Bitcoin Too High Already? See How This Technique Made a Quick $75 in less than 36 Hours

I hear a lot of people (usually non investors) say how expensive Bitcoin now and that they couldn’t possibly make money anymore.

It really depends on where we’re looking. True, $17000 per BTC as of this writing sounds way too high, but we said the same thing weeks ago when it was at $7300, $10000 and even back when it as at $700.

Last Sunday morning, about 2:00 AM, chat groups started panicking when we see Bitcoin dropping from $19000 to $18000 and then to $17000. Mixed reactions, but everyone was eager to know what should be the next move.

I didn’t own any bitcoins, so I couldn’t be that affected. Having an extra unallocated fund, I did the most sensible thing to do… And no, I didn’t buy in. 🙂

Instead, I instructed my trading account in eToro to put a purchas le order if in case it drops to $15000, that way, when it’s on its way back up to $20000, I’d be reaping profits.

In just a few minutes, the price started dropping even quicker, reaching my target entry price of $15000, so wanting to gain more profits, I changed the target price to $14000, if in case that I am wrong and price jumps up again without reach 14k, I could just buy it instantly.

But as I see the price dropping to near 14k, I told myself, okay, I can be greedier than this, so let me lower down to $13500, but when reaching that support level, the price stops dropping, so I placed an order for $402.32 worth of Bitcoins at the bargain price of $14100.

When I checked this afternoon, price has gone back up to the, $16500 to, $17000 range, with the profit of $75 in less than 48 hours.

I couldn’t complain. 🙂

I’ve set my account to sell all if the profit goes lower than $72, that way, if it drops by the time I am sleeping, I won’t wake up missing the chance to sell (gotta love technology).

I didn’t put any limit if the price goes up, so when I wake up tomorrow, there could only be 2 scenarios:

1. Bitcoin goes down, but I would have sold with a minimum profit of $72. This is what I personally want, so I can repurchase with even more bitcoins at a lower price.

2. Bitcoin shoots up to $18000 to $20000, and who am I to complain when that happens?

Am I a technical analysts? No. Am I a dedicated trader? Not really.

Main key for me is keeping yourself together when things come crashing down and keep your emotions out. Easier said than done, trust me. But it’s the only way to win in this investing game.

Cheers.

Bitcoin rose to an all-time high of $16500… But it’s still actually cheap

People dropped their jaws when Bitcoin shot up to $7300 per coin about a month ago.

Just a few days ago, 1 Bitcoin was equal to Php 500,000 ($10000), and now, it has shot up to Php 825,000 per coin ($16500).

People say: “Naku, mahal na siya, di na ako makakabili to invest diyan.”

Folks, Bitcoin is expected to reach at the very least, $40,000 within 2018, so it’s actually very cheap.

It means, if you invested only Php 20k of your money last week, today, it would be worth Php 33k, a 65% gain.

I get a lot of people saying, teach me this, teach me that, but actually, there isn’t a lot to teach, as most information is available online. Self study, guys, learn. No short cuts, the hardest part is deciding to make that very first move.

Personally, I don’t own any bitcoin, since I am an Ethereum guy. I’m just here to state the fact virtual currency is here to stay. Either you accept it or you get left behind, you can fear it, or you can use it to take control of your life.

People are willing to help, for free. Information is available, Google is still free last time I’ve checked.

So what’s stopping you?

ADA Coins(Cardano Coin) and why I started buying them now for 2018…

It’s no surprise from the title of the blog that I’m such an Ethereum fan. I’ve placed a sizeable portion of my funds to buying Ethers these past few weeks and I know that the investment is only going up this 2018.

While I’m very confident with what Ethereum’s value would be in the near future, it is still wise not to put all of your eggs in one basket, so I’ve decided to read about a different coin to invest in.

Before this post, about 80% of my portfolio are Ethers, and 10% is Steem (Steemit) and the remaining 10% are in Siacoin (SC).

I started noticing good forecasts and feedback about Cardano (ADA is the name of the currency/coin).

Click here to check their website.

I am no analyst, not even a decent trader, so what I did what I do best: I read and compare.

What I did was to look up: “why you should invest in ADA coins” and “why you should NOT invest in ADA coins”.

Not wanting to be caught in a “pump and dump” scheme, I started reading comparing notes, views and looked up some Youtube videos.

After a few hours researching, I got convinced in taking a shot in investing in this coin. I believe that Cardano has solid team with a clear vision of what they’re aiming to accomplish – to be a better version of Ethereum.

Ironically, it’s being headed by Charles Hoskinson, who is one of the founders of Ethereum.

As of this writing, 1 ADA coin = Php 6.57 ($ 0.13 US) and some analysis indicate that this is still expected to go up to 260% in at least 6 months.

Okay, I’ll admit it, a big part is that I’m gambling that the price forecasts for 2018 materializes, and the super optimistic prediction is that it could reach up to 74 Pesos ($1.40), but how bad can it get, right? For me, the possible reward outweighs the possible risks, and believe me, I can think of many worse ways in spending that amount. Lol.

So here’s how I started investing in ADA today:

1. Logged in to Coinmama, indicate how much BTC I wanted to buy. Today, I invested Php 10,000 (roughly $200) using my VISA
2. After verification via e-mail, I am asked to confirm the BTC address the bitcoins should go to.
3. I logged in to my Bittrex account (Bittrex is the marketplace where you can purchase coins using dollars/euro or using other coins, i.e. bitcoin to ethereum, and vice versa). Once logged in, I clicked on “Wallet” and copied my BTC wallet address, and paste it on my Coinmama account, so the bitcoins will go to my Bittrex account.
4. If done correctly, you should see this screen:

5. After a few minutes, it should show that it’s been completed:

6. Now the waiting part…it will take about 15-20 minutes before the bitcoins reflect on your Bittrex account. But if don’t worry, it’s part of the process. The reason behind the delay is because different computers in the Blockchain are still processing the transactions, which is called mining (I sounded smart saying that, didn’t I? Lol. Trust me, I don’t know half of the technical stuff I’m talking about!)

7. After testing your patience and making you panic for a bit, you’d see that your bitcoins are finally available for you to purchase your ADA coins!

8. I clicked in “Markets” on top of the screen, then selected BTC, since we’re buying ADA using Bitcoins. Today, I’ve decided to use all my bitcoins I’ve just bought to convert it to ADA.

9. Then you’d see this confirmation screen showing the total fees and the amount of ADA coins. Today (December 5, 2017), my $200 (Php 10,000) gave me 1463.16504964 ADA coins.

10. And there we have it! I’ve just shared to you my very first purchase of ADA coins. I intend to HODL them for at least 6 months to 12 months, and we’ll go from there as to what we’ll do with the investment update.

I’ll soon share some updates with my portfolio to show progress of my funds.

Happy investing!

 

Must-have Mobile Apps for New Ethereum Investors

Just a few years ago, investing with just your mobile phone would probably sound absurd, if not utterly unbelievable.

But with the advancement of technology, one can start investing, manage it, and even do trading with purely with just your mobile phone.

If you’ve been dealing with cryptocurrencies, it’s very easy to get confused with hundreds of apps and websites promising you the best app descriptions so you’d click on that precious install/download button.

So I’m posting a list of essential tools that I think would help your life easier either you’re already a new investor or still just familiarizing yourself in the market before taking that leap in making your investment.

The list below is what I personally believe to be necessary for investors in the Philippines and there’s a possibility that there could be new or better tools out there, so please share your feedback so we can update the list.

1. CEX.io (Purchasing BTC, ETH directly)

This one is definitely one of my favorites. CEX.io is the solution for all investors and traders who don’t want to go through the hassle of funding their accounts using coins.ph, paying thru pawnshops/convenience stores and then having to convert to BTC before buying ETH, not to mention the fees after fees.

CEX has both a web and mobile version that allows you to buy/sell coins using your credit card and then send the coins over to your own wallet/vault for safekeeping.

Pros: convenient, good security measures, friendly interface

Cons: requires credit card and strict verification process

2. Coins.ph (Bitcoin Wallet) – if you’re from the Philippines, you might have this already on your mobile phone.

Not all Filipinos have access to a credit card, so this is one of the alternatives in making your investment to cryptocurrencies. If you’d like to know how to invest in coins using coins.ph, please check my other post – How To Invest In Ethereum in the Philippines for Beginners.

Why do you need this: Since you can’t swap your fiat money (Philippine peso) to Ethereum in PH, you’ll need to buy bitcoins first, then swap them to Ethereum using a 3rd party website or app such as Changelly or Shapeshift.io. You will also need Coins.ph to convert your Ether back to Bitcoin, and then to PHP before encashing it or making withdrawals. Personally, I’d prefer another option since Coins.ph charges you in making a deposit, charges you when you convert to ETH or another coin currency (Php 150-250) and you’d need to pay fees when making withdrawals.

Pro: multiple options to cash in or make withdrawals, wide acceptance.

Cons: limited to bitcoins only, high transaction fees

3. Coinbase (Ethereum Wallet)

This can be download on your phone or can we accessed as a desktop website. This is where you will store your Ethers, but Coinbase can also store Bitcoin and Litecoin. Currently, it doesn’t allow coins to be purchased directly from the Philippines, that’s why, you need to buy Bitcoins and convert it to ETH. In spite of this limitation, I still prefer to use Coinbase to hold my coins using it’s built-in vault.

Pro: User-friendly interface, easy to use, has a built-in vault to store your coins from your wallet. Strong security features.

Cons: Limited number of coins to support (for now), unable to accept purchase from PH.

4. Cryptoport (Price Updates) Mobile App

There are hundreds of duplicate apps with different designs and usage offering to give real time updates of the coins that you own, Cryptoport is my recent discovery and has become my favorite.

Not only does it allow me to monitor all the coins I choose to see, it also allows me to switch between their value in USD and PHP, or any other fiat currency quickly.

But for me, the best feature is allowing me to create a portfolio and combine all the different coins I have to keep track of how much the portfolio is performing without using my laptop. As you may already know, some coins have their own wallet (example: Siacoin/SC has its own coin wallet) and some only support some apps so it is difficult to switch between many different wallets.

5. Shapeshift.io (Converting BTC to ETH and vice versa) Mobile App

This is what you will use to convert your coins (from BTC to ETH, LTC, etc. or vice versa) and send them to your designated wallet address. I prefer to you use the web version as much as I can, but there are times that I had to use the app on the go, and it does the job just fine.

Pros: allows you to store wallet addresses of your different coins, portability, reliable, quick responses.

Cons: interface can be more user-friendly

So that’s my 5 top 5 apps that should allow you to invest in cryptocurrencies and manage your portfolio just using your phone.

I’ll update the list if I encounter any new awesome app that can greatly investing in coins more fun.

If there are other apps out there, please feel free to share.

Cheers.

How to invest in Ethereum in the Philippines for beginners

If you’re reading this page, you’re most probably familiar with the Bitcoin craze going mainstream and seeing that more people have started investing with the hope of riding it’s monstrous growth. As of this writing, 1 BTC = Php 553,000 ($11,015).

While BTC is now widely accepted, there are fewer options to buy and invest in Ethereum in the Philippines.

I get a lot of queries as to how to get started buying Ether (Ethereum’s digital currency), so I’m putting a how to guide in making your very first investment in Ethereum.

There are 2 ways to purchase Ether in PH (for now), one is using Coins.ph and the other one using your credit card via CEX.io. This tutorial will focus on buying Ether using Coins.ph, but if you’d like to know how to use CEX.io, I’ll put a separate tutorial soon.

So here are the steps to purchase your Ether using Coins.ph:

1. Download Coins.ph mobile app or sign up using http://www.coins.ph website. If you already have a Coins.ph account and have funds ready to convert to Ether, go to step # 3.

Follow the verification process to increase the daily limit of funding your account and making withdrawals. I personally have tried funding my wallet using Mlhuiller.

2. Once you have enough funds, you can now convert your fiat money (Peso) to Bitcoin.

3. Go to http://www.changelly.com, this where you will convert your Bitcoin to Ether. But to proceed, you will need to have another coin wallet that supports Ether. Only reason why we’re doing this, because Coins.ph only allows you to buy, store and sell Bitcoin.

4. Download Coinbase mobile app or sign up using http://www.coinbase.com, once your account has been set up, copy your Ethereum wallet address in Coinbase.

Mobile App Version:

Web Version:

5. Go back to changelly.com, and indicate how much BTC you want to convert to Ether. In this example below, 0.04566583 Bitcoin will convert to 1.07659 Ether.

6. Click Next, and enter your Ethereum wallet address from Coinbase.

7. You will now be asked to confirm the transfer. Once you do, you’ll be given the address where you will send your Bitcoin from Coins.ph. Copy the address below. Please careful in double-checking the addess given:

8. Go back to Coins.ph, switch to Bitcoin tab, and click on Send, and enter the amount you will send, and paste the address from changelly:

Note: Coins.ph collects fees  (in small BTC amount) when doing the conversion, so you will need to make a few adjustments with the amount of BTC you will send to cover the fees. Last time I’ve checked, fees were amounting to Php 150 to Php 250.

9. Once you’ve sent the BTC to the address generated by Changelly, check the history tab in Coins.ph, and it should tell you once payment has been received.

Don’t panic if it seems delayed, as transactions may take a few minutes. I remember getting worried on my very first transaction, but soon enough, you’ll see in changelly.com that transfer and exchange has been completed.

10. Once completed, you should see in your Ethereum wallet in Coinbase that you’ve received your Ethers!

It should look like this:

And there, you’ve just made your very first investment in Ethereum!

I suggest keeping track of your investments but if you’re in for mid to longterm, just note your initial investment in PHP or USD so you’ll know how much your investments have grown.

I personally intend to keep my Ethers for at least 6 to 12 months before cashing in my investments and won’t have to worry about the daily fluctuations in the market.

So have you made your investment in cryptocurrencies already? Feel free to share your experiences and your investment strategies.

Happy investing!