Everyone knows the importance of investing. Whether you’re investing in stock, buying up digital currencies, or trading for profit, any competent financial advisor will recommend using your money to make more money. With the rise and increasing ease of international trading thanks to the Internet, digital currencies (or “cryptocurrencies”) have quickly become one of the most sound and reliably profitable investments on the market. The very first, most popular cryptocurrency is Bitcoin.
As both the first and most commonly traded digital currency, Bitcoin is taking the world of trading by storm. Because the currency is based in a bank, it allows the owner to shop, invest, and spend with privacy and security without the added issues of fees and other such financial frustrations. This makes the currency extremely attractive to online shoppers everywhere, as well as those who enjoy trading and participating in Internet casinos thanks to the lack of transaction fees, foreign transaction fees, etc.
Bitcoin is 100% open source, which means that it doesn’t belong to any one entity. No country, no individual, and no group can own it, allowing the public as a whole to participate in it regardless of their location, status, or any other such exclusionary factor. It’s a P2P currency, meaning it’s paid as peer-to-peer instead of needing to go through a third party financier like most currencies do (be it through a bank, a payment processing system, or another type of financial party).
Bitcoin both exists and is created digitally as opposed to being reliant on printing, and can be utilized by and for any merchant that accepts it. Thanks to its rise in popularity, the number of merchants who will do so is also rising exponentially, making it all that much easier to rely more on this profitable cryptocurrency for any financial activities rather than your usual bank accounts and credit cards.
On top of all of these helpful features, the value of Bitcoin has risen exponentially since its conception in 2009. A single Bitcoin used to be worth a fraction of a United States Dollar, British Pound, or Euro. Nowadays, the ratio fluctuates around one Bitcoin being worth approximately 7,000 USD, 5,500 GBP, or 6,500 Euros. The unit itself is volatile in the short-term, which can be both a pro and a con. On the positive side, it means that if you wait for its value to hit a decrease, you can invest in it and make a huge profit when its value inevitably increases again. On the other hand, some investors may prefer more predictable investments, although the Bitcoin’s long-term rise in value makes it an incredibly sound long-term investment.
As it has gained popularity, the general public has delved into using this particularly profitable cryptocurrency in place of other formal currencies to exchange for goods and services or make investments. Investing in Bitcoin itself is a popular practice thanks to its astronomical rise in value over the past decade, increasing from cents on the dollar to thousands of dollars.
Bitcoin trading, simply put, is the act of literally buying and selling the currency itself. If we use the theory above that involves buying it during a fall in value and waiting until it’s reached a peak to sell it, then repeat the process several times, it would be incredibly simple to turn a profit in relatively short periods of time.
While the currency itself is both created and managed digitally, there is still a finite amount of it available on the market. It’s still a currency that’s highly regulated and has to be mined in order to increase the amount available, and that will only happen if and when demand rises as well. Given the number of people currently interested in this kind of investment trading, it’s not at all unlikely for this to happen. As it stands, approximately 21 million units of this digital currency exist on the market.
In order to get started with Bitcoin trading, you have to create an appropriate trading account with a reputable cryptocurrency trading company, such as XTRgate. Then, you’ll need to deposit whatever funds you intend to utilize and decide how much you’re looking to invest right off the bat. After you’ve done that and your funds are available to use for said investments, you’re ready to get started buying and selling!
XTRgate is a secure, reliable, user-friendly broker that allows you to trade Bitcoin as one of its primary cryptocurrencies. XTRgate is wonderful for traders with any level of experience from complete beginners to experts, providing a huge library of free resources so that no one is left with unanswered questions.
Those who are just starting to dip their toes into the world of digital currency trading will find the Trading Academy invaluable. This training center will show you all of the ins and outs of Bitcoin trading so that you can feel confident in your investment and trading practices before you even get started. The Trading Academy is so in-depth, however, that even cryptocurrency experts will be able to find helpful hints and useful information in its libraries.
In addition to informational resources, XTRgate offers a flexible trading platform to suit any lifestyle. Whether you’re trading from behind a desk or from your mobile device while on your daily commute, XTRgate will never let you miss a valuable trade. You can set alerts and reminders, access your account from anywhere, and ensure that no matter whether trading is your primary source of income or a profitable side hobby, you have the tools and access you need in order to succeed.
One of those tools is consistent customer support. An account with XTRgate gets you access to round-the-clock support from analysts, account managers, and even personal brokers who can help you read the trends and figure out what the best way for you to invest and trade is. They may also help you decide which cryptocurrency is the best investment at the time, though Bitcoin is always going to be a safe and fruitful bet.
And, of course, XTRgate knows that the security of your information, funds, and account are a top priority. That’s why XTRgate has made certain that all security measures are up to date and 100% SSL encryption technology is used to guarantee your privacy and security.
Finally, XTRgate does not charge additional fees just so that you can have several trades open at once or perform regular trading activities. Many brokers will have small percentages taken out for each transaction or for certain types of transactions. XTRgate puts emphasis on the traders’ success, however, and part of that success lies in not having to pay exorbitant fees just to operate.
As mentioned above, the Bitcoin has increased in value at astronomical levels. Since its conception in 2008 and subsequent launch in 2009, this digital currency’s monetary value has risen exponentially from a fraction of a cent to thousands of dollars. So why should you invest in Bitcoin? Because it works!
To put things in perspective, the very first transaction involving Bitcoin trading valued a single Bitcoin at $.0009. That’s 9 hundredths of a penny in USD. Then, the highest value it has ever reached was a whopping $20,000 USD in December of 2017. Granted that larger number was quite an outlier, and the value hasn’t gotten quite that high again since then, but even today’s value of about $7,000 USD is over a million times improvement on what it had ever been worth before.
Also as previously stated, the Bitcoin is a volatile currency. This means that while there are incredible gains to be had, there are also potentials for deep losses depending on when you buy and when you sell. This is one of the many reasons why XTRgate provides such an extensive resource library for its members, hoping that they’ll start learning everything they need to know about Bitcoin trading before actually trying their hand at it. You need to watch the trends and jump in at an opportune time, when the value has fallen, so that the value of your stock can only increase from there. However, if you do that, Bitcoin is just about guaranteed to bring you fortune and success.
One of the biggest differences between Bitcoin and any other digital currency is its magnitude, because that magnitude is what helps it ensure security, diversity, availability, and popularity in general. Because these currencies don’t have some of the restrictions on them that national currencies or closed-source currencies might, cryptocurrencies are in dire need of protection from hackers and those who would steal information and/or funds.
Bitcoin has proven that it has that kind of reliable, stable security. Because it has the most resources available to pull from, Bitcoin has been able to all but guarantee your privacy and security while also ensuring that the trading itself remains safe.
On a similar note, because Bitcoin is the most popular cryptocurrency on the market, it also has the highest number of merchants and platforms ready and willing to trade using it. Other types of digital currencies are still trying to catch up to Bitcoin and gaining very little ground. Meanwhile, Bitcoin is a tried and true currency that has proven itself in terms of longevity, security, value, and profitability. Ultimately, there’s no need to try digital trading with any currency other than Bitcoin.
Even putting all of this aside, though, the simple fact that the Bitcoin has multiplied its value by millions in the past decade alone is enough to convince experts that this venture is worthwhile. Even if you were to start out with a single Bitcoin, that Bitcoin has already shown the potential to triple in value just between today’s market value and its highest recorded value, and that $20,000 value was reached within the past two years. If substantial profit is what you’re looking for, Bitcoin has proven itself to be the way to go.
As briefly discussed in the above sections, any investor should make sure that they’re fully educated on the subject before making heavy financial decisions, including investing in Bitcoin. There are a series of steps that are best to follow in order to ensure a successful trading experience:
All in all, Bitcoin is an incredibly sound investment for beginners and experts alike. Thanks to its proven trends over the past decade and its rising dominance in the digital world, people can trust that using this cryptocurrency in their digital trading practices is secure, profitable, and worthwhile. So long as you educate yourself before you get started and continue to keep an eye on trends throughout your trading experience, you can easily make a significant profit on Bitcoin trading.
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