Bitcoin's sons - First Steps in Crypto World

Starting in crypto world

First steps in crypto world aren't simple as someone could say. There are so many things to learn and to talk about. So I start this blog to help all the newbies to cryptos.

Bitcoin

Probably if you are here you know what is a Bitcoin. If you don't, please check the wikipedia page here.

There is, by now, a lot of media attention on bitcoin and also a lot of speculation. It have been created from evil men for their criminal traffics(buy cocaine, guns and other prohibited stuff on Silkroad, accesible from Tor browser) but at least bitcoin is the best way to free us from the central banks all around the world.
The wealth is produced with a PC(a good one indeed) or better with the mining rigs.

I don't say much more on bitcoin because there are many other blogs, sites out there that have done this before and probably better than I could do.

For example if you are interested you could try to go on https://bitcointalk.org/index.php. A forum born for bitcoin but there are many interesting threads and posts where you can find many answers to your questions.

First steps in Crypto

One of the first thing that I recommend to do is to look at the site where are listed all the market caps of the altcoins(included bitcoins of course) and their relative price for each coin.

List of the first 7 altcoins with greater market cap.

As you can see in the image here are reported all the major altcoins(by now listed 163 currencies) and is listed for each of them, name, market capitalization, price for each coin, total supply of coins currently in circulation(coins mined till now), volume on the exchanges in the last 24 hours, the variation per cent respect previous 24 hours and finally the market graph in the last 30-60-90 days.

The current price is determined on the base of the last 24 hours volume on all the exchanges that trade that altcoin through a weighted average. If you're a curious guy try to click on price and look at.

To understand the volatility of crypto currencies take one of the coin in the middle of this chart (ex. 50-60 position) and keep an eye on its variations. You should learn that investing in cryptos is good but it could reveal also not so good in many case.

For this I will try to spend some time on the altcoins that could have a future in cryptos.