I’m about to buy and read this book.
Bitcoin 10,679. 01/23/2018 9:45 PM
QUALIFIER: DON’T PUT ANY MONEY INTO CRYPTO THAT YOU CANT AFFORD TO LOSE IN A DAY!
I’m initiating a Buy signal on Bitcoin.
Looking at a 1 year chart it appears to be at or near long term support. (Trend line support)
I’m a fan of Cryptocurrency.
My warning is you shouldn’t put more money into it than you can afford to lose.
Now that that is out of the way, here’s a simple guide on how to get started.
First you need to create a free wallet to hold your Cryptocurrency in. This will also give you an app which can easily give you quotes on some of the most popular currencies right now.
I’m using Coinbase and you can sign up for your free account here:
I’ve dipped my toe in by buying a little bit of each of what Coinbase has available. If I were to only buy one I’d buy Ethereum right now, if I were going to buy two I’d buy Bitcoin and Ethereum.
You can buy “smaller” amounts via a credit or debit card, larger amounts need to go through a bank account.
The reason I’m so excited about Crypto is it is a whole new paradigm on how we handle money. I can buy a certain amount of Crypto and go and buy something at a store or online, and there’s no bank or central government acting as middle man.
Regulation is probably inevitable but that I don’t see that as a problem or hindrance to growth, in fact I see it will be a catalyst to growth. When this becomes normalized enough that’s when the “big boys” will start to jump in with their billions.
At time of posting:
Bitcoin Cash $3,100.51
There are others, but those are the ones I currently own/follow closely.
I learn by doing so I knew I wouldn’t start to understand Crypto until I dipped my toe in.
Looking at a long term chart (20 years) of the QQQs, it looks like 170 could be in the cards.