Trading generally implies a shorter-term approach to generating profit. Traders may jump in and out of positions all the time. But how do they know when to get in and out?
One of the most common ways to make sense of the cryptocurrency market is through an approach called technical analysis (TA). Technical analysts look at price history, charts, and other types of market data to find bets that have a good chance of returning a profit.
You must be dying to get started right away. And technically, you could. It’s that easy! But, like most things worth pursuing, trading is hard! It would take us a long time to talk about all that you need to keep in mind.
Investors look for long-term bets based on the fundamentals of an investment. For example, how much profit a company is making. While cryptocurrencies are a new and unique type of assets, they can also be viewed through a similar lens.
Many Bitcoin investors follow the “HODL” philosophy. This means that they believe so deeply in the success of Bitcoin that they don’t intend to sell for a long time. But don’t take their word for it! Read our extensive Bitcoin guide and decide for yourself.
After going through that, you may decide that you want to become a Bitcoin HODLer. Well, you could become one in a matter of minutes. Just go to the Buy Crypto page and follow the instructions.
The onboarding process is smooth and quick. You don’t have to jump in with large amounts, either. You could start with as little as 15 dollars! So, what is some mind candy that you should be looking into related to crypto investing?