My name is Andrew. This is bit’o’coin, a weekly blog about bitcoin and cryptocurrency trading.
Now this is as new experience for me. I have researched, and continue to do so as I get ready to start trading. I have never traded before but am going to start with Coinbase. Interestingly, they only let you buy, or convert $1,000 US dollars at a time. I found out the hard way that it takes 1 to 3 business days to get started, so don’t expect to start trading Usain Bolt like.
The purpose of this weekly blog is to log my trading progression as I learn the ropes, and dive head first into the crazy world of cryptocurrency trading. I will blog about my experiences, reasons for buying or selling, strategy I used, or trends that were helpful. A wise man once told me that the best way to learn something is by doing it. That’s the goal: buy, sell, make money, and have a blast doing it.
I will be doing this with the help of my 11 month old daughter, whom I have the honor of spending everyday with. Together we will trade, write about the experience, and hopefully educate other great folks about the wild world of bitcoin. We are on twitter @bitocoin71 and we will be posting daily bitcoin and crypto information there as well, so if you crave information it’s available by the bunches.
Interesting fact of the week- A blue whale’s tongue alone can weigh as much as a full grown elephant.
Interesting fact about bitcoin for the week- a man named James Howell had $7.5 million dollars of bitcoin stored on a hard drive, and he accidentally threw it away in a landfill in welsh in 2013.