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HOW TO TRADE CRYPTO AND MAKE MONEY
Bitcoin and crypto, in general, are such volatile assets that traders prefer to invest in them because the risks are high and so are the incentives. Thus, trading crypto can provide more significant returns than traditional investments if you can time the market correctly.
Crypto traders usually have one of two objectives: collecting Bitcoin or making a profit in US dollars. In a bull market, increasing the value of a portfolio in USD is relatively easy, but increasing the value of Bitcoin is more complicated. You may trade altcoins against Bitcoin on platforms like Coinbase Pro to keep track of your portfolio’s worth.
Cryptocurrency: What is it?
Even though cryptocurrencies come in different forms, they all have one thing in common. They are all decentralized, running on blockchain technology. Furthermore, cryptocurrencies, by decentralizing financial processes, provides various advantages over the old financial system, including:
- Almost all of the bank’s overhead expenditures are eliminated
- Transactions that are less expensive and can be delivered and received worldwide
- There’s no reason to trust the Federal Reserve because of inflation or a finite supply
