Should I invest Bitcoin or money into this website called Bit Connect? They say you can get a 40% monthly interest accrued daily. After a while, it increases. I am new to Steemit. I bought Bitcoin. I have an Electrum wallet for my Bitcoin. Bit Connect (BCC) is a cryptocurrency it seems and one BCC = $51 USD right now: 2017-06-26 Monday 4 PM ICT Saigon Vietnam Time:
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Bit Connect website:
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http://bitconnect.co
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Can wallets hold different cryptocurrencies?
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I think Electrum only holds Bitcoin. I have my Bitcoin in Electrum on my laptop. I think Electrum cannot hold Ethereum or Lifecoin or other kinds of cryptocurrencies. Do I have to download different wallets for each digital currency, each coin, each money thing?
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I am still learning.
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I am new. I sent some Steem Backed Dollars (SBD) from this Steemit website into Bitcoin and to my Electrum wallet on my computer. I did not transfer SBD to STEEM and then to BTC. I went SBD to BTC.
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I need more financial advice.
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Electrum is a wallet on my computer. I see there are website wallets like website email accounts but like an online bank account. It is the same as an online bank account except that the money is not centralized and managed through banks.
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Do website wallets let you hold different currencies?
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Should I keep a lot of money in a hedge thing like Steem Power (SP) but with Bit Connect or other websites?
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Inverst in STEEM
What does that mean?
I should invest more in STEEM instead of Bitcoin?
I think so
good
The only 100% safe way of storing your bitcoins is in what is called a cold storage wallet, i.e one that is physically not attached to the internet, the one I use is called Trezor, and it is easy to set up and transfer bitcoin from your online wallets to the cold storage wallet. You can also store etheruem on this but i've still not quite worked out how to do that properly myself yet, as for other altcoins I'm not to sure.
One question,
Are you trading with the coins you have ?
The link to Trezor is below....
If I can be of any more help just ask.
Good luck https://trezor.io/?a=reviewsera.com
Good. Agreed. Cold storage is better. I will try to do both or as many things as I can. I want some to be offline like in cold storage.
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I might buy Trezor or something like it.
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But why not just use a thumb drive instead of Trezor?
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I traded my SBD to BTC.
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I did that and I plan to do that by default.
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I will experiment with buying other coins too.
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But I started with Bitcoin.
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I will try to try different wallets online and offline.
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And different coins too.
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And faucets.
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Coinbase.com holds BTC, ETH & LTC. I'm trying to figure out how to mine BCC. If you know send me a reply! Good luck on your crypto hunting!
Ok. Yea. And I want to know how to collect other coins too.
I just started a new blog describing my experiences with BitConnect, Control Finance and USI Tech. They all have advantages and disadvantages. As they are all high-yield investments, many assume they are scams. I have yet to see proof that they are scams. I figured I would invest modestly and memorialize my experience. I'm prepared to lose though.
The only person that can tell you to invest or not is you. Do not take someone else's word without doing your own research first.
I have had nothing but positive things to say about all three of these programs thus far. Check out my blog article for more info. :)