Tag: bitcoin

Finance

Different Ways of Shorting Bitcoin or Other Cryptocurrencies

Diana Ramirez

Learning how to short bitcoin or other cryptocurrencies can be rewarding. Shorting is a form of trading where you buy an asset and then sell it before the first trade has been settled. It means that if the value of bitcoin decreases, your position will turn into a profit. Shorting does come with some risks, so you should be careful which assets you are shorting. In this blog post, we will explore different ways of shorting cryptocurrencies like bitcoin or other altcoins!

Margin Trading

tradingThe advantage of margin trading is that it allows you to amplify your profits if the market moves in your favor. However, margin trading also comes with a lot of risks. Currently, no exchanges offer margin trading for cryptocurrencies as they do with traditional stocks and forex pairs, such as Bitfinex or Kraken.

However, some cryptocurrency exchanges let you borrow funds from other users to short bitcoins and altcoins. It works just like lending money on a credit card. You will need to put up the initial margin for the trade, and then you will be able to borrow the rest from other users on the exchange.

Futures

Another way to short bitcoin and other cryptocurrencies is through futures contracts. Futures are agreements between two parties to buy or sell an asset at a specific price on a future date. The beauty of futures contracts is that you don’t have to own the underlying asset to trade them! You can go long or short without ever having to take delivery of the purchase. Bitcoin futures contracts are available on a few exchanges, such as the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). To short bitcoin using futures, you will need to margin-trade them.

CFD Trading

CFD trading is another way for shorting bitcoin and other cryptocurrencies. CFDs, or Contracts for Difference, are derivatives that allow you to trade an asset without owning it. You agree with the broker to buy or sell an asset at a specific price on a future date. You can do it through a regulated exchange, such as eToro, or a less regulated broker. Some cryptocurrency exchanges offer CFDs for different cryptocurrencies and tokens. For example, on Avatrade, you can trade bitcoin against ripple (XRP) and NEO. It makes it easier to short altcoins than dealing them directly!

Binary Options

graphicBinary options are another way for shorting bitcoin and other cryptocurrencies. Binary options are trading instruments that only pay a fixed amount, whether you win or lose your trade. It makes it easier for beginners to understand how binary options work! To short bitcoin and other cryptocurrencies with binary options, you will need to find a broker that offers them.

We hope this blog post has been helpful! So, what are you waiting for? Start shorting bitcoin and other cryptocurrencies today!…

Investment

Investing Your Money in Bitcoin

Diana Ramirez

Investing your money in something is one of the most significant decisions you will ever make in your life. Whether you use it for a business venture, invest it in the stock market, real estate, or even cryptocurrency. Bitcoin Trading is one of the cryptocurrencies that has been around for years. Bitcoin started to sell for $140 only, and it hits approximately $18,000 right now. People are now struggling to cash in on bitcoin, and they wonder if it will go back up and proceed to rise. There are many things that you need to know if you want to enter the bitcoin world.

Diversify Your Portfolio

investments

Any smart investor will advise you to have a very diverse portfolio when you want to start investing your money. And you do not have to exclude investing in cryptocurrencies. There are various types of cryptocurrencies other than bitcoin, and they are investing in those too. It is a wise move to invest in diverse areas other than sticking to the stock market and real estate. And as the digital world evolves, it can be advantageous to invest your money in cryptocurrencies such as bitcoin.

Keep Your Portfolio Strong

coinsCryptocurrencies might be a trend right now, and who knows, maybe it will go down in the future. We all know that cryptocurrencies are still rising to this very moment, but the stock market and real estate have been very constant in the past years. Having a strong investment portfolio can be beneficial for you. A solid portfolio should consist of various investments in different areas; the stock market, real estate, and cryptocurrency should be included in your investment portfolio. It is a smart decision to invest in every sector since no one knows what will happen tomorrow. This applies to other investment options other than cryptocurrency.

Take the Risk

We all know that cryptocurrency is a digital alternative for money, and we use technology to access it. The main problem with this is that it can be hacked easily. Since almost everything right now has its digital alternative, hackers leveled up their game too. They use various technologies to hack into someone’s account. And cryptocurrencies can be their main targets since it involves a massive amount of money. If you truly want to invest in bitcoin, you should accept that there is a risk for entering this world. Take that risk, and maybe your investment will flourish. As the old saying goes, you’ll never know if you never try.…

Finance

Converting Bitcoin to Your Bank Account

Diana Ramirez

The technology in finance is getting advanced with bitcoin running around the virtual world. Its value is worth more dollars, making people praise them as the money of tomorrow. Unfortunately, not many sites accept the use of bitcoin. The problem is that many people are somehow still afraid of some possibilities after they read bitcoin future reviews. The point that needs to be highlighted here is whether it would still hold the value after a long time in the future. The good news about bitcoin is you can convert them to functional currency and get promising cash in return. All you can do is trading the bitcoin in the internet market and wait for an interested customer. The virtual market can help to convert your bitcoin to a dollar and transfer the money directly to your destined bank account or digital wallet. Not sure if it works? Then you have to check out the process of the conversion below.

Conversion Service Selection

bitcoinFirst, you have to evaluate the costs provided by different conversion services and choose the best supplier. With the improvement of the overall bitcoin conversion rate, many conversion companies offer different conversion rates. If you can find a service provider with a higher price to exchange one of your bitcoin, of course, you want to choose them. However, never forget to check the charges fee from the conversion service. Evaluate and verify the term and condition of the service before you get tempted to proceed with the transaction. After all, you want to get the most of your bitcoin with the lowest commission fee.

Besides the exchange rate and commission fee, ensure that their service is authenticated from the testimonials of the customer in the review site. Also, check if the URL uses HTTPS instead of HTTP and enable two-factor identifications. Another thing you need to confirm is the short period of transfer time. It can be for two days or two hours at the fastest service. 

Bitcoin Registration and Upload

Of course, you have to register your account with your personal and bank account information. For the bank account, you can use online payment services like PayPal or others as your destined place to transfer your bitcoin conversion. However, you have to choose the ideal security options when you sign up for your bitcoin marketplace account. Two-factor authentication from inserting a password to a randomly generated code delivered for your mobile phone would be the least security you need to use. However, enabling a multi-signature option for every approval for the transaction process would be useful to protect it from virtual theft and hackers.

If you have made a secure account, the next step is to deposit your bitcoin. There is a specific mechanism to store it, and you can follow the instruction on the site. Do not feel reluctant to contact technical support if you have a problem with depositing your bitcoin.

bitcoin and dollar

Bitcoin Selling Process

Before deciding to sell the bitcoin, always check the current exchange rate. It is useful to ensure you get the most out of your bitcoin when you sell it. Then, deliver your bitcoins and promote it in the marketplace. The way you market your bitcoins may vary depending on the market. In almost all cases, you can click on Sell your …