Post
Topic
Board Bitcoin Discussion
Re: I've invested around 450 dollars into bitcoin so far and I am 16 years old
by
MichaelHowell
on 19/02/2023, 07:25:26 UTC
You are doing the right thing, saving little by little in Bitcoin. Doing that with fiat is pointless as your money is only losing value continuously.

Tips? I think you need to learn about hardware wallets. Learn to self-custody what you have. I haven't heard about Stockpile but I doubt it is an open source non-custodial wallet. Also, don't be surprised and lose interest once the market goes through a severe winter. It has discouraged a lot. It has pushed many to panic sell, with a big loss. Learn to develop a diamond hand. It pays off in the end.

Yeah most likely I'll probably lose some money but at the end of the day I own bitcoin. Plus I'm going for a long-term investment, not a short-term one. Investment is not always uphill. Diamond hands hahaha  Grin Grin Grin