Cryptocurrency is a technology to make digital currencies that use cryptography for security made it can not be faked. Value of cryptocurrency is largely determined by the strength of buy and sell from the users of this technology. Cryptocurrency or technology digital currency is currently very popular recently developed by various companies and team engineer in various parts of the world. Even Google Ventures also invested in one technology Cryptocurrency. Response was more than 500 cryptocurrency created based on coinmarketcap.com. Some cryptocurrency have a variety of different concepts and some have a concept that mimics the other coin.
Because the value of the basic cryptocurrency based purely on the strength of buy and sell is not guaranteed by any rare cryptocurrency not then have the value down more than 20% in a day that can actually be used to trade for profit!
How Does Trading Cryptocurrency?
Here's how simple there are basically 2 ways:
- Buy on the cheap and sell high when
- Buy on looks for opportunities to ride and sell when the price is higher than the purchase price
What is a Altcoin?
Altcoin is a term for cyptocurrency other than the Bitcoin i.e. acronym of Alternate Coin.
How do I earn money from Altcoin?
Altcoin has an up and down prices of Bitcoin. Here are the steps to benefit from Altcoin
1. First you have to exchange your currency with Bitcoin. I highly recommend for a firstsurvey on the Internet. Because the service is very reliable and secure we need. After that you should forget about the amount of currency to be exchanged. You have toberpaku on the amount of Bitcoin you have (e.g. capital 5 BTC). Your mission in trading Altcoin is Multiply Your Bitcoin! (remember not to reproduce Your Altcoin)
2. Please trade with Bitcoin ALTCOIN (barter). Every time you trade within Altcoin and then get the profit of your Bitcoin will increase. Every end of the month Please reduce number of Bitcoin you get with your initial capital. It is the income you earn. Unless you want to add to your initial capital
3. After getting the difference Bitcoin obtained then sell Bitcoin it in market and you will earn money for shopping Dollars your family!
Some Things To Watch Out For
In Altcoin trading, there are a few things to note:
- Altcoin similar to as stocks, we have to understand that the altcoin has a profile of the company/group of developers. Learn who's behind him and his credibility.
- Each group founder developer must have the Altcoin in large numbers and when the founder sold altcoinnya likely the price will drop for a moment because of the large supply will flood the market. Usually this will be a huge increase in opportunities followed thereafter.
- Learn how the altcoin system was made and long-term prospects. follow the suggestion of Warren Buffet in this "Invest in one place that you feel make sense" If the system makes sense and has a chance of long term certainly likely value would go up even if not at the moment. So you don't need to do cut loss (selling below purchase price). I suggested one of them trying to see the Ripple system to look at one of thealtcoin who have long-term opportunities and concepts to the fore were great – a altcoin which is powered by Google Ventures.
- The new Altcoin is just starting out and greeted the market usually likely experienced a rise in the value of the very unreasonable (such as the darkcoin of a few dollars into his darkcoin per 1 30rupiah less than 1 month)
- Forget altcoin which is not greeted the market back. Remember the key of all the value of the altcoin is the power of the market. And remember as altcoin trader if you are not a believer Altcoin! If you are no longer exist in future Altcoin it then it is likely that altcoin will return to its initial value (i.e. close to 0). Cut loss now than sorry behind today. Move on and find more quality altcoin.
SHIT HAPPENS SOMETIMES.
- The price movement of global markets are affected by Altcoin therefore be vigilantas well as with the international price movements can be monitored through external price on the system we use.
Goodluck :)