Investing and Education introduction on Cryptocurrencies and Blockchain Technology

in #cryptocurrency7 years ago (edited)

Welcome to the land of Cryptocurrencies and Blockchains:

The blockchain is a powerful concept. It is a fundamentally different way of thinking. Knowledge is the most powerful currency and what will enable you to make money investing. I strongly suggest you only invest in coins that you understand and grasp; Patience pays. I believe we are in the S curve of technology adoption and in the Early Adopters stage. - see article: https://bitcoinmagazine.com/articles/op-ed-bitcoin-not-bubble-its-s-curve-and-its-just-getting-started/

How i value coins:

Market Capitalization

What problem does the coin solve now and for the future?

Coin supply

Circulating coin supply

I also look at trading volume. Coinmarketcap - https://coinmarketcap.com is a good website to get to grips with.

The best ways i have found good investments are from Youtube and Twitter.

I think it is important to get your information from multiple sources which provides you with a greater frame of reference to base your decisions on.

Here are some sources I suggest:

Youtube channels:

Lookup some John McAfee interviews -


Lookup some talks from Vinay Gupta -

Ivan on Tech - https://www.youtube.com/user/LiljeqvistIvan

Altcoin Buzz - https://www.youtube.com/channel/UCGyqEtcGQQtXyUwvcy7Gmyg

The right trader - https://www.youtube.com/channel/UCkpMhY4N4ZjpqKMIjzLplKw

Tyler S - https://www.youtube.com/channel/UCgBQ6YsN4oUTjbAvIwCFLog

Crypto Love - https://www.youtube.com/channel/UCu7Sre5A1NMV8J3s2FhluCw

Dollar vigilante - https://www.youtube.com/user/TheDollarVigilante

Coin Mastery - https://www.youtube.com/channel/UC4nXWTjZqK4bv7feoRntSog

Crypto Jack - https://www.youtube.com/channel/UCVicB2XlRveQBt7vBHhIpyg

I disagree with most of the points made in this article but it is certainly worth reading -https://www.technollama.co.uk/confessions-of-a-bitcoin-sceptic

Twitter Accounts:

These are good to start with:

https://twitter.com/PeterLBrandt
https://twitter.com/CryptoChoe
https://twitter.com/cryptodemedici
https://twitter.com/VentureCoinist

Learn about ICOs if you do not know already.

Projects i am interested in:

zcash
Monero
OmiseGo
EOS
Engima
Nebulas
Bitcoin
Gifto
Litecoin
STEEM
Digibyte
Tron
Medicalchain - ICO
BABB - ICO
NEX - ICO

Websites:

https://bitcoinmagazine.com/articles/
https://www.coindesk.com

Exchanges to buy coins from:

Binance for trading alt coins - referral link to reduce your trading fees https://www.binance.com/?ref=11613917

Coinbase and GDAX - this requires a second form of ID verified like passport. - referral link - https://www.coinbase.com/join/592070a70b9607f7fa057f66 - if you join through this link you will receive $10 worth of Bitcoin after buying $100 worth of bitcoin and so will I.

Gate.io - referral link (if you use this link to signup you get 10% of your trading fees for 12 months - https://gate.io/signup/824328

Kucoin - this is quickly becoming my favourite exchange - referral link - https://www.kucoin.com/#/?r=E3aYja

Lookup bittylicious as well.

Security tips:

Create a new email address to sign up to exchanges with and do not your personal email address.
Always look to enable Two Factor Authentication on all your accounts.
Create a different password for each account that you have.

Trading concepts:

Stop-loss - this is a sell order which triggers based on an event i.e price dropping.

Limit order - this an order you place on the market and it will get filled if there are buyers or sellers at the price you put.

Market order - i suggest this to start of with. It does it for you essentially.

Please be careful and only invest after doing your own research. Always look for the motives behind what people in this space are saying, for example someone might be dishonest in promoting a coin heavily because they want the price to go up so that they can sell it for profit!