2 upvotes, 1 direct replies (showing 1)
View submission: /r/Bitcoin FAQ - Newcomers please read
Thank you! So you just keep it on there sitting? Or do I buy and sell everytime it grows? Planning on a small investment of €100 because it is my first time.
Comment by BinaryResult at 21/12/2017 at 13:33 UTC*
6 upvotes, 1 direct replies
Personally I would just treat it as buying a treasury note that matures in 5-10 years and leave it until maturity, you can use that time to educate yourself on the long term value proposition of Bitcoin and why it is worth the investment. Trying to trade the market is a good way for newcomers to lose money.
For a small investment the hardware wallet is probably not justified, you can move them to a mobile or paper wallet after purchase instead.
Paper wallets take a little effort to generate securely (you want to create them using a clean OS on a machine with no internet connection, look at bitcoinpaperwallet.com for instructions) but they offer high security.
If you choose to use a mobile wallet you should also be fine with that amount just make sure to write down your recovery seed words and store them somewhere safe.