How To Trade Cryptocurrency
How To Trade Cryptocurrency
How to trade crypto currency
Learning how to trade cryptocurrency for profit is going to become the next wave of money making opportunities that will evolve in the cryptocurrency market space.
We have already seen massive profits been made in the first stage of this evolving new technology and the second and potentially more profitable second wave, is fast approaching.
Anyone wanting to learn cryptocurrency trading and wanting to discover which is the best cryptocurrency trading platform to use and how to trade crypto currency using a crypto trading software that identifies how to sell buy and sell Bitcoin using arbitrage, for instant profits, will not be disappointed with this cryptocurrency trading strategy and software solution that I am about to reveal.
First Things First
But, first let’s take a look at what’s going on in the crypto market space so we can best determine if this is the best strategy to employ.
In the past, people have often made definitive, concrete statements about up-and-coming technologies that have been proven to be totally incorrect. Let me give you a few of my favourite ‘definitive statements‘ that haven’t worked out too well.
1903: “The horse is here to stay. But the automobile is only a novelty — a fad.” — President of the Michigan Savings Bank
1946: “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, co-founder of 20th Century Fox
1961: “There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television or radio service inside the United States.” — T.A.M. Craven, Federal Communications Commission (FCC) commissioner
1977: “There is no reason for any individual to have a computer in his home.” — Ken Olsen, founder of Digital Equipment Corp.
1981: “No one will need more than 637KB of memory for a personal computer. 640KB ought to be enough for anybody.” — Bill Gates, co-founder of Microsoft
1981: “Cellular phones will absolutely not replace local wire systems.” — Marty Cooper, inventor
1995: “I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.” — Robert Metcalfe, founder of 3Com, inventor of Ethernet
2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO
Nothing New
Today, we are also seeing the same thing with Bitcoin. With definitive statements such as;
2017 “If you’re stupid enough to buy it, you’ll pay the price for it one day.” — Jamie Dimon, CEO of JP Morgan Chase
2017 “It is not a stable source of value, and it doesn’t constitute legal tender.” — Janet Yellen, former head, of the Federal Reserve
Then we watched, Bitcoin, in particular, soar by 2,000% during the latter part of 2017, hitting an unimaginable peak of nearly $20,000, before finally losing steam.
But Then…
Granted, since the peak, of January 2018, the total value of the cryptocurrency market has plummeted more than 70%, from around $835 billion to $243 billion. Some may think that the Bitcoin critics have been vindicated by what others are calling a massive correction.
But this is not the first time Bitcoin has ‘crashed’ or corrected.
- It crashed 40% on September 2017
- It crashed 80% on April 2013
- It crashed 36% on June 2012
- It crashed 94% between June & November, 2011
And the price has alway rebounded at the end of the each crash period, and has always rebounded higher, than peak of the reported ‘bubble’.
The Dot Com Bubble – Some History
The ’90s saw a period of rapid technological advancement in many areas, particularly the commercialization of the internet that led to the greatest expansion of capital growth the U.S had ever seen. The dot-com bubble grew from speculative and fad-based investing, the overabundance of funding for hundreds of start-ups. Companies that had yet to generate revenue, profits, or even products, went to market with IPOs that saw their stock prices triple and quadruple in just one day.
Speculators were barely able to contain their excitement over the “new economy,” creating an absolute feeding frenzy for investors. It was a textbook embodiment of “FOMO,” or fear of missing out. Because dot-com investing had become so immensely popular, investors relinquished their common sense in order to get in on the next big thing.
In 1999, there were 457 IPOs, most of which were tech companies. Dot-com company share prices skyrocketed while the industry was still developing. Of the IPOs in 1999, 117 companies doubled their share prices on the first day of trading alone, underscoring the exuberance of the market. By March 2000, there were 4,715 dot.com, companies trading on the NASDAQ.
By the end of 2001, the majority of publicly traded dot-com companies folded, and with them, trillions of dollars of investment capital simply evaporated. Companies that had reached market caps in the hundreds of millions became absolutely worthless.
Irrational Exuberance
Now, the crypto industry is experiencing something similar. With the marketing of initial coin offerings (ICOs) and many unproven or just stupid. In 2016 there was 43 and in 2017, there was 210 ICOs, which raised over $6 billion in funding. In the past year, we’ve seen the price of cryptocurrencies rise tens of thousands of percent higher than their original value and there is over 1400 different cryptocurrencies.
Bitcoin and most altcoins, like Ethereum and Ripple, were all buoyed to new heights by the increased demand from investors eager to get their share of this latest fad. And the market’s incredibly highly speculative nature has contributed to what many are calling the overvaluation of a number of cryptocurrencies.
All symptoms of the speculative behaviour, that was seen during of the Dot-com bubble. And the market’s recent meteoric rise, has undoubtedly placed the entire crypto sphere in a huge bubble. Just like the thousands of early dot-coms, many projects behind crypto tokens have yet to actually deliver definitive real-world value.
These are just some of the patterns that led me to believe the crypto market’s trajectory is ultimately going to be the same as the dot-com bubble’s. The recent correction, which saw Bitcoin’s price tumble down to $6,000 from almost $20,000, just reaffirmed it.
But, Don’t Worry
Don’t worry because these crashes are exactly what happens during market cycles such as the dot-com “bubble,” when internet companies experienced a merciless culling. But those that survived, came back stronger than ever, making absolute fortunes for their long-term investors.
When the dot-com bubble crashed, many of today’s top tech companies were reduced to pocket change. You could have scooped up Amazon for under $20 back then and considering that today Amazon stock is worth over $1,500, the technology sector has made quite a comeback. Many of the worlds most valuable companies Facebook, Apple, Amazon, and Google, came out of that market crash.
We have seen this “mania and crash” cycle before, in modern times, with both the internet and the cellular technology markets, which are both examples of the “mania-crash-recovery-mass adoption cycle” that all new technology markets go through before they become mainstream. So, expect the same with the crypto market and invest and trade with the expectation of volatility.
A Typical Market
The graph below, shows the typical market trend for new technology in terms of price and value over time. This has played out many, many times, with the dotcom boom, the real estate market, internet stocks, commodities, and every other emerging industry and market. It would be surprising if the cryptocurrency market does not follow a similar trend.
Where Are We?
Bitcoin Price Movements
So, where are we?
Comparing the price graph of Bitcoin (to the right) with the market graph above. It does look very similar.
Some may argue that still in the ‘Awareness Phase’ (depending upon when you are reading this) because the institutional investors haven’t come in yet.
Others may argue that we are have just gone through the ‘mania stage’ because of the previous huge price surge and we are now entering into the ‘Blow off Phase’ and getting ready for the next big drop.
Others may argue we are already in the ‘Blow off Phase’ and have just gone past despair as the general public has abandoned all hope of a recovery and therefore we are getting ready for the next massive run up.
Who Is Right?
Well, wherever we are, it’s highly probably it’s going to follow this same market pattern as previous history has demonstrated. And no matter who is right. ‘TIME‘ in the market, not just market timing, is going to make you a fortune.
In fact we’re probably going to see many of the existing cryptocurrencies fail and vanish altogether, while those that remain will eat up bigger and bigger chunks of an ever increasing pie as cryptocurrencies go mainstream.
We might even see, the granddaddy of them all, Bitcoin, fade away, while a new one rise to dominate the market place. Its possible that Bitcoin could follow the fate of most first movers.
The Fate Of Most First Movers
Do you remember the very first cellular telephone? I’m talking about the big, hunky clunkers of grey plastic that Motorola first created. You practically needed a briefcase just to carry one! You know the ones I’m talking about? With the tall black antennas on top?
This device was important because it was the first to the market mobile telephone. It had never been done before. Even though its inventor said:
1981: “Cellular phones will absolutely not replace local wire systems.” — Marty Cooper, inventor
The technology was cutting edge. It changed the world! But now we have smartphones and if you had a choice to buy a new phone today, would you buy a new smart phone, or would you buy the “granddaddy” mobile telephone?
The First Movers
The “first movers” break the ice and grab the majority share of the new market but, then they are often rendered obsolete by “fast followers.” That’s what we could see happening any day. Bitcoin is a technological breakthrough, a game changer in that it gave us the blockchain technology. Just like Motorola gave us the first cellphone technology, around 40 years ago. But, then fast follower Apple came along, and took the basic idea, and then made it more useful, smarter and much more powerful.
More often than not, the first mover in the technology is not the best one. And the cellphone is just one example. Myspace was the first social media website. It was great. But then along came Facebook which was so much better. Archie was the first search engine but, then came even better ones, like Yahoo and Google.
What’s Important
Not to say the Bitcoin is doomed and will disappear overnight, because that’s not the case just yet. Bitcoin is still the “gateway crypto” to other digital currencies. You need to have Bitcoin (or Ethereum) to buy other cryptocurrencies.
So, all the new investors entering the market and will need to buy Bitcoin with dollars or euros, and those people who are already invested in Bitcoin are either going to be holding them or using it to buy other digital currencies.
So, although Bitcoin might fall out of fashion as time goes by, and it may eventually follow the fate of most first movers, the price will remain relatively stable in the foreseeable future, which is important to the institutional investors, who don’t like volatility.
And as it’s the longest-existing and most commonly recognized cryptocurrency, I believe Bitcoin represents a long-term investment that will likely to benefit the most, from the major institutional investment that will be coming into the market in the next few years, or perhaps even as early as the next few months.
Another Thing
Is the fact that cryptocurrencies, may have gone through the “mania — crash” part of the cycle, which means that the mainstreaming (mass adoption) of cryptocurrencies, is as inevitable as was the recent crash in cryptocurrency market. In other words, this is exactly what typically happens in every market, as it moves through its life cycle.
And most investors unfortunately follow the typical investor psychology (as outlined below) where they get in, near top of the market, once it has already made its biggest moves and when everyone is talking about it. Then they climb out when the market drops, as it goes through the typical correction, as all markets do.
Upside
The upside to all this is that the future outlook in terms of overall value, is far more optimistic and sustainable than the up and downs of high volatility, that has defined the crypto market for the last 12 months or so. Many early investor made a fortune while the late-comers probably lost a lot of money.
What many of those investors who have either lost money and who have jumped out don’t know, is that over the course of the last month or so, while the world has been focused on North Korea, trade wars, tariffs, the facebook data scandal, and Syria.
The cryptocurrency market, quietly regained more than $100 Billion in value. And just recently it gained more than $3 billion, a 45% jump in value, in less than two weeks. All indications that a recovery is already underway.
Take a Look at Some of These Examples…
The Second Wave
This Second-Wave Crypto investing, could mirror the “Internet revolution” or the “Dotcom bubble” and for those who missed making millions in the first “manic phase” of crypto investing, this second, mainstreaming wave, is another opportunity to invest and make a fortune.
Because in the long run, this current $350 billion market is going to grow far bigger than it ever did during the early parts of the market cycle that we have just seen. So, keep an eye on the market cap because when it hits a trillion, or more the institutional investors will move in.
In the meantime there is going to be a lot of growth in the crypto market and new coins are going to be minted and trading cryptos could become a lucrative investment strategy that could net some people, millions of dollars and probably make many others, a great living, from implementing a few profitable trades, here and there.
But, Isn’t Trading Currencies Risky?
Normally, I would say yes! But, with only a tiny investment required for such a massive upside, the potentially enormous gains, easily out-ways the small amount of financial downside risk. Provided you never invest more than you could comfortable stand to lose. (whether that be few dollars or a few hundred) Then trading could be extremely advantageous. Provided of course you knew what you were doing and it didn’t mean spending hours in front of your computer.
Trading Cryptocurrencies
Imagine receiving information on any newly minted crypto-coins that could potentially increase in value 10X to 100X from their initial investment and being able to invest within a few seconds after being notified, to start profiting from them when they take off. Or being able to buy and sell cryptocurrencies whenever there was a price differential large enough to show you a profit instantly, with the click of a mouse. 
Well, now there is software that automates all the processes, that seasoned crypto experts currently do manually and pulls together all the research data required to analyse whether a trade is profitable or not. An entire software program that puts all the tools needed, into a simple, easy to use software suite, that you could use, to make serious money.
Introducing…
Cryptosuite shows you how you can buy Bitcoin for X through exchange A, and sell it at a profit instantly at exchange B with the click of a mouse.
This is known in the financial industry as arbitrage and it’s a fast way to make money. The software also alerts you to all the new crypto-coins being offered and which ones may be worth a small investment in before they skyrocket in value.
This is the next generation trading software that is well worth taking a serious look at and could be your ticket to securing your financial future.
This could arguably be, the best cryptocurrency trading platform to use for anyone wanting to learn cryptocurrency trading and wanting to discover how to trade crypto currency using a crypto trading software that allows you how to trade cryptocurrency for profit and identifies precisely, how to sell buy and sell Bitcoin, using arbitrage as a cryptocurrency trading strategy that is brilliantly easy to use. Take a closer look here;
| Cryptocurrency Trading Software |
Why Should You Listen To Me?
Why should you take any notice of what I have to say about Bitcoin and Cryptocurrency in general? That’s a great question!
I know that I want to know something about the people that I’m getting advice from.
Peter V Crisp
“I have not only written numerous articles and posts about cryptocurrencies. I have also written the book Why invest in Cryptocurrency? And how to get started, (available on Amazon). But, more importantly I also have a track record of personal success, with my cryptocurrency investments, turning US$ 500 into more than US$ 20,000. – You can read more about this ; How to Buy Cryptocurrencies”
A Real Life Example of Using CryptoSuite
Below is a screenshot of my profits a month after I began using Cryptosuite software. Starting with a $1600 investment on May, 1st, you can see I am a head $3,479, ONE month later, as of June (2018).
So, it makes money and it works! To discover more about what I have learned you can begin by reading some of my previous posts about cryptocurrencies. You can find the links and summaries below:
See More Articles About Cryptocurrencies
To learn more about the other types of Cryptocurrencies that 
are available and why they may be a good way to protect yourself from the wealth-destroying policies of governments and central bankers. And as there is more than 1600+ different Cryptocurrencies available, finding the ‘right‘ ones can be a daunting experience. You may like to visit my post ‘What is a Cryptocurrency’
| You can use this link here: ‘What is a Cryptocurrency’ |
To learn more how Bitcoin is used as digital money how the digital transactions take place and what is meant by a distributed ledger called a blockchain and what it is that makes Bitcoin valuable; Visit my post What Is A Bitcoin?
| You can use this link here What Is A Bitcoin |
To learn more about how this blockchain technology may be the most important single development since the invention of the internet and how it’s going to be a game changer. You may like to visit my post What is Bitcoin About?
| You can use this link here: What Is Bitcoin About? |
To learn more about how to BUY Bitcoin with cash or, Credit Card, PayPal, Bank Transfer, or any other payment methodology and currency you desire (well almost). I step you through the process and show you how to open accounts and which ones to use that give you the most freedom and flexibility. Visit my post ‘How to Buy Bitcoin with Cash‘
| You can use this link here: How to Buy Bitcoin with Cash‘ |
To learn more about why I think we are only at the beginning of the new revolution in blockchain-related technologies and in terms of the overall development Cryptocurrencies are a small part of that emerging industry. This new technology is going to change the world and is the most important new development in finance and commerce this century. Also see how I turned $500 into $20,000.
| Use this link here: How to Buy Cryptocurrencies |
Finally
Take a look around and review the other posts while you are here and grab a copy of my Book, Why Invest in Cryptocurrency? And how to get Started.
If you enjoyed this article “How To Trade Cryptocurrency” please share socially and leave a comment below.
And if you do, I will reward you with a free PDF copy of my Book; “How To Buy Cryptocurrency? And How to get Started“. (Also available on Amazon). It’s packed with a lot of detail and information that will get you excited about the future of cryptocurrencies and it explains how you can get started, investing profitably.
Peter V Crisp
“So, what are you waiting for?
Accept my bribe and socially share and leave a comment below and I will send you a PDF version, by email of my book. Why Invest In Cryptocurrency? And how to get started – Thanks!
P.S. You can buy the book via Amazon Kindle or get the paperback version”.
Don’t forget to check out this new Cryptocurrency Trading Software that’s brilliantly easy to use. Take a closer look here;
| Cryptocurrency Trading Software |
To bookmark this page for future reference you can do it now using (Ctrl+D)
I have heard so much about how profitable it can be to get into cryptocurrencies. However I have been reluctant as there seems to be so many scams out there. Your suggestion sounds like a great option – but how can I in general spot the cryptocurrency scams? To get started takes quite a bit of investment, so want to make sure it will be worth it.
Thanks for a great in-depth article. I definitely learned a lot.
Hello, Mike Thanks for your comments. You will find a lot more information in the PDF Book I am sending our way. watch out for it in your inbox. Thanks again for your feedback 🙂
wow what amazing content really glad your telling people this stuff so good to know. you should get a medal for how good you right your really a wordsmith im glad that google showed me ur page keep up your great writing and amazing information ima go get rich on crypto
Hello and thank you for your comments. Pleased you have enjoyed the post and I trust you will also enjoy the PDF version of my book I am sending your way. 🙂
Hi Peter,
This is a very interesting (and trendy) subject you’re elaborating on! 🙂
Truth is I don’t do much of trading; I prefer to buy and HODL. I bought on the rise, but I do not intend to sell easily – I’ll wait to see how this goes. I’m not an arbitrage fun, so I might not check or use CryptoSuite.
Thanks though for a very informative post!
Regards,
Marios
Hello, Marios. You will find many other articles about Bitcoin and other Cryptocurrencies here, How To Buy Cryptocurrency and What is a Bitcoin and How To Buy Bitcoin that we give you a lot of information about these types of currencies. Also check out the PDF version of my book I am sending your way. Thanks for your comments. 🙂
This is such a great website! It’s so informative and I love the structure on the right side bar. Super easy to navigate and find the information you want.
How do you buy cryptocurrencies? I can get bitcoin with Xapo, but I cannot get CoinTracking in Qatar.
Are there any other ways to buy cryptocurrencies online?
Thnks again
Mike
Hello, Mike. Thanks for your comments. The short answer is yes and I cover that in a few of my other posts about cryptocurrencies, How to Invest in Bitcoin and How To Buy Cryptocurrency and What is a Bitcoin Plus of course in the book about Cryptocurrencies that I am sending your way for leaving a comment. So watch out for it in your inbox Enjoy 🙂
Wow, I had no idea about most of this. As a freelance writer, I’m often asked to write about BitCoin and usually turn those jobs down because I don’t know enough. It’s fascinating to hear more about the history and where cryptocurrency is going. Thanks for sharing valuable information, I learned a lot from reading this post.
Hello, Genesis. Thanks for your comments. You will probably enjoy the PDF copy of my book that I am sending your way. You are right there is a lot to learn. Pleased you found my article interesting. 😉
Good afternoon Peter,
I have read your article with great interest.
I recognized your chart depicting the rise and fall and rise and fall to again rise and fall, a never-ending story, of stocks. I have dabbled in the stock market myself but the results were far from brilliant. I purchased Bitcoin when it was way too high and still have the coin in a paper wallet.
This brings me to your software. I have been considering re-entering the crypto market, not to hold but to buy and sell and buy and sell. With the current market fluctuations. I think that may be the only way to make a steady profit, without buying and sitting on it.
I liked your list of failed prognostications, made me feel less stupid.
Regards, Taetske
Hello, Taetske. Thank you for your comments. Pleased you liked the article and yes please check out my recommendations as Im sure you will find success when using them. I look forward to hearing of you winnings from following such a strategy. 🙂
Good afternoon Peter,
Thank you for replying to my comment.
After reading the comments of other people plus your replies I am a bit disappointed. Can I still hope for also receiving your PDF? that would be really nice.
Regards, Taetske
Hello, Taetske. Don’t be disappointed my friend, just become smarter and more informed about cryptocurrencies, which is what you will be after you read my articles and get a copy of my book that should have arrived in your inbox by now. Thanks again for your comments. 🙂
The training material looks promising. I like that you provide an image of yourself, showing you’re a real person with business goals but also a loving mom with a family. The incorporation of the social media is great but I think distracts from the content a bit. Also, figuring out where the actual products are would be better if you posted your packages so its easier to see.
Hello, Digitmagic. Tanks for your comments and I am pleased you have enjoyed my site. Please look out for a PDF copy of my book that I am sending your way. Enjoy 🙂
Hey Peter,
Is investing in stocks considered cryptocurrency too? I was initially reluctant to learn about it because I’ve been meeting a lot of people making more losses than profits.
I went out with my friend last weekend and he suddenly paid me back the money I lent him and he got it off from stock-investing so it kinda opened my eye to learn more, currently a newbie at this but pretty excited!
By the way, congrats on your cryptocurrency ebook launch! Last time I was here I didn’t see it so I’m guessing you probably launched it sometime early this year? Gotta get me one of this one day 😀
Hello, Riaz. Thanks for your comments and yes I have “another” book lol. I try to give my readers massive value when the read and leave a comment on my site. I have around twenty books actually and I’ve been putting a few up on Amazon now also. Thanks again for your feed back and watch your inbox for your PDF copy of my latest book LOL Enjoy 🙂
Well with myself new at this. I can’t see anything but the word Fantastic for your site. It looks so put together and well positioned. the color scale is easy on the eye when reading it. Would like to see more pictures. but I know it is an informational site, mostly on business related post. You write well. You have a way with words that I bet you are a writer. Right? I enjoyed you posts. I can’t wait tell I learn how to do all that neat stuff with my site. great job!
Hello, jaylynji. Thanks for your comments, I am pleased to hear you liked what you saw and read Thank you! Look out for the PDF of my book about Cryptocurrency in your inbox shortly. Thanks again for the feedback. 🙂
Wow what a world we live in today! so many opportunities thanks to cryptocurrencies and the more important tech behind it, blockchain.
It is definitely a good time to invest as I see it changing everything payment related in the future.
I have not come across this Cryptosuite before but I will look into it further.
Does this work across all cryptocurrency providers? (i.e Coinbase)
Hello, Cem. It works across most providers (as new ones are coming on as the industry moves forward) But Coinbase yes, and most of the major players. I hope you do check it out as you will be impressed by what it can do. Thanks for your comments and watch your inbox for a copy of my book about Cryptocurrencies that is coming your way. Enjoy 🙂
Hey Peter,
Cryptocurrency is a very worthwhile investment in digital assets that can protect your finances and industries, which is a great opportunity for me to learn. Even if I don’t know much about Cryptocurrency, I know that as long as I learn Cryptocurrency, I may be able to protect the privacy of the industry. I am interested in this article and hope to publish more special articles. Thank you
Tee
Hello, Teng. Pleased you have enjoyed the article there are also another five or so that you can access from the previous article. I am sending you a PDF copy of my book about Cryptocurrencies as a thank you for leaving a comment. Enjoy 🙂
Informative and interesting post which provides a comprehensive review of the cryptocurrency market status. It is quite convincing, and I’d like to try. Cryptocurrency market is quite a new topic for me. I believe that some proper preparations (education) are needed. I think that it opens alternative opportunities for investments. As usual, early investments are bringing more benefits. Well, interesting topic. Some more exploration needed.
Hello, Nadja. Thanks for your comments. I am sending a PDF copy of my book Why Invest in Cryptocurrency? And How to get started. Which I’m sure you will find most informative as well as the other posts I have about Cryptocurrency and Bitcoin. Pleased to have help you in your search for information. 🙂
Hi Peter,
This is an extremely well-written and informative post. Crypto-currency was a complete mystery to me, but your article has clearly explained its potential and current context.
I’m going to invest some more time to go through your other posts so I can get a better handle on this emerging opportunity and understand how I can make it work.
Thanks again, and all the best,
Norman
Hello, Norman. Pleased you have enjoyed the post and I’m sure you will also really like the book I am sending your way so take a look and learn how exciting this cryptocurrency market could be. Thanks for your comments. :).
Well I think that bitcoin will really dominate in the future. I remmember that my close friend tried in the past to earn one bitcoin on the net but without success. There are so many ”jobs” on the internet about earning bitcoins but I think that that is some sort of scam…
Hello, Daniel. Yes, unfortunately you are right there are many scams online and elsewhere that involves Bitcoin. Learning how to trade cryptocurrency for profit is going to become the next wave of money making opportunities that will evolve in the cryptocurrency market space and that too will attract the scammers so, its important to follow the recommendations of people you trust. Thanks for your comments and I hope you enjoy the PDF version of my book that is coming your way. 🙂
Hi Peter,
It was a great article.
I do not know if Bitcoin is a bubble or a scam or something that will change the future.
However, I want to learn more. Before deciding to stay away or invest, we must be educated about the topic.
Many people make false predictions because they see only their own reality.
So, I wish everyone who has invested in Bitcoin to make more money, and I will check your links to learn more.
Hello, Ilias you are in the right place to find out more about Bitcoin, as I have many articles about Cryptocurrencies in general and a Book that I am sending your way about Why You Should invest in Cryptocurrencies. So watch your inbox for the PDF version that is on its way to you for leaving a comment.
Thanks for your comments and enjoy the book. 🙂
The first thing I want to point out is how great of an idea it was to put the “definitive statements” at the beginning. Those were much needed for a website about cryptocurrency, because crypto takes such huge criticism. After this you then pointed out the other huge crashes bitcoin took in recent years, which just shows how it will recover. I just think you have very well put together content and it is in a great order.
Hello, Brice. Appreciate your feedback and thank you for your comments. I am sending a PDF copy of my Cryptocurrency book so watch out for it in your inbox. Enjoy 🙂
You have a beautifully laid out site sir! I was reading as I try to learn more on Crypto currency. At this point I’m still very green. My son has become involved with Crypto currency and got in early with BitCoin. Now he tells me that he wishes he had gotten in a little bigger. And that is about all I have understood from him.
I learned more in the few minutes reading your post than I have in a year listening to him. LOL
I wish nothing but the best for you sir ! I will keep checking by as I learn more.
Mike
Hello, Mike. I ‘m sure you will learn a lot from the book I am sending your way so watch out for it in your inbox. You can also see other post about Bitcoin and Cryptocurrencies on my site as well. Thanks for your feed back 🙂
Hello, Peter, and thanks for the terrific article! Finally, an informative, no b.s. history and assessment of crypto currency. I was a bit worried at first that it was going to be another “buy this to find out more”-type of garbage that I’ve often had the misfortune of finding. But, refreshingly, your article gives a concise background and potential future of crypto, namely Bitcoin. And, I’m even getting a free book out of the deal, thank you.
I’m interested in getting invested and figured that I missed the Bitcoin boat and that I’d have to find one of the up and coming currencies to lose my money on, lol. But your insight gives me hope that Bitcoin is worth looking at and I’m far more comfortable investing in something with a track record, if there’s hope for a ROI. I’m looking forward to diving into your book to learn more and better educate myself on the best first move.
Hello, Dennis. Pleased you like the post and yes please check out the book that is on its way to you so watch out for it in your inbox. You will get a bit more information about Bitcoin and other Cryptocurrencies from my other articles I have on Bitcoin as well as from the PDF version of my Crypto book. Thanks for your comments. 🙂
Hi Peter, very interesting article. I would like to know your input and forecast for the rise of regulated cryptocurrencies and how they will affect the unregulated ones. By that I mean for example Estcoin, Estonia’s oficial cryptocurrency and JP Morgan themselves with the plan to offer the same technology to their clients but in a regulated way. What could be the effect of this on Bitcoin, etc.
Hello, Ihnspire. Thanks for your comments.
I discuss the different between regulated and unregulated systems in my book (a copy of which is coming your way). But briefly, traditional companies, governments, and individuals, all keep their records in one centralized database. But the problem with having a centralized database in that it can be manipulated. Records can be changed, hard drives can fail, data can be lost, and the records represent only one party’s view of any given transaction.
A decentralized system such as the blockchain which is also known as a distributed database technology in its simplest form is a distributed database, in that there are complete copies of the records stored on a network of databases scattered around the world. Once a transaction is written into the blockchain, it is immutable. It cannot be changed.
This also means that there is no central data point or main computer to hack. And as for hacking every single computer at the same time is next to impossible, using a decentralized network makes it incredibly secure, which is one of the many reasons that cryptocurrency is an attractive alternative to traditional regulated systems.
Just as governments can-not be trusted with your privacy, or your finances, then neither can they trusted with a cryptocurrency. They will try their best to discredit the decentralized cryptos and promote their own centralized versions.
For a lot more about this check out the book that is coming your way. 🙂
Crypto Is fraught with risk simply due to the fact that they are unregulated, uncontrolled or to use the term Decentralized. Which so happens to be one of their selling points – decentralized!.
As an intelligent man you will already know that there is zero legal obligation for any exchange to change your digital currency for actual usable legal tender (fiat currency or any other asset).
I’ll believe in the viability of digital currencies the same day I can sell a piece of unique digital code on Ebay! Essentially, that is all you are buying, digital code.
Hello, Derek. Yes, I agree Cryptocurrencies are not yet mainstream and so its value is still very subjective and it’s risky – as you say.
However, before you dismiss cryptocurrencies as being too risky compared to traditional money. It’s worth noting that over $24.71 Billion in credit card fraud was reported in just in 2016 alone, and 46% of Americans have become the subject of credit card fraud.Traditional money is hardly any safer, in fact it is probably far less safer that cryptocurrencies.
It has been said that the blockchain technology underlying cryptocurrencies may very well be the most important single development since the invention of the internet itself. It’s going to change the way documents are transmitted, the way real estate is sold and registered, the way stocks and bonds are tracked, the way inventory is tracked. It’s going to be a game changer in many ways.
Are banks and governments happy about this alternative monetary system that threatens their monopoly on financial transactions? Of Course not!
Are world governments planning regulatory attacks against cryptocurrencies? Yes, for sure they are!
But it is a new technology that shows a lot of potential as we’re moving away from money that is backed by nothing more than our trust and faith in our government. To money that requires the nothing more than trusting the data and the blockchain which is created by thousands of independent computers verifying the validity of each transaction.
In short, the financial system and money is going through a fundamental change and what’s important to understand (and this is crucial), cryptocurrencies don’t need validation from the banks or the government to thrive. This is due to their decentralized nature, so digital currencies will succeed regardless of whether they receive approval of the governments or the banks.
Thanks for your comments and please watch out for my book on Cryptocurrency that I am sending your way. 🙂
Thank you kindly for the detailed reply. I am looking forward to reading your book on cryptocurrency.
Hello, Derek. You are most welcome and let me know how you enjoy the book that I have sent your way. Thanks again for the feedback. 🙂
Well now that was a very informative article. You have rekindled my interest in cryptocurrencies with the information you provided. I was one of those who lost interest with the crash in late 2017. I honestly just got scared of the market and decided to stay very far away.
The history you provided is very informative and a really good read. I think I need to take some time to explore this a little more. As always, I am very worried about investing money with the potential to lose it all. I don’t have much to invest. What is the smallest amount I would need to have to be able to start trading cryptocurrencies?
Hello, Lesley. Thanks for your comments. To get started with trading you don’t need very much perhaps, as little as $100 spread across a few cryptos might be enough to make you a surprisingly amount of money. Check out my post. How to Invest in Bitcoin and see how I started with $500 and turned it into $20,000. I hoe you also enjoy the book Why Invest in Cryptocurrency? And how to get started that is coming your way. ; 🙂
Hi,
I really didn’t know there was so much behind crypto currency. I have to say thank you for breaking it down. I understand bitcoin alot better now. From reading this I get that you have to be informed more when getting into these types of businesses. Those charts were scary until you explained how different people look at them and make decisions based off what they see.
This was one of the most informative articles Ive read in a while. I could really see the risks and rewards of crypto currencies. Definitely bookmarking this site, because your definitely the guy for crypto currencies.
Thank You!
Hello, and thank you for your comments. Take the time you read my other posts and the book I am sending your way as a thank-you for leaving a comment. Cryptocurrencies is a fascinating topic for sure and I am please you have enjoyed the post. 🙂
I don’t understand cryptocyrrency very well. I would be interested to learn more about it !
Your article has taken my knowledge to the next level! I think that this trend will continue in the future so I think that it is worthy for everyone to undestand more about this topic !
Great article !
Enxhi
Hello, Enxhi. Thanks for your comments. I am pleased you have found the article informative. Tale a look at the book I am sending your way. I sure you will enjoy that as well.Watch out for it in your inbox. 🙂
I’ve only just begun building an understanding of cryptocurrency and it’s purpose. Mainly because it is in news feeds constantly, ithas somewhat peaked my interest and made me want to learn more about it !
Your post has helped me quite a bit! I can see how this is likely not just a hip and trendy topic , but will hold a place in our world for many years to come !
Great job !
Mike
Hello, Mike. Thanks for your comments. I hope you also enjoy the book that is coming your way, as a personal thank you for leaving a comment. If you read it and the other posts I have on cryptos you will be much better informed and be able to have a much greater understanding of this market. Enjoy 🙂
Hey Peter, I really enjoyed reading your article about investing in bitcoin. I really don’t know anything about Bitcoin yet, but I’m quite curious about it. I thought that now might be the perfect time to invest since it always recovers like most other things as well. I was just wondering if the crash is totally over or if bitcoin is going to crash even further down.
Hello, Aaron. Now you know I can’t give you investment advice. You ned to figure out what to do and make that decision yourself. I have however provided you with the information required to make an informed decision. Just reread he post and some of my others and the book that is coming your way and you will be very informed as to what is going on in the crypto space. Thanks for your comments. 🙂
Hi Peter,
This is an amazing article about cryptocurrencies. It’s my first time I’m hearing about this and I didn’t know that such technology do exist. It’s a great idea to know that I can have the digital asset currency instead of having the normal currency and still retain the same value.
I’ve realized that Bitcoin is a form of cryptocurrency and even though the company may not be doing their best in the market now, the idea is one of the best. I wonder how exactly I can invest in cryptocurrency and how it is applicable in my online business. The idea sounds good but I don’t know how this affects me as an affiliate marketer.
Does my question make sense? Hope so, and this article pushes me to learn more about this topic. I hope to read your book “Why invest in cryptocurrency.” Am sure this has more information.
Best wishes,
Paul.
Hello, Paul Thank you for your comments. Take a look at my many article about Bitcoin and learn what you can and you will discover that it’s not difficult to get started with Cryptocurrency and best of all you can start with only a few dollars. Enjoy eBook I am sending your way. 🙂
Peter, you have really done a ton of homework on Cryptocurrencies. I have always been a fence sitter with them because of things like the fact that most of the books and software related to success with them can’t be bought with digital currency… Yes I know it leaves you wondering too because everyone I have asked that suddenly sputters, stutters, and/or checks with their investment advisor.
It is however growing, and now that most speculators have been stuck in too long and gotten burned we might see a more steady mean number that will allow it to be traded more like FOREX and less like Lotto. With your article, I am surer that I will get in soon with at least a small budget. Thanks for the help.
Hello, Andy. Pleased you have found my article informative and useful and that it get your started with Cryptocurrency investing. You are right about starting small, you don’t need much to get started. Make sure you check out the book I am sending your way as a thank you for leaving a comment. 🙂
Hey Peter 🙂
You have an abundance of info on the crypto world. To be honest, I kind of fear the crypto world. I guess it is still new to me. Just like your charts, it looks like a roller coaster and I don’t get on those either. 😉
Listening to you, I would go wrong learning about the crypto world where I wouldn’t fear it anymore. I have to come back and read this again. I really enjoyed it.
I was wondering. Were you scared when you made your first investment in cryptocurrency?
Hello, Cooki The unknown is always a little scary I mean, whenever you jump into something new, that entails some RISK, and there’s no guarantee of a POSITIVE outcome. Often, you don’t even know the size of that RISK, or the significance of the outcome. So it’s usually more comfortable, and EASIER, to stay with what you know. Which is why most people don’t take advantage of new ideas and technology that comes along until long after it becomes commonly accepted and joins the mainstream. The cell phone, the fax machine, the internet were all feared before they became acceptable. Thanks for your comments. I hope you enjoy my book that is coming your way. 🙂
Hi Peter,
I think you did an excellent job of explaining what the crypto world is and how to get started and you had some great links for research, especially for the beginner.
I have been trading for about a year now with some great results and the software you are highlighting looks great.
It would be really interesting to know what personal results you got from using it….
Can you share?
Thanks so much for the information.
Tim
Hello, Tim Thanks for your comments and I have updated my post to answer your question about getting results from investing and trading in Cryptocurrencies. In the meantime I hope you enjoy the book that is coming your way. 🙂
Hi there
I was never really into crypto currency or even heard about it until this craze swept in around December time. Everyone was going crazy about it.
Some people say it the next great thing while others say it’s short term thing and will go away. That’s why am hesitant to go fully in and start trading.
Are you currently trading and how is your experience with cryptosuite?
Hello, Mubs. Great question and yes, I am and have. Take a look at How To Buy Cryptocurrency and see how I turned an initial $500 into $20,000. Enjoy the book I am sending your way and thanks you for the comments. 🙂