Bitcoin Trading

Can you make a Living with Bitcoin Trading

We live in a time when the world is ruled by a health crisis caused by a new type of virus – Covid-19 or better known as coronavirus. As a result of long quarantines, restrictions on movement, and the increasingly frequent appeal to stay at home, economic activity around the world has declined, thus creating an unwelcome space for a new crisis. This time it is not another parallel health crisis but an economic crisis. It arose as a result of insufficient economic activity of businesses, but also in general from the insufficient activity of people around the world. As a result, a crisis has developed that has reduced people’s incomes due to rising costs but also left many people without jobs.

Source:industrytoday.com

That very situation with job losses, rising costs, rising product prices, and other circumstances puts people in a position to look for a new job. But the supply of vacancies has been declining lately, so people are turning to working online (in the form of freelancing) according to their skills or some other form. There are several freelance sites on the Internet that offer space for all online service providers where you can offer something. In addition, people decide to start a new, profitable small business where they invest their savings or decide to trade stocks. Apart from stock trading, cryptocurrencies, the new virtual money, have become more popular lately.

Virtual money, better known as cryptocurrencies, is something that has brought change and freshness to the world of finance. It’s a new way of paying (as more companies are accepting this way of paying), but it is also a new way of investing that more and more people are choosing. So many of them decide to take part of their savings and invest it in this new type of currency, and not in any but in Bitcoin. This is not a coincidence because it is the best of all digital virtual currencies that exist at the moment. Wondering if such an investment is worth it? Is it possible to make a living by investing and trading with Bitcoin? It remains to be seen below throughout this article.

What is Bitcoin and why is it so popular?

Source:greenfinanceinitiative.org

When it comes to cryptocurrencies we can say that they are in abundance. So in the cryptocurrency market, you can find a number of different types of coins from which you should choose your favorite. So you can browse all and see which one suits you best. It is necessary to emphasize that Bitcoin stands out as the best among them. Bitcoin is also the oldest and most sought after virtual currency that has ever existed as an option. It is a virtual currency that appeared about 10 years ago. The beginnings were a period in which no one believed in this currency, but still, after many years it proved to be great and successful. It is a simple trading currency and a currency that offers opportunities that make this currency a favorite of traders. And what are the opportunities to make a living from trading remains to be found out a little below.

Is it possible to make a living from Bitcoin trading?

Bitcoin is a great option, say economists researching the subject. According to them, this is an ideal investment option that offers a huge number of earning opportunities. Opportunities are seen in trading with them. The cryptocurrency market offers a very good opportunity for anyone who wants to make a change in the way they invest. Especially when it comes to Bitcoin, the opportunities are huge and great, especially to earn to live, say from bitcoineranew.com. This is because of the value of the coins, which are close to $ 30,000 on the stock exchanges. So make your trading strategy, warm up your hands and get to work because this opportunity is unique to you and you should not miss it. Invest wisely, invest in real-time and reap the benefits of Bitcoin trading.

Mining is the main thing that carries coins for you to trade with them

If you are wondering what it takes to get a solid amount of coins, then the answer is in this part of the article. The main thing that brings you to a larger number of coins is the Bitcoin mining. For successful mining, you need to prepare well to get the best possible results. We are sure you are wondering what exactly is needed to get great results. It is necessary to first get a rig through which you will do the mining (choose a strong enough but practical rig for the home), then choose a place where you will do the mining and join one of the mining pools. Then you will need to find a mining program for your computer through which you will perform the whole process. Once you have completed this you are ready. You need to know that for 1 bitcoin it takes a minimum of 10 minutes to mine to get it. Now that you know how important this is, take enough time, work on the mining long enough, get bitcoins and then trade them.

Why Bitcoin is the best option of all cryptocurrencies?

Source:masterthecrypto.com

If you have to choose between all the cryptocurrency options offered, everyone would advise you to choose one of the stronger ones. When we say stronger, we mean those who rank better in the virtual currency market. Among them is this one of ours that we are discussing today, it is Bitcoin. At the moment Bitcoin is the number 1 cryptocurrency on the market, but also the number 1 choice for anyone who wants to invest in them and trade with them. This is primarily because of the great value they have (as we said the value is close to $ 30,000), but also because of the ease of trading and mining that is offered by the creators. So if you are thinking about your choice, think carefully, but also consider Bitcoin as the perfect cryptocurrency at the moment that everyone who invests decides.

If your choice is bitcoin, we wish you good luck in trading, high profits that you can use for your living, and of course, be careful with trading. Good luck!

7 Best Work from Home Jobs – 2020 Guide

Lately, more and more people started working from their homes due to the recent development of events. This opened up a subject about the most profitable jobs that can be done from home. Luckily for us, the Internet has made it easy for people to choose jobs they like and make money from the comfort of their own home. There are numerous benefits of this kind of work and the most important is convenience and the overall simplicity of organizing one’s day. It is a great way to utilize your skills and talents to turn it into a decent salary. Here are the best jobs that you can do from your home office.

  1. Bitcoin Trading

Source:lifeisanepisode.com

Ever since it first appeared, Bitcoin has attracted the attention of numerous people around the world. Even though people were very cautious at first because it was a new currency, nowadays more and more people dive into the trading adventure and start making money without even leaving their homes. The most important thing is to invest your time into learning the basic principles of this type of trading, so you can have the confidence you need to join this type of endeavor. If you are interested to find out more, check thebitcoinloophole.co.

  1. Become an online tutor

If you like working with kids or students, you can easily become a tutor online. There are many platforms where you can sign up, fill out your basic info, and start earning after your interviewing process is over. There are numerous jobs for teaching English online or any other language you are fully familiar with. Of course, there are also other jobs for helping students pass their exams, write their essays, or any other task that they need help with it. It is certainly something worth looking into.

  1. Find writing job

Source:flexjobs.com

Depending on your writing skills, you can search for various types of jobs. You can work as a ghostwriter, copywriter, content creator, or write an e-book or a romance novel. Think about your preferences and the niche you are most familiar with, so that can be your starting point. There are numerous platforms where you can find writing gigs and earn from the comfort of your own home. Many people hire writers to cover various topics and publish them on their blogs and websites. If writing is something that interests you, then this job may be what you are looking for.

  1. Make an online store

Source:stylefactoryproductions.com

People like to order online, so more and more online stores get opened every day. If this is something that you’re good at and attracts your attention, it is certainly worth the try. Many people who have created online stores have realized that it is a lucrative business that can bring the owner lots of money. However, it is not an easy task to do. You must be fully familiar with each step of the way, so you don’t start losing more money than earning. Choose the products that you know the most about and think about the target audience. It is important to choose the audience you are familiar with, so you can easily communicate with them and create a fruitful relationship.

  1. Transcribe online

There are numerous people around the world who need services of transcriptionists because they simply don’t have enough time to transcribe their interviews or various types of recordings. If you type fast and you are skilled with recognizing various accents, then this may be the job that is right for you. However, it is important to pay attention to the website that offers this type of job. Make sure you read all the reviews you can find in order to avoid being scammed. Find a trusted website and start working.

  1. Work as a proofreader

If you love grammar and you’re able to find a mistake in every text you read, you may be interested in becoming a full-time proofreader. It is an interesting job that will bring you a steady income. Some companies simply need a proofreader from time to time, so they outsource this workload, while others need one every day. Think about the free time you have and the income you would like to have, so you can look for a suitable job for you.

  1. Become a virtual assistant

Source:whizzystack.com

Numerous companies hire freelancers for the repetitive tasks that need to be done. If this is something that interests you and you have excellent oral and written skills, this job may be a perfect one for you. That description often includes only the basic tasks, but in reality, it includes much more. You will need to be familiar with Excel, Word, Google docs, as well as many apps for communication. You will be the link between the management and the team. It is a very interesting job that is great for people who are not afraid to explore new possibilities, are very quick with making decisions and finding creative solutions to some everyday problems.

Thanks to the Internet, there are numerous jobs that can be found online. The most important thing is to be honest with yourself and your interests, your goals, and the possibilities. This is a great starting point towards finding an ideal job for you. Join one of many freelance platforms where you can find numerous jobs and simply start applying for the ones you like the most. The process is pretty simple and if you’re eager to work, you will definitely find a job that will bring you income that you need.

Be responsible, honest, and open about your skills, requirements, and all the services you can provide, so when you actually start working you can provide the best service possible. It is necessary for the further progress of your career to do the job the best way you can. If you’re constantly providing quality service, there will certainly be no issues for you when it comes to finding a new job.

Bitcoin Trading vs. Investing

Bitcoins are very popular in the past ten years, and they have increased in their value as the years passed by. Now they show steady growth and are very interesting for the population, most people would like to get involved, but they would like to avoid investing a lot of money into the machine and mining. This is why they turn to alternative ways of obtaining bitcoins. Trading and investing is a good alternative, and we will dive into the differences between the two in order to get these terms familiar to the reader.

Source:medium.com

Main differences

When it comes to these two, there are a few main differences that make them apart from one another.

Trading can be seen as a process that is short, and it is more dynamic when compared to investing. How it works is very simple, and the profit is obtained through the small transactions that are sometimes happening in a span of a few minutes or hours.

When it comes to trading, there are four types of different ways you can do the trading:

1. First are so-called scalpers, and this may be one of the most popular and dynamic ways of making bitcoin trades. Since the purchases and transactions occur many times a day, sometimes the one doing the transactions may be in a position of the coin no longer than a few seconds. The whole idea is to gain a lot of small amounts through every transaction.

2. Day traders got their name from the way that they make the trades since all transactions are established and wrapped up during one working day. Like the previous ones, they do this very fast, making sure that the funds have no delay and not spend too much time in their possession.

3. Momentum ones are as the name states doing all transactions at the moment, meaning that they are using the heat of the moment in order to create a wave and use the upraise to create profit. This means that the bitcoins are purchased as they are going down in price, and sold as soon as this shifts and increases the value. This way of trading is interesting, and it requires good knowledge of the prices and the cryptocurrency market itself.

Source:industrywired.com

4. Last but not least are the swingers that are using the changes in the values to create the profit. They are using daily and weekly fluctuations in values in order to make transactions and profit.

Investing can be defined as a way of handling bitcoins in such a manner that the profit is established through long term expenditure of funds. This means that the money is gathered and stored in bitcoins, and it will stay there until there is a substantial growth that is worth intervention and selling.

Investing is for the patient since it requires more years, and it is based on the prediction. Here it is crucial to follow the market and to know when to make a transaction. It is best to use the so-called wave and take the bitcoins when they are on their low, so when the prices and values increase, there can be a very high profit. This can last for years.

Time limit

Trading can be very time consuming since it requires a constant oversight of the market and the close tracking of even the smallest changes in the values since the transactions do occur in a matter of minutes and hours. Even though sometimes the transactions may occur in the span of a few days or hours, compared to the investment, it is very time-consuming as way faster. Especially due to the fact that trading uses micro-changes in the values in short intervals to make a profit.

Source:admiralmarkets.com

When it comes to investments, they may stay out for years and lay low till the market changes are favorable for the one that is owning the coin and wants to sell them.

We can say that trading is short term and investing the long term when speaking of the time needed for the profit to be established. When compared to the values of income, it may come to the same amount since the trading is making small profits often and investing bigger profits once in a while.

When it comes to the frequency of the transaction, as stated before, there is a very big difference in those, since the trading is based on an exceptional number of transactions during the day, let alone one month. On the other hand, investing may have a few months or years without transactions due to the patience and the market state of bitcoin.

Risks and safety

When it comes to potential risks, every transaction and investment may carry its own. Trading may seem like something that carries less risk since the transactions are fast and happen so often that even a slight decrease can and will be compensated. Investing can carry more risks since it can be hard to determine how the bitcoin will grow and how fast this will occur. There are indications that there will be a steady growth of the coin, but the one who invested may have to follow and see what to do if the values start to drop. This may lead to selling, or they can decide to wait and see if the values will increase as it happened.

When it comes to safety, most shareholders did state that this way of trading and investing is seen as the safest and profitable when compared to conventional ways.

If you would like to find out more about safety and security of the bitcoin trading go check out coinpedia.org.

Source:gnier.net

Conclusion

There are differences between trading and investing in bitcoin. Trading is a short term thing where the small changes in the values and fast and frequent transactions are making a profit. The profit is small per transaction, but it adds up. Investing is a long term thing, and this is important since it requires few transactions that are based on the big changes in values and bigger profit. Even though there are potential risks, both are labeled as pretty safe, even the safest of all the possible trading and investing that can be found on the market.