So I've been reading up on this whole cryptogame a couple days.
Is the following how you get started with trading cryptos?
1. Choose a good site and deposit money in order to buy BTC (or ETH)
2. Receive your BTC or ETH, and if the USD value of it is high enough for you, store it on a Ledger Wallet, such as Ledger Wallet - Ledger Nano S - Cryptocurrency hardware wallet for example
3. Use your BTC or ETH as the currency to trade all these alt coins, and when pocketing profits, convert the traded alt coin into the BTC or ETH and store it into your Ledger Wallet
4. Ride these alt coins exactly as you would with pennystocks - buy rumors and sell the news
... ? Or do I have it all fukked up ?
Btw, which exchanges do you gents use? Didn't Coinbase just go down or something, and wasn't it supposed to be the gold standard of the exchanges?
Is the following how you get started with trading cryptos?
1. Choose a good site and deposit money in order to buy BTC (or ETH)
2. Receive your BTC or ETH, and if the USD value of it is high enough for you, store it on a Ledger Wallet, such as Ledger Wallet - Ledger Nano S - Cryptocurrency hardware wallet for example
3. Use your BTC or ETH as the currency to trade all these alt coins, and when pocketing profits, convert the traded alt coin into the BTC or ETH and store it into your Ledger Wallet
4. Ride these alt coins exactly as you would with pennystocks - buy rumors and sell the news
... ? Or do I have it all fukked up ?
Btw, which exchanges do you gents use? Didn't Coinbase just go down or something, and wasn't it supposed to be the gold standard of the exchanges?