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Showing posts from July, 2020

How I Got Started Investing In Cryptocurrency

Hi Friends, welcome back! I have been interested in crypto since the market boom in 2017. However, the barrier to entry was always just beyond my reach.  In the beginning I only knew about one coin, Bitcoin. It is the coin that everyone knew about because the Winklevoss twins were heavy backers and it has received pretty much all the media coverage.The problem with investing in Bitcoin is that it was and still is very expensive.  For those of you that aren’t aware there are two ways to acquire Bitcoin. The first is by purchasing the coin on an exchange, at this time 1 coin costs about $9,200 USD, and the second way is through a process called mining. Mining Bitcoin involves purchasing very powerful computer equipment, connecting it to the network and helping keep the a ledger and verifying transactions made on the network for which you are awarded in coins. Both options require a great deal of capital and aren’t really good options for young or inexperienced investors. Today, there are