Ninjastic
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Board Trading Discussion
Re: How do I invest (safely) in Bitcoin for the long term?
by
StarofBTC
on 05/09/2017, 06:37:41 UTC
Quote from: pungopete468 on September 04, 2017, 02:48:31 AM
Quote from: mia khalifa on September 04, 2017, 02:42:41 AM
Quote from: rollsroyce on August 24, 2017, 01:38:10 AM
Hello,

THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN

I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.

I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks

Long Term What is the "best practice" processes to buy and sell BTC?

Where is the best place to buy BTC using USDs

Where is  the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary

What is the best place to Sell BTC using USDs
you can buy BTC in a market that has a high volume of exchange such as bittrex, for storage you can store in bittrex by installing 2FA security.

Saving bitcoins on trading sites is never safe as you never know what will happen to those sites in future as bitfinex scammed many people in the past and ran away with tons of bitcoins of people so its good to buy them and save in offline wallet to keep them safe.
Yes you are absolutely right. Trading sites will have no as such security as many of them don’t have any valid certificates or being official. So scams are there in market, as you said, bitfinex have fraud a huge number of traders. So keep your bitcoins in offline wallet for all type of security.