Is Investing In Cryptocurrencies Really Investing

From a personal finance perspective, cryptocurrency trading and investing is not for the slight of heart.  Daily gains and losses can exceed 50% at times.

Although much of the alt coin market has “calmed down” towards the end of 2015, it is still possible to see an alt coin rise (or fall) as much as 25% in just a few hours.

Bitcoin, Litecoin, and Dogecoin (the three standard bearers) in this realm seem to have bottomed and begun a slow climb upwards again.

Bitcoin is the leader in this regard, but if one looks at a chart of Dogecoin or Litecoin it may appear that they are going sideways at best, but one has to remember that even though the Satoshi price in different alt coins may look to be flat the price is actually rising if Bitcoin itself is rising as most people look at prices (and price charts) in “Satoshis”.

There’s no doubt in many people’s minds that cryptocurrencies are here to stay – for a beginner’s look at how to buy Bitcoin with a credit card so you can start making money with cryprocurrencies see this Cryptolix article.

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Bitcoin and Alt Coin Trading

It’s been some time since I wrote that article about Bitcoin gaming on this site – I’ve been busy learning how to buy and sell alt coins these past days and it’s been quite an experience.

I have discovered that there is more consistent money to be made in the trading of cryptocurrencies (one for another) rather than just using one kind – whether it is Bitcoin, Litecoin, Dogecoin, or others, at the seemingly rigged online casino game sites.

Cryptocurrency Trading

I found some real nice beginner trader how-to video put out by a company by the aptly named Cryptolix.  I guess since I am a guitar guy I am drawn to anything with “lix” (as in guitar licks – lol) in it.

Here’s a good How To Trade On A Cryptocurrency Exchange Video

How To Fund An Account

The following video is about and exchange called Bleutrade, but I imagine that most exchanges are very similar.

I have been having fun following Cryptolix on Twitter and what they talk about. Lots of easy to understand stuff – and some that I have no clue what it’s all about – lol.

If you have a trader’s mindset – or even if you get the gambling bug every now and then like I do you might want to check out what this Bitcoin and cryptocurrency stuff is all about.

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