At the beginning of October I jumped into Bitcoin with an investment of $3000
6 weeks later of ups and downs, wondering whether to sell or hold, staring at my phone every 2 minutes (on my construction site) to check latest prices my $3000 was now worth $15000.
Then with natural progression and being a latecomer to Bitcoin, I started to get interested in other Alt currencies in hope of repeating success enjoyed by early adopters of Bitcoin (when it was cheap). After research and listening to people on Cryptsy.com and Btctalk.org I then took a calculated risk and dumped all my BTC (which was earning money every day) for uptrending and early cryptos;
That's where you can make big profits right now. Not BTC.
This is my current spread
DigitalCoin x 10000 (price goes up 1 cent = portfolio increase of $100)
MegaCoin x 40000 (price goes up 1 cent = portfolio increase of $400)
GoldCoin x 600000 (price goes up 1 cent = portfolio increase of $6000)
Some days there is greater movement than others but the trend is mostly positive.
The idea is that when you get in from ground floor (before the coin demand goes up too high), this is where you can see explosive return on investment. You should not be looking at Bitcoin or Litecoin (soon your mother will be talking about them).
Allot of Alts (alts are any other digital currency that is not Bitcoin) are providing a 50% return every single day!
At current market cap and 2 months later my $3000 is now valued at $30000 and increasing every hour.
www.coinmarketcap.com
If anybody wants any advice about how to start investing in cryptos, I'll do my best to share what I've learned so far.
A small amount now (just for fun and something that you can afford to lose) could go a very long way.
In terms of regulation (which is had/has to happen) and legality; there were 2 congressional hearings about digital currencies at the US Senate on the 18th and 19th November 2013.
Here is part 1 :
[video=youtube;CSTo9XgOgtY]http://www.youtube.com/watch?v=CSTo9XgOgtY[/video]
Here is part 2 :
[video=youtube;JzpRsUYxuaU]http://www.youtube.com/watch?v=JzpRsUYxuaU[/video]
6 weeks later of ups and downs, wondering whether to sell or hold, staring at my phone every 2 minutes (on my construction site) to check latest prices my $3000 was now worth $15000.
Then with natural progression and being a latecomer to Bitcoin, I started to get interested in other Alt currencies in hope of repeating success enjoyed by early adopters of Bitcoin (when it was cheap). After research and listening to people on Cryptsy.com and Btctalk.org I then took a calculated risk and dumped all my BTC (which was earning money every day) for uptrending and early cryptos;
That's where you can make big profits right now. Not BTC.
This is my current spread
DigitalCoin x 10000 (price goes up 1 cent = portfolio increase of $100)
MegaCoin x 40000 (price goes up 1 cent = portfolio increase of $400)
GoldCoin x 600000 (price goes up 1 cent = portfolio increase of $6000)
Some days there is greater movement than others but the trend is mostly positive.
The idea is that when you get in from ground floor (before the coin demand goes up too high), this is where you can see explosive return on investment. You should not be looking at Bitcoin or Litecoin (soon your mother will be talking about them).
Allot of Alts (alts are any other digital currency that is not Bitcoin) are providing a 50% return every single day!
At current market cap and 2 months later my $3000 is now valued at $30000 and increasing every hour.
www.coinmarketcap.com
If anybody wants any advice about how to start investing in cryptos, I'll do my best to share what I've learned so far.
A small amount now (just for fun and something that you can afford to lose) could go a very long way.
In terms of regulation (which is had/has to happen) and legality; there were 2 congressional hearings about digital currencies at the US Senate on the 18th and 19th November 2013.
Here is part 1 :
[video=youtube;CSTo9XgOgtY]http://www.youtube.com/watch?v=CSTo9XgOgtY[/video]
Here is part 2 :
[video=youtube;JzpRsUYxuaU]http://www.youtube.com/watch?v=JzpRsUYxuaU[/video]
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