Category: Cryptocurrencies Traders Secrets

Cryptocurrencies Traders Secrets aims to give visitors a deeper insight into cryptocurrency trading news. A few words about cryptocurrency or crypto.
Cryptocurrency is a web-based medium of exchange that uses cryptographical functions to handle financial transactions. Cryptocurrencies use blockchain technology to realize decentralization, immutability, and transparency.
The essential feature of cryptocurrencies is that they are not controlled by any central authority. It has decentralized nature due to blockchain that makes them theoretically resistant to the traditional ways of government control.
Cryptocurrency markets are decentralized, also.

That means they are not backed by a central authority. Instead, they use a network of computers. Anyone can buy or sell them via exchanges and store in ‘wallets’.
The purpose of cryptocurrency trading news is to reveal all benefits of using cryptos to our visitors. But also its drawbacks. In numerous posts, our team is giving an explanation on how to use it, how not to use, what are the advantages as well as disadvantages. We warn how crypto can be used for illegal matters and how some “dark people” misuse it.

But Traders-Paradise’s main goal is to show to our readers how to trade cryptocurrencies like any other asset. Also, how to invest in them. We explain all strategies related to trading and investing, how to use them, what strategy to use, and when to do that, what are the best techniques and methods to trade and invest in cryptos.

Cryptocurrencies Traders Secrets is part of the website Traders-Paradise where you, our readers, can find all updated cryptocurrency trading news.

Bitcoin Price Prediction for 2019

Bitcoin price prediction can be a very tricky job. The market is volatile and Bitcoin itself is a real roller coaster.

By Guy Avtalyon

What is the Bitcoin price prediction for 2019? What can we expect? Can we expect a new bull run? Will the BTC price stabilize? Are we in for another bear year? Will Bitcoin crash or rise?

So many questions. Many experts and influencers have shared their price predictions for Bitcoin in 2019.

Most of you know of the famous Bitcoin price prediction of John McAfee. He said he will eat his dick on national television if BTC not hits $1 million by the end of 2020.

Now, McAfee didn’t give a price target for 2019, but based on his 2020 prediction Bitcoin needs to be worth just over $170,000 on December 31, 2019, to be on track to hit the $1 million mark a year later.

Well, it’s time to be serious.

Seriously, how far can Bitcoin price actually go? No one knows where the price is going to go. These sorts of price movements are common in the volatile world of cryptocurrencies.

But, 2019 is what the crypto fans are looking forward to. The NASDAQ has also vowed to launch Bitcoin futures in the first half of 2019.

One of Bloomberg’s column stated that there is a probability that FUD(Fear, Uncertainty, and Doubt) might loom over crypto space in 2019.

Also, analysts and enthusiasts kept their hopes high. Mike Novogratz said explicitly that he believes there is going to be big adaption in 2019, 2020 as he thinks there will be more contributions from people in the blockchain world.

After the state government of Ohio has announced that it is going to accept tax payments in BTC it sounds possible. The government has partnered with Bitpay to make this happen conveniently. So it is possible now the bitcoins can be converted into dollars on behalf of the tax office. The adoption rate going higher and higher.

Market Prediction For Bitcoin Price

The market is experiencing volatile conditions. Let’s take a look at the prediction with the market experts. They have been the mind of the cryptocurrency market. Let’s take a look at the famous Bitcoin predictions:

John McAfee, the founder of the popular McAfee software and a bright Bitcoin follower predicted that Bitcoin will hit $1 million by 2020.

Sam Doctor and Tom Lee Bitcoin Price Prediction

Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research of Fundstrat, believes BTC would grow.

He is counting on more institutional investors taking on Bitcoin and a steady increase in the Bitcoin user base. Lee explained the current fall in the price of bitcoin by referring to the recent plunge in the price of tech stocks, like Amazon, Apple, and Facebook. He thinks that increased institutional fortunes would help turn BTC’s future around very soon.

Tom Lee said that the BTC fair value is much higher than the current price. The current fair value is somewhere between $13,800 and $14,800 which he believes might increase and reach $150,000 per coin. As soon as bitcoin wallets account for seven percent of 4.5 billion Visa holders.

Sam Doctor, an analyst from Fundstrat along with Lee predicted that by 2019, BTC might reach nothing less than $36,000, with the probability of $64,000 at the maximum and $20,000 at its lowest.

Sonny Singh Bitcoin price prediction

In a recent interview for Bloomberg, Sonny Singh, the chief commercial officer at Bitpay commented on why it is okay not to panic looking at the current market condition.

Singh, who is a Bitcoin maximalist, called Bitcoin an “800-pound gorilla, as it has access to the most notable “network effect” of all decentralized networks. He is assertive of the fact that there is a high possibility that BTC might reach $15,000- $20,000 by Thanksgiving, 2019. He was explaining that the probability of a crypto ETF and an influx of funding for startups is high on the cards.

Ronnie Moas Bitcoin price prediction

Ronnie Moas is a cryptocurrency analyst. He predicted that BTC might reach $28,000 by 2019. Also, he believes the demand for BTC would increase with its decreasing supply. And he claims that by 2019, the adoption rate would increase. Hence, people would demand more of it. But remember, BTC is not unlimited in supply.

Anthony Pompliano Bitcoin price prediction

Anthony Pompliano, founder of Morgan Creek said that “Bitcoin isn’t going anywhere:”

Pomp tweeted that BTC might go as low as $3000, after which it will continue being bullish starting from 2019. He declared that there is no reason to freak out on the declining price as Bitcoin’s fundamentals are becoming stronger.

Traders Paradise Bitcoin price prediction

Bitcoin has been experiencing fluctuations over time. But Traders Paradise strongly believes that Bitcoin will soar up. We have to remind you that Bitcoin’s price falls when Bitcoins being used for illegal purposes. And Bitcoin experienced so many troubles like hacking and stealings. Also, you have to know that Bitcoin is still the market leader.

NASDAQ is launching BTC’s future, that too at the very beginning of 2019. So, Bitcoin’s price might reach greatly increase by the end of 2019. Hence, this year could have a good prospect and development for Bitcoin.

This year will be bullish for Bitcoin. More people will start believing in the technology behind Bitcoin. It is very possible for Bitcoin to tripled price by the middle of 2019.

There is some logical explanation, the more the trading, the more the price.

We all know there can be only 21 million Bitcoins mined, out of which 17 million has been mined already. That means only 4 million to be mine. That will make its value more. Besides that, more and more countries have shown willingness to integrate Bitcoin and other cryptocurrencies into their financial systems. The governments and the central banks will embrace the digital currencies. Hence, the demand should be more.

Truth is that regulated markets can function freely and securely.

Bitcoin prices in 2019 will be marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for experienced analysts. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster it was in 2017.

By the end of the year 2019, the Bitcoin price could reach five-digits value. That means that the 2018 bearish trend ends and shifts to the bullish trend.

Traders Paradise’s prediction is that the cryptocurrency market will experience a certain optimism in 2020. Not only Bitcoin, but all the major cryptocurrencies will also experience an upward shift.

By 2023, Bitcoin will be used more often by more people. The real-time use case will be increased. That will make it even more powerful.

3rd January 2019
Cryptocurrency Market – How It Works

This market is in permanent growth, its volatility and unpredictable liquidity are a reality.

By Guy Avtalyon

The cryptocurrency market has been segmented into mining and transaction, based on the process. In the mining process, there is a greater necessity for hardware than it is a case in the transaction process. Therefore, the market for hardware for the mining process is larger than that for software. Furthermore, a miner can take part in this process with a small investment.

Cryptocurrency is used for various applications, such as trading, remittance, and payment. These applications drive the market for cryptocurrencies.

Trading the cryptocurrency market

Cryptocurrency trading cover exchanging fiat currency with crypto. Also, it refers to exchanging, buying, and selling of cryptocurrencies. It meets some similarities of foreign exchange or forex wherein fiat currencies we can trade 24 hours a day. The number of cryptocurrencies has increased exponentially; currently, there are more than 1,500 cryptocurrencies available. Some of these coins can only be vested using major cryptocurrencies such as Bitcoin or Ethereum. To contribute to initial coin offerings (ICOs), one needs to perform trades or use a blockchain company’s services.

A large number of players are investing in developing payment gateways and platforms for the payment process of their currencies. When a customer makes a purchase using a cryptocurrency as payment, the transaction often goes through the payment gateway at a fixed exchange rate. It automatically converts to traditionally recognized fiat currency so the merchant can avoid the volatility of the cryptocurrency markets. The payment through cryptocurrency has several advantages. Enhanced transactional security, protection from fraud, decentralized system, low fees, quick international transfers.

Why invest in the cryptocurrency market?

Volatility and unpredictable liquidity are a reality of the cryptocurrencies market. You could have made tons of money if you had invested in bitcoin earlier but you would’ve lost a lot of money if you had started investing in the last few months. Because when investing in cryptocurrencies, many traditional assumptions fall flat. Managing risk in financial markets is a well-established discipline. Whether investing in equities, bonds, or currencies usually practices protect market practitioners when they are buying, selling, or intimidating. Risks are typically aligned into different categories. Market risk, credit risk, and operational risk, and complex formula are used to determine how much capital should be kept in reserve to absorb losses. The historical progress in bitcoin has increased risk appetite both for existing and newer traders. It comes with the realization that even a small exposure to cryptocurrencies could turn out to be lucrative.

The cryptocurrencies market is still developing. There are concerns about the potential for fraud and market manipulation. So, investors must take the necessary precautions. These individual risks are much more difficult to measure and manage when investing in cryptocurrencies.

Institutional demand for digital currencies

So far, most institutional investors, including banks, insurance companies, pensions, and hedge funds, have avoided cryptocurrencies. But, that attitude is beginning to change and institutional investors will soon be entering the market in a major way.

This year (2018) has been challenging for crypto investors. Global market capitalization fell amidst worries over fraud risk, escalating token issuance, and ever-shifting cyber-security threats. Accusations of market manipulation and concerns around potential naked short selling are also doing little to lessen institutional investors’ concerns about cryptocurrencies.

The effect in the market

Every big trader can exploit market illiquidity and shifting margin rules and contract limits at inexperienced cryptocurrencies exchanges. This causes a domino effect in the market and institutional investors rather stay away. The complexities and shy institutional uptake for the new cash-settled bitcoin futures products demonstrate that. But the industry must move towards a futures contract that is settled with proper warehousing standards.

Counterparty risk and custody provisions are even bigger worries for institutional investors. Although cryptocurrency exchanges are significant new platforms, they have been largely designed by the younger generation of developers. Financial institutions care more about the return of capital rather than return on capital. They are wary of the professional indemnity behind these platforms. We believe that now’s the right time for institutional investors to look seriously at making investments into cryptocurrencies. They should take part in the cryptocurrencies market.

Cryptocurrency market – potentially unlimited upside

The unpredictability of risk and the potential for high returns is the main characteristic of cryptocurrencies market. The most intelligent approach for new investors might be to hold a very small proportion of their portfolio in cryptocurrencies. This would give some exposure without excessive risk as the market continues to mature.

By the end of 2017, a lot of portfolio managers had to explain to their clients why they had only achieved single-digit returns in traditional asset classes. At the same time, some crypto funds had earned up to 2,000 percent from volatility. This shows, there is a little downside from investing 1% of the portfolio in cryptocurrencies, but the potential upside is almost unlimited.

The cryptocurrency market continues to attract new participants and liquidity should improve. This will take the time that’s the truth. Within a couple of years, cryptocurrencies will become a standard part of a diversified portfolio.

The stock market has a rich and mature history. It has seen many bubbles, market crashes, and economic recoveries. The growth of the cryptocurrencies market continues. If traditional stock exchanges continue to keep away from cryptocurrencies, they’ll miss out on a growing and profitable market.

Finally, the financial crisis of 2008 actually gave birth to Bitcoin.

22nd November 2018
What is Bitcoin Wallet and How to Open It?

The bitcoin wallet is a collection of private keys

By Guy Avtalyon

The answer is simple, a Bitcoin wallet is a collection of private keys. It may also refer to client software used to manage those keys and to make transactions on the Bitcoin network.

But there is also the technical definition. The Bitcoin wallet is a software program that stores your private and public keys (they come in pairs). It enables you to send and receive coins through the blockchain, as well as monitoring your balance.

How to open a Bitcoin wallet?

The exchanges automatically create a bitcoin wallet for new accounts, almost all of them. All you’ll have to do to be able to use a bitcoin wallet is to load it with bitcoin or some altcoins. However, as wallet providers will charge fees for any outside transaction, it may be cheaper to examine the benefits of a non-managed opportunity.

It’s easy to find plenty of free wallet options. When using a web-based wallet that means, you’ll have to share your private key with a third party. For the new users of crypto, this is maybe the easiest way to start using a bitcoin wallet. On the other hand, this isn’t suitable for privacy-minded users.
Keeping your coins in an exchange can be risky. There is a potential of losing them all. Why? Simply because you do not technically “own” the coins you’ve bought in exchange. Exchanges operate like a bank. It represents a third-party service provider and you must trust they are able to keep your coins safe. Still, there is always a chance that exchange can be shutting down or be hacked. The result could be you end up in a loss of your coins. Given the lack of regulatory frameworks on exchanges and cryptocurrencies as a whole as well as the infancy of the industry, the best way to keep your coins safe is to have total control of your coins.

How does the Bitcoin wallet work?

Ownership of your private keys gives you total control over the funds associated with your matching public keys. That’s why it is vital to make sure you keep your private keys secretly hidden so that only you know your private keys. It is important to have a back-up of your private keys.

Digital, and in the same way bitcoin wallets are different as compared to your physical wallet. Digital wallets don’t store real money, instead, they store private and public keys. Private keys are like your PIN number to access your bank account, while public keys are similar to your bank account number. When you send Bitcoin, you’re sending a value in the form of a transaction, transferring the ownership of your coin to the recipient. For recipient is important that his/her private keys must match the public address you used to send Bitcoin. Of course, if that one wants to spend transferred Bitcoin.

Why would you need a Bitcoin wallet?

Bitcoin, as a difference from traditional money, is digital money. Hence, access to this currency is totally different. Especially when it comes to receiving and storing it. To be clear, Bitcoin doesn’t live in any tangible form, it can’t be stored anywhere. What owners can store is the private keys to have access to the public Bitcoin address. Key is also necessary to sign the transactions that need to be securely kept.
Only with this combination of recipient’s public key and your private key a Bitcoin transaction possible.

You’ll find several different kinds of Bitcoin wallets, that fit different requirements and differing in means of safety and security, comfort, or convenience.

By using the wallet software, you are able to send and receive Bitcoin. If you want to receive Bitcoin, a wallet is all you need. This means that you personally can send the Bitcoin to the address of your wallet.

In case you want to send Bitcoins, you will need to have them first. To buy Bitcoin you’ll need to subscribe to one of the online exchanges. to authenticate yourself, you’ll need some ID card and proof of residence. When it is done, you can start to send money to that exchange and in return to receive Bitcoin for fiat money. The rest is simple. Just send the bought Bitcoin to your digital wallet. Never keep Bitcoin or any other digital currency for a long time. In fact, as long as your Bitcoin is stored on exchange it isn’t really yours. The exchange could be hacked or closed. Well, you’ll lose all your funds.

What is needed to open it?

Because Bitcoin is decentralized, you cannot just open an account and put money in and out. To put your digital coins somewhere, you’ll need a wallet or at least a Bitcoin address and a private key. On an elementary level, the address operates like a bank account number. The private key is actually similar to your signature or password to a netbank. To confirm the possession of your digital money you need a private key. Never ever share it with anyone!

Okay, but how will you access your coins? You have to download a digital wallet on your computer/phone. Cryptocurrency wallets store your address and private key, they’re functioning like a netbank. You can receive and send amounts.

It’s difficult to choose from the millions of Bitcoin wallets. Do some research and find the best for you. Maybe the most comfortable way is to add a wallet extension to your browser.

1st November 2018
Ways to Earn Bitcoin

2 min read

After Bitcoin become one of the hottest new investment assets it has surprised many who once believed the blockchain-driven cryptocurrency would never have real-world value. It has also produced huge interest. This interest, as the nature of this digital currency as well, cause great opportunities for making extra money.

Traders Paradise wants to present you several ways how to make money with Bitcoin and several different ways to earn Bitcoin.

How to earn bitcoin?

There is a huge amount of money to be made in this market, and many of the ways of earning with Bitcoin may result in small amounts. It shouldn’t dishearten you. Even small amounts of Bitcoin can be useful assets.

How?

The rapid growth of the value of the cryptocurrency gives possibility. If you want to accumulate larger sums of Bitcoin, that’s also entirely possible. It requires some initial investment of course.

Let’s begin exploring the different ways in which you can start making money and earn Bitcoin.

Selling Bitcoin-related products

It is the fact that there are ways to make money from Bitcoin without actually owning any. For instance, you can sell products and services and be paid in Bitcoin.

The easiest way to get into being an affiliate marketer for Bitcoin products is to promote Bitcoin mining devices through some affiliate program. Point is that you can send visitors from your website and receive a small commission on any products they buy there. For that, you’ll need a website on which to post your affiliate links. The good news is that, since Bitcoin miners are generally priced at $100+, you don’t need to sell too many of them to start making some decent money from your marketing efforts.

The same concept can also be applied to Bitcoin services. Many services surrounding Bitcoin offer generous commissions to marketers who refer customers to them. If you’re going to create a website, integrating promotions for services can be helpful to your readers and profitable to you. This is one way to earn bitcoin.

Do freelance jobs and get paid and earn Bitcoin

A huge online marketplace for freelance services exists to connect freelance workers with customers. A new twist has come in the form sites that send payments to freelancers in Bitcoin. If you are freelancer already or have a skill that businesses would be willing to pay you for, you may be able to render services in exchange for fairly significant amounts of Bitcoin.

Freelancing in exchange for Bitcoin has two advantages: first, unlike mining or investing, there is little or no initial cost for most forms of freelance work and the second, some freelance jobs can pay amounts of Bitcoin worth dozens or even hundreds of dollars. If you want to earn Bitcoin at a reasonably fast rate without investing a large amount of money at the outset, freelancing can be your best option.

You’ll just need to sign up for a freelance marketplace that pays in Bitcoin.

Invest in Bitcoin and Bitcoin derivatives

Investing in Bitcoin, indeed still not as common as investing in stocks and bonds, but is fast moving into the financial mainstream. To be honest, investment is one of the profitable ways of making money with Bitcoin.

Basic Bitcoin investment is the simple buying and holding Bitcoin until its price goes up enough to gain a profit. Bitcoin has produced some incredible gains for investors in past years. If you had invested just $200 into Bitcoin when it was worth $1 in early 2011, your investment would be worth millions today. This is an ultra example, which demonstrates how profitable Bitcoin investment has been for some traders who have been willing to hold their investments for long periods of time.

High-risk investment

In the past Bitcoin exchange was easy to hack, like Mt. Gox exchange which was hacked 2014. But now the new generation of more secure exchanges come onto the market to supply Bitcoin services.

A less known way of investing in Bitcoin is to trade it as a CFD, or contract for difference. In core, a CFD is a derivative instrument that is based on the price of an asset, in the case of Bitcoin.

Unlike standard investment, however, CFDs don’t involve actually buying the asset they mirror. Instead, traders open positions on the movement of an asset’s price with a CFD broker. CFDs typically have high leverage rates. Meaning that both gains and losses are higher than they would be in a more traditional investment environment.

Used properly, Bitcoin CFDs can be fairly profitable. If you’re too careless with them, they can be high-risk investments. It depends on your personal level of risk tolerance.

Bitcoin mining

Mining refers to the use of computer hardware to automatically perform a set of mathematical operations. That, in turn, creates new Bitcoin. Bitcoin is set up that only 21 million can ever be produced. At this moment, more than four million are on the table for Bitcoin miners.

You have to know one important fact about Bitcoin mining before getting into the difficulty increases over time, which means, it will take more time and more computing power to generate each following Bitcoin.

At the beginning of Bitcoin, cryptocurrency enthusiasts were able to use graphics processing units on regular computers for mining. But nowadays the difficulty has gone up so much that much more specialized equipment is needed.

To start Bitcoin mining, you’ll need to invest in external devices called a Bitcoin miner. That provides the necessary computing power to produce Bitcoin. The price of a Bitcoin miner will vary based on its processing ability.

Small USB miners start at under $100, while larger, more powerful mining devices can cost thousands of dollars. Although the initial investment of buying a Bitcoin miner can be fairly large, it allows you to produce your own permanent flow of new Bitcoin until the full 21 million has been reached.

Start mining

If you decide to start mining yourself, you will have the peripheral costs too, like electricity costs, for example. If you have a large miner that produces a large amount of heat, you may have to install a cooling system.

These costs can eat up much of the profit margin in Bitcoin mining. Fortunately, if Bitcoin continues to grow in value, these costs will be compensated later.

But there is another way you can get in on the action. It is known as contract mining. In contract mining, you’ll pay a fee in exchange for a company to employ its Bitcoin mining equipment on your behalf. This contract will last for some period of time. And all Bitcoin mined during that time on the equipment you’ve contracted will be sent to your Bitcoin wallet. Contract mining is an easy and passive way for you to accumulate Bitcoin. But it will cost more over the long period than having your own Bitcoin mining equipment.

What else you can do to earn Bitcoin?

For example, you can do micro-tasks small, simple actions, such as viewing an advertisement or engaging with a post on social media. Though the pay is usually very low, micro-tasks are the simplest way to get into Bitcoin.

Bitcoin faucets are a bit like micro-tasks in the sense that they pay very small amounts of Bitcoin in exchange for a small amount of your time – often around 1 Satoshi, which is a hundredth of a millionth BTC. In the case of faucets, though, Bitcoin is usually available to be claimed by users at a set interval, such as every five minutes.

Or you can create content to be monetized with Bitcoin-based ads. Maybe you can lend out the Bitcoin you already have and generate passive income. But if you have respectable knowledge you can make a decent amount of money form helping other people learn about cryptocurrencies.

Bottom line

The easiest and fastest way to have Bitcoin is to buy instantly with a credit card or debit card. You can acquire $50 or less for Bitcoin, fast and usually within 10 minutes. However, you may be new to the entire cryptocurrency concept and for that we recommend you learn these few things above.

Bitcoin is extremely empowering but also different than the currency you know and use every day.

Risk Disclosure (read carefully!)

17th October 2018
Why now Bitcoin (end of 2018, after major drops)?

The simplest answer is why not, but here is a more complex one.

By Guy Avtalyon

Why now Bitcoin? Honestly, I did not meet statistics and exact figures on this topic. But in 2017 the number of searches in the Google search engine on the topic bitcoin – increased by 450%, compared with the previous year.

The last time such a large survey was conducted in the USA, back in 2013 by the firm On Device in preparation for a London conference. At that time bitcoin awareness by Americans was about 25%.

By 2018 bitcoin awareness has jumped by more than twice that number according to Survey Monkey and Global Blockchain Business Council. And though bitcoin acknowledgment is growing, actual participation seems somewhat low.

Nearly six in ten respondents revealed they’d at heard of bitcoin. That up some 33 points from 2013’s measure. The two surveys are not linked. More than 5,000 people participated in the current questionnaire.

More about survey

According to the same survey, only 5% hold a digital asset. But 21 percent of that number claim to be “considering adding it to their portfolios.” The majority of holders are male, under 34 years of age (58%), white.

The results basically show ten percent of millennials own bitcoin while older Americans barely break one percent. Bitcoin holders’ politics are politically independent by half. Less than 20% trust their government more than the Bitcoin network (almost a quarter).

That’s the reason why now bitcoin!

Asked about possible 2018 asset crashes, 38 percent of all Americans (and 41% of owners) see BTC as a bubble poised to pop this year. Still, the survey did note that almost 70 percent expect BTC to increase in value over the coming half of a decade.

A little more than 10 percent believe it will die out.

According to data compiled by Bitinfocharts.com, there are almost 22 million bitcoin wallets. However, most bitcoin users have several BTC wallets and use multiple wallet addresses to increase their financial privacy when transacting in bitcoin. Therefore, the number of bitcoin users is likely less than 22 million.

Anonymity

A 2017 study by the Cambridge Centre for Alternative Finance suggests that the “current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 and 5.8 million.”

It is important to note that this study focuses on active users as opposed to bitcoin holders or ‘hodlers’. This gives us insight into how many individuals are actual users as opposed to buy-and-hold investors.

This surveys also show that the end of 2018 is the right time is the time to get to know BTC. So, let start!

What is Bitcoin?

For the majority, it is still an open question. The first step to understanding Bitcoin is admitting you don’t understand Bitcoin.

Let’s say, Bitcoin is a protocol. But, honestly, the protocol itself is just our best try to describe what BTC actually is. No one can be sure of the protocol’s final form.

Bitcoin is a digital currency created in 2009 by a mysterious figure using the alias Satoshi Nakamoto. You can use it to buy or sell from people and companies that accept bitcoin as payment. But it differs in several key ways from traditional currencies.

Most obviously, bitcoin doesn’t exist as a physical currency. There are no actual coins or notes. It exists only online.

Interesting explanations about what Bitcoin:

Mental construct – Because value is subjective and we feel value for Bitcoin units.
Social construct – people feel value for Bitcoin units. And they become an intermediate commodity suitable for exchange, accounting, and store of value.
Legal construct – As an intermediate commodity it serves to cancel formal agreements such as debts, purchases, and pay taxes.
Economic construct – As it may be used to cancel debts and pay taxes it may be used as money facilitating commerce between untrusting strangers in different incompatible jurisdictions.
Technical construct – It is just software that enables a network. But that network organically emerges as a useful system or technical tool for the other constructs.

More…

Protocol construct – The technical system is actually the system of rules imagined and designed to maintain a highly secure Nash Equilibrium between node operators and users.
Mechanical construct – Although many see Bitcoin as a social construct only, it is as much of an objective mechanical system as it is subjective. Although people design and run it, it is immutable, just like the laws of physics in nature.
Physical construct – Bitcoin is designed to mimic gold in nature, but in a computer system and transferable thru communication channels. This is why we call it “digital commodity”.
Natural construct – All of the above emerge from nature. They are not imaginary or magical things, they are as natural as energy, matter, or living organisms.

We can play with semantics here, you can say that it’s a protocol. And also the open-source project that implements the software needed to fit the protocol. Or you can try to call Bitcoin as a kid in the adults’ world.

Bitcoin has no central bank and isn’t linked to or regulated by any state. The supply of the cryptocurrency is decentralized. And can only be increased by a process known as “mining”. For each BTC transaction, a computer owned by a bitcoin “miner” must solve a difficult mathematical problem.

The miner then receives a fraction of a bitcoin as a reward. At present, the mining power of Bitcoin’s network is 300 times more powerful than the world’s top 5 supercomputers combined

Anonymity matters

A record of each transaction, using anonymized strings of numbers to identify it, is stored on a huge public ledger – blockchain. This is necessary to ensure the integrity of the currency.

For most people, it is strange that bitcoin doesn’t exist as a physical currency. There are no actual coins or notes. It exists only online. And it is hard for the majority to imagine such a thing.

But can you imagine the internet?

We all use the internet in every segment of our lives but we can’t point out the finger and say “Here! This is the internet!”

Or how some understand the universe is infinite and how they understand the meaning of infinite, you would be surprised by the answers.

Do you exactly know how your mobile device works? Maybe some of you, but the majority don’t.

Frankly, for me is a total mystery how my dishwasher works but it will not stop me to use it.

“Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.” wrote Satoshi, July 5, 2010.

Fiat money is managed by a central bank, which manages the money supply to keep prices steady. They can print more money or withdraw some from circulation. Yes, if they think it’s needed, as well as using other monetary policy controls such as adjusting interest rates.

My teachers taught me how interest was compounded. The reasons may not be so clear. If we would learn banking history and monetary theory in schools, no one would use the fiat system. It is so obvious.

On the other hand, BTC is a lot simpler than the fiat system. And people are legally compelled to adopt fiat.

The people teaching youngsters these days have grown up under Keynesian economic theory. Also called Keynesianism. So, they strongly believe that money is defined as money only if you can touch it, smell it or hear the sound of counting money.

Number of users

The most popular BTC wallet and exchange provider, Coinbase, reportedly has over 13 million users. This would suggest that the number of bitcoin users is between 13 million and 22 million.

We can assume that the number of bitcoin users outside of the 32 countries that Coinbase services, will be several million. But this data doesn’t include major bitcoin economies in Asia.

So we can conclude that around 20 million bitcoin users globally can be considered as a fair estimate.

Why use bitcoin?

With Bitcoin people get the liberty to exchange value. Without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure, and immutable.

The banks control the cash while bitcoin has owners.

Bitcoin is very useful as a service for fast remittances for an international system of payments, for example. It can help us do online shopping. It’s like an e-wallet which makes blockchain technology to store, track, and spend digital money.

BTC has a global acceptance and is less volatile than cash / local currency.

Due to this feature, it becomes easier to conduct transactions across boundaries and online. You can use this crypto all over the world without going through a conversion process. It is par with Gold and combines the best of cash and gold.

By providing an open market and no restrictions imposed by banks or governments. Bitcoin is peer-to-peer and open, but secure.

Bitcoin is making the biggest revolution in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of blockchain innovation. I think it is necessary to stay patient and witness history first hand.

Nothing can stop that!

16th October 2018
Bitcoin goes high – How Much?

2 min read

Bitcoin is the future, Fiat is past!

Why not start with these words? Popular VC Tim Draper said it. And we all know how good he is in his predictions. In 2014 with bitcoin at only $413, popular VC, Tim Draper predicted bitcoin to reach $10,000 in three years. This was fulfilled a month earlier. This prediction brought him a great reputation among crypto fans and followers. He also predicts a $100k Bitcoin in 2018, not categorically but anyway.

Let assume this growth happens at the same tempo as the 3-year journey to $10k. But that’s precisely how Draper feels about Bitcoin prospects and he understands a lot about bitcoin’s foundation.

WOW, then we’re in for six digits.

Many of the investors are actually currently worried due to the high volatility in cryptocurrencies.

Is there any reason for that?

A cryptocurrency portfolio manager Jeet Singh, stated at World Economic Forum in Davos, that the current volatility is completely normal when it comes to the cryptocurrencies field. He stated that it is normal for cryptocurrencies to fluctuate by 70% to 80% and that is the main reason why the current volatility does not worry him at all.

Is there a fear of volatility?

But, according to him, long-term investors need not fear the volatility at all. Because they are here to stay for a longer period of time, they would not have a problem to hold the cryptocurrencies for a longer period of time.

Jeet Singh compared cryptocurrencies with current leading companies like Microsoft and Apple. In the beginning, their stocks were also volatile. But, as the companies develop their business model, the stocks not only rose but they become much more stable.

Prediction

He further added that Bitcoin would reach as high as $ 50,000 this year. That means, If the current price of Bitcoin being around just $ 10,000, that would be a fivefold increase once again.

What is really happening on the markets?

The world’s largest crypto brokerage Coinbase is reportedly close to finalizing a $500 million funding round at a valuation of $8 billion. And Binance has started to become more active in the investment sector, funding blockchain startups internationally.

While major cryptocurrency exchanges like Coinbase, Binance, and BitMEX are seeing their businesses flourish with lucrative business models and high-profit margins, minor exchanges are struggling in the bear market.

Bear market

This week, the UK’s oldest exchange, Coinfloor, has slashed the number of its employees. After recording a decline in its revenues as a consequence of the drop in the daily trading volume of major cryptocurrencies.

Also, the emergence of many cryptocurrency exchanges in the local market causes this.

But Coinbase entered the local cryptocurrency exchange market of the UK. This has stagnated over the years due to the lack of infrastructure and user demand. It was eliminating exchange rates and appealing to local users that have been awaiting a reliable cryptocurrency exchange in the region.

In South Korea, a cryptocurrency exchange backed by the country’s biggest commercial banks. Internet conglomerates, and technology corporations such as Upbit, Gopax, and Korbit have imposed dominance over the local market throughout the past two years.

The fact that an exchange in the size of Coinfloor cannot sustain high-cost operations demonstrates that they need strong infrastructure and backing from major investors and conglomerates.

On Monday, 8. October, practically all the top 100 cryptocurrencies are seeing reliable growth on the day.

Ups and Downs

Bitcoin (BTC) has seen a strong boost, by press time growing almost 2 percent on the day to trade solidly above the $6,600 mark at $6,664.

The breakthrough to a higher price point comes after several days of sideways trading. One crypto trader joked just a few days before, he said that bitcoin decided to be the ultimate stablecoin.

That same day, a Bloomberg pointed up the top coin’s marked price stability, proclaiming that Bitcoin had “hit an inflection point with volatility at a 17-month low.” The flipside to such steadiness, the Bloomberg noted, is lower trading volumes, due to lower “speculative involvement.”

On its weekly chart, Bitcoin is now just over one percent in the green, with monthly growth a strong 8 percent.
Ethereum is around 0.6 percent in the red; monthly growth is close to 17 percent.

Ripple had however tapered off throughout most of early October: the token remains a stark 14.5 percent in the red on its weekly chart. But on the monthly base, its gains are, an astonishing almost 70 percent.

About other

The remaining top ten coins on CoinMarketCap are all in the green, almost all-seeing between 2 and 4 percent growth: Cardano (ADA) is uprising almost 5%. Firmly in the green: EOS (EOS) is up close to 4 percent on the day at $5.92, Stellar (XLM) and Litecoin (LTC) both up just over 2 percent.

Most of the investors are keeping away from the cryptocurrency boom for now. Many of them are just holding their holdings in order to find out whether the cryptocurrencies resume their uptrend or not.

We may say it is still too doubtful for most of the investors to take a call.

But the fact is, institutions are increasing their presence in the cryptocurrencies field. That would add value and credibility to the cryptocurrencies in the future. That’s why we can’t see further falling. The main point is that regulatory hurdles have to be sorted.

After that, we all can be sure that the value of cryptocurrencies would again more.

Risk Disclosure (read carefully!)

9th October 2018
Investing In Crypto – How To Prepare For It?

2 min read

According to the study conducted by London-based investment firm IW Capital, reveals that only five percent of British crypto investors realize a profit. But only 38% of the general population has any understanding of cryptocurrency or the underlying technology.

The data reveals that, fundamentally, Brits do not have enough information or knowledge on the topic of investing in crypto. In fact, many have no knowledge about the subject whatsoever.

Despite a widespread dearth of knowledge surrounding this particular asset class, disconcertingly facts appeared. One in 20 Brits – nearly 3 million – have invested in cryptocurrency without fully understanding it. Only 5 percent have taken advice from a financial adviser when investing in cryptocurrencies.

Crypto is unpredictable

As promising as crypto can be, however, it’s also been labeled one of the riskiest investments of 2018.

It simply crypto seems to be unpredictable.

We will show you how to be prepared for investing in crypto on the example of bitcoin, the most popular and largest one.

Some believe bitcoin was a bubble that has burst and is now fading away slowly, and others think it’s going to run to new highs.

Yes, bitcoin is risky, but it is still a popular investment option.

Should you be considering this risk these are some of the things you can do to prepare.

If you try to figure out what exactly influences bitcoin’s price for years now, the answers are not immediately obvious.
Bitcoin is global, decentralized, and unbound by sweeping restrictions. It can develop in different ways in different places. That said, some factors that influence the price have become clearer over time, and government regulations are at the top of the list.

Government rulings that affect the trade of bitcoin can by extension affect the price immediately. Imagine that all governments suddenly made it illegal to deal in cryptocurrency (some already did it). This would in a minute remove a massive market, reducing demand for a short time.

Everyone should follow regulatory news.

What is unclear about investing in crypto for the majority

Those who learn why it’s useful, and where its value comes from, can be a little bit puzzled by exchanges. There are a lot of them out there. They handle bitcoin transactions in different ways, with different fees, different acceptable payment methods. And varying selections of additional cryptocurrencies that can be handled. That’s why investing in crypto can be unclear for the majority.

However, it’s still worth keeping an eye on. Because changes in exchanges can also impact the price simply by making bitcoin more accessible. Or, in some cases, by increasing visibility for competitors.

For example, the positive effect would be if a major new exchange emerged for bitcoin, or an existing service started facilitating bitcoin purchases. But the negative effect could come about if an existing exchange. With a broad user base announced that it would begin supporting a cheaper alternative to bitcoin.

The more bitcoin is accepted as payment, the more demand there will be for it.

Last year has been bitcoin’s emergence as a widely trusted payment method for online casinos. They do a great deal of business internationally.

Many platforms started looking for more secure and anonymous ways of accepting money, and bitcoin-only casinos started to emerge. A major shift like this can give millions of people a new incentive to use bitcoin. You should keep an eye out for these types of stories.

Crypto volatility

Although crypto might offer more volatility than most, the crypto market landscape shares fundamental characteristics with other investment markets.

For example, the figures of losses are not wildly different from Forex, where new traders would often be better off flipping a coin or the stock market, where, according to science, 95% of all traders fail.

Amateur trading and investing have led to countless tales of monetary losses. Most derive from the human capacity to make decisions based on emotions. Rather than research or tried-and-tested methods.

In both, the trading and investment worlds, this story plays out time and time again, making the profitable trader a statistical anomaly. And leading the average individual investor to underperform the market index by 1.5 percent.

So, where the problem is? In lack of education.

What can you do?

You need to make sure that you’re in the right financial situation before you start investing in any asset or commodity.
If you’re in a position where you’re still paying off any debts your money would be better invested in a savings account rather than in cryptocurrencies.

However, if you have substantial savings account on hand, you may find yourself in a much better position to be able to invest in this volatile, but forever exciting, commodity.

But, before you ever place down the first cash sum, you must understand what cryptocurrencies are, how they work and how their market typically behaves. You have to understand what Blockchain is, how it works and, where possible. And how some country’s sudden ban or adoption of any cryptocurrency can affect the entire market.

And practice.

There are plenty of platforms and brokers who will offer you a free practice account, without risking any of your own money. This way, you can get a much better feel for what you will be doing with your own funds.

More about how to pick a good platform you may find here.

An unfortunate fact of the industry is that cryptocurrencies are volatile. Prices for any cryptocurrency can rise and fall at incredibly fast rates. Provide a monetary shock absorber to ensure you don’t land in financial trouble.

But whatever you do, be prepared for potential disappointment if the market begins to crash. On that way, trading and investing in cryptocurrencies will be much easier to handle.

With the right platform, with the understanding of just what to expect from cryptocurrencies and a good personal financial situation, you can try your hand at investing in cryptocurrencies with limited risk.

Risk Disclosure (read carefully!)

29th September 2018
Why Should You Use Bitcoin?

2 min read

There are several reasons why you want to decide to use Bitcoin instead of traditional currencies.

One of the most reason is the Bitcoin’s capability to be used anywhere, anytime, and in any amount.

When you are using Bitcoin, there are no borders, no bank holidays, no bureaucracy.

All aspects of Bitcoin are controlled by users.

Another reason can be the lower fees.

That’s why many people are starting to choose Bitcoin as a currency. When receiving Bitcoins you do not pay any fees.

Before sending Bitcoins from your wallet, you will have an option to choose how high your fees. This is depending on how fast you want to verify and complete your transaction.

That luxury you don’t have with bankers transactions. You have to pay as much as they decided it to be.

But it isn’t the best part on why to use Bitcoin.

All transactions, no matter how many Bitcoins you are sending, will cost the same amount in fees.

That is the most wonderful part.

You can send 400,000 BTC or only 1 BTC and the fee for the transaction will be the same.

That’s wonderful, don’t you think so?

Even more, merchants are offered special merchant processors who assist them with processing transactions. In exchanging BTC into the merchants’ preferred form of fiat currency, and depositing the money directly into their bank account.

And all of these transactions are Bitcoin network based. This means the fees are much lower than if you use your credit card.

Or some else card or payment method.

But the most important

All Bitcoin transactions are secure, contain no personal information about the buyer and irreversible.

That makes Bitcoin the perfect currency for merchants who are seeking security and stability.

This opens up a world of opportunities for any merchant. It gives them the ability to expand into locations that have high fraudulence risks. Or where Credit Cards aren’t accepted as a method of payment, all while keeping their services or products safe from fraud.

Well, there is a very high fraudulence risk with credit cards.
But with Bitcoin, it is absolutely excluded.

It’s impossible with Bitcoin.

Paying with BTC give the opportunity to both side, merchants and buyers, to expand into locations that have high fraudulence risks and to avoid insecurity.

No matter how you spin it, this is a win situation for merchants.

On the buyer’s side is an advantage because each user has full control of their wallet. It is completely impossible for a merchant to charge a user without their knowledge, as often is seen done by many unethical trades.

Payments are made without giving any personal information, so the merchant doesn’t even have to know your name to complete a transaction.

Besides, if you as a user or buyer and still feel unsafe or vulnerable, you can protect your BTC via a backup or encryption.

And the best feature of the Bitcoin system – all transactions are transparent and clear on the public blockchain.

This means if there are any complications with any transactions. They can be instantly looked up, on the public ledger and verified.

Bitcoin’s core code cannot be manipulated in any way to give an edge to either the seller or the buyer, because everything is cryptographically secure.

But like in everything, there are some reasons why shouldn’t you use Bitcoin.

First of all, relatively there is still a small amount of businesses and people using it. The main reason for this is the low knowledge of the benefits that BTC offers. Many businesses are on-board and they want to integrate BTC into their payment system, the list is still small.

High volatility is something else that you should consider.

The amount of businesses that use Bitcoin is low and any event, trade, or activity can have a high effect on the price of Bitcoin.

Over time this volatility will decrease and stabilize as more and more companies start using Bitcoin.

Actually, Bitcoin is still maturing and this presents a certain degree of risk. It is only 11 years old and what we can expect from it except hormonal party as well as every entry into puberty. That was the joke.

Bitcoin is the first, oldest and largest cryptocurrency and we have to support it with mandatory respect.

Bitcoin showed the world a new sense of freedom and was the cause of the development of other cryptos.
Respect!

Read this too: Why you should not invest in bitcoin under any circumstances

Risk Disclosure (read carefully!)

24th July 2018
Which Altcoins Look Good in The Near Future?

Altcoins are cryptocurrencies also like Bitcoin. But most of them are forks of Bitcoin with small changes.

By Guy Avtalyon

Altcoins represent all coins that are not Bitcoin. Altcoins are usually under the radar. Still, altcoins can generate fantastic gains if you are lucky enough to find the particular one that skyrockets soon.

But be aware. The risk involved is really high.

You may end up holding a bunch of useless projects that never go anywhere.

The current cryptocurrency market is very hot. And everyone wants to make a lot of money there. Well, as first, count on the risk because here it is very big.

When you want to invest but you don’t know which crypto to purchase, you should find more and more information about cryptocurrencies. And look at their white papers.

What altcoins to choose?

It would be arrogant of us to think that we can predict exactly which altcoin will be the best. And take this piece of advice. Never listen to anyone who pretends to know everything for sure in crypto.

We are not saying only these altcoins are good or they’re the best. They’re just altcoins that we can imagine are going to be worth looking at in more detail.

We have to tell you this is not financial advice to invest in any crypto and please do your own homework and make the decision by yourself.

To do our homework, we followed 3 criteria for coins:

* Isn’t related to a Ponzi scheme or multi-level marketing
* can’t be in the current top ten
* must be tradable on a trusted market or exchange

Find answers before choose altcoin

Do they have a solid team? How is about their technology? Is it solid enough already or, maybe, their future technology could be unique? Also, is this company going to work 5 years or more?

We know that many of you may disagree with our choice, but feel free to express your opinion in comments.
The order on this list is random.

What altcoins to look at?

1) Ethereum – This list of the best altcoins must begin with Ethereum, which is the second most valuable cryptocurrency after Bitcoin. Ethereum was launched in July 2015 by the now-famous prodigy of the cryptocurrency world and it was done by Vitalik Buterin. This altcoin provides a platform to the developer on which they can build blockchain-based smart contracts and decentralized apps.

It was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.

One of the biggest challenges being faced by Ethereum has been scalability. Ethereum’s network currently supports roughly 15 transactions per second.

This isn’t that great but we expect they will solve that in the near future.

2) Litecoin – One of the oldest altcoins, was created in 2011 by Charlie Lee. Like Bitcoin, Litecoin is also a digital currency but with improvements. In fact, the reason for launching Litecoin was to overcome some of the shortcomings of Bitcoin, especially its slow transaction speed.

The reason that it is called Litecoin is that it is 4 times faster than Bitcoin. Bitcoin’s transaction takes about 10 minutes to complete but a Litecoin transaction is completed in 2.5 minutes.

3) ICON – It is a project that has experienced huge gains. Currently, it’s not even traded on Korean exchanges, which is insane. Their vision is to allow many different blockchains ( private and public) to work together, like universities, banks, hospitals, schools and they can all share information together via Icon and other partners.

Further

4) Neo – It’s one of the best long-term altcoins. Neo has the potential to reach Ethereum’s market cap. Many people invest in Neo because they have confidence that sooner or later the Chinese government is going to legalize ICOs again. But only if Neo is the blockchain is used.

Neo’s CoFounder Da HongFei himself has denied this theory several times. The Neo project is much more than trying to be Chinese Ethereum. And it’s going to succeed anyway, without depending on what China does with ICO’s. Neo is going to help create the future of blockchain. You don’t need ICOs to be legalized in China for this to happen.5) DASH – Altcoin launched in 2014 by Evan Duffield. At the time of launch, it was called Xcoin and was then renamed to Darkcoin. In 2015 that it was rebranded to Dash. Dash has been forked from Litecoin, which is itself built on Bitcoin’s technology but it offers significant advantages over Bitcoin like better privacy and a higher transaction speed than Bitcoin.

6) Cardano (ADA) – Cardano is one of the newest cryptocurrencies and it not only offers a platform for Dapps and smart contracts but also offers many technological improvements over Ethereum and other blockchains.

This altcoin has not given as high returns as other top coins but it is still popular among investors because of its promise of building a highly robust blockchain that offers advantages over Ethereum. We will see!

More

7) EOS – Relatively new altcoin whose Initial Coin Offering (ICO) was launched in June 2017. EOS and created by Dan Larimer. It is both a digital currency and a blockchain platform for DApps and smart contracts, more like Ethereum than like Bitcoin. This coin is much more scalable than Ethereum and EOS support multiple languages, including C++. This is a very convenient feature if you are the developer.

8) Wanchain – It is possibly even more hyped up cousin of Wanchain. The two projects are in the same category of projects but are complementary to one another.

Wanchain works on the ability of different chains to work together, like Icon. This is going to be of huge value as blockchain develops.

9) Filecoin – Filecoin is a decentralized storage solution. Filecoin allows for anyone, anywhere to get paid for storage and it is built on top of IPFS. It is a new peer-to-peer protocol. Filecoin broke a record while raising $257 million dollars at their ICO. It has all of the right things with worldwide implications.

These are just some of my thoughts that I share with you and you should not take them as the only and undeniable truth.

Should you be cautious about altcoins?

People are being very cautious with all these new forks and new versions of Bitcoin. There are alts that are booming right now it is just when new people join the market. They generally know only about BTC and once they do due diligence and learn about the market and with all the great alts that are out there, the money will shift.

What do you think? Which alts look good in the near future?

You might be interested MONETIZING BITCOIN – THE TECHNOLOGY BEHIND BITCOIN AND ITS USES

17th July 2018
Is It Possible to Lose Money Trading BTC and Crypto?

Never trade Bitcoin or any other crypto without a strategy.

By Guy Avtalyon

Yes, it is possible to lose money trading BTC and crypto. It is, at the same time, one of the prettiest ways to be rich or poor.

First of all, trading cryptocurrencies is not an easy task – it is a CHALLENGE and FIGHT!
That’s the point!

Frankly, you are not the only one who loses money right now. But remember like in a war: the Lost battle is not lost war.

It shouldn’t be the question of WHY people lose money in crypto trading (it’s almost the same in every trading), the challenge is how people manage it in general.

Crypto trading is one of the best “money-making” methods today. If done right you can’t lose money. If not it so easy to lose money trading BTC.

In order to avoid failure, Traders Paradise will introduce several reasons why people are losing money by trading crypto.

Is there a reason to get panic?

Well, actually there is no reason.

One of the biggest and most important tools that traders have is technical analysis.

But there are so many and plenty of ways to lose money! Trust me!

For example, you can use social media predictions. Or you follow someone in the hope that he/she knows what to do.

And there can be the first catch.

You can lose money if you can become a victim of fake news. Because naturally, marketing always goes through these channels to keep up with the current information highway traffic. It wouldn’t be a good idea to buy coins by following “Tips” given by ICO’s or people that are trying to sell their coins to increase the value of what they have.

Right? They’re trying to create a fake “hype” that can end up in disaster.

That’s why you should always do your own researches. Clear?

FOMO or “Fear of Missing Out” is something that most people are actually feeling today. The Bitcoin train left the station a long time ago leaving people with doubts which altcoin could be the next rocket star. When Bitcoin has soared up to heights that no one has ever dreamed, a lot of people were in awe and dismayed that they didn’t buy BTC earlier.

This sense of lost opportunity again triggers, always when a price of a coin goes up making people buy at the wrong time (the price is high, damn) with the fear of it not going back down.

Strategy!!!

Of course, you MUST have a strategy! Crypto trading is very severe. Before entering the crypto trading you have to be well prepared. Otherwise, you can lose money trading bitcoin. Entering into the space of crypto trading without having any strategy ready for use is just like putting a hand into the basket full of dangerous snakes.

You will not survive! You should buy some books about trading strategies.

“Hold on for dear life.” HODL, damn! Crypto trading platforms or websites have a feature known as “Stop Loss”. There you will be able to control the loss of your assets by setting a “safety net” that would stop your loss on time and not drag you down to limbo. Limbo is not a good place!

Leverage! Too much of it is bad.

Leverage can be devastating if not used properly. It is when a trader uses borrowed money to increase trading position beyond what such could from existing cash balance on the trading account. The broker allows leverage through margin trading and borrows missing funds

If you are trading with a 20:1 leverage you can earn $20 if the price of your trade goes up by $2.

But if your investment loses and it goes down $2 you also lose $20 instead of earning when the price goes down.

A leverage trade is always expressed as a ratio: for a 20:1 leverage, you will be able to buy $20 assets with only $1. Old trading saying is “Do not ever trade more than you can afford to lose!”

The most popular adage in the trading world refers to a making margin trading or the use of leverage to go beyond the line of trading more than you can afford.

Since you are already in debt the minute you took the leverage.

And now you have the right reason to invest some time in learning.

You don’t need a degree! All you need is to read and to make a decision or you will face all ways of successfully losing money in trading Bitcoin and crypto.

Good luck!

12th July 2018