CryptoStarter

21/11/2020

Oh well, it has been some time since my last post as the crypto market has been up and down, but in the past couple of years, mainly down. Though I did keep my real crypto no matter how low it went and that is saying something as at it’s height BTC was above $18k, but then it went down down down, but as I had faith it the crypto idea in general, I kept it, not much, but still, seems that that worked for me as BTC is now back up to above $18K and currently not showing signs of slowing down. It Naturally, I am keeping it all in a Trezor USB HW wallet to keep it all safe, never keep anything in the exchanges it simply is not safe enough. THOUGH, if you do have a Trezor, be sure to update it as they have discovered some issues recently.
BUT, I want to ride the current wave with the small amount of spare cash I have and so have switched all my investments in Etoro to crypto. As I have explained in past posts, for ME (that is, I am in no way recommending this to anyone else as there is a risk involved) this is a faster way to make money.
I shall explain this again, first of all, it is much easier to get cash in and out of Etoro than in to real crypto. Second, you can automate buying and selling to protect your investment to some degree. Third, you can use Leverage, this means that you can invest $100, but they will treat it as if you have 2X that, this is not as good as Xmas 2017 when you could do X10 and then I really made some good money, but it is still better than nothing. Just remember that you can make 2X on your investment, but if things start going down, you will also lose 2X which is why this can be dangerous if you are not on top of things all the time. Lastly, is the UK at least, if you do 2X then you are investing in CFD’s not real coin (explained in past posts) and as far as I know, as far as the tax man is concerned, this is thought of as a gamble and thus unless you are doing this professionally, the profits are not taxable. Have fun, be careful and make sure you follow your investments and react if things change.

25/06/2019

Well the bull definitely seems to be out and running wild, in the last 7 days it has gone up by around 24% and is not showing any signs of slowing down, also it seems that unlike past trends, of the top 10, Bitcoin is not only leading in every other way, but is also going up faster and stronger than any of the others. TO me this defiantly seems like a good time to buy.

19/05/2019

Well folks, after a long time with nothing from me, I thought it time to add something. This is due to the fact that (in case you missed it) crypto is back on it's way up. A few months ago, the total market cap of crypto was under 90,000,000,000, but now it is up to almost 200... as I write these lines, that in itself is nice, but we can also see a general trend of all the coins gaining with BTC remaining dominant at around 57% of the total market.
I can say that though my investments have not gone back to what they were around Xmas of 2017, I help on to most and over the last 3 months have seen increases of around 6, 13 and 30% respectively. Though I am not rushing to buy much again at this point in time, I am adding some as the trend over the last few months is consistently positive.

01/08/2018

So what is the easiest and safest way to start playing with crypto? Well as has been explained and will be elaborated dealing with crypto is not a simple thing and requires registering on an exchange, registering somewhere to buy the crypto (some exchanges offer this as part of their service) registering a wallet to keep your crypto safe and so on, a bit of a maze. BUT if you simply what to try it in an easy and risk free way, you can do the following; You can register with a CFD site, one of the largest and easiest is https://www.etoro.com , you will be able to register with a trial account and will be able to start learning about these things for free. However, do not be tempted to use them for real as ever since last Xmas when things went a bit mad, they made trading in crypto rather expensive and getting money out of them at the end of the day is a very lengthy process. But it is a goo place to get going and learn a bit and gain some experience.

Trade and invest in cryptocurrencies, stocks, ETFs, currencies, indices and commodities or copy leading investors on eToro's disruptive trading platform.

31/01/2018

Well in case you are just getting in to all this, one of the first things to do is to find a nice place to buy BitCoin. You may be more interested in other coins, but it order to buy those at a later stage you will need one of the big ones, BTC, ETH ...
You will need to have a digital wallet to keep your coins in, which you can use to transfer them to and from the exchange of your choice. I currently use a wallet by Jaxx, seems good,has good reviews and has both a desk top app and a mobile app which you can sync.
Once you have your wallet up and running, you will want to buy some coins to start training, there are many places where you can buy these such as Plus500, Bitcoin Code, Coinbase and others. I am currently using https://www.solidi.co , they are a small company based in the UK, I had a chat with them and seem very nice, they broker deals and are easy to use. If you register with them, like most, they will allow you to buy a small amount of coin, but in order to increase that, they will need to put you though KYC and AML i.e. verify your ID, address and so on, this may take a day or two but once done, you will be good to go.

27/01/2018

Well, it seems like the bottom has fallen out of crypto for now. However, I think it is just a temporary thing and a great opportunity to look at getting in to the game.
I shall be putting up some videos soon explaining how to buy crypto with FIAT (normal money) and then how to start investing in Bitcoin and many other Alt coins. Happy to take requests.

13/01/2018

The most important thing to do when investing in crypto coins is to analyse the market and see which coins are going up, which are going down and what the trends are.
Don't just blindly invest in something because everyone you know is doing it. Go to https://coinmarketcap.com/all/views/all/ where you will find a full list of all coins there market capital value ( I only buy ones with high market cap) and also trends over the last hour, day and week.
https://youtu.be/yXL1iaZqbJ8

Using Coinmaket to asses the Crypto Coin market status.

13/01/2018

SO what is all this crypto and Blockchain thing?
Well as the TWO names suggest, they are different things, Blockchain is the technology that makes this all work in a very secure and distributed way (i.e. not controlled by one central entity like a bank or country), a separate post will be dedicated to this.
A Cryptocurrency is like any other currency only it is digital rather than physical, so you cant touch it. So how many are there, many people only know a few of the big ones such as Bitcoin, Ethereum and the such, in fact as I write this, there are 1,426 different coins, ranging from a market capital (overall value=Total number of coins available X current price) of several Thousand to several Billion Dollars. Prices of coins go up and down all the time exactly like other currencies or shares.

13/01/2018

As many of us are getting interested in Cryptocurrencies I have decided to open a page to give some help in getting into this. I will not be giving investment advice as I am in no way qualified to do so, but to help with the technical aspects, that I can do.