THE REVOLUTION HAS BEGUN
This Page is still under construction… Enjoy the work in progress 🙂
And it is a Revolution… Every industry will be affected by block chain technology… During the Internet Boom of the 90’s, companies who migrated online were first to grab market share, made BILLIONS in the process and changed the way we do most everything… Then came the Mobile Revolution, and apps moved the world from the desktop to the palm of our hands… The Blockchain Revolution isn’t going to be as visible in terms of how we access the world but it is going to have a tremendous impact behind the scenes and those who take advantage of it stand to make fortunes while those who ignore it will simply watch it happen…
EDUCATION IS KEY
The goal of this page is education… and more importantly… how to put that education to work for you… I’ve written and rewritten the next sections several times in trying to figure out the best place to start and I’ve decided that its best to start with WHY… some of the educational process can be a bit dry and technical.. and you may be all about that… but most people arent… so if I gloss over some of the technical elements and you have questions, feel free to use the comment section to ask anything you’d like… just be respectful. 🙂
DISCLAIMER
I am not a financial advisor and nothing on this blog should be construed as financial advice… I am simply sharing MY experiences and some of the knowledge I have gained in my quest for understanding… Do all the due diligence you can then make your own decisions… You OWN your results.
WHAT EXPERTS ARE SAYING ABOUT BITCOIN
Well Known Investors in Crypto-Currency
Julian Assange – Wiki-Leaks
Al Gore – Vice President
Mark Cuban – Billionaire – Once a Skeptic Now Investing Millions into Crypto
Peter Theil – Billionaire Founder of Paypal
Nassim Nicholas Taleb – Author
David Friedman – Economist
Ashton Kutcher – Actor / Venture Capitalist
Kevin O’Leary – Shark Tank
Tim Draper – Billionaire
Michael Novogratz – Billionaire (Invested 10% of his Net Worth into Bitcoin & Ethereum)
Chamath Palihapitiya – Billionaire Venture Capitalist and owner of Golden State Warriors
Richard Branson – Billionaire
Lawrence Summers – 71st Secretary of Treasury and 27th President of Harvard University
Sean Parker – Napster/Facebook
The Winklevoss Twins (Cameron & Tyler) – Facebook
Some of the Companies that Already Accept Bitcoin
Expedia
Overstock
NewEgg
Microsoft
Dell
Subway (Testing in Various Markets)
CheapAir
TripAdvisor
So What is Bitcoin
What is the Difference Between Bitcoin & Ethereum
CEDRIC DAHL – Hedge Fund Owner
“Ethereum Could be the MOST Valuable Technology of our Lifetime”
HOW BITCOIN & THE BLOCKCHAIN WORK
Non-Technical Explanation 5:24
Non-Technical Explanation 5:24
Technical Explanation 22:24
Technical Explanation 22:24
The Blockchain Visualized 17:49
The Blockchain Visualized 17:49
Hedge Fund Managers are Flocking to Ethereum and Bitcoin
Coinmarketcap – screenshot of top 50 currencies
Coins I’m currently investing in:coming soon… FileCoin and Civic
Ways to make money with crypto currency- Buy and Hold
- Speculating on ICOs
- Not advised unless you are VERY educated on the technology, team, competition, etc…
- Lots of Bogus/Scam coins to avoid
- Mining
- Rigs
- Cloud Mining
- Usually a bad investment as returns diminish over time reducing your ROI due to the coins difficulty increasing and mining rewards decreasing. Many of these companies have affiliate programs that pay commissions for referring others… I’m all for affiliate programs but if the service isnt profitable UNLESS you refer others I dont see the point… If you’re good at referring others have at it otherwise don’t bother.
- Currency Trade (Like Trading Stocks or FOREX)
- Do It Yourself
- You need a fair bit of education before you can be consistently profitable and avoid common pitfalls.
- Buy a Bot (Automated Software to Trade for you 24/7)
- these can range from a one time $300 purchase to several hundred per month services. They are only as good as your ability to program them however… This has created a secondary market for those who know what they are doing to resell their bot settings… In a 30 day test i managed to average 1.43% compounded daily on my investment portfolio… spent MANY hours learning and made many mistakes and still managed to only have 4 negative days… its hard to evaluate the success based on this however as Bitcoin saw a huge spike during this timeframe… also worth pointing out that the Bot I am using tends to miss out on the big gains opting instead for smaller consistent gains of 4-6%… Since nobody has a crystal ball its prudent to invest a small amount of your portfolio into multiple currencies rather than going all in on any one currency… I would additionally recommend that you only invest in coins you are optimistic on their long term sustainability as you will inevitably have an investment that drops in price and you could be holding for a while waiting on it to recover… you could sell at a los and move the funds into another coin that has upward movement though many times I did this the loser I left rebounded in price leaving me questions my decision…
- What about Margin?
- Do It Yourself
- Loan your Coins for Interest
- Margin Funding
- very safe returns loaning your coins to other investors who are betting the price will drop.
- This is icing on the cake if you only do this with coins you are committed to holding long term.
- Lend to a Professional Bot Trader
- Incredible hands free returns… I’m currently averaging 1.4% per day and compounding my interest
- Easy to get started
- Funds are tied up for a set period of time (between 120 – 300 days)
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- My #1 Recommendation for NEW CRYPTO INVESTORS
https://bitconnect.co/?ref=cryptojunkie3 - https://youtu.be/wqzI9NPlUlA
- My #1 Recommendation for NEW CRYPTO INVESTORS
- Margin Funding
Get Educated
Stay informed
- Alt Coin News Sites
- Youtube Channels
- Andreas Antonopolous – https://www.youtube.com/user/aantonop
- Brilliant Minds
- Andreas Antonopolous – Start with this video: http://bit.ly/2sCefxu
- Balaji Srinivasan – @balajis – Here’s a Great Article
- Vinny Lingham – Founder of Civic
- Benedict Evans – Signup for his Newsletter here: http://ben-evans.com/newsletter/
- Peter Theil – CEO of Paypal prior to sale to ebay & the Lead Investor in Facebook (turning his $500,000 investment into 1.6 billion a 3000x return… not bad…)
- Stanford Notes: http://bit.ly/IMXc5m
- Zero to One Book: http://amzn.to/2sC8zn4
FOLLOW THEM ON TWITTER
@crypto_junkies
<a href=”https://twitter.com/crypto_junkies” class=”twitter-follow-button” data-size=”large” data-show-count=”false”>Follow @crypto_junkies</a><script async src=”//platform.twitter.com/widgets.js” charset=”utf-8″></script>
How to Buy Bitcoin or Ethereum
The most user friendly way I’ve found for a beginner to buy Bitcoin, Ethereum or Litecoin is thru Coinbase. Coinbase adds a small fee (currently 3.99% at the time of writing) to cover merchant fees and make a small profit off each transaction… While Coinbase is a GREAT place to start, if you want to make regular purchases and or trades you will want to take the time to create an account with one of the exchanges. Coinbase integrates seamlessly with GDAX since they are mutually owned. GDAX is the largest exchange in the USA and their servers are hosted with Amazon AWS. My experience with Coinbase/GDAX has been great for the most part however there have been a few times during high volatility where even Amazons servers struggled to keep up. Any tech company experiencing the amount of growth is bound to struggle with high traffic. I’ll update my recommendation here if anything changes.
Wallets
ONLINE:
Bitcoin: http://Blockchain.info
Ethereum: http://myetherwallet.com
OFFLINE
Where to Buy
Coinbase / GDAX – Based in USA
(Get $10 in Bitcoin for opening an Account)
CoinMama – (No Longer Open to US Residents)
Allows you to buy Bitcoin (but ONLY Bitcoin) with a credit card.
Where to Trade
GDAX (Coinbase) – https://www.gdax.com
Bittrex – https://bittrex.com/
Poloniex – https://poloniex.com/
Kraken – https://www.kraken.com/
Gemini – https://gemini.com/
Recommended Tools
Coinigy – Market Charts – https://www.coinigy.com/?r=99ae11d6
Shapeshift – Exchange from one currency to another https://shapeshift.io
Cloud Mining Sites
xxxxx Nothing Reputable Worth Mentioning at this Time xxxxx
Auto-Pilot Investment Sites
Bitconnect https://bitconnect.co/?ref=cryptojunkie3
DONATIONS:
If you got value out of this content and would like to make a donation you may do so using the wallet addresses below
Bitcoin: 16L1iBq49vzEFbkmgdXPKSPn8bCu66REAj
Ethereum: 0xe7793DB9Fc74ca40F35448811c03846A8f2236f9
Litecoin: LheSqwBisqQtXfgBDsbQEVHYktQKXHyTFj