Over these past few days the cryptocurrency market has experienced some HUGE dips - just look at it >>> https://coinmarketcap.com/Many panic in fear and dump their coins which makes no sense whatsoever....however, a smart investor will always see this as a HUGE opportunity to profit big. Ethereum recently hit a $220 low in comparrison to it's $400 high just a week ago. (Who can say "remember $300 bitcoin!? Those were the days)
Now is not only an opportunity to get in if you have been sitting on the fence but also an opportunity to start building your cryptocurrency portfolio of the top currencies such as BTC, ETH, LTC, XRP...to name a few.
Here are some basic steps to get you going!
- You are going to need a wallet for the currencies you are buying. If just starting out with Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) you can use Coinbase - which is also the place you will be buying your coins from - two birds, one stone.
- Buy some cryptocurrency! Coinbase also give away and extra $10 worth of bitcoin if you spend $100 on your first purchase.
- Hold it and wait for it to rise again.
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Another way to earn cryptocurrency is to mine it. This is great if you want to earn passive income and get daily cryptocurrency payouts. The largest cloud mining company is Genesis-Mining who offer life-time contracts with no expiry! This means you will be receiving daily payouts pretty much until mining becomes unprofitable (all the bitcoin has been mined) - there are 22 million bitcoins in the world, that is all there will ever be! And at this present day 16 million of them are in circulation.
Here are some basic steps to begin mining:
- Get yourself some wallets. Now you could use the Coinbase wallet. Or alternatively, you could download a desktop wallet such as Jaxx or Exodus. These are both very popular multi-wallets meaning they can store all of your popular currencies such as BTC, ETH, LTC as well as Dash, Golem and Dogecoin - if you ever want to stretch out and dabble in some more altcoins (oh you will ;-) )
- Sign up at Genesis-Mining and buy some hashpower.
- Sit back and let the crypto roll in!
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Additionally, always continue to up your knowledge base - the crypto market is consistently growing and is being branded the biggest thing since the internet....really!!? That is a huge deal... It would serve you well to read up on everything you can regardin what effects the market, trading and exchanging currencies to ultimately yield more bitcoin. There are plenty of books on here as well as a wealth of information on youtube! Need any additional info or advice, just drop us an email, we are always happy to help - alg@books4success.net