Trading Bitcoin: How to make money with trading bitcoin?

Trading Bitcoin Step 1: Awareness

At the moment trading bitcoin is a a bit of a hype. Many investors are seeing bitcoin as a way to get rich. Can’t blame them for seeing it as this way. I mean if you look at the graph below, you will see that Bitcoin has gone up crazy in value this year.

Trading Bitcoin

Trading Bitcoin

If you look at transaction of Bitcoins on thursday 23rd of November in the pic above. You will that at that time more than 349k transactions has been made. So people have buy and sold bitcoins to each other more than 349k times. That’s is phenomenal. As you can see there a lot of trades out there with Bitcoins. The second thing that you need to be aware off is high volatility. The price value of bitcoin is jumping up and down alot. Which is good news for us as traders. Because there is a lot of money that can be made off. As in basic thing before you start trading, the first thing that you need to know. Is there enough volatility? The higher the volatility there better it is. Because it means that price value changes a lot. And that there is a lot of people that are participating in the trade. So this way you can always buy or sell it to someone. In this case the bitcoin trading has a very high volatility.

Trading bitcoin step 2:

The second thing you need to know before trading bitcoin is that you need to know what kind of trend is bitcoin in? If you don’t know what I mean about trend then read this article: Trend

Trading Bitcoin

Trading Bitcoin

As you can see in the pair Bitcoin/British pound is in a bullish trend. It is going up. If this current trend continuous then you can make money by buying the bitcoin now and sell it later for a higher price. It’s the most basic and simple strategy. However you can also see that sometimes the value of the bitcoin goes down. So there is also a opportunity to make money when the bitcoin goes down in value. Plus500 is on of the few brokers that offers you the opportunity to make money when the bitcoin goes down in value.

For example you would have made money in the period of Sept. 1st till the 14th of Sept 2017 when the Bitcoin dropped in value from 3600 GBP to 2400 GBP.  The profit would have roughly been 1200 GBP for you. Remember alway use a stoploss when you are trading bitcoin. If you want to know more about buy and sell bitcoin on Plus500 then check out this Plus500 Tutorial: How to buy and sell bitcoin on Plus500

bitcoin advantage

Bitcoin advantage: Four reasons to buy this currency

The Bitcoin Advantage

Buying and selling goods is something that people have been doing for ages. The ways that people pay for goods has changed significantly over the years. By doing a little bit of research, you will know what the right currency is. For your to use for your own business.  There are a number of trends in the world of currency, which is why doing a good bit of research is vital. Many people are starting to experience the bitcoin advantage. The rise in this type of currency have many people taking the time to find out just what it has to offer. The following are some of the advantages that come with using this type of digital currency and how it can help them.

The Bitcoin Advantage Number One: Modern Currency for a Modern World

The first benefit that comes with using this type of currency is that it will allow a person to get the modern feel they are looking for with their currency. The bitcoin advantage is very apparently, especially for younger people who are in need of a digital currency they can use anywhere. Rather than having to carry around a card or wallet, a person will be able to get their purchases made with ease.

The Bitcoin Advantage Number Two: Its Globally Accepted

Another benefit of using bitcoin is that it will allow a person to purchase goods without to having to worry about converting currencies. The bitcoin is accepted all over the world, which is why most people are using it. Without having to worry about whether or not your currency is compatible, you will be able to enjoy your shopping experience much more.

The Bitcoin Advantage Number Three: The Currency is Secure

For most people, making sure that the currency they are using online is secure. There are a variety of things that a person can do to make their bitcoin experience more secure such as keeping multiple online wallets. Be sure to speak with a bitcoin professional in order to get ideas on other things that can be done to make your bitcoin transactions more secure.

The Bitcoin Advantage Number Four: Retaining the Value of the Currency

When using bitcoin, a person will also be able to avoid things like inflation or devaluation. The bitcoin will retain its value due to the fact that the value of it is based on how many people are using it. There are a variety of people out there who are using and will use this currency in the future. The more publicity this currency gets, the more people there will be interested it and that will use it. By getting word out about bitcoin, you will be able to get more people onboard and will help the value of it increasing.

The best way to get all of the information regarding the bitcoin advantage is by finding the right professionals to speak with.

Bitcoin currency: what are the benefits?

Bitcoin currency: What are the benefits of this currency?

Why Many People Are Using Bitcoin Currency Around the World

Being able to buy things with ease is a top concern for a lot of people. Nearly every online retailer accepts a number of payment methods. You will have to take the time to figure out what type of payment method is best for you and your needs. One of the most popular form of payment in today’s digital world is the bitcoin currency. This currency is used strictly online and comes with a variety of benefits. There are many people out there who have heard the name of this currency, but fail to realize what it is all about and the benefits that it has. Below are some of the reasons why bitcoin currency is becoming one of the most popular payment methods around the world.

Bitcoin Currency Offers Freedom

The biggest benefit that comes along with using this type of currency is the freedom that it allows the user. When using bitcoin currency, a person will be able to transfer it and use it whenever they want. There is not compensation that has to be made regarding banking holidays or even time of day. Due to the all-electronic nature of bitcoin currency, a person will be able to spend it or transfer it all times of the day. With other types of currencies, a person will have to wait until banks are able to process their transfers.

There is Control and Security With Bitcoin Currency

One of the other benefits that come along with using bitcoin currency is that the security of the currency is in the hands of the users. Since the users are the ones that are doing the transactions, they will be able to control their own security. There is also no way for vendors to charge any hidden fees on the transactions that are made with the bitcoin. The private information of the bitcoin currency user is hidden from view, which means that you will be able to get the right purchases made without putting yourself in danger.

Low Cost

Among the most attractive features of this type of currency are the very low fees that you will have to pay when using it. In some instances, there will be no fees at all when using your bitcoin currency. Before you make a purchase or transfer, you will have to take the time to find out what you are being charged. The more you are able to find out about the fees, if any, the more at ease you will feel about spending your bitcoins. The last thing that you want is to be ripped off due to neglecting to read the fine print before a sale is made.

Investing the time into finding the right currency is important and will more than payoff in the end. The use of bitcoin currency is exploding due to the fact that it is easy to use and will retain its value over time.

*How to buy and sell bitcoin on Plus500 broker*