BITCONNET, BITCOIN, CRYPTO ALT COINS and Ether
I have always wanted to invest in bitcoins and all things crypto.
Like many people even though I read about bitcoin when it was still a "concept" and just launched I failed to take off with launch and been kicking myself in the backside eversince then.
I have now after much debate finaly set a side an amount of $400 as the amount that i am willing to invest and depending how things go possibly loose. I have just recently set up my wallet, got a few crypto exchanges that i would like to use, brushed up on some basic knowledge about all things crypto, bitcoin and ether etc.
Despite all this I still cant decide on where to focus my investments (maybe this is because I still want to learn more about investing techniques, strategeries etc as I love nothing more than just soaking up knowledge as i am bit of a bookworm and knowledge vampire)
Any help and advice on the following questions would be helpful :
A) What books would you recommend that explains and teaches various bitcoin investing stratergies, psychology of trading / investing etc.
B) Other than udemy course can anyone recommend other online courses that teaches about bitcoin investment trading methodologies etc. Or youtube channels.
C) As I am located in Australia are there any Aussie groups or websites/forums that would be worth joining.
D) Is bitconnect worth the risk of joining and starting off on their lending/ loan program. My concern is that if and when it unfolds to be a MLM ponzi scam, people will panic and start pulling out their coins/money. They can only do so by converting their bitconnect coins to bitcoin. In this scenario all that compounding interest will be for naught as when the price of bitconnect coins plummets I will in turn be able to purchase less bitcoins withit in order to cash out completely. Therefore this loan and compounding interest can be a doube edge sword.
E) if any of you were in my "newbie shoes with "$400" to invest which coins other than bitcoin or bitcash would you recommend investing in if so how much and why.
I realize i have asked for a lot of information in my questions and i dont expect to recieve a silver bullet, however any ammo would be great.
Solid article. Same mindset here. In my opinion blockchain is here to stay. A proper investment for the long term. I was researching a way to do better investment analysis on the current cryptos. Besides coinmarketcap.com there is: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. See: https://www.coincheckup.com/coins/Bitcoin#analysis To watch Bitcoin Indepth analysis
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