The first time I went onto cryptocurrency, I had it easier because my best friend, Hendri Kamarudin, helped me order and kept for me. Gradually, I wanted to do it myself because I didn't want to impose on him, so I started reading to pick it up.
My - it was bloody confusing.
highly fragmented system: send my physical money (fiat) to a dedicated exchange that specializes in fiat-to-Bitcoin/ETH, and then wire the Bitcoin/ETH to other exchanges to buy other ALTCoins
storage of Bitcoins, Ethereum and ALTCoins
don't get me started on Initial Coin/Token Offerings, which is equivalent to IPOs and crowdfunding
And a lot more.
There was a lot more monitoring than I though, listening to the crowds, reading reddits and blogs. There was also lots of discussions.
100% agree that it's confusing
I also invest in dividend stocks, and it's so easy. For dividend stocks its so easy.
When dividends are issued, it goes straight into my bank account, like magic
The reason i still will invest some % of my cash holding to bitcoin
Despite cryptocurrency being very fragmented and confusing, I still recommend that you (if you can), invest up to 10% of your cash holding to Bitcoin (since 26th October 2017, I sold off all my ALTCoins to hold just Bitcoins for the long run - less management, less monitoring etc and read my three reasons why Bitcoin is going to boom in 2018 and beyond)
The reason for this is because Bitcoin cannot be ignored any further.
Bottomline is this: Bitcoin is here to stay, institutions are coming in, government may even approve a Bitcoin ETF etc. When that happens, it's going to be mainstream in the "physical world" (right now, it's mainstream in the digital world).
Hello, I'm Nigel - husband, father, Christian, entrepreneur, dividend stock investor - I enjoy entrepreneurship, passive income, reading and spending time with family. Read more about me here or start here.
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