My take on Bitcoin and other cryptos

in cryptocurrency •  7 years ago 

coinmama.jpgmaxresdefault.jpgimages (1).jpgSEC’s-First-Bitcoin-ETF-Deadline-is-Actually-March-13-Not-March-11-640x436.pnghello everyone

what is the most exciting stuff going on in internet world ? Bitcoin Bitcoin Bitcoin !!!!

But how many of us can afford a couple of Bitcoins ?Not many of us,but some do.

How getting a Bitcoin can change our lives lifestyle quality of life and perspective towards life as a whole in positive manner ?

This is where most of us are blank as how to cash in on the opportunity given to us.Most of the people doesnt understand whats going on behind the numbers.Many of us are ignorant to the details presented in various exchanges like Poloniex Bittrex Yobit Kraken.

How to use the graphs and the details to our advantage ? how is this trading done effectively to gain so much profit ?
We are graceful in many ways because we came to know about Bitcoin ,but there are millions in online world who dont have the slightest indication of what is bitcoin.They see it as stock which goes up and down according to market conditions.But is that all there is to it when we see Bitcoin ?

Today,Bitcoin represents the single most giant leap of mankind to resolve the problem we faced during recession times.It gives the masses a sense of self belief that
'even i can do this'.
'even i can make the life i dream of every single day while working day in and day out'.

But how is this possible ?We invest and Bitcoin price is going up and down.For the early investors who invested years ago had already cashed out,But how we can take a piece of that big pie without suffering losses as market now is very volatile.

This is where we as people need to realize the power we possess,Just like Youngs double slit experiment,when you see it ,things change.It is as simple as that.I will explain.This is for users who cant get verified thru coinbase.

Bitcoin is just the tip of iceberg.what we need to do is how to manipulate and multiply the assets we have got into double,triple the original amount.For this,we need a calculator,a pen,and one blank book.

Go to coinmarketcap.com,find all the currencies you can afford right now and make a note of its price as of now.

1-Now,BEFORE you invest ,you need to have a withdrawal plan ready which is routed from main account or your wallet.For this go to this site and register and get verified fully,it will take some days but is faster than any other site.There is a duplicate of this site c-cex (this is very unsafe),please make sure you DONT have an "-" between c and cex.This is for withdrawal plans,as it offers withdrawal plans to bank and crypto exchange and deposits .Make sure you have two factor authentication enabled with google authenticator.images (1).jpg

2-Now google"electrum wallet " and download the wallet and set it up,including noting down your private seed with your hand and password and multi sign for withdrawals with google authenticator.maxresdefault.jpg

3-Now you need to buy Bitcoins,for this Coinmama is the best .Type in your Bitcoin wallet address from recieve coloumn in electrum wallet and you can buy coins with debit/credit card(you may need to verify the card).Wallet will get funded according to the blockchain blocks.coinmama.jpg

4-Now you can go poloniex.com and bittrex.com for trading.
you can sign in to yobit for new currencies coming up in coinmarketcap.com.I cant say whether that is safe or not,but its good for seeing which currencies are coming.Nova exchange is another site which has new coins.
if you see any new currency ,immediately check it out in coinmarketcap.com and see what it is about,check its website,market cap and circulating supply and where currency is exchanged in markets.Whether they are legit or no.

5-Hoping you have signed up and registered for bittrex and poloniex,it might take some time for enhanced verification,but basic sign up has 2000$ withdrawal limit with all the documents submitted.This is where the game begins.Poloniex Trading Chart Showing Selloff.PNG-05-10-2017.png

6-Watch all the currencies in bittrex ,in %change click it and see which coin has more profit and leading.Deposit some amount of money from electrum Wallet to bittrex exchange thru bittrex wallet .You will see a plus(+) sign on BTC,click on it and it will generate a deposit address for Bitcoin to recieve from electrum wallet send-to option.

7-If you see the % profit ,green ones are profiting,red ones losing.Pick atleast 10 currencies and check those in coinmarketcap.its site ,its business idea,and if you think its legit,you can invest in.

8-All the above is for starters.For a start you should invest atleast 2500 dollars in cryptos.the story is not about bitcoin but story is about you profiting from bitcoin market.So it doesnt matter what is the name of the currency ,and as long as people are buying and the Buying volume is high.You dont need to get emotionally attached with the name of any currency for that matter(this is very important),access the brand dispassionately in a 360 degree angle ,then you will be able to see its merits and demerits.Just like driving your car on road,you should be always be aware of edges and width of your car.bittrex-725x321.jpg

9-First we will discuss Bittrex,as it is my favorite exchange.In that for example purpose we are discussing Antshares,In coinmarketcap.com we see its circulating supply 50 million ANS,marketcap-326 million,if you divide 326/50=6.52$.This is how it works,you have to find currencies that are in 0.1$ to 0.5$ range,invest a bulk,lets say 1BTC,so thats roughly 23830 to 4766 coins with BTC as 2383$,so when it becomes 1 $ that means 23830*1=23830$.This simply means we dont have to strive to buy BTC everytime,we just need to find a currency which is 0.1$ to 0.5$ and whose marketcap is one-third of its circulating supply coins.In this way we can bring every coin up.

10-Considering manipulation.This is to target one coin each day by each and every one of us,This is where power of social media comes in,we need to do this on a country basis,where each and every-one of crypto community focuses on one coin per day in all the exchanges,and we can bring any currency up within 24hours,for that we need a site which tells all of us which currency to invest in every 24hours targetting 365 coins in 365 days respectively,If we use all the social media n spread the word to each and everyone involved,we can bring any coin up from obscurity.People in china korea japan do this technique in thier exchanges,i have noticed this.We need to have a collective consciousness when approaching crypto as we cant be waiting for a year for some investment to have ROI,im sure someone reading this would do something about it and if that site is made,they can advertise it on coinmarketcap.com.

11-Generating profits thru a Loan.This is for those who dont want to play with more than 2000$ of thier own money,but can try this at $100 levels and see if any profit is generated.In this option we get Loans in the form of bitcoins and we have to pay them back with 7-8% interest,this option is available in many exchanges.I would advise this for pro traders in stocks who want to try out bitcoin on a small scale before option for large scale investments.check this site out.Bitbond.This method can be used as getting a Loan from bank for your personal business purposes and the interest rates fall around 8%.bitbond.png

12-So considering a fictitious situation where you bought in 10000ANS with an initial investment of 1000$ at 0.1$rate,now with Antshares trading at 6.72 you would have 67,200$.Now we go to big players division where we diversify our portfolio,in investing in more than 50 currencies at a 1000-1500range.In this also you can invest early when the price of currency is too low or you can invest your money in currencies that are well over 100$per piece,example are Zcash,Monero,Ethereum,Gnosis,Dash etc.Lets consider Bitcoin Plus here,as of now Bitcoin Plus weighs in at 206$,everyday it goes thru some rise and fall,but if you go to coinmarketcap.com,there is an option called view all jus above coin graphs,if you click that %7days comes up on right extreme-this indicates percentage change in last 7days,you want to pick one that shows atleast 20% increase to invest your thousands in.. Bitcoin Plus in last 7days has increased about 147%.

13-Another strategy is investing 2000$ in every top 100 currency and withdrawing profits after 24hours.Assuming you have generated about 67,200$ earlier,you can follow the method of circulating supply Vs marketcap mentioned earlier,and see which coin to invest,investing an amount of 2000$ in a 0.1$ currency generates 20k when it becomes 1$,in this way if you invest 30k for 15 currencies at 2k and generating 20k in each means 300k.This method is for pro who just have enough to consolidate on thier assets in market.We know just when to withdraw,stick to 2/3rd of total withdrawal after a considerable profit and keep refining your trading skills by studying graphs,popularity of a coin etc.main-qimg-acc79a68ab3aa5fec82c59ebcfae4446.png

14-After generating some good profit,make it habit to withdraw BTC after converting to BTC from other currency to electrum wallet.By the time you have done all this your cex.io will have verified you fully and you can send your wallet amount to cex.io and transfer it to your bank account .Even after transferring it to the bank account make sure that you either make a new savings account which you dont use for online purposes and transfer the whole money or make a fixed deposit of your money for 1 year atleast just to be sure that any hacker had access to your card maynot withdraw it without your permission.Make sure to pay taxes.images.jpg

More thoughts coming up..thank you.

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