Blockchain: How to Safely Create Stable and Long-term Passive Income by Investing in Bitcoin: Cryptocurrency Revolution, #2
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About this ebook
Would you like to have a new passive income stream that makes money while you sleep?
Most people haven't realized the global economy shifting power that cryptocurrencies have, while smart investors have been following them closely for a while now.
We've all heard about how Bitcoin shocked the world by skyrocketing in value over a short period of time.
Making safe digital investments has never been so approachable.
You don't have to be a financial expert and it doesn't matter if you're a first-time investor. Cryptocurrencies are known for being very approachable.
Long-term, steady income streams are a possibility for those that know how to navigate the seas of digital currencies.
Here's some of what you can expect to learn inside the pages of this book:
- Discover the common mistakes make first-time cryptocurrency investors quit fairly quickly.
- Learn how to make an investment plan and easily assess how much you're able to spend.
- Learn which storing options are most effective, so that you avoid losing thousands due to unexpected security breaches.
- The best options available to safely purchase digital currency without risk.
- How to make your income streams 'future proof' and make them last for years to come.
Other than following the advice inside this guide, no previous skill or specific knowledge is required to start investing in Bitcoin.
Easier than Forex. Less of a barrier of entry than most investment options out there.
Are you ready to create new steady streams of income into your life?
It's time to jump onboard one of the greatest investment opportunities of this century. Start by scrolling up and clicking the BUY NOW button at the top of this page!
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Titles in the series (5)
Cryptocurrencies: How to Safely Create Stable and Long-term Passive Income by Investing in Cryptocurrencies: Cryptocurrency Revolution, #1 Rating: 0 out of 5 stars0 ratingsBlockchain: How to Safely Create Stable and Long-term Passive Income by Investing in Bitcoin: Cryptocurrency Revolution, #2 Rating: 0 out of 5 stars0 ratingsBitcoin Investing: An Introduction to Cryptocurrency and How to Invest in Bitcoin: Cryptocurrency Revolution, #5 Rating: 0 out of 5 stars0 ratings
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Book preview
Blockchain - Anthony Heston
Introduction
You’re about to discover how to safely invest in Bitcoin, potentially earning you a secondary income in the most passive way possible.
Filled with current information and practical guidance, this book will show you how to:
● Determine if Bitcoin and other digital currencies are good investment vehicles for you.
● Look for the right exchange for trading Bitcoin.
● Learn the most effective strategies in Bitcoin investing.
● Be familiar with the risks of investing in digital currencies.
Digital currencies such as Bitcoin are regarded as the money of the future, and there is a high potential anyone to make substantial profits if they decide to ride with this trend early on. But there are risks to avoid and strategies to follow if you want your investment to be successful.
It’s time to find out more.
Chapter 1: How to Determine if Bitcoin Is the Right Investment for You
Before we discuss the factors that will guide you in your decision to invest or trade in Bitcoin, you need first to understand the difference between investing and trading. Even if you assume that you already know the difference, I still encourage you to review this basic knowledge so you will be refreshed and probably learn more.
Basically, investing and trading are two distinct strategies of trying to make a profit in the financial world. The primary purpose of investing is to grow wealth over an extended period of time by purchasing and holding a portfolio of stocks, bonds, funds, and other financial instruments.
Investors usually increase their profits via compounding or through the process of reinvesting the profits and dividends into added shares of stock. The investments are usually held for a certain period of time, which could range in weeks, months, years, or even decades. Investors could also take advantage of the perks involved in investments such as dividends and interest.
Although just like other markets, Bitcoin’s price fluctuates, investors can still ride out the risk with the projection that the price will soon recover and any loss will gradually be restored. Investors usually refer to market fundamentals in looking for investments such as management forecasts and price/earnings ratios.
On the other hand, trading involves higher frequency of buying and selling financial instruments such as commodities, stocks, or currency pairs. The primary objective of trading is to generate profits that can outperform investments. An active trader may be aiming for a 10% monthly profit compared to the 10% possible profit of an investor. The profits in trading are generally made by buying instruments at a lower rate than selling them at a higher price within a shorter term. Conversely, you can also make profits by selling when the price is higher and then buying to cover when the price is lower. This is also called as the selling short in order to still make profits despite of the falling trend in the market.
While investors are normally trained in waiting out for less profitable positions, traders are accustomed to take losses or profits within a particular period of time. Protective stop loss orders are often used by traders to immediately deal with losing positions at a pre-determined price. Traders are also trained in using tools for technical analysis such as stochastic oscillators and moving averages in order to look for the trading setups with high potential to yield profits.
In Bitcoin exchange, you can make profits through investing or trading cryptocurrencies. Investors are looking for higher returns over a particular period through buying and then holding the Bitcoin. On the other hand, Bitcoin traders usually take advantage of the rising and falling markets to take more regular profits.
Now that you have hopefully learned the difference between trading and investing, let us explore the different factors that can help you decide whether Bitcoin could be the best investment or trading instrument for