*INTRODUCTION TO BITCOINS AND CRYPTO-CURRENCIES FOR NEW USERS AND HOW TO GROW WEALTH
If you are recent in the Bitcoin world, you may have been quite confused by the Terms and procedures associated with crypto-currencies.
LUNO(formerly BitX) is a well registered digital currency company that provides Bitcoin wallet and exchange services.
NEUTCOIN click here (Swap wallet as everyone knows it) is an online wallet service that is capable of interswapping currencies to generate margin profits.
If you’ve got listed, want to trade Bitcoin or want to buy Bitcoin, DO NOT make another trade until you read this!
Buying and selling bitcoins is practically a safe and easy way to try and make good money with bitcoin.
The value of the currency fluctuates so much each day, that it’s a perfect target for traders.
The volatile nature, makes Bitcoin a perfect market for trading.
It’s bit of risk, high reward and super exciting because absolutely no one knows how high or low this coin can go. Lots of cash to be created in commercialism bitcoin.
I will show you the safe ways to trade and give you some great lessons on how to do it safely and also using LUNO and NEUTCOIN wallets.
NEUTCOIN and LUNO has the best and simplest system design and interface. Anyone who can operate a smartphone can use them. And if you own a smartphone or portable computer, you should venture into this.
This will serve as basic advice and a guide to help introduce you to digital currencies and how to make wealth from them.
WHAT IS BITCOIN?
Basically cryptographic currencies are digital forms of money, which means that they are scarce, valuable and transferable (primary characteristics of money) as well as effective but with distinctive property that they are easy to transfer and are not controlled by any body.
HOW TO CREATE BITCOIN WALLETS
It’s pretty easy to earn bitcoins as a new user; It is advised to use Fluid wallets.
Fluid-wallets are different from static wallets because they are able to
swap your assets to the most progressive form at every point in time.
Your assets always appreciate and can not depreciate because all the crypto-currencies do not be depreciate or appreciate at the same rates.
A fall in one triggers a rise in another.
Hence by interswapping them correctly you can key into this volatility to make profits off them.
You will also need to create a LUNO or COINBASE or PAXFUL, REMITANO etc, account for buying or exchanging bitcoins for money.
For this guide, I am going with LUNO since it is easier and more accessible to new USERS especially those from non European countries.
You can adapt this part to work with coinbase or whatever services you use.
Create a luno wallet with your correct details from click here
or using the mobile app.
(1) So you buy bitcoins from luno and transfer it to your Fluid-Wallet you
created at neutcoin.info
Give it few weeks of swapping and transfer the margin profits to your luno wallet again;
from there, you can then withdraw directly to your local bank account.
The basic idea is to store your bitcoins in a Fluid Wallet so they are constantly inter-swapped hence appreciate in value; you also get a unique address with which you use to receive bitcoins directly to your neutcoin wallet.
Fluid-Wallets are used just like regular bitcoin wallets and can be used to receive and send bitcoins.
NB: I choose NEUTCOIN Fluid wallet here because it’s easy to use and understand especially for new users.
(2) another method is forex trading:
this requires cutting edge experience at market predictions.
If you don’t know what you are doing, don’t even go there.
But basically, you use your experience to predict which currency will go up or fall at what time. Then you know when to sell or buy.
(3) Other methods are ICO (initial offers of coins). New coins are usually
Very cheap at first, if you buy cheap and wait, the value may increase later in multiple folds.
In which then you sell it for profit, but it’s quite dicey since you do not know
The currency will go up or down and you may end up losing.
(4) Bitcoin faucets are a reward system, in the form of a website or app, that dispenses
rewards within the kind of a satoshi, which is a hundredth of a millionth BTC, for visitors to
claim in exchange for finishing a captcha or task as delineated by the web site.
There are also faucets that dispense alternative crypto-currencies.
the reward is very meager compared to the effort and time
invested so its not worth it except you just wanna have fun.
So that’s it. Wish you all the best in this new world of adventure.