167 – Blowing Bubbles With Bitcoin And All Of His Friends

This podcast focuses on two questions:

How do you buy and sell digital currencies?

Should you?

Some links mentioned:

Coinbase – How I buy Bitcoin, Ethereum, and Litecoin. Coinbase is a U.S. based exchange and very professional. I can then store them on Coinbase, send them to a paper wallet, or send them to other exchanges to buy other digital currencies.

Shapeshift.io and Changelly.com are great places for converting from one currency to another.

Bittrex is another U.S. based exchange that offers access to a large number of currencies.

I probably buy most of my digital currencies by buying Bitcoin or Ethereum on Coinbase, then transferring them to Shapeshift, Changelly, or Bittrex. I then can use them to buy other currencies.

Coinmarketcap.com is the standard for seeing coin pricing, finding coin websites, finding markets/exchanges, etc.

Myetherwallet.com is where I create my Ethereum (can also be used for ERC20 tokens built on Ethereum platform) paper wallets. Always be careful to make sure you go to the right sight as there are many phishing scams out there.

Bitcoinpaperwallet.com is where I create my Bitcoin paper wallets. Always be careful to make sure you go to the right sight as there are many phishing scams out there.

As mentioned in the podcast, I think prices (August 2017) are very inflated in the digital currency space right now and expect a major correction/crash at some point.

I don’t know when this will happen (and *could* be wrong), but I fully anticipate it will. That will mark the best time to buy. The age old wisdom of averaging in and being sober holds true.

This is all for information purposes, no investment advice.
Check out this episode!

Family Investor