If you have any access to the news, social media, or multimedia platforms, you probably know what Bitcoin is. If you don't know what it is, this is a great opportunity to learn about it since it's currently revolutionizing the way in which we make international transactions!
Fiat currencies have been the traditional payment method for several years, and nobody would have thought that a new, international currency would come to change things a bit. Back when Bitcoin was first introduced in 2009, not many people trusted it since it was slightly different from regular currency.
However, more people started to try out this asset for their purchases, and it turned out to be a highly reliable tool to make a transaction online without any issues. Since then, Bitcoins (and many other cryptocurrencies) have evolved to the point that they're now a common payment method for international purchases.
As of today, there are several methods that you can use to obtain Bitcoins, and most of them are fairly easy to follow. However, we're going to focus on Bitcoin trading, which has slowly increased in popularity recently, and it has proven to be an amazing way to get Bitcoins and learn how financials work in the world.
To be more specific with the concept, a Bitcoin is a digital asset that doesn't exist in any physical form; this means that the only way to obtain it is by transactions made on the internet. These assets are classified as decentralized, which means that no banking or government institutions can regulate how the funds are processed and where they go.
As you may have guessed by now, Bitcoins have made the international market much easier to handle. People don't have to go under underwhelming approval processes from their local government to get a transaction approved, which saves time and frustration. Additionally, Bitcoins are accessible to everyone in the world, so you don't have to worry about not being able to get them in your country.
There are four main ways that you can follow to obtain some Bitcoins (or any other cryptocurrency that you prefer); it mostly depends on your circumstance and your needs.
If you want the fastest way possible, you can go into an exchange website and trade your fiat currency for Bitcoins. These transactions usually take a few minutes to get processed, so you can expect your Bitcoins to land into your account the same day as you made the transaction.
People who continually sell things can also open up a Bitcoin wallet and use it to receive payments for their products. However, this method doesn't guarantee you to get Bitcoins since you don't know which customer is going to be able to pay with that asset.
Finally, you have mining and trading, which are highly popular but aren't that easy to follow. In Bitcoin mining, you have to process Bitcoin transactions happening around the world and place them in a Blockchain network to get a profit percentage. This process isn't hard to follow, but it requires the user to have a powerful computer to get it done since this activity consumes a high amount of electrical power.
Bitcoin trading works a bit differently; in this case, you have to go into a trading platform, make an investment, and find trading opportunities that allow you to purchase Bitcoins when their price is low enough and sell them when they reach a high price. This method takes the longest time to master, but it's also one of the most satisfactory ones to do.
One of the main concerns among people interested in getting Bitcoins is knowing where they're stored. Since Bitcoin is a decentralized asset, it's not stored in any bank. Instead, it's stored in a private, digital wallet that's unique for each user.
Those digital wallets (also called Bitcoin wallets) can be opened in many crypto platforms for free (although some of these platforms charge you a fee for using their services). Once you get one, all you have to do to receive Bitcoins is copy your transfer signing key and send it to the person or entity responsible for making the transaction.
Bitcoin wallets are extremely secure, so you don't have to worry about anyone getting in them. As long as you save your wallet private key properly, you're going to be the only person with access to your funds, so make sure that you use a safe place to store your key!
Now that you know the basics of Bitcoin, it's time to dig deeper into the process of trading. We've established that your main goal with trading is to buy Bitcoins when their price is low and then sell them when their price goes high. While it sounds simple enough for anyone to do, it entails a complex thought process.
Bitcoin is unpredictable, so there's no actual way to know what its value is going to be at a specific point in time. This means that you would have to spend several hours of your day monitoring the market to see what happens with Bitcoin's value. However, this isn't practical for anyone, meaning that most people have to find a workaround.
This workaround is research. While you can't accurately predict the price of a cryptocurrency, you can make a close guess, depending on how it has behaved over the past days, months, or years. To make a better guess, you have to investigate market tendencies and that specific asset's behavior to try and predict what it's going to do next.
The investigation process takes a big amount of time, but it's much less than the amount that you would usually spend looking at the monitor without having an idea of what is happening; knowing how an asset works can also help you to make a much better financial decision based on your needs.
Unfortunately, the time you can save from doing research still isn't enough for some people to fully commit to trading. These people usually have part-time jobs or extra activities during their day that prevent them from doing a proper investigation or monitoring the market.
Naturally, these people would give up on their dream of trading, but a solution has come along over the past few years, and it's opening a big door of opportunities for everyone to start trading more efficiently.
To put it shortly, a trading app's job is to help you with your monitoring process. We understand that having to do constant research on an asset and monitor the market on top of that can be overwhelming. Thankfully, trading apps have proven to be a handy tool for every trader who is looking to start without getting overwhelmed by that much information.
As passionate traders ourselves, we wanted to give people our vision of a trading app, and that's why we decided to create Bitcoin Billionaire. At first glance, it may seem like another trading app from the bunch, but we've tweaked it, so it offers unique features that we know users are going to enjoy.
One of the hardest parts of creating an app is to adapt to every trader's needs. Nobody trades in the same way, so it would be useless to create something that only catered to a specific type of trader. To get around this issue, we created our own Artificial Intelligence (AI) robot, and its job is to learn as much as it can about your trading habits.
Thanks to the robot's work, you're going to have an easier time identifying good trades in the market, which leaves you more time to investigate more about Bitcoin and be more prepared for your next session. Additionally, you can change your trading settings as much as you want without affecting the app's performance since the robot is continually learning from you.
Making a good trading app isn't just getting it to work. To get it one step further, we made sure that this app included as many useful features as possible. If you want an overview of everything you can enjoy with Bitcoin Billionaire, keep reading below!
If you're interested in what this app has to offer, feel free to become a member of our trading community! We want this to be easy for you, so we're providing you a list of three steps that you have to follow to create your account. Thankfully, the entire process only takes a few minutes.
Fill out our registration box below with your contact information. Keep in mind that this information is going to be used to create your account, so make sure that your data is accurate.
Once your account is approved and ready to go, you can start exploring all the features of Bitcoin Billionaire right away. Keep in mind that you have to fund your account before starting to trade; since you're starting, we suggest that you go with our recommended minimum.
Review your trading criteria and make sure that everything is how you want it. After you do this, you can click on the "Trade" button to get your first trading session started.
Getting started on Bitcoin trading usually entails having many questions wanting to be answered. While it's complicated to answer every single thing on a single page, we're going to do our best to provide an answer to your most frequently asked questions.
For more information about Bitcoin and trading with Bitcoin Billionaire, keep reading below!
Not at all, traders at all skill levels can start using Bitcoin Billionaire without any complications. If you're already an expert trader, you may have slightly less difficulty getting everything set up, but this skill level is not required to get started.
The more you keep using the app, the faster you're going to get at using it. Consistency is key!
Yes! We adapted this platform for every device currently on the market. You can use Bitcoin Billionaire on a laptop, computer, smartphone, or tablet. All you need is a stable internet connection and a browser.
This may be hard to tell sometimes since many factors can influence the way in which Bitcoin behaves, which can alter your thought process. However, if you do your research and use Bitcoin Billionaire, you're going to have an easier time creating the right strategy for your goals.
The Bitcoin trading community is getting bigger as we speak, but there's still room for more traders! If you're passionate about this type of activity but haven't had the courage to start, create your new Bitcoin Billionaire account today and begin your journey!