Introduction : The Basics of Trading
Since time immemorial, trade has played a vital role in shaping human society. Right from dealing with sticks and stones to the barter system, we’ve constantly made ourselves better models of trade. In the modern capitalist jungle, traders make money by buying and selling stocks or commodities on a frequent basis. The profits are basically generated by selling those assets at a higher price. To these maximize profits, every trader relies on a holding period which determines the amount of time investments are going to be held. Sure there are risks involved, but what if there was a new currency in town that minimized risks and doubled the ease of use?
The Increasing Popularity Of Bitcoins
While trading essentially still involves exchanging one item for another, financial systems in place have become a lot more complex since the last two decades. A prime example of this premise is the recent surge in popularity of bitcoins. The digital age was calling for a virtual currency and bitcoins delivered exactly what people needed. Ease of use, coupled with a very good safety record has catapulted it to mainstream markets rather swiftly. Who wouldn’t love to use a system that doesn’t charge for transactions? To add to this, bitcoins aren’t subject to tax cuts – and neither will a system come into effect in the future. Its designed in such a remarkable way that no third party will be able to track transactions or make deductions. All things considered, bitcoins are quickly becoming an industry standard.
Here’s Why You Should Consider Buying More Bitcoins
Seven years since debut, bitcoins have been widely adopted by consumers across the globe. To put this into perspective, here are some statistics :
* There are currently 109 million bitcoin accounts.
* About $80 million worth of bitcoins are transferred every day.
This also means that all major outlets, businesses and retailers will soon setup dedicated payment gateways to facilitate bitcoins transactions – if they haven’t already. On a separate note, it’s also very important to note that bitcoins were born out of a financial crisis. The instability of traditional currencies only solidifies the existence of such digital currencies, and by all means, the bitcoin is here to stay and thrive. If you’ve held back from investing on digital currency, now might be a great time to dive into it. Technology grows exponentially, and our financial systems are soon going to follow suit. A great trader always does his research, keeps up with the pace of the ever fluctuating markets, and makes all the right moves. Will you?