Im Coming Home wrote:Someone give me a legit guide on how to do this. I would love to make some extra money just swinging cryptocurrency but I don't even know where to really begin.
I just don't see how other cryptocurrency can really blow up in price like Bitcoin because they would need the same publicity as bitcoin and that really ain't gonna happen in my opinion.
I can give you the basics of entering the market. You're better off using google to find out more about what cryptocurrency/block chain technology actually is and why it's blowing up. Bitcoin is definitely not the only one blowing up
There are 2 major cryptocurrencies at the moment in bitcoin and ethereum. You can buy these two currencies with your USDs via exchanges. For example there is coinbase, which was recommended in this topic. There's also gdax, like robillionaire stated, which is owned by coinbase and has lower fees but requires SSN which you might not be comfortable with.
Aside from the major currencies are altcoins. To buy various alt coins you go on other exchanges such as Binance and use your bitcoins or ethereum to buy alt coins.
Another way to get coins is to mine them with a computer. I don't think you can do this with any old computer effectively. Most miners obtain mining computers with specialized components like stronger graphics cards and whatnot to mine coins. Mining coins also uses a decent chunk of energy. Not sure if mining is as lucrative as it once was. If you're like many new yorkers who dont pay for electricity /have a fixed rate then it might be worth it for you.
You also can store your currencies in a "wallet" which is either on your computer or an actual piece of hardware (which protects you from hackers)
Reddit or other sites probably has in depth guides which you should definitely check out before you get serious about this.
