The easy guide for starting the cryptocurrency investment

Before starting, I advice you to define very well your strategy, meaning to write down the answer to these four questions: how much are you willing to invest, for how long time, what is the profit that you want to make and what is the loss you are ready to afford.

Here is the list of FAQ:

1. When to buy?
   When you have money to risk and you are ready to understand that the chance to earn is equal to the chance to lose.
   A basic strategy is to buy on the same day when you have the availability in your bank account. (for example, the day when you receive the salary)

2. What is the best price to buy for a specific cryptocurrency?
   Nobody can tell you this. A basic rule is to buy when all the others sell.

3. What crypto to buy?
   Look for cryptocurrencies with high transactions volume in the last 24 hours. You can find and filter this list on www.coinmarketcap.com . After that look at how many exchanges (markets), they are listed. Select those that are listed on at least 10 big exchanges. After that look

4. How much money to spend?
   As many as you afford to lose. You can start with a few hundred and you can increase when you feel more confident.
   A good strategy is to use up to 5% of your monthly income and to invest each month, on the same day that you receive the payment.

5. How much to buy from each crypto?
   A basic strategy is to set in your mind how many different types of crypto you want to handle and store, let's say for example 10. Split your total budget in 10 and buy the 10 different cryptos in equal values. After a while, you will see some lose for few cryptos, but also some earnings for other cryptos, overall I hope you will be on plus :)

6. Where to store them?
   Depending on your budget, I suggest using a hardware wallet (like Ledger Nano S or Trezor) for values bigger than 1000 Euro and a software wallet (like Jaxx) for values smaller than 1000 euro

7. From where to buy?
   1st option: buy bitcoin from www.localbitcoins.com, transfer them to your wallet and use shapeshift.io to convert them in any other crypto.
   2nd option: create an account on a few exchanges (like Binance, Kraken, Poloniex, etc), sent your fiat to them, convert the fiat to any crypto you want, and withdrawal the crypto to your own wallet.

8. What's next?
   Keep your wallet safe, don't check the value of your portfolio each hour, and sell them when you want (using the same way described on point 7)

Feel free to comment and to provide any feedback :)