At the moment there are many who are in business with cryptocurrency because businesses that will run with cryptocurrency are very easy and can benefit up to tens millions of Dollors. Only with a small amount of capital to buy bitcoin will you be able to trade or buy and sell digital currencies with cryptocurrency.
Businesses with cryptocurrency also do not need parties when, because you will be directly trading cryptocurrency with other users, namely by investing your money in digital currency.
In the beginning, for example, within 1 to 2 months, the possibility of losing money is very possible, but this is certainly a natural thing in the business world. Because before a business can be developed, it will certainly fail first. But you don’t need to worry, because of course there are ways that can be used to minimize the risk of losing some of your money in the cryptocurrency business, of course by implementing the right strategy.
Actually, if trading cryptocurrency is easy to do and without any risk, maybe everyone will become a trader, but this is certainly not possible. Because not many people know how to cryptocurrency business. But if you are trading cryptocurrency patiently and with a mature strategy, it is not impossible if you will be able to get a large profit from cryptocurrency.
Cryptocurrency is actually a digital currency, but of course, this is not just digital numbers used by people like money. Cryptocurrency is a technology in the form of a large book that is decentralized and can be accessed anywhere and anytime by the public, provided that it is connected to the internet network. The digital currency that was first printed by cryptocurrency is bitcoin. Where with the cryptographic technology called blockchain. Cryptocurrency produces digital money of various types namely, litecoin, drakcoin, and other coin-coins.
Because it uses a decentralized system, in cryptocurrency, there are no parties, institutions, companies or individuals who can control cryptocurrency. The design created by cryptocurrency makes all transactions run virtually, without any errors. Even cryptocurrency can not only be transferred in the form of digital money, but also to transfer company shares, assets, commodities, contracts, and escrow services.
The technology used has the potential to change the future of the world in financial terms because the market will become more democratic and able to eliminate dishonest people in the banking industry
The most important thing before cryptocurrency is knowing the terms that exist in cryptocurrency because if you don’t know the basic techniques of cryptocurrency it will make you confused. You also need to know how to do a busines, because in cryptocurrency there will be a trading and investment process.
At this time, those who become trousers are people who have long used cryptocurrency, because they already know how to trade cryptocurrency well. Miners, programmers, and people who understand about technology are also involved in the cryptocurrency trading process because cryptocurrency is a very profitable business at this time.
Before you trade cryptocurrency
Before you trade cryptocurrency, of course, you must have bitcoin first. There are many markets that provide or offer the services of buying and selling cryptocurrency in rupiah or in other countries’ currencies. But it is recommended, you first buy bitcoin rather than other types of cryptocurrency. Because with just a few bitcoin you will easily exchange it for other digital money. Besides bitcoin, you can also use altcoin.
As knowledge, do not buy bitcoin as a whole, because the price is expensive, ie 1 bitcoin is priced at $ 590. So you need to buy only part of it, for example, 500 thousand sahtosi then you will get 0.005 bitcoin. 500 thousand sathosi equivalents to $ 5. One of the services that provide a place to buy and sell bitcoin is bitcoin.co.id or can also go to another place that suits your place of residence.
After you have a bitcoin that will be your capital to tradable cryptocurrency then the next is to find a good market. For example, in bitcoin.co.id, you can use the services of other places according to your choice.
But you should not be wrong in finding a miner who will be your place to trade cryptocurrency. If you choose wrongly, you may experience fraud. So before finding a suitable place to become cryptocurrency trading then look at some sites that offer cryptocurrency services, then choose one that has long-term opportunities, meaning whether, in the long run, this site will go bankrupt or not.
Do not choose a site that is just standing, because the newly established site will have an irrelevant price increase, so the possibility of bankruptcy will occur. As a suggestion, choose a vendor, one of which is an investor in Google Ventures because it is clearly trusted.
After you choose one of the vendors that will be used as a trading place for the cryptocurrency, then you can immediately trade cryptocurrency by understanding the graphs of existing digital currencies.
Basics of cryptocurrency
The basics of cryptocurrency trading must certainly be taken into account. In researching a market, usually, a trader will refer to fundamental analysis, so that you will be able to understand information related to the market. Even more important is, you must understand the price fluctuations that exist in these vendors. Because if you focus on the graph it will be able to understand the rise and fall of prices easily.
Because price fluctuations are key to finding profits from cryptocurrency. Where you have to be able to take advantage of the ups and downs of prices to get profits. Because you have to buy coins when prices are down and sell again when prices are rising. Why so? Because people will not sell coins when prices are rising, so when prices are rising then this is your chance to sell back the coins you have bought, but of course, sell at a high price.
You can also buy coins when the price is falling because at any time, of course, the price of the coin will rise again. This will certainly be very beneficial for you. You can also do research by comparing the coin price of the buying and selling coin service site. You can buy coins from one site at a low price and go to another site that is expensive. This is called the advantage of price differences.