Trading has always been an interesting activity to try out. If you’re interested in financials, the world of trading is one of the most expansive ones right now, meaning that there’s a high degree of information coming in at all times. However, trading has been around for quite a while, and it has an interesting story.
While modern trading involves studying the market and applying fundamental analysis online, it wasn’t always like that. In a purely traditional sense, trading can simply mean giving another person an item in exchange for something, which is a concept that has evolved throughout the years.
When online trading came along, it revolutionized the way in which people could trade important assets. These assets could be fiat currencies, gold, bonds, CFDs, and many more. Back then, people used to gather up in auction sites and trade at that same spot; it wasn’t the most practical thing to do, but it was the best one at the moment.
After some years, people started to trade by phone, which was a step further into making trading much easier. It wasn’t until online trading was born that trading gained much more popularity among the general public. Thanks to the internet, virtually anyone has access to these platforms and an opportunity to try out trading for themselves.
As said before, there have been many assets to trade over the years. One of the most recent and popular ones are cryptocurrencies, which have allowed even more people to get into trading in an easier way. Crypto trading doesn’t work as differently as other trading types, but it has some guidelines that you should know before deciding to start your first sessions.
This is a common question among new traders who want to start with trading cryptos. These assets are not that hard to obtain, making it logical for these people to start trading with them. In this case, the main problem is deciding which cryptocurrency to trade with since there are hundreds of them on the market.
Each cryptocurrency has properties that make it unique, so it can be complicated to choose the best one right away. If you want to know which cryptocurrencies suit your needs, you have to read about them, including their current value, tendencies, and average behavior. Having all this information can help you make a much better decision at the time of choosing the best cryptocurrency for you.
However, new traders can usually get lost along the way, which is why we always suggest that they start with Bitcoin, which is the most popular and accessible one on the market.
Aside from having a different value and behavior, most cryptocurrencies work in the same way. These are digital assets that people worldwide can use to make international transactions without having to deal with any banking or government entity. This opens up many business opportunities for people who want to make purchases or sell goods/services but can’t due to their local regulations.
BIt’s important to note that Bitcoins are a purely digital asset; they don’t exist in any physical form. This means that the only way to get them is by making transactions online. To have access to Bitcoins, you first need to have a Bitcoin wallet, which you can open on many platforms online; these wallets come heavily encrypted with cryptography, making it virtually impossible for someone other than yourself to access them.
Now that you know where you can store Bitcoins, it’s time we tell you how you can get them. There are four different ways that you can use to get Bitcoins; some are easier/harder than others, so you may want to take a closer look into each method before making a decision on what you’re going to do.
Here is an overview of all the methods available:
As you may have guessed, the easiest method from the list is exchanging fiat currencies for Bitcoins. In these cases, all you need is an investment amount in your local currency and place it in an exchange platform. When the transaction goes through, you receive a portion of Bitcoins, which may vary depending on how much money you invested.
Selling goods/services is also a great choice, but it would involve that you find a buyer who uses Bitcoins to pay for the items. If you’re a business owner, you can simply create a Bitcoin wallet and place it on your allowed payment methods. However, if you don’t have a business, it may be harder for you to find someone with Bitcoins willing to pay, but it can be doable.
Mining involves using your computer to process the data of each crypto transaction happening at the moment and place it in a Blockchain network, which is a public server in which the details of every transaction are safely stored to prevent any fraudulent transactions or alterations in payments. The mining process isn’t hard at all, but you need to have powerful equipment if you want it to work in the long run. It has been proven that mining Bitcoins can consume too much energy if you do it for several hours, which could render this method useless if you don’t have the required equipment.
Finally, we have Bitcoin trading, which is one of the most popular methods since it’s accessible for everyone who is willing to study the markets and come up with trading plans tailored to their needs. When it comes to trading, it may take some time before you start understanding what works and what doesn’t, but if you commit to it, you can learn how to analyze the crypto markets efficiently.
As we said before, Bitcoin trading works a bit differently from other types of trading; this happens due to the asset’s volatility, which makes it complicated to accurately predict its price at a specific point in time. In essence, your main goal with Bitcoin trading should always be to purchase the asset when its price is low and then sell it when its price is high.
While the strategy sounds solid, it’s easier said than done. There’s no way to predict the price of Bitcoin since it can change from one second to another. However, you can use market data and statistics to create a trading strategy that allows you to make a much better financial decision on your trades. It’s not going to guarantee results, but it can help you know what to do in the future.
The thing about Bitcoin trading is that it takes an overwhelming amount of time to get it right. You can’t expect to become a master trader overnight, which is why many people decide not to trade in the end. One of the keys to trading better is having patience and developing the ability to determine whether making a specific trade is a good choice or not.
Normally, you would have to spend many hours looking at your computer monitor to identify the best moments to make a trade. However, thanks to Bitcoin Prime, this process becomes much simpler and accessible for the user.
Bitcoin Prime was developed to make trading a bit easier and doable for the user. We understand that professional traders may not have an issue with spending several hours monitoring market data, but this can limit new traders since the process can be extremely overwhelming for them.
What Bitcoin Prime does is taking your trading parameters (Which you can set up at the beginning of each trading session) and using them to find suitable trades for you. It sounds simple, but it can significantly lower the time you have to spend on your computer, making it much more comfortable.
Time is one of the most determining factors in trading, so logically, saving as much as possible of it can be helpful with your trading journey. Thanks to this new platform, traders at all skill levels can have some breathing room on their trading sessions, which allows them to be more efficient with their decision-making processes.
However, saving time is not the only feature that you can enjoy from Bitcoin Prime. We wanted to make this as smooth as possible for everyone, which is why we worked hard to keep the app filled with useful features for the user.
Here’s an overview of some other features that you can get from Bitcoin Prime:
Our sign-up process is one of the easiest ones on the market right now. We’re not going to make you go through hours of verifications and approvals; all we ask for is a few minutes of your time to get you started on the Bitcoin Prime app.
If you’re interested in becoming a member of the Bitcoin Prime trading community, make sure to follow these steps:
First, fill out our registration form below. In there, you have to provide us the following information:
After you send us everything, we’re going to take a couple of minutes to verify the information. Once we’re done with that, we’re going to send you an e-mail with the verification link for your account.
Open the Bitcoin Prime app for the first time and take your time to review all the features available at the moment since it’s going to help you understand the software much better. After you explored everything, you can start funding your account and choosing your preferred trading parameters.
Click on the “Trade” button to begin your first trading session! Keep in mind that you can adjust your trading settings at any point you consider appropriate.
If you have any additional questions regarding Bitcoin Prime or Bitcoin trading, make sure to read the following FAQ section!
Yes! We’re not going to charge you anything at any point in the process. Create your account, fund it, set it up, and you’re good to go!
You can start using this app without having any experience with trading. If you’re a beginner, we suggest that you take your time with the app before you start trading.
You can trade from any device that has access to the internet, so you may use any smart device that you feel comfortable with.
Bitcoin has recently surpassed its all-time high, meaning that this is a great opportunity to start investing in Bitcoins and trading them on the markets. Remember that learning how to do this properly takes time, but don’t be discouraged by that; if you’re patient and willing to keep learning each day, you’re going to become a great trader sooner than later.
If you’re ready to start, sign up now!