Hello all,
I'm new to this and have started learning about the characteristics of bitcoin, how to mine it and the pros and cons of it. Although I have learnt the basics of mining, I personally don't plan on doing it as simply put I do not have the resources to do so. So rather than mining, I am looking into purchasing BTC through localbitcoins then transferring it to my Electrum wallet.
My questions are: (some of these have been answered in older threads but I just want to be reassured please)
- Would you advise on purchasing BTC now before August 1st?
- Is it advisable to use Electrum to store the coins? I have encrypted it and written my seed on paper.
- Would you say, in your opinion, ETH would be a good investment?
I only plan on purchasing a small amount of BTC (3-4) to start with.
If you have any books (or articles) you'd like to share that'd be a good read, please do share!
Thanks,
Makkie
1. You should better buy when it was 1800$ , it was 2-3 days ago 1800$ - 1 btc , if you were buying it , actually you could have profit 1000$ just for 1 btc , but stay tuned on coinmarketcap.com , when he goes down , buy , the bitcoin is going up
2.Hmmm I am not sure about Electrum but if you want a safe wallet , go on bitaddress and create one , i think is the safest method to get a wallet
3.Yes it will be a good investment , ethereum reached 400$ just in 1 year , and about bitcoin took some years to reach 400$ , I bought 500 eth when it was 7 usd and I still keeping him