A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralised networks using blockchain technology—a distributed ledger enforced by a disparate network of computers.
A defining feature of cryptocurrencies is that they are generally not issued by any central authority. Theoretically, this renders them immune to government interference or manipulation.
The advantages of cryptocurrencies include cheaper and faster money transfers and decentralised systems that do not collapse at a single point of failure.
The disadvantages of cryptocurrencies include their price volatility, high energy consumption for mining activities, and use in criminal activities. In the case of price volatility, it is advisable to seek the advice of experienced and professionally trained cryptocurrency traders before making any investment.
What is Cryptocurrency Trading?
Cryptocurrency trading involves buying and selling digital assets to make a profit. Unlike traditional currencies, cryptocurrencies are decentralised, meaning that they are not controlled by any government or financial institution. Instead, they are based on blockchain technology, which records all transactions and ensures that they are secure and transparent.
There are many different types of cryptocurrencies available for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), BNB (BNB) and more. Each cryptocurrency has its own unique features and benefits, and so it is important to do your research before investing.
Factors to Consider When Investing in Cryptocurrencies
When trading cryptocurrencies, there are several factors to consider. These include market volatility, liquidity, and security.
Market volatility refers to how quickly and dramatically the price of a cryptocurrency can change. Cryptocurrency prices can be highly volatile, meaning that they can fluctuate rapidly in a short period of time. This can make it difficult to predict price movements and can result in significant gains or losses.
Liquidity is another important factor to consider when trading cryptocurrencies. Liquidity refers to how easily a cryptocurrency can be bought or sold without affecting its price. High liquidity cryptocurrencies are easier to buy and sell, while low liquidity cryptocurrencies may be more difficult for a forex trader to exchange.
Finally, security is to be considered when trading cryptocurrencies. Because cryptocurrencies are decentralized and not controlled by any government or financial institution, they can be vulnerable to hacking and theft. It is important to choose a reputable crypto exchange and to store your cryptocurrencies in a secure wallet.
Here is why there is no real loss in Cryptocurrency trading
Take for instance:
You buy 1 pair of shoes at $20 dollars, with the aim to sell for $30.
Just immediately, the general value of the shoe depreciates all the way to $15.
The question is, have you lost the shoes? NO.
Did the value of the shoes depreciate? YES.
What do you do to quickly get back into profit?
You either wait for the value of the shoes to appreciate to your cost price or even higher so as to make profits, or you buy 14 more pairs of the shoes at that cheap price of 15 dollars,
Sell with a 1 dollar increment in value, where your profits now equate to 15 dollars (for 15pairs), and you will make your target profit – in shorter time.
This is exactly how spot trading works; you buy actual commodities in the financial market and make profits from price fluctuations.
One major challenge that many people have is how to trade the market. Many spend so much money trying to do this, to no avail.
Beautifully, we are in a computer age and Artificial Intelligence (AI) era where there are trading bots – Artificial Intelligence Bots – that help unprofessional and professional traders trade in the crypto spot market and make profit daily.
You absolutely have no fear of loss with the bot because on activation, your exchanger is set to ‘no permission for withdrawal’ from your account.
The Bot is a software robot created to read and trade on the world’s largest Exchangers, BINANCE or HUOBI EXCHANGE. BINANCE and The Bot are two different platforms. All you need to do is connect your BINANCE exchange API to interact with the bot. Binance and Huobi Exchange are two of the world’s largest and most trusted crypto exchangers.
When you subscribe to the bot at a fee of around $120 to $150 per annum, the Bot does the auto trading on Binance; the ROI of the investor would, however, depend majorly on their capital aside the annual subscription.
Your capital is 100% safe, and this is because the client does not need to deposit the trade capital to the Bot. Your hard-earned money remains in your Binance account; hence you do not lose control or access to your funds at any time.
Binance allows the Bot connect to the API; it is able to read trades and complete Buy and Sell PROFITABLE TRADE ORDERS AUTOMATICALLY WITHOUT HUMAN INTERVENTION. You can make 15-50% of your trading capital monthly and amazingly, you can make withdrawals any day and any time.
More so, you save the time usually spent on market analysis and technicalities.
People makes $50 to $200 everyday depending on their capital and market situation.
Remember, the safest way to earn and not lose in cryptocurrency trading is to seek the services of an experienced and professionally trained cryptocurrency trader with a track record of consistent profit-making in trading. Ultimately, ensure you get God involved through prayers before making any investment. 2 Timothy 1:12. …For I know whom I have believed, and am persuaded that he is able to keep that which I have committed unto him against that day.
For any further enquiries and how to get started in cryptocurrency trading, feel free to reach out to me.
Carolyn Chris, born in North Central Nigeria, is an Educationist (Sciences), Network Marketer, Crypto trader, Skincare Therapist and Maths Expert (NMC Award winner).
Carolyn is a resilient go-getter determined to explore the best in her areas of specialisation. As a result of this, she stood out in her secondary level academics, earning her a post-school medal award at the National Mathematics Center, Abuja.
She earned her first degree from Kogi state university, beginning her studies in Chemistry Education in the year 2017 and graduating in 2021.
In the quest to gain more knowledge, explore her strong mathematical skills, and amass wealth such as will impact the world at large, she decided to acquire a high-level income skill in the digital world, starting from the year 2014, and gain mastery over the years till date.
She is currently a Network and Affiliate marketer as well as an experienced professional crypto trader.
She has gained a 2-year experience in the educational sector as a Mathematics teacher, helping schools with certain challenges scale through with excellent results.
Her passion and love for God’s work has driven her to engage in more functions in the religious sector.
She volunteered to serve as a Finance/Partnership staff in the Loveworld Campus ministry throughout her years in the University.
With the experience gained from the aforementioned, she went ahead after school to serve for 2 years in a higher office at the Loveworld Zonal ministry centre, Port Harcourt, as an Administrative Assistant.
She is the Founder and Managing Director of the skincare brand, Lync Skincare, which specialises majorly in the production and sales of cosmetics products.
Carolyn loves to sing, teach, play games (as a form of mental exercise), and loves cooking.
