First let me thank you for taking an interest in my alternative investments. Besides taking photos and traveling for a living I also believe that having multiple streams of income is the only way to have financial freedom. I am currently invested in the stock market, cryptocurrency, & networking marketing. I have been doing my due diligence and research and now I feel comfortable giving my recommendations to you. Like any investment it carries risks, but this is one of my favorite words! Without it we would not call ourselves entrepreneurs! So here we go! “The bigger the Risk, the bigger the reward”
What is Cryptocurrency?
Cryptocurrency a is digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. The driving force behind the cryptocurrency is blockchain technology. The first blockchain was conceptualized in 2008 by a person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin where it serves as the public ledger for all transactions. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
Start here!!
Get your free crypto wallet here https://goo.gl/6CKEh7 on Coinbase and earn free $10.
You Should also make an Robinhood account here https://goo.gl/7TmYeg, where you can buy and sell stock and cryptocurrency, When you do we will both receive 1 free stock to start with!
It's a free digital wallet that stores your digital currency. You can only deposit up to $5000 the first time and it takes a week to go through, after this initial purchase you can buy more bitcoins and then exchange them for other coins like Ethereum and LTC.
Hold your Bitcoin as this is the main currency, and is the major store of value for all cryptocurrencies. I believe this will get to 100k by the end of 2018 and Ethereum will get to 10k.
There are lots of coins out there, they are called “altcoins” almost 1400 to be exact, all developed by different companies to solve different problems so make sure to do your research on them because a lot eventually their value could increase as high as bitcoin, then buy them on Binance https://goo.gl/rUJcrP. These coins are extremely cheap compared to that of bitcoin so there is a lot of potential for massive profits here!
There are 3 ways to make money in Cryptocurrency!
1. Invest money into Bitcoin, Ethereum, Litecoin or many of the top 100 currencies, and hold them for long term value increses.
2. Day trade and swing trade alternative coins on exchanges, which are highly volatile so you can make quick profits but you have to be on top of your computer all day, every day.
3. Invest in ICO’s. These are emerging companies built on the new layer of the internet also known as the blockchain. An ICO is an initial coin offering, similar to IPO. The blockchain will fuel the way for new companies in every niche to decentralize the way date is stored, making it immutable which means not hackable over time. This carries many risks as well, and before you invest in an ICO, please consult with me first.
What are Altcoins?
"An altcoin is any digital cryptocurrency similar to Bitcoin. The term altcoin stand for alternative to Bitcoin and is used describe any cryptocurrency that is not a Bitcoin."
It’s a good idea to diversify into many different altcoins, I am invested in all the ones below!
Stellar, Dash, Monero, Litecoin, Ripple, Verge, EOS, Ethereum, Salt, Funfair, Bat, Salt, Cardona, Power ledger, Tron, RDN, Bitcoin Cash, & more..
Again in order to buy cryptocurrencies please use these trusted exchanges here.
Coinbase- https://goo.gl/6CKEh7
Binance- https://goo.gl/rUJcrP
Robinhood- https://goo.gl/7TmYeg
Safety Tips!!
*Do not store your crypto in an online wallet, download exodus and transfer all your holdings to it. This will stay on your computer/laptop, so be careful with it. It has security back ups as well. This only holds a certain amount of altcoins, but the UIX is amazing. Its best to have 2 computers, one with your wallet and keep it off line, only go on to trade.
**The best way to start the majority of your holdings is with a cold wallet like the Trezor or Ledger.
***Always do your own research before you buy or sell your coins.
****A desktop wallet can be hacked, if someone does a sim hack on you. This is when a hacker calls up your phone carrier and switches your phone number to his phone. They can now get into your instagram account, email account and reset any passwords even on your desktop exodus wallet.
Happy Investing and please let me know if you have any questions!
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