Plan for a beginner

Did some YouTube watching this weekend as I honestly didn't fully understand the concepts behind BTC, and wanted to learn the ropes. I honestly had no idea you could purchase a fraction of BTC unstead of a full share, nor about the home USB miners you could purchase (which don't stand a chance). I think I'm going to dabble this week and curious if this sounds like a good plan: Sign up at CoinBase, maybe with a referral link for free money. Transfer $200 to CoinBase, and purchase BTC with all of it. Purchase a Ledger Nano S-Plus, and transfer my keys and BTC to it. Set up auto purchase of $30 every month through linked credit card. Leave it alone until I retire in 15 years. Also, as I mentioned, they have those mining hub kits for seven USB sticks you can use to mine and hope you hit the lottery. After seeing the mining which is being done around the world by those giant farms filled with tech, I've decided to not get into the mining game. You really don't stand a chance up against those farms, but that's just me. I'd rather save the $300 and put it in BTC. submitted by /u/machine_74 [link] [comments]

Apr 13, 2025 - 16:59

Did some YouTube watching this weekend as I honestly didn't fully understand the concepts behind BTC, and wanted to learn the ropes. I honestly had no idea you could purchase a fraction of BTC unstead of a full share, nor about the home USB miners you could purchase (which don't stand a chance). I think I'm going to dabble this week and curious if this sounds like a good plan:

Sign up at CoinBase, maybe with a referral link for free money.
Transfer $200 to CoinBase, and purchase BTC with all of it.
Purchase a Ledger Nano S-Plus, and transfer my keys and BTC to it.
Set up auto purchase of $30 every month through linked credit card.
Leave it alone until I retire in 15 years.

Also, as I mentioned, they have those mining hub kits for seven USB sticks you can use to mine and hope you hit the lottery. After seeing the mining which is being done around the world by those giant farms filled with tech, I've decided to not get into the mining game. You really don't stand a chance up against those farms, but that's just me. I'd rather save the $300 and put it in BTC.

submitted by /u/machine_74
[link] [comments]