If you thinking about investing money into bitcoin, we will guide you in what opportunities there is. What are the benefits and dangers when you invest in bitcoins? We will not tell you what to do, but we will help you to form your own opinion.
Before you start investing then make sure you know what bitcoin is that you can do by reading our article on “THE BASICS OF BITCOIN” besides a knowledge of how you keep a safe wallet is needed so you can read our guide for “SECURING YOU BITCOIN” and if you feel secure in those to things then lets get into investing with the possibility of earning.
The simple way to is through a known sales company or exchange, and you will find some reasonable prices out there so we will start with trading on a simple platform ending on some of the advanced professional platforms. So depending on your level of experience scroll down and once we are finished with the platforms, I will move on to the trading tactics I use to build a successful portfolio.
It is really the best price you get when using coinbase, but for a beginner learning how to conduct safe business in cryptocurrencies, it is an excellent place to start. And even me as an experienced cryptocurrency adopter sometimes uses coinbase because of the simplicity of the platform.
The good thing about coinbase is that you don’t have to wait until someone can fill your order. You are buying and selling directly to coinbase and can do so on the fly even from your smartphone. The downside is that they determine what price you can sell at which is not always the best on the market. So if you are a beginner, you can start by signing up to coinbase here.
If you want to stay local and becoming global at the same time this platform might be what you want. It is a platform that facilitates transactions between two parties. Here you have the option of buying from someone in your local area. I have used this platform and can warmly recommend it as long as you use your head because as in all other market scammers are also here. But they can be avoided by using your head. So sign up today right here.
This is a more professional platform requires that you trade in higher volumes, but in return, you mostly get better prices both on selling and buying.
You can find a list of exchanges by clicking here.
No Technical analysis
In short, I don’t use it that much but listen to others that do. What I do is follow the price index a couple of times daily. And then use social media to see what is moving. So that I can buy the rumour and sell the news. I use a couple of different YouTube channels to get my news normally I watch them at an average of 2 hours a day. This might sound like a lot, but if you integrate it into your daily routine, it is nothing most of the time I can watch more than half of the videos during my workout. You will find the list of you tubers I like to use at the end of the article. And feel free to share the ones you follow in the comment section.
Another way of gaining information is through media such as Facebook. Where I have chosen to be part of groups that accept my contribution and where I can see people engaging in meaningful debate about other issues than price. Because what you want to know as a trader is not what the price is doing now that you can see on the price chart. You want to know what rumours and news is out there so you can act on them. I usually buy the rumour long before it breaks on any of the big media outlets (and let’s be clear in cryptocurrencies “long before” is everything above 24 hours). Then I sell once the official announcement is made and the price goes up. I will down below link to a couple of good groups for beginners.
Then I have a dedicated Twitter only to follow up with people who are twitting about cryptocurrencies I don’t have many I follow, but the ones I do gives some great signals. I will link to them at the end of the article.
Finding a good price
To see a good price for buying and selling bitcoins and other cryptocurrencies I have made a video showing you my method of getting an overview of the prices.
To keep track of your holdings, there have been made great apps, and one of them is blockfolio available on Android by clicking here. In this app, you can enter at what price you buy what coin and it will then keep track of you winning and losses. I warmly recommend it.
This section is linked to useful infuencers I use to keep up to date.