Hi there .
I wrote my first article 8 days ago and in that time Bitcoin and Ethereum have both shed huge equity and then gained it all back and then some! If you want to understand volatility my suggestion to you is to open and fund a wallet. This article will give you loads of info on wallets, don't click here now finish the article... :) Go and see what it takes to fund and downlaod exchanges and wallets, in the US Easy Peaszy unlike Africa, in some countries you gotta do loads of hand stands! https://steemit.com/bitcoin-exchange/@arnoldwish/the-best-bitcoin-exchanges-of-2017-buy-bitcoin-with-paypal-credit-card-or-debit-card
here is my advice, Buy $100 of BTC and $100 of ETH and sit and watch that puppy for a month. Get to understand what happens when the Crypto Markets decide to act on human emotion... Take the two charts below of ETH and BTC you can see what volatility looks like, these are 4 hours charts which means each candle represents a four hour period of trading. Both of those charts are over a 50 day plus period.
Now anyone can see that the range of the price moved between the drawn lines - these are called trend lines. There are some people who trade #CryptoCurrencies and #Altcoins that is way to risky for me. Not my cup of tea. I do dabble in a little Forex trading but that is were i draw line. I just wanted to illustrate the movement of the price with the charts below. To indicate that you can track price action to a certain extent, and if you can track price action then you can BUY low and HOLD. And that investment will grow as the value of the asset grows. ie. Bitcoin has risen from $280 a coin when i started investing to today's price $2820 at time of writing.
If you look at the charts below you will see that the trend is UP. These are daily charts of Bitcoin and Ethereum.
I use Coinbase on the btcvcurrency page - and if any of you get a wallet and fund through this link we will both score some BTC -
https://www.coinbase.com/join/5929b969b3abca04dd03aaa7
***This is where i raise my hand in the World Of Crypto and shout.....STOP!!! ***** Disclaimer Time - I am not a financial guru or a crypto guru - do your own DD = Due Diligence... lets pick it up again.
In the last 6 months in Southern Africa there has been an explosion of investors and speculators in this space and the amount of people that are starting to get their first exposure to crypto are very quickly learning that volatility can be your friend when you buying low and holding. Or buying mining equipment so that you can actually mine the Product called Bitcoin.
That will be my next posting on how you can invest in a mining contract and you can watch and learn at the same time. if you would like to know more about the mining side please just post in the comments below.
Thanks for taking the time to read i hope you all received value,
Peace out
Gary
