How to Trade Crypto Currencies – Trade Opportunity

The Platinum Crypto Academy in July

In July this year, we released this blog outlining how our readers should get started in buying Bitcoin when it was sitting at $2500. Bitcoin is now sitting at a phenomenal $10,052 at the time of writing this article. As Traders, we have to take a look at all viable options available to turn a profit.

One question that I get asked by my members is ‘What are Cryptocurrencies?’

A Cryptocurrency is a type of virtual or digital currency in which ‘encryption’ techniques are used to regulate its supply. It’s due to this ‘encryption’ that this digital currency finds its name – ‘Crypto’ currency.

In his announcement of Bitcoin (the first Cryptocurrency) in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System”. Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of Cryptocurrencies.

Why Trade Cryptocurrencies?

The market for Cryptocurrencies is fast-paced, exciting and very profitable when navigated correctly. Nearly every day there is an opportunity to make insane potential returns of 100%+.

An early adopter called Erik Finman, a 12-year-old from Idaho, received a $1,000 gift from his grandmother, invested the money into Bitcoin, a then-sparsely known digital currency, valued at $12.

Two years later Erik sold some of his original investment in Bitcoin for a whopping profit of $100,000. Bitcoin is now trading at over $10,000 a coin, making him a millionaire at the age of just 18 – all thanks to his original investment in a largely unknown new form of virtual currency.

The colossal growth of over $200 billion in market cap in 8 months is astounding, with people all over the world buying Bitcoin to protect themselves against the devaluation of their national currency. More and more companies including The Platinum Trading Academy are accepting payments in Crypto’s for services and products.

If you are looking to profit from Crypto’s, one thing to understand is that it’s the most volatile financial market around today, and is likely to remain so for some years to come. What this means for traders who know what they are doing is vast sums of money can be made.

One clear example is from Bitcoin In the last 30 days, Bitcoin has risen over 69.76%, and I want to not only share with you our Crypto Guide on how to get started, but also offer a free session with a Crypto Trader to help you take advantage of these phenomenal gains. 

How to Trade Cryptocurrencies

There are two ways any trader can look at trading Cryptocurrencies.

Option 1: Through an already established brokerage trading Bitcoin and Ethereum against the Dollar, Sterling or Euro. This method, although lucrative, is still fraught with massive spreads from brokerages and volatility, unless you’re a seasoned trader it can be difficult to navigate.

Option 2: The more popular and stable method, is through buying and holding Cryptocurrencies using Exchanges and Wallets.

We educate and support our members on both methods, but Option 2 is preferable for new traders. Buying and owning a Crypto is really exciting and provides a great opportunity to make consistent and phenomenal profits.

I know that some people think the boat has sailed. They think it’s TOO LATE to make life-changing money from this phenomenon.

I believe they are going to miss out on the single biggest wealth explosion in history. Just a tiny stake – the kind of money you sink down the pub or on a half-decent meal – could become the kind of money you’d use to pay off a big chunk of the mortgage.

Within the next 33 hours of publishing this article, there are going to be some huge movements in the markets. Institutions are all singing from the same hymn sheet, and we will see just how high Bitcoin and Crypto’s can go.

I implore you to speak with one of the traders before you miss this next mega move!

A Crypto Trade Opportunity

BitShares is a Decentralized Exchange and Fintech Platform. Currently, Cryptocurrencies like Bitcoin are traded on large exchanges, which follow the traditional logic of centralization. BitShares aims to change and solve the issues which come along with a centralized exchange. With the founder starting up Steem (A very prominent Altcoin, offering the Steemit website and a social media resource for everything Crypto and more) we can be optimistic that BitShares will return to its rightful prominent place in the Crypto-economy.

How to Trade BitShares

As we can currently see from a technical perspective, this Altcoin could smash on through this critical breakout level, the coin has already shot up almost 40% in the last 8 weeks. We see this is a perfect setup to purchase BitShares before they soar above the 0.1. In addition to the BPC entry at 0.095, we have a possible trend line continuation for a bullish move toward 0.12 major resistance.

Enter Long based on the breakout of 0.095 with a preference to hold mid-long term

Enter Long on Trendline continuation with preference to hold mid-long term

The Platinum Crypto Academy website will be launched in the next week so if you want to get a sneak preview of all the great Crypto News Trades and Reports sign-up to our Crypto Newsletter and receive a free copy of our exclusive members-only content ‘Cryptonaire Weekly’, filled with trades, analysis, market setting and industry updates from the Platinum Crypto-Analysis.

THE PLATINUM WAY

At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinum’s Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.

If you want to trade like the professionals do, making consistently profitable returns from your trading, get in touch with us and we will demonstrate live exactly how we approach the markets.

Download our free ebook to read about the various Trading Patterns that work in the Financial Market. Watch Trades of the Week Videos in our video gallery. Subscribe to Platinum’s Forex Newsletter.

Hopefully, you have enjoyed today’s article. Thanks for reading!

Have a fantastic day!

Nisha Patel

Live from the Platinum Trading Floor.