If you are recent in the Bitcoin world, you may have been quite confused by the methods and Terminologies associated with crypto-currencies.
If you have traded, want to trade Bitcoin or want to buy Bitcoin, DO NOT make another trade until you read this!
I will show you the safe ways to trade and give you some great lessons on how to do it safely.
*WHAT IS BITCOIN?*
Basically cryptographic currencies are digital forms of money, which means that they
are scarce, valuable and transferable (primary characteristics of money) as well
as effective but with distinctive property that they are easy to transfer and are not controlled by any body.
*METHODS TO EARN/GROW PROFITS*
Each of these investment options requires that you at least own a Bitcoin wallet and already bought some Bitcoin in your wallet.
Services from where you can buy Bitcoin are:
https://neutcoin.com blockchain.com,Luno.com, remitano.com, localbitcoins.com and coinbase.com
*(1). INVESTING (BUYING & HOLDING) – AKA “HODL”:*
This one is actually pretty easy to understand and about as straightforward as it gets (though it can be really stressful and quite hard to force yourself to do at
times — an internal battle ensues).
You buy bitcoin and hold it for an undetermined amount of time while waiting for the price to go up until you are ready to sell at a profit.
This is a very passive way to make money from bitcoins.
The obvious risk here is that the price tanks and never recovers, thus leaving you with a loss. The upside here is that the price continues to climb and you end up selling for a huge profit at some point in the future.
Now, you never know what is going to happen, so there’s always a risk with investing in anything.
Buy and hold can be a great strategy for making money long term with Bitcoin
(assuming the price continues primarily rising over time).
However, a big issue with buying and holding is that, even though you are technically earning money, you can’t spend it. As soon as you cash out, you no longer own it, so you have to buy more at a higher price if you want to continue investing. But that won’t really matter if you have already made a huge profit and are content with the amount.
The simplest way for you to buy bitcoin right now — and the way most beginners
get started investing — is through coinbase.com or luno.com . Another popular option is LocalBitcoins where you can buy and sell bitcoins near you and often times get them at a better price than you can elsewhere.
*(2). INVEST INTO ALT COINS/INITIAL COIN OFFERINGS(ICO’s):*
Another great way to make money trading bitcoins is to buy altcoins or invest into ICO’s that seem to have a promising future. Then, once the coin takes off (assuming it does) you sell them for Bitcoin at a profit.
This can actually be a great strategy on how to make money with cryptocurrency in general. However, once again, I do caution this if you don’t have much experience in digital currency overall, or at least have a good mentor to get advice from on which coins to buy, and even then it’s risky.
*(3). NEUTCOIN STATELESS WALLET:*
Neutcoin is a crypto wallet just like blockchain, luno, coinbase etc. But in this case, it is Stateless, meaning that it can hold many different types of crypto-currencies at the same form and at the same point in time, including bitcoins, Ethereum, litecoin etc.
Stateless wallets are different from static wallets because they are able to swap your cryptos to the most progressive form at every point in time.
Your cryptos can only appreciate and can not depreciate because all the crypto-currencies do not depreciate or appreciate at the same rates.
A fall in one triggers a rise in another.
Hence by interswapping them correctly you can key into this volatility to make profits off them.
"Mathematically, let's say Bitcoin worth =$7000 and Ethereum worth=$200. If you have 1btc in possession, swapping it for Ethereum will give=(7000/200)=35ETH. now 35ETH will still be worth $(35*200)=$7000 so nothing is lost nor gained. Now let's say ethereum actually increases in worth such that 1ETH now worths $250 while bitcoin did not increase in worth or may have even depreciated at that particular instant or even appreciated at a lesser rate, then that means your 35ETH you got by swapping 1btc for 35eth now worths=$(35*250)=$8750. That means you have converted your earlier $7000 to $8750 by intelligently swapping the right currency for the right currency at the right time."
Of course these instances are simplistic.
However, Neutcoin does much more than that. Neutcoin automates this process by auto-swapping these currencies accurately with up to date and precise market statistics.
The idea is to store most of your bitcoins in a Stateless Wallet so that they are constantly inter-swapped hence appreciate in value;
Stateless Wallets are used just like regular bitcoin wallets and can be used to receive and send bitcoins.
In practice you make profits in the range of 9% to 15% weekly and 1% to 2% daily depending on the market conditions. But it will always be profit.
The downside to Neutcoin is that they don't offer direct purchase of cryptos with cash so it's users tend to buying from other popular exchanges such as luno.com, remitano.com, paxful.com, coinbase.com etc and then transferring to their Neutcoin wallet.
GET STARTED WITH NEUTCOIN
In order to avoid panic, I straighly move to coins that are stakeable as it is present in Atomic Wallet, those coins that are well promising like AWC token which I'm buying and staking for passive income and also hodl for price escalating. More info about stakeable coins - https://atomicwallet.io/staking