For a brief introduction, these cryptocurrencies are utilities that will revolutionize the future based on the blockchain technology. The beauty is that they are borderless (country to country), pseudo-anonymous (only the person you are sending funds to is aware of it, however this can be tracked if someone knows your details), permissionless (no permission needed to conclude a transaction) fungible, and transactions are near instant... want to send money to your loved ones some distant place, send BTC to the person and they just convert the BTC once there, without the fees that the likes of Western union would charge and involvement of any middleman.
Anyway, If you did want to trade, companies like etoro do allow you to open a trading account to trade Bitcoin (BTC) and other cryptocurrencies like Ethereum (ETH) you could use a link to join, however I wont be able to provide further assistance as I am not trading actively at present.
Crypto Trading would be similar to FX trading, and there are ways to have your account managed, or you can follow others as they trade, On the other hand speculating and mining, is a great way to made a decent return over time. When I really got involved a bit over a few years ago, BTC was £400, ETH and DASH were around £10, XRP (ripple) was £0.003 and other cryptocurrencies (tokens) were similarily valued. By last December (2017) BTC was £12000, ETH £700, DASH £848 and XRP £2. Some have profitted, there is no guarantee this will occur in the future, but there is every indication it may. Most recently the pressures from the governments and regulators on these markets and we have seen massive corrections taking place in the markets, but its still a good time to get involved if you so wish. As of now BTC is £5000, ETH £560, DASH £381, and XRP £0.50. Please note this is no guarantee of future gains.
You dont have to buy a whole BTC or ETH to get involved, however I would introduce you to a platform I use where you can start with as little as say £200 and spread it around, and experience mining and speculation first hand.
Trading link - http://etoro.tw/2GSnmSX
Mining Link - https://www.eobot.com/new.aspx?refer[email protected]
See my other blog posting about crypto mining, and will talk more about taxation etc
ntil later..
Sounds like good information. Haven't done much with this side of the business as yet. Would like to though.
All in good time, HODL as they say and you can't go wrong
Coins mentioned in post:
Congratulations @jfran! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!