Before you know how to earn a lot of money from crypto currency, then you must know the meaning of crypto currency. Because there are still many people who do not know what exactly is meant by crypto currency.
Crypto currency is a technology used to make digital currencies using cryptography. Although crypto currency is a digital currency, but its manufacture that uses cryptography, prevents this money from being faked. The price value of the crypto currency is determined by the buy and sell power by the technology user.
Crypto currency is an electronic currency that is being developed at this time, even companies like Google Ventures also invest using crypto currency technology. The development of crypto currency technology has been demonstrated by the presence of over 500 crypto currencies that have grown worldwide.
Crypto currency also can not experience inflation, because the basic value of the crypto currency itself purely based on buy and sale so guaranteed crypto currency will not decrease more than 20% greetings a day. Crypto currency can also be used for trading profit, because the trading cost of crypto currency is 0% pure from barter or exchange process.
7 TYPES OF CRYPTO CURRENCY
On a site like bitcoin.co.id there have been 7 tradable tradable crypto like, bitcoin, litecoin, paycoin, nubits, rippe, darkcoin, degocoin. Trading done with coin-coin can produce crypto currency in the form of money.
How to tranding in crypto currency of course very easy to do, because very simple way is to buy with a cheap price and sell it with an expensive price. For example if in BTC-e at a price of 56 $ and in bitstamp with 58 $ then you can buy coin at BTC-e and then sell it in bitstamp.
Or another way to tranding crypto currency, you can buy when the price offered cheap and sell it back if the price has been high, so you will indirectly profit. This method can be called also by finding the price difference.
In a crypto currency there is the term altcoin, but do you know the meaning of altcoin? If there is no knowledge of it, then altcoin is a term for crypto currency other than in bitcoin, or it can also be called the equation of Alternate coin.
HOW TO GET MONEY FROM ALTCOIN
How to earn money from altcoin is very easy. Altcoin has a rising price compared to bitcoin. To take advantage of altcoin then you have to do some steps, here is the explanation.
First, that is by exchanging your money with bitcoin, you can exchange it through bitcoin.co.id site which is a safe and reliable site. Then you will have BTC capital that will be used for investment.
If you already have a BTC, then you can directly do a crypto currency tranding in altcoin. Namely with you trading altcoin or barter altcoin with other users. Each time you do a tranding in altcoin then you will get a profit so your bitcoin will increase.
To calculate how much bitcoin you get each month, that is by summing up the end result of the bitcon you got from the beginning of investing capital, then the result is reduced by the amount of capital you spend at the beginning. Then the end result is the gain you gain from tranding altcoin through crypto currency.
Once you get a profit then you can exchange the bitcoin into the form, and then melt it in conventional money. Very easy is not it?
6 ALTCOIN TRADING TIPS
Even so you also have to be careful in doing crypto currency. So here are the things to watch out for when trading altcoin:
1. Altcoin is similar to the company, that is with the process of planting shares, so you hrus learn the profile of the company or group that you follow. That is by studying who is behind the company and how its credibility.
2. Every company developers of crypto currency type of course have altcoin with large amount, so you have to monitor altcoin price. If the company sells altcoin at a great price then the drop price is likely to do a great supplay, as many users are flooding the market. And if this happens then the price increase will occur, then the tactics with price disputes on the tranding way described above should be done as well as possible so that the profits you earn from crypto currency is very large.
3. Learn the system used in the altcoin process. That is how altcoin can create long-term prospects, by following Warren Buffet's way of "invest in a reasonable place", so you should really learn about the altcoin developer. If it is perceived that the system used to make sense and have long-term opportunities then the possibility of altcoin can rise at a great price. You also do not need to cut loss or sell below the price, because only with the Ripple system alone then you can see the long-term opportunities of altcoin that the concept in the future will be profitable to large profits.
4. Selecting Google-backed altcoins The bias of newly released altcoins will be welcomed by a large market, and the chances of price increases are unreasonable, so you should be careful with altcoins like this. by choosing a long-standing altcoin it will be more reliable, but remember with the above step is to see the prospects or long-term opportunities in the future.
5. Business in crypto currency can not be solely how to make a profit, but how to get it also must be considered, one-one could be you will lose. The key is the value of altcoin is a market power. So if you find altcoin does not have a good long term then do not follow it. Look for more quality and reliable altcoin.
6. Altcoin prices are influenced by global markets, so be wary of prices that will change. You can monitor altcoin price on seitus bitcoin.co.id.
Crypto currency world can not be considered easy for some people, because the management in the transaction must be done with care and consideration. Noteworthy is the price movement that exists on altcoin. With the price movement it will be a reference when there is buying and when you sell it back.
From there you can earn up to tens of millions only with tens of thousands of capital only.
Thanks for sharing...
urwell