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So you've made up your mind. You are going to take your financial destiny into your own hands but you are not sure where to start. Some people say use X and some people say use Y. Again you are at a crossroads when it comes this new path you are on. Remember, this is blog is not for the experienced crypto user so please share this with people who are just getting into crypto. What you need to do is get yourself a wallet. No... I am not talking about the thing in your pocket or on the table. It's a cryptocurrency wallet. It will allow you to store, receive and send cryptocurrency.
In my opinion, and remember I am not a financial adviser. You should go with one of the big exchanges. People are going to be shouting at my right now as I type this but for the average user, this is the best choice. Open another tab on your browser right now and google:" best crypto currency exchanges." These exchanges will allow you to create different wallets for different cryptocurrencies. You will find a ton of different sites with different recommendations. Read them all and make a decision that best suits you. For me, I use BINANCE and I haven't had a problem with them in three years. Some people say they are the worst but everyone's experience is different.
Okay, you've kept this tab open and sorted yourself out a wallet. Now comes the really big decision. No, I mean it this time. It is BIG. What is your first coin going to be. Your probably on twitter or other social media and keep hearing people saying A coin is going to "moon." Or B is the future. Forget all that. Remember we are regular people, we are planning for our retirement so my suggestion is with whatever money you save every month, buy some Bitcoin.
I can hear the howls of disappointment as people are reading this. The typical voices that say "Bitcoin shill" etc... Here me out. Cryptocurrency is definitely faster than any other financial market but it still plays by the same rules. Just like the US Dollar is the dominant currency in the world, so is Bitcoin in the crypto market. And basically you can't go wrong investing in number 1. It's as simple as that but have a look at this picture:
You've seen these charts before so take a deep breath. Forget everything else and just look at the thing I circled in red. That is the trading volume of Bitcoin. So what does that tell you? Basically it tells you the number of people who are interested in that coin. A good way to think about it, is the number of people who are interested in iPhones. The more people are interested in something, the more sure of a thing it is going to be.
This is a little longer than I wanted it to be but here it is. My pick for your first coin. Don't forget to check back later this week when I reveal my pick for the second thing you should buy.
