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The best way to invest in bitcoin and ride the wave of excitement. This is not for the faint-hearted but for you it is profitable fun
Bitcoin or Altcoin what is the difference?
There is only one Bitcoin and that is the premium market product that is supported by institutions and countries to deliver a long-term positive result.
Bitcoin is both a store of value and a trading currency and dominates the market with a 55% share of all coins combined.
Alternate coins all have roles to play and they are both good and bad so knowing the difference is important.
Altcoins may be used for transactions on the Blockchain with checking and recording as the transactions are made.
Bitcoin is a trading currency subject to market fluctuations
Whales, minnows, and everything in between. These are the people that are buying and selling coins. Therefore market manipulation is always probable.
When times are good the buyers are there but any small hindrance and they take their money and run.
I bought a Bitcoin share at about $28K and was delirious at $62K but left wondering at today's $38K. Therefore It should be a decision to get out or run the ride.
Heavy traders are loading at low prices
Certainly, the time to buy is low in the cycle but picking that time is anyone's guess however history gives us a clue. With Bitcoin, the highs are getting higher and the lows are not so depressing so you can make your own decision.
Elon Musk, Michael Saylor, and many others are buying now as the price is at a low level.
You can never pick the bottom or the top but you do know a high and low market. That is the time to take action
The best way to invest in bitcoin is during a panic
World events have an impact on price
World events affect mentality and bring on optimism or pessimism in trading mentality.
As I write Russia is placing troops along the border of Siria with the potential to invade. A feat that would have worldwide repercussions on all stock markets.
These Black Swan events, as the market calls them, could include interest rate rises, inflation, or a change of Government.
However the reverse is true, so if Putin puts the gun back in the holster it is a quick ride upward.
Investing caries risk
Of course, you will understand that investing can be risky and that it should be left to experts.
That is why eToro lets you copy share with experienced investors with a track record.
You buy and sell as they trade with a thorough understanding of the market. Nothing is guaranteed however traders with many years of experience have more chance than mug punters.
Over half the crypto market will disapear
That is a pessimistic approach as I have heard figures as high as 90%.
Many coins simply have no real value and no market potential however investors have taken a gamble on them.
Dodgecoin is a good example, it is a toy to trade without any real value and one day it will simply ignite.
Therefore investors should always look at the top 100 coins as being somewhat secure.
However that even has its problems. Etherium, Solana, and Cardano all compete for a similar market so one will win the race. They are all valued coins and have a high net worth.
The market is in trillions of dollars so there is space for them all however the gorilla usually wins and that is Etherium.
Stick to what you know with your own money
You have seen that investing carries some risk so borrowing money and investing is a gamble that could destroy you.
The same could be said about futures trading and others involved in high-risk/ return ventures.
Unless you are experienced staying away from is the advice from the pros.
The best way to invest in bitcoin and my wrap.
Conclusion
Copy-trading takes a lot of the risk out of investing in the crypto market. It lets you see the plays and provides time to learn about the investment market.
That is why the product at eToro is a viable option.
Take your time and study the game because it can hurt you if you play badly.
However, don't get me wrong because I love the excitement and the opportunities to make some money and maybe pick the odd runner that will return big returns.
Having bought Solana at $30 I was very happy to take some money off the table at $211 before they fell to just over the hundred.
It is important to keep some cash ready to pounce on a new opportunity when you see clear skies.
