The number of bitcoins in circulation will not grow dramatically anymore SAYS EXPERTS, and will reach the maximum possible amount by the year 2140, while the popularity of bitcoins and hence demand will increase. On the other hand, since the amount of bitcoins in circulation is rather stable, they are already traded in a way pretty similar to other currencies or shares.
It means that smart short term investors can profit on volatility of the bitcoin market and earn a lot with a very small initial investment. In the next story, you will learn how to analyze bitcoin market behavior and how to make buying and selling decision at the right moments.
To buy your initial lot of bitcoins, you can go to https://www.weusecoins.com/, top-up your Bitcoin wallet at Webmoney using other currencies, or purchase it directly on the trading site. Poloniex (https://www.poloniex.com/) is the one of the largest exchange platform today. It is very easy to start trading there: you open an account (just email address is required) and then transfer your bitcoins to your account or wire transfer your local currency from your bank.
BTC-e is another very useful trading marketplace for individuals buying and selling bitcoins. Only a small fee of 0.2% is charged per transaction. The site has a clear interface showing the current median pricing and a recent trend. Registering on this web-site is absolutely free and the only information required is your email and some documents for identity verification.
To start trading, you need first to deposit some amount in one of the major currencies or transfer bitcoins if you have some. Currently, there are many supported payment methods: US Bank Wire, EU Bank Wire (SEPA), Visa, Mastercard, PerfectMoney.com, paypal.com, etc......To be continued
FOR THE LIST OF FOREX BITCOIN TOPICS IN CLASS 1 & 2 OF FOREX BITCOIN TUTORIAL, GO TO: https://bitcointalksearch.org/topic/m.15842610
Do you want to become a smart and successful bitcoin trader? Trade bitcoin using Forex approach.
Download Bitcoin Forex Class 1 lesson 1 Video (Compressed Size 63MB)
Topic: SHORT BITCOIN TRADING STORY FOR NEWBIES PART 2 (Read 346 times)
Jump to: