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How to Invest in Bitcoin & Crypto Currencies FAST Part III

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Step 3: How to setup your portfolio

That’s what we’ve done so far. We’ve purchased Bitcoin through Coinbase in this example and then we have kept it in Coinbase itself in the sense that Coinbase also doubles as an online wallet. And that’s where you want to stop if you just want to buy and hold Bitcoin. End of story. Nothing else to do. You can if you want, take that Bitcoin out of Coinbase and send it into another wallet. You could decide to send to your mobile wallet, to your hardware or cold storage wallet etc.

What if you now also want to start investing in other cryptocurrencies? You want to hold Bitcoins possibly and also Altcoins. Altcoins are other cryptocurrencies. Altcoins stand for alternative currencies or alternative coins. The process is pretty much the same. We buy Bitcoins through Coinbase for example, instead of keeping those Bitcoins in either Coinbase as an online wallet or any other type of wallet, we need to send those coins to an exchange.

An exchange is a website where people can exchange coins for one another. What you would do for example is you would open an account with an exchange say Bittrex, and by the way, I may in the future record some step by step video tutorials on how to open an account with Coinbase for example with Bittrex with a number of other platforms and exchanges. Let me know that that is something you’d be interested in so I can make sure it’s prioritized and it gets done as soon as possible.

With that said, you would open an account with an exchange say Bittrex and then we need to transfer the Bitcoin that you have in Coinbase to Bittrex. Why? Because we need to exchange, if you want to buy Altcoins other cryptocurrencies, we need to exchange some of that Bitcoin or all of it to other cryptocurrencies.

How do we get our Bitcoin from Coinbase to Bittrex? As you open an account with Bittrex, they will give you automatically a public key. A public wallet address or ID. In the same way that you have a public wallet ID with Coinbase, you would have a public wallet ID with Bittrex for example. You take that, you copy it, you go back to Coinbase and you tell Coinbase to send however many Bitcoin you want to send out, you tell them “I want you to send this many Bitcoins to this wallet ID”.

Like I said before, make sure double check the first couple of characters, the last couple of characters in that way you would’ve moved some or all of the Bitcoins from Coinbase to Bittrex.

Once that is done, then within Bittrex, you can start exchanging Bitcoins to other cryptocurrencies. Important thing to know here is that to purchase pretty much any other Altcoin, you need to go through Bitcoin first. You need to convert Fiat currency say dollars, euros, pounds etc. into Bitcoin and then convert that Bitcoin into whichever another Altcoin you want to purchase. In some cases, you can go through Ethereum or other "major coins", so you would exchange dollar, euros, pounds whichever fiat currency into ether and then into other altcoins.

In the vast majority of times the main currency of reference when it comes to cryptocurrencies is Bitcoin, so chances are that you will want or it will be more cost efficient for you to go through Bitcoin first. If you just want to buy and hold bitcoins, you buy and hold bitcoin and that’s the end of it.

If you want to also invest in other cryptocurrencies, which I highly encourage you to because there are some incredible opportunities there, then we need to move that Bitcoin into an exchange so you can start trading those currencies.

There are also incredible opportunities with Altcoins.

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If you liked what you learned, if you learned something new, make sure to subscribe to my social media channels so that I know that you’re really interested in hearing more about these specific topics.

Investing in Bitcoin is a huge opportunity…It just is too big to be ignored.

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Cryptos are a huge opportunity that is just too big to be ignored. I wish you the very best of luck.

How to Invest in Bitcoin & Crypto Currencies FAST Part II

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Step 2: Buying Bitcoin

Once you’ve got a wallet, how do you get Bitcoin? You can use the same site that I recommended earlier, Coinbase, like I said if you sign up through the link we both get $10as soon as you purchase a hundred dollars or more worth of Bitcoin.

They may ask you to upload documents under a procedure called KYC or know your customer is a fairly standard procedure for any type of financial institution, they will typically require at least a copy of your passport or some type of I.D. It’s just to make sure that they are dealing with who you say you are and to make sure that there’s no money laundering or any other type of illegal activity involved.

Once that’s done, the account is free so you’ve got your free account. Now you’ve got your free account with Coinbase. Next is, how do you go about purchasing the Bitcoins. You can purchase your Bitcoins through a debit or credit card, if you choose to do that then the site will charge you an additional fee which is the fee that the site itself have to pay the credit card company for processing the payment, it’s typically between 3% and 4% or you can do it through a direct bank transfer in which case, either no fees or very little fees. So, you choose a dollar amount or Euro or Pound amount you want to buy, and then immediately you will have purchased the desired amount of Bitcoins.

A Bitcoin price will vary depending on when you’re reading this who knows what the price will be, how high it would have gone. It’s currently very roughly between $6000 and $7000 so that’s 1 Bitcoin.

If you want to but Bitcoin, you don’t have to buy a whole Bitcoin. Bitcoin is a highly fractionable currency so that means you can buy very small fraction of a Bitcoin for just a few bucks.

Bitcoin is a highly fractionable currency.

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Don’t let the big Bitcoin price scare you, it’s not like for example, if you’re buying Amazon or Google shares, that take or give thousand dollar stocks or you need to have at least a thousand dollars to buy at least 1 share of the company. With Bitcoin you can buy very small fractions.

One more important thing is to check, double check, triple check the address. Coinbase will give you a public address a series of letter and numbers they may not make a lot of sense initially. Whenever you use this, make sure to copy paste it and make sure that you check that it’s the right address. If you’re sending money to the wrong address, that’s it there’s no way of getting that money back, you’ve lost money. There’s no way of getting that money back.

A quick hack that I use is obviously these are very long numbers and it’s very difficult to check everything, but at least check the first couple of letters or numbers and the last couple of letters. If you want to invest in Bitcoin, that’s as far as it goes. You’ve purchased a certain amount of Bitcoins, and then whenever you think is a good time to sell maybe because the price has gone up, then you just follow the same process.

You go on Coinbase, you sell Bitcoin and then Coinbase will convert those Bitcoins into dollars, euros or pounds or whatever you tell them to, and then you can withdraw that money to your bank account or sometimes also to your credit card.

How to Invest in Bitcoin & Crypto Currencies FAST Part I

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Invest in Bitcoin and Cryptocurrency. Start profiting from this huge opportunity.

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If you’re wondering what’s going on with Bitcoin and cryptocurrencies and how you can make money from it, you are in the right place.

If you don’t want to risk too much but still getting early and can have piece of the action, make sure to read this blog ‘till the very end because I’m going to show you how to invest in Bitcoin and cryptocurrencies fast. I’m also going to show you how to set up a simple Bitcoin portfolio with as little as a couple of hundred dollars.

So, let’s dive right into it because I want to show you how you can start profiting from this huge opportunity as soon as tonight.

First things first, here’s what you need…

You need a couple of hundred dollars or more ideally. You will also need a wallet. And this is not a wallet in the traditional sense, I’ll explain this later.

Step 1: Wallet

You have to get a wallet. What’s a wallet? A digital wallet is a similar concept to a wallet in real life so to speak. It’s a device where you’re holding your money, your currencies.

Safeguard your cryptos…Get a digital wallet!

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And so you have a number of digital wallets. There are virtual digital wallets and then there are hardware based or you know, physical material digital wallets and I’ll explain in a second.

The first type is desktop wallets. This is a piece of software that you install on you computer on your Mac, laptop whatever, and it will contain your Bitcoin and your other currencies. It will have a number of secret keys, I’m not going to go into too much detail now, and essentially, it’s like having money on your desktop. It’s a piece of software. And you can also take this piece of software back it up and then move that money from one device from one computer to another for example.

You also have online wallets. And, what online wallets are is essentially you have some login credentials so username and a password onto a website. There’s nothing that you have to download or install on your computer and you logon to the website and you’re money is stored there. The most popular of these online wallets, and they are free by the way, is Coinbase. You can go to https://8020research.com/cb for Coinbase and that will take you to the Coinbase website. If you open an account through that link and you buy at least a hundred dollars’ worth of Bitcoin or about £75, then Coinbase will credit you and us with an extra 10 dollars’ worth of free Bitcoin.

The online wallets are essentially cloud based wallets where you store your money and you can access your wallet from anywhere you have an internet connection. There are mobile wallets. This is an app, it’s a piece of software that you install on your mobile device and that stores your money. It’s the same thing as a desktop wallet except that instead of installing a piece of software on your computer, you are installing a piece of software an app, on your mobile device.

Then there are hardware or “cold” wallets. These look very similar to a USB key, and your coins. Your Bitcoins, your cryptocurrency is stored on that physical piece of hardware. Think of it as a USB key. The advantage of this type of wallet is that it cannot be hacked. In theory, a virus could hack into your computer, onto your mobile device and steal your Bitcoin, your currencies. In theory, someone could hack into these online wallets and steal Bitcoin. With hardware wallets, you physically need to have that piece of hardware, that physical object to be able to access your money. In that respect they are very safe.

Now the flipside of that, unless you take a very specific precautionary measures, people could also steal your hardware or your cold wallet in the same way that if you have a lot of money stored into a suitcase at home for example in theory someone, a thief can steal pile of cash from you.

And finally there are paper wallets. These are perhaps the most old school and I definitely wouldn’t recommend paper wallets. It pretty much involves you writing your private key onto a physical piece of paper. So let’s kind of take a step back here, essentially in the cryptocurrency world, your wallet is not identified by your name and an account number and some kind of routing or sort code, that’s how banks work. You have a name, an account number and some type of routing or sort code number and that’s how someone can send you money. When it comes to Bitcoin and cryptocurrencies, there’s none of that. All there is, is one public receiving key.

What is the public key? It’s a very long series of unrelated letters and numbers and that identified your wallet. So whoever has access to that key, is able to send money to that wallet. And, no one really knows who that key belongs to. And most importantly, in order for you to access that money, you need to have a private key that allows you to access the wallet. So that public key is what people use to send money to the wallet, the private key is what only you know and you use that to take money out of the wallet and send it elsewhere for example.

Or you could do, in theory, is take the private key and physically write it on a piece of paper and whoever has access to that piece of paper has access to the wallet and has access to the full funds. A very important distinction here is that in the normal fiat currency and banking world, if you lose your bank account number and details, you could walk into a bank and say, “here’s my ID, here’s my proof of who I am, give me access to that money.” So the bank will identify you as the legitimate owner of that bank account and give you access to it.

When it comes to Bitcoin and cryptocurrencies, there’s no such concept, so, if you lose the private key which is what gives you access to the wallet to do transactions on it to take money out, if you lose that private key, then you have lost your money, you’ve lost your wallet, there’s no one or no institution you can go to and say “Hey, my name is Joe Smith, that wallet is mine, give me access to it.” So that’s very important.

What is Bitcoin and Bitcoin Investing?

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For all the crypto rookies out there, here is a tutorial on how Bitcoin works. By reading this blog, you will quickly and effortlessly understand how Bitcoins are created and I bet that you’ll agree that this is the simplest explanation of Bitcoin you’d ever see.  The concept of Bitcoin can be tricky at first. So, to help you understand, let me show you a short story.

Imagine there are two people in the countryside. Let’s call them Mark and Mary. Mary has pineapple, and she wants to give it to Mark, who has zero pineapples. After Mary gives the pineapple to Mark, she now has zero pineapples, and Mark has one pineapple, which he stores inside his little brown bag.

And we know this because we can physically observe the transaction. It’s almost as if we can physically touch the pineapple as if we were standing with them there in the countryside. There’s only one pineapple here, not two, not three. You can’t just pull pineapples out of thin air. This type of in-person exchange is something we can all understand, right?

Let’s take a step back, and ask ourselves, what happens if Mary gave Mark one digital pineapple? How does he know that he’ll be the only owner of it? Because it’s a digital pineapple, how does he know that Mary didn’t make ten copies of that pineapple and she gave copies to other people as well?

This could be a problem because (a) Mark could not be sure that his digital pineapple is the real one instead of a copy and (b) if there were more than one real pineapple around, say, the value of that pineapple would drop after a greater supply, basic supply, and demand kicks in here.

One solution would be to bring in a third party to keep track of the transaction on a ledger. Let’s call this person, Mr. Green, the accountant. He could write down on his ledger that Mary gave Mark one digital pineapple, which is stored in his brown bag.

So, that way someone is keeping track. This solution has a major drawback because Mr. Green, the accountant could also manipulate his ledger and just create more entries. Therefore, creating fake pineapples as well.

There is no trust in this scenario cause whilst it solves the trust issue in relation to Mary and Mark, the integrity or trust in the system relies on a single entity, Mr. Green, the accountant. 

​Trust issues can get in the way of every single transaction... not with cryptocurrencies.

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So, this solution doesn’t work but what if there were ten accountants in charge of keeping track of the transaction, what if all ten had copies of the exact same ledger? Now we are getting somewhere, but there is an even better solution.

Instead of just ten accountants observing the transaction in the beautiful countryside with Mary and Mark, what if there were thousands of them? A huge network of people who all have a copy of the same ledger that keeps track of every single pineapple transaction? At a simplified level, that is exactly how Bitcoin works.

Let me explain, Bitcoin is kind of like the pineapple in our example with the difference that unlike a pineapple, every Bitcoin has a unique identifying code to it. That said though, even though each one is unique, any Bitcoin is interchangeable with any other Bitcoin.

The little brown bag that Mark used to store his pineapple is called a digital wallet for Bitcoin. And just like the real wallet, every wallet belongs to its owner. 

The accountants spread across the world are called miners and the common shared ledger that all the miners have copies of is called the Blockchain. So, why would the accountant or miners have any interest in participating in a Blockchain network?

Well, by offering to verify third-party transactions, they can also mine Bitcoins. By using their computers, to solve highly complex mathematical equations, they can create or mine Bitcoins, which of course increase the value of their respective wallets.

It’s important to note that unlike traditional currency which can be forced and which any central bank can decide to print more of at will, this is the only way that new Bitcoins can be created.

Furthermore, there’s a maximum amount of Bitcoins that can be created, which again is not the case for traditional currency, where there is no maximum amount of money central banks can ever print, which has caused periods of very high inflation in history.

As more and more Bitcoins are mined, the mathematical problems to be solved become increasingly difficult, which means that year after year it becomes more and more difficult to mine Bitcoins.

And, therefore fewer and fewer Bitcoins are being created. All of these contributes to reducing supply for Bitcoins whilst demand and usage is likely to increase. All of which in turn contributing to Bitcoin prices rising.

It’s estimated that all 21 million Bitcoins that can ever be created would be mined by the year 2140.

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It’s estimated that all 21 million Bitcoins that can ever be created would be mined by the year 2140. After that, Bitcoin miners will still have an incentive to verify transactions in the Blockchain by charging transaction fees.

So, that’s it, this is a very quick and very high-level explanation of how Bitcoin works. For day-to-day use of Bitcoin, really there isn’t much else you need to know but if you are looking to invest and profit from Bitcoin, make sure to check the links at the bottom of this video.

If you enjoyed this explanation, learned something new or had a good time with the Mark and Mary story, make sure to subscribe to my social media channels and download my free cryptocurrencies decrypted report and get access to a bunch of other cool bonuses.

How to Invest in Bitcoin & Crypto Currencies FAST

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Invest in Bitcoin and Cryptocurrency. Start profiting from this huge opportunity.

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If you’re wondering what’s going on with Bitcoin and cryptocurrencies and how you can make money from it, you are in the right place

If you don’t want to risk too much but still getting early and can have piece of the action, make sure to read this blog ‘till the very end because I’m going to show you how to invest in Bitcoin and cryptocurrencies fast. I’m also going to show you how to set up a simple Bitcoin portfolio with as little as a couple of hundred dollars.

So, let’s dive right into it because I want to show you how you can start profiting from this huge opportunity as soon as tonight.

First things first, here’s what you need…

You need a couple of hundred dollars or more ideally. You will also need a wallet. And this is not a wallet in the traditional sense, I’ll explain this later.

Next, you need an exchange account. You only need this if you’re planning to make investments in coins in currencies other than Bitcoin. If you’re just planning to buy Bitcoin, you don’t need number an exchange account.

Step 1: Wallet

You have to get a wallet. What’s a wallet? A digital wallet is a similar concept to a wallet in real life so to speak. It’s a device where you’re holding your money, your currencies. 

​Safeguard your cryptos...
Get a digital wallet!

Click to Tweet

And so you have a number of digital wallets. There are virtual digital wallets and then there are hardware based or you know, physical material digital wallets and I’ll explain in a second.

The first type is desktop wallets. This is a piece of software that you install on you computer on your Mac, laptop whatever, and it will contain your Bitcoin and your other currencies. It will have a number of secret keys, I’m not going to go into too much detail now, and essentially, it’s like having money on your desktop. It’s a piece of software. And you can also take this piece of software back it up and then move that money from one device from one computer to another for example.

You also have online wallets. And, what online wallets are is essentially you have some login credentials so username and a password onto a website. There’s nothing that you have to download or install on your computer and you logon to the website and you’re money is stored there. The most popular of these online wallets, and they are free by the way, is Coinbase. You can go to https://8020research.com/cb for Coinbase and that will take you to the Coinbase website. If you open an account through that link and you buy at least a hundred dollars’ worth of Bitcoin or about £75, then Coinbase will credit you and us with an extra 10 dollars’ worth of free Bitcoin.

The online wallets are essentially cloud based wallets where you store your money and you can access your wallet from anywhere you have an internet connection. There are mobile wallets. This is an app, it’s a piece of software that you install on your mobile device and that stores your money. It’s the same thing as a desktop wallet except that instead of installing a piece of software on your computer, you are installing a piece of software an app, on your mobile device.

Then there are hardware or “cold” wallets. These look very similar to a USB key, and your coins. Your Bitcoins, your cryptocurrency is stored on that physical piece of hardware. Think of it as a USB key. The advantage of this type of wallet is that it cannot be hacked. In theory, a virus could hack into your computer, onto your mobile device and steal your Bitcoin, your currencies. In theory, someone could hack into these online wallets and steal Bitcoin. With hardware wallets, you physically need to have that piece of hardware, that physical object to be able to access your money. In that respect they are very safe.

Now the flipside of that, unless you take a very specific precautionary measures, people could also steal your hardware or your cold wallet in the same way that if you have a lot of money stored into a suitcase at home for example in theory someone, a thief can steal pile of cash from you.

And finally there are paper wallets. These are perhaps the most old school and I definitely wouldn’t recommend paper wallets. It pretty much involves you writing your private key onto a physical piece of paper. So let’s kind of take a step back here, essentially in the cryptocurrency world, your wallet is not identified by your name and an account number and some kind of routing or sort code, that’s how banks work. You have a name, an account number and some type of routing or sort code number and that’s how someone can send you money. When it comes to Bitcoin and cryptocurrencies, there’s none of that. All there is, is one public receiving key.

What is the public key? It’s a very long series of unrelated letters and numbers and that identified your wallet. So whoever has access to that key, is able to send money to that wallet. And, no one really knows who that key belongs to. And most importantly, in order for you to access that money, you need to have a private key that allows you to access the wallet. So that public key is what people use to send money to the wallet, the private key is what only you know and you use that to take money out of the wallet and send it elsewhere for example.

Or you could do, in theory, is take the private key and physically write it on a piece of paper and whoever has access to that piece of paper has access to the wallet and has access to the full funds. A very important distinction here is that in the normal fiat currency and banking world, if you lose your bank account number and details, you could walk into a bank and say, “here’s my ID, here’s my proof of who I am, give me access to that money.” So the bank will identify you as the legitimate owner of that bank account and give you access to it.

When it comes to Bitcoin and cryptocurrencies, there’s no such concept, so, if you lose the private key which is what gives you access to the wallet to do transactions on it to take money out, if you lose that private key, then you have lost your money, you’ve lost your wallet, there’s no one or no institution you can go to and say “Hey, my name is Joe Smith, that wallet is mine, give me access to it.” So that’s very important.

Step 2: Buying Bitcoin

Once you’ve got a wallet, how do you get Bitcoin? You can use the same site that I recommended earlier, Coinbase, like I said if you sign up through the link we both get $10 as soon as you purchase a hundred dollars or more worth of Bitcoin.

They may ask you to upload documents under a procedure called KYC or know your customer is a fairly standard procedure for any type of financial institution, they will typically require at least a copy of your passport or some type of I.D. It’s just to make sure that they are dealing with who you say you are and to make sure that there’s no money laundering or any other type of illegal activity involved.

Once that’s done, the account is free so you’ve got your free account. Now you’ve got your free account with Coinbase. Next is, how do you go about purchasing the Bitcoins. You can purchase your Bitcoins through a debit or credit card, if you choose to do that then the site will charge you an additional fee which is the fee that the site itself have to pay the credit card company for processing the payment, it’s typically between 3% and 4% or your can do it through a direct bank transfer in which case, either no fees or very little fees. So you choose a dollar amount or Euro or Pound amount you want to buy, and then immediately you will have purchased the desired amount of Bitcoins.

A Bitcoin price will vary depending on when you’re reading this who knows what the price will be, how high it would have gone. It’s currently very roughly between $6000 and $7000 so that’s 1 Bitcoin.

If you want to but Bitcoin, you don’t have to buy a whole Bitcoin. Bitcoin is a highly fractionable currency so that means you can buy very small fraction of a Bitcoin for just a few bucks. Don’t let the big Bitcoin price scare you, it’s not like for example, if you’re buying Amazon or Google shares, that take or give thousand dollar stocks or you need to have at least a thousand dollars to buy at least 1 share of the company. With Bitcoin you can buy very small fractions.

One more important thing is to check, double check, triple check the address. Coinbase will give you a public address a series of letter and numbers they may not make a lot of sense initially. Whenever you use this, make sure to copy paste it and make sure that you check that it’s the right address. If you’re sending money to the wrong address, that’s it there’s no way of getting that money back, you’ve lost money. There’s no way of getting that money back.

A quick hack that I use is obviously these are very long numbers and it’s very difficult to check everything, but at least check the first couple of letters or numbers and the last couple of letters. If you want to invest in Bitcoin, that’s as far as it goes. You’ve purchased a certain amount of Bitcoins, and then whenever you think is a good time to sell maybe because the price has gone up, then you just follow the same process.

You go on Coinbase, you sell Bitcoin and then Coinbase will convert those Bitcoins into dollars, euros or pounds or whatever you tell them to, and then you can withdraw that money to your bank account or sometimes also to your credit card.

Step 3: Buying Altcoins

That’s what we’ve done so far. We’ve purchased Bitcoin through Coinbase in this example and then we have kept it in Coinbase itself in the sense that Coinbase also doubles as an online wallet. And that’s where you want to stop if you just want to buy and hold Bitcoin. End of story. Nothing else to do. You can if you want, take that Bitcoin out of Coinbase and send it into another wallet. You could decide to send to your mobile wallet, to your hardware or cold storage wallet etc.

What if you now also want to start investing in other cryptocurrencies? You want to hold Bitcoins possibly and also Altcoins. Altcoins are other cryptocurrencies. Altcoins stand for alternative currencies or alternative coins. The process is pretty much the same. We buy Bitcoins through Coinbase for example, instead of keeping those Bitcoins in either Coinbase as an online wallet or any other type of wallet, we need to send those coins to an exchange.

An exchange is a website where people can exchange coins for one another. What you would do for example is you would open an account with an exchange say Bittrex, and by the way, I may in the future record some step by step video tutorials on how to open an account with Coinbase for example with Bittrex with a number of other platforms and exchanges. Let me know that that is something you’d be interested in so I can make sure it’s prioritized and it gets done as soon as possible.

With that said, you would open an account with an exchange say Bittrex and then we need to transfer the Bitcoin that you have in Coinbase to Bittrex. Why? Because we need to exchange, if you want to buy Altcoins other cryptocurrencies, we need to exchange some of that Bitcoin or all  of it to other cryptocurrencies.

How do we get our Bitcoin from Coinbase to Bittrex? As you open an account with Bittrex, they will give you automatically a public key. A public wallet address or ID. In the same way that you have a public wallet ID with Coinbase, you would have a public wallet ID with Bittrex for example. You take that, you copy it, you go back to Coinbase and you tell Coinbase to send however many Bitcoin you want to send out, you tell them “I want you to send this many Bitcoins to this wallet ID”.

Like I said before, make sure double check the first couple of characters, the last couple of characters in that way you would’ve moved some or all of the Bitcoins from Coinbase to Bittrex.

Once that is done, then within Bittrex, you can start exchanging Bitcoins to other cryptocurrencies. Important thing to know here is that to purchase pretty much any other Altcoin, you need to go through Bitcoin first. You need to convert Fiat currency say dollars, euros, pounds etc. into Bitcoin and then convert that Bitcoin into whichever other Altcoin you want to purchase. In some cases you can go through Ethereum or other "major coins", so you would exchange dollar, euros, pounds whichever fiat currency into ether and then into other altcoins.

In the vast majority of times the main currency of reference when it comes to cryptocurrencies is Bitcoin, so chances are that you will want or it will be more cost efficient for you to go through Bitcoin first. If you just want to buy and hold bitcoins, you buy and hold bitcoin and that’s the end of it.

​There are also incredible opportunities with Altcoins.

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If you want to also invest in other cryptocurrencies, which I highly encourage you to because there are some incredible opportunities there, then we need to move that Bitcoin into an exchange so you can start trading those currencies.

If you liked what you learned, if you learned something new, make sure to subscribe to my social media channels so that I know that you’re really interested in hearing more about this specific topics.

Cryptos are a huge opportunity that is just too big to be ignored. I wish you the very best of luck.

Investing in Bitcoin is a huge opportunity...
It just is too big to be ignored.

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Earn Money Online: Make $125 Per Day By Clicking on Websites

Don’t you just love it when some websites value the thoughts that you share and the time you spend completing tasks such as completing surveys online or watching online ads?

Today, we are going to talk about how you can make up to $125 per day by simply clicking on websites through Bitcoin and cryptocurrencies and the business model we’re talking about today here is PTC or Paid To Click.

PAID TO CLICK (PTC)

Paid to click is an online business model that draws online traffic from people aiming to earn money from home. PTC websites act as middlemen between advertisers and consumers; the advertiser pays for displaying ads on the PTC website, and a part of this payment goes to the viewer when he views the advertisement.

The PTC model shares some similarities with pay to surf as both of these models utilize referral marketing as a promotional method. Furthermore, the PTC model is usually combined with a variety of additional ways to earn, such as completing surveys and simple tasks, playing games, shopping, etc. Users can then redeem their earnings for cash through payment processors as well as a variety of gift cards.

To get you started on earning your Bitcoins with PTC sites, here are some known sites to get you to start earning your Bitcoins.

BTCCLICKS

BTCClicks is a Bitcoin earning website since 2013. Unlike other paid to click sites, BTCClicks has been around for quite some time. The fact that they have proven to pay is another reason for their longevity.

  • earners can get up to 0.00028 mBTC per click and up to 0.00022 mBTC per affiliate/referral click
  • Minimum payout is 0.10000 mBTC
  • Affiliate/referral program with a 40% to 80% commission!
  • Premium membership costs 0.75600 mBTC/3 months and earn x2 your earnings

So, if you are looking for a site that pays, this might be exactly what you are looking for. However, there are a few things you need to be aware of before you sign up.

First off, you are paid in Bitcoins, but you are only paid a fraction of a coin. Notice the ‘M’ before the BTC? That symbolizes that you are only earning 1 thousandth of a Bitcoin. This explains why the site suggests that you wait till you reach 10.000 BTC before requesting payout, even though the minimum payment is 0.10000 mBTC.

Another thing you need to be aware of before you sign up is that it will take you some time to reach payout. The site only offers so many ads for you to click on. The idea is to come back every day and see what ads you can click to earn money. The process is long, but if you have the patience, you could find yourself with some Bitcoins before you know it. All in all, you might find BTC Clicks worth checking out.

5 Ways to earn $2,100 in cryptocurrencies without trading

There’s no easy way to make a substantial amount of Bitcoins just like there’s no easy way to make a substantial amount of money. But the good news is, if you put in enough effort you can achieve some very decent earnings. Now there is no such thing as “free” Bitcoins and it will also cost you something to get Bitcoins, whether it’s your money, effort or your time.

I will be sharing you some ways on how you can earn your Bitcoins without trading them.

 

  1. Affiliate Marketing

A Bitcoin Affiliate marketing program will allow you to earn Bitcoin by sending Bitcoin-related traffic to a certain offer. One big reason for Bitcoin Affiliate marketing is that many companies nowadays recently ventured into Bitcoins. And they are now looking for ways to advertise their services without spending too much as all business are. This is where affiliate marketing comes in. Every tangible action of someone that you refer will be rewarded in the form of Bitcoins. You must have an engaging platform in order to encourage people to follow you on any social media platform. The more followers or subscribers you have, the more people you are likely to refer, the more chances of you getting rewarded in Bitcoins.

One way that you can do affiliate marketing is by referring your friend to Coinbase. Coinbase will pay you $10 for every $100 worth of digital currency that your friend bought from them.

Aside from doing affiliate marketing on a wallet like Coinbase, you can also do it on an exchange. The perfect example of this is Changelly. You can use Changelly to make cryptocurrency exchanges. Changelly provides you with an exchange platform that has one of the best crypto to crypto rates on the market. Changelly also has a program that will give you 50% of their fees.

 

  1. Master node

You can use Master node. Now Master node is a computer wallet that allows you to earn money by simply holding whatever cryptocurrency you have. It is utilized to complete unique functions in ways ordinary nodes can’t. Master nodes can be used for features like direct send/instant transactions or private transactions. Running a Master node is PoS-like, in the sense that you generate passive income just by holding your coins.

 

  1. Make video tutorials

Another way that you can earn your Bitcoins is by making video tutorials just like this one. The first that we have gone through is a bit easy to do.  But making video tutorials will take a lot more effort and time but has the biggest upward potential by earning through ad revenue or consulting income. The one big advantage of doing is the maximum reach that can you have just by simply making high-quality content that people or the viewers will appreciate. The downside of doing this is that it can be a slow start. Just thinking of a content that you know people will love and not earning any significant activity in the beginning, can be a bit disheartening but continue to do it and soon you will see your earnings become more and more.

 

  1. Sell video tutorials

The next thing that you can try is to sell related video tutorial in cryptocurrency. This is the probably the most profitable in terms of amount of effort vs results. The great thing about creating courses and selling them online is due to the high demand for knowledge about cryptocurrency and very low supply of it. So if you think you have what it takes to create meaningful and quality content about cryptocurrencies, you can get started in creating your own courses and selling them online.

 

  1. Steemit

Another way that you can earn your Bitcoins is through Steemit. Steemit is a social network that looks and functions like Reddit but with one HUGE difference. Steemit pays both the content creators whose work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. Steemit pays in a digital currency called Steem Dollars. In some ways, Steem works similar to other digital currencies. Steem Dollars can be sold anytime.

 

So, there are definitely a lot of ways that you can earn or get your Bitcoins. But these are just of the same ways that you can do it without spending your own money and just putting in the right amount of effort and your time. These ways can quickly make you a reputable amount of Bitcoins if you are willing to put in the hard work in the beginning and see your hard work pay off in the end without even lifting a finger.

How to Build a Cryptocurrency Portfolio for Beginners

 

Cryptocurrency has become substantially valuable in the past ten years, gaining more investors and enthusiasts each day that passes. But how exactly do we invest in cryptocurrency? Many might think that investing in any digital currency would be a good idea. When thinking about cryptocurrency, I think it’s essential to build a structure for evaluation and then use that structure to build a portfolio. When investing, it’s imperative to develop a framework for how to evaluate potential investments.

 

BASIC ESSENTIALS:

In this blog, you will learn the key preparations that you will need in building your cryptocurrency portfolio.

CREDIT CARD or BANK ACCOUNT

You will need to have money for you to start getting a cryptocurrency such as Bitcoin. You can either get it from your bank account or use your credit card.

FIAT TO BITCOIN EXCHANGE

First, you need to sign-up to an exchange that converts fiat to Bitcoin. All these exchanges have their advantages and disadvantages for the most part if you are a beginner and do not have any idea what you are doing, I highly suggest you use Coinbase. Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. And, it operates in 32 countries.

You can also check the other exchanges below:

  • Gemini
  • Bitfinex
  • HitBTC

BITCOIN TO CRYPTO EXCHANGE

The next exchanges that you should look into are the ones you will be using for the Altcoins.  The smaller coins that you cannot find in these large exchanges. The only way to buy those smaller coins is by buying them using Bitcoins. You need to deposit Bitcoins as you cannot buy coins directly from them, so that is why it’s crucial that you have a Fiat to Bitcoin Exchange first.

You can buy Altcoins from Binance, BitTrex, Kucoin, and Kraken.

RIGHT WALLET

It is essential to have your crypto wallet before buying cryptocurrency as you will need it to store your coins. Some exchanges provide crypto wallets, but ideally, it’s best to get your cryptos out of those exchanges due to possible theft.

You can also choose from the following types of crypto wallet.

  • Crypto Exchange
  • Desktop (Exodus)
  • Mobile (Eidoo)
  • Hardware (Ledger)

 

BEFORE GETTING STARTED

These are kind of mental notes for yourselves.

  • Only invest in what you can afford to lose
  • Do not take a loan to invest
  • Do not try to day trade (It’s very tempting to Day Trade, you see coins go up and down, and you feel like you can catch the swings, the highs, and the lows. Believe me, as a beginner it is hard as you cannot predict top or bottom. Once you get involved in a coin, you hold it. It could be for weeks, months, year and once you have made enough, that’s the time that you sell off.
  • Do your own research (there are a lot of YouTube videos where people tells you what to do, what to choose, what’s a good entry point, and when to sell your coins. But, make sure you do your own research. You can use the videos for guidance or reference, but it’s your money and your life that is going to be affected, so you have to do your own research.
  • Set realistic expectations (you may have seen people showing how may profit they have gained out of cryptos, but you need to set realistic expectations because you will never know when the market will change. There could be a month of nothing but ups and downs and after that a whole month of downs, and you could lose a lot.

 

50/25/25 Rule

This is the strategy or rule that I’ve been using, and this is how you are going to set up your cryptocurrency portfolio.  This has saved me countless times.

50% of your portfolio should be Bitcoins. That is definitely a good number.  The reason for that is Bitcoin is stable and it’s kind of a protection from potential losses. Bitcoin is the coin that you may want to accumulate as much as possible as it is the coin that is set to pop that could bring life-changing wealth for you. If Bitcoin goes up, your portfolio goes up too. If Bitcoin doesn’t move, you still have your Altcoins. So, having 50% Bitcoins on your portfolio is definitely the smartest and right move.

25% BIG CAPS & 25% LOW CAPS

Some of you are wondering what Big Caps and Low Caps is. Big Caps mean any coin that has over 5 billion in total market and Low Caps mean coins under 5 billion in the total market.

So, as a beginner, I highly suggest you follow the 50/25/25 rule. By following this, it really maximizes profits. This doesn’t mean that you are increasing your profits rapidly, but you are maximizing your profits as much as possible while reducing risk.

 

DOES THE NUMBER OF COINS MATTER?

In my opinion, the number of coins doesn’t matter. It only matters if you are not able to track it. So, as long as you can track coins effectively and you follow the 50/25/25/ rule, it would not really matter if you have five or ten or twenty coins.

 

RECOMMENDATIONS

Here are some of my recommendations and this is a good list. We’ll go through the list, but you don’t need to have this many.

BIG CAPS:

Ethereum, Ripple, Cardano, IOTA, Litecoin, and NEO are really good Big Caps. You don’t need to have all six coins, you can just have two or three, and you can have six but you need to remember the 50/25/25 rule that you want to follow.

LOW CAPS:

The one listed here is a combination of Mid Caps and Low Caps, that’s all kind of mixed together. Icoin, OmiseGo, Binance Coin, Loopring, and Basic Attention Coin. If you are not familiar with some of the other coins, you might want to start doing your research.

 

NEXT STEPS

You have met all the basic essentials, mental notes, and the 50/25/25 rule. So, what’s next?

Watch the Daily Bitcoin and Cryptocurrency news. You might want to start with ccn.com or the crypto coins news. This site provides news coverage around cryptocurrencies including Bitcoins. You can also view the latest Bitcoin price with their interactive and live Bitcoin price chart. Start watching YouTube videos as you can learn a lot from it, and, stay tuned for my upcoming blogs on cryptocurrency.

What’s Bitcoin Mining?

People who are new to Cryptocurrency world and just starting to learn the principles, terminologies, and technology might be asking “So, where do these cryptocurrencies come from, particularly, Bitcoins? or How can one earn Bitcoins without buying?”

There are a lot of ways that you can start earning Bitcoins, some more controversial than others. But today, we’ll be talking about the more traditional way, and that is through mining.

 

WHAT IS BITCOIN MINING?

The term Bitcoin mining is slightly misleading. You won’t need a pickaxe to swing at stones to find additional Bitcoins. Bitcoin mining is the process of adding new and more Bitcoins coins to the digital currency system. So how do new Bitcoins come into existence through this mining process? By letting your computer solve complex mathematical equations, new Bitcoins are generated.

As the time progress, the difficulty level of these mathematical equations increases. That’s very important because controls the number of Bitcoins that is put out in the circulation. Meaning, if the supply of the item is not that high, the demand for it increases making the price of Bitcoins very volatile.

Now you may be wondering, is mining Bitcoins legal? And the straightforward answer to that is, Yes. In many cases, Bitcoin is not treated as a currency but rather a personal property. As such Bitcoin is afforded some legal protection, just like any other property. Will it ever be considered as illegal? It’s a little complicated. Some people falsely believe that Bitcoin mining is like counterfeiting money, but that’s not true. Also, some government views Bitcoins as a threat because it competes with their national currency while some believe that it undermines the government entirely. For example, in Russia where Bitcoin is banned. Some Russian authorities want people who use Bitcoin to face multi-year sentences in jail. Others are advocating for a softer touch.

 

BITCOIN MINERS

So, who’s in charge of mining the Bitcoins? The ones responsible for mining Bitcoins are called Bitcoin miners. They are the ones who add the public transactions made by the people who use Bitcoin into the blockchain.

Miners use a mining rig, which is a metaphor for a single computer system that performs the necessary computations to mine Bitcoins. This provides a smart way to issue the currency. And, also creates an incentive for more people to mine. Since miners are required to approve Bitcoins transactions, more miners mean more secured network.

 

MINING SOFTWARE

While the Bitcoin mining hardware itself handles the actual process of Bitcoin mining, special Bitcoin mining software is needed to connect Bitcoin miners to the blockchain and your Bitcoin mining pool as well, if you are part of a Bitcoin mining pool, which will be discussed later on this tutorial.

The software delivers the work to the miners and receives the completed work from the miners and relays that information back to the blockchain and your mining pool. The best Bitcoin mining software can run on almost any operating system, such as OSX, Windows, Linux, and has even been ported to work on a Raspberry Pi with some modifications for drivers depending on your mining setup. And some of this software include MinePeon, EasyMiner, BFG Miner, and CGMiner.

Not only does the Bitcoin mining software relay the input and output of your Bitcoin miners to the blockchain, but it also monitors them and displays general statistics such as the temperature, hash rate, fan speed, and average speed of the Bitcoin miner.

There are many other different types of Bitcoin mining software out there, and each has their own advantages and disadvantages, so be sure to read up on the various mining software out there.

 

GRAPHIC CARDS

The Bitcoin network automatically changes the difficulty of the math problems, depending on how fast they are being solved. Now you might be wondering how does a graphics card help in mining?

In the early days, Bitcoin miners solved these math problems with the processors in their computers or their CPU but soon discovered that graphics cards used for gaming were much better suited to this kind of work. Why? GPUs are laborers. They do a lot of repetitive work which is what is required in rendering a video game. And that’s what’s involved in mining. GPUs also have a lot more ALU or arithmetic logic unit than CPUs and as a result, they can do massive amounts of heavy mathematical labor.

 

ASIC (Application-Specific Integrated Circuit)

Are chips designed and manufactured for a specific purpose. ASIC chips have been made specifically for Bitcoin mining. It allows miners to use hardware explicitly made for Bitcoin Core or other SHA-256 algo coins. An ASIC has benefits over CPU, GPU, and FPGAs due to being designed for one specific task only. They can mine Bitcoins at a higher hash rate (speed of processing transactions) than CPUs, GPUs, and FPGAs.

Though some controversies are surrounding the existence of ASICs in the cryptocurrency world as some fear that ASICs may lead to centralization of cryptocurrencies, it hasn’t necessarily played out in practice.

ASIC technology now has made Bitcoin mining even faster while using less power.

 

POOL MINING

Bitcoin core mining has gotten so high powered with the race to be the winner to solve a block, that it has evolved into pool mining where a group of miners wants to have as much hash power as possible to get a share of the Bitcoin Core block reward. By combining your hash rate with that of many others, you have a better chance of solving blocks (creating a block) and getting the block reward.

 

So, going through this specific way of getting Bitcoin has probably made you want to be a miner. But before you can do that, there are plenty of things to consider before you start generating some digital cash through mining. You would need to consider the hardware you would need to mine, and that alone may take a while as there is already some software dedicated to mining. Not to mention the amount of power that a mining rig will eat up. And there’s also the question of whether or not your country or government allows Bitcoins or cryptocurrencies let alone mining them.

How to Convert Cryptocurrency Back into Fiat Currency

When I was still new to cryptocurrency, I have wondered how could I convert my cryptocurrency such as Bitcoin back into my local fiat? Some may ask, why would I want to exchange my Bitcoin into my local currency when I can be making more with my cryptocurrency? Well, just like having any local currency, if you go to another country, it might not be accepted everywhere. Same as Bitcoin, it may not be accepted everywhere you go. So today, we’ll be discussing ways on how you can turn your Bitcoin into a local currency that you can use.

 

There are many ways that you can do that, and we’ll go over that list on this blog.

  1. Cryptocurrency Exchanges

The first thing you can do to convert your Bitcoins into local fiat currency is by using a cryptocurrency exchange. There are many options for the cryptocurrency exchange, some of the most popular ones include Coinbase for instance which is available in over 30 countries which is an advantage. But you also have other options for cryptocurrency exchanges such as Kraken and Gemini. There are many other exchanges available for you to use so, make sure to check out other exchanges that are available to you.

 

  1. Cryptocurrency Debit Card

Another easy way for you to convert your cryptocurrency into fiat currency is to have a cryptocurrency debit cards. There are debit cards that will allow you to tie it up with your cryptocurrency holdings and there are multiple options that you can do this. Coinbase, for example, has a VISA Bitcoin debit card that will enable you to keep your holdings in Bitcoin that you will be able to spend anywhere that VISA is accepted. This is a convenient way for you to use your cryptocurrency to pay for things such as going to a restaurant, going to the movies or buying stuff for yourself. You’ll be using your VISA card but in fact, you will be using your Bitcoin holdings. This type of debit card will also allow you to go the ATM and withdraw funds into your local currency against your Bitcoin holdings. There are other cryptocurrency debit cards that you can use aside from Coinbase. There’s Bitwala that also offers a VISA debit card that’s tied to your Bitcoin holdings.

 

  1. Sell it to someone else

Another way that you can convert your cryptocurrency into fiat currency is by simply selling your Bitcoins to someone else. You can sell them to your friends, or family or people that you are willing to meet. Many people are looking to buy Bitcoin from other people. The one advantage of selling them yourself is that you can sell them directly by just sending your cryptocurrency address to the other person. While there are advantages to doing so, there are also disadvantages. The problem with this is that you may not be given a guarantee that the other person will pay you. So always make sure that you get to know the person that you’re selling to.

 

  1. LocalBitcoins.com

If you don’t want to risk losing your Bitcoin by selling them to another person, one alternative would be to use a local trading site. One great option would be going to LocalBitcoins.com. LocalBitcoins.com is available in over 200 countries, provides a platform for buyers and sellers to have access to an escrow service. The escrow service will provide sellers protection as they will only release the Bitcoin once the seller receives the payment.

 

  1. Bitcoin ATM/Bitcoin Teller Machine

One other option that you can use is to use a Bitcoin ATM simply. These ATM or Bitcoin Teller Machines. It’s straightforward to use, much like any other ATM that you’re used to, you simply go up to these machines, and you can buy Bitcoins or sell your Bitcoins to the machine which has a multi-directional option. It’s easy, it’s simple and a process that’s a little familiar to you.

 

These are just some of the ways that you can convert your Cryptocurrency into local fiat currency as there many other means that you can do this. But you always need to remember that with whatever you decide to do and however you decide to do it, you need to make sure that you have done your research as you want to be prepared with all the questions that you may have before you go transacting using your cryptocurrency.

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