Hello,
I am new to bitcoin, I have managed to set up a wallet on blockchain and on coinbase.
I am also aware of bitaddress and how to upload my wallet to blockchain.
That said, can anyone explain to me the cheapest method of buying BTC?
Also, what is purpose of buying / saving BTC?
How do people go about trading BTC?
Should I be using an online BTC wallet when buying & storing BTC and what one is best if so?
If anyone could give me an inspiring newbies crash course as to why i should be buying BTC and uses / purposes of it along with strategy and practical educational info I would very much appreciate it.
Thanks,
Hero
- the cheapest.. I wouldn't know but the best might be from localbitcoins website or here on the forum maybe with an escrow.
Well since bitcoin is expected to rise in price by far above 200% by the end of the year (just a speculation), so if you buy it now for 1.2k$ and hold it for a few years, you'll get a huge profit and that's why people are mostly buying and holding btc now.
I've been using blockchian.info wallet ever since I've got into bitcoin and that was a few years back and I've never had any problems with that wallet whatsoever, tho I'm trading with lower amounts like up to 20$ but if you'll be doing with some greater amounts, I'd suggest you to get a desktop wallet (online wallets can be just as secure if you take care of its security).
Well that's mostly simple logic like buy for low, hold, sell for a higher price.