Crypto Currency for newbies
As many of you know crypto currencies are leading the investment market at the moment. It is a good way to turn in the long run. With the price of Bitcoin at the moment which is around 13k, investing in it seems a bit risky so you should definitely research some other coin.
Where should you start investing?
Well it all depends on how much you are willing to earn. I you are unsure of whether you will win anything I suggest starting with IQ options. The minimal deposit us 10$ and the return rating is very high, that is if the price goes up. I actually use this trading platform from time to time. This is where I started.
If you want to make it big, there are other platforms. The most famous one is probably Etoro .The minimal deposit here was 100$ last time I checked, although you can copy other traders who have made a profit. I have not used this website but I have heard and read a lot of positive things. I think the return rate was almost the same as IQ options.
There is also the old way of trading without any platform. You can buy whatever you want and wait for the price to go up. Then you sell it. It is harder to do though. There are a lot of uncertainties surrounding this method. For instance, if you buy something and the price goes up you can’t be sure that someone will buy it from you.
In what should I invest?
Investing will always carry a certain risk. You can however decrease it by researching well the market for the product you are interested in. If you want to put your money on Bitcoin I advise you to carefully read everything connected to it. There are thing like market cap that are rather important. This is one of the reasons why some people have stopped investing in Bitcoin and are currently searching for other crypto currencies.
I am one of those guys. I would prefer to find something that is not yet gained popularity and put my money on it. I see no reason to copy millions of traders. I am afraid that if too many investors are interested in whatever I invest in, the price will go down rather fast and I will lose. So find something like WCX or Steemit is what I would do in order to decrease my chance of losing capital.
How can you be certain that you will win something?
I can’t be certain in anything. That is the reason why I research everything I am interested in. You can always lose your capital. That is why when someone is advertising a trading platform they always tell you that there is a risk of losing everything that you put in their website. Hopefully this articles has helped you in some way. Thanks for reading!