Quote from: _BlackStar on September 12, 2022, 05:48:48 PM

OP, by the way you could also consider moving this thread to a trading discussion board instead of a bitcoin discussion board.

Yeah there are some elements belongs to trading still i think the Topic is more relevant to the BTC Discussion so lets the the others response.

Quote from: ChiBitCTy on September 12, 2022, 11:19:56 PM

This is a pretty nice write up and I can tell you took some time doing so, appreciated. One thing that I would add or mention with your write up..I believe mycelium works fine with android devices, but I don't think that it works with iPhones. I used to have it on the iPhone and they simply stopped supporting the app. Luckily I was able to get my bitcoin off of it, but just a heads up, you might want to build that note in to your write up. Otherwise, good stuff.

Thanks for your appreciation,

Quote from: Rruchi man on September 12, 2022, 06:40:53 PM

Quote from: Hamza2424 on September 12, 2022, 05:12:05 PM

4: Prevent from News Cycle:

This can also be difficult to achieve since the news that you have made a conscious effort to avoid listening to or follow may also be headlined (posted) here in the forum or shared amongst friends and it will definitely arouse your attention.

If you decide long term investment in crypto, have a strong resolve to hodl regardless of whatever you hear. Having such a resolve prepares you to accept the possibility of any sort of news, but hinges you to the resolve that you have made to hodl regardless. It requires a lot of discipline, but it is not impossible.

Exactly point is its all up to your determination and grip on your investment as far you are confidential about the market you can easily avoid the news cycle but if there comes a weak mindset then thats a easy trap for you and you can lose potential assets.

Quote from: sheenshane on September 12, 2022, 11:05:09 PM

Quote from: Hamza2424 on September 12, 2022, 05:12:05 PM

1: Use Dollar Cost Averaging (DCA) Technique:

In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop. Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.

Most of Us, even

That's very true about 80%+ Bitcoiners do DCA. DCA can be more worthy instead of the savings account as BTC market follow all these phases, Accumulation in bear, Sideways in Consolidation zone and Mark Up/ Profit booking in Bull Run. DCA minimize the risk on the investment which attracts the users and a time to time investment helps to create better Avrage price setup for your assets more positive results can be obtained through this system.

Quote from: Doan9269 on September 12, 2022, 06:26:56 PM

Quote from: Hamza2424 on September 12, 2022, 05:12:05 PM

I had discussed some of the wallets types before, you can go for hardware base crypto wallets for better security, and I only mentioned 3 hardware wallets there

I appreciate the effort put together in bringing this up, nevertheless you could have lay more emphasis on hardware wallet here as well aside the embedded link provided to your previous topic on that, also there is more need as well to add the type of coins each wallet support, but in conclusion, its all a beautiful display of efforts you've put out altogether to present this as part of your contribution to the forum.

Thanks Dear, I've got your point and working on it, My previous topic seems to be weakly composed and low researched because i was trying to move onto the basic go through of that topic for new comers but still there are flaws in it. I think now i should cover both Hot and Cold Wallets one by one again with more detailed information as i need to also follow some of suggestions mentioned in replies.