Episode 010: Altcoins and Crypto Investment Strategies

Welcome to the Crypto News Podcast Bootcamp Episode number 10!

Coming up in today’s show:

  • Why Bitcoin isn’t the only digital currency
  • The crypto-currencies to watch
  • Have you thought about become a crypto venture capitalist?

Watch on YouTube

Listen on Libsyn

1) A very small selection of cryptos:

Altcoins

2) Simple descriptions of the top 100 cryptos:

3) There are loads of coins … let’s take a look at some of them on https://coinmarketcap.com/

4) Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the Price by the Circulating Supply.Market Cap = Price X Circulating Supply.

4) They all need different wallets – not all are available on every exchange

5) Many will fail and sink without a trace

6) They’re not all about money – Blockchains can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights. Blockchain technology was popularised by the Bitcoin digital currency system. But, essentially, a blockchain is just a special kind of database. [Source: theconversation.com]

7) Three key ways to buy:

> Buy and hold for long term gains

HODL

> Buy and trade … sell on the highs, buy on the lows

> Become a ‘venture capitalist … buy lots of copins REALLY cheaply, when they’re launched … most of them will fail and die, maybe one or two will deliver huge returns. This is the ‘Dragon’s Den’ crypto technique.

8) My Steemit account: https://steemit.com/@paulteague/

9) How the technology behind bitcoin could change your life, even if you never buy a single coin: https://www.washingtonpost.com/news/the-switch/wp/2018/01/10/how-the-technology-behind-bitcoin-could-change-your-life-even-if-you-never-buy-a-single-coin/

10) Siam Kidd is the man whose course I bought/mastermind I joined: http://www.therealistictrader.com/cryptocourse/

11) The best advice I hear is to only invest amounts that you can lose without worrying at all … do not bet the shirt off your back – or your house – on cryptos