This is as much about Bitcoin Up as it is about the Bitcoin revolution. If you are here, you have probably heard people talking about Bitcoin or other cryptocurrencies, and the potential that the market has.
It's that potential that has caused so many to already get into Bitcoin trading just like you are considering doing now. You may already know this, but one of the fundamental things you need to understand is that regardless of the potential, nothing is guaranteed.
Investing is a delicate balance of risk versus reward. Both these things tend to move at the same rate. In other words, the lower the risk, the lower the potential reward tends to be. Similarly, the highest risks are synonymous with the highest potential rewards.
Nevertheless, you are likely very interested in how this whole trading thing works, and more importantly, what role Bitcoin Up place in the whole equation. All this information and more is below! Let us also take this opportunity to thank you for considering our product!
Technically, the Bitcoin trading machine goes on, regardless of the number of trading apps that may enter or leave the market. Therefore, the onus is on the developers to ensure that each system brings something to the market that potential traders can benefit from.
Bitcoin Up May not be the first Bitcoin trading application to hit the market, but it is certainly one of the most effective and functional. Effective in this sense means the ability to use industry-leading analytical tools to provide you with the best insights possible in the trading arena.
How you use this information is up to you, but it is no different from the data that many of the professionals in the field spend a very long time compiling. It's the automation that the platform offers here, which allows its users to capitalize on an informational advantage.
When your signup is complete, we also offer you a broker instead, if you are so inclined. You make an initial choice to either go with the broker or use the application on your own.
This selection, of course, is based on a host of factors including your trading style and your risk profile. We believe that our system needs to be tailored to its user base as much as it is specially designed to support the cryptocurrency trading market.
One of the biggest Bitcoin Up selling points is its ability to accommodate a host of different traders at different experience levels. Are you just starting as a trader? Have you been trading for some time but there is still a lot left for you to learn? Have you spent so long with trading that you are sure you've mastered all its intricacies?
Regardless of where you stand, we are certain that our platform can accommodate you effectively. It's all about walking the delicate balance of making things accessible enough for the most inexperienced of beginners, while ensuring that functionality can get granular enough for the most advanced in the Bitcoin trading world to feel that the system has value to them too.BECOME A MEMBER TODAY
The general principle of trading means attempting to obtain and pass on an asset in a profitable manner. Stock trading, which is one of the most basic to understand, applies this principle where traders attempt to buy shares for low prices and sell them for higher ones.
Bitcoin trading works on the same basic principle, but there are differences in how it is applied. That's because much of the “trading” that takes place happens without ever owning the asset. Instead, traders speculate on Bitcoin price movements.
Of course, buying Bitcoin and attempting to sell it to the next person profitably is still a viable way to get your trading done. However, more traders are getting involved in the price speculative version, which allows them to capitalize to the greatest degree on Bitcoin’s volatility.
The key to trading successfully is understanding the shifts in bitcoins prices and the potential factors that can lie behind them.
Bitcoin supply is the first and most obvious. There are 21 million Bitcoins in existence. The developers intentionally kept the total this way. Projections indicate that all the coins are expected to have been acquired by the year 2140.
The finite supply introduces responsiveness to factors, such as demand and supply. Should demand decrease, then the price is likely to go down. However, when demand increases without a move in supply, each coin becomes more valuable.
Other happenings play a part too. Macroeconomic unknowns, security breaches, and even regulation changes can affect the way how people view Bitcoin and their willingness to do business with it. Of course, the volatility factor means that it responds to all these changes.
The level of integration is also another element to consider. Naturally, the more usable a currency is, the more people are going to be willing to acquire and use it. Bitcoin has come a long way where support is concerned. It stands to reason, therefore, that if it should be accepted as a payment option in more places, that would lead to increased demand.
Media coverage also severely affects Bitcoin both positively and negatively. One unfortunate example is any potential exposition of security or configuration flaws can have a detrimental effect. Additionally, if there should be any public speculation or inclination that Bitcoin is no longer viable, the price can take a hit. On the flip side, if industry experts or well-known personalities begin to endorse Bitcoin, you may notice that its value increases.
Upon understanding the factors that lead to Bitcoin price fluctuation, you then need to choose your strategy and trading style. Among the most common are trend trading, Bitcoin hedging, or day trading.
With day trading, you are never going to be open to overnight Bitcoin market exposure. You aim to open and close a position in one day.
Trend trading is different, as you are going to be making your decisions based on whatever the current trend looks like. So, you may sell short in a bear market, while you may buy long in a bull market.
Bitcoin hedging is a bit of a safety net in the sense that it minimizes your risk. So, you may open your Bitcoin investment to buy long. Unfortunately, a price decline may see you entering a stage of loss. To minimize the amount of loss, you may enter a short trade.
Ultimately, you lose, but you did not lose as much as you could have. The Bitcoin hedging strategy is not always reactive, which means you can still potentially gain from it.
As indicated before, a trading app is not a prerequisite to taking part in the Bitcoin festivities. You could completely trade without Bitcoin Up or any other application on the market. The question though is, how advisable is trading on your own?
Some people manage to pull it off, but this is the exception and not the rule. Think about construction and hammering nails into walls, for example. Imagine that your entire job was to take 100 nails a day and hammer them into walls.
What would that look like going to work with a hammer versus going to work with a rock? You can get the nails into the wall using a rock, but it would be an incredibly tedious and frustrating process. Additionally, it may not always work, considering you may end up breaking your rock on a nail. Imagine if that nail is the first one you tried to knock into the wall.
We can compare trading in the absence of a trading app to such an example. The app equips you with a host of tools that make the trading process more likely to succeed. Even with a hammer, there is no guarantee that all 100 nails are going to go in flush.
However, you would have greatly improved your experience and probability of success. That's what Bitcoin Up gives you. It's the metaphorical hammer that allows you to hit the nail of trading.
The biggest value of a trading app is in the information it provides. This data guides the decisions you make in the Bitcoin trading market. You are using a platform that is designed by experts who intricately understand various analytical and projection-type techniques that can be used to great effect to help make informed and solid trading decisions.
Bitcoin Up even sweetens the pot by allowing you to choose to work with a broker instead of the application, making for a solid alternative. The broker is still on your side and has a lot of industry experience to recommend the best courses of action to take in the market.
Even at the advanced level, market insights play a huge part in what you do. You are not going to be guessing and trading without considering anything. Instead, you are likely going to do a lot of research, analysis, and thinking to compile some information that forms the basis of what you do.
So, what if that part of the process were automated and the resulting information was just as relevant?
If you're interested in using Bitcoin Up, how do you sign up? Well, this is one of the easiest parts of the system. We understand some signup processes are incredibly prohibitive because of the way the information is provided or the sheer amount of data required.
Our philosophy is that we only need to be able to identify who you are, know that you are legitimate, and allow you to trade. Any information that is not necessary for any of these three things is information we don't need.
To that end, the sign-up form requires a few fundamental pieces of personal information, including your name, email address, and physical address. Once you are finished, then you can agree to our terms and submit the information you have entered.
Though you must agree to the terms laid out to use the application, we would not want you to make that decision blindly. Never put your money into anything you don't have all the details of.
Our application is going nowhere soon, so we implore you to take the time to review our terms before hastily jumping in. With that out of the way, you are sent a confirmation email to activate your account.
Account activation is followed by funding. There is a $250 minimum deposit required to get started. The keyword there is minimum, since you can choose to make an initial deposit much larger than that if your risk profile and affordability status allow for it.
Before you start trading, you are contacted by one of our specially selected brokers. This point is where you are offered the choice to have all your trading done through the broker or be given the application to use instead.
As you choose which is appropriate, remember to consider the amount of time you have, your risk profile, your level of experience, and your trading objectives.
Following that decision, you simply start executing trades using the appropriate method for the broker or app.
Security is a legitimate concern for anything internet-connected these days. It becomes even more important when finances or personal information is involved, which is the case with Bitcoin Up.
So, what guarantees do we give you? Well, you already know that we don't collect much information about you. However, the information we do collect resides in a secure database. It's never published or sold for any reason.
As far as the application itself is concerned, all connections are encrypted. This goes double for our payment gateways. We cannot risk malicious entities either interfering with or even getting access to any of the data in transit.
Additionally, we even encrypt data at rest, for a comprehensive security solution.
There are two major reasons why you'd want to invest in Bitcoin. One applies to investment in general, while the other is unique to cryptocurrency.
The general application is the potential. Saving and the amount that saving can bring you is all but guaranteed. You are not going to lose anything beyond financial institution charges unless there is a security incident. However, you also never gain anything.
With investment, what you have is not guaranteed. For all you know, you could invest today and lose it all tomorrow. However, that high risk is balanced by the probable rewards which go far beyond what saving could ever achieve.
The specific application speaks to the nature of what Bitcoin is. It's decentralized and doesn't depend on any financial institution. Additionally, its potential remains to fully be seen, and the interest in it makes it a viable investment option.