Investing in Bitcoins and other cryptos: take a more professional approach!
In the Netherlands, there are tens of thousands of people who actively invest in Bitcoin and other types of crypto. Investing in Bitcoin and crypto is a bit of a gamble for some people, but a growing number of investors are choosing to enter the crypto market better prepared and more thoughtful. There are several ways to learn to invest in crypto so that you can achieve better returns than before. Examples include using telegram crypto signals, applying a stop-loss strategy, or analyzing the historical prices of Bitcoin and crypto in order to better anticipate developments in the crypto market and exchange rate fluctuations. Do you want to learn to invest in crypto and Bitcoin more professionally? Then use the handy tips below to increase your winnings.
Make use of telegram crypto signals
If you subscribe to telegram crypto signals, you can stay up to date with tips and advice from experts. Telegram crypto signals are ideas and advice from Bitcoin and crypto experts that help you invest in the right coins and buy or sell crypto coins at appropriate times. Telegram crypto signals is about advice and insights from experienced investors in cryptocurrencies, so the tips often help you to invest smartly and make more profit.
Apply stop-loss strategy
Smart investors in Bitcoin and other crypto coins that are successful, apply a stop-loss strategy in addition to telegram crypto signals. In doing so, they determine in advance at what time when prices are (sharply) falling z sell their crypto coins, in order to prevent large losses. Stop-loss reports can be created automatically at crypto exchanges. If a currency is in decline, you will receive a warning to sell your stock in time.
Historical analysis of the prices
Experienced crypto traders delve into the historical prices of Bitcoin and other digital currencies, find out what causes peaks and troughs in the price, and let their investment strategy depend on these types of patterns. On YouTube, you can find numerous videos of experienced investors that explain how prices work historically and how you as an investor can respond to this. Take a look and be amazed at the predictable variables that exist in the crypto business.
Ways of investing in crypto
If you want to invest in crypto coins, you can choose three types of platforms: Crypto Exchanges, ICOs, and Crypto Funds. A Crypto Exchange is a broad platform, where you can go to purchase various types of cryptos. These cryptos can be purchased via the Exchange for a small fee and stored in a secure wallet. If the crypto prices have risen, you can resell your digital coins and make a profit.
Another investment option is a so-called ICO. You could consider an ICO as the crypto version of crowdfunding. ICO stands for Initial Coin Offering. On these platforms, you can buy coins from blockchain start-ups, so crypto coins that are just coming to the market. If these coins become worth more, you are there early and you can earn a lot as an investor. A disadvantage is a great risk because many new tokens and cryptos go under in the initial phase.
Finally, there are crypto funds. You can invest in Bitcoin or crypto coins, but you cannot trade yourself in the meantime. With a crypto fund, as an investor, you do not have direct control over the underlying assets of your investment. If the price suddenly rises quickly and you want to sell with a profit, or if the price falls and you want to apply a stop loss strategy, you cannot intervene immediately because you are investing in the long term.
Advantages and Disadvantages of Binance
Founded in 2017 by Chinese entrepreneur Changpeng Zhao, Binance is currently the largest Crypto Exchange in the world. Binance has several advantages. For example, the range of cryptocurrencies is very large. Binance is known as a very safe platform, where you can trade cryptos without risk. Other advantages are low transaction costs and high liquidity. Does Binance also have drawbacks? Yes. The withdrawal costs are relatively high, so the price has to rise well before you start making a profit. Furthermore, the platform is sometimes quite slow due to many users.
Advantages and Disadvantages of Bitmex
Bitmex is also an option. This Exchange, founded in 2014, is a platform where derivatives are traded, ie stocks, and in fact a Crypto Fund. So you do not have direct access to the digital coins that you trade via Bitmex. This can be experienced as a disadvantage. Advantages are the low transaction costs, the security of Bitmex, the user-friendliness, and the possibility to choose many different order types. The disadvantages of Bitmex are the chances of liquidation of your positions and the fact that the currency is not directly in your possession.
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