How to invest in Cryptocurrency? AU Approach
Hey Guys,
Cryptocurrency is the next big thing. Don't miss out because of fear or lack of knowledge. These are links on how to set up accounts:
This is a very simple platform that has several popular cryptocurrencies such as OMG, TEN X and NEO. Register an account. Wait for an approval and get started.
This is a very simple platform that has what I will call the big 3 - BTC, ETH and LTC (it is cheaper than Coinspot). Register an account. Wait for an approval and get started.
Now, start SMALL. Dip your feet in. Play with small amounts and watch the market movements.Look at news and what is the communities talking about? What is currently hyped? Are they a cryptocurrency with real world applications and solutions? As you get more comfortable increases your investments.
Videos/channels to watch to learn how to get started:
- https://www.youtube.com/channel/UCxODjeUwZHk3p-7TU-IsDOA
- https://www.youtube.com/channel/UCa81HAp1se359Sr5qEMMP7A
- https://www.youtube.com/channel/UCRQkQ8YlIY2LlTWGjdo1Opw
- https://www.youtube.com/user/larksongbird01
- https://www.youtube.com/channel/UCCmJln4C_CszIusbJ_MHmfQ
Apps to help you get started:
- Slack
- Facebook groups
- Telegram chats
Advice
- Stay calm. Markets can reverse into downtrends as much as uptrends.
- When this happens it is best NOT to look at the marketsT
- The overall long term trend as the 'big money' and interest gathers is in an upwards trajectory
- Ask questions. The community is helpful
- Do NOT give private keys to anyone (this is your password) ONLY share PUBLIC KEYS
Thanks for your article. Still many people are unaware of the cryptocurrency or the digital currency. People need to educated about this and in able to apply in their lives. And people should also think the importance in the future. Technology is fast forwarding we should be ready.
@yohanmillan
Thanks. Start slow and small. Get comfortable and increase holdings over time within a risk preference you are able to handle.
I've been trying to find a decent exchange, I was looking at both of these yesterday. I am disgusted at the inflated prices most Australian exchanges seem to be charging. Thanks for posting. Can I buy bitcoin at a reasonable rate with coinbase?
Yes. @gyro if you use my link we both get $10 free BTC. Happy trading.
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