5 Tips and Tricks You Should Know Be a Successful Crypto Trader

Mar 27 2022 Published by admin under Uncategorized

If you are going to put money in cryptocurrency for the first time, we suggest that you get at least a basic understanding of the industry. In this article, we are going to give you 5 tips and tricks that will help you become a better investor. Keeping these tips in mind, it will be easier for you to achieve success as a beginner.1. Look for Reputable Sources of NewsYou will find different opinions about the world of cryptocurrency. According to some people, crypto is nothing but a fad, while others think that it is a great investment, especially if you are looking to invest your money for the long term.If you are sure that you can benefit from Crypto, you should stay tuned to trustworthy sources and don’t listen to non-believers. For achieving success as an investor, you should consider some facts and then keep investing your money wisely.2. Get Ready for Volatility Unlike regular currencies, cryptocurrency is not that stable. A few months back, the value of one of the most popular cryptocurrencies called Bitcoin was around $40000. But it has now dropped back to $30000. So, what you need to do is make your decision wisely. If you become greedy, you may suffer huge losses.Even if you ask expert crypto traders, they will say that even they don’t have the mastery of the art. So, you need to be careful when it comes to you investing in crypto as cryptocurrencies are quite volatile.3. Consider other Altcoins As far as cryptocurrency is concerned, you are not just restricted to Bitcoins. Therefore, it is not a good idea to put all your eggs in one basket. In other words, you should invest your money in other types of cryptocurrency as well.So, what you need to do is do your homework and find out which ones are doing well. In other words, you should choose the top 5 cryptocurrencies and invest your money in them.4. Learn about Hot and Cold Wallets Although crypto is a digital currency, you can still store them on the internet in your hot wallets. But if you are just starting out, you may want to give a go to offline wallets as they are quite useful and versatile.On the other hand, it is true that cold wallets offer protection against hackers. So, if you want to diversify your assets, we suggest that you get familiar with both hot wallets and cold wallets.5. Be Vigilant Although cryptocurrencies have high safety standards than conventional currency, we suggest that you follow precautions. So, what you need to do is be careful when it comes to investing a large amount of money in the digital currency of this type.You should find about different methods to handle your transactions and see how you can effectively manage your cryptocurrency in a responsible manner.Conclusion In short, you may want to follow these 5 tips and tricks if you want to be successful as a cryptocurrency trader or investor.

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Bitcoin Cryptocurrency – Understanding the Basics

Mar 27 2022 Published by admin under Uncategorized

It’s been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nobody knows about the exact origin of the currency however it popped up in mid 2008 related to a Japanese pseudo name “Satoshi Nakamoto”.So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the financial markets. Well, the following listed reasons may give you an idea of its popularity and a piece of evidence as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an independent free-floating currency which is neither owned by any government nor associated with any other currency for it to influenced value wise by the economic indicators that govern the value of traditional currencies.

With its growing popularity among the masses, it now enjoys an increased level of acceptability at all levels, for instance, you can now buy stuff with Bitcoin cryptocurrency directly and also trade it at different platforms such as CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.

In most cases the transfers are instantaneous.

The convenience of making transactions over the internet or your mobile phone with a couple of clicks.

Your privacy is secure as compared to other modes of payments over the internet where your vital information can be leaked and misused.

While transferring money through the conventional methods you have to pay fees depending on the volume of your transactions and further, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state regulations and furthermore, you don’t incur heavy fees on the transactions.

Since you are the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent due to the shared public ledger and anyone can verify a transaction at anytime from anywhere around the world using the internet.

Another advantage of having a Bitcoin cryptocurrency wallet is that your account cannot be frozen.

Keeping in view the growing popularity and acceptability of Bitcoin cryptocurrency we can safely assume that the future of Bitcoin is not only safe rather quite bright and this innovative payment method is here to stay.

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Getting Started With Cryptocurrencies

Mar 27 2022 Published by admin under Uncategorized

Investing in the cryptocurrency market space is often complex especially for the traditional investors. This is because investing directly in Cryptocurrency requires the use of new technologies, tools and adopting some new concepts.
If you decide to dip your toes in the CryptoCurrency world, you will need to have a clear picture of what to do and what to expect.Be it Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies require you to choose an Exchange that deals in the products you want.Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the matter of fact is that there are other cryptocurrencies as well that can be relied upon for making crypto-investments.LitecoinLitecoin, also referred to as ‘silver to Bitcoin’s gold’ is an open-source decentralized payment network that functions without involving an intermediary.How does Litecoin vary from Bitcoin? Well, both are similar in many ways, however the block generation of Litecoin is much faster than that of Bitcoin. This is making the investors around the world open to accept Litecoin.Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin does not have the anonymity technology of Bitcoin, recent reports have shown that Litecoin is preferred after bitcoin because of its persistence. Another factor that favours Litecoin is the Bitcoin SegWit technology that means secure peer-to-peer trading of currencies without involving exchange participation.EthereumLaunched in the year 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to function without third party interference. The currency is the ether that is like an accelerator within the ethereum platform. In the leading cryptocurrencies space, Ethereum. is the second most preferred choice after Bitcoin.ZcashZcash gained attention in the latter part of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.The currency offers the choice of the shielded transaction to maintain the transparency, privacy and security of transactions. This means the investors can transfer data in the form of encrypted code.DashOriginally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield with the name Xcoin. It is also known as the Decentralized Autonomous Organization or simply DAO. The coin was meant to eradicate all the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a substantial position in the space of cryptocurrencies.The alternative to virtual currency that promises secured and anonymous transactions through peer-to-peer networking is cryptocurrency. The key to making a lot of money is to make the right investment at the right moment. In comparison to making the everyday money, cryptocurrency models function without involving any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, the continuous activity is issued, managed and endorsed by the community peer network. The cryptocurrency is known for its speedy transactions over any other mode such as digital wallets and other mediums.In addition to the above discussed, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).Although bitcoin is the trend setter and is leading the race, other currencies have also made their significant position and are growing in preference each day. Considering the trend, the other cryptos will have a long way to stay and might soon give Bitcoin a real tough time to maintain its position.If you have decided to make a speculative investment in this disruptive technology, and want to have all current and future recommendations, connect with “The Top Coins”.

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