Bitcoin is undoubtedly one of the most important and the most popular Cryptocurrency right now in the world. The digital currency has seen a rise in popularity as more and more people are investing in technology, and they are making quite good money. You do not need to be an expert to start trading in Bitcoins, although having a thorough knowledge about the system and market will help you make better transactions and not to lose any money! And Sites like https://trustedbrokerz.com/ have lots of helpful tips for first time traders. Before getting into the Bitcoin exchange market, here is a little history about the origin of Bitcoin.
Origin Of Bitcoin
It was the year 2008 when Bitcoin and blockchain technology was released on the internet. These were released as open-source software, or in other words, freeware can be used by anyone. The developer of Bitcoins is considered to be Satoshi Nakamoto, but no one knows to this day, who he was or who the people in the group were. While he intended to create a digital currency and a technology that can keep running the system, and he was successful; he developed blockchain technology, but he never set out to create Bitcoins. It was more of a by-product. But that was how the most popular Cryptocurrency was created.
Do You Intend To Trade Or Invest In Bitcoin?
People think trading and investing in Bitcoins mean the same thing and hence use the term interchangeably, but they are not the same. As a beginner, you should focus on learning how the market works before you start investing your hard-earned money. Investors buy Bitcoins hoping to sell it at a high price in the future. For them, the future means a long time later, that is they hold onto the Bitcoins for a long time. What do Bitcoins traders do? They sell and buy Bitcoins hoping to make a quick profit. Their sole intention is to make quick cash instead of holding onto the Bitcoins and waiting for a long time to see if its price falls or rises.
Can You Trade In Other Cryptocurrencies Apart From Bitcoin?
Yes, you can trade in other Cryptocurrencies other than Bitcoin. But it is better if you start with Bitcoins and then proceed to trade other Cryptocurrencies later. If you want to trade in something else apart from bitcoin or any Cryptocurrency, you can partake in forex trading. Trusted brokerz also includes tips for forex trading. The site also lists several trading platforms that are trusted and can be accessed in Norway. The top 5 listed trading platforms offer secure transactions and are the best in the market. You can also read the user reviews before you create an account and start spending your money.
Please remember that Bitcoins exchange market is always open, which means transactions take place throughout the day. So you need to keep yourself updated on what is happening in the Bitcoin exchange market, all the time.