If you try to trade in today's most encouraging assets, then your best answer is Bitcoin. Because? This is the most popular global crypto-currency and digital payment system. When you browse the net and read the news, you certainly see their name and see the numbers growing beside them. In 2017, everyone is talking about it and looking for ways to get more profit from it. So what is this cry?
For the first time Bitcoin was introduced to the world in 2009, when Satoshi Nakamoto published a white paper titled "Bitcoin: A peer-to-peer electronic cash system". What it has revolutionized is the peer-to-peer system (P2P), where users will be transacted directly between users and users, without any intermediary, commission or delay. All account holders are anonymous, where transactions are kept safe by code and by ordinary records. It is called block-chain and more people think of him as the future technology. So its followers are increasing more and more in the world.
Bitcoin has become the most popular this year, where its price has increased by more than 8 times. Many investors have become interested in it due to Black Friday shopping and Thanksgiving Giving, which has resulted in the increase in bitcoin more than 6% in one week.
On November 26, at 06:40 UTC, the price of Bitcoin reached its first time in history for $ 9,000. But that did not stop there, and only 35 minutes later it broke all the records in the world at $ 9,043 The entire market of crypto-currency is still being influenced by the highest value of the combined market price - $ 285 billion.
Tim Ennecking, managing director of Crypto Asset Management, advised: "Do not run behind the price of Bitcoin. Choose an entry point and follow it. With Bitcoin, you can always determine the price to stay right before - your timing It can be over and over, so be patient, and Bitcoin will allow you to come to the price. "
7 Tips for Profitable Bitcoin Trading:
Do not waste time in the crack - Learn how it works first. There are lots of information about Bitcoin online, try to use it for your own benefit.
Be careful, there will be high risk. If you want to participate in Bitcoin trading, you need to be prepared for its risk.
Remember Bitcoin but very unstable. There is nothing compared to that, so do not pour your money in a great deal, especially if you learn how to work it with it.
Choose a strategy that suits him. Currently, most of the Bitcoin traders like the dollar cost estimate, or they only hold their investment until they die (it is commonly called 'hodl or hodel').
Bring diversification into your investment and do not over-invest in one place. It is not okay to manage high risk risk.
Stay ahead (with a few steps from the world). Follow the news and discuss current trends with other members of the community. Start thinking about Bitcoin.
Keep your Bitcoin safely and avoid hackers. There is a lot of screaming around it and, unfortunately, so it can be weakened. Stay safe!
@ashraful599 these are great tips, but I could definitely use some sources, as a beginner: where can one learn more about bitcoin and how to trade? How does one come up with a good strategy?
Thanks for the article, though!
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