Bitcoin Trading: Learn How to be Consistently Successful in Bitcoin Trading

Bitcoin Trading

Table of Contents

Title Page

Bitcoin Trading: Learn How to be Consistently Successful in Bitcoin Trading

Chapter—1 | Who Invented Bitcoin?

Chapter – 2 | How to trade Bitcoin?

Chapter – 3 | Bitcoin v/s Forex Trading

Chapter – 4 | Best Cryptocurrency Platforms

Chapter—5 | Is Bitcoin a Good Investment for the 2020?

Ende

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While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived insights of specific persons, peoples, or organizations are unintentional.

In practical advice books, as in life, there are no guarantees of income made. Readers are cautioned to rely on their own judgment about their individual circumstances to act accordingly.

This book is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting and finance fields.

Introduction 

A cryptocurrency is a digital coin, designed to be transferred between people in virtual transactions. Cryptocurrencies exist only as data and not as physical objects; you cannot actually hold a Bitcoin in your hand or keep Ethereum in your safe.

Are you interested in trading the highly sought-after digital currency? It’s high time to get on board in the digital currency market so that you no longer get left behind. Every day people are joining to start trading in the digital currency of the future, never think you already missed the boat. While the Cryptocurrency is just in its infancy, you can think about entering the market through reliable Bitcoin trading platforms.

Bitcoin was the first digital currency to be created. It is also the most popular, respected and traded cryptocurrency in the world. Bitcoin trading is booming, and a big reason for this is the volatility of this cryptocurrency. Currency trading allows for maximum yield when it is volatile – lots of ups and downs. This is precisely the reason global traders enjoy trading Bitcoin. Plenty of profitable opportunities are available when markets are volatile, and Bitcoin ranks highly with currency traders.

The media plays a big part in the volatility of Bitcoin. Whenever there is any breaking news, Bitcoin volatility increases and traders rush to cash in. History has shown that Bitcoin traders and speculators routinely push this digital currency to the forefront of CFD trading.

Besides trading, Bitcoins are increasingly being used as the preferred payment option for merchants, money transfers and trading purposes. More traders are turning to Bitcoin trading than ever before, and that is why this cryptocurrency is inherently valuable. It is a high demand financial trading instrument, despite no association with governments or central banks.

Bitcoins are mined with powerful computer hardware and software. A maximum of 21 million Bitcoin will be available, after which no further Bitcoin will be produced. The algorithm which governs the production of Bitcoin limits the quantity that will be produced, and the rate at which they will be produced. It is a finite commodity – there is a fixed amount, and that ensures that greater demand will always prop up the price. In this way, it is similar to other finite commodities such as crude oil, silver, or gold.

Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. Bitcoin are not issued or backed by any banks or governments, nor are individual Bitcoin valuable as a commodity. Despite it’s not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.

There are many bitcoin supporters who believe that digital currency is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself backed by any government or central bank authority, bitcoin can be exchanged for traditional currencies. In fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.

The concept of a virtual currency is still novel and, compared to traditional investments, Bitcoin doesn't have much of a long track record or history of credibility to back it. With their increasing use, Bitcoins are becoming less experimental every day, of course; still, after eight years, they (like all digital currencies) remain in a development phase, still evolving. It is pretty much the highest-risk, highest-return investment that you can possibly make, says Barry Silbert, CEO of Digital Currency Group, which builds and invests in Bitcoin and blockchain companies.

The truth is that Bitcoin is the hottest trading