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.
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.
Your uncle is right about that. What's his account name?
Don't get me wrong but we've heard too many of this type of stories here. Generally, they make up these stories to get merit. If what you say is true, there is no problem. You can find answers to all your questions about Bitcoin here. Don't be afraid to ask questions, even simple ones. Just remember to do your own research. The questions you ask have probably been answered here many times before. If you are young, consider Bitcoin as part of a long-term investment. Don't invest the money you urgently need in crypto-currencies. Buy coins regularly with the money you set aside for investment. Good luck.