If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn.
Author : Hugh Kimura 16 January 2018
As traders, our job is to take advantage of opportunities in the markets. Sometimes, these opportunities come in the form of entirely new markets. I’ve been interested in cryptocurrencies for a few years now, but I’ve been very reluctant to trade them, much less write about trading them. I felt that there was just too much risk. Especially for the average trader. …and quite frankly, I didn’t understand them well enough myself. The first time that I saw them as viable for trading was when I went to this conference at https://www.tradingheroes.com/one-trading-conference-a-year/. I saw Chris Dunn at https://chrisdunn.com/ talk about trading Bitcoin, but I was still skeptical that it would stay around for the long-term. …until recently. I credit my friend for talking to me about it on Twitter and opening my eyes to the potential in trading this emerging market. I’m not sure if he wants to be named, but you know who you are. I sincerely appreciate the education and helping me see the light! This is a perfect example of the benefit of staying in touch with other traders on platforms like Twitter at https://www.tradingheroes.com/how-to-connect-with-trading-mentors-and-friends-online-via-twitter-facebook-blogs-and-more/. Anyway, as I have done more research and have actually started trading them, I have found that there are tremendous opportunities. With some coins, it’s potentially like being able to get pre-IPO shares of Microsoft. But there are also big risks. Remember, the dot-com bust?
There will probably be losses of that magnitude too. That’s just how these new technologies work. So in this post, I want to share with you my knowledge of the cryptocurrency markets and give you a total beginner’s guide to trading them. Be sure to bookmark this page because I’ll continually update the information, as things change. For you crypto veterans, this will be very simplified, but my goal is to make this information as easy to understand as possible so new traders can make an informed decision about the opportunities. Once people get the general concepts, then they can geek out about the details. This is the future of FX trading. So in addition to USD/CHF, CAD/JPY and EUR/GBP, we also need to be aware of XLM/USD, ETH/BTC and XRP/LTC and more. Table Of Contents. What is a Cryptocurrency? Is Cryptocurrency Real Money? Risks of Cryptocurrency Trading/Investing. 1. Some Technologies Will Fail. 2. It Requires Technical Savvy. 3. There’s a Lot of Broker and Technology Risk. What is a Blockchain? The Characteristics of a Currency to be Aware of. What are the Different Cryptocurrency Use Cases? Worldwide Financial Transactions. Application Platforms. Private Financial Transactions. Specialty Currencies. How do You Buy Cryptocurrencies? How to Buy Altcoins. How do You Store Cryptocurrencies? Cryptocurrency Tracking Apps. What Can Affect the Price of a Cryptocurrency? Exchange Listing. Software Upgrades. Public Hype. Wallet Improvements. Platform Applications. Government Regulation.
Conclusion. What is a Cryptocurrency? Let’s start at the beginning. You may have heard many things about what a cryptocurrency is, but you may still be searching for an understandable definition. I hear ya, I was in the same boat for a long time. Instead of getting too technical, here’s the easiest way to think about cryptocurrencies: A cryptocurrency is basically money on software platforms. It’s important to keep in mind that the teams/companies that are behind these cryptocurrencies are not only creating a new form of currency, but a new software platform. To demonstrate how this works, let’s take a look at other software platforms that you are probably already familiar with. Examining how these platforms work will help you understand cryptocurrencies. Here are a few software platforms that many people use. Windows: A software platform for personal computers. Dropbox: A software platform for storing and sharing documents. Fedwire: A software platform that sends money between financial institutions. On each of these platforms, a type of money is used, in exchange for using the platform: Windows: You pay US Dollars (or your local fiat currency at http://www.investopedia.com/terms/f/fiatmoney.asp) to buy a license for Windows to use on your computer. If you buy a computer that already has Windows on it, the license fee is included in the purchase price. Dropbox: You pay US Dollars (or your local fiat currency) to buy a subscription to use the software for a month or a year, depending on which plan you buy.
Read more about Bitcoin and The BitClub Network at https://mypr.co.za/learning-about-bitcoin-part-3/.
From: Clyde Thorburn