How to get Started with Cryptocurrency Like a Man
STEP 1: Get the Coinbase App
STEP 2: Connect it to your bank account and put Money (USD) into Coinbase. You can just buy BTC/ETH/LTC/BCH but you will save a few percent if you do USD instead. Don't use your credit card. It's a ripoff. You might have to wait a few days. That sucks but deal with it. This crap will nickel and dime you to death if you are stupid.
STEP 3: Log into GDAX.com with your coinbase credentials. Coinbase is for stupid people. Stupid people make us money. GDAX is coinbase for smarter people.
STEP 4: Buy $10 of BTC GDAX. You can even put a bid in and pay no fee. But on GDAX it is .25% instead of 3% on Coinbase (they increase the price by 1% and charge a fee when you buy through the app!)
Repeat and buy $90 on GDAX now you know what you are doing. You can even put a bid in at a lower price using a "limit buy"
STEP 5: Create an Account on an Exchange. I like Bittrex but it doesn't really matter. It's important to use different exchanges for this little wonder called arbitrage!! (I will hopefully make a video on that in the future)
STEP 6: Create a Bitcoin Address at the Exchange. (Easy)
STEP 7: Go to GDAX and withdraw. Withdraw to a Bitcoin address and paste the address from Step 6.
STEP 8: Wait for the bitcoin to arrive. This takes a while because bitcoin is so flipping successful, the network is overloaded.
STEP 9: Pick a currency, any currency. I'd go for one that is down at least 10%. Buy $10 of it (that's like .0005 BTC) or whatever the minimum order is. Now you know how to buy currency
STEP 10: Do the same thing but put in a lowball bid. Look at the chart and see what the lowest price for the currency was in a week. Put a bid in. This is a good way to make money.
STEP 11: Take the remaining money and buy the minimum bid of 8 currencies.
Step 12: Find a solid crytpo. I like SBD for the future and buy $10 a day or a week or a month. Whatever you can afford. This ensures that you will buy at the lows. Also, once a week, put in a low ball bid.
Step 13:
If you are really lazy, just buy the coin on Coinbase, but buy at least $10 at a time or you pay a high fee. Set the order to recur once per day, week, month or whatever. I would recommend Litecoin or Ether. I think litecoin will go up to $500 eventually, and Ether may go into the thousands.
The real money is in coins that are currently HARDER to buy. Once they become easy to buy, they go up big time.
There's a lot more to it than this, but you now know more than 99% of people.
If one of your coins goes up by 10x, you have all of your money back. Chances are very good that one of them will go up by 10-100x. I did this with 10 coins and they all went up! I made 9x my money in two weeks.
Any coin that gets listed on GDAX eventually goes up, because Coinbase make it easy to buy coins.