Pile of Bitcoins

First Post – Why Cryptocurrencies?

This blog is being started by a bunch of cryptocurrency enthusiasts to help beginners get started with cryptocurrencies.  The returns have been unlike any market seen before, creating millionaires and even billionaires.  This past year this has been a wild ride with price at the start of 2017 being under $1000 rising to a high of over $20,000.

What are cryptocurrencies?

Cryptocurrencies are a digital form of money, you can’t touch or see them and they are not backed by or controlled by a government. Some people are saying this digital currency is exactly what is needed is needed in this digital age of the internet, others that this is a revolution in money that will replace the current banking and the financial system.

What we are hoping to achieve

We will be looking to dig into Cypto’s to really understand both the technology behind this and the trading opportunities available.  Amongst other things topics to be investigated will include:

  • What are Cryptocurrencies?
  • How does Bitcoin work?
  • What are ICOs?
  • What are the different types of Cryptocurrenies?
  • How do I decide which ones to invest in?
  • How do I buy Crypto?
  • Is it a bubble
  • What are the tax implications
  • How do I keep me cyrptocurrencies safe

Is this the Revolution of money or just a bubble? Join us as we investigate and try to find the most profitable options in Cryptocurrency.

Investing in cryptocurrencies should be fun, but be sure you understand this site is not financial advice and the risks involved.

Getting started with Cryptocurrencies

Check out these articles to get you started on your journey into Cryptocurrencies:

What is the blockchain? Simply explained 

Understanding Coinbase fees

Cheapest way to buy Cryptocurrency 

Buying low fee Bitcoin BTC in the UK

 

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