Thursday, June 5, 2014

Bitcoin and Altcoins Investments.




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Disclaimer Invest at your own risk. 

When I first heard of bitcoin it was back in early 2013 and that how my obsession started this may change the future of humanity how we chosen to manage are finances and trade but there much innovation being build around this new economic system.
Digital Currency I think is here to stay but is it really real this a question I found asking myself at the first glance.
 I feel like we are now witnessing how the Internet evolve tangible Media and information to the Digital frontier. I been research bitcoin and Litecoin and whole list of great Alt-coin in past eight months.
I just started to invest in the last recent months I am basically still a newbie.

Bitcoin is challenging the way the world is viewing finance a community can now become a self economy this could mean freedom from fiat banking and all the world governments.If you not a tech savvy person there could be a overwhelm learning curve if you welling to take a chance and join revolution below is summary how to get started if you interest.

The two main algorithms programs that the currency run off of are call Sha-256 and Scrypt and there few other Alt-coins that are running off of  a few more Advance algorithms but let try to keep this post as simple as possible.

Litecoin is running on Scrypt and there whole list of altcoin which keep growing everyday.
First thing first get a wallet 



links to more wallets on different platform.
 https://bitcoin.org/en/choose-your-wallet

  The main ways of gathering coins

  1. PTC or GPT for bitcoin or faucets 
    $
  2. Selling or offer a service.
  3. Digital currency trading sites.
  4. Mining is become popularity at the moment and with Sha-256 and Scrypt Asic miner hardware which is the better way to get a profit in the short term.Also the fact there a limiting supply of bitcoin that doesn't help Latecomer if this trend continue running a cheap rig with the rising of the difficulty it well never be profitable.My opinion the smart thing to do is to mining altcoin and exchange them on trading platforms or pools that convert for you to Bitcoin or Litecoin.
  5. here a link to few of my favorite pools ltcrabbit.com - hashco.com.
  6. There is a easier way to mine it cloud mining there a few banners referring to them feel free to click on them which well link you to the sites. I find that to be the most cost effect way so far and it save you on the Electric bill which is the big pro for it and having not to invest on Gpu or Asic hardware is also very awesome.









If you feel i help you out to learn more about the new economic system.
Tip me this my Bitcoin address 1NHUmiqxzbgW3vYLCs3UV23m1asPn6uAAk
.Please help me out to this well make it easier for me to crate more content thanks for take the time to read this page and for the feedback.