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I don't know specifically about BTC but the blockchain technology is extremely powerful and here to stay
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Buying would be more advisable for now (even a really small amount), getting some skin in the game first will make you do more research around cryptocurrencies, and then you can go into mining which definitely requires more knowledge about the space. It also requires more capital..
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Go on what we would call an exchange, for example binance, bittrex, poloniex
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I don't think anything can be done here, sorry...
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Not so much trading, but this book "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" by Chris Burniske is a great read on valuation
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Without having to read the entire thread, I would guess that most suggested to just HodL. Since the original post, the OP would have done quite well with BTC just sitting tight.
It's very tricky to trade and you need to understand trading rules and be disciplined. You need to be willing to take small losses and let the upwards trends run. Something that is much easier said than done. There is a lot of psychology and time involved....
For me at least this has been the best strategy. Unless you have a very strong conviction on short term movements, it is probably best to hodl |
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Binance, Bittrex, Poloniex are some that have been pretty relaible
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Binance is a great platform, hopefully they will be able to withstand the huge surge in member numbers and transactions
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I feel that it helps me start off the day with a clear mind
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Is coinbase safe though?
Well it's not a wallet per se. From the sticky: Services like Coinbase and Circle offer “Bitcoin wallets”, but in reality control your private keys. It’s best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security. https://bitcointalk.org/index.php?topic=1631151.0 |
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Really varies based on the bounty manager, but it's possible.
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I would say invest what you are prepared to lose, and that's probably around 10% of funds set aside for investments
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Just read the stickies and go on telegram, a ton of good chatgroups there. Also sign up for newsfeeds for cryptocurrency.
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Government regulation or just to avoid complexity with possible regulation
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how do we know that 10,000 people are recruited
There's a count at the top of the telegram group |
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I would recommend a hardware wallet, either Trezor or Ledger.
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I use it and like how user-friendly it is - you can try it out, it's really easy to install (add on to browser)
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No question that, as with any investment, it is hard to tell. What gives me comfort is that among cryptocurrencies, it is the most "legitimized" (e.g. companies accepting it as payment, financial products created with it as the underlying")
Whether it's expensive or cheap now is anyone's guess...
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