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).
join the passive income family
drown in the details - get the free fundamentals of passive income and
early retirement and make your first $100 online.
Join the passive income family & newsletter below and get a bonus "Boring Blueprint To Passive Income & Early Retirement"
Learn how I started with less than $100 in my bank account from
...turned my life and money around and by 2014
...paid up my $390,000
flat in full in less than 5 years
...starting making USD 40+ online per month
...invested in dividend stocks for passive dividend income for
recurring cashflow...for life!
will also get subscriber-only Passive Income Tips, Starting &
Growing Online Businesses Updates, Special Offers/Discounts and More - see you on the inside!
No spam ever - your email is never shared and you can unsubscribe anytime with one click.
Enjoyed this article? Share it with your friends by clicking one of the buttons:
Even better - share your thoughts and comments below:
SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45
SGD 2,000,000 in cryptocurrency
Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40
Publish at least one book by 40 years old
Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month
Ongoing: spend more quality time with children, wife, family, bible, God.
Note/Disclaimer: My writings and works are NOT financial advice.
Link To Us! - If you've enjoyed any of the articles here, I'll really appreciate your help if you could link to the specific post/article/homepage from your website, blog, LinkedIn or social media accounts such as
FaceBook, Twitter, Instagram etc - this will help us to grow and serve you better - thank you! =)