Bitcoin Trading Guide and Strategies for Beginners
Technically, you are paying money to the bank for securing & transferring the money on your behalf. In reality, everything is monitored on a ledger (bank records) & money is just transferred digitally from one account to another.
However, most investors aren’t treating bitcoin as a currency: they’re treating it as a financial commodity that might provide a return on investment.
Except in the marketing of trading courses, products or services, trading Bitcoin is no glamorous road to easy riches. Rather it is an activity demanding great patience, control and discipline. New traders are likely to lose money as they develop their skills and achieving consistent profitability is never guaranteed, even for the most experienced Bitcoin trader.
Each time Bitcoin’s price rises, new investors and speculators want their share of profits. Because Bitcoin is global and easy to send anywhere, trading bitcoin is simple.
The purpose of this article is to show this second group of people a straightforward, familiar method to take profit from Bitcoin’s price moves… without having to understand Satoshi’s blockchain, Bitcoin mining, segregated witness or any other such arcana.
Millions of people followed the saga, but far fewer chose to buy Bitcoin themselves amidst all the uncertainty and volatility.
Unlike fiat money, Bitcoins and other cryptocurrencies have no central bank that controls them which means that cryptocurrencies can be sent directly from user to user without any credit cards or banks acting as the intermediary. The major advantage of cryptocurrencies is that you can’t print them like central banks do to create fiat money.
Bitcoin Gold (BTG), the GPU-friendly forked coin based off of bitcoin, was created on October 25 to compete with BCH and to fight mining centralization, according to its creator Jack Liao.
Among the numerous websites providing Bitcoin exchange services, the positive reputation of makes it worth the trust of the users all over the world. With the customer base of over 1,000,000, the platform can be recognized as the one that can be relied on. Starting your Bitcoin trading on a platform with substantial history, you will benefit from a deep understanding of the market and customers’ needs.
Let us assume that the Greyhound bus company would like to ensure that they do not pay any more than $50 a barrel, which they use for their gasoline. They would enter the contract with Shell and agreed to purchase 25,000 barrels at $50 a barrel, 3 months from today.
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