Unfortunately, there are many black sheep here who want to lure unsuspecting investors with attractive offers without there being any real value in return. So be careful when buying privately! It is best to take a broker if you are a beginner in the industry. For experienced investors, going to the Crypto Exchange is of course the best possible solution.
Trade directly, or invest money on a long-term basis?
Who would like to earn money with crypto currency buying on a long-term basis, takes under circumstances a high risk. Currently there are only two attractive ways to earn money with virtual currencies. You can either mine crypto currency or trade a crypto currency professionally. This means that you make purchases and sales within a short period of time.
Bitcoin is on a bull run again and even online casinos are preparing for it as you can read at https://www.Bitrebels.com/entertainment/bitcoin-casinos-preparing-charging-bull/.
The investment is therefore very short-term and designed for a temporary success. Experts say again and again that a long-term strategy is not to be recommended due to the high risks. As a professional, you can of course decide to invest a certain amount of BTC on a crypto exchange in the long term and secure a few coins over a longer period of time.
But whether this strategy is also successful remains questionable. Because the big coins such as Ethereum and Bitcoin experience price falls again and again, while smaller projects often simply disappear from the scene and can quickly become a total loss. The risk is always with the investor.
So if you want to achieve a secure return, you have to develop a short-term but hopefully successful strategy in order to generate the desired profits through trading.
Is trading with a crypto currency profitable?
If you have the necessary know-how and are familiar with the markets, trading with a crypto currency can be more than profitable. As a trader, it is important to find the right time to buy and sell. Of course you buy as cheap as possible and sell as expensive as possible.
Thus the yield is maximum. In some cases, the exchange rates of the major currencies fluctuate by up to twenty percent a day. This is of course a very high margin, which a trader wants to make usable for himself. But the risk is correspondingly high. Who sets only on a crypto currency and only with this would like to trade, which exposes itself therefore to a large risk.
It is always important to find a suitable mix with which you can be successful in the long run. Traders always need direct access to all important and relevant information about current prices and charts, as well as sufficient time to keep up to date. This is the only way they can be what they want to be: Successful.
Who starts here as a bloody beginner should be aware that there is a high risk. When dealing with coins, you can quickly lose a whole fortune if you bet on the wrong developments. This is another reason why virtual currencies are repeatedly referred to by experts as high-risk investment products.
As a small investor, you can start trading directly with little effort. But you definitely need a little experience and to be really successful. Only if you are familiar with the subject matter and can develop and implement appropriate strategies will you be able to achieve the desired return.
Which crypto currencies can be traded well and securely?
The problem with modern crypto currencies is that there is not just one, but hundreds of different projects. But you shouldn’t throw in the towel if you get the impression that the overview gets lost. Quite the opposite: In principle, all projects are based on two functioning variations of blockchain technology.
One is known and famous as the classic Bitcoin, and the other is Ethereum. Almost all smaller projects use similar or the same technologies as these two coins. So if you want to trade crypto currencies, you will always use the same structure and technology. Accordingly, the two large coins are also the safest type of investment.
Ethereum and Bitcoin are still the best possible solution today if you want to trade a crypto currency securely and halfway successfully. The move to smaller projects is an even higher risk, because often these do not develop as desired and disappear quickly from the markets.
On a well sorted crypto currency exchange you can trade almost any crypto currency, but you should find a good mix to make the desired profits. Ethereum is clearly the better choice for anyone who wants to try trading without higher costs. Because the price of the Bitcoin is still very high, even though it has fallen a bit recently.
Anyone who invests in Bitcoin must expect to have to pay several thousand euros for a whole unit of currency. This is a bit different with Ethereum. Here one is already with few hundred euro thereby and can nevertheless high net yield gain.
Crypto currency trade – stock exchange or broker are with the best solutions
If you are a beginner with no experience, you should definitely seek the help of a professional. A broker is not expensive and demands a fixed commission. A good broker can even afford to be paid success-based. This is of course the best of all alternatives, because only costs are incurred if there have been real successes.
Experienced investors, who have already dealt with trading and crypto, can also dare the step on the crypto stock exchange themselves and earn their money there. Trading with a crypto currency can easily be started, but you should definitely use the service of an official crypto exchange.
Private offers are mostly not a solution, and also not the offers where you can rent computing capacities from an automatic broker. As a rule, such offers are just simple fraud and by no means a good and sensible solution. Trading with a crypto currency also takes time and experience, and this should always be taken into account.