Yes, I finally did it! After a week of creating accounts on tons of websites, sending photos of my IDs and Bills and selfies with my ID and going crazy, approvals have finally started to come in and I finally managed to turn FIAT money into Bitcoin.
I am just testing the waters right now to see where I get the best rates (since bank fees are different), but here they are, my new babies:
I know that for many people this is just dirt under the fingers, but for me it's a beginning. I plan to go for similar transfers of around $100 in a few other places, then stick to one and buy a bit more.
My plan is to create a portfolio: half to keep in my wallet, hoping for the main currencies to take off (probably 3-4 currencies) and half will be tested on the market. Just like I did with the first two transactions - the first one went straight into Poloniex, the other one is still in the wallet.
Hopefully I won't lose all the money - but I will surely share my story with you and we'll see together how it goes!
So if you want to follow my story to becoming a millionaire (ahem!) don't hesitate to follow me @genicon. Even if I don't make it there, at least it should be fun!
Good job. I think the danger is not being in cryptocurrencys and missing out more than it is being in and losing. That said, I dont believe everything will automatically go up or be a good buy. Prudence is still needed.
I hit you up with a follow..I look forward to seeing what you post.
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Thank you. I think you are right about this. I am very new to the whole concept (foolishly ignoring it in the past few years) but hopefully I will catch up quickly :)
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Yup, you are not too late to jump right in. The economic revolution is just taking all thanks to the blockchain tech which first brought us Bitcoins. Thr risk of losing anything here, if you plan to do longterm investment , is very slim. At least not when millions is being pumped into the cryptocurrency market for new innovation and not when All major banks are trying to implement some version of the blockchain tech into their sys to help them save money!
Buy and hold any fungible coin with strong team and innovative idea. Simply, ride the wave. Been doing this for 3 years now, never been wrong!
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