Almost everybody has heard of Bitcoin. It’s always in the news, on social media, and discussed in social circles of every kind. It’s not just the flavor of the week, though. Bitcoin is the real deal and has been for the last few years. The impact that it has made on the financial world in such a short amount of time is unprecedented. Plenty of people are aware that Bitcoin exists, but there aren’t too many people that know what it is or fully understand it.
The technology powering it might be complicated, but on a fundamental level, Bitcoin is easy to understand on a basic level, and when you understand it, you can trade on it. And a streamlined trading experience is what Bitcoin News Trader is all about. The team’s goal is to provide you with an environment where you can learn to trade on Bitcoin. By using Bitcoin News Trader, you can learn more about Bitcoin and how it works through practical platform in a straightforward environment.
You don’t have to spend hours on market analysis to trade with Bitcoin News Trader, meaning you have more time to learn about Bitcoin on a practical level than only being aware of the trading theory. Signing up with Bitcoin News Trader is quick and straightforward. If you wish to do so, all you need to provide is your phone number and email. Once you verify that information, you can start trading right away.
But first things first. You should have a basic understanding of what Bitcoin is before you start your trading journey. The team aims to provide you with this understanding without filling your head with complicated jargon that is just going to look like gibberish.
Bitcoin is a cryptocurrency. In other words, it’s digital money. Whereas the dollar is physical, you have notes and coins; Bitcoin is fully digitized. You can still own units of it, but you can’t hold those units in your hand.
Instead, all of your Bitcoin is stored on a computer of some kind, whether it’s a dedicated crypto wallet or your smartphone. With the exception of that digitization aspect, Bitcoin functions similarly to the money that you’re already used to.
The issue with investing in Forex is that all of the big players are extremely stable. The price movements that currencies like the dollar and euro go through are minuscule, so unless you plan on investing with the intention of holding out for ten years, or you’re already a millionaire, you might not stand to gain much in the way of percentage profit. Sure, there are ways that allow you to trade far beyond your financial limit on the Forex to try and maximize your margins, but if that trade goes wrong, you can end up losing part or all of your investment.
That’s what Bitcoin is, but how it works is a little bit different. First and foremost, keep in mind that Bitcoin is considered by some to be much closer to gold than it is to the dollar.
This is important for a few reasons, but primarily because it represents stability. Gold is the most economically solid currency that the human race has ever had. It still powers many modern economies, even though people aren’t paying for spices down in the market with billions. By being like digital gold, Bitcoin may get all of the benefits that traditional gold has with none of the drawbacks like transport or storage.
Bitcoin being considered like gold is thanks to one critical feature of the coin, and that’s supply. There is only so much Bitcoin that is ever going to exist. Once the Bitcoin network reaches that number, it’s going to stop producing Bitcoin altogether.
While this isn’t going to happen for at least another 100 years, this limited supply is what allows Bitcoin to possibly maintain a growing value, as opposed to the value of some mainstream currencies that are continuously seeing losses nowadays.
Governments and banks around the world are champing at the bit to regulate it so that they can start using Bitcoin in matters of state and finance.
This isn’t just speculation, either. The SEC had plans to implement rules on Bitcoin in 2021, legitimizing it and allowing the US government to begin utilizing it.
Even the European Union is on board the cryptocurrency train, with both of them attempting to create individual cryptos to fight against what is going to be a US monopoly on Bitcoin.
Bitcoin has a 13-year head start, though, so it seems to be a losing battle.
Bitcoin is seen by some as the future of finance, and it might be a matter of time before it reaches mainstream use, and if that happens, Bitcoin value may go up substantially
The team is aiming to have as many people as possible join the Bitcoin trading market, which is why they’re putting such a focus on beginners trying their hands with the coin rather than offering complicated trading features to a select few.
As some traders will tell you, Bitcoin might be on the verge of another boom. Every day that passes may bring the world one step closer to regulation and.
Therefore, if you’re really interested in dipping your toes in the market, it might be as good a time as any, and Bitcoin News Trader might give you all that you need to start the journey.
Trading with Bitcoin News Trader is as straightforward as it possibly could be. The team made a point of making the platform as accessible as possible, so don’t worry too much if you’ve never traded anything in your life before.
The first thing you have to do is create an account and make your initial deposit. This can be any amount you want above $250, but if you’re new to Bitcoin,
$250 is enough for you to get your feet wet without risking any serious money with your trading. If $250 does look like serious money to you right now, then you might want to reconsider investing in Bitcoin altogether, it’s better to start with the minimum amount. Why? Because trading is a risky business, and as important as Bitcoin might be, your rent, food shopping, and bills are all more important than a Bitcoin investment.
If you have some extra cash to burn, by all means, you can use it to trade and get acquainted with the market. If you don’t, hold off for a little while until you do.
Once you do make that initial deposit, all that’s left is to define your trading position. This is to place a buy or sell position and at what level you want to do so.
Bitcoin is new, scary, and complicated. At times, it can even be downright intimidating. So, it’s only natural that you’d have some questions that need answering before you touch the currency with a ten-foot pole. Below are some of the most common questions that many first-time traders ask.
Nobody actually knows, but everything points towards the inventor of Bitcoin is “Satoshi Nakamoto,” an alias for either one person or a group that is credited with the creation of the Bitcoin blockchain, but no one knows more than that.
In truth, though, it doesn’t really matter who Satoshi is. The whole point of Bitcoin is that it’s decentralized and free from any authoritative bodies. The anonymity of the creator reflects that.
You have different options to choose from to store your Bitcoin. You can either use a cold wallet or a hot wallet.
Cold wallets are the less common of the two. This is because it’s less convenient to use one, but it is significantly more secure than the alternative.
Cold wallets are encrypted storage devices created specifically to hold cryptocurrency. You have to buy them online from trusted manufacturers, meaning it costs you money.
Hot wallets, on the other hand, can be anything with wallet software installed onto them. This is more common because it’s more convenient to use. However, hot wallets tend to be less secure than cold wallets because you’re maintaining a connection to the internet and an external server, whereas cold wallets are entirely self-contained.
One of the biggest issues with the traditional fiat currencies of the world is that each one is controlled by humans.
Whether it’s a government or a bank, there is a room of people that decide the who, what, where, why, and when of everything money.
This gives that group executive control over that currency. They can see where it goes when it goes there, and who is using it.
Just because your money is in the bank doesn’t mean it’s safe, but quite the opposite. Even if you’re just suspected of committing a crime, your money can be frozen or seized, whether you’re guilty or not. That is out of the question with Bitcoin because there are no suits in charge. It’s built on independent nodes, meaning there’s no one to run the show.
While 2017 is the year everyone associates with Bitcoin, it actually appeared on the scene back in 2009. Granted, it didn’t do much for the first eight years of its life, but it was still there. Once those eight years were up, though, Bitcoin was on the lips of every single investor the world over.