Why I am here
Recently I started researching investing to try and be more creative and productive with my cash. I quickly found cryptocurrencies, learned of the basic tech behind Bitcoin and Ethereum, and now I have started playing around with small amounts of cash in learning how to use wallets and exchanges. I am here to learn more about this stuff and participate in this growing crypto community!
Current Status - Any Advice?
First thing I did was grab $50 of Bitcoin from an ATM near my home in Detroit, MI. I have just kept the paper wallet (thinking about framing it) for long term growth. Now I am hearing of Bitcoin possibly imploding? I am not a programmer or anything so the tech stuff gets over my head fairly quickly. Regardless of that, is keeping a paper wallet a bad idea? Are there extra steps that I should take to protect it?
Second was signing up for Coinbase, and purchasing $25 of ether and Litecoin. Both grew immediately, including Litecoin basically doubling. Fireworks! Right? Those are just chillin'.
Third was Kraken and Fourth was Bittrex. Using Ether and then Bitcoin from my Coinbase. I have bought small amounts of Iconomi, Antshares, and Monero. Used the bit of Bitcoin I had left to grab 300 Siacoins. Bittrex seems far superior as far as ease of use.
Are any of these poor choices?
Now, I am looking forward to collecting Steem but TBH I am somewhat confused. Do I have to buy steem to transfer here to upvote and donate? Do I collect it and then share it? Sorry for the rookie questions.
Conclusion
I am excited about cryptocurrency's potential for both its technology and its effect on finances & the world at large. I am looking to produce here all kinds of good content on my path through crypto and on other topics too, I am trying to be a philosophical lawyer/golf pro/finance trillionaire, after all. Before that though I got more learnin' to do so lets start with that.
Any advice on these currencies or others is greatly appreciated! Looking forward to the future!
All photos are mine