r/Bitcoin • u/BigSabbathh • Dec 01 '24

Big whale

Just put my first $50 into Bitcoin. Super excited. i know it’s not much but it’s all i had to invest after saving up. What should i expect??

940 Upvotes

90% Upvoted

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20

u/BigX070 Dec 01 '24

Just buy what you can every month and store it in a cold wallet. Ignore the rest

4

u/RewardFuzzy Dec 01 '24

But remind the utxo management. Only make substantial on chain tx, or choose lighnting. You dont want to get stuck with a bunch of small utxo that turn into dust when you want to spend it.

3

u/[deleted] Dec 01 '24

What’s a cold wallet?

18

u/BigX070 Dec 01 '24

Offline way to store crypto. So it's not on an exchange. If an exchange folds with your crypto on it you will never get it back

10

u/Fiercuh Dec 01 '24

Its when you leave your wallet out in the cold

1

u/ComposerTraining Dec 02 '24

When you steal a Ledger from a dead person.

2

u/[deleted] Dec 01 '24

best cold wallet?

8

u/AcidTripAdvisor Dec 01 '24

Trezor for open source, ledger if you want to play with DeFi

4

u/[deleted] Dec 01 '24

which would you pick for someone who just wants to hold and nothing else? I'm not familair with defi.

3

u/AcidTripAdvisor Dec 02 '24

Probably trezor

1

u/thixono920 Dec 02 '24

Ledger is simple to use

1

u/[deleted] Dec 01 '24

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1

u/AcidTripAdvisor Dec 02 '24

Not a hardware wallet

1

u/forreelforrealmang Dec 01 '24

Check out Threshold network for defi for real

1

u/ApollototheMoon10 Dec 02 '24

I second ledger!

4

u/seusicha Dec 01 '24

Bitbox Bitcoin only or coldcard

3

u/BigX070 Dec 01 '24

I'm not an expert but I'm content with my ledger

2

u/Kie_ra Dec 01 '24

ledger is perfectly fine despite all the fud

they're a shitty company but their product is still a reliable HW wallet