| Buy Crypto Currency online ( and trade the market today). The new game in town is a place for everyone, you just need to be careful but how? |
Has the Crypto market over heated and gone past us
The whole market is relatively new and most people just don't understand blockchain or coins creating fear and doubt.
If you are wanting to buy into the market you are evidently past this point and moved on to curiosity and excitement.
With massive investments by people like PayPal, Google,Tesla, Citibank, JP Morgan it is evident that the market has gained credibility.
Having a value in excess of US$2 trillion it is no small player although dominated by Bitcoin at about half that amount.
Most of the value is post 2017 so a relatively short time in any financial cycle.
The market is young and the future looms very large.
Is it safe to trade in online currencies
Many are finding this market is an ideal hedge against inflation however, Yes it is a roller coaster ride with an upward trend over time.
This excludes the bottom tier entries that are there for padding.
Saying all that the market has been in a bull run for some time although forward projections see this strong trend going through to 2022.
I know very little and this is not financial advise it is purely a discussion on a subject of interest.
You really need to have some skills in this to not get burnt.
One way to achieve this is by mirroring a player that has a history in the market.
Some brokers encourage this because you get to track your portfolio and see exactly what is happening along the way.
This is a form of protection and learning at the same time however results are never guaranteed.
Local area trading is available
What advise is available for new market players
First of all my advise is to learn as much as you can before investing any money.
Your broker or (my recommendation) will have a training program that you can play off market to see how you go.
You will quickly learn a few tricks and that life is not all roses.
Next is to follow a good investor for a time to see what could be if you have the talent and understanding.
Finally to employ a stop loss in all your positions to save failure in the case of a major shift in the market. It does happen and can bite very hard when it does.
Furthermore it may be wise to invest only in Bitcoin and Ethereum who are the market leaders and will continue to be at the top for the long term. Time should take the wrinkles out of the market and provide a good return over a longish journey.
Buy Crypto currency on line( and trade the market today)
eToro was my broker of choice
I looked for someone that had a long trading history and an easy to follow page. They had to have the tools that I needed and the ability to control my world.
You will need to upload security documents like a passport or drivers licence and complete a facial image recognition by taking an image or a snap of your self.
Then it will be banking details, drop some money and you are away and running.
You get to view the activity of all the selected stocks and drill down into all sorts of data analysis and graphs to gather really good information.
The activity is live and changing as you view the page and the above shot was a day after the April correction, the whole thing crashed for a short time. The low yesterday was $54431 a big dive from $66,000 just a few days ago.
You can see that the trend is upward at the moment however there may be another correction to come. I promised excitement .
Buy crypto currency online just like the big boys.
What do the big investors think?
One recent venture was by Elon Musk of Tesla fame. Elon had some spare capital earning little or no interest so he bought bitcoin at about $36,000 that sent the market up and then into a loss position.
Even at todays figure of $57,000 that is a great return on a US$1.5 billion investment.
Interestingly he is happy to take Bitcoin for the sale of a new Tesla, so come on the market I need one.
The next is Greyscale Investment a New York base investment fund and an early entrant to Bitcoin.
Grayscale has by far the largest Bitcoin portfolio of any institutional investment platform, with over $30 billion in BTC currently under management in the Grayscale Bitcoin Trust, which trades under “GBTC”.
Decrypt
I could do many more but suffice to say there is some big investors that are going for the long ride. See more at Crypto markets
Can you monitor what is going on with the Crypto market
You sure can. There is so much data available that a rank amateur can keep up to date and have a chance of success using the data available.
This is a simple chart of Etherium over the past few months of a Bull market with a ending correction.
Of course there will be good days and bad days and a few classic corrections along the way .
This is not a market for the faint hearted because it is an Investor driven result.
Furthermore it has a young following that are volatile in their activity seeking quick profits.
Are all Crypto currencies safe?
There is the amazing story of Dodgecoin. This was set up as a joke by a couple of smart programmers and left to languish and find its own way.
Today Dodgecoin is worth $0.34 following a year that went from as low as $0.03 to a high of $0.56 on reasonable trading. It is a Joke coin with nothing behind it however that is the market.
Many hold it as a fun token reminding themselves the real value of the currencies.
Conclusion on trading
First of all and as required to say, nothing in this represents trading or investing advise.
However it is a fun place to be where you can hang out with a few dollars and try your skills.
Never risk the family Jewels on any trading at anytime because the downsides can be pretty big.
Finally it is also a very emotional journey just like being at the casino so remember to take your profits and limit your losses along the way
Make a start at eToro however practice before you play
Buy crypto currency online ( and trade the market today) by Peter Hanley
