2018 will be crazy in cryptoworld, almost every cryptocurrency exchange can't even accept all the new members that want's to register for an account and start to buy/trade with cryptocurrencies.
How can a newbie like me or any other regular person make profit from this? I will take it step by step.
You will need an account on at least one cryptocurrency exchange. Myself is currently using Binance and Cryptopia but there are many more out there. Some exchanges just accept a certain amount of new members each day, if they don't accept any new members when you try to register just try later.
You need something to buy your cryptocurrency with, usually you can't deposit funds in form of fiat money direct to a cryptocurrency exchange. First you need to buy one of the most commonly used cryptocurrencies to transfer them into your newly registered exchange account. I use Coinbase when I want to add more to buy/trade with. And I almost always use to buy Litecoin(LTC) or Ethereum(ETH) because of faster transfer and lower fee compared to Bitcoin(BTC).
Now when you have bought LTC or ETH and have them ready, you need to send them to your preferred exchange. Most exchanges works the same way, you have a deposit option where you select which cryptocurrency you want to deposit and then you will get a deposit address that you need to send your LTC or ETH to. Copy the deposit address and use it on Coinbase or where you send it from and send to that address.
Now when you have your funds in form of crypto in your exchange account, it's time to choose which coin you want to buy. To make an example I will choose to buy in to the first 10 top coins and $100 in each and $1000 in total. In the picture below you can see the actual price for each coin. Just to follow up I will make a new post each month to see how the portfolio goes. The easiest way to manage your portfolio is just to buy and hold, but if you want to add funds each month just do the process again and buy more in each coin when the price fall.
If you want to be even more active you can track every coin, in this portfolio with 10 different coins you check so you don't have more or less then 10% of the total in each coin. If so you sell some in the coin where the price has raised and buy in the coin where the price has fallen. I think you get it 😊:)
