Info on crypto

Welcome to Bitcoin Davida!! This site is a guide to help make your cryptocurrency experience a little easier, and more enjoyable. Will try to share what ever pops up in mind at the time, that I feel will help you out. Maybe this is just a place for beginners and entry level people to find info, and check some charts. But there should be a little something for everybody if you look around.

Crypto

Going to share info on where, and what it entails to purchase your own Crypto Vending Machines!!
Links to help work your way through regulations.
Where to get the best Hardware Wallets. Anything else I see that’s cool and functional for the crypto community, will research, try it, and post about. Or if you see something new to the market, please feel free to share as well. I like learning about New ideas and projects, it’s good to be a student in life and have an open mind!!

Live Updates Here

Check The Prices And Read The Whitepapers!!

Where To Begin?

The best place to start in the crypto world in my opinion, is with Hardware Wallets, safety first. Protect your bitcoins from hackers, why risk losing them when you can store it safe. Look into Ledger Nano S and Trezor.

Research

Traveling

The other point I want to talk about is, having a piece of mind. If you’re traveling and don’t have your own personal computer, and worried about checking your account from a public space. You can plug these into any system even a dirty one.

Safety

The actual device for the Ledger Nano S or Trezor, have a separate screen. Actually let me back that up a sec. When buying a Ledger Nano S, make sure it says “S” in the description. The older models, dont have a screen on the device to put your password in on it. Which forces you to put your info in the main screen, over the possibly infected computer. That allows for hackers to watch what your doing, as your typing. So long story short, they made the Ledger Nano S. Which is one of the top rated hardware wallets on the market. But just want to make sure you order the correct one, with the S. (Update) They now have a Ledger Nano X as well.

Hardware Wallets

So yeah, they both have a screen for a reason. Just make sure the one you pick has one. On the Trezor I really like the size of the screen. The device is just a perfect layout. And as I’m writing this, Trezor at the moment has a preorder, for a New wallet. Called the Model T!! Looks elegant, and with their excellent reputation, I’m sure it will be just great. Myself, I really enjoy reading their blogs, it shows how much time and thought they put into each project. The Model T will start off with eight currencies and they say more to come. That is also exactly why I like to have each wallet, as was explaining earlier. Each wallet carries a few different varieties of coins and tokens. Also wanted say. off subject, is I add to this site a little bit here and there, kinda like a blog. So new info like the Model T happens so fast. the crypto world changes pretty quick, developing at a fast rate. It gives us more options. Excited to try it out.

Buying Bitcoin

Ok, let’s move on from wallets, because the next step your going to take probably, is purchasing Bitcoin or an Altcoin. At least it’s good to know places to be able to, if you want. There are a couple different routes, depending on which coin you're interested in. Sometimes it’s easier to just start off with buying bitcoin first, then exchanging it for what ever currency you like. Because they all are exchangeable with bitcoin. Sometimes you can exchange coins into ethereum pretty easy, because it mighta been an erc-20 Token. But some of the smaller altcoins, can trade with bitcoin usually. (Update) Easy solution from the future, is go to atomicwallet.io and swap coins or tokens a lot easier now:)

Picking An Exchange

Sooo picking an exchange. A question I get asked all the time. In some ways, this is the hardest suggestion. Everyone has an opinion, on why a certain one is bad or good. I’m not trying to hurt any exchanges feelings, if you are reading this. Just a blunt person over here, trying to guide people, in forming their own opinion.

Binance

Bitfinex

Poloniex

Bittrex

Coinbase

Coinbase Pro

Bitstamp

Mercatox

CoinOne

Kraken

Bithumb

Korbit

Regulations

A bunch of the exchanges have different regulations, and wont deal with u.s citizens, or certain states are blocked. That’s also the other reason I think cryptocurrencies will do well in the future. When the rest of the world is aloud to buy and sell, it’s going to be Big. But coinbase has been around for a while and is pretty trusted company. The selection is Bitcoin, Ethereum, and Litecoin. Also those are pretty much the same coins that are on most bitcoin atms. You will hear those names a lot, a long with Dash. Also I need to say, you do have to make sure you are “verified” on Coinbase or the transaction will take around 7 days to process. So make sure you get verified if you want immediate transaction. After typing this out, it made me think, Bitcoin Atms!! Are really the fastest, least hassle way to start in the crypto world. because you can just walk up, and have your Bitcoin in your wallet under 2 min. but, we are talking about exchanges at the moment and just giving options.

Trading

If Im doing day trading, the one thing about Coinbase probably why I dont use it more, is you have to buy for what ever price is listed. Im more into buying with Limit Orders. Meaning with limit orders, you can basically put in a bid. If it drops to that price then the sale goes through, could be a week tho before the sale happens, if it even happens, but. I like buying that way, seem to get some amazing deals from time to time. (Update) Coinbase did finally start a new site that has Limit Orders, and more detailed charts. It's called CoinbasePro, you use same login credentials as regular Coinbase account.

My favorite exchange, which not many will be able to purchase with if in the United States, because of regulations. It iss Bitfinex!! Some reason that is my favorite platform to trade on, had a chance to try it out!! They seem to have the best prices, the nicest charts, I actually used some of their charts for this website!

More Choices!

A few other sites that have a good selection in coins and tokens, with limit orders as well, is Poloniex, and Bittrex. (p.s they always say, dont leave any money long term on an exchange, to be on the safe side). I trade and buy off both those sites. Still like the mobile version the best on Bitfinex. I cant let it go, Bitfinex was my favorite haha. But both Poloniex and Bittrex have good mobile version and work fine. You can trade from your phone, on the beach if you like. Also when I say selection, there might be around 100 different coins on Poloniex. That is a bunch. Oddly tho, with that selection, I didnt see IOTA token on there, probably in the future tho.

More Research

Safe thought, just because somewhere has a good variety of coins, doesn't mean that those coins are good. You have to do a lot of research, and learn about the companies before investing. I personally like to see, if they actually offer a product, is the product out, or in a research development stage? What are their future plans? Who are they working with? Ask yourself all sorts of questions. Check reviews.

Social Media

I look at Reddit all the time and other social media. Like for example an excellent group on facebook is called #1 Bitcoin Group. Also dive into Twitter. Look in each place to see if the coin has it’s own group, or thread. Probably a Blog out there if they’re real. Loads of info to be found, once you start digging and know what to look for.

Top 10 List

Maybe start researching the Top 10 and Top 20 coins out there. But yes do look over the top 100 too, just to see where coins are at on the list. But I just want to make sure you all start off on the safe path first, and the top 10 and 20 list are usually safe bets, and real companies. Because everyday new coins are being born. There are over 1000 coins out today. Some real, some not.. (Update there are over 2,500 different coins now, as of Sep 2019)

Also another thought, I hear some people say they already missed the boat on Bitcoin, and other Altcoins. Bologna, those where for sure some great prices over the years. But we are still at the party early. Most people don’t even know what cryptocurrency is. They think I’m playing Dungeons and Dragons or something. I try telling them this is a new currency actually lol.

So it’s good to move slowly, invest wisely, do research. Ya got time.

Random thought, sometimes when I’m yappin trying to explain a situation, it could go back and forth between Swing Trading , longer term investing, or maybe even day to day utility use. So ask yourself which you are looking to do. Some of this stuff may not apply to you.

ID's

A pretty common verification process, is you send in a pic of your I.D and credit card, also bank info needs to be approved.. This is where I’d rather have a third party involved, like have BitPay handle the deposits. So you don’t need to get your bank info involved, or give out all your personal information to each exchange. With BitPay it would be way safer I think for customers and less liability for the exchanges.

Charts

Good subject to get into are charts, there’s tons of great places to pick from. One that I like to check from time to time is...
(Update From The Future) Because here in the future, there are more varities of coins and tokens now, I tend to use Livecoinwatch a lot. (Of course our charts as well :) But it's all about sharing more knowledge and resources, they have a bunch of useful info all in one place, basically it's very convenient. So yes it has become a go to for me, a definite crypto tool that I'd like to share if ya didn't know about them. Sidenote, they're also one of the best responding companies out there, very friendly, and informative. It's good to point that stuff out.

You don’t have to be an expert at charts. But it is good to check them and see if you can recognize any patterns. Also I’m sure everybody hears people saying “why is the market so low” or “why the big crash” even when it’s just a little dip or a correction. So I think people would look at it different, if you check the Full History of the charts. Then maybe a year, then a few months, and so on till you get to it down to a day. A little bit of a time consuming research project. But I think you will see situations in a different perspective, if you check charts at all time frames. There are lots of good people to learn from on youtube as well. Try Brandon Kelly, his info is usually called Chart Like A Boss. He is one of the best I’ve seen for teaching Chart Techniques.

Well everyone, that seems like a good bit of info, with this hodge podge of knowledge here, you could now start to do a little trading, hopefully now with some more confidence and resources. Keep checking back here to see if info is updated or new blogs style articles have been posted. Thank you

* I will be back and update some more links in here and add more info.

Published 2017

Updated Sep 20, 2019

Updated Oct 2, 2019

Updated June 1, 2023