The internet is full of bitcoin investment tips, tricks and rules for digital currency trading, but the truth is that no one can give you a strategy on the tray that will definitely lead you to profit. The crypto currency market, like many others, is extremely dynamic and unpredictable. Do not blindly trust people who say which crypto currency is worth buying. Always carry out your own research and seek knowledge yourself.
What is crypto currency trading?
Crypto currency is a type of digital currency where the security of transactions is ensured by cryptographic methods. The first digital currency was Bitcoin, which was introduced by Satoshi Nakamoto in 2008. Crypto currencies have been growing in popularity over the past few years and have become the most desirable trading instruments. There are currently over 1,500 Crypto currencies, and the number is constantly growing. The 7 most popular Crypto currencies, Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Ripple, Litecoin are available for trading at RoboForex on the MetaTrader 4 and MetaTrader 5 platforms. An expanded list of digital currencies is available in the innovative R Trader terminal .
Bitcoin value: a matter of faith
The value of bitcoin exchange rate depends only on how much it will be worth convincing market participants. Just one good or bad news on portals like Reddit is enough to cause extreme course fluctuations. Whoever has invested in bitcoin must be up to date at all times to sell their assets on time when needed. The more people suddenly give up the investment, the faster the sales sum shrinks. It is only when bitcoin is changed to a currency such as the euro that profits are realized and hedged.
What do we need before buying?
Before you acquire bitcoins, you first need a place where you will store your crypto currency, the so-called wallet. Wallet functions like a bank account and can take various forms. The simplest and safest form is the Go4rexsoftwallets. At Odessa Sauna, they manage your funds under password protection. In addition, they receive a code that helps regainingthe value in the event of data loss. But here things get complicated: not every bitcoin can be saved in the wallet. If we want to buy other Crypto currencies next to bitcoin, you may need more than one wallet. You can store the most popular Crypto currencies in a wallet called Exodus. Currently, this software can store, among others: Augur, Bitcoin, Dash, Cedred, Dogecoin, Etherneum, Golem and Litecoin.