How I bought the cryptocurrency and what came of it

I want to tell you how I bought different coins a year ago and what came of it.

You will also find out where and what cryptocurrency you can buy, where to store, when to sell.

What are the opportunities to make money in the crypt

Trading or trading cryptocurrencies on exchanges.
This option does not suit me. Here we need specific skills and knowledge that have been honed for years.
Still, there are very few successful traders.

Mining

Mining, who does not know, is the support of the functioning of the blockchain network, by complex calculations performed on a powerful computer hardware.

This method also did not suit me.

It is necessary to immediately invest a lot of money, usually more than 100 thousand rubles, in the purchase of equipment.

Due to the instability of exchange rates, big questions arise regarding the return on equipment
You need a room to house equipment that makes noise and generates a lot of heat.

Investments

I chose this easiest way to make money. We invest a certain amount and forget about it for several months.
The most important rule! Determine the amount you can safely lose, that's it and invest.
No need to take loans, sell apartments and cars to invest in the crypt.
You have 5 thousand rubles. - great, if you're lucky it will be 15 thousand rubles, is it bad?

How to choose a coin to invest?

There are usually advised to examine all the documents of the project. Pay attention to the development team, read the whitepaper.

Yes, perhaps this is what needs to be done, and perhaps even on the basis of this data, you choose something worthwhile. But for my ridiculous amount, I decided not to bother, all the more so to draw any conclusions you should be aware of all the cryptonities and technologies.

I chose coins from the first 20 by capitalization.

You can see the top coins on the site coinmarketcap.com

When I started, Bitcoin cost $ 4500, it was hard for me to believe that it will grow more than 3 times, so I looked at the coins that are not expensive and can increase their value several times.

I chose the Waves. Coin of the Russian developer. They have a cool app for Chrome, which already has a stock exchange and a wallet for several cryptocurrencies.

Then I bought a little Ethereum and EOS, and then Bitcoin.

If I were making investments now, I would have made such a portfolio.
Percent 30 - Bitcoin. I don’t really believe in him, but he is constantly advertised on TV, plus he has hard forks (blockchain branches with the creation of a new currency), for which you get new coins for free.
60 percent are promising currencies with a low price.

The remaining 10% would spend on ICO projects. ICO this collection of funds for new cryptoproety, where you can buy coins at a discount.

The crypto bubble inflates rapidly and if you look at the first 20-30 coins, you will see that all of them have risen in price over the past 2 months.

Where to store cryptocurrency?

All cryptocurrencies have their own wallets for storing coins.

You only need to download the wallet from the official site.

There are wallets that store the entire blockchain on your computer. They take up a lot of space. For example, a Bitcoin blockchain occupies 150 GB and it is constantly growing.
To use such a wallet is meaningful for large amounts.

There are wallets that download only the necessary information to the computer. Most use them.
There are also multiple currency wallets for different cryptocurrencies and wallets on exchanges. I do not recommend using them. As with the failure of the equipment or a hacker attack, there is a chance to lose all your money.
Since each currency has its own wallet, you will have to find the installation instructions yourself.

Where to buy cryptocurrency?

There are several options.

Exchangers

Popular currencies can be bought through exchangers.

Choose the most profitable exchanger will help all known site Bestchange

Cheat exchangers about 7-10%. This is a lot, but quickly.

Given that the rate of cryptocurrency per day can jump by 20% in different directions, this percentage does not seem to be predatory.

The main part of the cryptocurrency, I bought through exchangers.
Even if your currency is not in the lists, you can buy Ethereum, and then start it on the exchange and exchange it for the coins you need.

Cryptocurrency exchange

I registered on many exchanges, compared how much they take a deposit commission, in the end I can advise you on yobit.net

The commission for entering rubles through Qiwi is constantly changing. Just wait for when it will be 3-4% and get rubles through Qiwi.

At one time you can start 14999 rubles.

If you have large volumes, you can create a wallet in advcash.com

And make a deposit with a card with a commission of 3% or through a SWIFT transfer (write that without a commission, but your bank will most likely take a commission of $ 30). If your bank is Russian Standard, then the commission is 0.95%

Then you can replenish Yobit without a commission, but also need to wait for the right moment.
We are not traders, we have no hurry, so you can wait.

If you have Webmoney, then Bitcoin can be bought from them on the site. Create a WMX Wallet and change WMZ or MMR to WMX.

They also have the indx.ru exchange, where Ether and Bitcoin are traded.
There are several options for replenishing and buying a crypt, but I have not tried them yet.
They are associated with the purchase through intermediaries, which I do not really trust.

Localbitcoin

On the site localbitcoins.com you can buy only Bitcoin. You choose the seller and the conditions of purchase that suit you and make out the deal.

But you should take into account that you will not find a normal course and you will have to create a purchase request yourself, and if someone likes it, you will be sold bitcoins.

How much to keep and when to sell?

My profit for 2 months is $ 2274. This profit was provided by new members who believe in the cryptomere and buy coins by increasing the rate.

I regard this whole market as a bubble that will surely burst. Who guesses when, remains in the black, all the others in the big minus.

Why do I think this is a financial bubble? Bitcoin was created as a fast, cheap transaction tool.
Now the transfer in the Bitcoin network can take hours, and the commission can be $ 50.

Bitcoin has become just a speculative tool, which people earn with big money.
When the bubble bursts, Bitcoin will pull all altcoins along with it and their price will tend to zero.
But the blockchain technology will remain and over time, new, fast cryptocurrencies will begin to grow.
That is why you need to decide on the strategy of their behavior in advance.

If my deposit will increase by 3 times, I will leave one third, and the rest will withdraw in Fiat.

Although psychologically this is very difficult to do, because you see how your deposit doubles and if you reduce it, you will earn less and you want to invest the opposite with the hope of growth.
Be careful, greed is a bad adviser.

Write in the comments about your investment experience and what you think about the future of a cryptomere.