Bitcoin is a form of decentralized cryptocurrency. To put that in layman’s terms, it is a currency that exists in a purely digital form and is not tied to or controlled by any bank or government. Unlike fiat currencies (US dollars, Euros, Pound Sterling, etc.), Bitcoin cannot be manipulated or devalued by government decisions. It is also not subject to the fees and regulations imposed by the world banks.
Where Bitcoin and the normal money we use in day-to-day life find common ground is in the ways they function. Just like the dollars in your pocket, Bitcoin can be used to buy goods, make investments, and pay for services- as long as the transaction happens digitally.
The way Bitcoin is being used is always growing and evolving. Before we talk about what influence Bitcoin has today, let's look at how it got here.
The concept of cryptocurrency has been around since the early 80s. Talk of the new form of finance that was free from the restraints of traditional banking has long since been envisaged but was not brought to fruition until the birth of Bitcoin in January 2009.
Attempts had been made in the late 90s to create a currency like this. Eary steps were taken, but Bitcoin was the true beginning of the crypto revolution. It was born out of the infamous crash of 2008, where trillions of dollars were lost. Over-lending and bank instability were two of the major contributors to the disaster, which left many people in an understandable place of concern.
If the institutions that we trust with our money could be responsible, in part, for one of the worst financial crashes in history, then how safe can they truly be? The push for more independence from the banks was one of the driving forces behind bringing Bitcoin into the world.
There are now more than 10,000 different cryptocurrencies available to trade in. Although some have risen through the ranks to become major players, there are none so prolific as Bitcoin. Even if you know nothing about crypto or trading, the chances are you have still heard of Bitcoin. Well over a decade after its creation, it is still the undisputed leader in the cryptocurrency race.
Far from the days when Bitcoins were only rewarded after a tedious, complicated mining process, Bitcoin is now everywhere. You can even buy into the currency at specialized ATMs using your credit card! More than 40 million Americans now own Bitcoins, and their value remains a huge talking point in the financial industry today.
Experts have now predicted that Bitcoin is going to overtake the US dollar to become the leading international currency by the year 2050. The rate at which the interest in the crypto market has grown in recent years shows one thing: the world is ready for a new type of finance.
As with any substantial change to the way the world works, Bitcoin has its critics. The volatile market value may scare some people, but that is where the beauty lies for smart investors. Where the naysayers claim instability should drive people away from Bitcoin, the industry experts say to buckle in a enjoy the ride.
Nothing about the future of finance is set in stone, but it does seem to be pointing towards a crypto takeover. Because there is a finite number of coins still to be mined, eventually, there are going to be no more left. When that day comes, the true potential of what Bitcoin can achieve is going to be realized.
The value of Bitcoin is ever-changing and is based entirely on supply and demand. Whenever a new coin is mined, the value changes and the market gets stirred up. If you are invested in Bitcoin, you can use these fluctuations to your advantage.
Aside from the exciting possibilities of Bitcoin trading, there are also several benefits of using cryptocurrency rather than normal money:
There are no international transfer fees when sending a Bitcoin payment. Where a bank may charge a high percentage to move money overseas, your crypto wallet does not belong to one country, therefore international transactions don't really exist.
You have complete transparency in every move you make with your Bitcoin. All transactions are recorded on the blockchain network, and there are no middlemen whenever you send funds.
Security is a predominant feature in Bitcoin trading. People who enjoy knowing their money is secure and protected like the cybersecurity backup that comes with a Bitcoin investment.
Investing in Bitcoin gives you a more diversified portfolio and opens up your financial future. Why keep all your eggs in one basket when it comes to your capital?
There are plenty of reasons why investing in Bitcoin is a good idea. More than anything, it is exciting to be part of the next step in the world economy, and it could be damaging to be left behind. Always remember that, like any investment, there is always an element of risk involved. Before investing, consider the risk/reward balance and make sure it is within your parameters.
Bitcoin trading is all about buying when the value is low and selling when it is high. Successful traders are able to read the markets and predict when the value is going to change.
This takes time, practice, and more than a little savvy. You speculate about possible movements and buy or sell based on your predictions. By selling Bitcoins at a higher value than you bought them for, you earn more fiat currency. Some people trade Bitcoin against other cryptocurrencies, but the principle remains the same.
Trading apps are designed to make the market more accessible and the process simpler. Although you do the same thing, you have the support of the app to help to understand more about the trades you are making. Apps make interacting with the stock market easier by putting all the information in one place.
Because they are set up to simplify the process and get rid of all the over-complicated, unnecessary information, they give you are clearer view of the big picture. When you can read the market better, you can make more intelligent trade decisions and get more out of your Bitcoin investment.
BitIQ is the best place to put your Bitcoin into action. Our trading platform helps you in the following ways:
Of all the Bitcoin trading apps out there, BitIQ is one of the most dedicated to its members’ journeys.
Now that you have a better understanding of what Bitcoin is and how Bitcoin trading works, let's talk specifics. Not all trading apps were created equally, and each has its own way of doing things. Trading with BitIQ is accessible and enjoyable for everyone- no matter how much, or how little, the experience they have.
Here is a rundown of what to expect as a member of BitIQ and how exactly the process works:
After registering your account, you are automatically granted access to our top-tier contacts and market opportunities.
You deposit funds into your BitIQ account and transfer it into Bitcoin..
All our members are then contacted by one of our hand-selected international brokers. They are all trusted experts and excellent people to help you get started. You discuss with them your trading experience and goals. Afterward, you can then choose to make trades directly through them or by using the software provided on the app.
After this conversation, you can begin to make trades. Your funds are your own to control, and you can withdraw at any time. Sign in to the app at any time to check the market and track your funds.
Our software and the brokers we work with all function at the highest level of Bitcoin trading. BitIQ provides all the tools and guides you on how best to use them.
Signing up could not be any easier! You can become a member in just a few minutes by filling out some basic details. All we require from our new members are:
To register an account and agree to the terms and conditions
Have an active digital wallet and Bitcoin account
Make a starting deposit into the BitIQ account
Speak with our broker and decide how you wish to proceed
To sign up, you can visit our login page. Fill out your name, email address, and contact number then set your username. Sounds easy, right? Well, it is! All our member accounts are free of charge: we do not charge a setup fee or charge you to use our service!
All we ask is that you enjoy the platform we have built for you and use our expertise to your advantage. You can log out and into your account whenever you want and can install our app on multiple mobile devices.
Why wait any longer? The Bitcoin trading market is always evolving and is easily one of the most exciting investments out there today. Don’t be left behind- get on board and see how far the journey can take you! Bitcoin is not fading away, and now is the time to get involved.
Let BitIQ be the one that opens the door for you. Our expert team has worked tirelessly to create this streamlined, intelligent app so that everyone can have their shot at the Bitcoin market. Sign up today!
The value of Bitcoin is always changing. It is determined by supply and demand, newly mined Bitcoins, and fluctuation in other markets. The best way to keep up to date with the most recent valuation is on a Bitcoin exchange or tracker. On there you can find the current price of one coin and how it has moved recently in the market.
Bitcoin Ticker is one of the best places to do this. Updates are in real-time and track the value across multiple exchanges.
No trade can be considered entirely safe due to the nature of the industry. Even the most experienced person can make a mistake in their speculation. Always remember when trading in Bitcoin to calculate your risk and trade within your acceptable parameters.
From a security standpoint, Bitcoin is relatively safe. This is thanks to the Blockchain Network and its default privacy protocols. You should never share your security keys with anyone else to avoid any hacks or other unwanted access.
BitIQ has a minimum deposit of equal to $250. You can make this deposit in US Dollars, Euros, or Pound Sterling. If you wish to deposit Bitcoin from a digital wallet, this is also possible. We keep our entry deposit low to make the platform more accessible to more people.
Yes, you can. BitIQ is designed to work compatibly with all mobile devices, allowing our users to trade conveniently on the go. We work with all leading mobile device manufacturers. You can find our trading app in the App Store if you use Apple products or in the Play Store for Android models.