What you need to know to earn some money with Bitcoin and other cryptocurrencies- The short of it

Investing the Bitcoin and other cryptocurrencies seems to be increasing in popularity daily as 2017 comes to a close. It may be more accurate to say it becomes more and more popular every hour, even every minute. Every few second can mean the difference in tens, hundreds or even thousands of dollars gained or lost. Let me help you understand how people are making money in this market.
Basically it works like this...
Let’s say that 1 bitcoin is worth 10,000 ( right now it’s worth quite a bit more than that at about $16,540.02)
This figure will make it easy to understand.
If you buy 100 dollars worth of Bitcoin- you will essential own .0100 BTC (the abbreviation for Bitcoin). These are fractions of a BTCs also called satoshis.
The earnings are now based on a that original figure.
You bought 100 dollars worth of BTC at 10,000 dollars.
If BTC rises to 15,000 after you made your purchase, your .0100 BTC would now be worth 150 dollars instead of 100.
Can you see how this becomes quite opportunistic for those with a little extra cash? Let’s look at a more fruitful example:
If I bought some BTC when it was young and undervalued, let’s say at 1 dollars a coin- I could invest even a small amount of money and have the opportunity to make quite a bit more.
So let’s plug in the numbers:
You bought 100 dollars with of BTC at 1 dollar a coin. A couple years later ( or even a few days, weeks or months in some situations) BTC is worth 10,000 dollars a coin...can you see where I am going with this? You would now be able to cash out your BTC wallet with 1.5 million dollars! This is not longer “fake digital currency” it has become a lucrative investment. You can cash in your BTC at almost any time at whatever that particular moments going rate happens to be.
It’s inportant to note that there are many other “coins” out there in their infancy. If you have some extra cash- consider doing your reasearch and investing even just a few dollars into a cheap new currency. Most coins start out at only fractions of dollars- sometimes even fractions of pennies. Spend 10 bucks- take a gamble. BTC was once under a dollar and 10 dollars worth would have made anybody rich...in fact it has made many many people rich.
Don’t let me fool you though, investing in such a volatile-rapidly changing and unsteady market has consequences. From my personal experience, it pays to wait it out when you are down. Most coins will regain their value even after dropping. Even with that being said, it’s still a gamble and not something to be taken lightly.
I would recommend Coinbase as a good place to start if you wanna buy Bitcoin, Litecoin or Ethereum. Actually, most of the alternative currencies can only be purchased with one of these big three coins. Basically you buy some BTC on Coinbase ( or wherever you decide to buy them from) and find a reputable exchange to transfer your balance to- like BitTrex for instance. You make an account on the exchange and send the BTC from Coinbase to BitTrex where you can now buy other currencies with your initial BTC. There’s a little more to it but I will elaborate further in my next post. I wish you the best of luck in your Cryptocurrency endeavor. Remember, the most important rules to buying and trading these coins is to

1. Don’t spend more than you’re willing to loose
   And
2. Research research research- google will do wonders for you.
   Long live BTC.
   Theessential