The Naked Truth About Cryptocurrencies

What an amazing market! In recent weeks Bitcoin has lost $4,000, now worth less than a third of its peak price in December of 2017. But given the cyber-currency is still up 500% in a year, could this just be the beginning of the fall? And if so, can you still turn this into the opportunity of a lifetime? The answer is yes.

Hard to believe but ten years ago Bitcoin didn’t exist. Five years ago they cost $12 each. 12 months ago they were almost $1,000 and just six weeks ago they were worth almost $20,000 each. Smart investors made millions of dollars simply speculating on rising Bitcoin prices. Then the Bitcoin crashed.

PROFIT IN BOTH RISING AND FALLING CRYPTOCURRENCY MARKETS! NO EXPERIENCE NEEDED. LEARN HOW >>

Since December’s high, Bitcoin’s price dropped more than two thirds – losing more than $13,000 in value. And guess what? Once again, investors are making a killing on the fall. Yes- the fall. Amazing? Yes. How? Read on.

Making money from market volatility

Unlike the complicated process of buying Bitcoin or other cryptocurrencies on exchanges, on online trading, with a relatively low budget you can profit rather simply when the value of a cryptocurrency goes either up or down. We’ll say that again: up OR down. And as we’ve seen recently, frequent volatility in the crypto market means plenty of opportunities to open winning trades throughout the entire day.

So even if you’ve never bought or traded any cryptocurrency, there’s still two very simple and profitable ways to make money from cryptocurrency volatility.

First, you can speculate on it rising. Here you would buy low and sell high. If and when the price rises, you can sell after an hour, a day, a week or even longer. Whenever you believe the price has peaked for that session. This can be done simply by trading through a contract for difference (CDF) instrument with one of many legit online broker platforms.

On the other hand, if you’re convinced Bitcoin and other cryptocurrencies are on the brink of future falls, you can also take advantage and cash in on the price drop by trading the downtrend, again, via CFDs.

Take the incident when China pulled the plug of ICO transactions for instance. Many cryptocurrency owners struggled to sell a large share of their tokens due to low liquidation in order to cut down losses. Smart investors took this opportunity to simply trade the drop via CFDs and were left smiling all the way to the bank.

How did they do it?

The main advantage of investing in cryptocurrencies through CFDs is that CFD instruments can be traded using Stop Loss (to reduce risk) and Take Profit (to lock in profit) tools. These features come in handy when you take into consideration how extremely volatile the cryptocurrency market can be. By creating a Stop Loss order, you determine at what price your position should be closed, so no further losses can occur. On the other hand, Take Profit allows you to safely lock in profit before the price of the underlying asset declines.

Today, most leading CFD trading companies offer the possibility to successfully trade Bitcoin, Ethereum, Ripple, Dash, Litecoin and other major crypto coins. For new traders, the current volatility in crypto prices is a good thing as it gives them a chance to enter the crypto market at a lower value with more opportunities. In addition, CFDs are more suitable for day traders who prefer to enter a position, then quickly Take Profit and exit.

In conclusion

Cryptocurrencies are, without a shadow of a doubt, one of the fastest explosions of wealth in human history. It is our firm belief that cryptocurrencies are here to stay and will continue to grow through increasing mass adoption. For modern-day traders, the fast-paced, volatile cryptocurrency environment and low entry barrier creates endless opportunities to profit on any given day, at any given moment.

Many believe that it’s just a matter of time before the world fully embraces digital currency. Thus, any time a strong dip is experienced, novices should take that as an opportunity to come onboard. This is happening now.

Want to join the cryptocurrency revolution? Make sure to sign up with a legit and reputable trading broker who will teach you the secrets of trading crypto CFDs in both rising and falling markets. When it comes to the art of trading cryptocurrencies, much is to be learned, and so much more is to be made.

PROFIT IN BOTH RISING AND FALLING CRYPTOCURRENCY MARKETS! NO EXPERIENCE NEEDED. LEARN HOW >>