Learning About Cryptocurrency
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
Worry 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.