BTC Transaction

Menu
  • Home
  • Contact Us
  • Categories
    • Bitcoin
    • Crypto News
    • Online Investment
    • Cryptocurrency Apps
    • Cryptocurrency Guides
    • Cryptocurrency Mining
    • Cryptocurrency/Cryptocoin
    • Cryptocurrency Exchange/Crypto Wallet
    • Reviews
Menu
A Beginner’s Guide to Cryptocurrency Trading

A Beginner’s Guide to Cryptocurrency Trading

Posted on May 28, 2018September 15, 2018 by Johnny

It’s no wrong saying that cryptocurrency has taken the world by storm, thanks to its possibilities of earning huge returns in no time. If you want to invest in cryptocurrency and earn some extra money in less time, you first need to gather basic information on how cryptoucrrency works and what factors you should give your special attention to succeed in cryptocurrency trading.

Before we proceed any further, let’s take a look at the economics of cryptocurrencies. There’re some factors that determine the price movements of cryptocurrencices. These factors include but aren’t limited to: Utility, Supply & Demand, Market Sentiment, and Mining Difficulty.

A Beginner’s Guide to Cryptocurrency Trading

Supply and Demand

That’s probably the main factor affecting the price of a digital currency. Bitcoin is the most popular and sought-after cryptocurrency, thanks to its circulating supply of 16.7M coins. When the supply is low, the demand is higher.

Utility

Utility, in this particular context, means the usefulness of a digital currency. The more valuable a digital currency is, the more likely it’s to be considered valuable. If you want to invest in a new cryptocurrency in a hope to earn huge returns, you must consider all the factors involved to make a good, wise decision.

Price movement

There’s no point in investing in a cryptocurrency that isn’t popular in the marketplace. You can improve your cryptocurrency knowledge by following online crypto blogs. This will help you stay top on the things to predict market movements with ultimate precision.

You also need to pick a credible, professional cryptocurrency trading platform to stay on the safe side. If you want to share your own thoughts with us, feel free to let us know your valuable feedback in the comment section below.

Recent Posts

  • BitMax.io Announced the Primary Listing of Router Protocol (ROUTE)

    BitMax.io Announced the Primary Listing of Router Protocol (ROUTE)

  • BitMax.io Announces the Joint Primary Listing & Auction of Maps.me (MAPS)

    BitMax.io Announces the Joint Primary Listing & Auction of Maps.me (MAPS)

  • BitMax.io Announced the Primary Listing of Cudos to Support Off-Chain Compute Integrations

    BitMax.io Announced the Primary Listing of Cudos to Support Off-Chain Compute Integrations

  • Top 4 Dubai Municipal Parks To Visit

    Top 4 Dubai Municipal Parks To Visit

  • BitMax.io Announced the Listing of Kira Network (KEX) to Support Liquid Staking

    BitMax.io Announced the Listing of Kira Network (KEX) to Support Liquid Staking

Categories

  • Bitcoin
  • Crypto How Tos
  • Crypto News
  • Cryptocurrency Apps
  • Cryptocurrency Exchange/Crypto Wallet
  • Cryptocurrency Guides
  • Cryptocurrency Mining
  • Cryptocurrency/Cryptocoin
  • Online Investment
  • Reviews
  • Token
  • Trading

Top Posts

  • BitMax.io Announced the Listing of Kira Network (KEX) to Support Liquid Staking

    BitMax.io Announced the Listing of Kira Network (KEX) to Support Liquid Staking

  • Libra

    Libra

  • A Beginner’s Guide to Trading Bitcoin

    A Beginner’s Guide to Trading Bitcoin

  • Track Your Favorite Cryptocurrencies with Crypto Market Cap

    Track Your Favorite Cryptocurrencies with Crypto Market Cap

  • Trading Infrastructure Provider Wootrade to List WOO Token With BitMax

    Trading Infrastructure Provider Wootrade to List WOO Token With BitMax

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018

©2021 BTC Transaction | Design: Newspaperly WordPress Theme