Why should you start learning crypto trading?

in mulierum •  3 years ago  (edited)

There are many reasons why you should start learning crypto trading.

The main reason is that I personally made $3,100 in my first 7 weeks of doing it and I want to help anyone else who wants to do the same. Another reason is because digital currencies such as Bitcoin and Ethereum will continue increasing in value over time. And lastly, you can make very easy money if you know how to properly trade/invest in digital currencies.

For those of you who are looking for a more sound explanation, let me elaborate.

Firstly, I will list the reasons why cryptocurrencies (digital currencies) increase in value over time. Digital currencies such as Bitcoin and Ethereum are limited; there is a maximum of 21 million Bitcoins that can ever be mined and there will only be about 100 million Ethereum coins. Digital currencies such as Bitcoin and Ethereum are divisible; each unit of a digital currency is infinitely dividable (e.g. 0.00005430 BTC or 0.033872 ETH) and it is possible to send less than 1 full coin. Digital currencies are inherently secure; each unit of digital currency is cryptographically secured. This means that there's no way to create more units, counterfeit units, or break the security.

Digital currencies also have other advantages such as being decentralized (meaning it doesn't depend on any single authority), fast transactions (the Bitcoin network confirms a transaction within 10 minutes, while it takes 3 to 4 days for a standard bank), and many more.

So if digital currencies increase in value over time and they have the other advantages, shouldn't you want to learn how to trade/invest in them? Well, let me list why I personally started learning crypto trading.

First of all, I wanted to try trading because I could make money while doing something that I enjoy. Secondly, Bitcoin and Ethereum increased in value over 10x from 2013 to 2017. In less than one year, Bitcoin went from $50 to over $1,000 and Ethereum went from under a dollar to over $100. Thirdly, Bitcoin and other cryptocurrencies are still in their early stages and there's still a lot of room for growth. Lastly, I wanted to help people who want to invest in cryptocurrencies but don't know where to start.

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