Investing and Education introduction on Cryptocurrencies and Blockchain Technology
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!