have some amount of Bitcoin. However, seeing the price of bitcoin now i became restless if the price will soon go higher and i may not afford it.

What you were experiencing earlier is known as FOMO (Fear of missing out), I hope you do not panic when the price suddenly dives. In such situation you should stay calm and remember Bitcoin always bounces back.

I was also about to say this, what I feel is that the OP is just being Fomo because he has seen the price of bitcoin continuously increasing for the past 2 months, and he is afraid of missing the train. Although the halving is approaching and bitcoin's recovery is natural, I believe that bitcoin will soon have a correction and even strong shaking. I hope OP will hold on to his bitcoins and not sell in the coming panic. He is enjoying the joy of owning bitcoin and I don't want to disappoint him but investing without knowledge and Fomo is very dangerous.

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December 15, 2023, 02:04:48 PM
 #42

This is possibly one of the most ridiculous post I've come across today, good thing this forum does not censor underaged posters and possibly stop them from signing up or posting, else, I think op is totally an underaged poster.

Anyways, congratulations to you @op, I am not saying it's wrong for your parents to buy bitcoin for you, but what I meant by what I said above is that, not every thing that happens in your private live you post on a public forum like this, and it's not mandatory you create a thread here is you don't have something really good to discuss, telling us your parents gave you money to buy bitcoin is completely childish, and to even know that you can't still buy the bitcoin yourself but you are waiting for a friend to come help you buy it - makes me wonder what exactly you have learnt since you joined this forum.

Anyways, best of luck to you, and hope you don't end up being scammed by that so called friend of yours

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December 15, 2023, 02:07:20 PM
 #43

Seeing how curious i am they helped me with some amount in my local currency so i used it to buy Bitcoin.
Sometimes when something which has taken other people a while to achieve is freely gifted to others, they may not value it so much like the people who have worked for it because of the ease with which they got it. In this case, the better hodlers are people who have passed through all the obstacles and hurdles coupled with trying to get and hodl bitcoins after they have invested.

@OP, Don't become the investor in bitcoins who does not value hodling because they did not spend their own money to get the investment that they have now. Be a committed hodler who wants to have results, so the people who invested in your dreams will be proud that they helped you.

 
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December 15, 2023, 03:35:19 PM
 #44

Congratulations on achieving your dream! It's fantastic that your family is supporting you. Now that you have Bitcoin, the next step is to learn more about it, especially the security aspects. With your funds in hand, it's crucial to discover how to keep them safe so they won't be taken away. By understanding the security measures, you can watch your Bitcoin investment grow without worrying about theft.

Here's a friendly piece of advice. don't panic and sell if you see the Bitcoin value decreasing. Markets can be unpredictable, but as you continue to learn about Bitcoin, you'll grasp its patterns better. Take the time to explore and absorb information, ensuring you make informed decisions about your investments. Keep learning, and your Bitcoin journey will become even more exciting!

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December 15, 2023, 04:02:45 PM
 #45

This is so nice to hear OP! Im glad that youre family are supporting you in your bitcoin journey.
I just hope that you explained to them everything ang they are not expecting immediate return. Or that they dint have high expecfrom you.
that’s why personally, i believe not to share to others what your plans unless you are certain.Anyway they are your family and i think it’s another story.

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December 15, 2023, 05:22:12 PM
 #46

I don't want the year to come to an end without having any Bitcoin. I have seen a lot of people here talking about their bitcoins and how their investments are going. The thing that gets me depressed the most is when I hear about the halving next year and how bitcoin prices may be influenced positively. I wish i could just have some amount of Bitcoin.

If the bitcoin halving is what is making to invest in bitcoin now on how the price is going to go higher, then why not invest more till another halving? You would be surprised to see how your investment will boom to the moon. I am sure you are not a long term investor that much, you can invest for the next halving and you will as well get a good profit from it if you wait till bull run after halving have taken place.

Quote
]However, seeing the price of bitcoin now i became restless if the price will soon go higher and i may not afford it. So i pleaded with my parents if they could support me. Seeing how curious i am they helped me with some amount in my local currency so i used it to buy Bitcoin. Help me thank them for what they have done for me. Am so happy right now.

This is what every parent will want to do for their child when they have the means of doing it. Investing in your childs positive dream is an investment in yourself when you think deeply about it. If the investment goes well, you’ll all benefit from it even at a later time when you’re not more strong to provide for the family again. Your determination and persuasive words made your parent believed in your dream and invested in you. For choosing to invest in bitcoin for you, they did the right thing. Do learn the basics of holding bitcoin, secure your account so that your investment will be save for years to come for how long you prepare to keep it.

Though it good for family members to aid you in achieving your dreams but however I don't see it as tangible enough for a contribution for an investment of this nature because I know how you must have tried to convinced them before they were able to put it in consideration and decides to contribute money for you to buy Bitcoin.

It is a tangible achievement they have done for him, not all parents do invest in their child and for it to be bitcoin, they have done well of an investment in their child. This is not about the child only but for the whole family. I see no reason why it shouldn’t be celebrated or the parents praised for what they have done for the child. The end goal is stack up some bitcoins legally, how to get the legal funds shouldn’t be a huge issue if you have one that can give.

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December 15, 2023, 05:40:43 PM
 #47

You are lucky buddy having supportive family members is a kind of blessings. They always with you and they give you mentality economy. They give value what decision you want to take. End of all you are lucky to have supportive family members member. In many family they don't obey their children's decision they force what they like to do. But you get different. Best of luck and go on.

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December 15, 2023, 05:57:35 PM
 #48

I think there is a tendency to look at bitcoin as a kind of financial lifeline, and it has that quality, an example is you, you are allowing yourself to "invest" in an asset that gives you possibilities of profit, but the best thing is to be able to hold bitcoin for the whatever you want and spend it how and when you want, even send it 24/7/ 365 (*although some conditions currently apply... Smiley )

So, also think about financial "freedom", which not only implies the power of money, but also the decision and control over your money.


...//....Thank you mom, Thank you dad...
Well done, of course, this young man who will one day work, and pay your parents, even if bitcoin does not give him the returns.

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Dr.Bitcoin_Strange
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December 15, 2023, 09:34:58 PM
 #49

@OP, First, I am wondering how old you are and what your occupation is. If you are actually a full-grown adult, that means you are supposed to have had a job you are earning from, which will allow you to invest your own money in Bitcoin without the help of your parents. If you don't have a job that you are earning from, that means you might end up selling off your Bitcoin when you have some needs.

Never the less, if you are actually telling the truth, I will encourage you to also try to get a means you can earn from because that is what will help you invest more in Bitcoin.

 From the receipt you uploaded, there is no amount, and we don't know how much you invested, but if you actually invested only $50 or $100, then you will not actually make any significant profit, which is why I say you need to get your own source of income to be able to invest more frequently and be able to accumulate more Bitcoin that can generate a huge profit for you.

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December 15, 2023, 11:22:01 PM
 #50

This is great news and you’re lucky to have a parent that cares for you and really supported you in your investment goals. Being proud of your parent is the best thing to do as they are all you got even when the world turns their back on you. Try and keep your bitcoin save in a decentralized wallet to make sure that you have the private key to your fund to avoid theft. Waiting for your friend to help you and buy some bitcoin shows that you are still a newbie in this field, take your time to learn and understand everything by yourself.











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December 15, 2023, 11:27:54 PM
 #51

I don't want the year to come to an end without having any Bitcoin. I have seen a lot of people here talking about their bitcoins and how their investments are going. The thing that gets me depressed the most is when I hear about the halving next year and how bitcoin prices may be influenced positively. I wish i could just have some amount of Bitcoin. However, seeing the price of bitcoin now i became restless if the price will soon go higher and i may not afford it. So i pleaded with my parents if they could support me. Seeing how curious i am they helped me with some amount in my local currency so i used it to buy Bitcoin. Help me thank them for what they have done for me. Am so happy right now.



This is the amount in my local currency i believe it will get me up to 90 dollars of bitcoin. I am waiting for my friend who will help me buy it by the weekend.

Thank you mom, Thank you dad. And thank you Bitcointalk.
I'm still searching for reason why needed aid from your parent? when they can be investors themselves ?  because since this is their money then they are the one who must be fulfilling dreams here.

you must act for yours mate, try to gain own money to invest in Bitcoin because that is the full success if does.

____________________________________________


Yet I support your initiative and the help of your parents , congratulations and  welcome in HODLING family mate.

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December 15, 2023, 11:48:46 PM
 #52

This is the amount in my local currency i believe it will get me up to 90 dollars of bitcoin. I am waiting for my friend who will help me buy it by the weekend.

Thank you mom, Thank you dad. And thank you Bitcointalk.
I am not trying to being more skeptical here, but kids is an African money transfer app that I think you can use to send money locally and internationally. And I don't think if there is any BTC buying option in KUDA app. I did not used it till now but I visited the website and saw some features and the app itself I did not saw any btc buying method but we can buy US stocks.

Maybe I am wrong here but you picture also not verify that you have bought any BTC or not. As there is no btc address, BTC amount or hash written in the details of yours. Or the case is you just get payment from your parents kuda to your kuda app and still not bought any BTC yet?

By the way if your case is legit then I am happy about you and how your parents and even friends are helping you. It is a good thing but in the obsession of buying more BTC don't borrow money with any interest rate so you don't have to face extra problems when BTC will not so what it has to do (increase it's price)

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December 15, 2023, 11:50:32 PM
 #53

Thank you mom, Thank you dad.
Your parents will be back to ask you in a few years about these investments they have made for you. If it is good and has become profitable by then, they will be really proud of you and also may develop an interest in knowing what bitcoin is seeing how profitable it is for their son, they will also be willing to support you more if you require it, but if you fail, and then squander this investment, becoming unable to show results of profit when demanded for in a few years' time by your parents, they will be really disappointed, and see bitcoins as a wrong investment. For the sake of this, I please beg you that you do not fail your parents.

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December 15, 2023, 11:59:03 PM
 #54

A friend will do it for you?

Check your friend because not all friends are to be trusted when it's about handling money and doing transactions. I'm saying that you should always verify if someone's intention is to help you.

And apart from that, you should know what you're doing and how to do it on your own because you should be the one responsible in doing your own investments like buying Bitcoin. It may not be simple for beginners but that's how you should do it because it's not other people's money but your parents.

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December 16, 2023, 11:26:09 AM
 #55

I'm happy that the op is making first steps with Bitcoin and that the family is being supportive. It's true that the price can rise, and then $90 will buy much less BTC than right now. Once you buy BTC, make sure you withdraw it from an exchange (if you buy on a crypto exchange) and store it in a non-custodial wallet like Electrum, where nobody else has access to your money. But keep your passphrase and password (if you set up a password) safe because if you lose that, nobody will be able to help you. People say that $90 isn't a lot, but I'd say it's a good start. Maybe, at some point, you can invest more. And if your plan is long-term holding, it can still pay off significantly (although, of course, nobody knows for sure how high Bitcoin will rise).

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December 16, 2023, 11:49:46 AM
 #56

I don't want the year to come to an end without having any Bitcoin. I have seen a lot of people here talking about their bitcoins and how their investments are going. The thing that gets me depressed the most is when I hear about the halving next year and how bitcoin prices may be influenced positively. I wish i could just have some amount of Bitcoin. However, seeing the price of bitcoin now i became restless if the price will soon go higher and i may not afford it. So i pleaded with my parents if they could support me. Seeing how curious i am they helped me with some amount in my local currency so i used it to buy Bitcoin. Help me thank them for what they have done for me. Am so happy right now.



This is the amount in my local currency i believe it will get me up to 90 dollars of bitcoin. I am waiting for my friend who will help me buy it by the weekend.

Thank you mom, Thank you dad. And thank you Bitcointalk.

It's nice to see that there's still a supportive parents when it comes to money or any financial planning because there are some parents who let you do all by yourself and they don't help you because they want you to learn the hard way without asking any help from them. It's good to know that you have your bitcoin investment, congrats on that! May i know if you want to invest in bitcoin because most people are talking about it? how about the knowledge you have about crypto investment? At least you know the basics, you can learn it through your friend as you've mentioned that youe friend are the one who will help you to buy bitcoin. That's a good start, Congrats again!



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Rainbot
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December 16, 2023, 12:06:10 PM
Merited by Catenaccio (1)
 #57

I don't want the year to come to an end without having any Bitcoin. I have seen a lot of people here talking about their bitcoins and how their investments are going. The thing that gets me depressed the most is when I hear about the halving next year and how bitcoin prices may be influenced positively. I wish i could just have some amount of Bitcoin. However, seeing the price of bitcoin now i became restless if the price will soon go higher and i may not afford it. So i pleaded with my parents if they could support me. Seeing how curious i am they helped me with some amount in my local currency so i used it to buy Bitcoin. Help me thank them for what they have done for me. Am so happy right now.



This is the amount in my local currency i believe it will get me up to 90 dollars of bitcoin. I am waiting for my friend who will help me buy it by the weekend.

Thank you mom, Thank you dad. And thank you Bitcointalk.

First and foremost, you should have censored your transaction ID to have some privacy. But I guess it’s too late now as there are more readers already seen your screenshot and may have silently saved it.

But yeah how I wish our families are supportive when we are about to start our Bitcoin journey. Not me however.

I was broke for years before I got into Bitcoin. My parents were not supportive of my journey and my career direction as I wanted to be a freelancer and network marketer than working in a 9-5 job in either private or government. They’ve never stopped criticizing me for years due that I am struggling in my finances and never had a stable client.

Until I got silently into Bitcoin and cryptocurrency where I self-learn about trading and other earning opportunities and it’s where my life turned around. I’ve never asked them for money when I started with Bitcoin and cryptocurrencies, but at least of what’s left of my little extra money would do as well as utilizing my skills for opportunities like airdrops and bounties.

Fast forward to today, they have no problem with me now and just simply doing my own thing because of the unlimited opportunities in this space.
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December 16, 2023, 01:47:42 PM
 #58

Family support takes nothing more you are very lucky to have your family supporting and encouraging you. Everyone's family does not support this kind of work and creates obstacles in every work of life. Children think everything is against them. Your parents want to see you grow up so that you can be more successful by buying bitcoins so that your parents are very proud of you.

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December 16, 2023, 02:48:32 PM
 #59

~
This is the amount in my local currency i believe it will get me up to 90 dollars of bitcoin. I am waiting for my friend who will help me buy it by the weekend.

Thank you mom, Thank you dad. And thank you Bitcointalk.
These threads like this that come from newbies sharing their experiences when they bought their first Bitcoin are becoming more and more popular nowadays.
I mean I've seen some of these types of threads getting some merits from some high-ranked users. Is this the new trend already? Cheesy

Don't take what I said seriously OP. I'm just happy that some people are willing to help you buy Bitcoin. There are some people out there who want to invest in Bitcoin, and they have all the knowledge that they need, but the only thing that hinders them is the lack of capital to use to buy some Bitcoins for the long term. You're lucky that there are people around you who support you because there are some out there who don't even support their family members in what they do and that includes investing in Bitcoin for some reasons.

It's good that you have a friend that's willing to help you buy Bitcoin. I just hope that you take care of those Bitcoins, and don't just buy now, but continue to accumulate. Smiley

 
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December 16, 2023, 02:51:55 PM
 #60

~snip~
Congratulations on having a supportive family. Not everyone has this type of support.

Some things you must do -
# Move your bitcoins to a software wallet.
# secure your private keys in a safe location.
# do not go about telling everyone that you are a bitcoin owner.
# look for smart ways to earn more bitcoin. This is now your responsibility because your parents won't do it for you a second time.
# as mk4 has said, think long term. In decades.

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