Bitcoin is all the talk these days. And despite the fact that it has been around for a while, there are still a lot of people who have no idea what the term means, why the concept of digital money seems to be so popular, and whether ordinary people outside the world of stock exchanges and forex sharks can succeed at earning a bit, or a lot, on the side by investing in cryptocurrency.

Let’s take a look at what it takes to start investing in bitcoin, how to make sure it’s profitable, and learn a little secret weapon, a trading software called Bitcoin Trader you could use in order to stay on the better side of cryptocurrency.

First Of All, What Is Bitcoin?

Bitcoin is a pretty complex kind of digital money that can be exchanged for any kind of physical currency worldwide. It can be traded for dollars, euro, yen, whatever, and the best thing about it is that it is not tied to any country or bank institution. This makes it virtually anonymous and untraceable, and it is one reason why bitcoin has such appeal to those who pursue it.

Another great feature of the currency is that it cannot be printed and faked. Why? Because it uses a complex kind of cryptography that controls its creation. You can rest assured you will never come across a counterfeit bitcoin.That is why the money counts on peer-to-peer transactions to circulate on the internet, instead of a bank or other physical financial institution. No national bank or financial institution of any kind has the ability to determine which direction the currency will go.

One other fact that might surprise you is that bitcoins are not unlimited. When their number reaches 22 million, which is expected to happen by year 2040, bitcoin mining, the process through which the currency is obtained, will cease. When that point is reached, the only way to operate with bitcoins will be by either buying, selling, or exchanging them for other services. Bitcoin supply does not occur at a random pace, however. There are a lot of conditions which determine how the currency fluctuates, such as trader activity, for example, which in turn depends on market trends.

Why Is Bitcoin So Attractive?

While bitcoin volatility makes cryptocurrency trading a very risky undertaking, this volatility is also the factor which opens opportunities for massive profit, when bitcoin price moves abruptly and unexpectedly to show significant discrepancy between its buy and sell prices. The fact that the nature of internet allows for bitcoin trade to be conducted around the clock is another very strong factor.

As a decentralized currency, bitcoin is immune to the political and economic issues which plague physical currencies in different countries and regions of the world. This attractiveness also goes hand in hand with high risk when dealing with crypto, as there are other numerous factors at play which can lead to a rapid leap or collapse in value. Let’s look at these factors.

What Affects Bitcoin Value And Price?

One of the factors which can considerably hurt cryptocurrency is bad press. It seems that bitcoin’s value and future outlook is constantly being questioned in all forms of media. All physical currencies experience less than perfect perceptions from the public from time to time, but for digital money it seems to be a permanent state.

Bitcoin is yet to be incorporated by many businesses as a means of remuneration and paying for goods and services. Once it becomes as regular as other common payment methods, we would be able to tell how significant its influence and standing in the corporate world will be.

Key events in both the Finance and Technology have impact on digital currency. It could be security breaches that affect trust in its stability, regulation changes that are to be incorporated when trading, as well as general macroeconomic setbacks. You can find a more comprehensive list of factors that drive bitcoin movement at https://hackernoon.com/factors-influencing-bitcoin-price-cfabdf634894.

How To Trade With Bitcoin?

There are two main patterns of bitcoin trading. The first one represents following short-term movements of the currency, such as within the span of a single day. The other focuses on momentous trends that result in price swings, in which participation takes place as the trend is active or until it starts showing signs of reversal.

There are also two modes of trading – manual and automatic, or autopilot mode. Which one you pick depends entirely on personal preferences and expertise. Manual trading requires at least a basic experience with financial and digital data, so if you are a newbie, it is logical to start by applying automated trading software such as Bitcoin Trader.

How To Use Bitcoin Trader For Fun And Profit?

To be able to start buying and selling, you need to open an account with Bitcoin Trader. It is as easy as a breeze, takes a minute and as soon as you add some initial funds you are good to go. You don’t need to create any accounts with exchanges or other trading platforms because the software pulls all its operative data from trustworthy exchanges from anywhere on the internet. Bitcoin Trader has already gathered that information instead of you and for you.

Once you have created and verified your account, you need to pick a trading strategy and plan. You especially need the latter if you are a novice, so that you can stay cool and act reasonably when the stakes are high and emotions might otherwise lead to bad decisions. Set your short- and long-term goals and determine what you would call a justifiable risk. Deside on your target profits and decide about the markets where you would like to participate. Bitcoin Trader grants access to all digital currencies, not just bitcoin, so you have a choice to either stick with it or dab in other crypto money as well.

Start Trading

Once you have decided on your goals and made an initial deposit, you can start trading right away. Set the amount with which you want to participate and configure conditions that will determine when you enter or exit the trading process. You can also check out a few beginner tips here.

If you are completely new to crypto trading, fear not! Simply select autopilot mode and the software will run an analysis on current market climate and trends in order to determine what conditions will be best to configure for your trading. Go have fun or attend to other stuff while Bitcoin Trader makes sure you take advantage of the best window of opportunity that presents itself. You can periodically check up on the accumulated profit and decide if you would like to introduce any changes to your selected settings.

You Do Not Need To Register At An Exchange Platform

If you are wondering if you need both a Bitcoin Trader and an exchange account, the answer is No. One of Bitcoin Trader’s great features is the fact that it pulls quote data from all active exchange platforms, enabling you to take advantage of the best rates without having to hunt down the information yourself and open fifty accounts at various sites in order to trade.

You just need one account and you are ready to go as soon as you deposit the minimum amount of 250 dollars in order to have some trading funds the system can operate with. Then you have to decide between manual and autopilot, and select the currency you would like to trade. Bitcoin Trader will take it from there, making sure you get the best possible return on investment.