Investing in Cryptocurrencies

Those people working and living in Japan, often wonder what to do with their money long term.  Here is one man`s story.    Jonathan Bain:

I starting investing in Crypt in May 2017 after a good friend told me about a fascinating new technology. The underlying concept of P2P transactions & blockchain technology is revolutionary & similar to the launch of the internet. My first purchase was 1 BTC at a price of $2,400 which was a scary moment. Since then I have expanded into several other Crypto currencies including ICOs taking a longterm HODL position.

thumbnail_VTCComparison

I would personally recommend Vertcoin (VTC) aka the people’s coin. It’s the true implementation of Satoshi’s vision & key point is that it is ASIC mining resistant so cannot be controlled by the big mining companies. This means the average Joe Bloggs on the street can mine it. Something of which I have been doing successfully for several months. It has similar qualities to LiteCoin & people are expecting big things from it in 2018 so get some now!

Another good project to check out is the pillar wallet. They are a community led NPO striving to create the utimate Crypto wallet. They have a massive development base & the project is going places in 2018 when they will launch their first wallet.

Coin Marketcap

Some advice for people:-

1. Don’t play with more than 1% that you can afford to loose
2. Take out your initial investment & profits on a regular basis
3. Crypto is like the wild wild west so buyer beware – Get a decent hardware wallet like the Ledger Nano S & watch out for scams!

To Binance Exchange

Some good reads:-

1. Satoshi Nakamoto-san’s white paper on BTC
2. Listen to Wences Casares podcast where he sets of the vision of Crypto
3. The Complete TurtleTrader – Michael Covel II

Easiest way to buy and sell Cryptocurrency | Coincheck

Wences Casares

About kintaro63

Writer and teacher in Japan
This entry was posted in Education, Money, Uncategorized and tagged , , , , . Bookmark the permalink.

2 Responses to Investing in Cryptocurrencies

  1. HHSW says:

    Reblogged this on The Upper 2 % and commented:
    An interesting article from the country that started Bitcoin

  2. kintaro63 says:

    Thanks for reflagging!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s