Post
Topic
Board Beginners & Help
Re: Advice for a newbie
by
lordquanta
on 31/12/2017, 13:39:21 UTC
Hi, As you can tell, I'm new to the world of Bitcoin.

I have learned a lot about the basics of Boitcoin, but there is much more to learn. I hope to get some advices from the pro!
Such how to invested in bitcoins and other ways to buy Bitcoins ( not only exchanges). Also whats' your personal experience using the Bitcoin and what's your journey?

Bitcoin Exchanges are notorious for unethical and disappear in thin air overnight. thus your doubt is not entirely baseless. At the same time exchanges offer better control and ease in managing your coins to money trade. That is suppose you want to buy or sell bitcoin or for that matter any other coin or token. If you buy bitcoin from a vendor then you dont know what will be the end price for the purchase of bitcoin as from the time you put money in their bank account from your bank account takes time. Meanwhile if bitcoin price rises like crazy (which happens all the time) then you may get less coins. Same could happen with selling price manipulation. Some vendors/web-based/app-based bitcoin companies  are notorious for these kind of practice.
It is better to buy whatever amount you could get with your money and hold it for long.