These days it’s impossible to read any articles about the market without seeing something about trading Bitcoin. Individuals and businesses alike are drawn to Bitcoin trading, and it’s an exciting endeavor for many investors. What makes Bitcoin unique is that it’s an all-digital cryptocurrency. The currency first started in 2009, so it is relatively new in the world of trading. Since 2009, investors have been studying Bitcoin and learning as much as possible about its patterns and behavior to make the best decisions when trading. At Back to the Future Trading, we have developed a Warp Predictive Software to help investors project when the market moves and when the best times are to trade. Our unique algorithm looks through historical data and extracts information that would otherwise go unseen by the human eye. This software is an extremely powerful tool that is now available to retail traders. Whether you are new to the Bitcoin market or a seasoned trader, this software can help you make money. Take a minute to learn more about Bitcoin and how Warp Predictive Software can guide you during your trading journey.
What Exactly is Bitcoin?
The terms “bitcoin” and “cryptocurrency” are frequently thrown around, but what do they actually mean? Bitcoin is all digital, meaning there is no central bank or central administrator. On the surface, the idea of a Bitcoin or digital currency can seem a bit complex. But truly, anyone can take part in this experimental new currency. According to bitcoin.org, “Bitcoin is the easiest way to transact at a low cost.” With Bitcoin, all users have a “wallet.” It is up to each user to make their wallet as secure as possible, just like you do with a physical wallet. Users should also be aware that Bitcoin pricing is volatile, making it a high-risk asset. As a result, putting your life savings in Bitcoin at this point is probably not a good idea! A Bitcoin payment cannot be reversed unless the receiver issues you a refund. Thus, it’s crucial that you are only doing Bitcoin business with people or institutions you 100% trust.
So what does one buy with Bitcoins? Good question! Bitcoins can be exchanged for other currencies, as well as products and services. Even though Bitcoin is a fairly new type of currency, most states require you to report earnings on your tax statement. Bitcoin.org gets into further details about Bitcoin transactions, including the block chain, private keys, mining, and more! If you are interested in getting started, visit Bitcoin.org and learn everything you need to know.
Investing in and Trading Bitcoin
According to investopedia.com, there are some things that a Bitcoin investor needs:
- A cryptocurrency exchange account
- Personal identification documents
- Internet connection
- Method of payment (i.e., bank account, credit card, etc.)
Investors can purchase Bitcoins from services like PayPal or Robinhood. They can also invest in companies that report Bitcoin on their balance sheets as an indirect investment path.
As mentioned above, Bitcoin is very volatile, meaning the value is constantly changing. So how does one know when to buy and when to sell in order to see a good return on investment? The best course of action is to work with a trading company like Back to the Future Trading. Through consultations with our advisors and the use of our Warp Predictive Software, we can help you figure out the best times to buy and sell Bitcoin.
Warp Predictive Software
Our software formula is based on a century-old methodology from WD Gann. Gann stated: “Time is the most important factor in determining market movements, and by studying the past records of the averages of individual stocks you will be able to prove for yourself that history does repeat, and that by knowing the past you can tell the future.” Thanks to modern technology and complex algorithms, our Warp Predictive Software does just that: it allows you to look at the past to understand the future. Our software is the only one in the world that scans historical data identifying past swing candles over time. After scanning thousands of data points from the past, the software creates a predictive timeline that allows investors to understand when the best times to buy and sell are. Investors can also pick the size of swings and zig-zags for the program to analyze to further curate the data. Warp Predictive Software has the ability to look at various trading instruments, including Bitcoin. Users can go in and update preferences to get the exact data they want to help them make the best investment decisions. Based on the parameters you choose for the software, it will produce the times that you should close all your Bitcoin positions. The software allows you to be flexible with defining your own risk management strategy when trading Bitcoin.
Bitcoin and cryptocurrency are the way of the future! Get started now by investing in and trading Bitcoin to make a profit. As with any kind of investing, there is a learning curve when it comes to Bitcoin. At Back to the Future Trading, we are here to help you through those growing pains to learn all about Bitcoin and see a positive return on your investment. Our Warp Predictive Software is one of the best ways to create highly accurate predictive timelines, so you know when to buy and sell. For more information about our software, check out our weekly webinar and take our free video demonstration.