8

Learning About Cryptocurrency

SAVE FOR EASY REFERENCE - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<

Learning about cryptocurrency is something that's been keeping me busy and interested over the fairly slow months since November. As an aside WHY does the whole western business world seem to close down for the entire month of December?

Some may think learning about cryptocurrency is a “Bright Shiny Object”, but it is actually part of my overall strategy to build multiple streams of income. I had dabbled before, although with only limited success.

 

Starting Out With Cryptocurrency

For my initial venture into cryptocurrency I got VERY lucky…. because a few years ago someone I used for paid advertising wanted to be paid in Bitcoin. So reluctantly I went out and bought a (very) small quantity, in anticipation of placing repeat ads.

Optimistic as always!

It goes without saying that the ads tanked, I never placed any more, and the remaining Bitcoin sat there because it was so small I couldn't be bothered to figure out how to get it back. I also used it as small change for the odd purchase here and there, because increasing numbers of sites were accepting BTC payments

As interest grew in Bitcoin, I investigated what it was worth now and found to my delight that what was a two figure sum just a year or so back, had topped four figures (in December 2017). So it was time to learn what to do with it.

So, the challenge was how to start learning about cryptocurrency, and I hunted around for a few mentors before I settled on Siam Kidd.

Crypto Currency Masterclass

Siam KiddWorry not, I'm not selling this cryptocurrency course from Siam Kidd. I believe the “doors are closed”.

I am just sharing the background to my “learning about cryptocurrency” curve. And as an excuse to show the picture of Siam's adorable dog Pips, who will insist on getting in on the act 🙂

As a complete newbie in this area, I was already testing the water “trading cryptocurrency” and, unknown to myself, I was on course to make a loss using a CFD platform – without even knowing what it was! What is CFD?

The first time I heard Siam talk on a free webinar, he warned people to be very careful with CFD unless they knew what they were doing – which I most certainly didn't! So I investigated further and found out why he steered newbies away from it. Urgently I pulled my funds from that, happily with enough profit to buy Siam's Crypto Masterclass course.

Learning About Cryptocurrency

Since then I have been on a steep learning curve and taking tiny steps with a genuine long-term strategy that I can justify to the doubters in my family / friends. With impeccable timing, since I started buying in December there has been a bloodbath in cryptocurrency and the markets in general.  Hopefully it will recover and I will have bought in the dip.

Enormous thanks to Siam for steering me away from what could have been an embarrassing disaster, and showing me how to stay safe in what turns out to be a scary place to play. The course also comes with access to a Facebook community that generously shares their knowledge with newbies like myself in addition to what I am learning from the course.

For the avoidance of doubt, mining is NOT a strategy Siam recommends to newcomers, because of the problems you will face.

Update June 2019: Several people in Siam's group are doing well and he gives good support, but in the end crypto trading turned out not to be a strategy I could devote enough time to. Instead I diverted the small amounts of cryptocurrency I had accumulated to another business that I am testing. Contact me if you want more information.

 

SAVE FOR EASY REFERENCE - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<
Please share
Joy
 

I left it too late to plan for a financially secure retirement. Don't make my mistake. Start building an extra income with a part-time (or full-time) business online. Think you don't have time? Can't afford the start-up cost? Can't meet sales targets? Contact me for free advice (no obligation) on the best fit for your circumstances.

  • Mairaj says:

    Hello Joy,

    Indeed an excellent post about cryptocurrency, a few days ago I have researched about cryptocurrency that what actually it is, and found numerous digital currencies which exist.

    Finally, i have chosen one of them called Leocoin. Most of my friends who are a part of this digital currency earn good revenue from it. They provide me real proofs along with their earnings.

    So, I have decided to be a part of this platform Soon, It is a 6 years old company which is working in different countries of the world. Soon I have to publish complete information about LEO on my blog.

    Keep writing

    Keep sharing

    Regards

    Mairaj

    • Joy says:

      Hi Mairaj,

      I was truly stunned when I realised how many altcoins exist – some of more value than others.

      I have heard of Leocoin and know nothing against it, so I wish you every success with it. I’ll follow its progress with interest.

      Joy Healey – Blogging After Dark

  • Enstine Muki says:

    Hey Joy,
    I love this post and you know whay hahaha!
    Perfect correlation between us. I’m excited I got into the industry almost 2 years ago. As a matter of fact, I signed up to the first coin offer on the 12th of June 2016. Since then, it’s been a journey of learning. I never had a coach. I didn’t even sign up to any formal training program. I dabbled on the net and finally got quite good knowledge with time.

    As a certified Crypto Expert, I get a lot of attention locally. My presence at crypto events spurs excitement and folks always want my attention.

    Oh yeah! blood on the street. The secret is to hodl especially if you are into long term investment.

    I’m thinking of setting up a coaching program. Any advise?

    ~ Enstine

    • Joy says:

      Hi Enstine,

      Thought it would strike a chord with you! I wish I had got into the crypto industry earlier on, but there seemed to be so many that fell by the wayside. I’m glad you were wise enough to pick winners.

      That’s a great qualification you’ve got there and I can see how people would be hanging on your words. Here in the UK most people seem very skeptical still. If I mention crypto it’s as if I said I was a drug-dealer LOL and with the prices at the moment all they can say to me is “Told you it was a bubble”. I’m not much of a convincer, so I just carry on my own sweet way! Yep, I am a HODLer – mainly due to lack of time. My offline businesses still take up the majority of my time, which is why the GSR mining program is ideal for me because someone else is running it!

      I’m sure any crypto-coaching program you start will be excellent. Good luck, and I’ll watch out for it.

      Joy Healey – Blogging After Dark

  • Nice article on cryptocurrency please do tell more about GSR

    • Joy says:

      Hi Darleen,

      Glad you liked the crypto-currency information.

      You can learn more about mining crypto-currency and GSR here.

      Joy Healey – Blogging After Dark

  • Ashish Kumar says:

    Hey Joy,

    Very nice article.
    Cryptocurrency has changed the market in a very drastic way In the earlier days people didn’t pay any attention and there were a lot of stories of people just throwing away hundreds of bitcoins.
    The number of scams has also increased the recent times.
    Prices of hardware have sky rocketed.
    Hope things will go back to normal.

    • Joy says:

      Hi Ashish,

      Yes, it’s a shame that there have been so many Bitcoin scams that have tarnished the image of cryptocurrency. Sadly scams exist online and offline, and not just to do the Bitcoin. I have been conned by tradespeople in the “real world”, so it’s not just in the online marketplace that people are scoundrels. We all have to watch who we deal with.

      Joy Healey – Blogging After Dark

  • >