Last week @konceptjones asked me about trying to flip 30 dollars worth of bitcoin into a few hundred, so I thought it would be good to get more people into trading bitcoin. It's unconventional, and I had a lot of doubts about it, but since starting in January I have made good money.
This is what I started with. Now this is what I have today.
The second photo is the important one for this first post. You can see that my current portfolio is actually made up of virtual currencies that are not bitcoin, even though the value is given at the top in bitcoin and US dollars. The trick to really making this money is trading your bitcoin for the other currencies, then trading back when bitcoin experiences price drops. Right now it's at an all time high, and is primed to reach $2,000.00 USD. If it hits there it seems likely that there will be retrace in that time. Right now a good chunk of my portfolio is made up of something called GNT (Golem Network Token). It's technically not a currency, but actually a token that users can exchange in order to access the Golem Network. The golem network is a super computer, made up of a network of computers, that users can use to help them perform demanding tasks. For example, doing computer generated graphics requires a lot of computer power and can take a long time. To make it faster, someone could use their GNT to access the network and do the work in much less time. Currently, the tech is still in Alpha, but if you have some bitcoin to spare I would suggest grabbing some now since the price is still quite low.
That's it for my first post. I'll do a second post later to cover how to sell your bitcoins, and another one on when to sell to get the most money.
Good luck trading
This is what I started with. Now this is what I have today.
The second photo is the important one for this first post. You can see that my current portfolio is actually made up of virtual currencies that are not bitcoin, even though the value is given at the top in bitcoin and US dollars. The trick to really making this money is trading your bitcoin for the other currencies, then trading back when bitcoin experiences price drops. Right now it's at an all time high, and is primed to reach $2,000.00 USD. If it hits there it seems likely that there will be retrace in that time. Right now a good chunk of my portfolio is made up of something called GNT (Golem Network Token). It's technically not a currency, but actually a token that users can exchange in order to access the Golem Network. The golem network is a super computer, made up of a network of computers, that users can use to help them perform demanding tasks. For example, doing computer generated graphics requires a lot of computer power and can take a long time. To make it faster, someone could use their GNT to access the network and do the work in much less time. Currently, the tech is still in Alpha, but if you have some bitcoin to spare I would suggest grabbing some now since the price is still quite low.
That's it for my first post. I'll do a second post later to cover how to sell your bitcoins, and another one on when to sell to get the most money.
Good luck trading
