So heres a guide
Chapter 1
Lets begin with how to obtain this crypto-currencies
1. Mining
Mining crypto coins have become VERY famous in the last year alone.
If you are intrested in mining you must buy a rig or custom build your own pc to mine it
As far as i know the two famous crypto currency is
1.BTC
2.Etharium
Btc mining consumes much more power than etherium and it requires a gpu unlike mining etherium
I dont really have much to say about this though as i personally have never bought or used a mining rig in my life.
However i can tell you this, this is the LEAST worth it investment in earning with crypto-currencies
Here are a few reasons-
1. Cost of electricity bills
This is the main reason why you wont gain any money or take a VERY long time to earn unless you own a whole building filled with miners.
It eats up your earnings and therefore can make it counter intuitive to mine
2. Fluctuation of price
Crypto currencies flactuate in price ALOT
As of writing this Bitcoin is worth 11k USD however it is VERY untable and volatile therefore if you plan according to this 11k usd value and it drops back to its stable 8k value you will definitely make a lost.
However its not all bad
If you have alot of
1.Money to invest
2.Time to spent
3.Room to store computers
Then yes you can churn out quite a profit
Remember mining is ALWAYS a long term investment and you wont earn a "quick buck" off mining if thats what youre in it for.
Now lets move on to the second way of getting crypto currencies
2.Trading
Heres a small tip.Trading with crypto currencies is as risky as any other investments .
With that said trading BTC and other coins can be VERY PROFITABLE.
People have made tens of thousands in days and trading is definitely the best way to make a "quick" buck
Personally i really like this method.
In the last year I hired a personal advisor just to trade with BTC and as of now i already broke even so...
You can use sites like Bitrex.com to buy and sell or you could search online for advisors and hire them if you are serious about this
There are downsides though.
1.Alot of money required
Just like mining the amount you put in is the amount youll get out of it.
1 coin is about 11k for BTC and 400 for etherium
So you will need a substantial fund to even start
2.Now is just not a good time
In all honesty i recommand not to buy BTC and etherium for the next fews days or weeks as both are now VERY volatile and are being unpredictable
Wait awhile and watch unless you really want to then dont shoot me if you lose money lol
So that was just a short guide on making money and obtaining BTC and other crypto currencies
Now lets move on to the third most asked question
Chapter 2
What crypto coin is the "Best"?
Short answer- Its based on preference
Long answer- There are thousands of coins
Basically in two catogaries
1.Famous and highly valued coins that have been awhile on the market
2.Starting companies that are trying to get a backing and base for their own coin and are willing to give out free coins to make people join
Lets start off with the first
Famous and highly valued coins
Leading this category are
1.BTC (8k - 11k) *
2.Etherium (400-500) *
yup thats it lol
This two are the main competitors
and both are valued quite abit and have ALOT of potential to rise.
However this doesnt mean small curriencies are useless.
For examplee Etherium was just 14$ earlier this year
YES A LEADING CRPTO COIN WAS ONLY 14$
So think ahead if youre serious there are many OPTIONS
Between this two however i would say BITCOIN is definitely more popular and have much more news coverage
Moreover it is accepted at many online stores and even some physical stores
Like various shopping complexes in SAPPORO,JAPAN. (I know i recently went there and i am just as shocked as you)
Etherium is not all bad too though it still can stand its own ground.
As i mentoned before it is the main competitor to BTC and therefore is affected by it therefore you can always count on this coin being of some kind of value lol
Ok m hand is getting tired so im gonna end it here
Hopefully this helped some of you
Any questions just post it below and maybe leave a like i took like 15 mins to write LOL
All the best to everyone
Maybe bump it if it helped you haha
-Justforfunn
My bad its spelled ethereum
just ignore my bad spelling lmao