Monthly Archives: October 2018

Better Value of the Cryptocoin With Better Value of Trading

The success of Bitcoin has caused a hype of cryptocurrencies. Successfully we refer to the tremendous growth of the value of bitcoin and its market which has created a significant ROI (return on investment). Bitcoinpopularised a market that recently did not exist, the cryptocurrency market. It is a difficult question to answer because there are too many factors to consider. However, we can apply to some fundamental strategies.

Understand what you are going to invest

This is the first principle, and we think it is the factor where the majority that invests in digital currencies no longer qualify. They do not understand technology well and often not even basic concepts such as the use of digital currencies. What are the advantages of digital money vs a traditional currency? How does technology work? Moreover, the final question, why should I invest in this particular currency? Do not invest in things that are outside your area of ​​competence.

I invested in a currency that has a long-term competitive advantage

This is especially important for people who spend in the long term. If you want to trade, you can apply to technical analysis and take advantage of large fluctuations in currencies with little chance of long-term success, such as ship coins. While it is fun to do trading and analysis, and it can be profitable, it also carries a high risk. We got to earn a minimum salary in a few hours trading. We do not do it anymore. That is because the risk is high and we do not want to spend so much time watching the charts.

For these reasons we opt for Warren and Charlie’s strategy, which are the long-term investments also known as “sit on your ass investing” This strategy has the advantage that you can scale much better. While trading takes up your time regularly, investments do not take up any additional time once you make them. For that reason, the amount of investments you can make is very large, and the return on investment will exponentially increase to what you would achieve with trading. Regarding this you can read in the blogs of https://www.amarkets.com/promo/.

To know if a currency has a long-term advantage, you must make a very broad analysis. You must investigate the team behind the coin and its technology to see if it is not a shitcoin.

What is a shitcoin?

It is the term we use to describe new currencies that do not bring anything innovative in themselves, but instead are clones of existing currencies with new marketing. The creators of these currencies have as their goal to benefit from the ICO’s nothing else so that these coins will disappear from the market in a short time.

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