Quote from: bitcoinrocks on June 11, 2013, 07:15:19 PM

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best way to invest in Bitcoins is simply to buy bitcoins

How would you recommend I do this?

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Online wallets like coinbase is not recommended to fetch your roi . Cold storage is the way to go.

How does that work?

I'm just trying to buy and hold some Bitcoins. What should I do?

Hello fellow forum members,

I'm a long time lurker that decided to get into BTC and LTC investing / trading after doing some very simple mining at home for the past few months.

As to bitcoinrocks question:

How do you acquire bitcoins? Join an exchange like Mt. Gox or BTC-e or Camp-BX or similar (https://en.bitcoin.it/wiki/Buying_bitcoins)

Be prepared to wait for a while to get verified (due to Anti-Money Laundering requirements, also referred to as AML), and be prepared to wait for a while for your bank deposit or transfer to show up. A lot of people put money into a fund transfer service like Dwolla, and then send their money on to the exchange, where you change those dollars or euros into BTC or LTC or whatever currency you're interested in.

How do you store your BTC? You need a wallet, check out this "getting started" (http://www.weusecoins.com/en/getting-started) or this site (http://bitcoin.org/en/choose-your-wallet). Keep in mind that you have to have different wallets for BTC and LTC because they are different coins based on different blockchains. Its like having a USD denominated bank account, and another for EUR or GBP.

How do you make a profit with BTC and LTC? Simple - buy low, sell high... same as it has always been. You build a portfolio with a variety of risks, watch the markets for trends, crunch your own numbers, build experience, and be blessed with more good luck than bad.

That's it Cool

And there is my first post!