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I started by wanting to know, in particular, if bitcoin was going to be the punchline of jokes like beanie babies in the 90s, and featured in Economics 101 classes as part of bubble theory. My quick conclusion: I don’t believe the bitcoin hype is over-exaggerated.
The Wolf is a fast, aggressive trader and that matches nicely with my personal style. His calls regularly make me tons of money. A question you have to ask of all traders is “are they right?” Nobody is right all the time. In fact, even the best of the best are wrong more than they’re right. The greatest traders make their money on 20% of their trades. The rest of our trades make only modest gains or loses.
Yes! With a minimum investment of $250, you can expect to make between $50-$100 per day, depending on the currency and volatility. You won’t become a millionaire overnight, but you WILL earn a healthy side income. Once you have funded your account, contact your account manager to discover the best trading settings. Our account managers are experienced in the best time of the day to buy and sell crypto currency.
Buying into an ICO can be a valid way to make mouth-watering ROIs, some as high as 100,00% (or more). Here you’re buying the tokens of a brand spanking new coin before it is launched, so obviously you are getting a discounted rate. As long as you do your research on the ICO and project, you could see enormous spikes in value and huge returns on your investment.
Following the recent hard fork that happened with Bitcoin in early August 2017, where the network split into two separate blockchain versions after a majority of miners decided to create a new branch, a new coin called Bitcoin Cash (BCH) was awarded to every Bitcoin (BTC) held prior to and through the fork event.
I’m not going to go too deep into other ways you can earn money with cryptocurrencies because I don’t do them myself. At least not right now. Passive income is great. After you make an initial investment, you mostly sit back and watch the money roll in. It’s like buying a home and renting it out – there will be some maintenance issues but it’s mostly passive income.
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Another thing I to make clear is the type of trading I do – day trading. My base currency is Bitcoin, which I use to buy Altcoins like Ethereum, ZCash, Golem, etc. When I make a trade to buy an Altcoin with BTC, I could end up selling the Altcoin back for BTC within a matter of minutes or hours. All of my profits are converted back into BTC at the end of each trading day.
The China-based cryptocurrency exchange began live trading in July 2017, so is fairly new to the crypto exchange world. However it has proven itself thus far to its clients, with its robust charting software and both basic and advanced interfaces attracting novice and expert traders. We’ve written an in depth analysis of Binance.
Don’t invest blindy. There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. They’ll tell you what to buy or claim certain coins will moon, just to increase the prices so they can exit. Due to the highly speculative nature of the cryptocurrency markets today, a good investor will always do his or her own research in order to take full responsibility for the potential investment outcome. Information coming from even the best investor is, at best, great information, but never a promise, so you can still get burned.
Now that you have Day Trading Cryptocurrency 101 up your sleeve and have come to terms with the risks involved, it’s time to go and get a piece of the pie. There are countless day trading strategies and a wealth of information out there, so it pays to do your research (literally). The more you know about the cryptocurrency market and various trading strategies, the better off you’ll be.
“It is fairly obvious that people care about [cryptocurrency],” says Baiju Bhatt, co-founder and co-CEO of Robinhood. “We want to be there and help shape the way the industry goes with a better platform at a better price.”