The world of crypto currency is moving really fast. Over the past 5 years Bitcoin outperform any other investment like gold, stock market or real estate. Over the past years hundreds of new crypto currencies came on the market. Most of them are just copy cat or only have a few features that make them different. This year will be extremely volatile as people are expecting a big change in the cryptocurrency market. The big advantage I see for cryptocurrencies is that they can be used worldwide and there are no fees or taxes! At the moment you have to pay in most countries if you withdraw your money out of an ATM.
[Read more](https://blog.cryptocurrencylive.com/how-to-get-started-with-cryptocurrency/)
When I got started with cryptocurrency in late 2013, I did not really have a strategy on how to make profits. My main goal was to buy some bitcoins and hold them until they appreciated in value.
I was never really interested in trading, because I knew that I could not possibly be as good as the professional traders out there. At least, that was my excuse for not trying.
After reading a few articles on cryptocoinsnews.com, I decided to give it a try and learn more about trading techniques. It was quite overwhelming at first, but after a few months of reading and watching tutorials on youtube, it became much easier for me to understand how the market works.
My strategy today is actually pretty simple:
1) Buy altcoins when they are cheap
2) Sell them when they reach their all-time-high (ATH) or when they start showing signs of weakness.
2a) Sometimes, you want to wait until the price reaches its ATH before selling your coins. Other times, you want to sell your coins as soon as possible if you see them losing strength (for example: when the market is in a downtrend). It all depends on your personal preference and risk tolerance.
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My name is Jeremy and I am a cryptocurrency investor. This blog is about how to invest in altcoins and make as much money as possible. I will tell you about my experiences investing in various altcoins and hopefully you will be able to profit from what I learned.
If you are looking for ways to make money online then you have probably heard of cryptocurrency. Cryptocurrency is digital currency that can be used to transfer funds from one person to another without the need for a central financial institution. The most popular cryptocurrency is Bitcoin, but there are many others including Litecoin and Ethereum.
I started investing in cryptocurrency after reading an article on Forbes about an early adopter who made millions by buying bitcoins when they were first released in 2009. His name is Jerry Yang and he later became CEO of Yahoo! Inc.. He sold his company for $5 billion dollars which made him one of the richest men alive today! Yang now invests primarily in startups through his venture capital firm AME Ventures LLC which manages over $1 billion dollars worth of assets under management.
So how did this guy make so much money by investing early on? Well, he bought low and sold high just like any other stock trader would do with any other asset class such as stocks or bonds except instead of
It’s been a while since I’ve written anything, and I’ve been itching to write more. I’ve been trading cryptocurrencies pretty seriously over the past few months, and I think it’s time to share some of my expertise with you.
The last post I wrote was about how to get started with cryptocurrencies. It seems like a lot of people liked it, so I won’t be repeating myself too much. If you haven’t read that post yet though, I suggest you start there.
A lot has happened since then, so let me catch everyone up:
Bitcoin is still king
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.
Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems.[1] The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.[2]:ch. 1
Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses.[3] Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. Additionally, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal information.[4]
It’s a new kind of money. People are buying Bitcoin because it’s like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment. Unlike traditional fiat currencies, there is no central bank that can take proactive measures to protect the value of crypto-currencies from free falling. As you’ve seen recently with the Greek crisis, the governments of some countries have very little control over their monetary policies. Cryptocurrencies operate independently of central banks; they are immune to the sorts of crises that plague fiat currencies.
For more information on Bitcoin, you can consult the original whitepaper or read on Wikipedia
How Does Bitcoin Work?
Bitcoin has all the features one would expect in a currency: it is portable, durable, divisible, recognizable, fungible, scarce and difficult to counterfeit. If you want to learn about how Bitcoin works from a technical point of view, this video is fantastic. But if you want to know what it means for everyday people like you and me, read on!
It’s fast. You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment. Your recipient doesn’t need a bank account, or even a bitcoin wallet. All they