Bitcoin: The Future of Money
Throughout the community I have saw a lot of people who are very interested in Bitcoin/Altcoins but are still unsure as to how it works, and want to learn more before they invest.
If anyone is interested in learning the ins and out of bitcoin, altcoins, and building their knowledge on the foundation of all crypto currencies, I HIGHLY recommend this book by Dominic Frisby! It's a great breakdown of the world of cryptos and where their value truly lies! This book was actually a random birthday present form @lewisglasgow and it was detrimental to my knowledge of cryptocurrencies. I want to put it out to as many people as possible. This is a MUST READ!
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I'm holding all of the top 50 coins, by market cap. Just started investing $100/week, split evenly (so $2/coin to each in the top 50 that week).
I ran the numbers, and if I (or anyone) had been doing this since the start of June last year, you would have put in $5,500, and your holdings would be worth $58,124.
I don't think anyone can pick a winner, consistently. So, I figure if they've made it into the top 50 by market cap, they've done SOMETHING right. Good tech, good team, good hype, dumb luck - any could lead to success.
So invest in all of them. Some will tank, but the crypto market, in general, is exploding. This is my poor-man's index fund.
@jaimeguti I'm currently holding almost 600k Sia coin- I believe you must look at the coins with the biggest background project and take them from there. For me, paired with potential returns, Sia is the way to go!
More power to ya! I'm looking into NVo ico, that looks very promising.
@jaimeguti Can't say I have looked into NVo- what's their plan for their blockchain? :)
what do you think the end of the year price will be for sia? i just got around 3000 coins
@tatedewey I expect price to increase by at least another 50% between now and the end of the year- great that you got in! I really believe that all crypto positions should be held for the next 1-3 years AT LEAST! Buy as many as you can, hold them for as long as possible, and you will see a nice return! :)
This book has been the most influential variable on how I came to understand cryptocurrencies and what I look for fundamentally in the in the markets.
Anyone wanting to even begin to bring Bitcoin up in conversation needs to read this book.
YOU were actually the one who recommended it to me. Thank you...
@chrisschulttheis Glad you enjoyed it mate, hopefully this post reaches others who'll be able to take advantage of it as well! It's all about dem Rai Stones :)
Thanks for sharing!! I want to get ahold of that great book !
Starting reading it on digital, but im trying to find it printed.
Thanks for the recommendation !
@dontstopmenow Find it here: https://www.amazon.co.uk/dp/B00VSVBIXS/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Worth every penny bro! I want as many people as possible to read this book!
It’s ture