If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn.
Author : Hugh Kimura 16 January 2018
Watch exchanges like Coinbase at https://www.tradingheroes.com/coinbase, Bitfinex at https://www.bitfinex.com/, Poloniex at https://poloniex.com/ or CEX at https://www.tradingheroes.com/cexio. It could give it the boost you have been looking for. Software Upgrades. Over the past few years, there has been a lot of discussion in the Bitcoin community about upgrading the core software functions of Bitcoin. The primary discussion has been around the transaction speed of Bitcoin. If you have ever funded your trading account with Bitcoin or tried to buy anything with Bitcoin, you will understand what I mean. For a digital currency, the transaction time is a little slow. It can take about 30 minutes or more, to do a single transaction. Upgrading this speed has been hotly debated and finally led to the creation of Bitcoin Cash at https://www.bitcoincash.org/. After the split of Bitcoin Cash, Bitcoin has taken off to new highs. There will be countless other software changes across all cryptocurrencies, so make sure that you understand the implications of those changes. Public Hype. Just like fake tweets at https://www.fool.com/investing/2016/06/21/fake-tweets-sink-stocks-what-happens-when-scammers.aspx can affect the price of a stock, any type of hype can affect the value of a cryptocurrency. Good or bad. So before you dismiss something as just hype, remember that hype moves markets too. But if you do trade hype, be sure to close your trade out long before the hype has a chance to cool off. Otherwise, it could be a very expensive lesson.
Wallet Improvements. Since you are reading this post, you probably want to start actively trading cryptocurrencies. But there are many other people who are investors and want to buy and hold for the next few years. This is where storage becomes an important part of the cryptocurrency valuation equation. Unlike traditional fiat currency that can be stored in a bank, your trading account, or your mattress at home, cryptocurrencies need to have a compatible wallet (or cold storage solution) to be stored safely. Remember that cryptocurrency is simply software. So the wallet software needs to be able to work with the cryptocurrency software. It’s like trying to use the Windows version of Microsoft Office on a Mac. That simply won’t work. Therefore, if a cryptocurrency doesn’t have a good wallet yet, that will prevent less technical investors from buying the currency. But as soon as one is available, then it makes the currency much more accessible to the masses. …and thus, more valuable. If you find that a cryptocurrency does not have a good wallet solution yet, that could be one signal that it is undervalued. Looking for opportunities to buy, immediately after the launch of the first high-quality wallet, could give you a nice short-term profit. Platform Applications. Some cryptocurrency platforms, like Ethereum, host other applications. These applications, in turn, can have their own currencies or tokens. If one of these DApps at https://www.coindesk.com/7-cool-decentralized-apps-built-ethereum/ or Decentralized Apps does very well, this can have a positive effect on the underlying platform currency.
The value of the tokens should theoretically be independent of the value of the platform. However, not everyone understands this and the success of one DApp can drive the price of Ether…at least in the short term. So if you are trading a platform cryptocurrency, watch promising apps on the platform closely. Government Regulation. Finally, government regulation can have a huge effect on the value of a cryptocurrency. One example is in Venezuela, where the police have been arresting Bitcoin miners at https://cointelegraph.com/news/venezuelan-bitcoin-miners-turning-to-ethereum-after-government-crackdown on made-up charges. This has forced miners to go underground or start mining Ether instead. But this could happen in any country. Any decision by the NFA at https://www.tradingheroes.com/nfa-bans-hedging-in-us-forex-accounts/ or SEC could affect the value of certain cryptocurrencies. The SEC has already banned at https://www.sec.gov/oiea/investor-alerts-and-bulletins/ia_icorelatedclaims certain Initial Coin Offerings (ICOs), due to the potential pump and dump situation that could happen with those coins. Be aware of current trends in government regulation and steer clear of currencies that could get red flagged by government agencies. Conclusion. So that is the Trading Heroes Beginner’s Guide to Trading Cryptocurrencies. I hope that it answered any questions that you may have had about trading currencies like Bitcoin or Ether. There will be more detailed posts on specific currencies and how to do some of the things mentioned above. If you have any more questions or comments, leave them below. Happy Trading.
Read more about Bitcoin and The BitClub Network at https://mypr.co.za/beginners-guide-to-bitcoin-and-cryptocurrency-trading-part-5/.
From: Clyde Thorburn
CLICK HERE to submit a Video Press Release to MyPR.
Submit and get free press releases here: MyPR Free Press Release.
Click here to list your business on BuyPE.