The past two weeks of reinvesting, have paved the way for an added layer of security for Bridgeport Investment Technology. In an ideal scenario, one's trading will lead to accumulation of Bitcoin at a steady rate no matter the price. This principle is known as dollar cost averaging, after time consistency, minimizing trading costs and losses will lead to bigger gains. There are no guarantees, one cannot say with 100% certainty that given x, y will be the outcome (except bitcoin is finite) in trading and investing. Anyone who tells you otherwise is lying to your face or over the internet.
The great thing about crypto is it's inherently transparent ledger, and network. In the intro video Crypto Walk Thru I referenced earning income through referral programs. Take your time to research which platform works best for you. Use social media to network with qualified professionals while avoiding follower driven campaigns. Engage with crypto users and enthusiasts. Do your followers send you automated messages? If so, ask them to verify humanity. Check their pages, what is their interaction with the community?
All that aside be sure you really want to contribute and not just make money, especially fiat money. Day trading will get you huge dollar gains, however check the cost of doing business, if your balance is well in the green more often than not, short term goals are ok. If your medium range goals are within reach you could continue on this path. This is not advice, but look back at your orders and you will see just how much you have lost by selling crypto over time. More specifically the Bitcoin price in August was a bargain compared to todays price. Knowing that, accumulation took precedence over things like eating...at The Capital Grille...or rather working and not eating at all...then dreaming about bitcoin.
The month of November brings us to the accrual of interest phase of investing. Just to get it out of the way, yes a small allocation of Bitcoin is invested in Bitconnect . Look over the metrics and decide for your self, The small amount staked is on track to repay the original principle amount in fifteen days. If you were to deposit cash into a funny money CD at your local financial institution, how much in interest would you gain? It's very little compared to the time value of money or especially the losses taken over time based on the volatility of the weak dollar. Are you holding crypto? Be sure to use more than one exchange, so you can access your coins at a moments notice.
Wouldn't it be nice to earn crypto while having your coins on an exchange? What do you think the Bitcoin price will be on January 1st 2018, will it be over 10K? Knowing that there are only 21 million coins means that even if the network isn't as scaleable as hoped the value of coins will continue to increase. Holding BTC and leveraged positions are keys to earning just for holding.
Buying Call Options for Bitcoin is part of sound strategy for achieving long term goals. This is considered a beginner step for savvy traders looking to add tools to their investment portfolio. Regular readers know that we will refer to Investopedia as a guide for beginners to get FREE information about finance, trading and investing. Are there other sources? Yes, this is the source we have referenced for nearly a decade from climbing out of the depths of the financial crisis to the heights of trading earnings.
The great thing about crypto is it's inherently transparent ledger, and network. In the intro video Crypto Walk Thru I referenced earning income through referral programs. Take your time to research which platform works best for you. Use social media to network with qualified professionals while avoiding follower driven campaigns. Engage with crypto users and enthusiasts. Do your followers send you automated messages? If so, ask them to verify humanity. Check their pages, what is their interaction with the community?
All that aside be sure you really want to contribute and not just make money, especially fiat money. Day trading will get you huge dollar gains, however check the cost of doing business, if your balance is well in the green more often than not, short term goals are ok. If your medium range goals are within reach you could continue on this path. This is not advice, but look back at your orders and you will see just how much you have lost by selling crypto over time. More specifically the Bitcoin price in August was a bargain compared to todays price. Knowing that, accumulation took precedence over things like eating...at The Capital Grille...or rather working and not eating at all...then dreaming about bitcoin.
The month of November brings us to the accrual of interest phase of investing. Just to get it out of the way, yes a small allocation of Bitcoin is invested in Bitconnect . Look over the metrics and decide for your self, The small amount staked is on track to repay the original principle amount in fifteen days. If you were to deposit cash into a funny money CD at your local financial institution, how much in interest would you gain? It's very little compared to the time value of money or especially the losses taken over time based on the volatility of the weak dollar. Are you holding crypto? Be sure to use more than one exchange, so you can access your coins at a moments notice.
Wouldn't it be nice to earn crypto while having your coins on an exchange? What do you think the Bitcoin price will be on January 1st 2018, will it be over 10K? Knowing that there are only 21 million coins means that even if the network isn't as scaleable as hoped the value of coins will continue to increase. Holding BTC and leveraged positions are keys to earning just for holding.
Buying Call Options for Bitcoin is part of sound strategy for achieving long term goals. This is considered a beginner step for savvy traders looking to add tools to their investment portfolio. Regular readers know that we will refer to Investopedia as a guide for beginners to get FREE information about finance, trading and investing. Are there other sources? Yes, this is the source we have referenced for nearly a decade from climbing out of the depths of the financial crisis to the heights of trading earnings.
Investopedia even has free paper trading, so beginners can learn to trade without risking any capital whatsoever. Trading View also has paper trading in fact most reputable exchanges and brokerages of all kinds have some equivalent of a limited account with ability to place trades on securities and crypto in order to become familiar with investing and most importantly, access to monitor daily price action. According to The Market Wizards one of the wealthiest investors in the world started by just jotting down the price of a particular stock, twice a day. Write down the bitcoin price in the morning, and in the evening never placing a trade.
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Look forward to trading together. We can share knowledge & increase our wins!
Next time we look at Put Options, and what it means to be "Bearish" in a trade.
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