Quote from: Andrew1337 on July 21, 2017, 07:00:05 PM

Quote from: makkie on July 21, 2017, 02:17:28 PM

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

I feel it is best to buy bitcoin in small quantities once in every week. It's very difficult to time the market and to buy at the very bottom before it explodes back up. The same can be applied to any coins. I do feel, that Waves, LTC, ETC are other good candidates after BTC and ETH. All the very best!