Initially, it can be extremely daunting trying to figure out the first steps in your journey towards becoming a successful crypto trader or investor. Where and how should I purchase my first bit of crypto coin? Where is my cryptocurrency stored? What’s an “exchange” and which provide the most benefits or features that I’ll want when trading? What are the best practices for making sure my investments are safe and secure from malicious hackers? Rest assured, there are no stupid questions, and no question that hasn’t likely been answered before when it comes to some of these crypto-basics. Over the course of the next several blog posts, we will be explaining some of these basics and best practices so you can get to investing and trading in no time. Before we take any steps into the world of investing or trading cryptocurrencies, you have to have a grasp on what a cryptocurrency actually is. By definition, a cryptocurrency is a peer to peer digital asset system, designed to work as
Guys, anyone who is trying to predict BTC right now is going to be on the hot seat! I think Alex did a great job charting BTC the other day and the possibilities of where it could go. One scenario we have, is that BTC has already corrected back to the $5500 levels, where we may see another run up to $10,000. However some would argue that the drop to those $5000 levels last week was a result of the BCH (Bitcoin Cash) run. If you were to ask me right now where I think BTC is going, I don’t think myself or anyone else could tell you. However, that doesn’t mean we don’t have indicators as to what behavior might take place. The market indicators are both positive and negative. On one hand there are indications we will reach the $10,000 range; and on the other we have some indicators that BTC may drop to the $5200 levels again, as predicted previously, essentially similar patterns to what we saw last week with the BCH run. Now, let’s take a look at why I feel BTC has the potential to
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