Cryptocurrency is a technology for making digital currencies that use cryptography for security that makes it impossible to forge. The price value of cryptocurrency is largely determined by the buy and sell power of these technology users. Cryptocurrency or digital currency technology is currently very vibrant developed by various companies and team engineers in various parts of the world. Even Google Ventures also invests in one of the Cryptocurrency technologies. There have been more than 500 cryptocurrencies created based on coinmarketcap.com. Some cryptocurrencies have different concepts and some have concepts that mimic other coins.
Since the base value of pure cryptocurrency based on buy and sell power is not guaranteed by anything, cryptocurrency is often less than 20% in a day that can actually be used to trade for profit! Especially because in Bitcoin.co.id the cost of trading cryptocurrency is 0% - pure barter.
How to Trading Cryptocurrency?
The simple way is basically there are 2 ways:
Buy when cheap and sell when high
Buy when you see an opportunity to rise and sell when the price is higher than the purchase price
What is Altcoin?
Altcoin is a term for cyptocurrency aside from Bitcoin, the acronym of Alternate Coin.
How to get money from Altcoin?
Altcoin has up and down prices that are more than Bitcoin. Here are the steps to take advantage of Altcoin.
First you must redeem your Rupiah with Bitcoin. I highly recommend Bitcoin.co.id because its service is safe and reliable. After that you have to forget about the amount of rupiah currency that exchange. You have to stick to the amount of Bitcoin you have (eg 5 BTC capital). Your mission in trading Altcoin is to Increase Your Bitcoin! (remember not multiply your Altcoin)
Please trade Bitcoin with ALTCOIN (barter). Every time you trade in Altcoin and earn profit then your Bitcoin will increase. At the end of each month please reduce the amount of Bitcoin you get with your initial capital. That is the income you earn. Unless you are interested to increase your initial capital
After getting the Bitcoin difference earned then sell Bitcoin in the market and you will get Rupiah Money for your family's shopping!
In doing Altcoin trading there are some things that we should pay attention to:
Altcoin is similar to stock, we must understand that altcoin has its own developer / group profile. Learn who's behind him and his credibility.
Each group of developer founders must have the Altcoin in large quantities and if the founder sells altcoin it is likely that the price will drop shortly because a large supply will flood the market. Usually this will be followed by a big chance increase afterwards.
Learn how the altcoin system is made and its long-term prospects. follow Warren Buffet's suggestion in this case "Invest is where you think it makes sense" if the system is reasonable and has a long-term chance it is likely that the value will go up even if not now. So you do not need to cut loss (sell below the purchase price). I suggest one of them try to look at the Ripple system to see one altcoin that has long-term opportunities and a great future concept - an altcoin powered by Google Ventures.
Altcoin's new outbound and newly greeted market is likely to experience extremely unreasonable increases (such as darkcoin from a few dollars to 30rupiah per 1 darkcoin less than 1 month)
Forget the altcoin that the market does not welcome. Remember the key of all altcoin values is market power. And remember as an altcoin trader if you are not Altcoin believer! If you feel there is no longer a future in Altcoin it is likely that altcoin will return to its original value (ie close to 0). Cut loss now rather than regret behind the day. Move on and look for more quality altcoin.
SHIT HAPPENS SOMETIMES.
The price of Altcoin's movement is influenced by the global market and therefore alert also with the movement of international prices that can be monitored through external price,
Hopefully this guide and tutorial can help traders especially those who are new in Cryptocurrency world.