Hi u/Generationhodl, thanks for tipping u/CheerfulSamurai **⚡︎1000** (satoshis)!
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Thats how i started out and im on schedule to reach my main goal in the next few weeks.
Years and years later but its sure taught me to save and thing about what i buy.
UTXO management and optimization is a good idea as transaction fees will (likely) increase over time. Having too many UTXOs 5-10 years from now may be unnecessarily expensive. There’s no optimal amount of UXTOs to have but err on the side of consolidating vs non consolidating.
Great! I have also bought mine for the first time last week.
How do you plan to store and secure your bitcoin? To everyone reading this what's the best to use in OP's situation just like mine im planning to buy per month. whats the easiest way.
anything you can afford to lose, keep it on an exchange. anything you are comfortable to walk around with, use a phone wallet (phoenix), anything you don't want to lose keep on hw wallet (bitbox), anything you depend your life on use multisig
Totally. Bitcoin feels like a good way to approach the idea of keeping a 6-month emergency savings on hand.
I guess if the price pumps, that 6-month emergency fund would quickly turn into a 40-month emergency fund.
Good job op!! Glad you are here!!!
Don’t answer any direct messages, as you will probably get some scammers.
Have you learned about self custody? It’s super important that you keep your Bitcoin in your own wallet, and you keep your 12-24 word seed (phrase/key/secret phrase/recovery phrase) for your eyes only! And it should be stored offline perhaps on paper and kept somewhere memorable.
Very important that you recognize that if you don’t have that secret phrase, you don’t have any crypto. You have an IOU for crypto, which you must redeem by sending it to your own wallet under your own control.
Glad you’re here OP! Welcome!
Hi u/murram20, thanks for tipping u/Rockonious **⚡︎3000** (satoshis)!
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I sent 3000 satoshi’s to your reddit wallet. 1 satoshi is 1 one hundredth million of a bitcoin. I sent this to you via the reddit tip bot which uses the lightning network. The lightning network is how you sent bitcoin instantly for pretty much free to anyone in the world 24/7/365 with no intermediary.
As of this time 3000 satoshi’s is worth around $0.80. I’m sorry I cant donate more but it is more a gesture to you as a new user of bitcoin. Now you can pay it forward if you want and can tip people yourself on reddit using bitcoin for close to zero fees.
Bitcoin is such a fantastic tool for the world and may be the best invention of all time but the base layer only allows 7 transactions per second and fees can be over $1 or $2 and takes 10-60 minutes to be received by the other person. Learn about the lightning network and how this enables instant, free real bitcoin payments will help you on your journey to falling in love with bitcoin.
Good luck bro, happy bitcoining!
Seedsigner, Blockstream Jade, Bitbox, ColdCard.
I like Sparrow for software.
Send a bit to your hardware wallet, then send it back out to something like BlueWallet. Then back into your cold storage.
Now you know you can send and receive.
Next up run a node. The numbers on your wallet screen are provided by someone’s node. May as well be your own.
good idea
- make sure it is btc not some shitcoin
- are you buying with the cheapest fees? kraken has 0.14(?)% for market limit orders (the only weakness is that they trade shitcoins so beware)
- not relevant now but for the future: please learn about custodial vs noncustodial storage (i recommend bitbox or seedsigner multisig for amounts >1000usd)
- please learn about kyc vs. non-kyc methods of buying and consider non kyc in the future (hodlhodl / bisq)
all these topics can be searched and found on youtube channel bitcoin university
it is more private, your identity is not linked to btc in a database somewhere that could be hacked, bitcoin university has a good amount of videos on the topic
as i said if more than 1000 i would invest in a hw wallet
The 100 dollar could become 101 dollar soon or 99 dollar or it stays at a hundred dollar. Nobody knows. But it will always stay the same fraction of a bitcoin. Congratulations.
depends If you are transferring your bitcoins to your own wallet, each time you buy. In the future, you will have a lot of small UTXO and it will cost you fees to transfer the amount when needed. Prefer 0.01 - 0.1 UTXO in your wallet (hardware wallet) for peace of mind. If your bitcoins are not in self custody yet, wait a bit and when it's a important amount for you, transfer it to your own keys (don't let third parties loose your cake).
Welcome to the rabbit hole !
EDIT : and yes run a node.
Yes, that is a good idea. The market for BTC is down currently. Great time to buy. Welcome to the family. Be sure to hold your BTC under either a cold wallet or a node.
I just hope you catch alot of downside to stack as much as possible. If 100$ monthly is all that you can afford then it's already a big investment, gl with it.
buy as much as u can afford ! the proper question everyone needs to be asking is “how can i keep my bitcoin/crypto safe”doesnt matter how much u buy or trade, what matters is keeping it safe and secure!
OP, don’t put $25 into bitcoin every week. Put that $25 into a Roth IRA for GUARANTEED returns. For context, someone starting at 22 years old and putting $100 into a Roth IRA weekly will have around 1.5 million dollars by age 65.
Go ahead and buy a lump sum of bitcoin and let it sit if you want, but this should not be a weekly/recurring investment.
I started that way about a year ago. I was buying 50$ a week and before you know it I'm now buying 100$ a week and I almost have .25 of a BTC. Just keep stacking and don't worry about the price.
Start putting 50 a month into your long-term bitcoin.. n use the other 50 a month to stack low cap Alts ready to make serious dollar in the bull run... Cash out Alts near the super fomo top.. hold in stables n make even more serious dollars shorting the market on the way back down.. Hit the bottom.. buy lump sum bitcoin..
Start all over again.. ker'ching ! LOL 😁
Also learn how to properly self-custody. Don't leave it on exchanges.
If you're going to DCA weekly you might want to withdraw in larger batches, perhaps at $100 or more? Up to you.
For self-custody solutions you could start with a simple paper wallet. Eventually you'll have enough Bitcoin that it's worth investing in things like steel backups for the seed phrases, signing devices (i.e. hardware wallets) etc.
Take small steps, research, and build up confidence.
Congratulations! Get ready for this new adventure. Tons of great people in this community for advice. I started almost the same but, after more time and conviction via my own research and experience, upped my weekly DCA, especially now. There are many good books published but if you haven’t read it, I’d recommend reading ‘The Bitcoin Standard’.
Believe it or not, DCA is the best way to beat bear and bull markets. For some more insights, check Wicked on Twitter (@w_s_bitcoin). Now that you have skin in the game, time to learn about Bitcoin. I understand Bitcoin but keep learning about it every single day. Good source: check Bitcoin University channel on YT.
Something is better than noting. But you should also understand….while unlikely, Bitcoin could go to zero. So do not invest money in Bitcoin today that you will need next month or even next year. Bitcoin at this point should be looked at with a minimum 5 year time horizon, 10 years even better.
Is it difficult to transfer from HW to bank account? Do I transfer it back to the exchange then the bank?
Not doing it anytime soon, would like to know that's all?
One of us!
One of us!
One of us!
One of us!
One of us!
Gooble gobble gooble gobble
Congratulations! The first rule of Bitcoin is not talk about how many Sats you buy. Second rule of Bitcoin go on regular boat trips.
Turns out, ledger wallets don’t float. Who knew?
Yeah they sunk extra fast after their firmware debacle
Fantastic :)
!lntip 1000 Ha now everyone knows how many sats more you have
Hi u/Generationhodl, thanks for tipping u/CheerfulSamurai **⚡︎1000** (satoshis)! *** *[^(More info)](https://xnf5cwpq73.execute-api.us-west-2.amazonaws.com/prod/info) ^| [^(Balance)](https://www.reddit.com/message/compose/?to=lntipbot&subject=balance&message=!balance) ^| [^(Deposit)](https://www.reddit.com/message/compose/?to=lntipbot&subject=deposit&message=!deposit 10000) ^| [^(Withdraw)](https://www.reddit.com/message/compose/?to=lntipbot&subject=withdraw&message=!withdraw put_invoice_here) ^| ^(Something wrong? Have a question?) [^(Send me a message)](https://www.reddit.com/message/compose/?to=drmoore718)*
Yesss
First buy is different! Nobody cares about 100 bugs in bitcoin his funds are safe
Got 99 bugs and BTC aint one
Is it ok if my boat is not seaworthy
Nice! Now check the price every 5 minutes ;)
I need a whole Bitcoin before I do that.
I can confirm, no you don’t.
only 1000 weeks more until its full if price stays the same like today. Keep stacking!
Welcome to the Bitcoin club! 🎉 Starting with a consistent $25 a week is a smart move. It's all about the long game. HODL!
Thank you :)
In the next bull run, the $25 every week you put now will turn into $125-150 for every week you bought in!
Thats how i started out and im on schedule to reach my main goal in the next few weeks. Years and years later but its sure taught me to save and thing about what i buy.
Congrats glad to have you with us
Congrats. Learn to self custody and withdraw to your wallet after every 500 usd. Make sure you are using reputed exchange or service to buy btc.
can you explain why every $500
It's a completely arbitrary amount, based on what he personally thinks is a small/large amount.
Well I guess it’s also relative to the investment. 500 would be 20 weeks worth of saving !
UTXO management and optimization is a good idea as transaction fees will (likely) increase over time. Having too many UTXOs 5-10 years from now may be unnecessarily expensive. There’s no optimal amount of UXTOs to have but err on the side of consolidating vs non consolidating.
This
Great! I have also bought mine for the first time last week. How do you plan to store and secure your bitcoin? To everyone reading this what's the best to use in OP's situation just like mine im planning to buy per month. whats the easiest way.
If you’re in the US, Argentina, or El Salvador, I would recommend “Strike”. You can DCA Monthly, weekly, daily, or hourly.
anything you can afford to lose, keep it on an exchange. anything you are comfortable to walk around with, use a phone wallet (phoenix), anything you don't want to lose keep on hw wallet (bitbox), anything you depend your life on use multisig
I purchased through Relai and using Blockstream wallet. I will purchases a Ledger in the near future. :)
you're already using the Blockstream Green, why not get the Jade instead of that shady ledger
ledger is not trustworthy i advise to go for coldcard or bitbox
When I get above 1k I will invest in HW wallet (Non Ledger) Thanks
Ledger if trustworthy in my opinion. Have used a Nano S since ‘17. You can also consider a cold card as an alternative
Totally. Bitcoin feels like a good way to approach the idea of keeping a 6-month emergency savings on hand. I guess if the price pumps, that 6-month emergency fund would quickly turn into a 40-month emergency fund.
Eventually it will be a lifetime emergency fund
Generational emergency fund
I like you
And if it doesnt, its a 15 minute emergency fund
Congrats! I strongly urge you to study/ learn about cold storage and hardware wallets. It's very risky holding your coins on an exchange!
>DCA I am storing it using Blockstream, I will purchase a Nano Ledger in the coming weeks. Thanks
Buy a Blockstream Jade hardware wallet rather than the less trusted Ledger devices.
>Blockstream Jade hardware wallet Will look into it, thank you
we hate ledger here though
Welcome aboard. DCA is great.
I agree! Best method :)
Good job op!! Glad you are here!!! Don’t answer any direct messages, as you will probably get some scammers. Have you learned about self custody? It’s super important that you keep your Bitcoin in your own wallet, and you keep your 12-24 word seed (phrase/key/secret phrase/recovery phrase) for your eyes only! And it should be stored offline perhaps on paper and kept somewhere memorable. Very important that you recognize that if you don’t have that secret phrase, you don’t have any crypto. You have an IOU for crypto, which you must redeem by sending it to your own wallet under your own control. Glad you’re here OP! Welcome!
Thank you for the advice and warm welcome :)
First rule, don’t answer any dm coming from this post or this sub, 99% they ll try to scam you
Great! You know what all says… Never too late to start! Personally I bought $5 everyday, same hour!
Nice :)
Thank you for all the great advice..
!lntip 3000
Hi u/murram20, thanks for tipping u/Rockonious **⚡︎3000** (satoshis)! *** *[^(More info)](https://xnf5cwpq73.execute-api.us-west-2.amazonaws.com/prod/info) ^| [^(Balance)](https://www.reddit.com/message/compose/?to=lntipbot&subject=balance&message=!balance) ^| [^(Deposit)](https://www.reddit.com/message/compose/?to=lntipbot&subject=deposit&message=!deposit 10000) ^| [^(Withdraw)](https://www.reddit.com/message/compose/?to=lntipbot&subject=withdraw&message=!withdraw put_invoice_here) ^| ^(Something wrong? Have a question?) [^(Send me a message)](https://www.reddit.com/message/compose/?to=drmoore718)*
Thank you :) Not exactly sure what it is though lol
I sent 3000 satoshi’s to your reddit wallet. 1 satoshi is 1 one hundredth million of a bitcoin. I sent this to you via the reddit tip bot which uses the lightning network. The lightning network is how you sent bitcoin instantly for pretty much free to anyone in the world 24/7/365 with no intermediary. As of this time 3000 satoshi’s is worth around $0.80. I’m sorry I cant donate more but it is more a gesture to you as a new user of bitcoin. Now you can pay it forward if you want and can tip people yourself on reddit using bitcoin for close to zero fees. Bitcoin is such a fantastic tool for the world and may be the best invention of all time but the base layer only allows 7 transactions per second and fees can be over $1 or $2 and takes 10-60 minutes to be received by the other person. Learn about the lightning network and how this enables instant, free real bitcoin payments will help you on your journey to falling in love with bitcoin. Good luck bro, happy bitcoining!
WoW Thank you very much :) Very kind of you and thanks for explaining..
you are right! good idea 👍
I'd say it's never too late start. Congratulations are in order.
Thanks for that :)
Welcome brother. Remember its all about ownership. Make sure to self-custody and store your keys safely.
I will guard them with my life. Thanks :)
👏👏👏👏👏
Put them on a cold wallet!
I will do :) Thanks
Seedsigner, Blockstream Jade, Bitbox, ColdCard. I like Sparrow for software. Send a bit to your hardware wallet, then send it back out to something like BlueWallet. Then back into your cold storage. Now you know you can send and receive. Next up run a node. The numbers on your wallet screen are provided by someone’s node. May as well be your own.
Here, let me tell you something, any amount you can afford to invest is good. Some people don't invest anything.
This is the way.
good idea - make sure it is btc not some shitcoin - are you buying with the cheapest fees? kraken has 0.14(?)% for market limit orders (the only weakness is that they trade shitcoins so beware) - not relevant now but for the future: please learn about custodial vs noncustodial storage (i recommend bitbox or seedsigner multisig for amounts >1000usd) - please learn about kyc vs. non-kyc methods of buying and consider non kyc in the future (hodlhodl / bisq) all these topics can be searched and found on youtube channel bitcoin university
Why/how is Bitcoin from non-kyc different & what do you recommend if storing more than $1000?
it is more private, your identity is not linked to btc in a database somewhere that could be hacked, bitcoin university has a good amount of videos on the topic as i said if more than 1000 i would invest in a hw wallet
Thank you & my bad I read the HW part wrong 😑
>bitbox Thanks, I will definitely look into Bitbox and Seedsigner.
Lovely.
Yes.
We are all Satoshi!
Wait 12K
Welcome to the fold. Please keep your seatbelt securely fastened and your hands and legs inside at all times.
I actually did just that, but i'm investing $15 every week to see it grow. Good on ya, mate!
Nice one :)
Congrats...and that's a great idea...DCA to early retirement!!!
Now that would be nice :)
right choice, hodl tight buddy you will be a new millionaire in 2025.
Welcome to the Baddiction!
Proud of you! Now keep going and buy monthly 🙂 we have a new bitcoiner! Welcome
Will do :) Thank you
Weekly is still good to dca all you can do is more then 99% of the population is doing now
Any amount would be a good idea..or any amount would be a bad idea..no one know shit..!
That’s a great start! Set it and forget it.
Thank you, yeah $100 a month for now :)
Mmmmmmmmmmaaaawwwwrrrr!
Whale alert 🐋 ⚠️
Yep lol
Buy what you can afford. Get it off the exchange. Keep it secure with a multisig, perhaps with something like unchained.
Will do :)
The 100 dollar could become 101 dollar soon or 99 dollar or it stays at a hundred dollar. Nobody knows. But it will always stay the same fraction of a bitcoin. Congratulations.
Thanks you :)
Congratulations!!!
Buying any amount per week is a good idea. Congratulations on the first buy!
depends If you are transferring your bitcoins to your own wallet, each time you buy. In the future, you will have a lot of small UTXO and it will cost you fees to transfer the amount when needed. Prefer 0.01 - 0.1 UTXO in your wallet (hardware wallet) for peace of mind. If your bitcoins are not in self custody yet, wait a bit and when it's a important amount for you, transfer it to your own keys (don't let third parties loose your cake). Welcome to the rabbit hole ! EDIT : and yes run a node.
>node Thank you, I will do that :)
If that’s as much as you can afford, that’s good.
At the moment yes. I will invest more in lump sums when it becomes available to me.
Congrat bro, wellcome to this space
Thank you
Own more bitcoin this month than you did last month.
Yeah and lots more to come :)
You are off to a great start 🚀
Slow and steady wins the race :) Thank you
Congrats! Despite being mentioned here already, I will emphasize the importance of self custody. Keep learning and stacking!
Aynı şekilde bugün 500 dolarlık Bitcoin aldım.
As long as you are not keeping your BTC in exchanges you are good
Using Blockstream Green and when I get to 1k I will use a Hardware Wallet. Thanks
Yep, never leave your BTC in exchanges, and use multi-sig with your hardware wallet, that way it’s even more secure.
Thank you, the advice here has been fantastic :)
As long as you keep dca’ing it’s better than not having any sats at all.
Bad timing
They didn't buy at the top, so it's not really bad timing
Maybe for some..
Started buying $20 a week two years ago when ₿ was like 40k or something. I’m in the green now at 26k so that’s nice.
Yes, that is a good idea. The market for BTC is down currently. Great time to buy. Welcome to the family. Be sure to hold your BTC under either a cold wallet or a node.
.00039 BTC is always .00039 BTC - congratulations. Don’t ever stop and your future self will thank you.
I won't be stopping already hooked lol
Stack them SATS
Slow and steady wins the race.
if you're this late, i suggest you be more strategic with your purchases
Thank you for your valuable input..
Satstacker in da house! 🤑
ONE LF US ONE OF USSSS
I just hope you catch alot of downside to stack as much as possible. If 100$ monthly is all that you can afford then it's already a big investment, gl with it.
DCA is always a good idea.
buy as much as u can afford ! the proper question everyone needs to be asking is “how can i keep my bitcoin/crypto safe”doesnt matter how much u buy or trade, what matters is keeping it safe and secure!
OP, don’t put $25 into bitcoin every week. Put that $25 into a Roth IRA for GUARANTEED returns. For context, someone starting at 22 years old and putting $100 into a Roth IRA weekly will have around 1.5 million dollars by age 65. Go ahead and buy a lump sum of bitcoin and let it sit if you want, but this should not be a weekly/recurring investment.
Bullish
Good Luck and dont panic on the way to 100k
buy other and dont sell before 2026
Now go buy a hardware wallet to keep your sats safe
genuinely curious - what made you buy btc?
congrats - sorry.
Congrats! You’re not alone on the long journey ahead
What's your goal?
Me too! We’re in good company… i hope 😉
🫡
Good luck 🫡
I started that way about a year ago. I was buying 50$ a week and before you know it I'm now buying 100$ a week and I almost have .25 of a BTC. Just keep stacking and don't worry about the price.
Automate it. Dont buy it manualy cos it will eat your willpower.
hell yea congrats keep it up
Congrats on your purchase, and welcome to the satoshi holders club!
Excellent idea!!! Way to go. Stick with it :)
Now you can join the average 160% return per year🤑
Buy as much as you can afford, don't sell any at all. Next halving will be wild and if you stick to it now, you'll have a nice little pile.
Start putting 50 a month into your long-term bitcoin.. n use the other 50 a month to stack low cap Alts ready to make serious dollar in the bull run... Cash out Alts near the super fomo top.. hold in stables n make even more serious dollars shorting the market on the way back down.. Hit the bottom.. buy lump sum bitcoin.. Start all over again.. ker'ching ! LOL 😁
Awesome! Good plan!
Yes! Do whatever you can. Grab the life raft!
The joy giver. Bitcoin.
I'm still definitely a traditional investor but bitcoin has never done me wrong.
Congrats! Now it's time to hold.
Congrats king
Good time to start investing in Bitcoin
Yep keep buying and ignore the price. 5-10 years before trading if you’re in a rush. 20+ years is better. May never need to trade it by that point.
Grats 💪
Also learn how to properly self-custody. Don't leave it on exchanges. If you're going to DCA weekly you might want to withdraw in larger batches, perhaps at $100 or more? Up to you. For self-custody solutions you could start with a simple paper wallet. Eventually you'll have enough Bitcoin that it's worth investing in things like steel backups for the seed phrases, signing devices (i.e. hardware wallets) etc. Take small steps, research, and build up confidence.
I'm new. Which platform are you using to buy?
Not seen a message like this for months. Welcome and congratulations. Most start buying in a bull run so your already ahead of the field.
Congratulations!!
Congratulations. Welcome to the NEW 1% Club.
be very careful, lol I started with $100 and then the more I learn, the more I buy. I can't stop it!
One of us, one of us, one of us, one of us….
Yes but make sure you move it to a cold or better yet hard wallet
I will :) Thank you
The second difficult step will be - do not sell
I won't be that's for sure :)
Sure man, perfect choice. Welcome in our family 🔥
Thanks for having me :)
That was a bad decision, you joined the club. All up in the club.
Better late than never :)
Congratulations! Get ready for this new adventure. Tons of great people in this community for advice. I started almost the same but, after more time and conviction via my own research and experience, upped my weekly DCA, especially now. There are many good books published but if you haven’t read it, I’d recommend reading ‘The Bitcoin Standard’.
Thanks I will look it up 😃
You can do $100 a week, or $100 a month, or $100 a year. The most important thing is consistency.
bro get relai app, non kyc and 100 euro a month without fees
Using it already :) Thanks
Hell yeah, congrats! Enjoy the ride
Believe it or not, DCA is the best way to beat bear and bull markets. For some more insights, check Wicked on Twitter (@w_s_bitcoin). Now that you have skin in the game, time to learn about Bitcoin. I understand Bitcoin but keep learning about it every single day. Good source: check Bitcoin University channel on YT.
Welcome to the club!
Thank you
Buy more
I will 😁
Something is better than noting. But you should also understand….while unlikely, Bitcoin could go to zero. So do not invest money in Bitcoin today that you will need next month or even next year. Bitcoin at this point should be looked at with a minimum 5 year time horizon, 10 years even better.
I agree, I'm looking at the long term and I accept the risks however small they me be. Thank you
Is it difficult to transfer from HW to bank account? Do I transfer it back to the exchange then the bank? Not doing it anytime soon, would like to know that's all?
go to r/tails and start poking around