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 four 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 incredibly easy to understand, and when you understand it, you can trade it. That’s what Bitcoin News Trader is all about. Our goal is to provide you with an environment that you can experiment with Bitcoin while staying in control of your finances. By using Bitcoin News Trader, you’re giving yourself the chance to learn more about Bitcoin and how it works through practical application in a secure 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. All we need from you is your phone number and email. Once you verify that information, you can start trading right away. Maybe we’re getting a bit ahead of ourselves, though. You should have a basic understanding of what Bitcoin is before you start your trading journey. We aim 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. You can use it to buy things, you can receive it as payment, but more importantly, you can actually invest in it without dealing in six-digit figures.
The issue with investing in the Forex is that all of the big players are extremely stable. The price movements that currencies like the dollar and euro go through are miniscule, so unless you plan on investing with the intention of holding out for ten years or you’re already a millionaire, you don’t stand to gain much in the way of percentage profit. Sure, there are programs that allow you to trade far beyond your financial limit on the Forex to maximize your profit margins, but if that trade goes wrong, you’re going to end up swamped in debt.
Bitcoin doesn’t have anything like that at all. Even a $100 Bitcoin investment has the potential to grow into something much greater, and if it doesn’t, you’re only losing a portion of your investment rather than everything you own.
That’s what Bitcoin is, but how it works is a little bit different. First and foremost, we have to tell you that Bitcoin is 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 bullions. By being like digital gold, Bitcoin gets all of the benefits that traditional gold has with none of the drawbacks like transport or storage.
Bitcoin being 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 maintain a growing value year after year, as opposed to the value of the mainstream currencies that are continuously seeing losses.
Saying that Bitcoin isn’t mainstream is a bit deceiving, though, because it very much is. Governments and banks around the world are chomping 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 has plans to implement rules on Bitcoin in 2021, legitimizing it and allowing the US government to begin utilizing it.
Even China and the European Union are 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 that is going to be a losing battle.
When all of the major players from around the globe are beginning to forgo their country’s currency for Bitcoin, you know there’s something to it.
Bitcoin is the future of finance; there are just no two ways about it. It’s only a matter of time before the bigwigs get their papers onto the desks of presidents and executives, and once that happens, you can wave to Bitcoin investors as they fly off to the moon.
That is unless you are also on that rocket ship. Bitcoin News Trader is your ticket to a new financial age. We’re aiming to get as many people on board with Bitcoin as we can, which is why we’re putting such a focus on beginners experimenting with the coin rather than offering complicated trading tools.
There are still plenty of tools available for you to use, but you don’t need to learn about them to trade in Bitcoin.
As unfortunate as it may be, Bitcoin is a ticking time bomb. Every day that passes brings us one step closer to regulation, and therefore one step closer to you losing out on the investment opportunity of a lifetime.
The sooner you get involved, the better, which is why our signup process has been minimized and streamlined.
Trading with Bitcoin News Trader is as simple as it possibly could be. We’ve made a point of making our 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 make your initial deposit. This can be any amount you want above $250, but we recommend you start exactly on that number 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.
As important as Bitcoin is to the big picture, it isn’t to the small picture. Your rent, food shopping, and bills are all more important than a Bitcoin investment.
If you have some extra cash to burn, then great! 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 how much you want to buy or sell 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.
We aim to answer these questions here. We don’t cover everything, but we’ve done our best to make sure all the common questions that we hear are taken care of.
All we have to point us towards the inventor of bitcoin is the alias “Satoshi Nakamoto.” This is the name that is credited with the creation of the Bitcoin blockchain, but we have nothing more than that.
We don’t even know if Satoshi is an individual or an entire group, although it’s far more likely the latter.
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 a 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 issue 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, 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 every one 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.