Wanna Get Into Bitcoin & Cryptocurrency? (Tips & My Beginning Endeavors)
By: Masson Corlette
Tags: Altcoins, Invest Bitcoin, Bitcoin, Cryptocurrency

Firstly, I want to express my excitement for who is reading this, a revolution is under way! With pouring amounts of vast interested individuals joining the community day by day, word of mouth is spreading awareness every where.

This may be the biggest capital opportunity of our lives, and I say this with truth and a point to be made. People view this as a asset to put money back in their pockets; not in a traditional market way. We are looking at 25%, 50%, even 100% (2x) gains in this volatile market, but that is just the start. ICO’s (Initial Startup Cryptocurrency Coins) some times fly to the moon with 10x returns. But don’t just yet grab your debit cards, and fly to Coinbase or major cryptocurrency exchanges yet! I want to help you realize that we are possibly looking into a window! A window that views 10, 30, 100 years into the future! Get excited about the endless possibilities and innovations that cryptocurrencies entail! I want to show some pointers and hope to get anyone brand new/moderately new more educated before they consider to invest in any large capital coin or AltCoin. I also want to share with you my experience thus far, and hopefully show you what you can expect.

Firstly I want to get some terms out of the way for any brand new people reading. There may have been some terms above that you didn’t understand, so I guess I will do a straight forward bullet list.

Bitcoin: The first generation of true digital value, able to send across borders in split seconds.

AltCoins: The alternative coins that either have one difference in tech, or many compared to Bitcoin. Forks in the tech happen so innovation can happen.

ICO’s: (Initial Coin Offering) These are the “go fund me’s” of cryptocurrency start ups. Usually start with a minimal price point, to attract investors who trust the start up.

Pump and Dumps: These can result from ICO’s and are not desired by any investor. Market pumps to beginning highs, then whales pull out profit for a dump. Indicators of pumps and dumps can be determined.

Small Cap: Anything below a 200 Thousand market capital is considered a small cap Altcoin

Mid Cap: Anything below the top 5 coins and above around 200 Thousand is considered a Mid Cap.

Large Cap: The top 5 coins, currently: Bitcoin, Ethereum, Bitcoin Cash, IOTA, Ripple

These are very important terms that will put you in the right track, and you will use every day as you go through your journey. Keep these in mind!

For the people who play long term holds on the big caps like BitCoin and Ethereum, this is a lot more simple. Over the past few months you were guranteed a pretty hefty profit, with only holding your investments for weeks at a time. But for many people who go deep into the rabbit hole, it gets more interesting as innovation is exploding — with the IOTA team visualizing a world where machine to machine micro transactions plays a major part in our world, and with Substratum focusing on developing a Web 3.0. Where individuals can host their own websites and decentralize we hosting! We are looking at world changing technology that could impact all of us. But before being emotionally excited about any project, before investing there is a lot of factors that you should keep an eye out for. Ideas are great, executing by the team is everything. And that is even before if institutions even adopt the tech!

Firstly I must say…. RESEARCH! The stream of knowledge the internet holds will have to be dug up. You have to educate yourself and know the game and the team you are investing into. Self education is the best education, and you will have to make your own decisions. Especially with the market being so up and down, so volatile, nobody knows for sure what is going to happen. The only thing you can rely on is if the cryptocurrency you believe in is scalable and adoptive to the world. I want to give you some pointers I go off of before I invest into any Mid cap and small cap coin.

Learn the Whitepaper! The white paper is the most important determinant of a project. It should be comprehensive, thorough, and explain the technology and purpose of the coin. It should be open to the public for all to read on any main webpage of the coin.

The white paper is the most important determinant of a project. It should be comprehensive, thorough, and explain the technology and purpose of the coin. It should be open to the public for all to read on any main webpage of the coin. Learn about the community! Join the community! See the people behind these projects, notice their excitement, keep updated by what they are saying. Reddit and YouTube are very good websites to see the community.

Join the community! See the people behind these projects, notice their excitement, keep updated by what they are saying. Reddit and YouTube are very good websites to see the community. Look at the team that is developing the coin! How many developers do they have? Did they fork off of any previous coin? What connections to other individual do they have? This, again, should be displayed on any major website.

How many developers do they have? Did they fork off of any previous coin? What connections to other individual do they have? This, again, should be displayed on any major website. How different/unique is the technology? This should be considered when deciding…are there many innovations that differentiate from other coins? Or is it just a copy of coins like LiteCoin or Bitcoin?

These should be all looked into before investing into any AltCoin! I must say that doing all of these have really helped me so far on finding my personal favorite and even most promising projects out there now! There may be a few that you find, but remember… even if a project sounds like the most amazing, for-seeable project that seems to maybe globalize across the whole world! Don’t put all of your funds in 1 or 2 projects! Diversify; don’t put all your eggs in one basket!

-MY EXPERIENCE THUS FAR-

For me diversifying has helped me gain a lot of experience in such a short time period with learning indicators on graphs, and being able to understand graph patterns! It is a all a very neat process and you start to develop an eye for the highs and the lows before they even happen! But this is mainly for people looking to swing trade by the hour or day! Long Term investing is the best way to profit, and for long term holding you have to believe in your project! I was able to learn the basics within a day or so and researched and researched for 3 days after planning who I wanted to invest into! I had an incredible time by being shocked by the innovation under going in these tech companies! I had a chance to really understand the philosophy of cryptocurrency and how it has a chance to decentralize some corrupt powerful institutions.. erm.. erm.. the big bad banks! To us it may seem that the financial system is untouchable, but in reality they are fragile, and cryptocurrency has a chance to evolve the value of a paper bill to try peer-to-peer value transactions with out a third party!

Thank you for reading!

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Thanks For Reading Peeps

-Masson