Previously, I blogged about how to open a Coinbase account to purchase Cryptocurrency such as Bitcoin, Ethereum or Litecoin which has been the hottest topic in town recently.
Around 1 week ago, I did my first Bitcoin purchase of S$200. For first time buyers, there is a Buy limit of S$200 imposed by Coinbase. After you done your first purchase, the buy limit will start from zero and increase day by day until it reaches back to S$200. On Monday, I bought another S$200 of Ethereum.
My current total speculation is S$400 with gains of S$49.91. That is a gain of 12.48% over roughly 2 weeks.
My experiences with Bitcoin and Ethereum are:-
- Extremely volatile. The price went higher for Bitcoin after I bought it however it was the reverse for Ethereum. The price for Ethereum plunged after I bought it. Thus, you need to have a …