Salutations, greetings, hi, welcome, buenos dias, bonjour

So you want to Buy some Bitcoin eh??

Well... Hold off on sending that extra $2,000 from your savings account momentarily and just READ

I pray that you weren't one of the approximately 90% of people that bought the hype of bitcoin at or around $15,000 levels or above and then preceded to sell your holdings at a major loss in hopes of not seeing your Coinbase account depleted in the following days to weeks.

I also hope that you are/were fervent enough with the possibilities of cryptocurrencies that you did your research, p ossibly watched a few videos on your video platform of choice and/or took five to ten minutes to learn the bare minimum basics of trading and risk management.

Of course you were, you (insert cringey synonym for averagely intelligent here) person.

But nevertheless let's chat.

Whether your foray into this new world was purely speculative or based on seemingly insider information from your best friend's cousin's uncle-in-law that's been "mining" bitcoin in his garage since 2012, understand this. Crypto is here to stay and truly offers a viable opportunity for wealth creation for the everyday person.

Understanding the Multiple ways to Invest and/or Trade

1. *Hodl'ing (Buy and hold of coins regardless of market movement)

2. ICO and pre-ICOinvesting

3. Day Trading

4. Fund Trading (having an experienced trader manage your funds)

5. Auto-traders

6. Lending Platforms

7. Staking Coins

8. Many other Advanced opportunities...

Buying and Holding Bitcoin & Altcoins

  {Level of Difficulty} Beginner

step 1. Get a universal crypto wallet (at least one that supports the crypto's that you see long-term potential in)

aka Exodus, Ledger, Enjin, Blockchain Wallet, plus many others that may be for a specific coin (such as a WAVES wallet or NEO wallet or DASH wallet) or can support multiple.

step 2. Use fiat currency (USD, EUR, GBP, JPY etc...) to buy your --drug (cough cough)-- Crypto of choice via your Exchange of choice (Gemini, GDax/Coinbase, BitStamp, Kraken).

Now.....

The whole basis of the "Buy and Hold (HODL)" that some Blockchainers possess is based on the idea that they treat crypto investing as if they are simply collecting coins. They buy positions whenever a coin's price dips and forget about the coin price and just accumulate more and more of it over time in hopes that 1. it appreciates over the long-term and 2. that one day hopefully, crypto's will be fully integrated into our everyday lives, and therefore to some extent "spendable". Great for long-term cryptonians. Possibly Devastating for those looking to pay their cell phone bill, netflix payment, and rent with the possibly non-existent short term "gains."

ICO and pre-ICOinvesting

An initial coin offering (ICO) is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development. For promising projects with the backing of a knowledgeable team, Investors can swap Bitcoin, Etheror other in-demand crypto's to buy a limited amount of coins or tokens at a "bargain" bottom price before the investment pool is opened to all.

Anyone can invest and can earn the possibly huge returns just like how the big boys are accustomed to. Of course, investing in ICO’s is a high-risk venture. Many in the space want to invest in the “next Bitcoin”, potentially riding the wave of buying coins at pennies on the dollar and selling them later at an astronomical valuation. For example, NEO (350453% increase since ICO), IOTA (415509% increase since ICO) and Lisk (35696% increase) have all offered out-of-this world returns to those who took advantage of their ICO's and held their investments since.

ICOAlert.com's alert's and emails help me keep in the loop, and will do the same for those looking to get in on these lucrative but sometimes risky events. It also won't hurt to get in a few discussion groups following a certain coin or token and just become a sponge and take every comment with a grain of salt. As a plus you can even get into some Slack channels, Telegram groups, or certain Reddit channels and hear development plans and roadmap implementations directly from the respective crypto development teams.
It is imperative that you DO YOUR DUE DILIGENCE AT ALL TIMES because like I stated before; crypto is the Wild Wild West of unregulation!!

I personally use Ether as my base currency 90% of the time because of ease of use of the wallet, and low transaction times.

Day Trading

To be continued