The person I am talking about is YOU! Yes you and let me tell you why you are the best source of information and how you can learn about the market really fast, and by fast I mean from a few days to a week. Now this doesn't mean that you will become an expert or millionaire in that time, but you will get down the basics of cryptocurrency, trading it, the market in general, knowing the lingo, and where to go for your information.
I have been involved in this market for a little over 5 weeks, but like dog years, a week in the Cryptomarket can seem like a month. Everything revolving around cryptos is rapid, from the volatility in hourly/daily price, to new companies coming out with their own coins (ICOs), and the ever changing evolution of technology in general.
Some people may suggest that my theory and method is insane but when you think about it, it is no different than you shelling over anywhere from $10 to $200 buying some guys tutorial videos who claims he will make you money if you follow his system. Though that might be true, ultimately it is YOU that makes the decisions that lead you to making money or losing money. Also I am not saying that you should not pay for those courses, as whatever you feel will help you, the more power to you. The method I am suggesting s not really expensive either. So lets get to why you are the best person to teach yourself about this market and how you can do this in the following steps...
Watch YouTube videos with the keywords "what is cryptocurrency", "how to set up a coinbase account" ,"bitcoin for beginners","altcoins", "crypto exchanges", "block chain technology". ALs subscribe to the channels where you like the information the person is telling you as you will want to keep up with what they have to say if they are knowledgeable.
While watching the videos on Youtube create the Coinbase account and the fastest way to get money in there is choosing the debit/credit card option. Also create an account on Poloniex or Bittrex exchanges . Reason I suggest to make these during the videos is to make sure the accounts are ready to go when you feel confident enough in investing. Also some videos on YouTube have a link to join CoinBase where after you invest $100, you and the person's referral link will also get a $10 bonus. If you can't find one let me know and I can get you one, though easy to find.
Invest however much you feel you are comfortable to COMPLETELY lose in the CoinBase account because of what you will be doing with this little bit bit of money, but I think 20 dollars is a solid amount since the processing fees are high and transferring BTC to another exchange has a high processing fee as well. ( A little secret I came across is to buy Litecoin (LTC) instead of BTC because transferring LTC to a different exchange costs only a couple cents vs a couple dollars if you transfer by BTC, and LTC gets to the exchange much faster)
No that you have transferred your money (aka BTC or LTC) to an exchange, use this site to gain any information on the coins your want to buy and trade or hold: https://coinmarketcap.com/
You can try doing the day trading as well during this time to get an idea of how the market works and as I mentioned don't be afraid to lose this little bit of money.
That is all you have to do, the most important part of this method is to put money in the exchange that isn't too much because this money is used to help you learn by DOING instead of watching, studying up on it, etc. If you stand on the side lines, before you know it, a week or two has gone by and you are more hesitant to come into the market at a good price or you end up over thinking it, wanting to make it the perfect opportunity for you. All while in these couple weeks a coin that you may have learned about recently going up 10 times its value may have been on your radar to buy had you just dove on in.
Please do not misunderstand me and think I am saying that you should invest $1000, $100, or even $50 without any research but if you invest around $20 bucks look at it as a form of research and getting your hands dirty. There are many instances where I have read in the last few weeks of people coming straight into the game and dropping a few thousand dollars on some coins and now they lost half of that. An expensive lesson to learn and some just get out for good after a bad first impression of the crypto world losing 2K. Had they just spent a few bucks, played on the exchanges and been involved in the crypto market then they may have been more wise in what they invested the larger portion of that money in. Or even find out what their weaknesses are and work on those skills to improve their chances at profiting from investing in crypto in the future.