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
OK, here are my recommendations:
1. Buy bitcoin now. This year is the best time to buy bitcoin. If you get it below the $270, it's going to be good.
2. It depends, though, assuming you buy today, I suggest you hold until april or may 2016. Sometime during 2016, before July, because there will probably be a spike a few months before then.
3. Faucets. They are fractions of pennies. HYIPs scams (or programs where they say they'll give you a large percentage back for your "investment").
4. Bitcoin services. Find something that the bitcoin environment is lacking, and try to make it better. If you have
lots of money you're willing to invest (AKA: are comfortable losing, like any investment), you can try to start mining.
5. For mining, you need a large amount of electricity, maybe some cooling. And a lot of investment capital. You need to be completely serious about mining if you want to start (profitably) mining.