">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Sunday, January 17, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Tech

4 Things That Most People Don’t Know About Bitcoin Trading

Milcah Lukhanyu by Milcah Lukhanyu
3 years ago
in Tech
6 min read
0

As the most popular digital coin on the internet today, bitcoin is more than just a convenient means of transferring money from anywhere in the world. For investors, its convenience and scarcity make it a valuable investment asset. However, unlike other traditional stock investments, bitcoin trading has a lot of risks.

With the market hitting a rocky path in the last few months, retail investors have to know that the cryptocurrency industry has as many benefits as the risks. Here are several tips that most people may not know about when trading bitcoin:

  • Expect volatility

While a 5 % loss within a day in stocks is pretty scary, a 20% movement within hours is pretty standard in cryptocurrencies. Like any other digital asset, bitcoin is considered to be at its infancy stage, and it’s possible that its value could go to zero in the future. However, the price volatility is mainly what makes bitcoin profitable for both short-term and long-term investors.

That said, you should view this virtual currency as a speculative investment option that makes up less than 5% of your portfolio. You should also avoid investing an amount you can’t afford to lose.

  • Know where to buy bitcoin

Though most people fail to realize this, learning to trade bitcoin starts by identifying the best place to buy your digital currency. Depending on your country, you can buy and sell coins in crypto exchanges or contact individual sellers through online forums and escrow services. However, you need to consider the payment options allowed by each firm. For example, you may want to choose a firm that accepts my vanilla debit card to pay for bitcoin instead of using your bank account.

  • Know when to buy and sell
READ  Fanmode Raises $2.4M To Get Fans Closer To Them

Just like any other investment portfolio, learning the right time to buy and sell cryptocurrency is critical to ensure that you avoid losses. It’s important to take note of any changes in the crypto market, to allow you to predict any possible future price changes easily. For instance, Litecoin investors should have seen a price crash in December last year after its founder sold his share capital. However, most people bought more digital coins instead of selling, making huge losses after the price drop.

  • Bitcoin’s price manipulation

Though bitcoin is built on a secure and decentralized system, it runs into some issues that traditional assets don’t. It’s evident that the digital currency market experiences a higher level of volatility when the bitcoin conference commences. Last year, bitcoin’s price hit $18,000 and started to tank within 24 hours after the conference started.

Related posts

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
0

How to fuliza by Safaricom guide

January 15, 2021
0

ASUS debuts new ZenBook Duo | Pro Duo, VivoBook, ExpertBook and Chromebook laptops at CES 2021

January 15, 2021
0
signal-apps

Is Signal That Different From WhatsApp? Here Are 5 Ways It May Be Different

January 15, 2021
0

While you may be familiar with shady trading technique at the stocks market, nothing comes close to bitcoin’s manipulation. It’s most likely that traders come together to manipulate prices, but you can still make a profit.

Final Thoughts:

Given that the blockchain and the cryptocurrency industries are still in the experimental stage investing in bitcoin is both highly risky and potentially profitable. Luckily, you can exchange your fiat currency for bitcoin by using my vanilla debit card or trade-in other tokens. However, as noted in the past few weeks, hackers are a huge menace in crypto investment.

Readers 1,985

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

cryptocurrencies

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
0
How To

How to fuliza by Safaricom guide

January 15, 2021
0
Tech

ASUS debuts new ZenBook Duo | Pro Duo, VivoBook, ExpertBook and Chromebook laptops at CES 2021

January 15, 2021
0
signal-apps
Tech

Is Signal That Different From WhatsApp? Here Are 5 Ways It May Be Different

January 15, 2021
0
Tech

Between WhatsApp, Facebook And Signal Which Platform Collects More Personal Data?

January 15, 2021
0
Tech

HTML5 Tech Takes Over from Flash to Advance E-Sports Industry

January 15, 2021
0
uganda-8
Tech

This Is Why The Ugandan Web Is Currently In Turmoil And Their Internet Has Been Shutdown

January 14, 2021
0
Leadership

SEACOM suffers second major executive exit as CTO resigns

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

realme to release more phones in 2021 to grow its smartphone market share

January 16, 2021

What You Need To Know To Manage Your Network Effectively

January 16, 2021

Baidu establishes an Intelligent electric vehicle arm to bring autonomous cars on a road near you

January 15, 2021

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: