I knew about bitcoin since 2011 when it was use in the Dark Web. Because it was heavily traded in illegal stuffs in that market, I avoid bitcoin, which I think will be banned by the authorities sooner or later. Whenever people introduce me to bitcoin, I just brushed them away, never really understand what actually the technology behind it, except it was a virtual currency of some sort.
Somewhere in January 2017, a friend introduced me to Ethereum, another type of cryptocurrency. I am quite attracted to the concept of a blockchain, but sadly it was promoted through a Ponzi-type investment scheme which I totally rejected. Ethereum price was around $5-7 at that time, I probably would have bought some cheap Ethereum at that time if its not of the ponzi-style scheme!
Then in November 2017, after a friend teased me for not knowing what bitcoin is all about, I decided to do some research on it. Well, I am an IT guy, been on the Internet since 1995, I feel embarrassed that I dont really know what the new hype is all about. So I challenge myself and subscribe to an online course in Udemy called Certified Bitcoin Professional: Pass The Certification Exam by Ravinder Deol to get a better understanding about bitcoin and its technology. The course is simple, but amazingly well presented and I feel fascinated at how the blockchain technology works, it only took me 3~4 days to complete the course! I am sold!
I am quite excited with what I learned from the course, and I want to invest some Ethereum and see how things work. So I ask a friend, @ihsan, to help me out. He already trading Ethereum through Luno, an online exchange which accept direct bank transfer to buy/sell ETH and BTC. With his help, I got myself register in Luno and bought a RM100 (approx. USD$25) worth of ETH, that’s was my 1st crypto investment!
Browsing the Internet and doing more researches on altcoins, I came across another interesting crypto token called Ripple (XRP), I am impressed with the Ripple concept and use case, so I decided this will be my next investment. To buy Ripple, I need to open an account at Binance Exchange, so I tranfer about RM1000 into Luno, bought Ethereum with it, and send my Ethereum to Binance and buy Ripple (XRP) at 22cents a coin! Within the next few weeks XRP went up to $3.84 in January 4th 2018 and I make some good profits with my small investment!
Thats how I started, I am quite new in the cryptocurrency world and there are so much to learn and earn. I will post some other time how I get into Initial Coin Offering (ICO), my view of the future of blockchain, etc. Stay tuned guys!
Written with StackEdit.
Good write up bro ... keep it up !!
thank you @veenang!
It's good to know there is a course for the potential investor on cryptocurrency.
Thanks for sharing @davidngtv.
Cheers
yes sir, the internet is a huge library for us to tap into. btw, good discussion yamcha tadi
Yes. Good to blog about it too. Hope more meetup in the future. Cheers.
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thank you!!!
Great post. It was good to read from someone who wrote from their personal experience.
thank you sir. its always a pleasure to learn something new in life
Well presented, keep it up