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Author Topic: All thanks to my family they contributed and bought bitcoin for me  (Read 690 times)
Wexnident
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December 16, 2023, 03:30:49 PM
 #61

~
Congrats! Wondering if you've already bought it OP and what plans you have to safe keep it. You should probably set a place to store your funds, preferably something you know is safe (and not in exchanges) especially since I think you're considering holding it for at least half a year possibly waiting for some effects from the halving. Maybe even try to DCA if possible since half a year is a pretty sizeable time to increase the amount you invested, not to mention more than half a year is a possibility anyway.

 
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Aanuoluwatofunmi
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December 16, 2023, 03:50:53 PM
 #62

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.

You're lucky enough to be surrounded by a loving family, this is one of the best they could give because this is something that could have a valuable worth in the near future to come which you will ever be grateful for having it as a gift from them, you now have to take your time in learning about bitcoin and also on how to do things by yourself, when you acquire it, make sure you move your coins to a cold storage and don't expose anything about it to even your friend.
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December 16, 2023, 04:32:59 PM
 #63

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.!
If you are already an adult i.e. your parents are 40+ years old and interested in Bitcoin and support you to invest in Bitcoin it is highly appreciated as people of this age are hardly Bitcoin friendly. You are lucky to have such a family.  Bitcoin is a very potential future currency so I would suggest you to hold it for long term rather than panic and sell it as it will give you good returns. And meanwhile hold on to a strong decentralized wallet

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December 16, 2023, 04:55:10 PM
 #64

Actually I quite like your interest in being in bitcoin but when you still see doubts just because of the current price I think you will not really be comfortable with such thinking. So in this case my advice is to try deeper to learn bitcoin as a whole besides that you also have to realize that being in bitcoin is for the long term so that the current price is actually only temporary if indeed your goal is long-term.
Although indeed this is quite realized because I have also been in that position when I was a beginner but over time I think the level of concern will continue to decrease and I feel that and feel that the current price is not a benchmark so there is no need to worry about it. Although there is indeed an anxiety when the crash arrives and it is normal but when looking further about our intentions in the longer term it is precisely such worries that are disturbing so it would be better if it is not too concerned about the current price if we are serious about being in bitcoin for a longer distance.

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December 16, 2023, 08:08:52 PM
 #65

Congratulations on your purchase of Bitcoin! Smart, especially since the halving is coming up soon. This kind of thing has historically increased the value of Bitcoin, therefore the timing must be correct. Parents who teach their children about money have our respect. Bitcoin is not simply about teaching digital currency. It also teaches personal finance and contemporary economics.

You and many other coin investors utilize it as a hedge against the possibility of an unpredictable market. The value of bitcoin fluctuates a lot, but it will increase. The first people to purchase Bitcoin were even modest investors. You've joined the global decentralization movement. Wishing you luck in the world of Bitcoin!
Halving is the greatest part about this situation and that's definitely something to care about .Why? Because we all know that bitcoin will go up based on the halving and because of that the price will be higher and we should focus on that as much as we possibly could.

I get that it may not feel like that's a big deal at times but it is definitely not even remotely close to anything else and we need to realize that. Sure we had a good increase so far but this is nothing compared to the biggest rise we will get after the halving, and we need to keep on improving that as much as we possibly could. That's going to make it a lot better, it is going to give us a return that we have not seen anywhere else before and should be an important aspect of this.

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December 17, 2023, 02:40:37 PM
 #66

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.

https://www.talkimg.com/images/2023/12/14/EYfwb.png

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.

Congratulation OP, Thanks for the supportive relationship you have; they did a great job encouraging you on your journey to invest in bitcoin. There is an adage that says, "To whom much is given, much is expected." That is, you owe your trust in the investment by staying focused and investing more in the portfolio. Because 90 dollars of bitcoin will only generate little profit in a long-term investment, investing more will help you add to the portfolio over time using DCA (dollar cost averaging). Once again, thanks to your parents and relatives who support you on this journey.
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December 17, 2023, 07:15:32 PM
 #67

Congrats on entering the world of crypto. Now for the important part, you need to protect this crypto because there are tons and tons of scams out there.

Your best bet is to use a hardware wallet but if you can’t find one in your area then just take an old laptop, remove the WiFi adapter and set up a electrum type of cold storage solution.

It’s free and you will never get your crypto stolen.
To have a BTC with us is also important, because how can we maximize its potential by giving us a profit if we don't have any? Scams are everywhere, but their numbers were maybe more here, because there is a huge money involved here, and then cryptos are also kinda hard to understand so it may be easy for the scammers to find a victim here.

Hardware wallets has a superb security but as a beginner like the OP, that only has a less amount of BTC, I think it's fine if they can start with the basics first. Electrum may be a user friendly BTC wallet. Apart from what we said here, the next would be, is to have a knowledge on how this market works.

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December 19, 2023, 06:31:53 AM
 #68

You don't need to be that much worried about this matter. I know that it's tempting to see Bitcoin gaining value day by day while you can see it but can't be a part of it, however, you don't need to stress yourself out or your parents and family. It's good that they have arranged some money for you to invest but you need to make sure that you understand the risks and everything and also explain them to your parents so that they don't feel too bad in case the price drops after you invest since they must have high expectations.

Anyway, now that you have prepared to money to invest, I would suggest you check everything before you do that. The market has been going up constantly for some days, and a correction is expected at any time. If you invest now and the market dips later on, you will surely feel bad for buying high.

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December 19, 2023, 06:55:58 AM
 #69

You are welcome to the Bitcoin industry. But you must not rely goal of trading on the Bitcoin with its positive speculations ongoing else it may be tough for you to stand against its period of depressions after much accumulations.
However, patient is virtue and stick by it if you must make or extensively in the Bitcoins market.

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December 19, 2023, 07:00:25 AM
 #70

Are you under 18 years old? Can't you just earn some money and buy Bitcoin yourself? I would be embarrassed to ask my friends and family for money. Especially for money to buy Bitcoins(or any other cryptocurrency).
I can also assume that the 2024 Bitcoin halving will build some hype and pump the Bitcoin price, but you shouldn't have enormous expectations.
Do you expect the BTC price to hit 1 million USD or something? I think that the BTC price could hit somewhere between 70K and 100K USD at best. This means that your 90 USD could turn into 200 USD at maximum. Not a big deal, if you ask me.
Buying BTC isn't the same as buying a lottery ticket and expecting to win the jackpot.

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December 19, 2023, 08:25:51 AM
 #71

You are a lucky if you are helped by a parent. It seems that I rarely see in our community here that a parent supports a child to invest in Bitcoin. So that's why I congratulate you.

I'm just wondering why you need to ask your friend for help just to buy Bitcoin. Why do you want it to happen the next time you buy Bitcoin? Is it because your friend will make a way for you to buy Bitcoin, or do you want them to buy Bitcoin for you? Please clarify this.

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December 19, 2023, 09:04:31 AM
 #72

It is good to have a supportive family who are always their to render help to lift people, but I'm sure you are aware that bitcoin is a longterm investment and it is volatile,  if your family will keep on supporting you financially it will help you and your investment for you not to depend on it.but if you are the one that provides for yourself and you don't have a steady I don't think it will be easy for you to hodl bitcoin because when you are in need you can look up to your investment for money.
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December 20, 2023, 01:28:11 AM
 #73

OP you're indeed lucky to have parents who supports your dream, some parents won't give it a try as long as they're not familiar with what you're talking about and in some cases they can see you as one of those scammers out there.
At least now you don't have to be highly depressed in any way and I hope the friend you talked about in helping you get the BTC won't by any chance make you lose (get you scammed) this opportunity that's given to you by your parents.
Now that we're expecting the halving I believe you're going to gain more than what you used as a start up, well let's see how positive the market price is before the end of this year.











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December 20, 2023, 02:26:36 AM
 #74

first of all welcome to they community and feel free to ask if you have a question, and your family is very supportive I believe you are still in school.

So now you have bitcoin on wallet if you have a money to save you might can considered bitcoin too since the old ath is far away and most people here is believe that we gonna make a new ATH so better to keep hoDL and stack em from now

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Trawda
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December 20, 2023, 02:49:18 AM
 #75

You have a wonderful family to thank. It is nice to see parents helping their children achieve a goal or dream. It is great for them to support you to get some money to achieve your goal by purchasing some Bitcoin before halving.

I hope you succeed in getting more and making good profits.
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December 20, 2023, 03:20:18 AM
 #76

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.
The most important thing is that you have your closest family members by your side in Bitcoin investing. However, you can definitely consider using a hardware wallet for long-term storage to ensure investment security. Prioritize a steady income and savings to support yourself and your investments in the future. Hope to hold the investment for the long term and keep your Bitcoin safe by taking the necessary security measures. Enjoy the journey of becoming a Bitcoin holder and may it bring you success and prosperity in the future!  Good luck!
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December 20, 2023, 04:05:45 AM
 #77

I will strike a discordant note here. 4 pages of congratulations because his mother gives him $90 in local currency? If you are young what you have to do is to train yourself to be able to get good incomes in the future and with the cash flow that you get to consider an investment plan among which is to buy Bitcoin. But if you are going to buy Bitcoin I hope it is for something more than just waiting for the price to go up.

Congrats! Wondering if you've already bought it OP and what plans you have to safe keep it. You should probably set a place to store your funds, preferably something you know is safe (and not in exchanges) especially since I think you're considering holding it for at least half a year possibly waiting for some effects from the halving. 

And what do you expect, for him to buy a HW that is going to cost him about the same as that $90?

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December 20, 2023, 04:08:58 AM
 #78

You should be grateful because you have good parents who support you about investing in BTC, and actually there are many parents who forbid their children from buying Bitcoin for many reasons and you are one of the lucky ones. Actually, you don't need to be nervous if you see the price of BTC continuing to rise, because if you buy before the halving, of course there is still a chance to make a profit. but op, continue to explore insights about bitcoin and of course investing in btc must use money that is ready to be lost, but you also have to have a strong intention, namely only selling btc when there is a profit and don't panic, stay focused on your intention. op, I hope you are lucky in your investment in BTC and prove to your family and your parents that investing in BTC is certainly a good thing and very fun.











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December 20, 2023, 04:52:33 AM
 #79

It is good to have a supportive family who are always their to render help to lift people, but I'm sure you are aware that bitcoin is a longterm investment and it is volatile,  if your family will keep on supporting you financially it will help you and your investment for you not to depend on it.but if you are the one that provides for yourself and you don't have a steady I don't think it will be easy for you to hodl bitcoin because when you are in need you can look up to your investment for money.
Having a family that can support everything that can really make us develop in a better direction will certainly make us enthusiastic in realizing what we have dreamed of, it is not an easy thing to be able to convince our family about investing in Bitcoin because it is very difficult to believe. they are about long-term investment and if we can believe them of course this will be very good for the investment we make and also our family.

If we don't have a steady income, it's not easy to be able to invest in Bitcoin, but if we keep trying to be able to work and have an income that we can invest, because it's very important for everyone to be able to invest because we don't know what will happen in the future so it is important that we can prepare ourselves so that we can fulfill what we need.

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December 20, 2023, 06:03:10 AM
 #80




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.
You should be very thankful to your parents because they truly love you.  It's only someone that loves you can give you money t on invest in bitcoin.  That is to say that they truly love you.  But my advice for you is to look for something doing, so that your attention should not be going towards the direction of the bitcoin. If not you might end up selling it if you need urgent money. Bitcoin is not something that you will invest and stay without having something doing, otherwise you will end up selling  off your bitcoin.

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