it's to late ship sailed.
I'm completely green, so please explain as simple as you can, thank you I appreciate those of you who try to help
mlodagdynia or VeryNiceGuy
they are crypto gods in HLTV
Taking advice from HLTV about cryptocurrencies/investing...
Enjoy losing your money.
So to start with, you need to answer important question if you want to hold Bitcoin or you want to hold altcoins like Ripple, IOTA, Bitshares and many other.
Bitcoin is already established and worth a lot so the chance that you will make fortune is smaller + you can't probably afford to buy few bitcoins.
Altcoins is different story, most of altcoins are still to be established and still worth not much comparing to BTC, with years to go a lot of altcoins will rise in price by thousands of %, that's why I am into altcoins only. You still can buy a lot of altcoins for 1 btc, but its up to you, Bitcoin is solid and guarantee you money but not as much as could give e.g. ripple or iota. So answer this question first.
Purchasing bitcoin is very easy, using Coinbase or Gdax, all you have to do is register there, verify your age, name etc (passport or id) and link your card or bank account.
When its all done (around 1 day) you can purchase bitcoin by card or bank account, it takes few hours maybe 1 day if its really slow. When you get your bitcoin on the website you have to choose either you invest it into altcoins or hold bitcoin, if you want to hold bitcoin you have to download and synchronise Bitcoin Core Wallet (google it) it will take few days to synchronise the wallet so till that time keep ur BTC on the exchange where you bought it. If you want to invest BTC into Altcoins then with the BTC you purchased on coinbase or gdax you need to send it directly or via wallet to the exchange with different cryptos, these are best exchange right now : Bittrex, Poloniex , Binance < For major currencies and for smaller ones Cryptopia, Yobit, Coinexchange
Creating account on these exchanges takes 10 minutes, on most of them you don't have to uplaod your id unless you want to trade thousand of dollar per day then you have to. When you make account on one of these exchange you creating address for depositing bitcoin and send your bitcoin from coinbase or gdax on this address that the exchange gave you. After hour or few (btc is very slow) you will receive your bitcoin from the exchange. From there you can purchase any currency via BTC. Then if you want to hold your currency long term you have to download appropriate wallet for that exact currency and synchronise it too (some wallets don't have to but most of them do) and then send your currency from the exchange to the wallet. You have to save all private keys, passphrases etc to keep your account safe (to recover funds or password) also make a backup copy of wallet if that's possible and store it on usb stick. Never hold your private keys and passphrases stored on email or somewhere easily to access by someone. Now when you have your currency on your wallet you just hold and wait, don't forget to check time to time news about your coin as there might be some mandatory update where you have to install new wallet or otherwise you can lose your money!
If you plan to trade daily then just purchase your favourite coins and keep them on exchange and trade them, it's up to you, I highly recommend buying and holding it for year or two and get big profits;) As cryptocurrency is just starting to get into mainstream, more people getting into it means more more will flow into this means more profits for us those who went early.
I hope I helped:)
Easy way is to use etoro, its a stockmarket with The top 6crypto. To make and account and deposit takes 3min and Its simple
Best experiece if you use the app But it works good with Web to
As I read about BTC and IOTA now it's too late for small investments.
I've got 1000 $ in rubles. Do you recommed me to invest in ETH or something?
buy RaiBlocks, thx me later
EOS will fuk eth when its released
Buy Ripple. Thank me later.
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