Like most people i heard about bitcoin in passing. then i started to hear more and more about it. Finally, a friend of mine told me about how much they profited off buying and selling just one coin. It was a one time investment for them. so, i decided to try it. i funded my account with $100 and started to trade. Pretty soon i picked up on a few things. I made a few adjustments, and a month later i had enough money to go on a little vacation. I trade everyday using the method that i lay out in the guide. It takes the place of a part-time job.
What's a cryptocurrency?
I really don't know, I mean, i know a little about it. to me it's not necessary to know exactly what it is. It's just something i buy and sell based on the value it has, not what it is. Knowing the particulars isn't really relevant to me.
How difficult is it for someone who has never traded before to get started?
with technology, trading is easy. It's not the 90's where you would have to get a broker, and find a firm. Everything can be set up online usually in a matter of minutes. When i started i had never traded before either.
What do you tell people who may be afraid of getting into trading?
there's nothing to fear. Trading isn't a complicated thing. i think most people understand the concept of buy low sell high in order to make a profit. With this guide we teach you what to look for when buying, why you're looking for it, etc. it gives you a strategy. A strategy that can be used over and over.
how do you buy and sell the coins?
You have to get on an exchange. I use coinbase. I recommend checking them out. It's easy. It's similar to setting up a paypal account. You sign up with an exchange, you link a bank account. Once its linked you fund your account with whatever amount you want to use. You buy and sell with a few clicks.
what's the biggest mistake people make when dealing with cryptocurrencies?
Probably when people try to treat crypto like a traditional stock. The 401k Mentality. That set it and forget it and hope for the best crowd. Cryptos have to be watched. There's a good story in the guide about a friend of mine who was so close to being a millionaire.
How do you know what coins to buy and when to sell?
I cover that in the guide. But i use strategy indicators for when to buy. And i follow a strict set of easy to follow rules for when to sell. That's all laid out in the guide.
What do you tell people who are afraid they will lose their money?
In any investment there's always a potential for loss. That's just the way it is. Never invest more than you can afford to lose. for me it was $100. that was an amount i was comfortable with. but if you follow the guide, risk is minimized. Pay attention to the guide.