Posts Tagged ‘bitcoin wallet’

How to Trade Bitcoin Successfully Like a Pro Trader

Thursday, January 21st, 2021

Trading cryptocurrencies is currently one of the hottest trends in the investment landscape.
Many people are earning money through trading and for good reason. Cryptocurrencies can be traded 24 hours a day and are not controlled by financial institutions the same way fiat is regulated by central banks. This eliminates issues such as price manipulation. Trading cryptocurrencies is also relatively easy and there are many opportunities in the market.

For many traders, it makes sense to trade Bitcoin which is one of the many cryptocurrencies out there. One of the main reasons for this is that Bitcoin is one of the most volatile cryptocurrencies and it also tends to influence the performance of altcoins.
This was evident in the 2017 cryptocurrency rally where most altcoins rallied because Bitcoin was rallying.

Getting into Bitcoin trading

By now you probably know that some of the people that claim to have made millions after investing in Bitcoin managed to make that money because they invested when the price of Bitcoin was still low.

Especially those that purchased Bitcoin before 2016 and held on waiting for the price to reach epic heights.

Unfortunately, that was one of a kind opportunity for the cryptocurrency market and we saw the cryptocurrency crash in early 2018 and most of the gains were lost.
However, you can still trade cryptocurrencies but it is best not to do it speculatively since cryptocurrency prices have now normalized.

Day trading Bitcoin

If you monitor the btc price of Bitcoin, you will notice that it has significant volatility at any time of the day.

This makes it an attractive asset to trade in a manner similar to how forex pairs usually have volatile movements, only in this case Bitcoin might offer more volatility. So how does one take advantage of this?

You can use a Bitcoin trading bot which will do the bulk of the work for you.
Some crypto trading platforms promise to offer crypto trading bots that analyze the market on your behalf, execute the trades and even close trades for you. All you have to do is to set the parameters to your preference and the crypto trading bot will do the rest for you.

You should have a good understanding of how Bitcoin works and what really influences its price movements if you would rather do the trading yourself rather than rely on a Bitcoin trading bot.
Bitcoin's volatility is mainly caused by demand. The bulk buyers or large accounts tend to have a significant impact on Bitcoin's price direction. You can identify the direction in which the large accounts otherwise known as whales are trading and also trade in their direction. You can access that data on platforms such as Binance Futures in the sentiments segment.

Using technical indicators

As far as the execution is concerned, you can use technical indicators to identify potential entry points. Note that indicators alone are not very reliable, thus the need to combine them with other data, in this case, sentiment data on large accounts vs smaller accounts would make sense.
One of the best indicators available for trading Bitcoin is the On Balance Volume or OBV indicator.

OBV is a great tool for predicting strong trends. When the OBV aligns with the price of Bitcoin for a strong bull or bear movement, then it is best to trade the direction of that trend.

You can also overlay a Bitcoin Chart and that of Ethereum for another OBV strategy. This strategy is called smart money divergence and it is where the price of Bitcoin and ethereum are both behaving similarly but at some point, one fails to respect support or resistance lines.

The above demonstrates the money divergence, in this case, the divergence between the Bitcoin and Ethereum prices when pegged against the U.S dollar. The trading platform

You will need a reliable platform that provides access to important indicators and also a trading interface that is tuned to meet trader requirements.

TrailingCrypto is one such platform and the beauty is that you can switch from one exchange to another within its platform. It also offers the flexibility of selecting different types of order types. It also uses measures such as API keys to connect to the different crypto exchanges, and two-factor authentication as security measures.
As far as the assets are concerned, you can trade Bitcoin pairs and other cryptocurrency pairs, so you have good variety.

For more information regarding <a website trading bot and bitcoin trading platform visit our website: Trailingcrypto.com

Think The Bitcoin Way Before Investing

Thursday, January 21st, 2021

What is Bitcoin?

If you're here, you've heard of Bitcoin. it's been one among the most important frequent news headlines over the last year approximately – as a get rich quick scheme, the top of finance, the birth of truly international currency, because the end of the planet , or as a technology that has improved the planet .

But what's Bitcoin?

We all know, generally, what 'money' is and what it's used for. The foremost significant issue that witnessed in money use before Bitcoin relates thereto being centralised and controlled by one entity – the centralised banking industry.
Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym 'Satoshi Nakamoto' to bring decentralisation to money on a worldwide scale. The thought is that the currency are often traded across international lines with no difficulty or fees, the checks and balances would be distributed across the whole globe (rather than simply on the ledgers of personal corporations or governments), and money would become more democratic and equally accessible to all or any.

How did Bitcoin start?

The concept of Bitcoin, and cryptocurrency generally, was started in 2009 by Satoshi, an unknown researcher. The rationale for its invention was to unravel the difficulty of centralisation within the use of cash which relied on banks and computers, a problem that a lot of computer scientists weren't proud of.
Achieving decentralisation has been attempted since the late 90s without success, so when Satoshi published a paper in 2008 providing an answer, it had been overwhelmingly welcomed. Today, Bitcoin has become a well-known currency for internet users and has given rise to thousands of 'altcoins' (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is formed through a process called mining. A bit like folding money is formed through printing, and gold is mined from the bottom, Bitcoin is made by 'mining'. Mining involves solving of complex mathematical problems regarding blocks using computers and adding them to a public ledger.

When it began, an easy CPU (like that in your home computer) was all one needed to mine, however, the extent of difficulty has increased significantly and now you'll need specialised hardware, including high end Graphics Processing Unit (GPUs), to extract Bitcoin.

How do I invest?

First, you've got to open an account with a trading platform and make a wallet; you'll find some examples by searching Google for 'Bitcoin trading platform' – they typically have names involving 'coin', or 'market'.

After joining one among these platforms, you click on the assets, and then click on crypto to settle on your required currencies. There are tons of indicators on every platform that are quite important, and you ought to make certain to watch them before investing.

Simply buy and hold

While mining is that the surest and, in a way, easiest method to earn Bitcoin, there's an excessive amount of hustle involved, and therefore the cost of electricity and specialised hardware makes it inaccessible to most folks .

To avoid all this, make it easy for yourself, directly input the quantity you would like from your bank and click on “buy', then sit back and watch as your investment increases consistent with the worth change. this is often called exchanging and takes place on many exchanges platforms available today, with the power to trade between many various fiat currencies (USD, AUD, GBP, etc) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc).

Trading Bitcoin

If you're conversant in stocks, bonds, or Forex exchanges, then you'll understand crypto-trading easily. There are Bitcoin brokers like e-social trading, FXTM markets.com, and lots of others that you simply can choose between. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, example BTC-USD means trading Bitcoins for U.S. Dollars. Keep your eyes on the worth changes to seek out the right pair consistent with price changes; the platforms provide price among other indicators to offer you proper trading tips.

Bitcoin as Shares

There also are organisations found out to permit you to shop for shares in companies that invest in Bitcoin – these companies do the rear and forth trading, and you only invest in them, and await your monthly benefits. These companies simply pool digital money from different investors and invest on their behalf.

Why do you have to invest in Bitcoin?

As you'll see, investing in Bitcoin demands that you simply have some basic knowledge of the currency, as explained above. Like all investments, it involves risk! The question of whether or to not invest depends entirely on the individual. However, if I were to offer advice, I might advise in favour of investing in Bitcoin with a reason that, Bitcoin keeps growing – although there has been one significant boom and bust period, it's highly likely that Cryptocurrencies as an entire will still increase in value over subsequent 10 years. Bitcoin is that the biggest, and most documented, of all the present cryptocurrencies, so may be a good place to start out, and therefore the safest bet, currently. Although volatile within the short term, i think you'll find that Bitcoin trading is more profitable than most other ventures.

Kevin Paul Anderson Photo With more over 15 Years of piratical experience in day to day trading and investing grow your Bitcoin on <a website Investment Hub. We are a group of cryptocurrency investors and experts from various backgrounds like professional banking, trading, stock analysis, commodity investors… Etc.

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