Join eToro via me and get US20$

If you've no idea about trading, sign up here and click on a trade (eg BTC or XRP) and read comments.

You can also follow experienced traders to check their investment choices.

Plus there's a feature called copy.

More like having your own stock broker for free! Join and observe first. Use this link below.

Good for you and I because we both earn USD 20!

Join now using this link http://etoro.tw/2Cb7t83

Simplified explanation on the concept of Blockchain

Einstein said if you can't explain it simply, you don't understand it that well!

Watch on.

Blockchain explained in five levels

I love the way Bettina uses real people with different levels of knowledge level to explain Blockchain.

Watch on.

In my bid to collect resources that educate on Blockchain technology and the whole area of cryptocurrencies, I found this video very educative.

Watch on.

Just how does Bitcoin work?

I found a great explanation on how bitcoin works and I thinks it can help you too. Watch on

What is Bitcoin

Bitcoin was invented in 2009 by a person (or group) who called himself Satoshi Nakamoto. His stated goal was to create "a new electronic cash system" that was "completely decentralized with no server or central authority." 

After cultivating the concept and technology, in 2011, Nakamoto turned over the source code and domains to others in the Bitcoin community, and subsequently vanished.

Read more here  https://www.cnet.com/how-to/what-is-bitcoin/

To be a Bitcoinnaire: either buy or mine

There are two ways to become a Bitcoinnaire
1. Buy (quick and easy). I'd not advise if the costs are a barrier

2. Mine or "dig", like mining or digging for precious stones.

To mine, you can do it in one of several ways

1. Use your computer. It requires setup and guzzles up energy. Lots of it. You can't switch it off since several computers are solving a complex mathematical equation which when assembled provide authentication and timestamp for a coin. Miners earn about 10% of the value
2. You can use your smartphone. Similar to 1 above.
3. My preferred option is to rent a miner. Some companies, my preferred is a German dude with acres of servers in Iceland, rent out CPU for a fee. Visit them at genesis-mining.com
4. Kipsigaa is also an option. These are thieves who break into safes and vaults through hacking and steal.

Choose what's convenient for you!

Please note.
When you choose to mine, you can only mine one crypto at a time. Literally, you couldn't dig for gold and copper simultaneously. It's either or.

If you're interested in buying, read my simplified guide on my other post

How I invest in multiple Cryptocurrencies

You're probably familiar with the currency rave reviews that cryptocurrencies have received.

I'm not the type to be left behind.

So I'm invested in that excitement.

But cautiously.

I'm careful to exercise caution while not denying myself the opportunity to explore.

My advise?

Don't go take a bank loan or a mortgage yet.

It's a volatile and risky investment.

Yet it's worth giving it a try.

How do I do it?

There are several models.
1. You may select a wallet which is separate from the purchasing platform. e.g. Jaxx. 

For this you need a Broker (cum wallet) like www.blockchain.info. with that you need a bit of effort.

2. My preferred method is www.coinbase.com which has an android and iOS app by a similar name.

I prefer Coinbase because it's both a broker and a wallet with an additional vault to store your purchases.

Procedure

Set yourself up.  Register with a trusted email. If on computer, use Chrome.

Confirm your email address and your phone.

Set up authenticator (download Google Authenticator, for example).

Verify yourself with either passport, driving licence or ID.

You're likely to encounter verification hiccups because they seem to have problems handling the volume of traffic.

In order to get a clear shot, I scanned my documents using Office Lens, a Microsoft product which snaps clear documents exactly by the edge.

Once you're setup, and verified, add your payment method.

A credit card would do. There's a limit, which is good to prevent excitement.

On their app you view your purchases in real-time, can purchase or create alerts (if price is below or above a certain value you're prompted).

The beauty is that with Coinbase I can purchase Bitcoin, Litecoin and Ethereum in one place.

And I view my portfolios in one place. 

Another advantage is that because of an inbuilt functionality I can switch currencies to view my portfolios in KShs, USD or Euro.

To buy, I always wait for drops to a certain percentage, then snap up some small bits. 

No need for panic buying.

Even 10€ worth is doable.

Build your portfolio at your pace.

Enjoy your purchases.

I hope this helps!