Post
Topic
Board Beginners & Help
Re: My first knowledge in Bitcoin/Bitcointalk
by
youdacapt
on 24/09/2023, 20:21:06 UTC
I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

I see that there are couple of complains about your wordings and letters and i am pleased that you have taken the advice and made corrections. So i advise that you can add grammarly extension to your browser to assist you with spelling and others.

With regards to your op, i think you have done justice to the basics of bitcoin and crypto currency so i will advise that you do not apply emotions to your doings in crypto trading. And also have it at the back of your mind that either you trade; or you buy and keep for long term; they are all risky. (All forms of investment are a risk).

Always dyor and follow the simple paths; understanding the basics and triumphing!!