The biggest problem right now (besides being forced to jump through hoops to even buy your first coin on teh exchanges) is the fact that during times of high volatility, when price is rising or falling rapidly, it is very difficult to get out of your position. The exchanges simply go on lockdown because tehy can't handle the traffic. There is a solution tho. If you have an online brokerage account you can trade bitcoin via a U.S. exchange traded "bitcoin tracker" that follows bitcoin in lockstep. I have been giving constant updates on it in teh 2 weeks or so I have been here. It is currently under a sell signal and I am getting ready to add to my short position "hopefully" some time this week. I am looking for a MAJOR pullback. The big advantage to trading bitcoin thru this OTC exchange vehicle is that you can buy bitcoin in fifths. Instead of investing $2500 to buy 1 bitcoin, you can buy 1 share of GBTC if you want and it's like buying 1/5 of a coin based on current pricing. You can also enter and exit your trade in about 5 seconds. Try doing that with "actual" bitcon the next time it drops $500 of value in 2 days. :-) Here's a look at the very short term chart, which is truly "ominous" for anyone who is buying the current price.
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Interesting information. Thanks for providing it. As someone who is new to trading, I'm always looking for material with which to educate myself. I took $30, which is all I can spare right now, and bought a tiny bit of a piece of a Bitcoin with it on Coinbase. When it hits my Coinbase account tomorrow or the next day, I will buy some inexpensive alt coins on Bittrex, some that have been recommended here on Steemit, and see what happens. If I make a profit, I'll re-invest it in more coins, and hopefully get good results. I'm excited to try it and see what happens. Crypto is an exciting frontier.