The Crypto Crazy World. After about 1 year of researching crypto currencies I finally have pulled the trigger. I set up an account on coinbase and purchased a few Litecoin. The difficulty now is that I'm trying to figure out how to buy and sell other Altcoins. I find the process a bit daunting when it comes to registration. After buying bitcoin in coinbase I'll then have to send it to another site just to sell my bitcoin so I can purchase an altcoin. If I want to cash in my altcoin I'll have to once again buy bitcoin and transfer that bitcoin back to coinbase in order to have the money sent to my bank account. Is there an easier process? Why doesn't coinbase accept other altcoins? They would make a bundle of money off of fees if they were to sell other altcoins. Maybe one day this will happen. In the mean time I'll just simply try and acquire Litecoin on Coinbase.
I've been happy so far with coinbase. Its pretty straight forward and user friendly. In the past I've been stuck "holding the bag" when it comes to Penny Stocks. I view Altcoins like Penny Stocks. I'm a little nervous seeing so much money go into these altcoins. If something dire happened to the crypto World it would be a serious blood bath. So, I'll play it safe and watch my Litecoin grow.
(image off of google imaging under the subject crypto confusion)
Good Luck to all of you out there trading altcoins. I hope you make a bundle of money. Just remember to be smart and take some money off of the table.