Home » Bitcoin & Litecoin First Trades: Strolling Through The Mine Field by Anthony Herbst
Bitcoin & Litecoin First Trades: Strolling Through The Mine Field Anthony Herbst

Bitcoin & Litecoin First Trades: Strolling Through The Mine Field

Anthony Herbst

Published December 7th 2013
ISBN :
ebook
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 About the Book 

When I became interested in Bitcoins I found little guidance about how to buy or sell them, how to use them for purchases or sending money to others. Instead I found a confustion of information and ranges of price suggesting that the online marketMoreWhen I became interested in Bitcoins I found little guidance about how to buy or sell them, how to use them for purchases or sending money to others. Instead I found a confustion of information and ranges of price suggesting that the online market has participants who appear to disagree on prices, methods of payment, methods of delivery and more. It took me several weeks to learn enough to be comfortable buying Bitcoins.Sending significant money to others in distant places is something to think carefully about before doing it. After some false starts, and one purchase canceled by the seller that took away a large capital gain coming to me, I settled on how to safely purchase Bitcoins. What I learned applies to Litecoins also. After talking to former colleagues and others who are computer literate, generally well informed, and intelligent I concluded that there is a lot of misunderstanding about these notilnal currencies that fosters fear about investing in them or using them in any way.Now that I am comfortable with the methods that I use I want to share that knowledge. This is offered as guidance to avoid some of the methods of buying and selling that I believe are risky. It is not offered as an opinion of the long term viability of the currencies. I believe they have staying power, but only time will tell if that is true.