Published in cooperation between 99bitcoins and the Gilroy Dispatch
Crypto opens new avenues to Gilroy residents for investment and interaction with digital finance. Digital assets function on blockchain networks, providing more control and transparency than regular banking.
Their growing popularity makes sense—people enjoy having greater financial freedom, and the technology behind crypto unlocks financial possibilities that weren’t available before.
To get started with crypto in Gilroy, you must first learn the basics. Platforms such as Binance Academy and Investopedia offer clear, concise lessons on blockchain technology and the differences between Bitcoin, Ethereum and other cryptos.
If you learn better by listening, podcasts similar to “Unchained” and “The Pomp Podcast” make complex topics much more simple to grasp. Taking the time to understand the fundamentals now will save you headaches later.
But if you’re ready to buy—all bigger U.S. exchanges such as Coinbase, Kraken and Binance are safe for trading all kinds of assets.
Each has its strengths—Binance was made for more advanced traders, while Coinbase is beginner–friendly. Many of these platforms also offer opportunities to earn passive income through staking, where you buy, hold and earn rewards on certain cryptos.
While Bitcoin and Ethereum still dominate the market, many investors now seek the next 100x crypto to invest in—and according to popular industry expert Kliment, Pepe Unchained and similar projects he listed have shown potential for massive returns.
Security is something you shouldn’t play with when its about crypto. Hot wallets like MetaMask and Trust Wallet are convenient for daily trading but have acquired a reputation for being more vulnerable to hacking.
For some of your long–term holdings, you should consider cold storage devices like Ledger or Trezor. Many experienced investors use both types of wallets—think of hot wallets as your spending account and cold storage as your savings account.
California’s thriving crypto scene offers ample networking opportunities. Events like the LA Blockchain Summit and Bay Area meetups connect you with all kinds of industry experts and potential collaborators.
Online communities such as Reddit’s r/CryptoCurrency and various Telegram channels keep you informed about market trends and new opportunities. But insights gained from these connections are often invaluable if we consider all the market’s ups and downs.
Don’t overlook taxes—the IRS treats crypto as property, requiring detailed records of all trades. Tools such as CoinTracker and Koinly can make this whole process way easier by organizing your transactions and calculating what you owe.
Besides it keeps you out of trouble, staying compliant, also ensures the constant growth of your portfolio. Many investors learn this the hard way, so start tracking everything from day one.
Managing risk requires patience and planning. Diversify your investments across different assets, from stablecoins to promising alternatives.
Monitor your portfolio carefully and stick to your strategy even when the market is unpredictable. Emotional trading rarely pays off in crypto’s wild nature.
Successful investors often follow an easier approach—buy quality assets, hold them long–term, and avoid panic selling during market dips.
If you’re looking to do something more than invest, the crypto industry needs marketers, programmers, community moderators, and project developers all the time.
Platforms such as Gitcoin connect skilled individuals with blockchain projects. Building decentralized apps or contributing to open–source initiatives can enhance both your skills and earnings.
This industry rewards those who add value, whether through technical expertise or community building.
By learning the ropes, playing it smart, and being active within the community, Gilroy residents can thrive in crypto. This technology is changing finance daily, and getting involved now puts you ahead of the curve.
While the journey may seem daunting at first, taking it step by step makes it manageable over time.
