How To Invest In Crypto
A Complete Guide To Buying and Investing Cryptocurrencies!
How to invest in Crypto you might ask? Have you been considering investing into the world of Cryptocurrency? Great! The future is bright and you've come to the right place!
On this website we will guide your through all the steps to get started from beginner to advanced users.
The future of our world will soon run on the backbone of block-chain technology - get started by investing today!
Let's Start By Covering:
What is Crypto?
Cryptocurrency is the future of not only money as we know it (also known as fiat), it is also the future of how technology and our world will operate in the near future.
Before your first investment into Crypto's it’s very important to understand what you're actually investing in!
The Original and “Gold” Standard Cryptocurrencies is known as Bitcoin.
So what exactly is Bitcoin?
In short - a decentralized currency - not controlled by any form of government or centralized agencies or servers. Essentially it is a peer to peer platform which relies on what is called 'blockchain' technology to verify transactions.
Watch this short 2 minute Bitcoin / Crypto explanation video by Bitcoin.org.
What is Blockchain?
Ok so now you have a basic understanding of what Bitcoin is - but what exactly is a Blockchain?
Imagine exactly that. Blocks - that stack on top of each other - each block containing hundreds of confirmations of all transactions conducted confirmed by with across the globe.
Blockchain technology can vary depending on the Cryptocurrency but essentially they all work the same way - providing a fraud proof and irreversible decentralized platform to transfer value which can not be duplicated. Pretty cool huh?
Watch this short 2 minute video to understand Blockchain technology.
Why Invest in Crypto?
The answer is simple. It’s the future of how not only we will make transactions but how the world will operate. In short it’s the internet re-invented - and it has massive potential. Essentially blockchain technology will replace how this world is ran and conducts business in 10 to 20 years. Pretty amazing huh?
Bitcoin (at most other Crypto's for the matter) has a very volatile price due to its early phase of adoption and huge growth potential. Don't be scared of the HUGE price of bitcoin - you can buy fractions of a coin - you do not need to buy a full one!
Many investors estimate that the price of could reach $500,000 by 2020. We highly recommend those who have money to invest put a portion of Bitcoin into their portfolios.
How To Buy Crypto (Guides)
So how do you make you first investment? Well you first have to buy Crypto!
This can be done through many online exchanges, but for beginners and user friendliness we highly recommend Coinbase - a online digital currency platform to buy and sell cryptocurrencies. They also own GDAX as well which is their online Crypto trading exchange.
So you bought you first Crypto(s)! Congrats! What next?
SECURE YOUR CRYPTO!!
I can not emphasize this enough!!!!
If it's a small amount invested you'll be fine keeping it on Coinbase. Just make sure you enable 2 Factor Authentication for security. This can be found in the settings!
If it's a larger amount I highly highly recommend purchasing a Hardware Wallet - it stores your coins off the online exchanges or your personal computer and you gain full control of your private keys! (Your Money!)
Hardware Wallets I Recommend
If you want to play it safe and want to earn interest the naturally through the climb of the Charts of whatever Crypto you purchased - simply do one thing. HODL! (Hold) (term came from this old forum post)
Hang on for the RIDE!
If your purchasing to HODL do not give in to volatility of the price charts!! There will be major swings! If you play the charts you will almost always lose! HOLD HOLD HOLD! Safest bet is to put your Crypto on a hardware wallet and lock them away for a few years. Come back 10 years from now and celebrate!