Why I Started Trading Crypto Currencies And Why You Should Too!
I was always attracted to trading. When I was in my early twenties I started trading the financial markets. At first it was mutual funds, and stocks, but it wasn't enough for me. I wanted to be able to make a lot of money relatively quickly, and was willing to take the risks, so I started trading options. Later I discovered the world of Forex (foreign exchange) and binary options, but left when I realized how shady it was.. (more on that soon)
Recently, with the latest Bitcoin surge I came across a world that I knew existed but never really investigated or took seriously - Crypto currencies. And boy am I happy I did.
In this post I will show you why Crypto currency trading is the best kind of trading you can be involved in by comparing it to other markets. So Let's Go!
Crypto Coins VS Stocks
Stocks are similar to Crypto coins in the sense that they are both a financial asset that has value as they are a part of something. A stock is a share of a company and a Crypto coin is part of an idea / community / company etc. You can hold them for many years, and if the stock / crypto are solid the value will increase over time and you will make money. The clear advantage of Crypto currencies is that they are also traded in pairs so you can trade Bitcoin against Steem for example. In the stocks world it would be like trading Google against Apple..
As a result of this kind of trading the profit potential in crypto currencies is a lot bigger.
Crypto Currencies VS Options
Whether you are trading stock, indexes, and even binary options there are a few problems with the way they are traded. True, if you know what you are doing you can multiply your profits by more than 10 times compared to trading the actual asset. But, options are like a time bomb, the clock is ticking... Every option has an expiry date and time so the closer you get to that expiry time the more value the option loses. So, if you are really professional you can do it in a way that your risk will not be so great but many traders end up being "out of the money" and are left with noting. What I LOVE about Crypto currencies is that there is no pressure to sell. There is no expiry date. I can buy a coin and if for some reason the trade is going against me I'll just hold it until i'm in profit! The only risk is if the coin dies out completely..
Crypto VS Forex
Forex used to be my favorite market. Currency pairs makes it more interesting, and it's the biggest financial market in the world with a daily trading volume of over 5 Trillion USD (yea.. that's >$5,000,000,000,000), so there is no liquidity problem. However, unless you are a serious trader trading millions every day, you will have to use a forex broker to trade. Most brokers in the industry (even if they won't admit it) are market makers which basically means they trade against you. If you win they lose and if you lose they win... To top that the gains in forex are relatively small as most currency pairs don't move more than 1%-2% a day. In order to make it more attractive, most brokers let you trade on a 1:100 leverage. So if the pair went up 1% you can make 100%, but it goes down 1%... you lose it all. When I traded Forex I was always on pins and needles.. every trade could have been my last (even though I loved the adrenaline..:-) .
Now that I trade Crypto currencies which is just like forex BUT I can make amazing profits WITHOUT leverage so there is no real pressure here, just fun!!
Check out a recent example: On June 8th I bought Ethereum when it was at 0.09401001BTC. 
In just a few days it went up by over 50% (I'm still holding it)
To get to these results in forex you would have to trade with leverage and put your money at risk.
Crypto Coins Are Easy To Pass Around!
One of the best things in crypto currencies is how easy it is to transfer money. When you trade in conventional financial markets it is usually a hassle to deposit and withdraw your money. In crypto trading it's easy! You can literally go in to your trading account, have a great trade, click a button and send your bitcoin profits to a wallet like CEX.IO which will convert it to regular money and put it in your credit card on the spot!
So to sum it up, Crypto trading is probably the most exciting financial market you can trade right now. I hope I wet your appetite in this post to start trading Cryptos.
I would love to share my strategies and tips with the Steem community, so if you enjoyed this post and want to learn how to trade cryptos profitably, then follow me, spread the word, and share the love!
Till next time,
Crypto Trader
Dude this is awesome. Welcome to the world of crypto! I like that you can just jump in and trade, and your profits are immediate and they belong to you alone. No need for expensive brokers or hoops to jump through!
Yea.. coming from Stocks / Forex it is so refreshing to just trade, earn, an collect, without dealing with annoying sales reps and policies
What you said is correct, I am totally agreeing with it. It is better to move on Crypto currency trading rather than forex marketing or something else, here we can avoid unnecessary interference of trade brokers or any other intermediaries.
That's right, I'll move on to Crypto currencies to make profits easily and quickly. Now I am doing forex trading, it's not so easy way of making profit in fact.
Hi !
i really like your post. From your post i can understand why Why I going to Started Trading Crypto Currencies And Why I Should Too. I really agreed your thoughts for forex trading. Thanks for your help.
yeah that was a very informative topic now i know somethings about trading and crypto trading i might learn a bit more about it and start investing in it.
Yeah it is. It's a new to us anyway, by reading this, it seems very easy to earn bulk of profit.
Hey, your post is really helpful for a lot of people. It's a very good initiative. I am not much aware about the trading but your post helped me and I might start investing in it. Keep up the good work.
Thanks.
Hey My name naman .good post but can you tell me dollar and euro stocks . your post is very helpful and i read very carefully your stock post. Thank You Sir. Have a good day .
Thus great knowledge for sharing with us, you have really educated and enlightened us about the need to invest in crypto. Welcome to the world of cryptocurrencies.
You are correct. Crypto is far more profitable especially for people with low cash. However it is also very volatile like stocks see this post https://steemit.com/steem/@charles1/the-fears-in-crypto-currencies-etherium-plunge
therefore be careful. Steemit is a great place to be..powering up. Thanks for your post and stay in touch
An amazing and a vivid post on Crypto,loved the content and the way you presented it.Would surely love to follow and learn a lot of things from you.Keep Writing.
Many people do not understand criptocurrency trading. But one thing is sure and everyone knows. You say: The only risk is if the coin dies out completely.. That's never going to happen and that's could be the primary reason why to start trading criptocurrency. The second best thing is how easy it is to transfer the money
hi i wish to learn more about criptocurrency . where i can ? thank you @creptocreep
the first time i knew about crypto currency, it made me curious. and up to now, I am learning about it and someday I would be an expert thanks to people like you who shared their knowledge.
Hello, I realy like your post, you have been followed and you can do the same here @valhalla-hash
Thanks!
And no doubt one of the best explanations I have ever read about this subject.
I have just come to this world and read a post like this can only give me motivation. Thank you for this .
regards, Alessandro
Although bitcoin is currently the most popular shopping service, it is becoming increasingly popular in the purchase of physical products. There are already some shops that have accepted it. However, they mostly require payment over the Internet. Crypto is a great way of trading. The article is very interesting and excellent.
this is agreat article,I really love it. this is the first time i knew about crypto currency, it made me curious.That new way of earning money is very interesting. I hope that those persons without experience like me will be able to access .thanks alot for your benefit wards.
That new way of earning money is very interesting? It shows that things are really improving . I hope that those persons without experience like me will be able to access without many difficulties.