Resources
Join to Community
Do you want to contribute by writing guest posts on this blog?
Please contact us and send us a resume of previous articles that you have written.
The Ultimate Beginner's Guide to Trading & Investing in Bitcoin, Alt Coins & ICOs
![Jese Leos](https://epilogueepic.com/author/martin-cox.jpg)
Are you intrigued by the recent buzz surrounding cryptocurrencies like Bitcoin, or alt coins such as Ethereum and Litecoin? Do you want to understand how you can participate in this exciting market? Look no further! This comprehensive beginner's guide will equip you with all the knowledge you need to start your journey into trading and investing in Bitcoin, alt coins, and ICOs.
What are Bitcoin, Alt Coins, and ICOs?
Before we dive into the intricacies of trading and investing, let's first understand the basics:
Bitcoin:
Bitcoin was the first decentralized cryptocurrency, created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that enables secure and transparent transactions.
4.3 out of 5
Language | : | English |
File size | : | 5721 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
X-Ray | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 410 pages |
Lending | : | Enabled |
Alt Coins:
Alt coins, or alternative coins, refer to any cryptocurrency other than Bitcoin. Examples include Ethereum, Ripple, Litecoin, and many more. Each alt coin aims to offer unique features and improvements over Bitcoin.
ICOs:
Initial Coin Offerings (ICOs) are the cryptocurrency world's version of Initial Public Offerings (IPOs). They allow startups to raise funds by issuing their own tokens or coins, often in exchange for established cryptocurrencies like Bitcoin or Ethereum.
Getting Started with Trading and Investing
Now that we have a basic understanding of the terms, let's explore the steps involved in trading and investing in Bitcoin, alt coins, and ICOs.
1. Educate Yourself:
Knowledge is the key to success in this dynamic industry. Read books, articles, and watch videos to understand the fundamentals of cryptocurrencies, blockchain technology, and investment strategies.
2. Choose a Reliable Exchange:
To buy, sell, and trade cryptocurrencies, you'll need to register with a reputable exchange. Look for platforms with high security standards, a user-friendly interface, and a wide selection of coins.
3. Secure Your Investments:
Protecting your digital assets is crucial. Set up a secure wallet, either hardware or software-based, to store your cryptocurrencies safely.
4. Analyze Market Trends:
Before making any investment decisions, conduct thorough research and analyze market trends. Study charts, track news updates, and follow influential figures in the cryptocurrency community.
5. Develop a Trading Strategy:
Trading cryptocurrency involves carefully planning your moves. Determine your risk tolerance, set goals, and develop a trading strategy that aligns with your objectives.
Understanding Risks and Rewards
As with any investment, trading and investing in cryptocurrencies come with their own set of risks:
1. Volatility:
Cryptocurrency markets are highly volatile, with prices fluctuating rapidly. This volatility can result in significant profits or losses. It's essential to be prepared for price swings.
2. Security:
The decentralized and digital nature of cryptocurrencies makes them vulnerable to hacking and scams. Stay vigilant and employ necessary security measures to protect your investments.
3. Regulatory Changes:
Government regulations surrounding cryptocurrencies can impact their value. Stay informed about regulatory changes and understand how they may influence your investments.
Additional Resources and Tips
To further enhance your trading and investing journey, here are some additional resources and tips:
- Join online communities and forums to connect with fellow traders and gain insights.
- Practice with virtual trading simulations to refine your skills without risking real money.
- Stay updated on industry news and follow experts on social media platforms.
- Keep emotions in check and avoid making impulsive decisions based on short-term market fluctuations.
- Start small, invest only what you can afford to lose, and gradually increase your exposure as you gain experience.
Trading and investing in Bitcoin, alt coins, and ICOs can be an exhilarating and potentially profitable venture. However, it requires continuous learning, adaptability, and careful decision-making. By following this beginner's guide and implementing the tips provided, you'll be well on your way to navigating the exciting world of cryptocurrency trading and investment.
4.3 out of 5
Language | : | English |
File size | : | 5721 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
X-Ray | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 410 pages |
Lending | : | Enabled |
2nd Edition - Updated as of 15th June 2018. The 2nd edition of “Cryptocurrency Trading & Investing for Beginners” has been revised and thoroughly updated to reflect the latest cryptocurrency market changes. Including a new in-depth process for 'researching profitable coins, tokens, and ICO investing' and an entirely new chapter on ICO investing, airdrops, cryptocurrency taxes and more!
If you’re new to Bitcoin, the blockchain, have zero technical knowledge and trading experience in cryptocurrencies - then this book is for you. It's the beginner's guide to buying, trading and investing in Bitcoin, Ethereum, altcoins and Initial Coin Offering (ICOs) for PROFIT and in plain English.
Having been an ex-investment advisor at UBS, combined with 7 years experience in equities trading, portfolio management and now cryptocurrency trading - this book breaks down highly technical information in Bitcoin, blockchain and cryptocurrency investing in an easy to understand, logical and step-by-step manner.
Here's exactly what you’re going to learn in this book:
✅ What cryptocurrencies are, what is the blockchain and how it works in plain English!
✅ The different types of Bitcoin and altcoin wallets and what my top picks for security are.
✅ How to set up a variety of wallets and video tutorials from the crypto community.
✅ The types of coins and tokens on the market and how they differ.
✅ How to buy your first Bitcoin or Ethereum easily online.
✅ Step-by-step tutorials on how to buy Bitcoin on exchanges like Coinbase, Bitstamp andLocalBitcoin with screenshots.
✅The foundations of trading cryptocurrencies and technical jargon that every new trader must know.
✅Step-by-step tutorials on how to trade altcoins on Bittrex, Binance and Poloniex like a pro with screenshots to guide you.
✅How to margin trade and short cryptocurrencies on Poloniex with screenshots to guide you.
✅A simple crypto trading plan that you can utilize to profit from market swings and even day trading.
✅An easy and simplified approach to building a diversified cryptocurrency portfolio for profit and long-term growth.
✅Step-by-step process to research profitable coins and tokens properly before you invest any money.
✅How to invest in profitable ICOs and step-by-step instructions on how to participate in an ICO using a MetaMask Ether wallet.
✅How to read price charts using technical analysis and trade the cryptocurrency market and more!
FREE Printable Companion Workbook
You’ll want to get your hands on my NEW “Researching profitable coins and tokens checklist” and “ICO investing checklist”. These workbooks go into more detail and gives exact, step-by-step plans to follow. Learn how to get access to them when you buy the book.
Click on the buy button now and get CRYPTOCURRENCY TRADING & INVESTING - The Beginner’s guide in learning Bitcoin, Blockchain, Wallets, Crypto Exchanges, Simple Crypto Trading Plans, Building a Growth Portfolio In Cryptocurrencies & Reading Crypto Charts Using Technical Analysis now!
✊✊✊✊✊
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
The Autobiography Of Writer - A Journey into Words
The Autobiography of Writer is...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Our Favorite Day Of The Year: A Celebration of Joy and...
There is a day each year that...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
The BFG Roald Dahl - A Magnificent Tale of Dreams and...
Long descriptive keyword for alt...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Unleash the Magic of Christmas with Our Crazy Activity...
Christmas is a time filled with joy,...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Highly Original Look Back And Forward
As we venture into a new year, it's...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Theodore Easter Theodore Holiday Adventures
Are you ready for an egg-citing and...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
The Ultimate Beginner's Guide to Trading & Investing...
Are you intrigued by the...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Into What Splendor Jack Dublin Unveils: An Epic Journey...
Are you ready to embark on a thrilling quest...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
My Life as a Foreigner in the 1950s
The Adventure of a Lifetime ...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
Leadership Principles For Creating Legendary Customer...
As businesses continue to evolve in a...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
The Amazing Story of The Girl Emperor of China: A...
China's ancient history is filled with...
![Martin Cox profile picture](https://epilogueepic.com/author/martin-cox.jpg)
The Wackiest Joke That'll Knock Knock You Over
Who doesn't love a good knock-knock...
Sidebar
Light bulb Advertise smarter! Our strategic ad space ensures maximum exposure. Reserve your spot today!
Resources
![Aleksandr Pushkin profile picture](https://epilogueepic.com/author/aleksandr-pushkin.jpg)
Top Community
-
Hannah ReedFollow · 9.2k
-
Ayobami AdebayoFollow · 18.2k
-
Claire RussellFollow · 13.6k
-
Amelia FosterFollow · 18.3k
-
Kylie TurnerFollow · 13.1k
-
Sean TurnerFollow · 10.9k
-
Vivian HughesFollow · 2.5k
-
Ariel LongFollow · 11k