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| Press Release

Bitcoin Trader Review 2020 - Helps Take Advantage of the Market

LONDON, UK / ACCESSWIRE / June 11, 2020 / Getting started as a Bitcoin Trader is similar to traditional stocks and forex trading but it comes with significantly greater profit making opportunities as well as far bigger risks.

Bitcoin Trading is the act of speculating on price movements through a brokerage account, or trading the largest coin via crypto exchanges. Bitcoin trading gained investors traction amid the volatility factor. The fast intraday day price swings have also been creating numerous profit making opportunities for value investors to go long or short.

What are the advantages of being a Bitcoin Trader?

  • Volatility: The premier cryptocurrency was first created in 2009 but the first real surge befell in 2010 when its price grew from $0.0008 to $0.08. The mother of all cryptocurrencies has seen massive price swings since then. While bitcoin price had continued its rise and fall between 2010 and 2016, the largest crypto coin gained investors' attention following the meteoric price changes that started occurring in the fall of 2017.
  • Around the clock trading: Unlike stocks and bond markets, bitcoin trades around the clock and seven days a week due to lack of a centralized governance system as digital currency markets are largely unregulated.
  • Higher liquidity: Liquidity factor is key when it comes to investing because it indicates how swiftly a bitcoin can be changed into cash. The entire cryptocurrency market is liquid as trading transactions are dispersed across numerous exchanges.
  • Go long or short: Bitcoin trading platforms permit investors to take advantage of the potential upsurge in price by going long as well as going short if the markets are falling.
  • Low fee structure: The rising competition among brokers and exchanges along with bitcoin's ability to be traded in a peer-to-peer manner lowers the overall cost structure for bitcoin traders.
  • The scarcity factor: About 18m bitcoins have been mined yet with the total mining capacity of 21m coins.

How do I become a bitcoin trader?

The process of bitcoin trading is fairly simple.

Bitcoin traders are categorized into two groups: long term and short term traders. The long-term traders hold their investments with expectations that price will move to a certain level over time.

The short term traders, on the other hand, predict the intraday behavior of bitcoin price with the intention of generating profits from price swings.

How much can a bitcoin trader make?

The price movements always offer profit-making opportunities for investors, either in a speculative short term pattern or as a long term investment.

Bitcoin price surged 40% in May and it is up 100% from March low. This means that traders who have placed long bets when bitcoin bottomed around the $5000 level in March would have generated massive profits from their investment.

Bitcoin price volatility is unlikely to calm, with bulls like John McAfee predicts bitcoin price to hit the $1m mark.

The bandwagon of experts is now expecting bitcoin to once again visit its previous all-time high of $20,000 level in 2020. The Bloomberg analyst predicts that the price movement patterns over the past 2.5-years are similar to the trends over the 2.5-years following the record cryptocurrency's rise in 2013.

"After 2014's 60% decline, by the end of 2016, the crypto matched the 2013 peak. Fast forward four years and the second year after the almost 75% decline in 2018. Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016's trend," noted Bloomberg Crypto in a monthly report.

Several automated bitcoin trading platforms, including Bitcoin Trader. claim that their users earn almost $1300 on a weekly basis. The software of these trading robots is backed by Artificial Intelligence technology and has been designed with a powerful algorithm that examines crypto markets to find profit-making opportunities.

Things the bitcoin trader need to Know

Along with prospects of profit-making opportunities, bitcoin trading is considered as the riskiest investment because of volatility and speculative nature of price movements. Its price has the potential to gain or lose significant value in a few hours or days. Bitcoin price movements are generally unpredictable and this aspect can make bitcoin traders think twice about how much return they can achieve..

In order to avoid a huge loss, traders should keep a keen eye on the bitcoin price movement and future fundamentals. Smaller investments are always helpful in lowering the risk factor.

The traders are suggested to develop a trading plan and risk management strategy before trading bitcoin, with experts still wondering how to value bitcoin.

The Securities Exchange & Commission outlined in its letter in 2018 that ‘Valuation' is the biggest risk that investors need to consider. The SEC has stated that the art of imperfectly predicting the real value of the investment could lead to losses.

Get Started Now:

Open a Bitcoin Trader account to get started now

Media Contact:

Company: BlockChain Deals
Contact Person: Adam Green
Website: BlockchainDeals.com
Email: hello@blockchaindeals.com
Address: 3, Farm Lane, SW16EE

SOURCE: BlockChain Deals



View source version on accesswire.com:
https://www.accesswire.com/593568/Bitcoin-Trader-Review-2020--Helps-Take-Advantage-of-the-Market

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