Crypto Bible — altcoin
How to Cash Out your Cryptocurrencies back into fiat?
Posted by Taras Lanchev on
We have already discussed how to store Bitcoin and other cryptocurrencies, how much you should be paying for a Bitcoin transaction and for an Ethereum transaction. However, one important bit we’ve missed is how to withdraw cryptocurrencies back into fiat. If you’ve invested all your money into crypto and then realised that you need to eat and crypto can’t quite buy you food yet, you will definitely find this post interesting. Cashing out could be a challenging process and to be honest, this is where people normally run into trouble as they worry about safety and security of their money....
What is Pump and Dump and Why Should I avoid it?
Posted by Taras Lanchev on
Telegram and other messengers which are used for crypto have a lot of channels and groups which offer quick money from cryptocurrencies. They normally call themselves "Crypto Signals" or something of that matter. Please please please. Don't fall for this. Let's talk about why pump and dump is a scam and is a bad idea. For example, there is a Telegram channel called "Pump Notifier/Trading Signals". A few times a day that channel posts the name of the exchange where people will buy a coin and a countdown to when they should start buying. At the specified time, the channel sends out a...
How do I store Ethereum and other altcoins? More about cryptocurrency wallets
Posted by Taras Lanchev on
Let's look at the wallets for altcoins and in particular for Ethereum. However, before you start reading this, you first have to read How to store Bitcoin? Creating a Bitcoin wallet. Official Ethereum Wallet You can download the official Ethereum Wallet on the official Ethereum website or on github. This is a heavy client and will take 28GB on your computer. But frankly, I wouldn't bother with it. It's crap. I used it a bit over the past few months and these are my thoughts: 1. I couldn't download the full blockchain on my computer once. I have a very typical SSD, so...
Where to check cryptocurrency prices and exchange rates?
Posted by Taras Lanchev on
Cryptocurrency prices are very volatile and a lot of people depend on them. You can use CoinMarketCap to monitor even the slightest volatility in the prices. Let's talk about how it works. 1. Bitcoin Price The home page of CoinMarketCap shows the first 100 cryptocurrencies sorted by the largest market cap at the top. You can see the details of each crypto, such as their: Price; Market Cap; Trading volumes in the past 24 hours; Circulating supply; At the end of the row for each crypto, you will see the change in price in percentage terms over the past 24 hours and...
How many cryptocurrencies are there?
Posted by Taras Lanchev on
According to the most popular website about cryptocurrencies - the number of available currencies is well above 1000! If you are thinking that's too much to learn, don't worry, not many experts know what comes after the first 100, so you'll be fine learning about the first 10-20. You can check the list of all cryptos, their price and the market capitalisation using this link: https://coinmarketcap.com/all/views/all/