Crypto trading is a new market that has been becoming popular lately due to the seemingly endless opportunities that it can offer. As of late, Bitcoin trading is one of the cheapest, easiest and safest ways of investing your money. In truth it may also has its own risk but the same risk is also present in other trading ventures. The point of this review is to show the benefits and also the downside of trading with bitcoin. But let us first have a brief introduction of how the people behind crypto trading are able to conceive the technology that empowers bitcoin trading.
- 1 What is Bitcoin?
- 2 Blockchain: The Backbone of Bitcoin Trading
- 3 Passive Earning with Bitcoin
- 4 Reason Why Bitcoin Trading is Becoming More Popular
- 5 Find the Trading Style that Suits You
- 6 Bitcoin Future: The Future of Bitcoin Trading
- 7 So Should You Trade or Not with Bitcoin Future?
How It All Started and the Minds Behind It
The digital currency has been a concept long before the establishment of Bitcoin. A number of people have tried to develop a system of internet-based money. But there has always been a major issue that hinders the further development of this idea. Such an issue was called the “double spending” problem. Digital currency is still a type of data, meaning that the developers have to find a way to not actually just “copy” the digital money but “spend” it instead in the truest sense.
However in 1998, Wei Dai, a Chinese computer engineer introduced his own concept of digital money, the “B-money”. In his papers, he discussed a system of digital currency that uses a set of digital non-traceable pseudonyms to send the data.
Seven years later, Nick Szabo, a blockchain technology pioneer presented his own version of digital money which he called the “Bit Gold”. His idea is more on the decentralization of digital currency. To achieve decentralization, Bitgold uses both the fundamental elements of cryptography and mining. Although both ideas were never really established in the first place, it is true that its conception is the first flames that lay the foundation of today’s cryptocurrency trading system.
The idea of Bitcoin was published in January of 2019, by an anonymous software developer that uses the pseudonym Satoshi Nakamoto. Bitcoin, a type of decentralized digital currency is said to give its users a cheaper, faster and more secure alternative to trading and transferring money than typical money transfers and online payments.
What is Bitcoin?
Basically, Bitcoin is a kind of digital file or data that can be stashed in a digital wallet. This digital wallet can be an app in your cell phone device or a software in a computer. With the use of this digital wallet, bitcoin users can effortlessly send and receive money whenever or wherever they want, regardless of location as long as they are connected to the internet. Bitcoin can also be used to pay online and other types of transactions on the internet. It can also be used to avail services and even buy tangible goods and assets. Trading with Bitcoin works just like how a conventional email work. The users have their own address that they can send to their friends so that they can send and receive Bitcoin money. But contrary to normal e-mail, the addresses that are used in bitcoin trading and transactions can only be used once. Not like other currencies, Bitcoin is not a type of physical money but it has consisted of balances that are recorded and stored in a public ledger namely the blockchain.
Bitcoin is able to process its transactions and trades through the use of “peer to peer technology”. Miners are what they call people who manage and preside over the whole Bitcoin market. These people add a new block to the blockchain and then rewarded with bitcoins although at a decreasing rate. They can also be called as the authority for the Bitcoin’s decentralized system. These miners ensure the legitimacy and integrity of the Bitcoin network. As of today the amount of Bitcoins that are not yet mined is only around 3 million. This makes it peculiar from real money. In the real world market, currencies are always released to keep up with the rate of the available goods. This is to assure that the prices’ stability can easily be managed. On the other hand, Bitcoin cash future and basically all other cryptocurrencies are released in advance based on complex mathematical algorithms.
Blockchain: The Backbone of Bitcoin Trading
The technology that makes Bitcoin trading possible is called the Blockchain. The blockchain is a public ledger of collected data and information through a network on the internet. It can be compared to a bank ledger. However, all data in the blockchain are shared in all the users on the network instead. To make sure of the reliability of a trade of bitcoin, the blockchain encrypts and validates the transaction before if records it permanently. This way of recording information is the reason for the blockchain’s breakthrough potential. This technology is the one that governs the entire bitcoin trading market.
The data that is being recorded by the. blockchain can be anything from money transfer, ownership, a contract between to people or party or even someone’s identity. On the other hand, confirmation from multiple devices or computers in the network is needed to do so. The moment that an agreement reached among the devices to list information on the blockchain, it will be permanently recorded. It cannot be changed or deleted, without being permitted by the people who made the record and also by the community.
It is called the Blockchain mainly because of the way that it works and how it records data and information. The data is packed together as a block and then linked into a chain with the other blocks of data. All the blocks are linked like a chain. All data recorded in the block cannot be modified, revised and removed without the other previous blocks being removed first. Any attempt to modify a piece of information that has been permanently recorded in the blockchain will be easily seen by all the people in the same network.
Generally, a single block stores the information that it records. For example a payment from one person to another person. It also contains even the time that it was recorded. All records also contain a digital signature that is linked to the accounts that record the information and also an identifying link like, similar to a digital fingerprint to the block before it inside the chain. This link makes the alteration or removal of a record of information very much impossible. It fortifies the block before it and assures the security of the entire chain due to the fact that more blocks are needed to be altered in order to interfere with the already existing data. A combination of these blocks results in a very secure and sturdy storage of data and information.
Passive Earning with Bitcoin
Bitcoin Trading has just been established but the opportunities it can offer are undeniably commendable. Bitcoin transactions are fast and easy. You can transfer money with a digital wallet whenever regarding location as long as you are connected online. Furthermore, the bitcoin market is available 24 hours a day. You can even trade on holidays and weekends.
Trading with bitcoins is also cheap. Fees are very cheap and sometimes free of charge. Although you can add some extra fees to your transactions. Transactions that have extra fees are highly prioritized than other transactions that are free of charge. The more fees the faster it is processed and the more it is prioritized in the network.
Due to Bitcoins’ decentralized nature, there is no such thing as an authoritarian figure that controls it. Neither a country or a central bank has a hold on its market. This means traveling abroad and crossing through borders does not affect its value since it cant be affected by national monetary systems. This also means that it doesn’t need a third party to process all of its transactions. Trade and transfer are done only by the buyer and the seller. There is no need for disclosure of personal information or other requirements that typical bank transactions demand. A bitcoin user is immune to identity theft due to this fact. All transactions and information are also being encrypted to ensure the security of the user and his investment. In typical forex and stock exchange, the traders most of the time are required to give several personal data and other information including banking history and bills. This leaves other investors that do not have a license unable to engage in the market. On the other hand, Bitcoin transactions are much more simpler and faster in nature. Those who invests merely have to buy and sell their bitcoins from the market then stashed them into their own digital wallets. Transactions with bitcoins are also irretrievable and irreversible. Meaning that once a transaction is approved by both parties, all people involved cannot cancel the trade anymore.
Bitcoin, as of now, is considered to be one of the most liquid assets in the market. Bitcoin traders can effortlessly exchange their investment to real money, physical goods and even to other assets. Bitcoin can also be traded to other kind of digital currencies. This high rate of liquidity creates a very ideal market for shareholders and investors to trade in, especially those whose after for short term investment income. Bitcoin’s high demand is also one of the main reasons that it is regarded as an excellent investment. The Bitcoin’s value will continue to swell as long as its demand will continue to rise up in the market similar to any asset. Its peak as of now in the market is nearly $10 B in value.
Reason Why Bitcoin Trading is Becoming More Popular
There are plenty of reasons why more and more people are investing in Bitcoin Trading. Here are some:
- Bitcoin transactions have lower fees than typical online payments and bank transactions
- The Bitcoin market is always open. Trade all you want all day and all night
- The market is very volatile. Though this can be also risky, once you learn when to open or exit a deal, this can profitable
- Secure and anonymous. Bitcoin transactions do not require for disclosure of personal data
Find the Trading Style that Suits You
Trading in Bitcoin, just like the conventional stock trade, also has many kinds of approaches that traders can apply in accordance with their availability and expertise. There are trading strategies that requires quick decision making and excellent technical analysis while other styles are more on patience and diligence. But anyhow these strategies have their own advantages and drawbacks. Whatever style you choose from it’s important to remember that you always choose what fits your lifestyle so that you can easily adapt to the market environment. Here are some examples of the most used trading strategies that are used by new traders and experience one’s alike.
Scalping is based heavily on quick technical analysis of the market. This requires just the basic skill in trading. This type of trading style is more focused on making investments at the least amount of time. Scalpers will typically be based on charts or other market news to gain profit as quickly as possible. The motive is not holding investments but just exploiting the growth of trading market volumes and getting out even with a small income. Repeating this process for multiple times a day ensures for a win. Most bitcoin scalpers would often rely on short lived charts of their own trades then buying and selling as quickly as possible. Some scalpers may even engage in more than a hundred deals per trading day given that they are active. However, this also means that you have to pay for lots of fees. Always make sure that all of your trades are indeed giving you profits after calculating the fees before going in. This may require you to plan beforehand and most importantly excellent judging skills if you want to pursue scalping. Rolling your investment is one of the best tactics in scalping. Take advantage of the market trends and try to make profit on your way up and buy in the lower. Scalping can be highly profitable given that you are willing to learn in order to do it right. On the other hand, if you have a short temper and are frustrated easily, this can also cause you to lose money. You have to know the right time to pause in trading.
- Position Trading
Position trading is a type of long term trading. In simple terms, position traders are the type of traders that more likely will not focus on the charts or some time. They do not rely solely on bitcoin trading for daily income. This style calls for a definite faith in the market holdings typically attained through a deep study on market tradings and the preceding history of trends in the bitcoin market. These kinds of traders are typically those that try to take a deeper perspective on the market’s future possibilities and trends. Position traders tend to research thoroughly and have a more critical view on the market. This is not advisable for people who only want to rely on their daily income in bitcoin trading because this is more like investing and not trading. This trading style requires patience as you will have to hold on to your position in no matter what is the market’s trend. Success in trading is very much proportional to the level of understanding of yourself and the gauging of your own skills and experience.
- Day Trading
Day trading just like what the name implies is a type of bitcoin trading strategy the is done during the day, mainly because this is the time that the market is highly active. This is a type of short term trading that is most preferred by people who want to invest more time in bitcoin trading. Its difference with scalping is that the trades in day trading may take longer, usually in a span of few minutes or a few hours. Because of this, this is very ideal for people who are more diligent in searching in the market for better deals, those people who are less patient and less impulsive than scalp traders. Day trading suits more on people who wants to fully rely their daily income in bitcoin trading. This means that these people are considered as full time bitcoin traders. Those that can fully commit in trading due to the fact that bitcoin prices in the market can swing and the values can easily be highly profitable at any time during the day. This calls for a more hands-on approach and focus. Risk in day trading can be lessened by trading with fewer investments. Day traders are easily satisfied by knowing that their money is gaining profit and keeps growing each in every end of the day. This trading style has a lot of risks and needs you to be able to act quickly to the changes in the market prices. Remember to set your limits when engaging in bitcoin trades. But all in all, this trading style can give you more profit than a scalper.
- Swing Trading
Swing trading is very much like day trading but more on a broader time scale. Day trading can still be considered as a type of short term trading due to the fact that trades are decided in a day while swing trading could take a week or even months. Swing trading involves making an opening then leaving it open for a long span of time. During this, the trader monitors the market and should always be patient. Swing traders need to be more relaxed and should not be alarmed even to minimal changes in the market prices. These traders tend to be more patient than other types of traders. They always analyze the market and are always optimistic to find good deals. Swing trading is much more preferred by most traders. You should be able to use wide margins to control openings and secure profits. Those who already have previous experience in forex and stock exchange are in an upper hand in swing trading due to the fact that those people have excellent skills in analyzing markets, more patients and do not easily believe on news about dropping of market values.
Bitcoin Future: The Future of Bitcoin Trading
Once you decided to try and invest in Bitcoin trading you might wanna try using a bitcoin trading bot. These types of software can give you a big boost if you are a newbie in bitcoin trading. Although experienced traders also prefer using trading bots because of the commendable advantage this software gives. One trading bot that has been garnering popularity among traders as of late is Bitcoin Future.
Bitcoin Future is a kind of automated bitcoin trading software. Bitcoin Future software is designed by experienced traders for other traders or for those who aspire to be one. Bitcoin Future value predictions claim to be 99% accurate, much higher than other trading bots in the market. With an initial deposit of $250, you can start trading with the Bitcoin Future software.
Main Features of the Bitcoin Future App
Bitcoin Future software claims to have a 99% accuracy. This is much higher than other conventional trading bots. And since this bot is automated, you don’t really have to invest much time in checking the markets and analyzing the future trends of prices. Bitcoin Future will do the job for you. All you have to do is click the live button and you can leave it as is.
Bitcoin Future bot can predict a bitcoin future price at 0.01 second ahead of the bitcoin market. It may not seem that much but in the world of bitcoin trading where prices can fluctuate at any given time, this can potentially be a boost in order to find better deals or buy and sell bitcoin in just a tight time.
Recognized by the U.S. Trading Association
Bitcoin Future is the best trading software according to U.S. Trading Association.
Create an Account and Try for Yourself
- Create an Account
Visit the Bitcoin Future website and just fill in the required information on the form provided.
- Deposit Your Initial Investment
After your account is created, you will have to make your initial deposit of only $250 in order to start trading. You will then be linked to a broker. The broker can accept a number of deposit methods such as Credit and Debit Card, Payoneer, Neteller and Skrill. Note that all transactions and data that you provide in the Bitcoin Future app are all confidential.
Once your initial investment is deposited, you can now proceed to trade using the Bitcoin Future software’s live mode. Just go to the Bitcoin Future app settings and set the Auto-Trade option to “ON”.
I greatly recommend to just trade with the lowest amount possible. After making sure that the Bitcoin Future bot is actually giving you profits then you can slowly increase the amount that you want to trade-in.
So Should You Trade or Not with Bitcoin Future?
If you’re still having second thoughts on whether you should invest in Bitcoin trading, just try to consider the great opportunities that this market can give you. Although it may have some risk ( though all types of trading, digital or real-life has risk ) it is also true that compared to typical stock trading, Bitcoin trading is pretty much hassle-free and the chance of losing money is very low. I really would recommend using a trading bot to help you in trading. Bitcoin Future and its features can really give you a large boost in bitcoin trading. With Bitcoin Future software’s high accuracy, you can really be at ease because you know that your money is in good hands. Earning money is just a click away with Bitcoin Future.