Can You Earn Bitcoin without Mining and Investing

Published on June 18, 2020

Doing a job that you do not like is truly a tough thing. You probably have a good salary. However, in most cases, the salary you have can’t cover all the costs that you have. Lack of money is not the only problem that people have. Let’s say that you like to travel a lot. Even if your salary is above average, will you have time to do what you like?

All these problems convinced people that they have to look for alternatives to make money. Fortunately, advanced technology brought many opportunities to our lives. This especially counts when we talk about finding ways to make more money.

Despite that, the Internet also brought some new industries to the world. For instance, traditional gambling is not as popular as before. Many people now support online gambling because of the benefits it brings. However, the online gambling industry is not the place where you should look for more money. We do not want to say you can’t earn it. Yet, only a small group of people manage to get rich from this entertaining activity.

On the other hand, the cryptocurrency industry is experiencing popularity growth. Indeed, this industry has a turbulent past that distracts people from investing. Fortunately, more and more people understand that certainty in the business world does not exist. The Coronavirus pandemic showed that neither of the industries is perfectly safe.

As you know, Bitcoin is the most popular digital currency in the world. People that have never participated in this industry heard about it. The two most popular ways to earn Bitcoin are mining and investing.

Should I Start Mining and Investing Now?

If you have enough money for investing, why not? You can now get BTCs for a relatively fair price. The pandemic also harmed the market cup of this industry. The consequences of the crisis are visible in the value of Bitcoin as well.

The price reduction is not something that should scare you. As we said, all industries were turbulent and this especially counts when we talk about cryptocurrency.

If you do not have enough money and knowledge, this could be a problem. Fortunately for all of us, the two most popular ways of earning Bitcoin are not the only ones.

How to Earn Bitcoin without Investing and Mining?

We do not want to say that alternatives are equally profitable as investing and mining. However, when lack of money is the problem, you can’t expect to earn a lot. The good thing is to start participating in this industry. How are you going to start investing if you have never met with any cryptocurrency? Our solutions are multi-practical. You will get some experience and Bitcoins to start. Let’s find them out together.

Entrepreneurs Should Accept BTC-based Payments

We know very well that this piece of advice is not suitable for everyone. It can be useful for entrepreneurs and people that plan to start a private business. Let’s imagine that you are preparing yourself to become a business owner for the first time. Logically, you created a business plan that covers all the aspects of your business.

Well, our recommendation is to add different payment methods to your business plan. More precisely, accepting Bitcoin-based payments will allow you to earn Btc without investing or mining. This is a message to all the people that run a private business.

Work for Bitcoin

Some people are not just big fans of Bitcoin and other cryptocurrencies. They invest a lot of effort to make them more popular among people. Achieving that in today’s world is tough. Because of that, these people use different methods to change the way of thinking of people. Some of them invest in education and they strive to teach the world more about them. However, some companies accept to pay their workers in Bitcoins.

First of all, you can visit websites where you can do some simple tasks. These websites a perfect place for people that look for easy money. Fortunately for you, some of them will pay you in Bitcoin in exchange. We do not want to be too optimistic here. As you know, simple tasks are not profitable at all. The amount of BTC you will get is not going to be impressive. Still, this is a good way to make mini-steps in this industry.

If you want to make more, there is a good alternative you should know about. Some companies like to collaborate with freelancers on certain projects. Hiring a new employee for a couple of months would be unnecessary. If the owner of that company is a BTC supporter, be sure he will accept to pay you in BTCs. This is a good opportunity for people that possess certain skills. For instance, you can start working as a freelance content writer, graphic designer, etc.

Online Gambling

The online gambling industry is experiencing popularity growth in the entire world. Because of that, online casinos need to follow the latest trends including those associated with payment methods. Some casinos will pay you off in Bitcoins.

Still, there is one thing that we have to say about this method of earning Bitcoin. It is the riskest way of earning Bitcoins of all. Indeed, you need to take certain risks when investing and mining. However, gambling is not going to be profitable for you if you do not possess the necessary gambling skills. Some people managed to earn Bitcoins in that way, but be careful if you choose this method.

Bonus Tip: Trading

In the end, we would like to talk about one of the most effective ways to earn Bitcoins. Indeed, small investments of money will be necessary here if you plan to start. Despite that, you will have to create an account by using a reliable provider.

Still, this type of earning Bitcoins is not good for everyone. The entire cryptocurrency industry is complex. You will need to spend months or years to understand how the industry’s system functions. Because of that, education to become a successful BTC trader is education.

Research this subject in theory before you even start. After that, you can find a reliable broker/mentor that will share his knowledge and experience with you. If this seems like a good option for you, we recommend you visit cfds-trader.com. Here you can find a mentor that will teach you everything you should know about online trading. When you possess those skills, you will easily manage to trade with BTC successfully.

Why Is Bitcoin Going Up?

Published on December 6, 2019December 13, 2019

Business

Bitcoin got on the market in the year of 2009. If you invested $1000 in this cryptocurrency at that point, these days your trading portfolio would be showing close to $40mil in profit. No other investment would take you to that private jet-plane. However, the history of this currency might make you even further in the past. Some attempts to create online currencies happened even before the Bitcoin got on the market. Bit Gold, so as B-Money, were formulated, but there was no time, energy, and effort made to have them fully developed. In the year 2009 mining process started, and the first transaction was recorded. During that first year, Bitcoin was only mined and not traded. It was impossible to assign a specific value to this currency. Next year, the first transaction happened by someone selling 10,000 of them for two pizzas. Oh well, he made a mistake. Just by keeping them until today, the owner would be net-worth over $100mil. A large portion of that money would be highly taxable. However, not all world citizens are allowed to trade this currency due to their citizenship restriction. Some traders are going that far to the point of giving up their current citizenship to buy crypto. Ever since then, Bitcoin had ups and downs, so as any other currency, but unlike other currencies (especially paper currencies), Bitcoin went up to the sky in the year of 2017.

We all heard about Bitcoin and traders becoming rich overnight. Some of us invested in Bitcoin just by purchasing this cryptocurrency at the right moment and keeping it up to the point when the currency reached its maximum value on the market. Since the moment when we started getting involved in currency trading and our adrenalin went up in our veins, we have done everything we could on our end to make money as soon as possible. Hours and days spent on Youtube channels, with rich showmen presenting themselves as successful traders. Some of us invested money in online education and paid courses. Fibonacci is playing a significant role in our life these days. Many great classes are available on the market, but selecting the right one that suits us might not be an easy job. We are looking into getting the best value for our Dollars. Using several different sources combined might give us the best results in our learning journey. Learning currency trading is a never-ending story. Often in life, we learn on our mistakes, so as on mistakes of others. The bottom line is – schooling in online trading does help. Understanding major market moves and taking the right position at the right time will take our home budget to another level.

You have decided to trade Bitcoin and now what?

Paper currencies are becoming less popular for online traders these days in comparison to cryptocurrencies. Trading paper currencies online might require paying close attention to world news. “War for oil” did show us how the liberation of certain countries might have an impact on the price of oil in our gas tank, so as on investment in “oil currency” online. Low wage labor in certain countries such as China created a dumping price on imported products in the United States and resulted in some economic sanctions on “Made in China” products, especially on products that ruined US manufacturing. Anti-dumping duty went up to 100% or even more so that US manufacturers can protect their position on the market and keep their standard of living. Chinese yuan was held on a deficient level for a while. These are all political things that have an impact on paper currency pairs. Trading cryptocurrency is much more comfortable. It takes less of politics and more of mathematics. That is one of the reasons why traders are heading towards a crypto direction. The next step is selecting the right broker and trading platform. Very précised trading platforms as definitely needed for accurate and fast trading. US Trading Association placed BitcoinStorm on the top position of all trading softwares due to laser-accurate performance and advance programming that results in being ahead of the markets by 0.01 seconds. Being ahead of others makes this platform the most consistent app in the world. Simplicity is an additional benefit of trading on this platform so that anyone can trade with very little or no experience.

Bitcoin is ready to move up again

Currencies can go up and down, but they can also go sideways. When the money is going sideways – it means that it is trying to determine direction. It might be the best time for taking the position on the market before that significant move does happen. Currency defended reliable price support of close to $7,700. Closely tracked 100-week MA (moving average) support is showing very strong ground these days. Investors see a current dip as the running train up the hill on which they are planning to jump on right away. In turbulent markets, the best thing to do it to go “long” within a specific time-frame. This cryptocurrency reached double-value at a certain point, so we are waiting for that significant move to take us to the same position since the ground floor already got tested several times.

Get familiar with tax laws on profit

Investing in currency trading and earning high rewards has been seen as pure profit with very little or no write-offs. As soon as you see that your investing in currency trading is showing results – it might be useful to get ahold of your local tax person. Taxes on currency trading made a profit are different in every country and getting a second passport might be useful in certain situations. After all – we are trading to make ourselves more productive, not anyone else. Profit-making with Bitcoin has great potential in the near future, and you would like to take your piece of pie as well.

Tim Sykes Review: The Advantages of a Trade Teacher and What to Look for

Published on October 31, 2019

People

If you are looking into getting a start in day trading on the penny stock market unless you are someone who has had previous experience or education in it already. The likelihood is that you will need someone to at very least give you a few pointers so that you aren’t finding yourself making elementary mistakes that could be easily avoided if you’d had just had some coaching. In the very likely scenario that you don’t have this prior experience or education, you will be looking for this person to give you the advice you need to start off, but you might not be sure where to look for or what makes one person more qualified than another, one review provides a fantastic insight into what makes the service provided by Timothy Sykes such an effective one.

It can seem strange for someone to be handing out such praise to a service such as this, and this is not something that is lost in the review. As to make sure that the claims are not baseless, it displays the facts to give some background to what makes this coaching service for trading so worthwhile. It is explained very early on in the explanation that it can be found that the person who founded the program and provides the advice has a background in trading as well as showing the success he has had during his career in finance. It goes on to provide that his success hasn’t just been limited to himself, but since deciding to go into education he has just as much success in imparting his knowledge onto those who have undertaken the course so that they can be taught how to find success themselves in the penny stock market. That there can be so many real-life examples that can be used to illustrate the effectiveness of the course is as good evidence as there can be, that if you enroll in the course and do the work. You will be able to take the skills and knowledge that you have gained and put it to use in the market in pursuit of a profit and success story of your own.

The advantages of finding a trade teacher to show you the ropes are something too many people are an obvious answer, that they will help you make more money. This is indeed true and is certainly what the course offered on Timothy Syke’s website is geared towards achieving, and most certainly teaches you the lesson and gives you the means to make more money by trading. Plenty of us will be satisfied that helping you make money is the only advantage of getting a trade teacher that you need to know about. But it is more nuanced than this and knowing that there are those of you who want a more in-depth answer this review takes notice of this and accordingly makes sure that it doesn’t skip over what makes this program beneficial to someone who wants to make the most out of the penny stock market. It explains the way that it helps you identify the best means of trading, how you should be buying and selling, how long you should commit to a position in the market, all of these things.

It explains the benefit of undertaking the course with Timothy Sykes as not simply just telling you what to trade and when to do so, but showing that you yourself are going to be able to identify when you should be buying and selling, and what you should be buying and selling so that, as mentioned make the best out of the market. This is what the program is excellent for, it teaches you how to look at the market in the most informed manner. So that when you make a good movie, you know exactly why you traded as you did, and why it was a good move. It makes it so that you are able to trade well without leaving you dependent on anyone else. You are yourself by the end a well-versed trader, rather than someone who has just had their handheld.

Before reading on, check out the following site for a real-life review: https://tradeoptionswithme.com/reviews/trading-course-reviews/tim-sykes-review

The most important thing that you should be taking into consideration when you are deciding to look for a trading teacher, aside from the obvious matter of whether it works or not, is whether the lessons can be taught to you in a way that works. This is something that is well taken care of if you choose to go with Timothy Sykes as is noted in the breakdown that can be found that there are a few different ways in which you are able to access the material that is made available by becoming a member to Timothy Sykes’ website. That there is more than one way you can access everything is undoubtedly a massive positive of the website. As depending on what works best for you, the course is able to accommodate you to allow for the most successful and efficient rate of learning the lessons that are on offer.

The obvious advantage of finding yourself a trading teacher is that it can help you make more money, this is obviously true of Timothy Sykes’ teachings as that is the end goal of any course. But where this course is better is that it teaches you how to do this, it allows for you to be successful in your own right and find the success that is well and truly your own. When looking for a trading teacher this is something you should always look for, and in addition to this, you are also able to learn in a number of ways that are made available to you on the website. Making it easier than ever to learn what there is an offer on the website to make you the most successful trader that you can be.

3 Top Tips for Getting Started with Stock Trading Today

Published on October 8, 2019

Tips

There is a range of different ways to make your money go further these days and, while choosing the right savings vehicle can always help, there is also the opportunity to invest in stocks too.

While the number of young adults choosing to invest in stocks has apparently been relatively low in recent years, it remains a very real way to get a return on your hard-earned cash. So, if you’ve been considering a step into this intriguing area of finance, here are a few of our key tips on issues to consider from the outset.

Find the right platform to use

As with most things, having the right tools can make a real difference when you’re looking to invest in stocks. There are a host of different platforms and solutions out there, so take time to consider which one would work best for you and consider other matters like commission fees or a minimum account balance.

Fortunately, if you’re really stuck on the issue, sites like the InvestorJunkie, blog for beginners investors are available. It features evaluations of a host of matters including software, robo-advisors, and stock brokers -with all of that may prove to be vital as you get started.

Consider how much you want to invest

One thing that might put many people off investing in stocks is the idea that they do not belong in the area. After all, the classic image of an investor is often someone from a wealthy background with plenty of money at their disposal.

However, anyone can get involved, and it is simply a question of how much you want to invest. As Investor’s Business Daily helpfully outlines, you can begin with relatively moderate sums and that could lead to major gains if you pick the right stocks. Ultimately though, the decision on how much to invest remains yours, and you should always take care.

Examine the areas that are right for you

Finally, another crucial element to getting started is considering the areas you want to invest in. Again, the choice is yours and there is no right or wrong way to do this, but a useful starting point could be to get involved in an area you already have an understanding of.

As the old saying goes, knowledge is power, and understanding a sector or industry may mean you can make informed decisions as you go along. That strategy may prove far more sensible than simply investing in something you do not know and hoping for the best.

Proper preparation

Getting started with investing in stocks can feel like a pretty major step to take, but the potential benefits that can be reaped from doing it simply cannot be ignored. However, it is fair to say that a little bit of planning and preparation will undoubtedly go a long way.

If you’re new to this world and are ready to get involved, we hope the ideas above will give you some food for thought as you begin your journey into this fascinating and potentially lucrative area of business.

Should you Start Trading

Published on August 10, 2019

Business

The arena of online stock trading offers many advantages while also having a number of disadvantages to people who are interested in entering this world of financial markets. The market has evolved from an open auction system to mainly a digital format. This evolution to the digital format has given people all around the world the ability to participate in what was once limited only to a privileged few. All that is needed for successful stock trading today is risking capital, internet connection, and computing power.

Historically, the online stock market has delivered very big returns to investors over time, but stock markets are also known to go down, which means that it takes away the possibility for both loss and profits. If you are unsure if you should start stock trading, we have made a list of the pros and cons of owning and trading stocks.

The advantages of online stock trading

Even though online trading of stocks for profits is usually viewed as an intimidating task, there are several advantages that any individual might experience. It is through these advantages that people in the online stock markets can estimate their potential profit.

Market access

The requirements for one person to begin stock trading are very small. Internet connection, capital, and computing power are the only things that you need to start your trading. After selecting a certain online brokerage firm and successfully opening a new trading account, you have access to the online market.

Transaction costs

In the 80s and 1990s, the cost of making a single trade on the New York Stock Exchange was anywhere from 50 dollars to 1000s of dollars depending on the size and type of trade order is made. Today, online broken offer trade executions for under 10 dollars. The online trading market has greatly reduced all trading-related commissions and feeds which is why the stock market is now available to a larger audience than just a select group.

Liquidity

Online trading has increased how much people participate in market trading exponentially. So many traders are willing to sell or buy at any given price. This means that the process of exiting and entering an open position in the stock market has been streamlined.

Leverage

The use of financial leverage has always been a big part of stock trading securities. Online stock trading has increased its availability.

Read more if you are interested in the Singapore Exchange market.

Disadvantages of trading

Discipline and emotional reactions

Online market trading provides people access to all the markets available on an everyday basis. While this is a good thing for some it might be very bad to others. A trader’s emotional state may influence his judgment on a certain trade. Whether it is fear or greed being the main drive for impulsive behavior.

Volatility

Since online trading has introduced the market with much larger volumes and participation because of its easy access, periodic spikes in pricing have grown in magnitude and in frequency. The ability for traders to instantly enter a market has created the possibility of unpredictable and sudden swings in price. For example, the release of some unexpected news and change may cause huge damage to the market and traders.

5 Most Profitable European Trading Companies in 2019

Published on May 13, 2019September 24, 2020

Business

Online trading platforms are currently the biggest sources of investment as it helped many people to make overnight profits from their home comforts. One of the best examples is the Bitcoin revolution trading platform that is known for its 100% accuracy level, advanced trading software, and insane trade returns. You can choose to invest in it or explore these top 5 European trading companies to make maximum profits in 2019. To learn how to earn more with bitcoin, check bitcoins-profit-pro.com.

1. Saxo Bank

It is a Danish investment bank that is leading the trading market from the past 25 years. It has a partnership with more than 120 banks and brokers and 300+ financial institutions providing full secured and stable multi-asset trading platform for the traders and investors.

Fees – Transparent fee structure, High trading fees, lower fees for At Platinum and VIP accounts, and $100 inactivity if not traded for 6 months.

Account opening – Fully Digital- min deposit- $2,000, Fast account opening, all countries can participate

Withdrawal – Supports different base currencies, no deposit fee, free withdrawal, deposit and withdraws through bank transfers

Web trading platform – User-friendly but no 2 step-login authentication

Markets and Products – Stock, ETF, Forex, Bond, Options, Futures, CFD, Crypto. Funds are not supported.

2. Degiro

It is an online Dutch discount broker that was established in 2013. It falls under the supervision of Netherland Authorities for Financial Market (AFM) and Dutch Central Bank (DNB). It is also a registered partner of Chamber of Commerce and Industry of Amsterdam.

Fees – Low trading fees, the yearly service fee for mutual funds, low non-trading fees, No withdrawal fee, Free ETF trade per month, high fees for Asian stock exchanges

Account opening – Complete digital account opening, no minimum deposit

Withdrawal – Free of charge but only via bank transfer

Web trading platform – User-friendly with 2 steps secured login

Markets and Products – Supports all trading instruments except Forex

3. Interactive Brokers

It is a renowned US discount broker offering brokerage and trading services from the past 41 years. The company is headquartered at Greenwich and has its branches in multiple locations like- UK, Hungary, USA, Switzerland, Hong Kong, India, China and many other parts of the world.

Fees – Transparent fee structure, Low trading fees, inactivity fee- $10

Account opening – Full digital with no minimum deposit except North Korea

Withdrawal – $10 but the first withdrawal of every month is free, supports almost all currencies

Web trading platform – User-friendly with 2 step login and clear fee report

Markets and Products – Support all trading instruments from Stock, ETF to CFD, Forex, crypto everything.

4. XTB

It is the leading trustworthy European FX and CFD broker connects investors globally to trade with more than 1500 trading instruments with a leverage ratio of up to 200:1. It comes under the supervision of world biggest authorities like FCA, KNF, Polish regulator, etc.

Fees – Low non-trading fees, no inactivity fee

Account opening – Fully digital, user-friendly and fast account opening, min deposit can vary based on the country

Withdrawal – Credit/Debit deposit and withdrawal, quick 3 days withdrawal policy, high fees for deposits through an electronic wallet

Web trading platform – Extremely customizable, user-friendly but no 2 step login security

Markets and Products – CFD and Forex for Non-European countries, real shares and ETF for Europeans along with CFD and Forex

5. Etoro

It is another leading social global broker and trading platform that lets you trade by investing in different kinds of top stocks and ETFs. You can also trade currencies, indices, commodities, and cryptocurrencies. It is very easy to operate and serves excellent for beginner traders.

Fees – Free stock and ETF trading in EU, Low trading fees for non-EU investors, transparent fee structure, high non-trading fees

Account opening – Fast account opening with no minimum deposit

Withdrawal – High withdrawal fee, credit/debit card deposit, and withdrawal, no deposit fee

Web trading platform – User-friendly, Social trading

Markets and Products – CFD, Forex, ETFs, cryptos

Tips for Trading Breakouts

Published on March 26, 2019

Business/Economy

Breakout trading can be extremely profitable and can appear to be quite easy. But is it? Or is it more complicated than it first appears? Yes and yes. It does appear to be easy, but in fact, it is not. The first skill that it requires is the ability to judge if a specific support / resistant will stand or fall. That in itself requires some trading experience. The whole reasoning behind breakout trading is to understand what might cause support and resistance to fail. Here are some of our favorite tips for using trading breakouts.

What Are the Market Breaks to Watch For?

If you witness a resistance level failing, then your goal is to put in a buy order while the market breaks out at a higher point. If the support level fails, the point is to put in your sell order while the market is breaking out below it. Basically, you are predicting which way the momentum is going. What you are looking for is a market that is stuck in between support and resistance points. With great patience and an eagle eye, watch for the market to go beyond its support or resistance. You can expect a period of volatility after such a break – that is where you want to enter. Yes, this requires great patience, but the rewards can be worthwhile.

How Do Breakouts Differ From Other Trades?

Most forex trading consists of reacting to the existing market. You watch the charts, check your own rules and make the decision to enter or not. With trading breakouts, it’s different because you are waiting for momentum to step in. That’s why it is also called momentum trading. Experienced traders are able to profit through the increase in the market’s volatility. However, it can be a bit confusing when in this type of trade, you buy high but sell low. Really, it takes guts but can be extremely rewarding.

Tips for Recognizing Breakout Trades

When you’re ready to step into trading breakouts, you have a few options. First is waiting until the volume has gone up to confirm the breakout. This typically means a surge in volume, which follows a time of trading low volumes. You can also use volatility cycles to your advantage. This involves discerning trading ranges while in a low volatility period and then going into a breakout trade while the volatility is high. Of course, you can also trade breakouts going in the trend’s direction. In this case, it’s best to enter breakouts that are following the current trend. To find the direction, take two swing points. Use them to draw your support or resistance line that is going against the trend.

Exit Plans

Keep in mind that following a breakout, there is a period of increased market volatility. Whichever breakout you choose (and there are several options) be sure to have a well-defined plan for an exit that you can quickly take advantage of if needed. So enter the breakout trade at the point you choose, but always be ready for a quick escape!

What is Bitcoin Futures?

Published on February 15, 2019August 19, 2019

Economy

The world of cryptocurrency trade, generally introduced in this 21st century, is indeed a truly exciting world. Cryptocurrency simply refers to digital money. Bitcoin falls in this category. Interestingly, like other assets, Bitcoin boasts of a futures market.

But what is a futures market? In a futures market, a buyer accepts to buy a security. This is done through a contract that states the time and price at which the security will get sold. Reflecting on this, one expert on cryptocurrency trade recently declared that selling futures contracts is a great way to short bitcoin. Yet, what are some benefits of trading in bitcoin futures?

Bitcoin futures enjoy the luxury of allowing traders to predict the future price of bitcoin. This is referred to as speculation. But just how do they do this? It’s fairly simple. The ordinary trader simply gets to bet based on the current price of bitcoin and many end up profiting massively on their speculation.

Certainly, the bitcoin futures business is big business. Illustrating this, at a recent launch of bitcoin futures in the US, the event was greeted with euphoric excitement. Amazingly, the price of bitcoin shot to a whopping US dollars 17,382.64 in just one day! Indeed, this was an all-time high.

High Prices of Bitcoin are Perilous

Is it such a good thing, in investment terms, that the price of bitcoin should soar so high? Initially, one would say yes. In reality, though, this is far from good. How? Simple. This state of things could be highly perilous for the value of bitcoin in the final analysis. In the end, bitcoin prices might fall sharply.

What are other benefits of bitcoin futures? Some of these are listed below:

It provides a central market for traders to speculate, basing on current bitcoin prices and fortunes.
It offers transparency to traders
It provides a place for centralized clearing of trade.
It offers deep liquidity to traders.
It affords an opportunity for efficient discovery of price.
It affords new investors a choice to bet against the cryptocurrency bitcoin.
It gives traders room to settle their contracts in dollars. The extra effect is that their liquidity is greatly boosted.
It gives investors a chance to trade in cryptocurrency even though they actually do not own any cryptocurrency. Eventually, this protects traders from any fluctuations in the real-time market. For check some other trading solutions. check algo-signals.com.

Great Lessons in Bitcoin Futures Trade

Undoubtedly, crypto futures today exist as a new market. Yet, is the trade in cryptocurrency futures really so new and peculiar to this 21st century? We might immediately think: Yes. Surprisingly, the answer is, again, no!

Way back in 1750 B.C in ancient Mesopotamia, this kind of trade actually happened! How? As we know, around this time, the fabled King Hammurabi of Babylon introduced a code of laws in his country. Inside the famous Hammurabi Laws was a requirement for his people to trade in goods for a specified price and at a future day.

A key component of the bitcoin futures dealing is what is called a futures contract. A futures contract is a deal to sell or buy assets at a set price on a decided date in the future. Under such a contract, one party usually buys either bonds or stocks or other commodities bitcoin, oil or gold. These are delivered only later. The other party to the contract, on the other hand, accepts to deliver the assets as arranged.

Interestingly, an important requirement of the bitcoin futures contracts is that they must be traded on exchanges that are standardized such as the CBoE or CME. Ultimately, the arrival of bitcoin futures in the world of business has had one major effect: It has encouraged traders to invest in digital currency. The ripple effect is that today the cryptocurrency Bitcoin has joined the ranks of mainstream finance options for millions of people around the world.

In conclusion? The choice is ultimately yours. What is certain is that the trade in bitcoin futures is certainly here to stay; for posterity.