Answers by Bloody
how to get bitcoin
I posted an article about this on steemit a while ago. Here it is: https://steemit.com/steemit/@pizzachain/best-ways-to-make-money-online-3-years-of-experience-ranking-of-worst-to-best
Some great ways to get bitcoin in specific:
-Signature Campaigns on Bitcointalk.org, Mining bitcoins in real life, Cloud mining bitcoins (basically equals gambling), online casinos, Faucets, Trading, Sports Betting, Buying it from exchanges with real money.
If you want to know more about the ways I obtain bitcoins through, just contact me on Bitcointalk through https://bitcointalk.org/index.php?action=profile;u=987088 or steemit on https://steemit.com/@pizzachain
I have very little money, how do I start cryptotrading with the little amount??
Great! If you don't have a lot of money, atleast you won't be tricked into a pump&dumb coin to lose all your money in 1 go. I mean... You won't be making thousands of dollars per day if you have only a little amount, but you can turn that small amount into a large amount in a couple months.
The main thing you have to do is to start researching coins. Besides, do you have a solid cashflow to fund more investments? Otherwise, try noting down your "imaginary investments" on coins, like when to buy and when you're selling. As you have a small amount of money, you wouldn't affect the prices by even a cent on most coins. If you do have a solid cashflow.
Important is to do your research. Even if you aren't investing real money yet, you should do your research too, otherwise it wouldn't make any sense to do the investments with your "imaginary budget", which is mainly meant for training your trading skills without the risk of losing real money. I did this too. I did it for a couple months untill I figured out that I wasn't made for trading.
I wasn't a supertalent on it, but I did have the motivation to keep trying. I also started investing small amounts of bitcoin I obtained through signature campaigns on bitcointalk.org. I slowly started improving on it.
So in short: Do your research. If you have a solid cashflow, start with investing some real money already. If you aren't earning a lot of money, try investing with your "imaginary budget" first.
After a while, start investing larger amounts, once you know how it all works. Very important is to keep doing your research... Although you could just gamble too, as I know someone who turnt $30 into just over $11,000 in a couple months. I know stories of people losing all their money too, so be careful with gambling it on trades.
Should i sell my LINK coins now or wait?
First of all, I would like to tell you that no one can give any advice with 100% certainty. Although one might do his research, it is impossible to be 100% sure of the future price fluctuations of cryptocurrencies
Now, to your question: I think you should sell them. And that's for a very good reason: It has just doubled in price today already and looking at the graphs of LINK, it constantly drops & rises... It's well possible that it will rise more, but I think it's going to fall down $10-20 before rising again. I suggest selling them now and buying them soon again, when the price has dropped a bit.
Are blockchain open source projects 100% trustable?
Depends... They are 100% trustable, as long as you (or a 100% trustable 3rd party) is 100% sure they can check whether the project is really 100% Open Source or still hiding a bit of code behind. And once you are sure it's all open source, you must check it. I mean... An open source project could easily hide a scam inside of thousands of lines of code... If you can't check it all, you can't be 100% sure.
Therefore I suggest waiting till a 100% trustable 3rd party has fully checked the project. You could try checking it yourself, but you would need the right knowledge and it is a whole lot of work too... It can easily take multiple hours.
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