Beginner Bitcoin portfolio roadmap

[Zigabel]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

Focus on Buying, HODLING and Learning, these are the basic three you need to get a fine sail on your Bitcoin journey.  For your buying, making sure to use the DCA strategy of accumulating Bitcoin, that way, you get to seamlessly accumulate a good unit of Bitcoin without having to break the bank or stressing your financial capabilities.

As a beginner do only Bitcoin.  For your HODLING, make sure to use a non custodial wallet, do not store your assets on an exchange, that exposes your wallet and make you prone to hacking and also loose your assets in the incident of a compromise on the exchange. And lastly for studying? Hear on the forum you have a pool of materials to study from a d beyond this forum ars also some out there, pick a mentor and follow in their footsteps, that way learning becomes easier for you and in the shortest time you will make.good progress and benefits from Bitcoin.

[Sanitough]

Welcome to bitcointalk. Don’t jump into investment yet, but secure even the basic knowledge first so that you will be aware on the do’s and dont’s regarding bitcoin investment. And when you do, focus on your bitcoin investment, and follow DCA method as it will definitely lessen the risk when accumulating bitcoin especially that this coin is more expensive that altcoins.

Once you have made impressive profits, that’s the time you can consider diversifying through some potential altcoins. But always prioritize bitcoin accumulation more than altcoins, as they are just alternatives to bitcoin itself.

[Olatundespo]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

Try to use discretionary funds for Bitcoin accumulation. Try to apply long term investment strategies and avoid using short term trading strategies with high profit expectations. This mental preparation can help you reach your goal if you are trying to build a long term Bitcoin portfolio.

If your initial preparation for Bitcoin accumulation is complete you should start now without delay. It does not matter how much money you start with. You can start Bitcoin with any amount of money for example if you have $50 - $100 start with that and at the end of the week keep any amount of Bitcoin from your discretionary income for accumulation. Risk management is the most important thing in long-term investments that is why you are advised to deposit through discretionary income.

Along with regular accumulate create an emergency fund so that you can use that fund for emergency needs during the investment period without withdrawing the investment. Avoid short term trading or buying shitcoin with high profit expectations.  To manage your investments for the long term, try to maintain your goals through patience and tolerance.

[HajiBagi]

If you are just starting out, I suggest sticking with Bitcoin only.  Plan on buying and holding Bitcoin and nothing else.  Dont get distracted by altcoins or meme coins.  They are risky and mostly worthless.
My second suggestion is to simply buy regularly, regardless of the price.  Dont try to time the market.  This is also known as, Dollar-Cost Averaging (DCA).  It takes the emotion out of it and is the most effective strategy for building a long-term position.

Welcome to the forum, by the way.

Good advice, it is good to let the newbie know between Alcoin and Bitcoin because some of them don't know the difference, when some hear about investment, they only think about buying any coin and holding is the best decision, you should be able to identify between Bitcoin and Alcoin, Bitcoin is the best investment for anyone who is into cryptocurrency, most especially the newbie, investing in Bitcoin with a good mindset and holding for the long term, Alcoin is very risky than Bitcoin.

Newbies also need to know about the DCA method as it one of the best strategy for investing in Bitcoin, looking at the price of Bitcoin will not make some newbie to invest in Bitcoin because they will be looking at the amount they have in that particular time, buy using DCA method you can be able to buy bitcoin without thinking of the price before buying.

[pancelot]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

I agree with my friends here, firstly before diving in further, it would be better to learn the basics of Bitcoin itself, so that you are able and understand how the patterns and how it works before diving in further.

[Floxynice]

Welcome @op
I am also new to Bitcoin investment,  although with some level of experience than you. I will not advice that you invest in different coins. As a beginner,  diversification isn't what you need right now, that will only be exposing you to more risks. If you care about risks management right now, that is one advice you should take seriously.

Do not fall for the hypes on shitcoins and altcoins, you might be taken unawares. Invest in bitcoin and have a long term investment plan. Also avoid strangers who would want to mislead you with scam offers, do not get greedy.

[tbct_mt2]

I am also new to Bitcoin investment,  although with some level of experience than you. I will not advice that you invest in different coins. As a beginner,  diversification isn't what you need right now, that will only be exposing you to more risks. If you care about risks management right now, that is one advice you should take seriously.

Invest into different coins is a good strategy only if other coins (not Bitcoin) are good and won't die or cost you big loss. Unfortunately, in cryptocurrency market, you only can find a coin like this, it's Bitcoin which can be your safe heaven and after ups and downs, bear market, it will recover, make a new market bull run, then many new ATHs.

If you invest money into Bitcoin, hold it through bear market and market volatility, you will get profit after a long time.

With altcoins, if you buy them, hold them a long time, you will have loss, big loss or lose all your initial fund.

[Rgram]

What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

It’s simple, as a beginner, you really don’t get to know much on what coins to buy, why you are buying them, how you evaluate them and what promises does the coin has. Most of all those altcoins and tokens out there often turns out to be scam coins or dump within their first year and that’s peoples investment funds sunk beneath the sands.

That’s why it’s advisable to invest in Bitcoin. It might seem like the prize has gone over the roof but, the fact that you can build from buying small fractions is where you should pitch you rent.

Focus on developing a plan that allows you to use DCA strategy and buy periodically to build a portfolio. You would be amazed at the mile you would archive and what it’s worth in value through time.

[cocadalcan]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

I agree with my friends here, firstly before diving in further, it would be better to learn the basics of Bitcoin itself, so that you are able and understand how the patterns and how it works before diving in further.

Before investing in Bitcoin, it is good to learn its basics. The main thing is that it is a cash flow that is suitable for long-term investment or accumulation. To understand the Bitcoin investment pattern you should gain knowledge about the DCA method. The method teaches you how to run a long term accumulation Bitcoin process at any price.

For more details about Dollar Cost Averaging (DCA) ..https://www.investopedia.com/terms/d/dollarcostaveraging.asp

[Issa56]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

As a better that want to make investment in crypto space, it’s just better to buy and hold bitcoin, that’s the safest coin which I know, and holding for a long term is less risky. If bitcoin price drops, just know that with time the price is going to bounce back, but if you decide to hold some random altcoins, if there price drops, some might not really bounce back again.

Before you hold bitcoin, make sure you understand how you are properly going to secure your bitcoin, know the appropriate wallet to use, know how you going to secure your seed phrase, because if you can lose access to your seed phrase, then your bitcoin is gone already, and if anyone can access your seed phrase, then you should know that they already have access to your bitcoin, they don’t need your permission before they move your bitcoin, that’s why seed phrase shouldn’t be joked with.

If you are planning to secure your seed phrase, make sure it’s completely stored offline, anywhere there is no internet connection. You can decide to carve it on an iron steel and store it in different places.

Also if you are planning to invest, the best strategy which I will recommend is DCA strategy, I will say the strategy is less risky, and as long as you are holding for long term, then you don’t have problem with that.

[Odohu]

I started wrongly by investing in new projects thinking I was going to catch a token that would pump so hard but I was wrong because most of them were shitcoins that never gave me the opportunity to sell at a profit. Those terrible experiences would have been averted if I had considered investing in Bitcoin a lone. If you want to invest in anything apart from Bitcoin, you should use a small portion of your capital to do that and put the rest of the money into Bitcoin.

[Questat]

Should I focus on buying and holding BTC only or mix in other assets/tokens

Bitcoin only is actually good for beginners. I've done that and can say that it has been a profitable journey for me. And that's why it's a yes for me with this rather than going to and fro mixing it with other tokens that you'll randomly buy. Start with BTC-only first.

and how do I decide allocation and risk management as a newbie?

DCA(dollar-cost average).
Only invest what you can afford to lose. You don't have to own as huge as you can be, what matters is you'll consistent accumulate however you want and whenever you want.

For beginners, in order to avoid higher risk from losing, stick with bitcoin. Yes, it’s expensive but you don’t have to buy instantly the whole coin, but buy portion by portion through doing this DCA method. I believe this works for majority here, so there’s no reason why any newbie will lose from this.

And one more thing, when you invest, do not aim to get rich in just a short period. That will be a big barrier for the success of your investment. You will get rich with bitcoin in the long run, but patience and resilience should be prioritized more than greed and selfish desires.

[BlackBoss_]

If you are planning to secure your seed phrase, make sure it’s completely stored offline, anywhere there is no internet connection. You can decide to carve it on an iron steel and store it in different places.

Everyone needs to know and choose good methods, wallets for storing their bitcoins as same as their wallet backups.

It's unsafe practice if they have thinking like at beginning, they don't have to mind about it and can use centralized exchange account, custodial wallet to store their bitcoin, then they can have a lot of time for learning and changing.

Centralized exchanges are so scam and if they practice like this, it might be too late for them to change for securing their bitcoin.

Reminder: do not keep your money in online accounts.
Exchange graveyard.

[DubemIfedigbo001]

I will not advice you to buy from exchanges because to send them to your electrum wallet will cost you higher transaction fee. I have tried that and the fee was very high ($13 to $20).
And you have to use DCA method to buy them either weekly or monthly but that should be depending on your income flow.

I cannot say you're wrong with your experience, however this depends on the exchange you made your purchase from our maybe you've done it when the fees were high.

It's good to know that it's more economical consolidating funds to amount to something tangible before sending to your non custodial wallet since the exchange charges a flat fee rate on transactions of any quantity.

Secondly it's good to target when the fees rate is relatively low from mempool decongestion before you attempt such activities so you'll not pay a high fee.

NOTE: Seeing your response, I didn't want to outrightly disagree with you, so I went to my Binance and tried sending some funds to my electrum wallet and the charge was a $3.33 flat rate. I even tried sending up to $2k worth of BTC and the fees were still the same

[notocactus]

It's good to know that it's more economical consolidating funds to amount to something tangible before sending to your non custodial wallet since the exchange charges a flat fee rate on transactions of any quantity.

Centralized exchanges have static expensive withdrawal fees and I warned about it too. If you have small fund for each DCA, you must wait a while to withdraw in order to save withdrawal fee. However, this fee does not depend on mempools in most of time as centralized exchanges mostly don't care about it, except if memppols are too overloaded and they go ahead to charge extra fee on users.
Old story. Exchanges get profits from users' withdrawal fees.

Secondly it's good to target when the fees rate is relatively low from mempool decongestion before you attempt such activities so you'll not pay a high fee.

If you DCA and already moved your bitcoins to your non custodial wallets, by moving coins different times, you will have different UTXOs, then will have need of input consolidation. It's time for knowing about Mempools and choose good times for consolidating inputs.

[Hyphen(-)]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

Buying Bitcoin to hold is the best form of crypto investment that is completely reliable right now since alt coins are centralized and we can’t trust them anymore especially with this current market condition; instead of buying some altcoins to join with the Bitcoin as a beginner might no be suitable for you unless if you have some background knowledge about the project, but if you don’t have any information about the project then you should just stick to Bitcoin that you know and anyone knows so as to be safe because Bitcoin is controlling the market entirely.

Nevertheless, learn about wallets, keys and address, and some important security measures before you kickstart your journey because wallet will be the home to your Bitcoin.

[Su-asa]

Just know what Bitcoin investment is all about and chose a good strategy which you can use to invest into Bitcoin for the long term. Which chosing the strategy to use, don't forget about DCAing strategy. That's the best that can give you the opportunity to invest with small amount for the long term. With DCAing strategy you can keep on accumulating small numbers of satoshis into your portfolio. However Bitcoin investment is not a get rich quick scheme, don't be in a haste to making profits and don't panic to sell out when Bitcoin dip.

[Ojima-ojo]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

You need to state some facts about your finances so that we can give you at least a near-accurate Bitcoin portfolio-building map. Everything you will be doing depends on your available cash flow balance, this is very important, and if it's not known, we may give you utterly wrong advice that won't work for you in the long run.


However, there is one generally acceptable approach to Bitcoin accumulation and portfolio building, which is DCA. This approach involves buying a small amount of Bitcoin at regular intervals, depending on your available cash flow set aside to buy Bitcoin.

[Zoomic]

Hi everyone,
I'm new to Bitcoin and trying to build a solid long-term portfolio; I’d really appreciate a simple roadmap or checklist from more experienced members. What steps should a beginner follow to get started ? Should I focus on buying and holding BTC only or mix in other assets/tokens, and how do I decide allocation and risk management as a newbie?

This kind of information you are requiring, no one gives it to anyone. Just do your own research. But you are also free to take advices from people, but all advices have disclaimer placed on it because we are not financial advisors.
I will however recommend;
60% of you portfolio to be BTC;
The remaining 40% is for altcoins.
10% ETH,
5% BNB,
5% XRP
5% Sol
10% Stable coin ( This will serve as a hedge)
5% for meme coins gambling.

[OcTradism]

10% Stable coin ( This will serve as a hedge)

It's quite risky if you think your fund stored in stablecoins is safe because stable coins are truly dangerous. I will mention some topics that prove danger of stable coins below. Before showing you those topics, let's say with 10% of your fund assigned to stablecoins, it reduces risk a little bit.

Stablecoins are safe only when they were not in death depeg spirals.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
Stablecoins and Blacklists.
Stable coins: a deep dive into valuation and depegging.
Tether (USDT) - Backed by Air and Words