Crypto

[redraven937]

I have been working on a post about cryptocurrency off and on this week, but it never gets posted because the numbers get out-dated on an hourly basis. The short version is that after talking about Bitcoin's ascendance periodically, I went ahead and invested some money back in late October/November. And when it went up, I invested some more. And it

Comments

[ext_4432861]

so whats your going rate for 'heres my money - do that with it.'? ;)

p.s. - only half kidding

[redraven937]

I would not at all feel comfortable handling other peoples' money. :P

That said, I got started/still am using Coinbase. Once you get an account and connect it to a bank account (or credit card), you're good to go as far as buying in. The Coinbase fees make it so that day-trading is basically impossible (it's 1.5% in and out, or 3% with a credit card), but that's what you get for training wheels. Later on, if you really get into things, GDAX is the exchange based off of Coinbase and allows you to make zero-fee trades via Buy/Sell orders.

Seriously though, do not put money in unless you are comfortable waiting for 6+ months before possibly needing it back. There have been some wild swings the last few months, but a lot of that was driven by news stories. Especially with Bitcoin now having a futures market, it's possible the easy doubling is gone. I'm banking on Litecoin still having some upside, but we'll see.