Crypto What?! Part Two

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Part Two:

Greetings, yes I’m back (without a headache this timewinkingsmiley)!

I recommend reading Part One before jumping into this section; however that is entirely your choice. I think it’s only fair to let you know a little about myself: I don’t recommend anything or speak on a subject unless I’ve tried it or know a little something about it from experience. Outside of earning a degree in Business Administration and a minor in Accounting and Finance, I also work in the banking sector and see actual transactions from people like you and me all the time.

When we (my colleagues and I) started receiving calls about Coinbase transactions, everybody started freaking out, myself included. We had to learn quickly about the terms and how to explain and/or refer them back to the company they were using (in this case, Coinbase). Some millennial were aware of terms like Coinbase and Cryptocurrency, but it was something new to us “old wigs” (trust me, I don’t like the term either, but you get the idea).

Now I must tell you, I was feeling a bit antiquated with this cypto thing so I decided to get myself in the game. I did some research, and opened up a Coinbase account.

coins

Understanding that these cryptocurrencies are so volatile, I spent only what I was willing to lose – $10 bucks. Laugh if you will; I’m getting too old for big losses at this stage in my life (disclosure: because past experience isn’t a guarantee of future projections/profits). That was in January 2018, when Bitcoin was trending at $15k and climbing! I knew I’d never get rich off of Bitcoin but I was doing the damn thing! I’m part of this history and if I never do anything else with these coins, I’m satisfied with the experience.

historical data bitcoinWhen I went back to work, I was posting comments and explanations in our chats and feeling pretty darn proud of myself.  I also found some interesting things to put my pinky in like – GDAX- which allows trades for free and works well with Coinbase and Coinpot (where do they get these names from smiley) – a digital wallet used to stash coins.  Once I started digging deeper, I found an external wallet that is safer than digital/online wallets called “Exodus” which can be installed on your own laptop.

Exodus Step-By-Step Backup from Exodus : Your Blockchain Wallet on Vimeo.

 

Well friends, that’s all for now. Remember to like or comment below.

Until next time,

Peace, love and Prosperity,

ET