trading

What Newbies Should Know About Bitcoin Trading

With over a decade of experience on the market and incredible money-making potential at its side, Bitcoin is one of the best investment opportunities someone can go for these days. Cryptocurrency has become a pretty popular trend with budding investors, especially when Bitcoin trading comes into play. The activity has been around since the birth of Bitcoin and is an excellent option for any newbie, but there are some things you should know about it before you dive in. If you’re considering starting a Bitcoin trading venture, here are a few things you should keep in mind.

The Essence of Bitcoin Trading

Source:startup.info

At this point, most people have heard about Bitcoin trading. While the activity is the most popular way to profit with Bitcoin, not everyone is familiar with what it entails. In essence, Bitcoin trading isn’t too different than trading other currencies. What does set it apart is the high volatility Bitcoin entails, which can lead to massive payoffs if you play your cards rights. Like with most trading, traders buy Bitcoin when the price is lower and wait for the perfect time to sell when it reaches its peak.

Of course, there are plenty of different ways to trade Bitcoin, so doing some research before you start might be a good idea. Some people like to take big risks, so they go for the usual method we mentioned before. Others like to make quick trades by buying certain amounts of Bitcoin and selling them shortly after for a smaller profit. The versatility that Bitcoin trading offers can be a great tool, so makes sure you set clear goals for what you want before you start.

The Community Outreach

Source:leaprate.com

Most Bitcoin trading newbies dive into the activity unprepared, thinking that they can handle everything by themselves. While this isn’t impossible, it often leads to making small mistakes that could cost you big in the long run. It’s good to remember that no matter what you do, there’s always someone out there that’s been through a similar situation and can help out. Naturally, Bitcoin trading is no different.

One of the smartest things you can do as a budding Bitcoin trader is to get in touch with people who have some experience in the field and know a thing or two about it. Luckily, we live in the age of social media and the internet, so no matter where you are in the world, you can easily find Bitcoin communities online and ask for some advice. There are plenty of Bitcoin-focused groups across Facebook, Twitter, and Reddit. If you set up an account and explore these groups, you’ll find many Bitcoin enthusiasts sharing their trading experiences, shortcuts, and helpful tips!

The Automated Trading Trend

As we mentioned, Bitcoin trading has been around since the very start. Lucky for newbies, this means that the activity has evolved a lot over the years, giving them plenty of options that could help them out. One of these options is the recent trend of automated trading through top-notch software like bitcoindigital.io. As you can probably guess by the name, automated trading is a more laid-back approach to the classic trading method. The process doesn’t require much effort, trading knowledge, or even time!

The magic of automated trading comes with the technology built into the software. These trendy apps use advanced AI algorithms to find the best investment opportunities out there and take them for you when available. In the long run, this can mean a steady income with minimum effort. Of course, automated trading also comes with a risk. The best approach to using this software is making small adjustments to the way it works daily, so it best works in your favor.

Source:chiangraitimes.com

Exploring Other Options

It’s safe to say that Bitcoin trading is among the best Bitcoin profit methods currently available, but that doesn’t mean it’s the only one. If you’ve taken a step into the world of trading and found it wasn’t for you, you can always try other ways to profit through Bitcoin. For those looking for something a bit more challenging, reading up on methods like Bitcoin mining might be a good idea. While this option has lost much of its charm in the past couple of years, it could turn out to be exactly what you’re looking for!

You can also go for a few more laidback options, but you should remember that these usually aren’t as profitable. A popular choice at the moment is Bitcoin freelancing, where you complete gigs for Bitcoin payments. These gigs are as random as can be, ranging from quick work like filling out surveys to complicated tasks like coding. Another option you can go for is playing Bitcoin games! These entertaining minigames can earn players Bitcoin payments for clearing the levels, but they’re usually not the most rewarding of the bunch.

Knowledge Plays a Key Role

If there’s one thing we know for sure about Bitcoin trading, it’s that having a good trading strategy can be a massive advantage. While to most people it might seem pretty simple, traditional Bitcoin trading is far from it. The activity takes a lot of time, effort, and practice to master, but all of it can be very worth it in the end. Before you start Bitcoin trading, it’s a good idea to take advantage of the endless resources out there and learn as much about it as you can.

Another thing you might want to do is keep up with the latest news about Bitcoin. Bitcoin trading can be heavily affected by new trends, both in the world of Bitcoin and outside of it. Staying up to date with what’s happening on the scene can help you better adjust your strategy and prompt you to take a different approach when you run into unforeseen difficulties impairing your earnings. Make small adjustments as you go and keep changing your approach with changing times.

Easy Bitcoin Earning Methods

Since its initial release, the most popular thing about Bitcoin has been its money-making potential. The popular cryptocurrency has the potential to make users rich overnight, but this isn’t as easy as most people seem to think. There are plenty of ways users can profit through Bitcoin. Some of them are pretty easy to do and don’t require much effort, while others can be pretty daunting but may rake in much higher profits. If you’re someone who’d rather try the easy way instead of putting too much effort into earning with Bitcoin, here are some of the best methods you can check out.

Bitcoin Freelancing

Source:blog.bitrefill.com

Online freelancing is currently one of the most popular ways to earn money in the world. The method allows freelancers to work from their own homes, only using devices like a computer or a smartphone to get the job done. Seeing how popular online freelancing has become, it’s not surprising to see Bitcoin make its way into the mix. Bitcoin freelancing isn’t all that different from traditional freelancing. The only thing that separates the two is the form of payment. Naturally, Bitcoin freelancers are paid in crypto!

While Bitcoin freelancing gigs are insanely versatile, we’re going to be looking at some of the easier ones that anyone can do. The first one that comes to mind is filling out surveys. The internet classic still sports the same format. It usually consists of multiple-choice questions and takes between 5-30 minutes to complete. Another common Bitcoin freelancing gig that’s easy to complete is website testing. These gigs might be pretty simple and don’t take long to complete, but they’re also not too profitable.

You should keep in mind that Bitcoin freelancing gigs can become much more than just a quick way to earn some Bitcoin. If you become more serious about the activity as time passes, you can easily transform Bitcoin freelancing into a full-time job. Naturally, this might take away the easy part of the equation. Long-term Bitcoin freelancing work often requires more in-depth knowledge in particular fields and even some specialized skills to elevate your performance. Right now, the most popular long-term gigs you can look into include graphics design and coding gigs.

Automated Trading

Source:rd4global.com

If you’re pretty familiar with how the world of Bitcoin works, then you probably know that Bitcoin trading is one of the most profitable Bitcoin earning methods. Recently, a new trend has appeared in the Bitcoin trading scene – automated trading. If you want to do automated trading , bitcoin-profit.org  one of the best options. Automated trading software uses advanced AI tech to browse the available investment opportunities on the markets and take them when they present themselves. Although pretty new, this method is quickly becoming a go-to for most Bitcoin enthusiasts!

There’s a good reason why so many people are turning to automated trading, with the most obvious one being their ease of use. Unlike with traditional trading, users don’t need any knowledge or experience to start. On top of this, the work needed to keep the software running takes under thirty minutes a day! Thanks to these features, automated trading is the perfect choice for newbies that are a completely blank slate to anything crypto.

Bitcoin Gambling

Source:sportsbettingnews.today

Most of us a pretty familiar with the massive boom online casinos have made in recent years. These operators are go-to spots for plenty of people who love high-quality entertainment, and Bitcoin users often fall into these ranks. A big reason why so many Bitcoin users enjoy frequenting online casinos isn’t solely because of the fun games, but for the chance to win big! Since a majority of online gambling operators accept Bitcoin as a payment and withdrawal option, it’s easy to see why some Bitcoin users are quick to give them a chance.

The easy part here comes from the low effort needed to get started with this method. Playing casino games can be insanely entertaining, and many of them don’t require any particular skills or knowledge. Of course, there is a massive downside to this method. Like all gambling, playing at online Bitcoin casinos comes with lots of risks. If you do choose to give this method a try, we recommend pacing yourself, establishing a small gambling budget that you can afford to lose, and playing responsibly.

Bitcoin Games

Source:store.steampowered.com

If you’re looking for a method that won’t just make you money but keep you entertained as well, then Bitcoin games are the best choice. Most Bitcoin games take inspiration from classic arcade games. While this might not seem like a good thing for hardcore gamers, casual gamers can appreciate the action-packed gameplay and inevitable nostalgia that comes with them. Of course, a big reason why people opt in to play Bitcoin games is the rewards!

Unlike classic video games that often unlock achievements when a player does well, Bitcoin games reward players with small amounts of Bitcoin! It’s important to note that the Bitcoin rewards are pretty small, but if you play for long enough, you can earn a solid amount in due time. Another thing you should keep in mind is that Bitcoin games are by no means like the exciting PC titles you see these days. Bitcoin games can get boring and repetitive over time, so if you’re in it for fun, you might want to look at other options.

Bitcoin Streaming

If you’re stuck on gaming, you can try the rising trend of being a live streamer. Surprisingly enough, one of the biggest live streaming platforms out there allows users to tip creators in Bitcoin! Of course, we’re talking about Twitch. You should keep in mind that while being a good gamer is a big part of live streaming, something even more crucial is being a good entertainer. Twitch streaming is very similar to hosting a show, so you’ll need to have a big personality, charm your audience, and make sure to keep them coming back for more!

5 Things To Know About Cryptocurrency Exchange Fees

Not a day goes by that we don’t hear or read some news about cryptocurrencies. Even though when it all began, back in 2009, there were only a few dozen people who really invested their time, money, and passion into digital money, today, even the skeptics are more and more becoming a part of the crypto community. There are many benefits of this new, decentralized currency, and one doesn’t need to be an expert to trade and follow the latest crypto trends. Of course, some basic knowledge is a must in order to make profits, but knowing everything about blockchain technology is not something that should occupy your mind unless you already have some experience or have a deep interest in learning about all that. On the other side, knowing how things work, what and how exchange platforms operate, and how carefully or risky, depending on your preferences, you should invest your money should be a part of your daily routine. Like in any other type of investment, research is everything, and if properly done, the future will look bright. Even with all that, there are always some things that are changing or that you may not be aware of, like crypto exchange fees, and how come they are much lower in comparison to other charges. That is why we will now take a closer look at the top 5 things to know about exchange fees, as it is something that everyone who wants to be a part of the crypto world should know about. For those who require even more info on this topic or want to start trading right away, of course, anonymously, check Godex.io, one of the most reputable cryptocurrency exchange services currently on the market.

Source:ironx.io

1. The way it is calculated

Let’s start with exchange platforms and how they operate, as there are two basic types, and one of the main differences is how they calculate the exchange fees. While some of them have a strict policy of charging a certain amount for every single transaction you make, other platforms charge fees on a monthly basis. For those wondering how that works, after the thirty-day period, some predetermined percentage is being calculated, depending on the number of your transactions and on the spent amount. Although it may sound complicated, it is actually pretty easy, and as many experienced crypto traders state, it is a much easier way to trade. Of course, this is up to every single individual and what suits their purposes the most. As for how high the fees are, it all depends on the platform itself, and there is no real difference between these two types of charging them.

2. Exchanges are not regulated everywhere

It is necessary to keep in mind that the exchange of cryptocurrencies is not regulated in every country. Actually, many jurisdictions do not have laws when coming to those types of transactions. For many governors around the globe, the hands-off strategy to those transactions is the best way to keep using them. In that way, there are still cryptocurrencies in many significant trading markets. A patchwork of laws in the US is obliged for most of the transfers and for the biggest markets for crypto trading. It is good to know that some countries are completely banned all cryptocurrency trading and inform yourself well before you decide to finish any trade. Anyway, many dealers from those countries are finding other ways to continue trading, and one of them is moving the base to a country with better conditions.

Source:dnaindia.com

3. Trading with fiat money

Using real money for crypto exchange is something that can make transactions much easier. Regarding the payment mode, the deposit and fees can be incurred by the fiat currencies. The best thing about using the coins is that the purchase is free, and that means that there are no expensive fees and unpredicted costs. It is sometimes possible that you need to pay some small amount of money in case that the wallet needs to be set up for the new currency, but the fact is that it is not something that will give you a huge bill. Because of that, one of the best solutions is to use coins and avoid losing more money than you need to.

4. There is no access to all coins

The majority of the most famous cryptocurrencies are not offering a possibility to use all the coins that you have in your wallet. Therefore there is the possibility of transferring the funds to the other wallet and use them for the next transfers. The other alternative is to use fiat money and buy the currency you need at that moment. There are many cryptocurrencies that you can buy only by using fiat money, and getting them using the other crypto is not possible for now. Luckily, many of them are offering the possibility of importing the coins from other wallets. In that way, it is possible to finish the desired transaction, and charges for shifting between various wallets are not that high. But, you should know that those fees will be charged at each end.

5. Encouraging frequent trading

Source:hackernoon.com

Trading cryptocurrencies means big transactions that can be worth more than thousands of dollars. Because of that, fees are created in a way that will encourage more frequent exchanges. That means that if the amount of the trade money and the frequency of trading is increasing, the fees will often decrease to encourage people to trade more. Small and trades that are not frequent will bring you a lot of extra costs, and it is best to avoid them. On the other side, some big exchanges may be done without any fees, and it will save you a lot of money.

The bottom line

Although the crypto world is constantly changing and advancing, and in order to always be in the loop, proper research on a day-to-day basis is required. That is why research along with these top 5 things that everyone considering dealing with cryptocurrency exchange platforms should know about before they start trading should be on every crypto enthusiast’s list.

What are the Main Differences Between Bitcoin and Bitcoin Cash?

Many people are aware of Bitcoin and Cash cryptocurrencies. They are trading and earning massive amounts of money through these digital currencies. Everyone knows that Bitcoin was initially known and popular virtual currency, introduced by Satoshi Nakamoto in 2008.

Many people get confused between Bitcoin and Cash. These terms sound the same but are different in terms of everything. The Cash is the update of the BTC with additional changes. It is not only virtual currency but also has its blockchain. The BTC transaction is relatively secure and fast.

The price is increasing day by day, and many people cannot afford to invest in it. On the other hand, BCH is available with slight modifications, and people can afford it. Visit bmmagazine.co.uk to know some differences between these two cryptocurrencies that sounds similar.

In the following write-up, we will discuss more Bitcoin and Bitcoin Cash, including their differences. It is crucial to determine the comparison to invest in a better commodity and earn a massive amount in the future. Let us discuss how these cryptocurrencies are helpful for your investment.

Comparison Between BTC and BCH

Source:youtube

Let us compare these two digital currencies by knowing their massive differences:

1. Price

No cryptocurrency can beat Bitcoin in terms of price. With time, the BTC price is rising. According to the records, the price is increasing more than 120 million percent. After 2010, the economy of the world went into a significant recession. At that time, the value increased, and people invested their assets.

The financing world is changing a lot after the invention of this digital currency. On the other hand, BCH is stagnant, and there is no such increase in the price. The existence is not much sturdy like Bitcoin. There is a total increase of almost 65% from its time of invention.

But many people are showing their interest in the investment. If you are a beginner and cannot afford much on virtual currencies, it is the best option for making any small investment.

Source:masterthecrypto.com

2. Hash Rate

Again, BTC is the winner if we talk about the hash rate. It defines the mining power, and hence, the network of Bitcoin is quite powerful than the Cash one. Many miners are dealing with a crypto asset to safeguard their network, as well as validate all the transactions.

If we compare these two virtual currencies in terms of exhalates, then BTC is 100 and BCH is 2. Whenever you think about investing your money between these two, ensure that you consider their hash rate. It is a significant thing that one must consider before any money investment.

3. Adoption

Source:newsbtc.com

People across the globe are dealing with different cryptocurrencies, and everyone has adopted Bitcoin. If an investor knows how to invest and achieve profit, then he can earn a massive income. It is crucial to determine the correct method and the right way of implementation.

In the end, the investor can get a sum in return. If you check the daily transactions, you can observe that people worldwide have faith in it, and they are investing too. In case of adoption, BTC is beating BCH.

People do not rely much on BCH, and hence, they are not getting enough profits. The transaction cost is relatively minimum in Bitcoin. It is one of the biggest reasons for investing and exchanging currency in it.

4. Transaction Fees and Speed

Source:newsbtc.com

If we compare the speed of the transaction in both cryptocurrencies, then BTC is faster than BCH. High transaction speed is the massive reason for many people to adopt it. The blocks are placed in a queue, and all the transactions take place in an order.

If you want to prioritize the blocks, then you have to pay extra money. If you pay more, the exchange will be done quickly. On the other hand, BCH can carry more transactions in blocks. The cost of the transaction is comparatively less than BTC.

Therefore, many people prefer investing in it. Many individuals think it is hard to meet their requirements if they use BTC for millions of transactions. It is a significant factor where the Cash is leading Bitcoin.

5. Size of the Block

Source:coindesk.com

In Bitcoin, the block size is small, and in Cash, the size is large. According to different sizes, it can hold a different number of transactions. With the advancement in technology, both cryptocurrencies need to scale up.

They want to increase their block size and utilize more technologies for increasing efficiency. If we talk about the size of the block of BTC, then it is one megabyte. It can hold millions of transactions at the same time.

Whenever any user asks for the exchange, his request gets attached in the queue. All the miners require high computing power to solve complicated algorithms and equations of these cryptocurrencies. The block size matters a lot when you are deciding to make any investment.

It is crucial to get enough knowledge about the block to know how various methods take place. The size of the block plays a vital role in dealing with transactions efficiently.

The Bottom Line

Comparing Bitcoin and Bitcoin Cash is quite crucial before making any investment. If you are planning to buy any asset, you must know whether it is profitable for you or not. Many people are aware of various cryptocurrencies, but some differences make them decide to invest differently.

Undoubtedly, no digital currency can beat BTC, but BCH is the similar one with variant functionalities. It is crucial to understand their common differences for deciding on the investment. Go through complete details to make a wise decision. If you want to make frequent transactions at a low price, you must decide which one is better.

Every person has different requirements, and you can choose any digital currency that fulfills your needs. Make the right choice to get massive profits in your future. Initially, if you make the right decisions, then only you will have a better future.

When you Should Take a Break from Trading

In the trading field, the dealers can’t work all the time. Sometimes, people need a break to take a rest and generate energy for successful trading. Without taking frequent breaks, the trader will surely experience tiredness. You will agree with us that a tired person will not have the best possible performance. When people are unable to take the stress, they should take a break. It will help investors to clean their minds and think a couple of steps ahead in their trading.

Clearing your mind from time to time will do you much good. For example, you will be able to think about some new ideas that can result in even more positive movements in the future. To increase their psychological and bodily energy, people should try to reduce the pressure. Thankfully, there are a lot of different things you can do to boost your physical and psychological energy levels. Now, let’s learn about when investors should take a break.

Source:inc.com

Having a feeling of exhaustion

If someone is comfortable with trading in the morning, he should not work at night. When the person will try to work more, it will create pressure. Every person has his boundaries, and almost no person in the world can go beyond his limitations. So, the Singaporean traders should not work when they are tired as it does not provide them with better outcomes. Sometimes, the investors feel that they will miss the opportunity, so they try to keep focusing on the market constantly, which is not good for being victorious.

Surely, this only adds to the overall stress levels. If you sleep properly, you will be able to work effectively. People should not think that they will miss the exciting trade session if they do not spend time in the market. There are lots of thrilling sessions, so investors should not be bothered about this. Not performing in the best possible way for one or two of them will not mean that you’ve experienced some significant loss.

Having tough time deal with the market

Without adapting to the situation, it is not possible to gain success in the Forex field. When the market is in a bullish trend, the investors can gain good returns by applying the trend trading strategy. On the other hand, in the range market, there is hardly any possibility of making profits. So, the person should not enter the market during this time. Naturally, before entering the market, you will need to think about a tool you should use.

In case you are interested in finding the best possible platform, you can use, be sure to take a look at home.saxo. If anyone observes that his plan is not working properly and he is failing to earn the money, he should stop at that time and take a leave for that day. When you trade fx options online, make sure you are comfortable with the market. If you find things hard, take a short break from trading. After you are well-rested, you will have a much easier time when you return to the market.

News Events

News has a great impact on the direction of the market. After releasing the important news, the investors should not take immediate action. Someone who cannot take the uncertainty should try to avoid trading on Thursdays. On the other hand, some people who deal with the news should take a break on Mondays. What all this means, you ask? It means that every trader needs to have some kind of calendar, which will mean that they have both the time for relaxation and the time for work.

Source:bbva.com

If you keep an academic calendar, it will be easy for you to find the time when you should stop your work. Traders are also required to collect authentic, legitimate news to take the right action. Surely, having a proper schedule will make it easier for you to avoid things like time-wasting, and other elements you don’t really need. Thankfully, there are many different ways you can do that. You can write it on a piece of paper or you can install an app that can help you with organizing your time.

Physical Sickness

When people are physically sick, they should take proper rest and try to stop thinking about trading. As a result of sickness, a dealer is unable to keep his or her focus on their goal and fails to carry out the trading activities properly which leads to bad sequels. During this time, investors should try to eat properly and gain strength. Just think about that, when you have some kind of physical sickness, you will not be able to focus on anything other than your current state. Therefore, you will need to avoid it at all costs.

The best way for you to do that is to organize your time a little bit better and you will have enough time to have a proper rest from all the daily activities. People can also do exercise to become fit. If people try to continue the trading process, they will lose their hope and make the wrong decisions. Traders should not take physical sickness lightly as, without good health, he will not be able to deal with the big challenges. So, you should take care of your physical condition by having proper rest.

When You Have Faced Three Repeated Losing or Winning Streaks

Source:financemagnates.com

After facing continuous losing or winning streaks, traders should not try to open any new positions. Just think about it, you will need to monitor many new things after you’ve had a bad streak. Instead of overwhelming yourself with a lot of new things, you should focus on what you already have and make the most of it. However, before you do this, taking a break is something you need to do, without a doubt.

If you try to do this, there is a higher possibility of facing more losses. In the Forex field, you should try to grow the account by making a practical decision. By taking a break, people will get the chance to find out the reasons behind failures and improve their strategy if needed. What’s more, you will be able to have more thorough thinking about what are the next moves you can do to improve your situation.

The Summary

Sometimes, if an investor goes to a tourist place with his family, it helps to bring them happiness, and reduce stress and anxiety. Then the investor is able to increase their confidence level in trading. Without a doubt, this translates to more positive results in the future. Therefore, you need to be realistic about what you can achieve.

So, instead of taking too much burden on yourself, you will need to relieve stress levels, which are surely one of the commonest reasons why people underachieve sometimes. So, having proper rest is a key to success, not just for trading, but for all kinds of work.

5 Bitcoin Hacks and Secrets Every Trader Needs to Know

Getting double or triple your investment never seems bad to anyone. Who doesn’t like easy money? Of course, many do that. Therefore, the urge to get rich with a little investment has increased public interest in Bitcoin. This is also the major reason for the popularity of cryptocurrency trading. Furthermore, several success stories on the internet motivate more and more people to get into cryptocurrency trading. For example, Eddy Zillan, a crypto millionaire.

Source:in.news.yahoo.com

Only because of the amazingly true success stories, the verified users in the crypto market reached 1 million in 2018. This is proof of the truthfulness of Bitcoin and other digital currencies. But most of the people are not aware of the basics and get into this market with a little knowledge. Thus, gets in trouble and lose all of their money. Therefore, you must get to know about the hacks to get success in Bitcoin trading.

Ventsmagazine.com tells you about the purchase of Bitcoin without much investment. You can go to their Website to learn about the use of Amazon gift cards for the purchase of Bitcoin. Yes, you don’t have to use your own money if you have the gift card from amazon. So use this card to become rich.

But wait, you still have to know some secrets about Bitcoin trading. So here are the hacks that you can use;

1. Plan your Game

You might think that you already have a plan, you will do this and that and finally get success. But ask yourself how many times have you stick to your plan? Having a plan is a different thing and sticking to it is the thing you have to do. Now, to do so, you need strong will power.

Source:bitcoinexchangeguide.com

The important thing in Bitcoin trading is the time of purchase and selling. If you have bought the currency during the low time, you need to set the criteria to trade. So irrespective of the market performance, stick to your plan. But don’t just casually sit there. Analyze the market and make your move accordingly. After some time you will learn how the market works and when is the best time to sell your coin.

2. Consolidation of your portfolio

As the market goes up and down, so do the different coins. Some coins have long term potential (if you don’t know about it, you will learn that with time). The Crypto market is also like trading in the stock market. The worth of the coins can be determined through the market performance just like companies.

Source:coingape.com

For example, you have shares in a Robotics company and any cinema. So if you have to sell the shares of one of the company what will you do? Of course, the cinema because robotics has a long term benefit. The future is all about technology. Old themed and design based cinemas will no longer be there.

Similar is the case with Bitcoin trading. You have to analyze your coins and get rid of the one that does not have a long term benefit. So when you observe that the market of certain coins won’t be going up in the future, you can sell them. In this way, you will always play safe. Otherwise, the dead weight will only drag you down.

3. Never stay within the crowd

Yes, you have to cut the noise around you and should make your plan. In this way, you will move by your policies. Although it might seem that you have made a loss by staying away from the crowd that will be a short-term loss. If you want long term profitability, you have to remain in your plan.

Source:currency.com

Either remain ahead of the others behind them. For example, most of the traders are going for a certain market, but you are not sure about its performance. The best solution at such times is to stay behind the crowd and observe the trend. But if you are a trader with high market assessment potential, you will know which coins will go up.

People who work in larger groups fail to make true assessments. This is because, with more chefs, the dish will definitely get spoiled. Gossips began to start and people make wrong decisions only based upon the gossip. Therefore, keep this thing in your mind. Never follow the crowd blindly. Make your plan, your assessment and your criteria to manage investments in the business.

4. Make your own team

As mentioned above, the more the team members the gossipy it will become. But that doesn’t mean to work alone. Building a team and working along well can be a better choice. The only thing that needs accuracy is team selection. Therefore, the best way is to start with a short team, a team of 2 to 5 members.

Next is your game plan. You must ensure that all the team members get and provide information from authentic sources. Therefore, it is essential that all the team members have at least 2 or 3 subscriptions to primary authentic sources. In this way, you will be able to stay away from gossips and get the right information.

5. The need for Tools

You can provide someone with food, but it will only feed him for some time. On the other hand, if you teach someone skills to earn, he will be able to get food for a lifetime. Therefore, the need for tools is inevitable. The digital world isn’t that different from the real world. That is why you will need tools to work there.

So here we have a list of the best tools used for Bitcoin trading;

Source:icoholder.com
  • Trading view (Pro)
  • com
  • com

Conclusion

Trading isn’t child play. Although it seems like easy money, but it is not. This market is stressful. Therefore, prepare yourself to work hard. But without the right tools and knowledge, you might face failure. So equip yourself with the best tools and make your strategic game plan and there won’t be anything stopping you.

Can You Earn Bitcoin without Mining and Investing

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.

Source:smartassets.one

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.

Source:hackernoon.com

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

Source:casinosfactory.com

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?

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.

Source:aa.com.tr

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?

Source:mpex.co

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 Bitcoin-Storm 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

Source:cointelegraph.com

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.