Building Your Cryptocurrency Portfolio

in cryptocurrency •  7 years ago 

So 2 months ago i wrote an article on mining cryptocurrencies
through the platform Minergate.

You can read the article here.
https://steemit.com/guide/@leonroode/the-simplest-way-to-mine-crypto-currencies

minergate.com_logo.png

So in Minergate you have a selection of coins that you can mine and once you've mined a certain amount of the coin it is available to you to withdraw from minergate and can be sent to a wallet for the specific coin. In the beginning I mined a bit of this and a bit of that and eventually when the time came to withdraw the funds and i started looking for wallets for the specific currency I discovered that some of the coins are considered dead and no longer have any value and so are basically worthless, But some of them I was able to withdraw and so begin my path towards building up some cryptocurrency.

While searching for a wallet for a specific coin (I can't remember exactly which one) I came across HitBTC a crytocurrency exchange and decided to deposit some of my cryptocurrency into the exchange and very quickly realised how little what I had was worth, but it was just before the 1st August hardfork and i had read that whatever amount of Bitcoin (BTC) I had in Hitbtc at the time I would be rewarded with the same amount in Bitcoincash (BCC) and so I put everything I had into the exchange and converted it into BTC. At the time I managed 11669 satoshi and so a few days after the hardfork I was rewarded with 11669 BCC.

hitbtc_logo_on_transparent_200px.png

At that time my account was worth about $0.14 but then I started playing around on the exchange buying a bit of this waiting for it to go up and then sell again. After a while I realized I was starting to make a little bit of money. Nothing huge but each trade is making me just that little bit more and at present my account is worth $1.80 or in BTC 43917 Satoshi and growing.

In minergate I only bother mining BCN now but I've also mined and transfered AEON DSH XDN and QCN successfully.

If you want to try out a simple user friendly miner try minergate
https://minergate.com/a/2fbc2705e0201541ba2914ed

and a great crypto exchange HitBTC
https://hitbtc.com/?ref_id=5999f07d168e6

Both of these are referral links and I would greatly appreciate it if you use them when registering on either of these platforms.

Minergate logo and HitBTC logo property of respective platforms.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Great post.... good luck

Thank you