Whether you’re looking into trading cryptocurrencies, you’ve just starting out, or you’ve been doing it for a while, it’s always good to know the basics to maximize your chances of successfully earning profit from trading cryptos.
Some of these things may seem like common sense, but when you look at the reasons behind those who fail, they do so because they deny these simple truths.
Here are the five laws for trading cryptocurrency:
The recent explosion in the interest of Bitcoin has lead a variety of inexperienced investors putting their money into the digital asset. However, a large number of buyers have no idea what they’re getting into concerning security and protecting their investments.
According to CNBC, Coinbase grew by about 1.9 million users in September and October of last year alone. It’s highly unlikely that most of those users took the proper security measures required to keep their coins safe.
Going toe-to-toe against the big guy was incomprehensible for most small-to-medium business (SMB) owners as recently as 10 years ago. Back then, SMB owners were solving problems with thumb tacks and elbow grease.
Cloud computing has changed the way that SMBs take on the Goliaths.
Regardless of your profession, your passion, or your place of employment, working efficiently as possible is a top priority.
Productivity is the gauge against which we measure ourselves. How much work can we do? How high of quality is it? How many tasks can be checked off on our list on a daily basis? They all point back to the same buzzword.