Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.037USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
5.007SP
├── Own SP
0.631SP
└── Incoming Deleg
+4.376SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.631SP
Delegated Out
0.000SP
Delegation In
4.376SP
Effective Power
5.007SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1026.242860 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7117.416946 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namebag-man
id469223
rank315,126
reputation47979353
created2017-11-29T20:36:09
recovery_accountsteem
proxyNone
post_count1
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2017-11-29T20:39:42
last_root_post2017-11-29T20:39:42
last_vote_time2017-11-29T20:48:00
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1026.242860 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7117.416946 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 469223,
  "name": "bag-man",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6Hm5S8Kyfq4VhdvDrcgLshAy2TeTqGyxEMVfuuwFud3hDZ5QYR",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6n6JDNGKWvjgNCT7m795Jok9he2jh4NnFp5S4E9rMFkCbG3tku",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7TEP7n9nW3XmArnujGw6Hx6cgtqRx8ywfMjxDUJFeHheh8ieUu",
        1
      ]
    ]
  },
  "memo_key": "STM7nn1Hw8FfRaiELF1b8SuQvVxwyq43szD1K3pkodeT1qD2i3tpW",
  "json_metadata": "",
  "posting_json_metadata": "",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2017-11-29T20:36:09",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 1,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779054630
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779054630
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "1026.242860 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7117.416946 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2017-11-29T20:39:42",
  "last_root_post": "2017-11-29T20:39:42",
  "last_vote_time": "2017-11-29T20:48:00",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 47979353,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 315126
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.376 SP to @bag-man
2026/05/17 21:50:30
delegatorsteem
delegateebag-man
vesting shares7117.416946 VESTS
Transaction InfoBlock #106140565/Trx 06966f9f8b7708aec0c9e6e8d0102a4884a6e098
View Raw JSON Data
{
  "trx_id": "06966f9f8b7708aec0c9e6e8d0102a4884a6e098",
  "block": 106140565,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T21:50:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "7117.416946 VESTS"
    }
  ]
}
steemdelegated 2.708 SP to @bag-man
2026/05/11 18:53:48
delegatorsteem
delegateebag-man
vesting shares4405.206541 VESTS
Transaction InfoBlock #105965011/Trx 0cfcacd92dd65893ae3a95a2f4a8c009605d813c
View Raw JSON Data
{
  "trx_id": "0cfcacd92dd65893ae3a95a2f4a8c009605d813c",
  "block": 105965011,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-11T18:53:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "4405.206541 VESTS"
    }
  ]
}
steemdelegated 4.383 SP to @bag-man
2026/04/25 21:15:15
delegatorsteem
delegateebag-man
vesting shares7129.932702 VESTS
Transaction InfoBlock #105508289/Trx 9041c732fd87742058f38cb9919abf9a00a02764
View Raw JSON Data
{
  "trx_id": "9041c732fd87742058f38cb9919abf9a00a02764",
  "block": 105508289,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T21:15:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "7129.932702 VESTS"
    }
  ]
}
steemdelegated 2.734 SP to @bag-man
2026/01/23 01:27:00
delegatorsteem
delegateebag-man
vesting shares4446.753360 VESTS
Transaction InfoBlock #102844209/Trx 89c81476e4ffa03d0fd657f4ef7f4dcfd81a1c8a
View Raw JSON Data
{
  "trx_id": "89c81476e4ffa03d0fd657f4ef7f4dcfd81a1c8a",
  "block": 102844209,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T01:27:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "4446.753360 VESTS"
    }
  ]
}
steemdelegated 2.835 SP to @bag-man
2024/12/16 20:46:51
delegatorsteem
delegateebag-man
vesting shares4610.972557 VESTS
Transaction InfoBlock #91290625/Trx ae1072bbc49257344097cac1d3cf6de654756977
View Raw JSON Data
{
  "trx_id": "ae1072bbc49257344097cac1d3cf6de654756977",
  "block": 91290625,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-16T20:46:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "4610.972557 VESTS"
    }
  ]
}
steemdelegated 2.939 SP to @bag-man
2023/11/13 12:32:36
delegatorsteem
delegateebag-man
vesting shares4780.106089 VESTS
Transaction InfoBlock #79844901/Trx a480c5a133891b6b8b34e1eb31b166e5b6a033b4
View Raw JSON Data
{
  "trx_id": "a480c5a133891b6b8b34e1eb31b166e5b6a033b4",
  "block": 79844901,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T12:32:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "4780.106089 VESTS"
    }
  ]
}
steemdelegated 4.744 SP to @bag-man
2023/09/21 19:01:54
delegatorsteem
delegateebag-man
vesting shares7717.384875 VESTS
Transaction InfoBlock #78344486/Trx 609bd9e5b881c6d9a8c696b764df82b69fca34a8
View Raw JSON Data
{
  "trx_id": "609bd9e5b881c6d9a8c696b764df82b69fca34a8",
  "block": 78344486,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T19:01:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "7717.384875 VESTS"
    }
  ]
}
steemdelegated 4.881 SP to @bag-man
2022/11/03 09:08:15
delegatorsteem
delegateebag-man
vesting shares7939.066313 VESTS
Transaction InfoBlock #69110195/Trx 81f40dc49a0d3fec75ea95a34b5f2b66dd72eb98
View Raw JSON Data
{
  "trx_id": "81f40dc49a0d3fec75ea95a34b5f2b66dd72eb98",
  "block": 69110195,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T09:08:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "7939.066313 VESTS"
    }
  ]
}
steemdelegated 5.016 SP to @bag-man
2022/01/17 08:36:45
delegatorsteem
delegateebag-man
vesting shares8159.599544 VESTS
Transaction InfoBlock #60806620/Trx 49f38765a343708954d04d810817fe059edf19c7
View Raw JSON Data
{
  "trx_id": "49f38765a343708954d04d810817fe059edf19c7",
  "block": 60806620,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T08:36:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8159.599544 VESTS"
    }
  ]
}
steemdelegated 5.129 SP to @bag-man
2021/06/13 22:37:48
delegatorsteem
delegateebag-man
vesting shares8343.368202 VESTS
Transaction InfoBlock #54605124/Trx bb0a68df9b3079f0373d983ff6434e410f8effe1
View Raw JSON Data
{
  "trx_id": "bb0a68df9b3079f0373d983ff6434e410f8effe1",
  "block": 54605124,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-13T22:37:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8343.368202 VESTS"
    }
  ]
}
steemdelegated 5.245 SP to @bag-man
2020/12/11 08:59:48
delegatorsteem
delegateebag-man
vesting shares8530.790176 VESTS
Transaction InfoBlock #49352674/Trx a6af91e0351c62e1528dbf4285932b5c36e5bdb1
View Raw JSON Data
{
  "trx_id": "a6af91e0351c62e1528dbf4285932b5c36e5bdb1",
  "block": 49352674,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T08:59:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8530.790176 VESTS"
    }
  ]
}
steemdelegated 1.176 SP to @bag-man
2020/12/06 02:37:21
delegatorsteem
delegateebag-man
vesting shares1912.543513 VESTS
Transaction InfoBlock #49204243/Trx 5b9ca354d2ba48873f02a29838aecd4cff8eae73
View Raw JSON Data
{
  "trx_id": "5b9ca354d2ba48873f02a29838aecd4cff8eae73",
  "block": 49204243,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T02:37:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.248 SP to @bag-man
2020/12/05 10:34:09
delegatorsteem
delegateebag-man
vesting shares8537.156815 VESTS
Transaction InfoBlock #49185345/Trx 2b8f3ab2ef3b79a2659aa1dbe3d16ba13ef0afbb
View Raw JSON Data
{
  "trx_id": "2b8f3ab2ef3b79a2659aa1dbe3d16ba13ef0afbb",
  "block": 49185345,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T10:34:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8537.156815 VESTS"
    }
  ]
}
steemdelegated 1.180 SP to @bag-man
2020/11/02 10:54:09
delegatorsteem
delegateebag-man
vesting shares1920.017158 VESTS
Transaction InfoBlock #48252229/Trx e3057f7c926ff8b869c800dadf6c734d90cfc2fb
View Raw JSON Data
{
  "trx_id": "e3057f7c926ff8b869c800dadf6c734d90cfc2fb",
  "block": 48252229,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-02T10:54:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.373 SP to @bag-man
2020/05/09 03:32:12
delegatorsteem
delegateebag-man
vesting shares8739.803389 VESTS
Transaction InfoBlock #43214454/Trx 6464168a74e39e51a0c291974de0c720d2f4892e
View Raw JSON Data
{
  "trx_id": "6464168a74e39e51a0c291974de0c720d2f4892e",
  "block": 43214454,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T03:32:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8739.803389 VESTS"
    }
  ]
}
steemdelegated 1.201 SP to @bag-man
2020/05/08 06:48:48
delegatorsteem
delegateebag-man
vesting shares1953.311140 VESTS
Transaction InfoBlock #43190169/Trx eb03c958a060f1e5caab6872ce08a4952d3ba287
View Raw JSON Data
{
  "trx_id": "eb03c958a060f1e5caab6872ce08a4952d3ba287",
  "block": 43190169,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T06:48:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.381 SP to @bag-man
2020/04/15 20:13:00
delegatorsteem
delegateebag-man
vesting shares8752.780808 VESTS
Transaction InfoBlock #42560935/Trx ccc41870342b749db2cf2c5c5511f3926f5694bc
View Raw JSON Data
{
  "trx_id": "ccc41870342b749db2cf2c5c5511f3926f5694bc",
  "block": 42560935,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-15T20:13:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "bag-man",
      "vesting_shares": "8752.780808 VESTS"
    }
  ]
}
2019/11/29 21:55:54
parent authorbag-man
parent permlinkhow-i-got-started-in-crypto-investing-and-what-i-learned
authorsteemitboard
permlinksteemitboard-notify-bag-man-20191129t215553000z
title
bodyCongratulations @bag-man! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@bag-man/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@bag-man) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=bag-man)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #38609928/Trx 47ed004739f2b794e105b04e15a7f59ddeba3fdc
View Raw JSON Data
{
  "trx_id": "47ed004739f2b794e105b04e15a7f59ddeba3fdc",
  "block": 38609928,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-11-29T21:55:54",
  "op": [
    "comment",
    {
      "parent_author": "bag-man",
      "parent_permlink": "how-i-got-started-in-crypto-investing-and-what-i-learned",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-bag-man-20191129t215553000z",
      "title": "",
      "body": "Congratulations @bag-man! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@bag-man/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@bag-man) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=bag-man)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 5.501 SP to @bag-man
2019/05/12 13:27:33
delegatorsteem
delegateebag-man
vesting shares8948.403613 VESTS
Transaction InfoBlock #32843754/Trx 746a160af311811df7c4787ecf688803513319de
View Raw JSON Data
{
  "trx_id": "746a160af311811df7c4787ecf688803513319de",
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2018/11/29 21:55:57
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permlinksteemitboard-notify-bag-man-20181129t215556000z
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2018/05/16 20:07:24
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steemdelegated 18.158 SP to @bag-man
2018/04/21 20:39:00
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steemdelegated 18.283 SP to @bag-man
2017/12/12 22:20:27
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2017/11/29 21:41:48
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2017/11/29 20:48:00
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2017/11/29 20:45:48
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2017/11/29 20:39:42
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2017/11/29 20:39:42
parent author
parent permlinkcrypto
authorbag-man
permlinkhow-i-got-started-in-crypto-investing-and-what-i-learned
titleHow I got started in crypto investing and what I learned
bodyAs I've recently become an adult with a proper job, for the first time in my life I have had an income that covers more than just food and rent. This revelation prompted me to consider how best to invest my surplus income and make the most of the savings I had been able to accrue. There are many options out there, and the most long-term-saving-for-the-future-sensible option would probably be to save up for a deposit on a house and start renting it out to pay off the mortgage which would provide a long term cash producing asset that could fund retirement plans, or even begin to fund future investments or ventures. ![Bitcoin banner](https://www.bitcoin.com/wp-content/uploads/2017/03/what-is-bitcoin-story.jpg) However I'm still one of those young techy types, so my eyes were drawn to crypto currencies as it's something that I have had experience with before*, and it is an extremely interesting technology to try and get to grips with. In learning about crypto I feel like I am investing more than money as the skills learned from trading will be applicable to the stock market and the lessons learned about crypto could be a great part of a CV in the future, especially if blockchain technologies becomes as mainstream as it is hyped up to be. <center><p style="font-size: 12px"> &#42; I was mining BTC with my 5870's back when BTC was < $200. Sadly I think I spent it all back then!</p></center> For the last few months I have ventured into this space and put my real money on the line. Along the way I have learned a lot about how best to approach investing as well as a tonne of practical advice. So in this article I hope to share some of these tips and guide you through how best to get setup. I won't really comment on strategies for investing or trading, I'm far too new to this to world for my opinion to be of any value! What I will focus on is how to get to a point where you can start trading and investing with ease and security. ### Sell Walls, Smart Contracts & Whales One barrier to entry with the crypto world is the huge amount of jargon to learn, both from the technical side and from the trading side. For trading terms a lot of them are going to be identical to the stock trading world, so if you are familiar with that you will have a nice leg up. However if you aren't so sure on what an order book is or what a limit order entails, and want to get some definitions, I've found that looking up a term on [investopedia](https://www.investopedia.com/terms/l/limitorder.asp) has been really helpful. For the tech side of things, it gets a little more tricky as every crypto currency will not only have it's own technical differences to all the others, but will also have it's own branding and marketing. The best way to start understanding it, is to really get to grips with how Bitcoin works, as it was the foundation that all future coins have been built on. ![Blockchain explain](https://www.comptia.org/images/default-source/advocacy/what-is-blockchain-technology.jpg?sfvrsn=0) I've looked at many resources that try to help and explain Bitcoin, but none have matched [this video](https://www.youtube.com/watch?v=bBC-nXj3Ng4) by [3Blue1Brown](https://www.3blue1brown.com). I highly recommend you watch it and do some reading on how Bitcoin and Ethereum work, and how they differ. Even if you are coming to crypto just to invest, and have no real interest in the technology, it is worth doing, as looking at the viability of a coin based on its technical merit is a key step in assessing whether it is a good investment or not. ### Turning "real" currency into crypto currency One of the other barriers to entry is finding a way to buy Bitcoin easily and safely. There are a few options out there, such as [localbitcoins.com](https://localbitcoins.com/) that are just for the sale of BTC, or alternatively most exchanges will have some system to allow you to transfer money to be used as fiat*. <center><p style="font-size: 12px"> &#42; fiat is a term used to describe "real world" money, used to by assets. <a href="https://www.investopedia.com/terms/f/fiatmoney.asp">Investopedia definition.</a></p></center> Personally the best way I have found to do this step is to sign up to [Coinbase](https://www.coinbase.com/) and go through their full verification process. This allows you to transfer money directly from your bank to your coinbase fiat wallet and back with zero fees*. Now that you have fiat it is time to buy some coin! <center><p style="font-size: 12px"> &#42; Well there is a £0.15 fee to transfer out! <a href="https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees">Coinbase fees.</a></p></center> Coinbase offers a really easy "idiot proof" service to buy coins and track their value, however these methods have *really* high fees, especially if you are using a credit card rather than a bank transfer. Coinbase is actually tied to a popular exchange called GDAX. Using your Coinbase account you can login to [GDAX](https://www.gdax.com/), and then deposit your fiat directly to your GDAX wallet for free, and then use it to trade for BTC, LTC or ETH with much lower fees than on coinbase. ### Exchanges are scary If you are already a seasoned trader you can probably skip this bit, but I feel like it's really important for people to know what they are looking at when they are first confronted with all of the flashing lights that an exchange can offer. If for no other reason than to try and help avoid someone making an expensive mistake*. <center><p style="font-size: 12px"> &#42; When <a href="https://www.bit-z.com/trade/ark_btc">Bit-Z</a> first listed ark, someone bought 1 ARK (~$3) for 0.3 BTC (~$1900).</p></center> The important bits to observe are the current market value (the value a coin last sold at), the volume (how many coins were sold in a period), and the order book that contains all of the buy and sell orders. ![GDAX](https://cdn-images-1.medium.com/max/1600/1*vvn2Dq4z4YZA1qkrzdov8Q.gif) Every exchange has a different interface but they mostly have these key elements in some form or another. GDAX for example (shown above) has the market value shown with a line graph and [candleticks](https://www.investopedia.com/terms/c/candlestick.asp), behind that is the bars representing the volume (number of transactions in that period), while just below that is a visual representation of the order book. The order book can also be seen in more detail on the left panel. The red half of the order book represents sell orders, each entry is someone wanting to sell an amount of coin for a given price. The green side is the opposite it's people wanting to buy. The gap between the two is known as the spread. To buy some coins you need to setup a buy order. Your first option is to buy at market value which means the order will be instantly filled with the cheapest available sell offers. Alternatively you can place a limit order at a certain value that you believe the currency will drop to. You would then have to wait for someone to be willing to buy the coin at that value and fulfill your order. Selling is essentially the exact same process in reverse, the only important thing to remember is to try and sell at a price higher than you paid! There are more options, but those are the simplest and I think this is going to be long enough already so I better not go into too much more detail! Once your order is filled you will now be able to see your coins in your wallet on GDAX. I recommend buying a test amount of Bitcoin first of a value you are 100% okay with losing. With this you can test out the rest of the process of investing and cashing out, before committing real money. ### Wallets and security Now that you are the proud owner of some crypto currency, you might want to consider how best to store it. Due to the nature of blockchain technologies, the owner of a private key for the currency address has complete (fairly) untraceable access to the coins in the address. Meaning that if someone were to take your private key, or you were to lose it, the coins are gone. *Forever*. Because of this I decided to invest in a hardware wallet, what is effectively an encrypted USB stick with some accompanying software designed solely for the purpose of securely storing your private keys to your wallets. The advantages of a hardware wallet are that your coins are not stored on a device that is connected to the internet (not even electricity!) which means that to get to the private keys, you would need to physically steal the device *and* beat the passphrase or seed out of the owner. I opted for a [KeepKey](https://www.keepkey.com/), however I think I would now recommend a [Ledger Nano S](https://www.ledgerwallet.com/products/ledger-nano-s) as the KeepKey only supports a very limited number of coins, whereas the Ledger has been more widely adopted and has seemingly much better support for new coins. ![KeepKey](https://icdn3.digitaltrends.com/image/keepkey-2.jpg?ver=1) The downside of a hardware wallet is that if you want to make a trade, you have to first move the coins from the hardware wallet to your wallet on the exchange, which can take a while in the case of Bitcoin. This can prevent you from trading sometimes if you only have an hour of free time and see that you want to sell *right now* but your coins are locked away, it can be very frustrating. However coins stored on an exchange are subject to attacks from the whole internet and in the past exchanges have gone rogue and taken customers coins, so it's a risk you have weigh up and decide what will work best for you. Personally when we are talking about large amounts of money I would much rather trust my coins to be physically stored offline, so I would recommend getting a hardware wallet. ### What to buy? Altcoins? I recommend that your first purchase is in Bitcoin, this is because bitcoin enables you to enter many other markets for what are known as "altcoins", essentially "any other coin but bitcoin". The biggest ones are currently Ethereum, Litecoin, Ripple and Monero, however there are literally thousands of others out there. Some exchanges will have fiat/altcoin markets where you can buy altcoins, GDAX has LTC and ETH listed, however to get the lesser known alts you will need to find a BTC/altcoin market on another exchange. Once you have found an exchange with the market you want, say BTC/XMR, you can send your BTC from your wallet to your wallet on the new exchange and begin to trade BTC for your alt of choice. This is all well and good, but why would you want alts in the first place? Well for a variety of reasons, altcoins all offer some unique opportunity, some like Monero (XMR) offer complete and total privacy while others like Ark offer lighting fast transaction times and [smart bridges](https://blog.ark.io/what-is-the-ark-smartbridge-and-how-does-it-work-1dd7fb1e17a0). Every different coin aims to find a niche in the market, and some niches might suit your interests more than others. ![Altcoins](http://goodbyematrix.com/wp-content/uploads/2017/05/altcoins.png) The other main reason to look into altcoins is that when compared to BTC they are even less stable, and can offer exponential gains. It's not uncommon to see a coin gain 20% or 30% of it's value in a single day, which if you are paying attention can lead to some quick profits. Another way of looking at it is as a more long term bet, IOTA for example is an ambitious project not based on blockchain but a [tangle](https://iota.org/IOTA_Whitepaper.pdf), and it aims to be *the* currency for the future of IoT (Internet of Things) devices. The world of IoT is a long way off, but something like IOTA might be part of making it happen. I'm not recommending investing in IOTA right now, it has some technical issues that put me off for the time being, but it is a nice example of an altcoin that could be seen as an investment in the future. ### Gee golly there is a lot of numbers! One of the most difficult parts of building a crypto portfolio is keeping a track of everything, and being able to monitor how the markets are doing. First of all *the* place to go for getting the bigger picture of how different coins are performing, what exchanges they are listed on and links to their wesbites and wallets is [coinmarketcap.com](http://coinmarketcap.com). I use an [android widget](https://play.google.com/store/apps/details?id=bitcoin.bitcoincryptopricewidgets) on my home screen that pulls data from their API's so that I can stay up to date. ![Coinmarketcap](https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmXVnjDUp7h41pJA6fWTxKaVvofNbMYufBT9bE3xMbKSoh) If you were to just keep your coins on one exchange it would be fairly simple to keep a track of their value (provided the exchange has a nice interface), however I quickly found myself in a position of owning several different currencies from a variety of exchanges, each with their own wallets and passphrases. Thankfully there is a solution to this quandry, it does take a bit of manual effort on your part, but if you sign up for [cointracking.info](http://cointracking.info) you can enter all of your transactions on all of the different exchanges, and they will keep a track of their value and any gains (or losses) you make. To import your trades you just need to go to "Enter Coins > Exchange Imports > Your Exchange" and follow the instructions. It's a bit different for every exchange but the basic process is logging into the exchange and exporting your trades as a CSV and then re-uploading it cointracking.info for processing. You can then see your entire portfolio in one place with some really nice visualisations of how it has performed over time. I also installed their android app and widget to allow for instant updates whenever I look at my phone. ### Now you should actually invest something If you have made it this far and are still interested in this curious little world, I recommend you give it a try. Start with buying some BTC, put half of it on your (hardware) wallet for safe keeping, then use the rest to try out some altcoins. Update your portfolio on cointracking, make sure your coins are secure on your (hardware) wallet(s), then sit back and [hodl](https://bitcointalk.org/index.php?topic=375643.0) on for dear life. Or don't, you can try your hand at day trading your coins to try and maximise any gains you stand to make. I think this is a fine art that requires a lot of time and attention. I've dipped my toes in a few times and I've been burned every time, usually because to trade effectively you need to be able to sit down for a day and give it your undivided attention, which isn't something I've been able to do lately. If you fancy giving it a go I recommend starting with a small amount and picking a coin with a slightly lower transaction volume so it's easier to keep up. If trading isn't for you and you are happy with the process and have setup all the various accounts you need for being an astute investor, I think the best thing you can do is to just try and stay up to date with news in the crypto-sphere and be ready to make react to any big events. For example we recently had the [sudden cancellation of the BTC 2x hardfork](https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html) which threw the market into chaos, and was a great time to sell off some alts and buy BTC. Some resources I use for keeping in the loop are the [/r/CryptoCurrency](http://reddit.com/r/cryptocurrency) subreddit, which needs to be taken with a pinch of salt, some YouTube channels ([big list](https://redd.it/7ax5dc)) such as [Crypto Investor](https://www.youtube.com/channel/UCTKyJALgd09WxZBuWVbZzXQ), and slack channels for altcoins. These are particular good for more insider knowledge specific to a coin. The other thing you can do is to slowly expand your knowledge of what the different altcoins have to offer and how easy they will be to work with. A good place to start doing this is on coinmarketcap.com from there you can see some statistics and then click through to the project's website. There are four things to consider when evaluating a new coin, aside from just the numbers. 1. What problem does it solve with its tech? 2. How easy is it to buy / sell / store? 3. Who is behind the project? 4. What is the community around the project like? Finding the answers to these questions is a quick way to get a picture of how much you like the project, but always do your due diligence and read as much as you can. There are some projects like Bitconnect which are clearly pyramid schemes. Another dangerous area is with ICO's (Initial Coin Offerings), this is when a company offers a sale of its coins that have been pre-mined for dirt cheap, as a way to fund the future of their project. There have been many legitimate ICO's for excellent projects like Ark or Neo, however it's now seen as easy money and there are more and more ICO's being launched with dubious intentions. You can get an overview of how well (and how badly) some ICO's have done on [icowolf.com](http://icowolf.com). ### Conclusions There is clearly a lot to take in, so if it all seems too much I wouldn't blame you; go and buy a house it will probably do you better in the long run, although I've heard that isn't exactly simple either! If you have enjoyed this however and want to learn more, I hope that this post has given you a solid starting point on how to get setup, and will help you to avoid making some of the mistakes I've made along the way. For the purposes of full disclosure I currently only hold BTC, LTC and Ark, of which you can tip me a beer at any of these addresses! BTC | 15FYeMgQsETViUcc8JtSmoHmCAmADy2Ymn LTC | LVdVyd3R1S719ZRApaAY1RgLJ5vYgEGGxW ARK | ANKmYTHV7QdkcLz2R65uMzEvcRRdz2iRQm :wq
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      "author": "bag-man",
      "permlink": "how-i-got-started-in-crypto-investing-and-what-i-learned",
      "title": "How I got started in crypto investing and what I learned",
      "body": "As I've recently become an adult with a proper job, for the first time in my life I have had an income that covers more than just food and rent. This revelation prompted me to consider how best to invest my surplus income and make the most of the savings I had been able to accrue. \n\nThere are many options out there, and the most long-term-saving-for-the-future-sensible option would probably be to save up for a deposit on a house and start renting it out to pay off the mortgage which would provide a long term cash producing asset that could fund retirement plans, or even begin to fund future investments or ventures. \n\n![Bitcoin banner](https://www.bitcoin.com/wp-content/uploads/2017/03/what-is-bitcoin-story.jpg)\n\nHowever I'm still one of those young techy types, so my eyes were drawn to crypto currencies as it's something that I have had experience with before*, and it is an extremely interesting technology to try and get to grips with. In learning about crypto I feel like I am investing more than money as the skills learned from trading will be applicable to the stock market and the lessons learned about crypto could be a great part of a CV in the future, especially if blockchain technologies becomes as mainstream as it is hyped up to be. \n\n<center><p style=\"font-size: 12px\"> &#42; I was mining BTC with my 5870's back when BTC was < $200. Sadly I think I spent it all back then!</p></center>\n\nFor the last few months I have ventured into this space and put my real money on the line. Along the way I have learned a lot about how best to approach investing as well as a tonne of practical advice. So in this article I hope to share some of these tips and guide you through how best to get setup. \n\nI won't really comment on strategies for investing or trading, I'm far too new to this to world for my opinion to be of any value! What I will focus on is how to get to a point where you can start trading and investing with ease and security. \n\n### Sell Walls, Smart Contracts & Whales\nOne barrier to entry with the crypto world is the huge amount of jargon to learn, both from the technical side and from the trading side. For trading terms a lot of them are going to be identical to the stock trading world, so if you are familiar with that you will have a nice leg up. \n\nHowever if you aren't so sure on what an order book is or what a limit order entails, and want to get some definitions, I've found that looking up a term on [investopedia](https://www.investopedia.com/terms/l/limitorder.asp) has been really helpful. \n\nFor the tech side of things, it gets a little more tricky as every crypto currency will not only have it's own technical differences to all the others, but will also have it's own branding and marketing. The best way to start understanding it, is to really get to grips with how Bitcoin works, as it was the foundation that all future coins have been built on. \n\n![Blockchain explain](https://www.comptia.org/images/default-source/advocacy/what-is-blockchain-technology.jpg?sfvrsn=0)\n\nI've looked at many resources that try to help and explain Bitcoin, but none have matched [this video](https://www.youtube.com/watch?v=bBC-nXj3Ng4) by [3Blue1Brown](https://www.3blue1brown.com). I highly recommend you watch it and do some reading on how Bitcoin and Ethereum work, and how they differ. \n\nEven if you are coming to crypto just to invest, and have no real interest in the technology, it is worth doing, as looking at the viability of a coin based on its technical merit is a key step in assessing whether it is a good investment or not.\n\n### Turning \"real\" currency into crypto currency\nOne of the other barriers to entry is finding a way to buy Bitcoin easily and safely. There are a few options out there, such as [localbitcoins.com](https://localbitcoins.com/) that are just for the sale of BTC, or alternatively most exchanges will have some system to allow you to transfer money to be used as fiat*.\n\n<center><p style=\"font-size: 12px\"> &#42; fiat is a term used to describe \"real world\" money, used to by assets. <a href=\"https://www.investopedia.com/terms/f/fiatmoney.asp\">Investopedia definition.</a></p></center>\n\nPersonally the best way I have found to do this step is to sign up to [Coinbase](https://www.coinbase.com/) and go through their full verification process. This allows you to transfer money directly from your bank to your coinbase fiat wallet and back with zero fees*. Now that you have fiat it is time to buy some coin!\n\n<center><p style=\"font-size: 12px\"> &#42; Well there is a £0.15 fee to transfer out! <a href=\"https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees\">Coinbase fees.</a></p></center>\n\nCoinbase offers a really easy \"idiot proof\" service to buy coins and track their value, however these methods have *really* high fees, especially if you are using a credit card rather than a bank transfer. Coinbase is actually tied to a popular exchange called GDAX. Using your Coinbase account you can login to [GDAX](https://www.gdax.com/), and then deposit your fiat directly to your GDAX wallet for free, and then use it to trade for BTC, LTC or ETH with much lower fees than on coinbase. \n\n### Exchanges are scary\nIf you are already a seasoned trader you can probably skip this bit, but I feel like it's really important for people to know what they are looking at when they are first confronted with all of the flashing lights that an exchange can offer. If for no other reason than to try and help avoid someone making an expensive mistake*. \n\n<center><p style=\"font-size: 12px\"> &#42; When <a href=\"https://www.bit-z.com/trade/ark_btc\">Bit-Z</a> first listed ark, someone bought 1 ARK (~$3) for 0.3 BTC (~$1900).</p></center>\n\nThe important bits to observe are the current market value (the value a coin last sold at), the volume (how many coins were sold in a period), and the order book that contains all of the buy and sell orders.\n\n![GDAX](https://cdn-images-1.medium.com/max/1600/1*vvn2Dq4z4YZA1qkrzdov8Q.gif)\n\nEvery exchange has a different interface but they mostly have these key elements in some form or another. GDAX for example (shown above) has the market value shown with a line graph and [candleticks](https://www.investopedia.com/terms/c/candlestick.asp), behind that is the bars representing the volume (number of transactions in that period), while just below that is a visual representation of the order book. The order book can also be seen in more detail on the left panel. The red half of the order book represents sell orders, each entry is someone wanting to sell an amount of coin for a given price. The green side is the opposite it's people wanting to buy. The gap between the two is known as the spread. \n\nTo buy some coins you need to setup a buy order. Your first option is to buy at market value which means the order will be instantly filled with the cheapest available sell offers.\n\nAlternatively you can place a limit order at a certain value that you believe the currency will drop to. You would then have to wait for someone to be willing to buy the coin at that value and fulfill your order.\n\nSelling is essentially the exact same process in reverse, the only important thing to remember is to try and sell at a price higher than you paid! \n\nThere are more options, but those are the simplest and I think this is going to be long enough already so I better not go into too much more detail!\n\nOnce your order is filled you will now be able to see your coins in your wallet on GDAX. I recommend buying a test amount of Bitcoin first of a value you are 100% okay with losing. With this you can test out the rest of the process of investing and cashing out, before committing real money.\n\n### Wallets and security\nNow that you are the proud owner of some crypto currency, you might want to consider how best to store it. Due to the nature of blockchain technologies, the owner of a private key for the currency address has complete (fairly) untraceable access to the coins in the address. Meaning that if someone were to take your private key, or you were to lose it, the coins are gone. *Forever*. \n\nBecause of this I decided to invest in a hardware wallet, what is effectively an encrypted USB stick with some accompanying software designed solely for the purpose of securely storing your private keys to your wallets. The advantages of a hardware wallet are that your coins are not stored on a device that is connected to the internet (not even electricity!) which means that to get to the private keys, you would need to physically steal the device *and* beat the passphrase or seed out of the owner. \n\nI opted for a [KeepKey](https://www.keepkey.com/), however I think I would now recommend a [Ledger Nano S](https://www.ledgerwallet.com/products/ledger-nano-s) as the KeepKey only supports a very limited number of coins, whereas the Ledger has been more widely adopted and has seemingly much better support for new coins. \n\n![KeepKey](https://icdn3.digitaltrends.com/image/keepkey-2.jpg?ver=1)\n\nThe downside of a hardware wallet is that if you want to make a trade, you have to first move the coins from the hardware wallet to your wallet on the exchange, which can take a while in the case of Bitcoin. This can prevent you from trading sometimes if you only have an hour of free time and see that you want to sell *right now* but your coins are locked away, it can be very frustrating. \n\nHowever coins stored on an exchange are subject to attacks from the whole internet and in the past exchanges have gone rogue and taken customers coins, so it's a risk you have weigh up and decide what will work best for you. Personally when we are talking about large amounts of money I would much rather trust my coins to be physically stored offline, so I would recommend getting a hardware wallet. \n\n\n### What to buy? Altcoins?\nI recommend that your first purchase is in Bitcoin, this is because bitcoin enables you to enter many other markets for what are known as \"altcoins\", essentially \"any other coin but bitcoin\". The biggest ones are currently Ethereum, Litecoin, Ripple and Monero, however there are literally thousands of others out there. \n\nSome exchanges will have fiat/altcoin markets where you can buy altcoins, GDAX has LTC and ETH listed, however to get the lesser known alts you will need to find a BTC/altcoin market on another exchange. Once you have found an exchange with the market you want, say BTC/XMR, you can send your BTC from your wallet to your wallet on the new exchange and begin to trade BTC for your alt of choice. \n\nThis is all well and good, but why would you want alts in the first place? Well for a variety of reasons, altcoins all offer some unique opportunity, some like Monero (XMR) offer complete and total privacy while others like Ark offer lighting fast transaction times and [smart bridges](https://blog.ark.io/what-is-the-ark-smartbridge-and-how-does-it-work-1dd7fb1e17a0). Every different coin aims to find a niche in the market, and some niches might suit your interests more than others. \n\n![Altcoins](http://goodbyematrix.com/wp-content/uploads/2017/05/altcoins.png)\n\nThe other main reason to look into altcoins is that when compared to BTC they are even less stable, and can offer exponential gains. It's not uncommon to see a coin gain 20% or 30% of it's value in a single day, which if you are paying attention can lead to some quick profits. Another way of looking at it is as a more long term bet, IOTA for example is an ambitious project not based on blockchain but a [tangle](https://iota.org/IOTA_Whitepaper.pdf), and it aims to be *the* currency for the future of IoT (Internet of Things) devices. The world of IoT is a long way off, but something like IOTA might be part of making it happen. I'm not recommending investing in IOTA right now, it has some technical issues that put me off for the time being, but it is a nice example of an altcoin that could be seen as an investment in the future. \n\n### Gee golly there is a lot of numbers!\nOne of the most difficult parts of building a crypto portfolio is keeping a track of everything, and being able to monitor how the markets are doing. First of all *the* place to go for getting the bigger picture of how different coins are performing, what exchanges they are listed on and links to their wesbites and wallets is [coinmarketcap.com](http://coinmarketcap.com). I use an [android widget](https://play.google.com/store/apps/details?id=bitcoin.bitcoincryptopricewidgets) on my home screen that pulls data from their API's so that I can stay up to date. \n\n![Coinmarketcap](https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmXVnjDUp7h41pJA6fWTxKaVvofNbMYufBT9bE3xMbKSoh)\n\nIf you were to just keep your coins on one exchange it would be fairly simple to keep a track of their value (provided the exchange has a nice interface), however I quickly found myself in a position of owning several different currencies from a variety of exchanges, each with their own wallets and passphrases. \n\nThankfully there is a solution to this quandry, it does take a bit of manual effort on your part, but if you sign up for [cointracking.info](http://cointracking.info) you can enter all of your transactions on all of the different exchanges, and they will keep a track of their value and any gains (or losses) you make. \n\nTo import your trades you just need to go to \"Enter Coins > Exchange Imports > Your Exchange\" and follow the instructions. It's a bit different for every exchange but the basic process is logging into the exchange and exporting your trades as a CSV and then re-uploading it cointracking.info for processing. \n\nYou can then see your entire portfolio in one place with some really nice visualisations of how it has performed over time. I also installed their android app and widget to allow for instant updates whenever I look at my phone. \n\n### Now you should actually invest something\nIf you have made it this far and are still interested in this curious little world, I recommend you give it a try. Start with buying some BTC, put half of it on your (hardware) wallet for safe keeping, then use the rest to try out some altcoins. Update your portfolio on cointracking, make sure your coins are secure on your (hardware) wallet(s), then sit back and [hodl](https://bitcointalk.org/index.php?topic=375643.0) on for dear life. \n\nOr don't, you can try your hand at day trading your coins to try and maximise any gains you stand to make. I think this is a fine art that requires a lot of time and attention. I've dipped my toes in a few times and I've been burned every time, usually because to trade effectively you need to be able to sit down for a day and give it your undivided attention, which isn't something I've been able to do lately. If you fancy giving it a go I recommend starting with a small amount and picking a coin with a slightly lower transaction volume so it's easier to keep up. \n\nIf trading isn't for you and you are happy with the process and have setup all the various accounts you need for being an astute investor, I think the best thing you can do is to just try and stay up to date with news in the crypto-sphere and be ready to make react to any big events. For example we recently had the [sudden cancellation of the BTC 2x hardfork](https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html) which threw the market into chaos, and was a great time to sell off some alts and buy BTC. \n\nSome resources I use for keeping in the loop are the [/r/CryptoCurrency](http://reddit.com/r/cryptocurrency) subreddit, which needs to be taken with a pinch of salt, some YouTube channels ([big list](https://redd.it/7ax5dc)) such as [Crypto Investor](https://www.youtube.com/channel/UCTKyJALgd09WxZBuWVbZzXQ), and slack channels for altcoins. These are particular good for more insider knowledge specific to a coin.\n\nThe other thing you can do is to slowly expand your knowledge of what the different altcoins have to offer and how easy they will be to work with. A good place to start doing this is on coinmarketcap.com from there you can see some statistics and then click through to the project's website. There are four things to consider when evaluating a new coin, aside from just the numbers. \n\n1. What problem does it solve with its tech?\n2. How easy is it to buy / sell / store?\n3. Who is behind the project?\n4. What is the community around the project like?\n\nFinding the answers to these questions is a quick way to get a picture of how much you like the project, but always do your due diligence and read as much as you can. There are some projects like Bitconnect which are clearly pyramid schemes. \n\nAnother dangerous area is with ICO's (Initial Coin Offerings), this is when a company offers a sale of its coins that have been pre-mined for dirt cheap, as a way to fund the future of their project. There have been many legitimate ICO's for excellent projects like Ark or Neo, however it's now seen as easy money and there are more and more ICO's being launched with dubious intentions. You can get an overview of how well (and how badly) some ICO's have done on [icowolf.com](http://icowolf.com).\n\n### Conclusions\nThere is clearly a lot to take in, so if it all seems too much I wouldn't blame you; go and buy a house it will probably do you better in the long run, although I've heard that isn't exactly simple either! \n\nIf you have enjoyed this however and want to learn more, I hope that this post has given you a solid starting point on how to get setup, and will help you to avoid making some of the mistakes I've made along the way. \n\nFor the purposes of full disclosure I currently only hold BTC, LTC and Ark, of which you can tip me a beer at any of these addresses!\n\n    BTC | 15FYeMgQsETViUcc8JtSmoHmCAmADy2Ymn \n    LTC | LVdVyd3R1S719ZRApaAY1RgLJ5vYgEGGxW \n    ARK | ANKmYTHV7QdkcLz2R65uMzEvcRRdz2iRQm\n\n:wq",
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