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Bitcoin and Cryptocurrencies Explained

People's ways of working, communicating, shopping, and even paying for goods have all changed because of technological advancements. Businesses, and consumers no longer prefer cash, and this preference is giving rise to digital payments.

Consumers can pay for items at digital registers with a quick wave of their smartphone. A new virtual payment system is gaining traction: cryptocurrency. There are over 2,000 different types of cryptocurrencies, and more are developed daily.

Bitcoin is the most popular cryptocurrency. It accounts for more than 60 percent of the global cryptocurrency market. Not only is it popular, but it was also the first digital currency to be released in 2009.

Trading, and investing are two of the most common cryptocurrency applications. These may be unfamiliar terms to some, and some may interpret them the same way. Investing, and trading are both crucial components of the cryptocurrency world, but they differ significantly.

Read on to find out more about investing in, and trading Bitcoin.

Bitcoin Storm is a leading Bitcoin trading platform where you can invest in, and trade Bitcoin. Sign up with Bitcoin Storm to get started today!

What Do Bitcoin Investments Entail?

Investing is not a quick way to become prosperous. Long-term wealth is built through investment, and not short-term revenue. Whenever someone buys Bitcoin in the hope that its value rises over time, this is known as investing.

If a person decides to invest in Bitcoin, they do not intend to use or spend it soon. Investors aim to profit gradually by purchasing and retaining Bitcoin assets for an extended period. This is known as hodling in the crypto world.

Investment in Bitcoin is peculiar because serious investors tend not to pay much attention to marketing trends, or current events daily, the way traders would.

Serious investors are willing to ride out several price cycles with their cryptocurrency, which means that they may not choose to sell whether prices rise or fall. The reasoning behind this is that the value of most assets tends to increase with time.

Tokens are held by Bitcoin investors for two primary reasons.

The first is that early investors reap the greatest rewards from their investments. What this means is that those who purchase cryptocurrency ahead of the crowd pay cheaper prices and make more money when they eventually sell.

Another reason is that these investors hold firm to the belief that the value of Bitcoin, and other cryptocurrencies should rise even further as they become more widely accepted. Price changes have little effect on investments in the short term.

However, investors must still consider the associated risks. As with any investment, there is a chance that the initial investment may decrease in value, or even be lost entirely.

There has never been a better time to invest in Bitcoin. Let Bitcoin Storm help you get started investing in the world’s leading cryptocurrency today!

The Pros and Cons of Bitcoin Investments with Bitcoin Storm

Pros

  • The investment is easier to manage, as it does not involve constant monitoring of the cryptocurrency’s performance in the market.
  • Bitcoin investment has fewer tax obligations than other investments.
  • Bitcoin Storm offers investors an account manager to oversee their Bitcoin investments.

Cons

  • Bitcoin investments require a lot of patience, as it could take many years to truly reap the benefits of your investment.
  • Because the cryptocurrency market is so volatile, you could end up being disappointed with the money you make.
  • Investments of this nature require some degree of know-how.

The great thing about investing in Bitcoin with Bitcoin Storm is that you have access to the expertise that you need to make smarter decisions, and benefit from your Bitcoin investment.

Bitcoin Trading

Traders monitor events, the news, and market information all day long to watch for evidence that the price of Bitcoin may change. Because crypto trading markets can be quite volatile, traders face higher risks than cryptocurrency investors.

The goal of Bitcoin trading is to buy Bitcoin when it is cheap and sell it when the value increases. To put it simply, purchasing Bitcoin at a cheap price means paying a small amount of traditional currency for a large amount of Bitcoin.

When you sell bitcoin at a high price, you receive a large sum of traditional currency in exchange for a small amount of Bitcoin.

The Pros and Cons of Cryptocurrency Trading with Bitcoin Storm

Pros

  • You can trade cryptocurrencies 24 hours a day, seven days a week with Bitcoin Storm.
  • Trading cryptocurrencies with Bitcoin Storm requires only a small initial deposit.
  • Bitcoin Storm offers you two ways to trade cryptocurrencies.

Cons

  • While a volatile market could result in large profits, it also puts you at risk of making a loss.
  • Trading cryptocurrencies frequently result in more taxable events than investing in a cryptocurrency.
  • Crypto trading requires a lot of time, and research to help you predict the performance of cryptocurrencies.

Bitcoin Storm Offers Two Ways to Trade Bitcoin

With Bitcoin Storm, you can trade Bitcoin in one of two ways, either by trading directly using Bitcoin Storm’s innovative app or software, or through a crypto broker.

Trading Directly

Direct trading platforms allow for peer-to-peer exchanges. This means that transactions take place solely between the buyer, and seller, with no third party, such as a crypto broker, involved.

When you engage in direct trade, your purchase, and selling prices are tallied with other users' orders. The trade is completed if the two amounts match. This method of trading is a more cost-effective, but riskier way to trade cryptocurrencies.

Sound knowledge, and a great deal of research are involved in trading directly through crypto exchanges. If you do not have the time to dedicate to conducting research, and study, or are a beginner, it is advisable to choose to trade with a crypto broker.

Direct trading involves the use of a cryptocurrency exchange. The exchange displays real-time prices of cryptocurrencies, and shows their performance, enabling traders to engage in the buying, and selling of cryptocurrencies at their discretion.

Bitcoin Storm offers traders the opportunity to engage in cryptocurrency trading through its exchange that is accessible via a mobile, or desktop application.

Trading Via a Crypto Broker

In a general sense, a broker is a financial intermediary for those who wish to purchase a product, or service. A crypto broker acts as an intermediary between a cryptocurrency buyer, and seller.

If you choose this method of trade, you should keep in mind that crypto brokers do charge a fee for their services. Trading via a crypto broker is the best choice if you are a beginner because trading on an exchange can be daunting, and without the know-how, you could run a loss.

Crypto brokers are also ideal if you want to purchase a small amount of cryptocurrency, and buying, and selling takes place at prices set by the broker, which is often advantageous. In addition to facilitating trades, cryptocurrency brokers may offer their customers the service of holding cryptocurrencies.

When deciding on a cryptocurrency broker, make sure the broker's credentials demonstrate a high level of competence. Your broker should have cutting-edge security measures in place and operate following current national regulatory measures for financial service providers.

You should also ensure that you can access your crypto broker interface via desktop, and mobile app 24 hours a day, seven days a week.

When trading with Bitcoin Storm’s expert crypto brokers, you can rest assured that you are getting the best possible service.

How a Trading App Can Help You Trade Cryptocurrencies

When you compare the people of today with those of the last century, what is the most notable difference? The smartphone that many people of today have in their hands. Statistics show that nine out of ten people have a smartphone in their hand at any given time.

It would then be a shame if trading did not happen on a mobile application that affords the same convenience that other service providers do. When every other business seems to have an app to administer its services, why should crypto trading platforms be any different?

Bitcoin Storm’s mobile trading app gives you the convenience of trading on the go, so you can monitor market trends, and make smarter decisions without having to turn on your laptop, or desktop computer.

What Does the Future Hold for Bitcoin?

Bitcoin has faced several challenges during its existence, but it has still shown significant growth, and has attracted the attention of major corporations, and institutions all over the world. It is currently worth 1.6 trillion US dollars.

As things stand, Bitcoin is somewhere between a store of value, and a medium for daily transactions, and is expected to become a mainstream payment mechanism as countries declare it a valid form of payment for goods. Bitcoin has already been legalized as a form of payment in Japan, and other nations are sure to follow suit.

The commercialization of Bitcoin as a method of payment cannot happen unless its ecosystem undergoes technological advancements.

Bitcoin’s blockchain must be able to manage millions of transactions in a short period to be considered a viable investment asset, or method of payment. Numerous technological advancements, including Lightning Network, offer promising changes in this cryptocurrency’s operating capacity.

Frequently Asked Questions

How do I sign up for an account with Bitcoin Storm?

Signing up with Bitcoin Storm is a simple process. Follow these steps to begin trading and investing in Bitcoin in no time.

  • Sign up. On Bitcoin Storm's website, you can sign up by completing the registration form. Once you have entered your details, you can submit them.
  • Receive a call. A Bitcoin Storm consultant should call you back to offer you crypto brokerage services, and to guide you further.
  • Select a trading method. You can choose between direct trading via an exchange or employing the assistance of a broker.
  • Download the app or software. The next step involves downloading Bitcoin Storm’s app, or software.
  • Fund your wallet. Make an initial deposit using any of Bitcoin Storm’s supported payment methods before you can start to trade.
  • Begin trading or investing.

Is It Safe to Trade with Bitcoin Storm?

Bitcoin Storm is as secure as cryptocurrency trading gets. We have taken great care to ensure that our platform is safe for all traders, which is why we provide two different trading methods for you to choose from.

Your information is never shared with anyone else, and your identity is protected while you use our platform.

If you are not comfortable executing your trades through our brokers, or prefer to trade directly, you can still use all the features of Bitcoin Storm to form a good trading strategy.

Overall, the app's purpose is to assist you in seeing the big picture while trading, allowing you to make much better trading decisions.

Does Bitcoin Storm provide tools to help me trade?

Yes, Bitcoin Storm does offer helpful tips to encourage you to make good trading decisions, but the onus is on you to decide whether to take the software’s suggestions.

If you do not feel confident enough to make trade decisions on your own, you can enlist the help of one of Bitcoin Storm’s expert crypto brokers to help you on our crypto trading journey.

How can I learn more about crypto trading?

A good way to learn to trade cryptocurrencies is by taking an online course. Blockchain Council offers a Certified Cryptocurrency Trader program where you can learn everything you need to know about cryptocurrency trading.

There are also several other courses that you can take online to learn how to trade cryptocurrencies. You must also study the news and understand how the public’s view of Bitcoin impacts its market performance.

Do I have to trade with a crypto broker?

No, you are not required to employ the services of a broker to trade successfully with Bitcoin Storm. However, this option is available, and it is advisable to use brokerage services if you are not confident enough to trade on your own.

Is Bitcoin Storm suitable for advanced traders?

Yes, this trading app was designed so that it can cater to the needs of all kinds of traders, including beginners, and advanced traders. If you are a seasoned trader, you can certainly use our platform to conduct your trading activities.

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