I'm new here.
I want to save bitcoin for my future or for my retirement. I strongly believe the next financial revolution must be based on bitcoin.
I just wanted to get your ideas and advice for a new bitcoin user to avoid any kind of issue usually a new bitcoin user faces....like
1. When to buy bitcoin
2. How long we need to hold bitcoin
3. Time wasting bitcoin earning methods
4. Best bitcoin making methods
5. Mining opportunities etc
1) Whenever you want, there isn't a specific time and the price isn't predictable, the price may drop or rise later.
2) There is no time limit for you to hold Bitcoin, you can always spend it if you want to view it as a currency or store it safely if you view it as an long term investments.
3) Faucets.
4) Either providing a service or signature campaign. Currency exchange is likely to be impossible as newbies usually don't possess much Bitcoin.
5) Mining is likely to be a sure no ROI for most small scaled home miners unless you have free electricity. If you are planning to invest big, $50k or so, you can try to hire some people to manage the ASICs with you, it would be more profitable as manufacturers are likely to provide discounts for buying lots of machines.