"How I started investing in Cryptocurrencies"
Saving money on an Uber ride is great but it's not life changing. Or at least it's not going to make my bank account or wallet look buff.
I had money saved in savings accounts which I was regularly on the lookout for the best interests deals around for my money. I've been with 9 different banks so far currently with ING Direct as you can see if you scroll down below as they offer the best interests deals so far.
But honestly, each financial years at tax time, I wonder why do I even bother writing such little gain from my savings accounts.
I started to invest some of my Super in shares as it has an option to do this to try and buff it up. Then did some research and invested some of my savings in shares as well, nothing big but I wanted to have a feel at it. Overall it is going alright so far, nothing huge and nothing exciting and a bit of luck with my picks. So I am up, but it's slowwww....
But then..... I stumbled upon CryptoCurrencies... oh boy...
You remember the start of the internet? Internet 1.0 Then you remember the start of social medias? Internet 2.0 Well this the start of digital currencies. Aka Internet 3.0 .
With Bitcoin leading the march since 2009, which if you invested in $100 at the time, you would be a multi-millionaire today. It's nuts!
Other coins are now emerging, i mean lots of coins. With some research you must find the ones you believe would work in the future and you could invest in those what you can afford to loose (just in case).
Personally, I've invested in a few of the major coins that have been around for a little bit to start with such as Bitcoin, Ethereum, Litecoin, Ripple... this was to get the hang of it. Then as I browsed through stuff, I've came across ICO's. (Initial Coin Offering). It's pretty much like a crowd fund (kickstarter, indiegogo...). I have found one that was Australian based, in the energy sector, with an exciting concept so I've invested in it. But to do that I had to learn how to open a digital wallet, how to get onto an exchange (coinspot as below), purchase some Ethereum, transfer them to a separate digital wallet then to the ICO. And I am glad I did. As per today, my ROI is over 900%. Look it up, it's called Power Ledger ( POWR ). It has now stabilised a bit but I was impressed of my winnings.
Be assured not all my investments are that good but I haven't lost any money so far. Mostly everything I picked is going up at their own pace. I only buy/hold but you can also play a bit more and day-trade (buying and selling).
I believe crytocurrencies are the way to the future in regards to transactions as the banks currently steal from us every time they put their fees on them and people are fed up with it so they will switch to new methods of payments such as these and it seems it's better to be on the train from the start to get the best seats.
Also when sending money overseas it usually takes days and cost a fair bit. With crypto, if both sender and receiver hold a cryptocurrency wallet, you can send each other cryptos and cash if off your end in minutes at very low cost.
I had money saved in savings accounts which I was regularly on the lookout for the best interests deals around for my money. I've been with 9 different banks so far currently with ING Direct as you can see if you scroll down below as they offer the best interests deals so far.
But honestly, each financial years at tax time, I wonder why do I even bother writing such little gain from my savings accounts.
I started to invest some of my Super in shares as it has an option to do this to try and buff it up. Then did some research and invested some of my savings in shares as well, nothing big but I wanted to have a feel at it. Overall it is going alright so far, nothing huge and nothing exciting and a bit of luck with my picks. So I am up, but it's slowwww....
But then..... I stumbled upon CryptoCurrencies... oh boy...
You remember the start of the internet? Internet 1.0 Then you remember the start of social medias? Internet 2.0 Well this the start of digital currencies. Aka Internet 3.0 .
With Bitcoin leading the march since 2009, which if you invested in $100 at the time, you would be a multi-millionaire today. It's nuts!
Other coins are now emerging, i mean lots of coins. With some research you must find the ones you believe would work in the future and you could invest in those what you can afford to loose (just in case).
Personally, I've invested in a few of the major coins that have been around for a little bit to start with such as Bitcoin, Ethereum, Litecoin, Ripple... this was to get the hang of it. Then as I browsed through stuff, I've came across ICO's. (Initial Coin Offering). It's pretty much like a crowd fund (kickstarter, indiegogo...). I have found one that was Australian based, in the energy sector, with an exciting concept so I've invested in it. But to do that I had to learn how to open a digital wallet, how to get onto an exchange (coinspot as below), purchase some Ethereum, transfer them to a separate digital wallet then to the ICO. And I am glad I did. As per today, my ROI is over 900%. Look it up, it's called Power Ledger ( POWR ). It has now stabilised a bit but I was impressed of my winnings.
Be assured not all my investments are that good but I haven't lost any money so far. Mostly everything I picked is going up at their own pace. I only buy/hold but you can also play a bit more and day-trade (buying and selling).
I believe crytocurrencies are the way to the future in regards to transactions as the banks currently steal from us every time they put their fees on them and people are fed up with it so they will switch to new methods of payments such as these and it seems it's better to be on the train from the start to get the best seats.
Also when sending money overseas it usually takes days and cost a fair bit. With crypto, if both sender and receiver hold a cryptocurrency wallet, you can send each other cryptos and cash if off your end in minutes at very low cost.
"Below are my cryptocurrency tips to start investing in cryptocurrency"
Here you've heard of Cryptocurrency, Bitcoin and other coins or tokens. Do you want to invest in them?
You will need to join an Exchange/Broker.
To get started in Australia, I recommend CoinSpot. Its an Australian based company. Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange meaning they hold a large range of coins which is good as this makes it simple to buy different coins.
They are very simple to use and have a great range of coins to invest in, fees are straight forward and prices are shown in AU$. Don't be scared of the ID verification process, from what I understand, for them to be legitimate, they need to ask for those things. The way I would recommend to start of, is to invest what you can in the top 3 or top 5 coins listed on Coinspot. Then as you gain confidence and done your research move it around or invest more if you can. I personally have invested in the top 10 coins and I am holding onto them as I believe 2018 will bring even more profits.
So if you look at Bitcoin for example, you might think to yourself ; "I can't afford a whole Bitcoin!" Good news, you don't have to buy a whole Bitcoin, you can buy AU$100 worth for example. Same applies to all coins.
Click on image to be redirected to CoinSpot
You will need to join an Exchange/Broker.
To get started in Australia, I recommend CoinSpot. Its an Australian based company. Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange meaning they hold a large range of coins which is good as this makes it simple to buy different coins.
They are very simple to use and have a great range of coins to invest in, fees are straight forward and prices are shown in AU$. Don't be scared of the ID verification process, from what I understand, for them to be legitimate, they need to ask for those things. The way I would recommend to start of, is to invest what you can in the top 3 or top 5 coins listed on Coinspot. Then as you gain confidence and done your research move it around or invest more if you can. I personally have invested in the top 10 coins and I am holding onto them as I believe 2018 will bring even more profits.
So if you look at Bitcoin for example, you might think to yourself ; "I can't afford a whole Bitcoin!" Good news, you don't have to buy a whole Bitcoin, you can buy AU$100 worth for example. Same applies to all coins.
Click on image to be redirected to CoinSpot
That moment you realise that your AU$1000 investment turned into AU$10,000 in 2 months time: Happy Days
Update April 2018:
So I haven't followed much what happened since January as I believe crypto to be a long term investment.
As you might have seen the crypto market has gone down hill like crazy, as crazy as it went up. I am still a huge believer in the technology, so ill be keeping my investment as is for now as a long term holding. Remember, invest what you can afford to loose.
But i don't want to withdraw while I am still up only to regret it in a few years time when blockchain becomes mainstream technology.
My non-professional advice for now would be to invest in crypto what you can afford to loose if may be, as the price is very low compared to what it can become.
All the best in your investment decisions.
So I haven't followed much what happened since January as I believe crypto to be a long term investment.
As you might have seen the crypto market has gone down hill like crazy, as crazy as it went up. I am still a huge believer in the technology, so ill be keeping my investment as is for now as a long term holding. Remember, invest what you can afford to loose.
But i don't want to withdraw while I am still up only to regret it in a few years time when blockchain becomes mainstream technology.
My non-professional advice for now would be to invest in crypto what you can afford to loose if may be, as the price is very low compared to what it can become.
All the best in your investment decisions.
Disclaimer: The information provided is NOT an investment strategy & the facilitators are NOT giving financial advice. All persons take responsibility for their own financial decisions & agree that this is a volatile & emerging market. There can be no assurance that any prior success or results shown, can be used as a guaranteed indication of future performance. As with any business endeavour, you personally assume all risk involved.
" Below is my selection of good deals to be part of... to save money "
Current offer: First free Uber ride (value amounts vary by location) April 2018
CashRewards referral link:
Have you heard of Cashrewards? Since I discovered them, I've been earning cashback on all my online purchases. It’s so easy to use - simply log in to Cashrewards, search for the store you’re looking for and click ‘Go to Store’. Then shop online as normal and wait for your cashback to arrive! (Honestly the Cashrewards plugin is regularly appearing so lots of good discounts to be made with it)
There are over 1,000 stores including ASOS, The Iconic, Dan Murphy’s, Woolworths, eBay, Expedia, Bonds and so many more! Shop for clothes, books, alcohol, groceries, shoes, gifts and more. You also have access to exclusive savings, coupons, offers and discounted eGift cards.
When you sign up here, you’ll get a $5 bonus into your Cashrewards account, and because I referred you, so will I!
http://fbuy.me/gz--X
Have you heard of Cashrewards? Since I discovered them, I've been earning cashback on all my online purchases. It’s so easy to use - simply log in to Cashrewards, search for the store you’re looking for and click ‘Go to Store’. Then shop online as normal and wait for your cashback to arrive! (Honestly the Cashrewards plugin is regularly appearing so lots of good discounts to be made with it)
There are over 1,000 stores including ASOS, The Iconic, Dan Murphy’s, Woolworths, eBay, Expedia, Bonds and so many more! Shop for clothes, books, alcohol, groceries, shoes, gifts and more. You also have access to exclusive savings, coupons, offers and discounted eGift cards.
When you sign up here, you’ll get a $5 bonus into your Cashrewards account, and because I referred you, so will I!
http://fbuy.me/gz--X
"More good deals to come as I am always on the lookout." ;)
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