Are you getting started with bitcoincryptocurrency investing in 201815
Have you considered investing in cryptocurrency? There are a lot of compelling reasons why investing in digital currency is a must.
Let us take the story of this crypto investor, who found the real deal in cryptocurrency investment. He gladly shares how he made the right decision to invest in digital currency. It was not an easy ride for him, he had some doubts and qualms about his plan, but it did not stop him from leaping a faith.
This article will show you the steps he took in building that confidence and right decision in crypto investment. I just accepted a new job and between the work hours, the commute, meals, and a workout I was left with at most an hour of free time a day during the work week.
I need to be mastering something outside of work or I start to stagnate. All of them said this was something I needed to look into. After a half hour of reading about cryptocurrencies I knew I had found my project for the summer. At first, are you getting started with bitcoincryptocurrency investing in 201815 reading was exciting. Cryptocurrency, a revolution in electronic money transfer that could easily snowball into something as world-changing as the internet.
I thoroughly enjoyed reading through the different business plans each cryptocurrency had. Each one had their own strategy to secure their place in the market.
I thought it was fascinating to see a currency have a business plan. I hit my first wall when learning about the blockchain. The blockchain is one of the most are you getting started with bitcoincryptocurrency investing in 201815 technologies underlying how cryptocurrencies work. Unfortunately, I found learning about the blockchain are you getting started with bitcoincryptocurrency investing in 201815 and confusing. It was the last thing I wanted to be reading about after a tough day at work.
I started to lose are you getting started with bitcoincryptocurrency investing in 201815 in cryptocurrency. My once productive hour started to get whittled down by Facebook, emails and other distractions. I had to do something to get myself back on track, but how could I make the blockchain interesting? I decided I would make some stakes. I found a reputable online cryptocurrency exchange, typed in my credit card number and bought dollars worth of Litecoin a cryptocurrency.
For all I knew I just sent my money into the oblivion. I felt more connected to the subject, it was the breath of fresh air I needed.
The next day I sat down and read as feverishly as an ivy league researcher. I was impressed by how much of an impact investing had on my motivation so I decided to take it a step further. I decided to turn this little adventure of mine into a class. I refined the subject from cryptocurrency to cryptocurrency investing and decided the cost of the class would be dollars.
I would throw dollars into the cryptocurrency market assuming I would lose it all. I figured the knowledge I would gain from learning about investing and cryptocurrency would be worth much more than the dollar cost. I only had enough time in my course for one book on traditional investing so I had to be very picky about it.
I decided this would be the book for my course. While parts of the book were a little dated it came out in I found the core principals helpful. I used a combination of podcasts, YouTube videos, and websites to educate myself about the cryptocurrency space. I cheated a little bit on my hour rule and listened to the podcasts during my commute. My main takeaways were that cryptocurrencies are a cheaper, more secure and more versatile way to digitally transfer money.
After doing light research into ten different cryptocurrencies I decided I liked Bitcoin, Ethereum, and Ripple. So I started to dig deeper into these three currencies. I was happy with what I found and confident that these three currencies had a high chance of long-term success.
So now all I had to do was figure out a plan of action. I wanted to keep my buying and selling strategy simple so I gave myself three rules:. I had my cryptocurrencies of choice and I had my buying and selling strategy, now all that was left was to invest.
In mid-July, I started to put my money into the market. The first few moments after the money left my bank account were good.
I felt like a success for committing to a big plan, but then panic set in. I always thought the mental side of investing was overplayed. Plus I had even planned to lose all the money I invested. After my money went into the market, the hour a day I allotted for my cryptocurrency investing course became insufficient. My life quickly became ruled by my investments. Are you getting started with bitcoincryptocurrency investing in 201815 developed an awful habit of checking the price charts every ten minutes.
If my investments were doing bad I would freak out and start pouring over market analysis after market analysis. I let the market play with my emotions. I reached a breaking point at the end of July. After staying up late for the third night in a row reading about cryptocurrency news and price predictions, I slept through my morning alarm. I wound up waking up late are you getting started with bitcoincryptocurrency investing in 201815 missing an important meeting at work.
After a myriad of apologies to the vice presidents of the company, I was ready to end my course. I sat with that thought the whole day. Then I looked at the problem as if I was really taking a university class. If I got a bad grade in a class would I drop it? I decided I could do it, it was OK that I failed, failure is how you learn.
I knew that I was going to need more than willpower to stop myself from looking at the price charts and market analysis thought. So I found two tools that I would depend on. The week following my break down was tough.
I wanted to check how my investments were doing constantly. I kept reassuring myself that Blockfolio would notify me if anything major happened. After the initial week, it got much easier and then near the end of August, my phone started buzzing off the table.
On August 6th, while I was furiously typing away at a report are you getting started with bitcoincryptocurrency investing in 201815 phone came to life. I was so high on the fact that I hit what I thought was an impossible target that I thought I could do anything. An all-time high for bitcoin! Would the price keep going up, or would the whole market collapse. Did I invest in a scam and was the carpet about to be pulled out from underneath me?
I was letting the market control my emotions are you getting started with bitcoincryptocurrency investing in 201815, so I took a long walk and thought.
I had confidence that all three cryptocurrencies I picked had a future, but I only had three weeks left of my course. How could I best play these last three weeks? I looked at my three investments and saw Bitcoin and Ethereum jumping up but Ripple staying relatively calm. I reasoned that the jump in Bitcoin and Ethereum would bring new investors to the market.
These new investors might be interested in ripple just like I was. I also knew other investors had to be afraid that the bitcoin price might crash because of its quick rise. I thought other investors might want to hedge their bets against a bitcoin crash by moving money out of bitcoin and into other currencies. Ripple had are you getting started with bitcoincryptocurrency investing in 201815 high chance of being one of those other currencies. So I put all my investments and earnings into ripple.
I set an alert on Blockfolio for 0. Unfortunately, news kept popping up about Bitcoin reaching all new heights. It made me feel like an idiot for not keeping my money in Bitcoin. Why did I switch it all over to ripple I should have put it in Bitcoin.
Frustrated I called a close friend and mentor to tell him about my stupid investment decisions. The thing is, you never know when you are at either.
Instead, aim for buying at the knees and selling at the shoulders. If you get greedy and try to go for the head those investments will ruin your life.
I stopped stressing about missing out on bitcoins rise in price and instead was happy with how well I was doing at this investment course. Then on August 24th while I was in a meeting my phone went off. By the time I got out of the meeting the price had already hit 0. I sold it all right then and there. My initial dollar investment grew to 2, dollars and my investment had grown to 6, I spent the last week reflecting on the experience.
In total my investment turned into 9, dollars. Not too shabby for a month and a half.
In OctoberHuobi adjusted its business and organizational structure to expand across the globe. On November 4,Huobi. In Juneone of the three of China 's biggest mining pools — Huobi Pool — maintain that the Bitcoin Core development team should strive for consensus, and will therefore not support a switch to Bitcoin XT. CEO of Huobi's mining project Digcoin, Evan Mo, emphasized that the Core developers need to are you getting started with bitcoincryptocurrency investing in 201815 their collaborative process in order to come to a consensus on Bitcoin scalability issues.
Huobi Korea, a subsidiary of Huobi, announced that it has officially launched on March Huobi US has registered with the U. Huobi Labs is a blockchain incubatordedicated to serving early-stage start-ups of blockchain industry, headquartered in San Francisco, the United States of America.
Research institution focusing on technological research, industry analyses, application innovations, trend analyses and business consulting in the field of Blockchain.
HT is a point system based on blockchain distribution and management, running natively on the Ethereum blockchain with ERC In SeptemberHuobi announced the mistake through its official Weibo account, reporting that bitcoins and 8, litecoins had been wrongly deposited into 27 different accounts.
The firm, contacted and returned the cryptocurrency lost, worked towards upgrading their processes from customer service reviews to financial department auditing. From Wikipedia, the free encyclopedia. Retrieved 12 March A who's who of blockchain investors and startups in China".
South China Morning Post. International Business Times UK. History Economics Legal status. Are you getting started with bitcoincryptocurrency investing in 201815 of bitcoin companies List of bitcoin organizations List of people in blockchain technology. Retrieved from " https: Bitcoin exchanges Digital currency exchange Bitcoin companies. Articles containing Chinese-language text Official website different in Wikidata and Wikipedia. Views Read Edit View history.