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Binance Bitcoin General

How To Exchange Bitcoins To USD

Have you made money with Bitcoin? Great! Now it’s time to convert those coins into real currency, like USD.

Google “Bitcoin to USD,” and you will find dozens of exchange websites. It’s the most popular pathway out there.

For smart investors, this method is inefficient. Every time you move your money, the platform charges a fee, which makes active investing not viable.

Sure, you could buy and hold until you get the right timing. But there’s still a delay since you request until they make the transfer. By the time you convert to USD, the value will be different.

Then, what’s the solution?

You’re in luck. There are three methods for your choice to reduce costs. Today, you can exchange Bitcoin almost anywhere with a crypto wallet.

Bitcoin to USD – How To Exchange It Online

Apart from brokerage websites, you can trade with investors who are just like you. Although it’s not the fastest method, it will reduce transaction fees.

If you want to buy or sell right now, take a look at the top Bitcoin exchange platforms. For an extra cost, you’ll transfer funds in less than 15 minutes.

Like BTC-USD, you can convert Bitcoin to other altcoins, diversifying your investment. When you move larger amounts, always look to keep fees as minimal as possible.

For this reason, Binance has over a million users. For crypto exchanges, it charges 0,05%. Compared to Bittrex and Changely, that’s 500% cheaper!

Binance is the leading exchange app, which makes transfers fast and convenient.

You can use it to store your Bitcoins, convert them, and watch the crypto-market evolve in real-time, all at the same time.

The Most Efficient Way To Exchange Bitcoin

So you want to make as much profit as possible. The approach will change based on the game you play. Are you looking to make fast moves, or accumulate larger amounts? In other words, are you a passive or active investor?

Let’s start with the passive strategy, the most recommended model for the public. Once you save a big Bitcoin amount, you can do a peer-to-peer exchange. It’s slower but keeps fees as low as they can be.

Say you want to cash out 100$ worth in Bitcoin. In peer-to-peer, you find a person who wants to do the contrary, buy Bitcoin at $100.

There’re many sites to find trustworthy investors. You can either meet in person or trade online. You coordinate both payments, so you send Bitcoins to his crypto-wallet right after he pays the amount. Transfers range from ten minutes to an hour, but you save a fortune in fees.

As an active investor, you look for a balance between cost and time. Binance is perfect for this method. The cost is low enough to trade frequently and fast enough to get accurate sums.

If you day-trade, combine this method with the right trading equipment.

You can turn BTC into USD exchanging in countless of sites. The offer you choose will depend on your transaction volume and frequency.

Remember, you can lend the Bitcoins you don’t want to convert, so you make money from interests. You can always make your investment more efficient.

This post was written by Colleen Nguyen, freelance blockchain developer, Bitcoin trader and mother. In free time, she likes playing tennis, reading awesome books and wearing bitcoin shirts.

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Bitcoin General

Bitcoin Price History: How Much Has It Changed?

bitcoin price history

Bitcoin is attracting many new crypto-investors. Despite being volatile, it’s the most stable of the top 10 crypto-currencies. It’s been twelve years since the first Bitcoin exchange.

For the last 12 years, people have seen different trends. It changes so rapidly that it can be confusing to make a choice? When should you buy it? When should you sell?

Although the past doesn’t dictate the future, the market tends to repeat it’s patterns. Thus, you have the highest success chance if you understand the bitcoin price history.

How Has Bitcoin Gone This Far?

Bitcoin never stopped surprising investors. It’s grown steadily for most of the time. You can see on a graph it’s stayed on the same spot for many months.

The coin has never gone off the charts consistently. We’ve only seen it happen twice: December of 2017 and Jun of 2019.

For new players, it may seem like Bitcoin went big out of nowhere. The reality is, it never stopped growing. If we ignore the eventual spikes, we’ve never seen a negative trend.

In the worst case, Bitcoin bounced back from the market ceiling and kept the same value for long periods of time.

Then, what can we learn from its price history?

The Initial Price History Of Bitcoin

We’ve all heard it. “If you bought BTC in 2011, you’d be a millionaire today!” Like many others, Bitcoin was an emerging trend at that time.

The first stage you’ll see goes from the invention of Bitcoin until the first burst in 2017. It’s the first time people hear about cryptocurrencies in general.

Isn’t it strange? Until 2017, there weren’t any downtrends, counting from 2011. It was certainly the best to invest.

The reason for this is the popularity. Back then, BTC was in the Expansion Stage. Compared to 2020, nobody knew that Bitcoin existed.

In 2017, the crypto market got enough activity. That’s when we started to see the usual patterns of the financial game. The early birds, of course, made a fortune.

The Bitcoin Bear Market

Since 1900, bear markets have occurred every three to five years. When they come, these events last about a year. According to history, bear markets turned into 80% of the time.

What we’ve explained is what happened to Bitcoin next. After the “big crash,” Bitcoin started this negative trend. Prices weren’t going down, but neither going up. You could look at it as the market floor.

One year later, Bitcoin rises in the first half of 2019. Coincidental? No, predictable. At this point, investors have studied Bitcoin for eight years since 2011.

That’s more than enough to spot the long term pattern. Ignoring the spike, you see the slight upper inclination in the chart. That’s what we are experiencing in 2020.

Wrapping Up

For many reasons, investors prefer to stay away from crypto. They are popular for being the most volatile values in the market. But even if that’s true, you can still profit by studying its past performance.

Volatility is what makes it attractive for new investors. We love the idea of scoring a home run, even if the risk is notable.

All in all, Bitcoin remains stable and won’t go down anytime soon. No matter how much it skyrockets or crashes, the long term projection is likely to be good. Just like its history shows.

Related Links:

https://cointelegraph.com/bitcoin-price-index

https://cointelegraph.com/news/bitcoin-price-surpasses-9-700-to-hit-new-2020-high

https://99bitcoins.com/bitcoin/historical-price/

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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.