After a multitude of YouTube “explained” videos and actually purchasing a book on Amazon, the Cryptocurrency Investment Bible, I decided to simply get started by opening a Coinbase account. It was really easy, all I had to do was sign up and after verification of my identity and linking my bank or credit union account, I was off to the races. On Coinbase, you have access to purchasing of Bitcoin, Bitcoin Cash, Ethereum, or Litecoin, despite any current YouTube crypto-community vlog channel network of rumor control central. Thus far, all rumors of other alt-coins coming to Coinbase to raise the value of your flea-bitten dog-coins are simply that, rumors, which is just a nice way of saying unsubstantiated bovine excrement, A.K.A., “bullshit”, so don’t buy into it so easily. Heads up, I would recommend that if you’re going to get in on some of the action that you want to do your own research and don’t go believing just any YouTube Yahoo calling himself the crypto king or something or another, nor any Internet know-it-all-jackass like myself. Seriously, just because I’m a know-it-all-jackass who thinks he’s right all the time, doesn’t mean I know what in the hell I’m talking about.

Here’s the thing, though… With Coinbase, understand that it’s essentially just a wallet. You could call it a warm wallet, and you do your trading on GDAX,

but pretty much you’re only trading within what’s already available on Coinbase. Your advantage with Coinbase is that you can put fiat currency (USD$) directly into your USD wallet and you can keep your eye on the market before actually purchasing your cryptocurrency. Personally, I prefer Litecoin over either Bitcoin or Ethereum, mainly because it’s cheaper and faster to send. Ultimately, once I have my Litecoin, it’s usually bye bye Coinbase for us, because they seemed to thumb their noses at the Altcoins, which is where those crazy wild wild west frontier cryptocurrency fortunes are out there to be made.  However, I just read that GDAX has recently rebranded itself as Coinbase Pro, and Coinbase recently acquired Ethereum startup Paradex, which is a decentralized exchange that gives cryptocurrency owners more ownership of their own coins. Sounds good to me thus far, you? We’d love to hear your views.

Up next, ALTCOIN INVESTMENT.

I’ve spoken to numerous people who thought that they missed the boat when it comes to cryptocurrency investment, but I’m telling you, it’s barely getting started. Don’t listen to the naysayers, become a practitioner and get involved. Start small, like we did. Once we bought some Bitcoin, Litecoin, Ethereum, and Bitcoin Cash, we both opened and confirmed our IDs with Binance, which is a fantastic cryptocurrency exchange, which last relocated to Malta, where cryptocurrency exchange laws were more forward thinking. We heart Binance, very much and have found it a great place to purchase Altcoins such as Tronix TRX, Ripple XRP, NEM coin XEM, Verge XVG, Red Pulse RXP, or Cardano ADA.

But Binance doesn’t have everything, ya know. See, as much as all of us cryptocurrency speculators and traders like to think of it as investing similar to stocks and the like. But to me, it’s almost like playing roulette. Some folks don’t care for roulette, but that’s pretty much the only game I play when I actually go to Vegas and I double my money every time. So, being that I’m an avid supporter of cannabis, both medicinal and recreational, I just couldn’t resist getting my ass onto Bittrex to pick up some Hempcoin THC and Potcoin POT, just because it’s not only wrong but stupid of the Federal government to continue their ridiculous draconian anti-cannabis campaign. Since they don’t want to allow banks to participate nor permit for the creation of cannabis credit unions, a cannabis industry cryptocurrency was the next logical step. For those of you who are against cannabis (A.K.A. marijuana), then ask yourself if you feel that it is proper to treat the American public like livestock in regards to what we are allowed to ingest, while hypocritically giving carte-blanche to the alcohol industry willy nilly? I will remain bullish on cannabis industry connected cryptocurrencies for the foreseeable future.  But as I’ve stated before, don’t take my word for it. Do your own research, because in the Wild Wild West of Altcoin Investment, there are undoubtedly more shitcoins than there are fantasy fortune fulfillment Altcoins in circulation or available for trade.

I also got on Kucoin to get my virtual hands on some other altcoins that aren’t available on Binance or Bittrex, which is the thing about altcoin investment.  Binance and Bittrex are a little more discerning as to which coins they allow onto their exchange, as where KuCoin plays it a little more on the fast and loose side of things in my opinion.  But again, don’t take my word on anything here because at the end of the day, I’m just like any other Internet know-it-all jackass out there.

Telcoin TEL, and some Odyssey coin OCN, mainly because they were dirt cheap and I liked what they’re up to, which we can get into in another blog post.

MORE TO COME…