My first Bitcoin

[Su-asa]

First of all congratulation to your first , Bitcoin, and it is Safe to save your bitcoin and that particular wallet because it is looking like the Binance bitcoin is really profitable and it is a plus to you. That is why I keep on telling people if you have any opportunity of investing on bitcoin just proceed you can just leave the money on Bitcoin. No need to withdraw unless your income won’t be enough for you then you can now  use of the money you invested in  bitcoin is just a future cryptocurrency that we grow massively what we didn’t think of

Congratulations to the OP, but I must say that the binance is an exchange and it's not a nice place to keep Bitcoin, because its non custodian and it's an exchange. OP already know of an Electrum Bitcoin wallet so it's more safer for the OP to store his Bitcoin in a electrum wallet for safety purpose.

[glendall]

The world is into on the crisis. Russia and Ukraine war are continuing last two years. On the other hand in the middle east  unrest the economics crisis are gradually condensed.

For the reason of there have no any job security. The inflation of the economy day by day business situation are also unrest.

In this situation everyone needs outsourcing. As my analytical openion BTC income and investment is the best.
But as a newbie it's so difficult to earn.

Don't despair, there are many ways to actually get BTC, it doesn't go directly to BTC but to existing altcoins, for example you take part in the airdrop and if you make money you can set aside to buy BTC,
Don't worry, friend, anything can be done if you keep trying and don't be lazy in looking for information about the crypto world

[ringgo96]

First of all congratulation to your first , Bitcoin, and it is Safe to save your bitcoin and that particular wallet because it is looking like the Binance bitcoin is really profitable and it is a plus to you. That is why I keep on telling people if you have any opportunity of investing on bitcoin just proceed you can just leave the money on Bitcoin. No need to withdraw unless your income won’t be enough for you then you can now  use of the money you invested in  bitcoin is just a future cryptocurrency that we grow massively what we didn’t think of

Congratulations to the OP, but I must say that the binance is an exchange and it's not a nice place to keep Bitcoin, because its non custodian and it's an exchange. OP already know of an Electrum Bitcoin wallet so it's more safer for the OP to store his Bitcoin in a electrum wallet for safety purpose.

Currently, people are flocking to buy Bitcoin when the price is high. In the past, when the value was still low, no one wanted to invest in Bitcoin except for certain people who believed in cryptocurrencies and wallets that we could use to store Bitcoin. There are so many, but we have to choose a high security wallet for our assets, Binance is actually a market that has been around for a long time and is trusted for exchanging Bitcoin and other altcoins, but for a Bitcoin wallet we have to use Electrum Bitcoin as you said, and later if you want to sell it again you can using binance markets.

[Smartvirus]

Long time ago I was working so hard to buy Bitcoin but I couldn't because I had no job, but starting from this
month of January I have gotten a new job that pays me 5 figures a month and I just use $110 from my salary to buy Bitcoin,so as today is the last day of the month I just bought Bitcoin with part of my salary.
However, I bought it from a 3rd party through the help of a co-worker at my working place.

I don’t know how you would be working so hard to buy Bitcoin and yet you don’t have a job! Perhaps you’re not using the right word here or perhaps doing remote jobs, earning from your skill(s), that pays wages for work done doesn’t count as a job for you.
However, you have archived something here and that is, you have a 5 figure monthly paid job and have been able to start building your portfolio. It doesn’t matter what party you bought Bitcoin from, what matters is having to make your investment, be consistent about it and ensure you’re getting them coins off the exchange to a none custodian wallet.
From the screenshot shared in OP, it seems you’re doing your accumulations on Binance and that ain’t advisable. Binance is custodian, you could try using Electrum wallet, Mycelium and a couple of others out there. Perhaps when you’re grounded enough, you could go for some hardware wallets. These ensure your in full control of your accumulations.

[isabellajones]

First of all congratulations on your first bitcoin hold, i hope this is amount you can afford to lose and not your entire wages or salary. As that will help you to hold it for long. Looking at this the screen this is a binance wallet which is a centralized exchange and that’s the least of place to safe your coin because the keys doesn’t belong to you. I will advice you look for a reputable bitcoin wallet and in my opinion electrum is that wallet. Create a the new wallet yourself and don’t let your colleague do it for you and then keep the secret phrase safe in an offline place. Then move the coin from this exchange to the wallet. If you do not have basic knowledge of this then you can ask on the forum and you will be guided.

Going forward please do not post screenshots of your holdings as it dampens your privacy. You can also edit your post and remove this one. Also if you’re planning to add more bitcoin to your holdings then you might need to set up a cold storage like purchasing a hardware wallet. You can continuously keep buying bitcoin when you have the fund never wait for any price retracement as that will be a wait too risky if it doesn’t fall back

Here is the link to download an electrum wallet https://electrum.org/#home

Now is the best time to buy Bitcoin as it is falling


   

[kotajikikox]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

[barisbilgili]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

If you plan to invest in Bitcoin for the long term, I think any time is the right time to buy Bitcoin because as has happened in the past, the price of Bitcoin is always able to rise higher in the future, so it is also possible for it to happen again.
The advice to continue buying Bitcoin slowly and holding it for a long time is very good advice, but it is only for long-term investing.
And when it comes to trading, I think there are many things you have to study and wait for the right price, now Bitcoin's movements are difficult to predict, especially after the Halving some time ago, there is a possibility that the price will soar high.

[amihada]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

this is a wrong judgment in the world of bitcoin investment, investment people don't look back, now we buy bitcoin and coincidentally tomorrow the price goes down and then we say that actually it's not the right time to buy bitcoin and then you regret it then it will only cause regret for those who invest, so look at If you invest in the future, you must be sure that in the future the price of bitcoin will rise and you will make a profit from the results of your bitcoin investment.

[kro55]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

If you plan to invest in Bitcoin for the long term, I think any time is the right time to buy Bitcoin because as has happened in the past, the price of Bitcoin is always able to rise higher in the future, so it is also possible for it to happen again.
The advice to continue buying Bitcoin slowly and holding it for a long time is very good advice, but it is only for long-term investing.
And when it comes to trading, I think there are many things you have to study and wait for the right price, now Bitcoin's movements are difficult to predict, especially after the Halving some time ago, there is a possibility that the price will soar high.

Many people always say that bitcoin below $60k, 50k$, 40k$ is a good time to buy, but honestly I want to know how many people will buy if bitcoin falls, or will they say it will fall even more? Until it suddenly spikes and they have to buy at a higher price?

In my opinion, the best time to buy is when we have money and are willing to take risks because bitcoin is unpredictable, no one can know if it will increase or decrease after we buy. I agree with you, buying anytime and holding long term is what we should do and is also the best strategy when investing in bitcoin.

[Marvell1]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

The funny thing is when bitcoin price dropped below 60k$, I'm sure you or many others wouldn't buy bitcoin, but when the correction ended and bitcoin price recovered, people realized that bitcoin below 60k$ is a good time to buy. I believe that those who say the best time to buy bitcoin is over, they are the ones who will never buy bitcoin even if bitcoin falls back many times later.

As barisbilgili said above, bitcoin is a long-term and unpredictable investment so anytime is a good time to buy bitcoin. Don't hesitate and bargain with the market and when everything passes, we will say that the best time to buy bitcoin has passed. And if you are a short-term trader, a good time to buy will depend on your trading knowledge.

[khalidkhan82118]

https://talkimg.com/images/2024/01/31/kDIE8.jpeg
Long time ago I was working so hard to buy Bitcoin but I couldn't because I had no job, but starting from this
month of January I have gotten a new job that pays me 5 figures a month and I just use $110 from my salary to buy Bitcoin,so as today is the last day of the month I just bought Bitcoin with part of my salary.
However, I bought it from a 3rd party through the help of a co-worker at my working place.

So, is it safe for me to store my coin there or is there any other wallet I can use to store my coins? I know of electron but apart from the electron is there any other wallet which is safe?.
My profile shows that I am still new on Bitcointalk and I would say with my actions I am very interested in learning more about the accumulation process so I can gain more Bitcoin.

Does anyone have suggestions for reliable wallets besides Electrum?

[Ricardo11]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

If you want you can still make good money by investing in bitcoin, you mentioned 60K, and currently bitcoin price is above 68K, 8K is not much difference. In fact, those who are real investors pay more attention to investment rather than value. Regardless of the value of Bitcoin you should always aim for a long term investment. So I would say those who haven't invested yet invest soon. Because now the value of Bitcoin has not gone very far, it will go much further. So start investing now to take your invested money far ahead with Bitcoin. If you hold for long it will definitely give you returns.

[Nothingtodo]

Now is the best time to buy Bitcoin as it is falling

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

New ATH of Bitcoin is constantly being created. Now the price of Bitcoin is between 68 thousand and 70 thousand, in this case Bitcoin is not coming down to 60000 dollars, so a few days ago, 60 thousand dollars was the right time to invest in Bitcoin, but currently the market condition is not understood. So those who want to invest should wait for a few days, surely the market condition will be understood within a few days. But before investing in Bitcoin, you must understand and invest according to the plan. Any investment made in haste does not pay off well, rather it is more likely to result in loss than profit.

[Altryist]

The funny thing is when bitcoin price dropped below 60k$, I'm sure you or many others wouldn't buy bitcoin, but when the correction ended and bitcoin price recovered, people realized that bitcoin below 60k$ is a good time to buy. I believe that those who say the best time to buy bitcoin is over, they are the ones who will never buy bitcoin even if bitcoin falls back many times later.

As barisbilgili said above, bitcoin is a long-term and unpredictable investment so anytime is a good time to buy bitcoin. Don't hesitate and bargain with the market and when everything passes, we will say that the best time to buy bitcoin has passed. And if you are a short-term trader, a good time to buy will depend on your trading knowledge.

It’s always easier to follow a trend, but it’s a big problem to try to guess when the trend will change. We can start buying when we see that the trend has changed, but if we try to buy on a fall without signs of a reversal, then we can end up in a protracted correction, which will ultimately become a big mistake. But now it doesn’t look like we’re in for a prolonged correction, it’s more like a sideways movement and globally I’m waiting for further growth. The first bitcoins are always the most difficult, and the main difficulty is not to lose them.

[Issa56]

Actually the best time to buy bitcoin was a few weeks ago when it dropped lower than $60,000. But it's still a good time to buy bitcoin now before it goes and reach a new ath. Just try to accumulate as much before it creates a new ath.

I don’t think there is a specific time to invest in bitcoin. Even if bitcoin creates a new all time high, I can decide to invest in it as long as I will be investing for a long time, I don’t have any problem with that. The only people who are disturbed about when to invest in bitcoin are short term investors or traders. If you are investing for a long time, just do your analysis and choose when to invest. I know it’s better to buy when the price is still cheap, but some people might not be financially well when bitcoin was still cheap, and they can only invest now.
 
We all should know that everything doesn’t just end after an all time high or a bull run. Lots of people who sold their bitcoin a few years ago after hitting a new all time high will be regretting it now because bitcoin keeps on growing, and they would have made massive profits if they hadn’t sold then. So after creating a new all time high, later in the future we should be expecting another all time high.

[leonair]

I recommend you to use a hardware wallet sincerely, it is the best investment you can make to secure your bitcoins, but you must take into account what use you are going to give to the bitcoin, you are going to send currently to other addreses? or just to store bitcoin? in my experience I recommend you to use as hot wallet, Exodus, user-friedly app (remember to save the seed phrase) and in the case of cold wallet, ledger or trezor could be your options but that is based on what you want ,the design, the budget etc... just hope you the best in this btc community brother and remember never ever let your coins rest in exchanges.  

There is no need to use a hardware wallet to hold such small amounts  Because using hardware wallets is costly. You have to buy it to use hardware wallet. So it is better to use a software wallet in primary condition which is completely free to use.  Electrum wallet is a good secure wallet for holding bitcoins. So op can use it. And you can find numerous tutorials on the internet on how to use it and create a wallet by following them.

[Belarge]

Long time ago I was working so hard to buy Bitcoin but I couldn't because I had no job, but starting from this
month of January I have gotten a new job that pays me 5 figures a month and I just use $110 from my salary to buy Bitcoin,so as today is the last day of the month I just bought Bitcoin with part of my salary.
However, I bought it from a 3rd party through the help of a co-worker at my working place.

Know your worth because bitcoin is accessible for everyone in the space but due the ignorance of the vast number of investors, they do missed out. My first bitcoin, stacking my portfolio without any solid knowledge of the project, although I managed to saved some because I had other activities that kept me busy. Today, I'm happy because there's enough evidence and enormous profits to boost about. Everyone have a story to tell because it involves bitcoin. We should be extremely careful when dealing with the system, knows what to take in and probably the projects to dropped down.

[Sandra_hakeem]

month of January I have gotten a new job that pays me 5 figures a month and I just use $110 from my salary to buy Bitcoin,so as today is the last day of the month I just bought Bitcoin with part of my salary.
However, I bought it from a 3rd party through the help of a co-worker at my working place.

It's actually a good improvement so far. I know alot of People that won't even wanna save up no matter how much they earn monthly. I'd say, you've made a good start; what matters the most is how consistent you can be to get a whole bitcoin. Secondly, I'm not tryna discourage you or make you develop some cold feet but, if it were me, I'd wait till the price goes down.

So, is it safe for me to store my coin there or is there any other wallet I can use to store my coins? I know of electron but apart from the electron is there any other wallet which is safe?.

It's not safe to store your coins in any centralized exchange. From what you said, I believe you wanna start your HODLing journey; the best way to safe keep your Bitcoin is using a cold storage - maybe a hardware wallet or a paper wallet.
Edit:

So I doubt it will be $ or euro. Since he is posting in the Nigeria section (I just checked) I guess we have our answer. The problem though, 10000 naira is only 11$ .   That means even a 6 figures payday wouldn't be much money.

how much is $11 in your country's currency? Sounds like you stay in a third-world country where the cost of living is wrecking y'all?

[SATWAT]

I recommend you to use a hardware wallet sincerely, it is the best investment you can make to secure your bitcoins, but you must take into account what use you are going to give to the bitcoin, you are going to send currently to other addreses? or just to store bitcoin? in my experience I recommend you to use as hot wallet, Exodus, user-friedly app (remember to save the seed phrase) and in the case of cold wallet, ledger or trezor could be your options but that is based on what you want ,the design, the budget etc... just hope you the best in this btc community brother and remember never ever let your coins rest in exchanges.  

There is no need to use a hardware wallet to hold such small amounts  Because using hardware wallets is costly. You have to buy it to use hardware wallet. So it is better to use a software wallet in primary condition which is completely free to use.  Electrum wallet is a good secure wallet for holding bitcoins. So op can use it. And you can find numerous tutorials on the internet on how to use it and create a wallet by following them.

A good tip which is going to work for many because recently I was having some issues with Electrum and trying to change this with hardware wallet, but now all is ok as this problem was from my side which now I have fixed, so things are going smoothly with this Electrum because someone already told me its one of the best wallet with easy to work and hold your all savings for the long time.
As now, I have some strategy I will hold my bitcoins for long time with my kids will be able to use this all and have easy to do this all because we are having good videos as well which are giving all details about use of this wallet without any problem.

[tottong]

So, is it safe for me to store my coin there or is there any other wallet I can use to store my coins? I know of electron but apart from the electron is there any other wallet which is safe?.

I don't think it's a good idea to store bitcoins there and I've never heard of electron for a bitcoin storage wallet either.
The only thing I can think of is that maybe you want to say Electrum but you spelled it wrong.

My profile shows that I am still new on Bitcointalk and I would say with my actions I am very interested in learning more about the accumulation process so I can gain more Bitcoin.

Not so sure you are new to bitcointalk although if you look at your account history it will lead you there.
If you want to accumulate then increase your purchases on a scale and see the right moment to accumulate according to the capital you have.
To get more bitcoins you have to try buying them and the next question is whether you have a stable budget to do so.