Hi

I've been into Bitcoin since May 2011, but I haven't created an account here until now.

I read some topics here and some things come up over and over again, so I thought I'd write something that would have been useful to myself if I were a total Bitcoin-newbie now.


1) Stay away from mining

If you wanna try mining just to see how it works, that's fine of course. I haven't mined since 2011, more recently I owned ASICMINER shares, but now I stay out of all mining companies. As far as I can tell it's a gigantic lottery right now, maybe others can see more clearly. But don't mine yourself, you'll be up against professional miners with increasingly slim margins.


2) You're still an early adopter

Everybody wish that they had been earlier into bitcoin, it was the same when I first started. But truth is it's still early.
Don't be tempted to invest in altcoins instead to feel more like an early adopter. A few altcoins have some technical novelty (although not a percent of a percent of the innovations that bitcoin had when it came), but it is very obvious that the vast majority of altcoins came into existence because people were annoyed that they missed the bitcoin gravy train.


3) If you want to get your hands on as many bitcoins as you can you should...

Not visit faucets, not look for giveaways, not beg, not mine, but...

Get a regular job, don't buy unnecessary shit and save in bitcoins. Sorry, but the "easy solutions" lead nowhere like always in life. Register on an exchange and buy BTC for fiat. This is a marathon, not a sprint.