Step by step guide with screenshots on the basics of blockchain technology, bitcoin & altcoins, crypto security tips, cryptocurrency market analysis (FA & TA), long term & short term trading, how to calculate your profits in excel, legit ways to make money with cryptocurrencies, DeFi yield farming & staking, how to use any centralized & decentralized exchange platform & more, plus crypto investment bonus
Crypto trading & investment are some of the lucrative business ideas that can make you rich within a short period of time. It can also wreck you financially very quickly if not properly guided. That is why you need a grounded knowledge of cryptocurrencies in order to make money in this field.
I have been a cryptocurrency investor since 2016. My goal is to retire young & wealthy, escaping the daily grinds. I taught myself how to trade Bitcoin & other altcoins for profit, both on short term (including day trading) & long term basis. Although I learnt crypto trading the hard way, but that was what made me stronger & successful. It took me years of studies, trial & error to become a consistent online money maker. My main aim of writing this blog is to help young investors understand the real-life strategies of succeeding as a cryptocurrency trader within a short period of time. Cryptocurrency trading is not gambling or an online poker game. To be successful in crypto trading, you need the right tools & you need to be motivated, to work hard, & to persevere.
Don’t be alarmed by the fact that bitcoin is a combination of money and computer science. It is simple to begin, and you don’t need to be an expert. With some luck and prudent investing, you can still make money online in 2023. Even though many people use cryptocurrencies to complete transactions, they are more widely discussed as investments, giving rise to entire websites that track the value of a single Bitcoin.
Cloud Mining
To enable the mining of cryptocurrencies using rented cloud computing resources without downloading or directly utilizing any specific software or hardware, the notion of “cloud mining” was developed. Creating an account, paying a modest fee, and mining bitcoins remotely are all activities that people can engage in. Due to cloud mining businesses, mining is now more accessible and profitable for a wider range of users.
With more than 360,000 users worldwide, one of the first businesses to offer cloud mining services, was established in 2018. you can swiftly and fast mine for clouds.
One may argue that trading and investing are similar. However, their respective time horizons typically set them apart to some extent. While traders strive to make a quick profit, investors may only make a few changes to their portfolios each year. However, day trading, like stocks or other securities, can be another way to make money with cryptocurrencies. To generate a quick profit, day traders acquire and sell many assets on the same day. This is a risky strategy because it’s challenging to forecast how the value of bitcoin might change over the course of a day or over time. You can start day trading on any market these days; all you need to do is sign up, buy some assets, and do some research to get started. You might also start trading by utilizing an automated trading platform like bitcoin profit, which helps users to decipher the trends of bitcoin and other cryptocurrencies and succeed as a little trader.
Advice: If you plan to day trade, think about becoming an expert in stock analysis using technical and fundamental analysis; these techniques are frequently used to assess all traded assets.
My conclusion: Bitcoin is not the money of the future and certainly not a future 'world money'. If it survives, which it may, it will probably be as a high risk asset class. As such, it may strongly increase in value in the future, but it could just as easily go the other way and end up valueless. The buyer beware.
