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Bitcoin General

Will Bitcoin Go Up Again?

Is there an upcoming trend in bitcoin? How much will crypto coins grow this 2020?

Some experts believe it has already started. Brian Armstrong, the founder of Coinbase, sets the prediction at 20K by the end of the year. John McAffee expects bitcoin to rise well over a million.

This October, the billionaire Peter Thiel invested over $20 million on new bitcoin mining technologies. Aside from these events, the global economy could influence as well. Here, Adam Back explains how USD inflation could raise the bitcoin price even more.

What makes this year different? Why are influential people getting into crypto precisely now? Do they now anything we don’t?

Bitcoin has generally gone up since 2017 despite the 2018 spike. But what if we in front of a new one? Most investors expect bitcoin to skyrocket even beyond the boom of 2018.

Will Bitcoin Go Up Again?

For new investors, these price changes are an opportunity. Once it goes up, it will be too late to get in, so how should you prepare? What’s the risk and reward of crypto?

The first clues of bitcoin growth came up this October. At this moment, Bitcoin grows at a rate of 20% per month. Although it reaches high values from time to time and bounces back, the price still goes up. We’ve seen this happening since December 2018.

Even if there was a crash, past records suggest it will get back up. Now that it’s accelerating, there’s not much time to reach. When will the explosive growth happen? You should expect it within the first half of the year.

What do crypto investors know about bitcoin?

Will bitcoin go up again? How can John McAffee be so confident about the trend? Until today, we’ve mined over 18 million bitcoins in total. By the end of May, the number could reach 21 million, which is the hard limit set.

Of course, value increases lead to a slower production. But what will happen once we reach this cap?

There’s no governance system to regulate cryptocurrency. Will we just stop producing more coins? Could we set a new production limit?

The final decision will depend on the crypto community consensus. Regardless of the result, this event would globalize bitcoin. More and more countries could recognize it as a real currency. World-class brands would use cryptocurrencies as the primary format.

In a few words, this could cause a dramatic increase in bitcoin. Here is where John McAffee’s prediction starts to make sense.

Now, this doesn’t deny the usual ups and downs of the market. Once the major event happens, investors will have little time to react before it goes back down and regulates.

When the value goes far beyond the expected “ceiling,” you should expect it to stabilize. For smart investors, those few days are more than enough to meet such an opportunity.

Final words on Bitcoin Potential

Bitcoin has grown slowly but surely despite occasional spikes. While most crypto coins are volatile, this one is the most stable. This consistency may be indicating the market “floor,” so Bitcoin is about to go up.

No matter how much evidence we gather, there will always be uncertainty. Luckily, today’s investors can prepare better for potential growth.

We saw a similar trend in 2018. What made Bitcoin go up, and how does it relate to 2020? Could we find patterns in other coins like Ethereum? If you connect the dots, you may find your opportunity before it’s too late.

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General

Trading Bitcoin: 3 Ways To Multiply Your Profits In The 2020 Boom

How can you trade Bitcoin?

In 2020, cryptocurrencies have become the new trading trend. There are bigger opportunities. Should you join the game?

Trading bitcoin can multiply your income dramatically, even with a small amount. It’s a passive income stream based on strategy.

How can you make money with bitcoin? How long will it take? All comes down to a balance of risk and reward.

There is no right answer because we don’t know how important both variables are to you. Depending on your strategy, you could get decent returns from one to six months. Here are three ways you can choose to trade bitcoin.

#1 Buy And Hold

One of the broadly used tactics is to buy and sell bitcoin. Although it’s not the fastest way to make profits, it has low risk and is 100% passive.

Remember that cryptocurrencies are more volatile than average stocks. Because values change faster, there is more opportunity for new investors.

That’s why buy-and-hold works better with bitcoin. You could put $1000 today and get $1500 a month later. Of course, It requires you to do research and know the right timing.

If you learn when to buy and sell bitcoin, you can get unlimited upside with a reduced downside. Although there’s always a risk, you’d win more often than you lose.

#2 Lending Bitcoin

There’s a way to invest in companies using bitcoin and generate returns from day one. The process is simple: research the company you want to invest, send your bitcoins to that account, and the money will work for you.

It’s critical to understand your monthly returns. The more the company grows, the sooner you will pay off the initial amount.

Once you deposit an amount, it blocks for a number of months. Every day, you get a percentage based on your investment, depending on the average company growth. As a result, you get both the deposit and the earned interest.

Of course, you don’t need to wait that long. In most wallets, there is a feature called “compound interest.” It will reinvest your percentages to the first deposit. This will speed up the process and increase your income.

Here, the risk comes down to research. Do you trust the company? What are their track records? Can they get results consistently?

#3 Day Trading

In business, you can improve your skills to get better results and increase your income. Although it takes time and risk, it’s the fastest way to make good returns.

Day-traders know the ins-and-outs of their careers. They train skills such as pattern recognition, emotional intelligence, or mass psychology.

Due to the complexity of predictions, people have lost more money than what they’ve earned. However, this should stop beginner investors from learning more about day-trading.

Final Thoughts Of Bitcoin: How To Trade

There are dozens of ways to trade bitcoin, but these three are the basic strategies. The more you learn about your investments, the more money you can make.

When trading, remember to unattached from the process. Billionaires suggest acting as if you had already lost your money. The best way to reduce risk is to set an amount you don’t mind losing.

The most successful traders use to say: If you are not confused, you don’t know what’s going on.

No person or software can predict the future because it depends on variables we don’t control. Luckily, we control our decisions, skills, and knowledge. Those who stay for the long term always find a way to make it.