Bitcoin: Secrets Of Profitable Trading

Bitcoin: although this currency is virtual, many people earn and have already earned real millions of dollars thanks to it. More than 1,000 people have become owners of fortunes with six, seven, eight zeros, and five people have become billionaires. Moreover, one does not need to work until a very old age: according to Forbes, the average age of crypto millionaires is only 42.

The past (2010-2019):

Turning 11 dollars into 1,000,000

On May 1, 2017, one bitcoin (BTC) cost 1,600 US dollars, and on December 10 of the same year, it was already worth almost 20 thousand! Or rather, 19.187 dollars. It is easy to calculate that the owners of this cryptocurrency were able to make a profit of 1100% in eight and a half months. The events of the next 2018 were called by NVIDIA CEO Jensen Huan by an apt word "crypto hungover", and the well-known financial strategist from Wall Street Tom Lee called them "crypto winter". The price of this virtual currency quickly flew down and, a year later, on December 9, 2018, it reached its low of 3,215 dollars, "shrinking" six times.

Various forecasts had been given for the past year: from a complete collapse of Bitcoin to the rise to the $100,000 mark. And now we can call the exact figure – this main cryptocurrency cost $7,200 per coin at the end of 2019, having risen in price more than twice in a year.
"Bitcoin, despite all the rate hikes, rose by 110% in 12 months, - says the NordFX broker leading analyst John Gordon, - the S&P500 index rose by 22.8%, and gold added 19% over the same period. The average yield on dollar bank deposits is only 0.5-1.5%."

According to CNN calculations, Bitcoin is the most profitable asset in the last 10 years. 1 dollar invested in this cryptocurrency at the beginning of the decade is now worth $90,000. This means that if one invested some 11 dollars in BTC in 2010, now they could become a millionaire. And although the stock market has been under the influence of bulls all these years, other assets fade in comparison with Bitcoin, - $1 invested in the shares of American companies turned into $3.46. This may be an impressive growth for the stock market, but for the crypto market, such results are insignificant, just compare $90,000 and $3.46.

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Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is ...

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Sunil Tinani 1 month ago Contributor's comment

C'mon. What's the secret you have revealed - that the best thing to do is to trade Bitcoin with your firm? This is a promotional article.

Barry Hochhauser 1 month ago Member's comment

I'm as disappointed as Sunil.

Moon Kil Woong 1 month ago Contributor's comment

If you are going to buy Crypto Bitcoin is the way to go. That said, eventually something has to be done about these as it is well known north Korea is one of the biggest players in these along with drug money etc. The run up so far is not likely to be repeated and the risks are huge including losing your keys or having them stolen. It is not a simple investment but is worth it if you are very active and very cautious.

Anne Barry 1 month ago Member's comment

I had thought North Korea banned cryptos?

Moon Kil Woong 1 month ago Contributor's comment

North Korea's government is the biggest single player in cryptos besides mining although it's hard to get accurate figures on it. Sadly it's still knee deep in dirty money and laundering.

Anne Barry 1 month ago Member's comment

I had no idea!