Fellow Crypto Enthusiasts!
So we are all in it to make some money. So what if people say that crypto is the buzz word and it’s similar to the gold rush, people made tons of money during the gold rush and if we are smart enough we can make lots too.
I have been in the crypto space since Jul ’17 (yes I witnessed BTC drop to $1800) and I did make a decent amount in profit, so I thought I can help others make some money too.
If you have been trading for a bit, you should know that coinbase only has 4 coins – BTC, ETH, LTC and the newly added BCH so if you want to expand your portfolio to thousands of other coins you need to go beyond coinbase/gdax and step into other exchanges out there like bittrex, binance, etherdelta, poloniex, kukoin, hitbtc etc. Some of these exchanges have their own tokens like binance coin (BNB) & kukoin shares (KCS)
When I started trading, I began with bittrex. I did some reading and found about Binance and figured it had an initial coin offering. If I remember 1BNB was equivalent ~10 cents. I was really skeptical about investing any money in it. So I did some reading, found the concept interesting and decided to throw 1 ETH (approx. $300 at the time). I received around 1.5K BNB for half my ETH an when the exchange was launched I bought 1.5K BNB more since I wanted to use the remaing 0.5 ETH which was returned to me during ICO.
Fast forward a month and a half those coins were worth over $2 each which meant I had more than $6K from my initial investment of $300. That’s 20X my original investment. I was so happy with it that I sold all of them at that price. I was sure that coin could not grow beyond $3. At that point I did not want to be greedy. Barely did I know that I could have made 200X my initial investment at $0.1 BNB each, since BNB hit all time high (ATH) of $20 this month. Finally they had to suspend new registrations just like bittrex did due to significant increase in traffic. Relax! They resumed new registrations on 1/8/2017.
This is definitely hype and I regret selling my BNB for $2 only, but if you think about it the more people know about cryptos the more the demand is. Simple economics – more demand and limited supply leads to increase in price. So people who enter in these opportunities early can cash a lot.
Similarly people who bought KCS (Kukoin Shares) during ICO have made tons since it hit ATH of over $21 this month whereas the ICO Price was less than ~70 cents, that’s 30X your initial investment and still had a lot more room to grow.
Like any other average crypto trader I cannot keep up with new ICOs launching every other day, somehow cobinhood fell under my radar and I couldn’t get into it during ICO but I still don’t feel its late to get in it. They launched the exchange recently and at the moment the COB tokens are trending around $1.5 each. Right now you can only purchase COB and CMT on that exchange but they are adding more trading pairs on 1/12 and they will be adding many more trading pairs down the line. Here’s a screenshot from their twitter page.
This exchange is really at infancy so I am imagining at least 10X returns on it. I don’t want to bore you with the geeky stuff but feel free to check out their website and go through the white paper. Make sure you do your own research before investing (after all it’s your hard earned money). Here’s a snapshot of the exchange features.
You can check out their website and open an account at https://cobinhood.com/
Twitter - https://twitter.com/COBINHOOD
Reddit - https://www.reddit.com/r/cobinhood/
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Cheers!
TAG (@muhadar )