Cryptocurrency trading – How to trade bitcoin and Altcoins

Hey everyone welcome to this video if
you’re watching this video you’re probably in the crypto currency market
or you’re looking to get into the crypto currency market and you’re just you’re
looking for some information I just want to make this quick little video to kind
of maybe introduce anybody who is looking to get it started or maybe if
you already have been started and you have some coins and maybe you’re
thinking of well what can I do like how can I actually make money in the
cryptocurrency market well the cryptocurrency market you know is is on
the rise it’s definitely here to stay as you can see in this slide here there’s
there’s multiple different coins and the market cap has reached an almost half a
billion dollars and it’s projected to get to like a trillion dollars and if
you want a piece of that pie I’m gonna talk about three strategies that you can
use to to get some cryptocurrency so how can you participate in cryptocurrencies
well the first way is mining basically what mining is you set up a computer
with you know a powerful of you know graphics cards and you basically set it
up onto the blockchain and you you set up the program to have it mined for you
and it starts mining the cryptocurrency for you now the thing about mining is
that it’s very capital intensive and very overhead intensive meaning that you
know you have to really spend a lot of money and put a lot of upfront capital
to get started you know it’s it’s hard to be profitable with mine just because
there’s so much competition and you have to build you know very powerful rigs and
you need to have a warehouse so they store everything and make sure that the
temperature is very cool and you know you don’t want your computer to overheat
and this that you know it’s a lot of headache in my opinion
I never liked mining I did try it and you know just for fun but I wouldn’t
recommend it as a strategy to you know for an everyday person like myself that
just wants to you know get some cryptocurrencies that wants to grow some
cryptocurrencies you know over time the second strategy is a buy-and-hold
strategy now basically what this means is you pick a coin like let’s say
Bitcoin aetherium and you just you know transfer your fiat currency and you you
purchase that coin and you buy and you hold it so you hold it for the long term
basically you’re you’re banking on the cryptocurrency to go up over time
and that you know let’s say in five ten years
it’s appreciated you know 100% and you’ve basically made a return on your
investment now the only thing about buying and
holding is that obviously it’s a very long-term game and you know it doesn’t
allow you to grow your Bitcoin or grow your cryptocurrency meaning that the
amount that you buy is the amount that you’re gonna have forever now the value
of that is gonna change up or down so if Bitcoin goes up the value of that
purchase goes up but if Bitcoin goes down the value of that also goes down so
as you already know the cryptocurrency market is a very volatile market so you
know depending on when you buy your coins that coin can go down and then
you’re basically losing the value in that coin but you’re never growing it so
you’re always gonna have the same amount of coin so unless it goes back up in
value you’re not gonna make a profit the third strategy and the strategy that’s
always intrigued me is trading what trading allows you to do is you’re
basically trading like stocks you’re basically buying and selling and you’re
buying low and selling high and that’s what you’re trying to do and by doing
that you actually are growing your cryptocurrency holdings and you’re
actually over time are gonna have more cryptocurrencies so even if the
cryptocurrency goes up or down it doesn’t really matter because if you’re
trading on a positive you know scale you’re constantly building more Bitcoin
so over time you’re gonna have more Bitcoin or more aetherium or more coins
meaning that you’re gonna have more value in that coin the only thing with
trading is that you know trading is a very time intensive thing and you know
it’s very specialized and even the expert traders out there you know it’s
it’s hard to make trades consistently for a profit and you really have to sit
by your computer you know day and night I mean the cryptocurrency market is not
a five day a week it trades seven days a week and it trades 24 hours a day and
sometimes the best time to sell for a profit is maybe three o’clock in the
morning when you’re asleep so unless your by your computer 24 hours a
day I mean trading is something that you know is not for everybody it’s so the
easy thing to do when training is is buying is we know knowing when to buy
you buy the coin and you’re gonna wait for it to go up the hard part about
training is knowing when to sell that’s the tricky part and that’s what
separates the expert traders versus just the average Joe I don’t know like I’m
not a trader I’m not a financial adviser I don’t really know what to sell
I just try to sell when it’s up but the problem is sometimes the best time to
sell is when you’re not around your computer or you’re not you know maybe
you’re sleeping or you’re you’re you’re not around unless you’re doing this 24
hours a day that’s the hard part but with the trading software that I’ve
found and then what I’m using it uses artificial intelligence to actually buy
and sell crypto currencies for you so what the beauty of the cwe trading bots
is that once you set it up you actually tell it what coins you want to buy you
set your stop losses and it does it for you and it analyzes the market using
artificial intelligence finding the social signals out there and it analyzes
all that and then when to sell it for a profit and that’s what I’ve been doing
and honestly it’s been working awesome for me if you want to learn more
about that it as a link in this description and you know the best part
about this trading bot is that you have 100% control of your cryptocurrencies at all
time because it connects to your crypto currency exchange like by Bianance or bittre, it connects to it through an API so it never has access to your coin it
can never withdraw your coins but it just initiate trades on behalf of you
and so you know if you if you want to learn more about how this works you know
click the link in this description there’s some awesome educational videos
that really kind of talk about it and goes through the whole process and so
this is something that you think you would like to learn more about I’d love
to stay connected with you so if you sign up to my newsletter will
periodically send you some awesome information for educational purposes and
to show you what I’ve been doing and how it’s working for me so I encourage you
to check that out

2 thoughts on “Cryptocurrency trading – How to trade bitcoin and Altcoins”

Leave a Reply

Your email address will not be published. Required fields are marked *