Quote from: Abbatty on June 30, 2024, 10:13:55 PM

Quote from: Oshio-man on June 19, 2024, 04:38:12 PM

I know there are some newbie thinking what to do to hold bitcoin, first, if you save money in your bank account, you can use the money to buy bitcoins and hold which is the wish of many holders in the community, secondly, if you grow your bitcointalk.org account to full member above and apply for signature campaign, and if you are accepted in that campaign, you can hold bitcoin which is the easiest way many people use to hold bitcoin, thirdly, you can sell you land and property to hold bitcoin, which I have see someone on television some years ago, sharing his wealth secret to people, how he sold the land he inherited from his father to buy bitcoins and hold for long term before he sold to make money that turned him to millionaires in the country. What are the other ways people can hold bitcoin.

Teaching people how to earn and own a bitcoin is not bad but next time you want to teach people make sure you carry out research properly and understand properly what you are teaching. First two ways you mentioned were okay but your third method of acquiring bitcoin is a wrong move, owning a bitcoin is not a do or die thing so there is really no need to sell your land or property to buy bitcoin if you don’t have the money yet you just have to find a work or other means rather than selling a property or borrowing money to buy bitcoin. Landed property is also an asset that can make you profit in years so it is also a valuable asset too.

Next time Learn first before you spread wrong information, this is why newbies teachings are not considered valuable

If you want to become a holder or investor of Bitcoin you can use two methods. First if you have a lot of money you can invest in Bitcoin with a lump sum of money which is very expensive for you. The second is that you can start depositing bitcoin regularly with a portion of your income every week or month with any amount you can afford. But in this case it may take a long time to get your desired bitcoin stash but gradually you can increase your stash and size over time.

The decision to invest by borrowing money may not be good for you because the price of Bitcoin is volatile and its value may go downwards at any time so you should not take any risk. Your goal should be to keep accumulating bitcoins from your own minimum assets at regular intervals and for a long period of time.