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Welcome to Crypto Future Wealth!

Hello!

Welcome to the Crypto Future Wealth Group, an educational resource that strives to introduce new investors to cryptocurrency, keep current investors up to date on news and industry developments, and – as our name suggests – to build lasting wealth over time by making smart, well researched investments.

Have a look around and let us know if you have any questions!

Jeff Lambert, Founder

What Is Cryptocurrency?

Cryptocurrency began as a new form of money – one that is completely digital and completely decentralized. You’ll hear this idea of “decentralization” spoken about a lot, and all that it means is that there is no central authority governing it such as a government or other authority. In order to prevent tampering, all digital coins are protected by a form of encryption called “cryptography”, which is where the term cryptocurrency comes from.

While crypto began simply as an alternative form of money, much of the crypto you hear about being invested in today is much more than that, and many of them do not serve as actual currencies at all. Today, many new tech businesses crowdfund their projects with events called “ICOs”, which are similar to IPOs in the stock market. Here, they present their ideas and offer their own crypto tokens in exchange for investments. This process is known as an Initial Coin Offering. Different tokens offer different incentives and passive income, and all crypto can be traded on a variety of online exchanges. These are some of the ways they can be utilized to build wealth.

What Types of Cryptocurrency Are There?

There are a vast and ever increasing amount of cryptocurrencies available today, and they all have unique differences. Representing businesses from almost every available industry, the sheer amount of crypto out there can be intimidating. Let’s take a look at a few of the most prominent.

After Bitcoin, Ethereum is probably the most well known. Little known fact: Ethereum was actually posed as an improvement to Bitcoin, an update which would have given BTC its own scripting language to provide functionality beyond its simple use as money. This idea didn’t take hold with the Bitcoin community, but young prodigy Vitalik Buterin turned this idea into his own project, called Ethereum. This resulted in one of the first (and most successful) ICOs, creating a crypto that was much more than a currency – Ethereum offers the ability to write “smart contracts”, automated contracts that carry out once conditions are met.

After Bitcoin, Ethereum is probably the most well known. Little known fact: Ethereum was actually posed as an improvement to Bitcoin, an update which would have given BTC its own scripting language to provide functionality beyond its simple use as money. This idea didn’t take hold with the Bitcoin community, but young prodigy Vitalik Buterin turned this idea into his own project, called Ethereum. This resulted in one of the first (and most successful) ICOs, creating a crypto that was much more than a currency – Ethereum offers the ability to write “smart contracts”, automated contracts that carry out once conditions are met.

Altcoins

“Altcoin” is just a blanket term that refers to any crypto other than Bitcoin. Technically speaking, even Ethereum is an altcoin, but it has held its own in the markets and is generally considered to be well out of the shadow of old grandaddy BTC. Most altcoins are funded with their own ICO, and these lesser-known coins often provide the best opportunity for returns on your investments – far better than with big-name cryptos like Bitcoin, Litecoin, and Ethereum.

I’m In! How Can I Start Investing?

That’s great! Entering the crypto market, while certainly confusing at times, is very exciting for many of us! As you learn more, you’ll begin to understand the true potential for growth in these burgeoning industries, and you’ll be even more enthused. While we are on the subject, let us say it one more time for the people in the back: No! It is not too late to invest in crypto! You did not miss out! We are only at 2% adoption worldwide!


Ahem, anyways… being enthusiastic about investing in crypto is great, but it is important to ensure that excitement doesn’t drive you to make any naive investments. There are plenty of scams out there waiting to prey on the new investor, so be wary. Luckily, CFW is here to help you! Let’s begin with some dead-simple steps to get involved in the crypto market.

Step One: Open an Account on Coinbase

Coinbase is a great place to start, since they offer a user friendly interface and allow you to purchase using your bank account or credit card. Sign up on their website, verify your email, then follow their instructions to verify your identity. The process should be quick and easy, and will leave you with the opportunity to buy Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. The easiest to invest into other altcoins are Bitcoin and Ethereum, so those are our recommendations.

Step Two: Send Your Crypto to an Exchange

Once the purchasing process is complete, you may want to use your newly-acquired crypto to invest in some altcoins. We recommend doing so, since they offer the highest potential returns. In order to do this, you’ll want to set up an account at a crypto exchange. We recommend Bittrex, Binance, and Kraken, but there are many more available. Setting up an account on an exchange is very similar to Coinbase, and should not take too long. Once your crypto is on the exchange, you are ready to buy any altcoin listed there. Congratulations! You are now a crypto investor.

Further Education

This guide should adequately prepare you for entrance into the world of crypto. To supplement this information, here are some links that should be helpful:

CFW Beginner Articles

These articles are beginner friendly, and should improve your general knowledge base. Give them a read, and feel free to leave a comment to let us know what you think!

Get Connected

This is the “group” part of the Crypto Future Wealth Group! We are more than what you see here – introduce yourself in our Telegram, and feel free to ask any questions you may have. These groups are monitored daily, and are great resources!

Crypto Future Wealth Academy

Crypto education is our passion, and that’s why we offer so much of this information freely on CryptoFutureWealth.io, in our Facebook group, and in our Telegram. For those who are serious about a crypto education, and who want access to exclusive webinars, course material, interviews, crypto AMAs, and live ICO research, we offer the Guru Academy. For more information, including pricing, testimonials, and available course material, click the link below or use the chat feature to ask us personally.

Joining the ranks of the Money Team could just be the smartest financial decision you ever make.

Join our community on Telegram


Learn How To Build Wealth With Crypto.  Get Started Now.


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The above references an opinion and is for information purposes only.
It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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