How to Crypto!

A Beginners Guide to getting started…

Prepared for: Beginners

Welcome to Crypto for Beginners in Australia!
Facebook Group: https://www.facebook.com/groups/171819240075376

The Backstory
I considered taking the plunge into investing in Crypto myself a number of times but always decided against it due to
a lack of personal knowledge and knowing where to go without being scammed.

So based on that I tried a few other ideas, some with more success than others but they all have their place. Some of
the places I tried were Acorns, Managed Funds, Brickx, Agel and good old Saving in a Bank….

However, I kept on hearing about this whole other market and just how crazy it could be. Yes it’s just like the Stock
Market but can be a lot more volatile, hence the reason I was so delayed in starting myself.

After giving up that I was going to find a reliable source I decided to do some research and I opened accounts in all
the wrong places, places I couldn’t put Australian Money (AUD) into and other places that you already had to have
Coins like Bitcoin to Transfer into and trade.

After realising just how much research I had to do (and I’m still doing it) I thought I’d create a group to share my
knowledge and help others get started by removing the guesswork.

Understanding the Opportunity:

Two Exceptional videos that explain why Crypto
1. https://youtu.be/4FfLhhhIlIc
2. Understanding Blockchain

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Let’s Begin!
What an interesting time to be getting into Crypto (AKA Blockchain), Bitcoin has grown over %700 this year (2017)
and at the time of writing is around $22,805. There are also a lot of Alternate Coins (Alt Coins) available to choose and
invest in. The great thing with Crypto (also what I liked about Acorns) is that you don't need a lot of money to get
started. Some share investment platforms like eTrade you had to have $500 minimum to get started. If you want to
buy Bitcoin which goes anywhere from $9,000 - $26,800 currently but you only have $20, no problems you will just
own a very small number of units of Bitcoin.

Personally, I would suggest starting out smaller and be playing with what’s called the Alt Coins.
Alt Coins are anything that's not a major well-known coin like Bitcoin, Ethereum & Litecoin etc. The good news is a
local Australian Company named Coinspot has the main coins and a good number of Alt Coins available to purchase.

Let’s Go, creating an account:

Click here: https://www.coinspot.com.au
If you find this guide useful, please use my below email address in the Referred by email field if you see it there.
Email: [email protected]

Coinspot is simple and easy to use and more importantly easy to deposit money into and more importantly also get it
out. As with any investment, don't invest what you can’t afford and start out small to learn the basics as it can be
quite volatile but with a few weeks of playing you should get the hang of it.

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Account Created, now what?
Creating the account in the first step, then the account will need to be verified before you can actually buy anything.

However before we get to verification, lets get some extra Security enabled. 2FA (2 Factor Authentication) this will
use your phone as an extra level of security to log in to your account. I suggest you use Authy
https://authy.com/blog/authy-vs-google-authenticator/ as your 2FA Client. Once enabled I suggest logging out then
back in to ensure 2FA is working and you’re comfortable with how it works.

Once your 2FA is enabled, and you are comfortable with how it works, we move onto the verification. The verification
process might seem odd but it's perfectly legit, ie writing on a bit of paper a statement and a code, holding it up and
taking a photo and uploading that.
Verification may also include a phone call. The whole process used to take 1-3 days, however 2-3 weeks has been
more common lately. It all depends on if they have a lot of signups. Some Exchanges are getting over 100,000 signups
a day, so they have a lot of work to do. Some Exchanges even stop taking new signups for periods of time.

Verification looks like below.

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Your code will be unique to you.

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What can I do while I wait for Verification?

Well while you have your ID out and handy, I also suggest signing up for a few others.
They all have their processes and its good to just be ready to go when you need it.

BINANCE
https://www.binance.com

COINBASE - * Can buy in AUD but not sell, good for instant buy of Litecoin (LTC) and Transfer
https://www.coinbase.com/

COINJAR
https://www.coinjar.com/

BTC Markets
https://www.btcmarkets.net

CRYPTOPIA
https://www.cryptopia.co.nz

You can purchase Litecoin on Coinbase using a Credit Card ($250-300 Weekly limit) and send that to your Litecoin
Wallet in Coinspot. Login to Coinspot, goto Wallets, Scroll down till you find litecoin, click it. On the new page that
loads click the generate Litecoin Address button. You will see a string of text and numbers, that’s your address.

Then login to Coinbase and buy the litecoin, when it goes into the Litecoin Account in Coinbase, goto accounts, LTC
Wallet, tap in the little arrow (paperplane) icon in the top right corner, tap in the ltc amount or choose Use max, then
tap send and then paste your Coinspot LTC Wallet address into the address section and hit send. Itll take around 25
minutes to hit Coinspot and it can then be used to buy other coins without the need to be verified.

The other option you have is you can do Cloud Bitcoin Mining https://hashflare.io
More details on mining on page 31.

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OK Verified with Coinspot, now what?

Once verified you can make your first deposit, which I will cover off shortly but first let's add some extra level of
security to your account.

Coinspot has 3 methods of payment, POLi, BPay or Cash Deposit. Personally, POLi is the fastest and has zero fees
involved, however its only supported by a number of banks as per the dropdown list. Poli is handy for instant money
if you notice a coin is much cheaper than usual and you want to take advantage of that.

The other methods work fine but will take a few days for the funds to be available.

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OK Fund’s deposited, now what?
Once you have some funds available and Coinspot will email you when the funds have cleared. You can make a
purchase.

Now the Dashboard will show you a few things but if you scroll down, you'll find what I believe is the most useful.
Todays Movers - ie over 24 Hours. Now most people might think let’s invest in the coins that are going strongest. Yes
you can but a better move is to check out the coins in the negative that have lost value, as they are possibly
correcting from an earlier spike.

So how do we tell? Click on one of the Buy Coin buttons, it will load a new page for that coin. Towards the top right
there will be a button that says Show Charts, click that.
Then when the chart loads click the All button.
You will quickly get a gauge for the highs and low of that coin and you can quickly work out if where its current
position is is close enough to the average cost with a few jumps above it. This means the indications are good that if
you buy at this point you will be able to sit on it for a bit and sell it later at a higher period.

The other trick is to not always wait for the highest peaks to sell at as they are hard to guess but choose another high
average that you’re comfortable with to sell at and make some money.
In the IOTA picture reference shown you might say 0.79 or under I’m happy to buy at. Now while the highest peak
was 1.51, you might sell at anything over 1.0 or 1.10 depending on how close you want to try and get. Now you may
sell at 1.10 and the coins skyrockets to 2.0, that’s ok, you made your call and made some money, how long you wish
to hold or HODL (Hold on for dear Life) is up to you. I’ve sold ‘early’ a number of times but hey it happens.

Now when you choose to sell you can sell back to AUD $ or Transfer into another coin. To sell back to AUD it’s a a 3%
fee but to transfer to another coin only 1%.
So you have a choice take your profit and run or sell into another coin based on averages your happy with and watch
that one go. Doing this and hopping from one to the next is a way to build the portfolio without constantly investing,
which you can also do.

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Examples?
Ok, so I decided to put a bit of data together over a few select coins based on averages. Take a look, as you can see
the prices have been higher than the suggested average sell before but that's the risk you take if you choose to hold
on. This data is aimed for at more of a Trader than a Holder but still give you some data on when a suggested buy is.

As the coins get better the average may never be reached again but it’s based on current point & time (25/11/17)

Coin Name Highest Point Average Good Buy Average Good Sell
Bitcoin Gold $ 759.0000 $ 285.0000 $ 400.0000
Bitcoin Cash $ 2,384.0000 $ 795.0000 $ 1,600.0000
IOTA $ 1.5000 $ 0.7700 $ 1.0500
Power Ledger $ 1.2358 $ 0.8500 $ 1.1000
Ethereum $ 625.0000 $ 360.0000 $ 435.0000
NEM $ 0.4500 $ 0.2400 $ 0.3500
NEO $ 77.7300 $ 34.0000 $ 50.0000
Ethos $ 2.6000 $ 1.0500 $ 1.6000
Game Credits $ 3.3700 $ 2.3000 $ 2.9000
FunFair $ 0.0500 $ 0.0230 $ 0.0370
DodgeCoin $ 0.0084 $ 0.0015 $ 0.0027
Ripple $ 0.5900 $ 0.2600 $ 0.3400

As long as your buying between the suggested average good buy and average good sell you should be ok and make
some money. The closer you are to the suggested sell the smaller the profit, but like I said if a Coin is going well it may
not hit that low again (ie Power Ledger), so make your own judgement.

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OK, I’ve bought some coins now what?
Now once you have bought 1 coin type or a few, it’s a good idea to track it in an app to keep a watch over your
Portfolio and how it's Tracking.

I used to use an App called CoinStats however more recently switched to Delta as it could sync pricing against
Coinspot giving you a more accurate reading of your portfolio.

Open the App, first go to the settings Icon down the bottom of the App. Set your Default Currency to AUD/$

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Then go to Eye icon down the bottom, this will take you to your watch list. From here you can then click the + Symbol
and type the name of the coin you would like to add to your Watchlist. Ideally these are coins you don’t own but
want to keep an eye on and set some Alerts

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In this Example I searched for Verge, it will bring up some details including a chart.
Click the 3 dots in the corner

Set your Exchange (Coinspot) and the Trading Pair, ie Coin Code/Australian $ (VXG/AUD)

Then repeat the process until you have setup all the coins you want to watch.

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Now let’s add some Transactions. Go to the Portfolio button down bottom (The Triangle).
Click the + to search for the coin you own.

Add new transaction

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Enter the Details of your transaction, grab the details form your Coin Spot Order History.
https://www.coinspot.com.au/my/orders/history

Enter the details, make sure your Exchange is set to Coinspot and your Trade Pair is right, ie Coin/AUD.
The only changes is if you sold from say Bitcoin to another Coin, then it would be BTC/XVG or BTC/POWR etc.
Set Date & Time

Add Transaction and repeat until all in.

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Now Alerts, when you select one of the coins you have in your Portfolio or watchlist you can create Alerts.
Select Alerts as below, then the Blue Bell with a + on it down the bottom.

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Here we set the alerts by choosing the Exchange, the Trading Pair first then the Price Threshold.
If you setup 2 alerts one low and one hight the App will automatically know this is a alert when under and when over.

Then Select Add Alert and repeat for any coins you want alerts on.

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Once you have everything loaded you want, on the home screen, if you click the ^ A$ amount itll switch to a % for
you, simply tap again to go back to $. You can also switch between All time and Last 24 Hours

The Developers are working on adding to this all the time and have mentioned a Desktop app which will Sync
between devices. If you want to ask them questions or give your ideas like I did, join there Telegram
https://telegram.getdelta.io/

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OK, I’ve made some money, now what?
When your coins have made you some profit you have 3 main options.
1) Hold (or HODL, Hold on for Dear Life), with the hope or expectation that the coin will keep growing.
2) Sell back to AUD & withdrawal to your Bank Account.
3) Sell but instead of AUD choose another coin

For either options 2 or 3 you need to ensure you have your Bank Details in your account settings.

To sell, simply click on the Open Wallet button on any of the coins you own.
This is accessible from the Dashboard. Coinspot only shows 6 coins in the Dashboard view, so if the Coin you want to
sell is not seen, simply click See all Wallets and find it in there.

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On the new Screen, press Sell

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You then get the next screen, as pictured below.

You can Click Sell All and it will update the field below with all the coins you own for that coin.
Alternatively, you can choose to sell just a few of your coins and keeping some.

The Default Sell Option is AUD $, if you click the drop down arrow you will see a list of other coin names or
abbreviations. Choosing another coin here allows you to sell from one to another.

The key advantage of selling coin to coin is the lower fee’s, if you sell back to AUD only to re-buy you will be hit by
bigger fees. To Buy or Sell in AUD is 3% Fee from Coinspot, to sell Coin to Coin its only 1%. So unless you have made
over 6% Profit (3% Buy & 3% Sell) It’s not worth cashing out.

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SHOW ME THE MONEY!
So you’ve made the choice to sell back to AUD, no problems.
Once you’ve sold back to AUD, you will see Funds on your Dashboard (example below shows $0). Lets Imagine it says
$8,000 instead… simply click Withdrawal AUD

You then get the below page, simply enter you $8,000 (well done by the way). Tick the box confirming your Bank
Details listed (not blacked out 😊) Then Click Withdrawal Funds

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SCAMS, SCAMS & yep more SCAMS!

Scams: There are alot of Crypto Scams out there, also known as Ponzi Schemes.
I've had so many people say that systems like USI Tech and BitConnect are scams, and ultimately I’ll let people
decide themselves. The idea of you sending your Bitcoin elsewhere to be managed by someone else and
supposedly make interest is scary.

If you don't own the coins in your wallet address than you have no proof they were yours in the first place.
If it promises insane returns if you just send them your coins, I'd keep away.

If anyone contacts you promises a guaranteed return (typically on Bitcoin), RUN AWAY, FAR FAR AWAY!

Always be careful and double check details before sending anyone Bitcoin, don’t go to links to Trading Platforms
from your email. As Bitcoin goes up in value so does the number of scams to separate you from it. If unsure ask a
Facebook Group like this one.

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Initial Coin Offerings (ICO’s)

There are also things called Initial Coin Offerings (ICO's), whilst these aren't a Scam its Crowdsourced funding by
Crypto to get their idea or project off the ground. Some are good and some never materialise.
ICO's are typically funded by sending them a certain amount of Bitcoin or Ethereum, in return, they will give you
their new Crypto token at an entry level price, typically well before Mainstream. Power Ledger is an Australian
example of this, some people got POWR Tokens at 0.04c and 1-2 months later it was listed on Coinspot for 0.8c
and has been as high as 1.25. So it can pay to be in an ICO but with that higher chance of reward is also the
higher chance of not seeing that coins value returned if the project doesn't work out. So make your own call but
this group is aimed at safer investments ie, when they have made it out of ICO stage and are listed. Below is an
example of an upcoming ICO http://icoweb.plaak.com/

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Wallets, why so many…..

Wallets like a traditional wallet or purse is where you store your coins. Places like Coinspot and Exchanges all
have wallet address for a particular coin. Take Bitcoin (BTC) as an example you will get a Wallet Address within
Coinspot that allows you to send any Bitcoin you may have in another wallet into your Coinspot Bitcoin Wallet, or
maybe someone is transferring Bitcoin to you.

Bitcoin is one of the few coins that Coinspot will allow to be sent into it from an outside source. Other Coins state
that they are a managed wallet you can transfer out of (ie to another exchange) but not bring into.
If you plan to buy and hold onto a coin long term, its suggested to put into something like a hardware wallet, but
not all wallets support all coins.

A lot of people rate the Ledger Nano S quite highly, link below. Just make sure it supports the coin you wish to
store. Always ensure you buy direct from the Vendor https://www.ledgerwallet.com

Never buy one off eBay or elsewhere as this is where knockoffs can happen and you could loose your coins.

With anything crypto,, test the procedure first with a small amount of coin to make sure it wall work.
You must have your coins in your coinspot or an exchange wallet to sell or trade, you cant do that from a
hardware wallet, hence why its good for "cold storage only"

Paper Wallets rely on you writing down a long key and storing that somewhere safe as that key will be the only
way to unlock your coins. Paper Wallets are deemed very safe as they are not reliant on hardware and are not
internet connected but make sure you don't lose those details.
Always do your research on a good wallet, don't just search and download one from the Appstore/Play Store as
you never know, someone may have made that just to take peoples coins.

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What’s with the Slang Y’all!
Learning the ropes into the complex world of cryptocurrencies can be a daunting challenge for many, as the crypto
market is filled with technical, computing, trading and finance jargons. But do not worry! We’ve broken down the most
common crypto terms used in the market.

Altcoin: Any cryptocurrency other than Bitcoin (See more: Coins, Tokens & Altcoins: What’s the Difference?)

Bagholder: A person who holds a particular crypto which decreases in value until it is worthless

Bear/Bearish: Negative sentiment or downward price movement

Bear Trap: A literal trap where a general upward price trend reverses downwards momentarily and will continue its
upwards motion

BTD: Buy The Dip. An indication to buy a coin when it has substantially decreased in price

Bull/Bullish: Positive sentiment or upward price movement

Bull Trap: A literal trap where a general decreasing price movement reverses upwards momentarily and will continue
its downwards motion

Dead Cat Bounce: A temporary recovery in prices after a huge decrease

Dump/Dumping: Selling away your coins/Downward price movements due to increase selling pressure by many

DYOR: Do your own research

ELI5: Explain to me Like I’m 5. An explanation (usually in Reddit) that is simplified that even a 5-year-old can understand

Faucet: Website that rewards you with small amounts of cryptos for the completion of a specific task

FA: Fundamental Analysis (See more: A Guide To Fundamental Analysis For Cryptocurrencies)

FOMO: Fear Of Missing Out. This is a rookie mistake where a coin is skyrocketing and you get the feeling it’s gonna
pump more, so you buy at the peak

Fork: Splitting of the Blockchain due to competing philosophies or protocol upgrade (Read more: Guide to Forks:
Everything You Need to Know About Forks, Hard Fork and Soft Fork)

FUD: Fear, Uncertainty & Doubt. Describes time of panic where negative sentiments are overexaggerated

HODL: Act of holding on to your coins even in dire market circumstances, resisting the urge to sell

JOMO: Joy Of Missing Out. Opposite of FOMO

Long: A positive or favourable view on the coin or the market in general, usually with an underlying investment on the
coin in mind

MCAP: Market capitalization of the coin, which is an indicator of its market size. It’s derived from multiplying its market
price to the total available supply of coins currently in the market

Moon: Expected upward movement (burst) of price, towards the moon

Pump: Upward price movement

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Pump & Dump: Price manipulation by whales or collectives

Shitcoin: A coin with no potential value or use. Also, includes useless currencies such as fiat money

Short: Selling coins on margin (borrowing from the exchange), expecting the price to plunge

TA: Technical Analysis, or the analysis of prices based on historical price movements and fancy indicators

Rekt: A slang that refers to “wrecked”

Reverse Indicator: Someone who is always wrong predicting price movements

RSI: Relative Strength Index, a popular trading indicator used in technical analysis

Vapourware: A project that is never actually manufactured or implemented, synonymous with shitcoin

Whale: Someone who owns a huge number of coins that can influence prices of coins

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What the Fork!

What is a Fork in Crypto Currency. Hard Forks in Bitcoin, Ethereum, and Other Cryptocurrencies
In simple terms: A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing
code is changed, resulting in both an old and new version. Meanwhile a soft fork is essentially the same thing, but the
idea is that only one blockchain (and thus one coin) will remain valid as users adopt the update. So both fork types
create a split, but a hard fork is meant to create two blockchain/coins and a soft fork is meant to result in
one. Segwit was a soft fork, Bitcoin Cash, Bitcoin Gold, and Segwit2x are all hard forks

The result is generally:

1. One blockchain becomes dominant, resulting in the other blockchain having low community adoption and
value.
2. Both blockchains are adopted, co-existing and operating independently of one another with roughly equal
community adoption and value.

In general, the 1st one tends is the expected outcome of a hard fork.

TIP: A block chain is a ledger of transactions (and is where the ownership of coins is recorded). Anyone who held
coins before a fork, and during the fork, therefore and necessarily has coins on both forks after the fork has occurred.
It is not necessary to hold the original coin after the fork has occurred. With forks there is a snapshot date, where a
snapshot of the ledger is captured. The snapshot happens at a block number, the block number is important with
forks, the calendar date is only important in understanding when the block number occurred. Thus, in general, if one
wants to “be in for the fork” and thus get “free coins” they must have their transaction added to the ledger before
the snapshot occurs.

Speaking of FREE Coins, did you know that buy owning NEO Coins, you get a secondary Bi-Product Coin called GAS.If
you want to know how much NEO you need and how much GAS that will give you see https://neotogas.com/

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It's the Fed’s…. Crypto & the ATO

Full Article: https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/

Transacting with bitcoin

Transacting with bitcoin is akin to a barter arrangement, with similar tax consequences. Our view is that bitcoin is
neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax
(GST) purposes. Bitcoin is, however, an asset for capital gains tax (CGT) purposes.

You need to keep the following records for bitcoin transactions:

• the date of the transactions

• the amount in Australian dollars (which can be taken from a reputable online exchange)
• what the transaction was for
• who the other party was (even if it’s just their bitcoin address).

Using bitcoin for personal transactions

Generally, there will be no income tax or GST implications if you are not in business or carrying on an enterprise and
you simply pay for goods or services in bitcoin (for example, acquiring personal goods or services on the internet using
bitcoin).

Where you use bitcoin to purchase goods or services for personal use or consumption, any capital gain or loss from
disposal of the bitcoin will be disregarded (as a personal use asset) provided the cost of the bitcoin is $10,000 or less.

Bitcoin for goods or services

Where you are carrying on a business and purchase business items using bitcoin (including trading stock) you are
entitled to a deduction based on the arm’s length value of the item acquired.

GST is payable on the supply of bitcoin made in the course or furtherance of your enterprise. GST is calculated on the
market value of the goods or services. This is ordinarily equal to the fair market value of the bitcoin at the time of the
transaction.

Capital gains

There may also be capital gains tax consequences where you dispose of bitcoin as part of carrying on a business.
However, any capital gain is reduced by the amount that is included in your assessable income as ordinary income.

Speak with your Accountant.

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Research, Research & more Research.

So as you may have noticed, news and technology developments/changes is what can make a coin, Double, Triple or
go Crazy (ie to The Moon as they say). So how do you find out what Coins will be doing what and when and hopefully
position yourself to take advantage? By Using the Coin Market Calendar, as per the Link below.

http://coinmarketcal.com/

You can even set Alerts on your Favourite Coins.

Select Coin, Select Is: (Added/Hot), enter your email, tick the I’m not a Robot box (unless you are, then you have a
problem 😉. And press Create. Simple!

But I want more News!

A lot of the Coins, use Telegram or Slack to communicate upcoming Information as well. https://telegram.org/ Below
is two example but just google Telegram and the Coin name and if they have a channel it’ll come up. Also check for
Offcial Facebook Groups & Twitter Accounts

• https://t.me/powerledger
• https://t.me/CryptoDelta

Market Forecasts based on Machine Learning

https://walletinvestor.com/forecast

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Who to trust and Follow on YouTube
There are lots of Youtubers Shilling their own Products, Training, Paid Member Groups, ICO’s or perhaps they have
been paid to promote a coin or they have enough loyal followers that merely mentioning a coin will result in a Pump &
Dump which they already own.

I like the following Youtubers because they are Authentic, have good Information and should they be getting paid
(sponsored) or they own a coin they are talking about in their Portfolio they will outright tell you.

1. Doug Polk https://www.youtube.com/channel/UC4sS8q8E5ayyghbhiPon4uw

a. Sarcastic and for Entertainment but still a no BS approach
2. The Crypto Lark https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA
a. Just a Dude talking about Cryptocurrencies, on the Internet. Great Updates/Interviews
3. Nuggets News https://www.youtube.com/channel/UCLo66QVfEod0nNM_GzKNxmQ
a. Well known Australian in the space
4. Altcoin Buzz https://www.youtube.com/channel/UCGyqEtcGQQtXyUwvcy7Gmyg
5. Crypto Bobby https://www.youtube.com/channel/UCt_oM56Ui0BCCgi0Yc-Wh3Q
6. DataDash https://www.youtube.com/channel/UCCatR7nWbYrkVXdxXb4cGXw
7. Cryptocurrency Australia https://www.youtube.com/channel/UCVQJXvrcil-95HcnSiUjNmg

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Trading Vs Holding!

Trading is often a more hands on approach constantly reading the charts moving from coin to coin.
Ie lots of small Trades in a day, 5% profit here, 6% there etc it adds up.

It's true that there are people that make huge profits in day trading crypto's. However, not everyone succeeds with
day trading, and it is also one of the reason why most people lose money trying to beat the market.

As for the common Joe's that enter the crypto scene, you probably better off just holding on to your investments at
the entry point you bought in, believe it or not, it is most likely your safest bet in this crazy market, where you will
make huge gains long term, all you must do is wait a bit longer. Most people don't become millionaires overnight, and
you probably won't too. Not everyone has the time or the skills, and that is ok. So how can the common Joe still profit
from this market without all the Bells and Whistles?

Here are some points to consider.

• Invest over periods of time, no big shot! Invest like clockwork, say every pay, or every week. There will be a
few times where you will be so certain that you might invest a lot in one go on a certain coin, and that is ok, if
you still stick to the other points below.
• Buy red, don't buy green. When the markets are down, it's discount time. buying in to coins that has just
recently mooned might delay your long-term profits a bit more. Unless it's a coin where you routinely invest
in like clockwork, never buy when it's green.
• Patience is key. This is the single most important point. If out of all these points you can only follow this one,
it's still a good practice.
• Diversify, but don't over diversify. It is never good to have all your investment in to a single coin, it could be
argued that this has worked out with certain coins, but it's a safer bet to diversify, however, don't overdo it.
Diversifying too much could also be bad, holding on to too many coins will lower the potential of you making
huge profits with just a few coins, as you would have more money invested in these few coins, the profits
could be bigger with just a few.
• If you are going to follow all these points above, remember, never day trade, just buy and hold, not everyone
can beat the market, and you will be at risk of losing your coins trying to.
• Holders have a better chance of profits in the long run, only few day traders succeed long term. If you even
doubt yourself of being able to day trade, don't.
• Be thoughtful. Whether it's wallets or exchanges. When withdrawing or transferring your valuable coins,
always try small first. I can't tell how many incidents I've seen where people lost all their coins because of
certain technical difficulties or human errors.

Remember do what you feel best suites you since it's your own hard-earned money.

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Its Mine, all Mine!

Bitcoin mining is very specialised and can be a costly exercise to invest in your own Computer to do the work.
Also if your machine is not up to the task you risk shortening its lifespan considerably by trying to mine.

One way to get the mining done is using a reputable Cloud Mining Provider like Hashflare

Create an account here: https://hashflare.io

The best contract is the SHA-256 Contract, $1.50 per 10GH/s, It’s a 1 Year Contract (you only pay once)

Now as an example a $345 USD Investment bought me e 2.3 TH/s.

Simply drag the slider along with the GH/s or TH/s amount you wish to buy and it will give you a price.

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Ok, so how do you calculate the potential return on these purchases?

Goto https://www.coinwarz.com/calculators/bitcoin-mining-calculator

Enter the Purchased hash rate, my example of 2.3TH/s is 2300 GH/s, then zero out the Power Watts and Cost. Those
Power entries are for people mining at home using their own electricity. Enter a Pool fee of 18% (Maintenance)

The Block Rewards, Difficulty and Bitcoin Price should all auto populate based on the data at the time.

Hardware cost is the cost of the contract you bought, for me that was $345 USD. Press Calculate

Below is output from that Calculator saying I’d break even in 67 days and gives me an estimated return all based on
the BTC rates.

Bitcoin Mining Calculator Summary

Days to generate one block mining solo: 34384.31 Day(s) (can vary greatly depending on your luck)

Days to generate one BTC: 2750.74 Day(s) (can vary greatly depending on the current exchange rates)

Days to break even: 67.17 Day(s) (can vary greatly depending on the current exchange rates)

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Some Real Data – The first 4 Days

Day 1 Day 2 Day 3 Day 4

Mined BTC 0.00034424 0.00032449 0.00034747 0.00037257
Maintenance BTC 0.0000493 0.00004824 0.00004915 0.00004653
Total BTC 0.00029494 0.00027625 0.00029832 0.00032604

BTC-AUD $ 7.27 $ 6.81 $ 7.35 $ 7.90

Day 2 I played with the Pool allocation which resulted in slightly under day 1 and 3

The Day 4 Results were based on adjusting the Pool Allocations to 80% ANTPool & 20% F2 Pool

To change the Pool Allocation, simply click the cog symbol on the Pools section.

Lastly you can take your mined BTC to your Coinspot Wallet (or any BTC Wallet Address) or you can re-invest it to buy
more GH/s. On the Dashboard in the BTC Balance section over to the right hand side is the re-invest option/button.

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Playing Nicely with others?

Below is a list of other well known and reputable Exchanges. As you become more familiar with
Crypto its likely you will create accounts at some of these to buy a particular coin or move money
about and transfer between wallets.

BITTREX
https://www.bittrex.com

BINANCE
https://www.binance.com

COINBASE
https://www.coinbase.com/

COINJAR
https://www.coinjar.com/

BTC Markets
https://www.btcmarkets.net

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How to Spend and not send to your Bank Account

CoinJar Swipe - Card

Spend bitcoin or dollars at 950,000 eftpos terminals throughout Australia, or withdraw as cash at
any ATM with no monthly charges. Purchase via CoinJar, you need a verified account & $29 for
ordering the card.

https://www.livingroomofsatoshi.com/
Grab any Australian (BPay) bill and pay it now. Instantly with your choice from upto 12 different
Crypto Currencies.

https://shakepay.co

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