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RE: Beginner investing in Cryptocurrencies. I wrote this for my mom, sharing it with Steemit....

in #bitcoin7 years ago (edited)

Thanks for the effort to guide people on how to purchase BTC, ETH and LTC. I agree with the benefits of Coinbase and the nuisance of cash being held on Gemini for 5 business days while funds clear.

However, there are many other exchanges you can buy coins and tokens from depending on your location as regulations apply, such as Bittrex, Poloniex, Kraken and Cryptopia. A very simple site with access for hundreds of coins is Bittrex. Access varies by US State in their terms sheet. Others may have geographical limitations as well based on country or State. Bittrex is easy to use (aside from no fiat and pricing being in BTC/ETH vs dollars). The charting information is highly valuable.

While I believe in and use Bitconnect, I urge you to reconsider promoting Control Finance as there is mounting evidence building that suggests it is a scheme. While I understand that you're promoting your referral links, I constructively suggest explaining all of the options and RISKS associated with each if your focus is on guiding people on investment strategies. The videos are pumping up the platforms but not necessarily current with recent developments that are relevant today for new participants.

What are your fair thoughts on ICOs (upside/downside)? The video is hyping getting rich, but there's a lot more to the ICO world that could be elaborated on to help us understand your opinions. Thanks for your effort!