Cryptocurrency wallet advices and crypto marketplaces? Learn the Difference Between a Bear Market and Bull Market. General wisdom says “Buy support in a bull, sell resistance in a bear.” Regardless of what type of investor or trader you are… you should learn to spot the difference between a bear and bull market and shift your tactics appropriately. From 2015 – 2017, during a long bull run, you could essentially buy every Bitcoin dip and come out ahead. In 2014 and 2017 buying dips was mostly rewarded with heavy losses. In 2014 and 2018, two bearish years, shorts could short every resistance and profit. In 2015 – 2017, it was rarely safe to short Bitcoin. Knowing the difference between a bull and a bear can be a big deal in any asset, but with the brutal market cycles of crypto, it is especially important to learn the difference.
Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high-security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
To make your first trade, input the amount of Bitcoin you want to buy in the provided field and click the buy button. On Coinbase or Coinbase Pro, this will be a basic “market” buy order, which will purchase Bitcoin at the best market rate. Alternatively, you can place a “limit” order, which lets you set a price you’re willing to pay for a certain amount and a trade will only happen if that amount shows up at that price. Discover more information at Fairbit.
Cryptocurrencies, sometimes called virtual currencies, digital money/cash, or chips, are not exactly like US Dollars, Euros, Venezuelan Bolivars or Peruvian Soles. They exist “online” and are not usually backed by a government (there are exceptions). They are backed by the respective user networks that keep them as Bitcoin.
There’s a need for one to be more than cautious when looking to invest in any ICO. Knowing when to or not to invest in an ICO is not about science; rather, it’s about paying close attention to those details that most people seem to overlook while only focusing on the promised returns. Conduct a background check on the team behind the project and analyze their ability to deliver on their promise. In addition, you should also look at the viability of the idea behind the ICO, poke holes in the project’s white paper and seek answers where necessary. That will ensure that no stone is left unturned and, if by the end of it you still have doubts about the project, you’re better of passing than chance it investing in that ICO.
This is another cryptocurrency broker site. Here you buy Bitcoin from the broker itself, or via its liquidity pools instead of from another person. So similar to Coinbase. Bitpanda has been around for a few years now and they are building up their reputation. Namely for being very easy to use and with lots of payment methods available. From bank transfer, Skrill, Neteller, card purchases, Sofort, iDEal, etc. It is only available for EU users though. Discover additional info at Fairbit.