Lessons in Crypto Currency
A recent article written by one of our interesting clients here at Prospero Media:
The way $USD and $EUR break their currencies down into fractions called cents; a $BTC is broken down into Satoshi’s. The creator of Bitcoin and the protocol used in the blockchain, “Satoshi Nakamoto” created a Satoshi as .00000001 of a bitcoin. Many experts will express there trades in satoshi level not just fiat. There is a good documentary on Netflix called “Banking on Bitcoin,” from 2016 I would recommend as a good introduction if you are totally new to $BTC.
Why is the Satoshi so important?
Let me try to create a brief example that can show why the Satoshi is important using something many of us are already familiar with. Bob lives in the United States so all his currency is in $USD. He wants to make an investment in a company that is based in Europe and operates using the $EUR. Bob needs to change his $USD into $EUR. Now he can invest in the company using the $EUR. So Bob has two things determining the value of his investment. First the investment itself in Company X. Did the investment go up or down? An equally importantly how did the $USD do against the $EUR. If the Investment went up 15% but the $EUR strengthened against the $USD 23% then your investment is down 8%. You must evaluate your investment in an altcoin much the same way. First did you enter into the market at a high or a low price (the higher the price at which you entered, the less amount of BTC you purchased). Essentially anyone who entered an alt market with $BTC that was purchased @ 15,000+ and is currently still holding the same bag, has lost almost 30% on the relation of $BTC to the $USD as of January 23, 2018.
To know when and where to enter the market are some of the important parts about crypto currency.
There are a few week periods to actually put in new money, and take out profits. Anything between helps the whales profits.
In a Crypto Investment, you are converting your $EUR, $USD, $KRW into $BTC. $BTC is essentially the fiat of all crypto currency trading. So the same way that $EUR totally ruined Bob’s investment, you may be losing out on 10% to 15% if you are focusing on the $EUR and not the Satoshi. If you believe like many traders and long term investors do that bitcoin will continue to go up. Then the most important thing is the accumulate the biggest share of BTC.
What are some good ways to accumulate big shares of BTC you might ask?
Trading — Leave it for the experts
Long Term Investing — There is a large amount of smart money here
Ignore Fake News — Or you will buy low and sell high
There are some coins I would like to mention and I will follow up with a description of each and more!
ICX/WAN
DASH
ETC
The next post I will talk about what is the ICX/WAN project.
To conclude the first I just want to briefly mention some events coming up. This project is already mooning at 100x ICO and 10X Exchange debut. I cannot take any credit for knowing about this coin. An anonymous friend of mine who will be at the ICX launch in Korea later this month is due that. The conversation happened while I was in the middle of my Ethereum Classic Research in late December. Luckily I listened. An I am going to listen again, as ICX, the first Korean ICO, has been marketing that they will be launching WAN sometime before the end of January in 2018. It looks like it will be on Binance.
Who am I?
I bought my first bitcoin in 2014 playing online poker. I bought my first Litecoin at the start of 2017 as an investment. I charted my first Crypto in September of 17’. Remember, you only lose money, if you sell it for less than you bought it. The charts never lie; unless bitcoin changes it mind.
Authored by Vance DeMartini
