How To Make Money On Bitcoin Trading – Detailed Beginners Guide

In the next few minutes, I’m going to be walking you down the aisle and show you how to make money on Bitcoin trading extensively even if this is your first time hearing the word Bitcoin.

If you’re new to Bitcoin or Bitcoin is new to you, and you wonder if it’s actually possible to make money trading Bitcoin online or it’s just a mirage! You will find out soon.

Before we get it started, let me introduce to you the one and only Fiat system Challenger and the Decentralized Financial system Creator, ladies and gentlemen, give it up for Satoshi Nakamoto!

So, by now, I know you want to ask, who is Satoshi and how is he related to Bitcoin and the Cryptocurrency industry at large? But, keep calm, relax and enjoy the ride. You will find out in a minute…

Brief History Of Bitcoin And Why It Caught So Much Attention!

Bitcoin was invented by Satoshi Nakamoto as a solution to the Global Financial Crisis back then in 2008.

It was designed to give NO room for monetary manipulation, the idea was to make people FREE from third parties(like banks/governments) and give power to its users.

Bitcoin is a decentralized currency and the main intention of Satoshi was to give freedom to people on acquiring, buying, selling and using money without no interference or delay in transactions.

Majorly your transactions using Cryptocurrency is encrypted (means that, it’s 100% secured and no one will be able to alter it, hack it or gain unauthorized access into any of your private transactions.)

This is more reason why Bitcoin price has been consistently increasing since its launch in 2009 till date and it has made a lot of people rich and these early adopters became sudden millionaires and even overnight multi-millionaires!

In one word, early adopters of Bitcoin understood how to make money on Bitcoin trading and identified Bitcoin as a Millionaire FASTLANE to wealth!

An example of these early adopters right here is Chukwu Stephen (Voski) who is the founder of Crypto Space, he’s also a Binance Ambassador who used his Bitcoin dividends to build businesses in the Cryptocurrency space.

Another example of these early adopters is Changpeng Zhao who founded Binance which is one of the largest cryptocurrency exchanges in the world which I’m still going to talk about later in this article as we proceed.

Also, the Winklevoss twins who used there profits judiciously and built the Gemini exchange and many other people.

So, if you were confused whether making money on Bitcoin trading is real or not, you can now be sure it’s very real and if this interests you, then, you can be sure of a profitable journey ahead.

Let’s move to the next point.

What is Cryptocurrency? Your Basis For Crypto Profits

Before you start trading Bitcoin, it’s necessary you understand what you’re going into as this would form your basic knowledge to making profits.

Ensure you grab a cup of tea or water and sip along as we go dip(Crypto slang!)

Cryptocurrency simply means Digital Money or Digital Currency. It is the opposite of the paper money we spend called fiat money. For example; dollar, naira, pound, yen, etc.

Cryptocurrencies are spent and acquired on the internet and you can also turn them back to your local paper money.

The reason why the world adopted there use is that, they don’t involve third parties like the banks, governments or lawyers that will stand as middlemen.

And Cryptocurrencies are very fast in service delivery as fast as in seconds or minutes compared to the traditional way where there could be delay in networks or you have to wait for many days for borders transactions to be done in case  of international transactions.

Once you acquire it, you can send it to your family and friends immediately without stress and it’s fast, easy and convenient.

An example of Cryptocurrency is Bitcoin which is the FIRST Cryptocurrency in the history of Crypto industry.

Other examples of Cryptocurrencies are called Alt coins (which means alternatives to Bitcoin), they are Ethereum, Litecoin, Dash, Tron, Ripple, LINK, BNB, USDT and many more.

Before I move you to the next point, I need to let you understand that, what I’m about to tell you next is super important and this is why you should be reading my article word for word because, I am going to be dropping a lot of trading secrets inside every article and only you who reads the whole content will discover it, it’s going to be hidden and become ultimate search to many!

Categories Of Cryptocurrency – Little Secret That Guarantees Profits

Cryptocurrencies are categorized into 2 and I’m going to list and explain them below as they are necessary to your success in trading Bitcoin and alt coins:

• Stable Coins
• Unstable Coins

Stable Coins: stable coins are Cryptocurrencies that are pegged to other Cryptocurrencies or Fiat money.

For instance; 1 USDT is pegged to equal to 1 Dollar value in any Fiat currency of any country.

This means that, if you’re afraid that your local currency (Fiat like Naira or Rand) is going to suffer inflation, you can buy USDT and change your fiat to Cryptocurrency which is exactly the same value with dollar if you want to go Crypto.

Majorly, stable coins help you to ensure you don’t lose the profits you’ve made from trading if you pay attention to this explanation I’m doing.

Examples of stable coins are USDT (known as USD Tether), USDC(USD Coin) etc.

For example, when I started trading as an ignorant newbie! Lol, I didn’t understand how to make money on Bitcoin trading using USDT, so I always use Bitcoin (BTC) as my Counter currency in trading pair, and even though I made profits, I do notice that, my profits would decrease until I realized that, leaving my profits in Bitcoin could not be ideal most especially when BTC is NOT increasing but decreasing.

So, what you would want to do with stable coins( say USDT) is to use it to store your profits most especially when you don’t have the intention of using it to trade yet, so the price of the markets doesn’t affect your profits while leaving it in other Cryptos.

Also, you can use a stable coin like USDT as a counter trading pair for your trading.

Don’t worry if all these sound alien to you right now since you’re just hearing about how to make money trading Bitcoin.

Or you don’t know much as this website would do justice to all your worries and concerns as you keep following and checking back for more new relevant content.

The most important thing for you now is to decode and never forget what I just explained with stable coins as it helps you to keep or save your trading profits.

Let’s get into the second category.

Unstable Coin: any other Cryptocurrencies that are not stable coins are known as unstable coins.

This means that, there prices do fluctuate, there prices go up and down different times, and in other words, this process is also known as VOLATILITY of a coin.

The price of any unstable coin can skyrocket this moment and in the next few hours, it comes down low even lower than it was before.

For example, some of my followers who are also newbies to Crypto would ask me; “why is it that my Ethereum is decreasing in my wallet?“

I got this same question often from many of them, and the reason is that these unstable coins are volatile, there prices can increase today and decrease tomorrow or decrease now and increase in the next one hour.

As a Bitcoin trader, the volatility of a market is what you look out for most especially to profit by CAPITALIZING on the high side of the market and take profits before it is too late!

Keep calm, we will get there!

Secure Your Crypto Funds With Safepal Hardware Wallet Now

Facts About Cryptocurrency – What They Don’t Tell You!

By now, if you’ve read to this stage, you would have realized that, as much as there are great opportunities in Cryptocurrency world to make money.

There are also ways one can run into loss most especially if the markets go against you. But.

As you know that, on this platform, we care about you and want you to avoid loss of profits at all cost or at least minimize the loss, that is why I’ve decided to embark on this project to EDUCATE you on how to make money on Bitcoin trading and ensure your profits are guaranteed.

But now, I need to present some facts of Cryptocurrencies to you so I can prepare you ahead to know what you’re going into, this is not to scare you but to prepare your mind and know how to scale through which is why I’m here for you.

Cryptocurrency is not a get rich quick scheme and conversely, it can also  help you become a millionaire overnight!

But, that is if you’re among the early adopters of any coin or you understand the strategies of trading which I would still cover in later posts.

In Cryptocurrency, you don’t make money all the time, you make money to lose money!

Don’t be scared, it’s normal to lose money but, the most important thing is to make more money so you won’t feel the loss.

If you make $1,000 and lose $200, is that not still cool profits? Now you get the idea!

You will have to spend good hours in front of the screen of your monitor or smartphone to watch the market conditions studying the candles and charts to discover your entry and exit positions!

But still don’t be afraid! Once you understand it, it won’t be a problem again!

You will have to schedule time to listen to the news daily about Cryptocurrencies (Bitcoin and alt coins) to understand and be aware of the trends.

Because, most times, the the news determines what happens in the market, most especially when there is a recent development on a Crypto.

Probably a new company doing ICOs, or there is a new project to progress there users adoption or spread the awareness and many more.

And if you miss this news, you might miss out on that opportunity or the market goes against you. The most important thing here is to stay UPDATED with the news.

You can also JOIN online FORUMS like beermoneyforum to stay updated.

You will read many books and make personal research.

It is true the content you read here and other sites can get you started and provide you with many opportunities to learn on this new adopted Crypto journey, but.

If you want to apply turbo speed, you will need to be able to read books on your own and have personal time for making research.

You are your own last financial adviser.

Just because someone drops you a SIGNAL to go long (buy) or go short (sell) on any asset doesn’t mean you should without your own proper and thorough conviction.

Now, understand that, there are only two ways on how to make money trading BITCOIN or any other Cryptos:

It’s either the price GO UP or COME DOWN and as a beginner in Crypto Trading, your duty is to identify the position where it’s low and buy and as well sell when it’s high to make profits.

There are other methods or strategies to make profits than this, but, t’s beyond the scope of this topic for today.

I will round it off soon, but, by now, I believe you’re feeling more confident like a pro trader right?

Lol… Get ready to get it started!

Strategies To Bitcoin Investment – Prerequisite To Profits

I have shared some good strategies in the examples I used as case studies above, if you skipped reading, kindly go back and read up as there is nothing good as learning from experiences of others.

Nevertheless, I will talk about few again here to buttress some of my points above in a better way:

• First, you need to understand what you’re going into which is Bitcoin and the Cryptocurrency space at large.
• Start small as little as you can afford and never trade the amount you can’t afford to lose.
• Remember to TAKE PROFITS as little as it is and store it up in stable coins (USDT) before you decide what to do with it.
• Invest in more Cryptocurrencies once you understand Bitcoin and how the whole Crypto things work.
• Withdraw and convert some of your profits to FIAT and buy something nice for yourself and loved ones!
• Continue to learn, grow and make research to understand different methods of Crypto trading.

Getting Started On How To Make Money On Bitcoin Trading

Before you can start trading Bitcoin, there are things you must have in place and I’m going to be listing them below:

1. You need a WALLET: your Crypto wallet is your digital wallet which works like your Fiat bank account and this wallet can be stored on any device for you to be able to make transactions. Its major use is to help you store your public and private keys (better security measures than password) and to also help you track your balance and transactions performed.

There are 2 different wallets, online/software wallets and offline/hardware wallets:

Below are online or software wallets you can choose from:

• Trust Wallet
• Tokenpocket Wallet
• Klever Wallet
• Tronlink Wallet
• Coinbase Wallet
• Electrum Wallet

And we also have the offline or hardware wallets below:

Get Your Safepal Wallet Here!

• Safepal
• Ledger Nano
• Trazor

What you need to understand is that, the online wallets are FREE to use and you can download them from any of your online stores either Playstore or Apple store.

Or you can install the software to your system and start using it. But, you will have to order and buy the hardware wallets since they hold large amount of Cryptos and also provide better security. But.

Whichever way, you can start with the online wallet immediately, just ensure you don’t share your private keys or SEEDS which stand as your security codes with anyone.

So, download and install the online wallet and then, follow the prompt instructions to set it up. It’s very easy.

2. You Need a MasterCard Or Money In Bank For Transfer: you need to have a MasterCard to purchase Bitcoin with your Fiat money. If your VISA Card has been used to purchase goods or make a payment online before, you can also try it.

So, what you’re doing here is basically to exchange your fiat(paper money) for digital money.

You then state the amount of Bitcoin you want to buy or you state the amount of fiat (Naira or Dollar) you want to use to SWAP and you get the equivalent amount in Bitcoin.

You might be given different options to use either your MasterCard or make a bank transfer depends on the exchange you’re using.

What is an Exchange?

An exchange is an online trading platform that provides you the services and opportunity of buying, holding and selling Cryptocurrencies to make profits or the opposite!

Examples are Binance, Coinbase, LUNO, Quidax, Roqque, etc.

But, for the purpose of this topic, I would be recommending BINANCE because, to me, they have the most advanced friendly interface and easy navigation and you can find any trading pairs you can ever think of on BINANCE.

So, what you have to do to buy Bitcoin now is to click here to register.

If you already have a Binance account, no worries, just get on my email too and ensure you follow this website frequently.

You will find out how to participate in any of my live training and join the inner circle.

Next step: REGISTER on BINANCE using the web(your Chrome browser) and after your registration, download Binance App on Playstore/Applestore and comment registered using the comment section.

I will reply you and tell you the next thing to do.

Next Read: Buy Bitcoins online with profitable trading tips

This is Never The End: It’s The Beginning of Profits Making!

As you have seen from the points explained above, Cryptocurrencies come with both profits and risks.

It comes with advantages and disadvantages, but the most important thing in any investment (including Bitcoin Trading) is to LEARN to REDUCE the risks involved and discover how to MAXIMIZE profits.

Once you’re making enough profits, losing small amount of money won’t be a problem as there is never ups without downs in life.

But, not to worry about a thing, we’re here to ensure your journey in Cryptocurrency is smooth and hitch-free.

So ensure you BOOKMARK this website, SUBSCRIBE to our email list for valuable content dished out weekly and so you don’t miss out on any of our latest FREE GIFTS and impact-making content as we release them.

If you’ve gotten value from this post which explained how to make money on Bitcoin trading, comment your major key TAKEAWAY and kindly SHARE this post to your friends and social media platforms to help us grow and reach more Crypto Enthusiasts like you to find their way home and grow our community.

Remember, if we ain’t talking profits, we ain’t talking! Thanks for reading.

All rights reserved. This material and any other digital content on this website should NOT be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PROFITSTALKING owner.