This is why I just bout 20 Bitcoins

I second this.

TLDR: * Keep you coins safe in an offline multisig wallet. * Bitwage is awesome! * Don't let people separate you from your coins, no matter how slick their presentation is.

I signed up for Bitwage.co a few weeks ago and it is a fantastic service. I get paid every 2 Thursdays, and my Bitcoins normally arrive on Friday afternoon. It was super easy to set up. Please, please, please, set up a secure multisignature wallet (I use the Electrum wallet myself, but there are a ton of other good solutions if you do some research). The other temptation that I would avoid (I learned from experience) is to avoid all of the "shiny new pennies" there. Every week, there is some new altcoin ICO, or some such other money-making scheme. Most of these will just end up being well-devised plans to separate you from your Bitcoin. Now matter how promising the new idea sounds, I just try to avoid them now. I also NEVER leave any of my Bitcoin on an exhange for any significant period of time.

I'll give you an example: Shiny New Coin sounds fantastic and they are having an ICO on Bter. You read the white paper and it sounds fantastic. In the back of your mind, you might think "I could invest in this and double by 20 BTC virtually overnight". I almost got tempted to invest in an altcoin that I won't name because it sounded promising. I decided not to do it. The day after I would have sent my BTC over to buy the coin, the exchange got hacked and lost over 7,000 BTC.

My Lesson Learned: If there is an investment opportunity that sounds promising, I will NEVER send all or a significant portion of my BTC holdings over. There was one opportunity that I saw a few months ago that was promising enough that I invested 1% of my Bitcoin holdings in, and that Is about my limit. For the most part, I keep my bitcoins is secure long-term multi-signature storage, and I strongly recommend that you do the same.

/r/Bitcoin Thread Parent