Bitcoin and Litecoin Survival Guide

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Bitcoin and its sister currency, Litecoin, are undoubtedly the hottest developments in money this century, and both are rapidly gaining worldwide attention.

Every day, it seems, the media is filled with stories of fortunes made and lost in the mysterious ‘wild west’ that is the world of crypto-currencies.

Litecoin investors, for example, enjoyed a 33,350% return from 1st January 2013 to 1st January 2014 – which means that if you had invested just $500, you would have turned that into $168,149.19 within a single year.

But sadly some people have lost it all, because they don’t know how to protect their investment – like the guy who lost Bitcoins currently worth $12,276 when he was tricked into running a computer virus that emptied his digital wallet.

You see, for all the thousands of column inches devoted to this amazing development, there is still a lot of confusion about what Bitcoin and Litecoin are, how they work and how to avoid becoming one of the horror stories.

“This guide has not only changed the way I think about Bitcoins, it has also changed the way I handle all the websites I’m registered with. Worth reading, even if you don’t end up investing in Bitcoins!” ~ Larry, Birmingham, Al

They are the pioneers and this is their town, and just like the gold rush prospectors of the old wild west, you are entering a competitive and unfamiliar territory, with no Sheriff to help you out.

The thing is, crypto-currencies like Bitcoin and Litecoin strip away much of the expensive and bureaucratic ‘protection’ provided by the traditional banking model and they put the responsibility for your money firmly in your hands.

This gives you an unprecedented level of control, but means that one innocent slip-up can mean the loss or theft of your coins.

So if you are going to be able to ‘stake your claim’ and avoid the bandits in the badlands, you need to quickly get up to speed and learn how to survive before you can begin to thrive.

“I had been holding bitcoins for a few months and was shocked at how easily a hacker could have… Read more…