Bitcoin Buyer is the next step when it comes to the Bitcoin marketplace. The world has already set its course for a future where Bitcoin reigns supreme as a currency all over the world. It's going to be used by people, governments, and corporations equally, making it one of the most accessible currencies ever created.
Bitcoin Buyer can help you get started with your Bitcoin trading. The platform specializes in providing beginners with a stepping stone in their Bitcoin investment journey, possibly making it the perfect starting point if you've never dabbled in Bitcoin before.
Of course, before delving into the platform itself, it would be helpful to explain to you what Bitcoin is. You've probably heard the name here and there, but you might not understand just what this new buzzword means or relates to.
Well, Bitcoin is a cryptocurrency. In fact, it's THE cryptocurrency. Many have followed in Bitcoin's footsteps, but none even come close to Bitcoin in value.
So Bitcoin is a cryptocurrency. Great, but what's a cryptocurrency?
As the name implies, it is a currency that exists solely in the crypto space, which is to say, in the digital form. Not necessarily on the internet, but as raw digital data.
Each unit of crypto exists exclusively on computers. There is no physical coin, dollar, note, or bar equivalent. You can't put a handful of Bitcoin in your pocket to go on a shopping spree.
That's the very basic definition of what Bitcoin is. Before diving in a bit deeper, try to imagine the significance of this.
A currency that is entirely digital and global. In other words, there are no governments or banks able to control it. It's inflation-proof, decentralized, and can move between accounts and borders seamlessly.
It comes as no surprise, therefore, that financial conglomerates are starting to use it to move money around different countries.
Hopefully, you understand Bitcoin a little bit better now. However, you might still ask yourself, so why Bitcoin? Sure, the dollar might be taking a beating, but the Euro isn't doing too bad.
Well, the popularity of Bitcoin and the perception of it by some people as being the financial "chosen one" has nothing to do with its performance against other currencies.
In fact, it acts more like a commodity than a currency when you trade it.
No, the popularity of Bitcoin has to do with a handful of specific things.
First and foremost, it's the ethical and moral impact of the coin. Bitcoin is like a Libertarian's dream come true. The coin is completely out of the controlling hands of banks or governments, or any institution for that matter. The Bitcoin blockchain, meaning the Bitcoin network, is fully decentralized, leaving nobody in control.
It's uncontrollable, subject to fewer fees and taxes, and untraceable. If Uncle Sam decides that he's upset with you, he can freeze your bank account, seize your assets, and financially lock you down.
Is your money really your money if someone sitting at the helm in the White House or at the FBI can press a button and take it all? The team at Bitcoin Buyer certainly doesn't think so, and neither do Bitcoin supporters.
Aside from the political motivations of Bitcoin investors, there is another small fact to consider, namely that Bitcoin is inflation-proof. Small as it may be, this is actually what is pushing global governments to adopt the currency.
Did you notice that a dollar today is not worth the same amount as it was ten years ago? Sure, the average income has gone up, but so has the cost of living, and the increase is not proportional.
Every single major economy in the world, from the USA to Brussels, is set to collapse. It's not even anyone's specific fault; it's simply the way the economic cycle is set up. However, these crashes spell disaster for the world— a serious and imminent danger.
By moving to adopt Bitcoin as a currency and gradually moving away from the dollar and Euro, these governments can possibly save the global economy.
Look at it this way, in ten years' time, there is a chance that one Bitcoin is going to be worth more than it is now. However, it's also possible the dollar would depreciate and lose half its value in the same ten years.
Of course, if you're not interested in the politics or economic repercussions of Bitcoin, you can always use it as an investment tool and stay away from the philosophical debates.
Just be aware that trading in Bitcoin is nothing like a traditional Forex currency. Instead, it behaves and acts more like a commodity. There's a reason that Bitcoin is referred to as digital gold by some traders, and it's not because it's valuable.
The price of Bitcoin swings dramatically in both directions over a short period of time, unlike anything you’re going to see happening to the dollar or the pound.
The value of the coin is subject to the supply and movements of large investors. There's a lot more volatility in the Bitcoin market, making shorting Bitcoin a risky endeavor for the brave trader.
At Bitcoin Buyer, they aim to help you minimize that risk and dip your toes in the Bitcoin waters before diving in head first.
If you're not familiar with trading terminology like shorting, levels, and candles, then Bitcoin Buyer is for you. It is a trading platform designed for the average person, giving you an equal playing field against Wall Street's suits.
Rather than telling you about the future of Bitcoin, suffice it to say that the future may be Bitcoin.
It might be the single most important invention of the digital age since the creation of the world wide web.
This single coin may completely restabilize an economic system that has been doomed to fail since the start. It's humanity's get-out-of-jail-free card.
In the coming years, you might be seeing Bitcoin pop up everywhere. Just recently, 2021 was a massive year for Bitcoin, as the SEC, or the U.S. Securities and Exchange Commission announced its plans to regulate Bitcoin in the United States, which means the rest of the world is going to follow suit.
This is huge. You might think that Bitcoin regulation is a bad thing, and you wouldn't be alone in that point of view. However, you could be wrong.
By regulating the currency. The U.S. is getting ready to adopt Bitcoin, legitimize it, and prepare to utilize it as a mainstream currency.
If the U.S. starts to use Bitcoin, you might see many world leaders doing the same. In fact…
A new cold war is coming, unlike anything ever seen before. Each of the world's superpowers is going to be battling it out in the digital sphere for cryptocurrency supremacy.
It's a fresh start for each country's economy, meaning you're going to see massive efforts to bolster a nation's crypto over that of another nation.
This might sound scary, but it's actually great. It means that the market is going to get super competitive, giving you plenty of opportunities to explore.
More importantly, though, it gives everyone a chance to invest in Bitcoin before the crypto cold war hits.
You don't have to choose a side. Rather, you can play all the available fields. Everyone has the potential to prosper, and Bitcoin Buyer allows them to step into that realm.
Sounds exciting? It should. The team at Bitcoin Buyer is passionate about Bitcoin. More than that, though, they’re passionate about teaching people all there is to know when it comes to Bitcoin, crypto, and what it means for the greater economic landscape.
That's what the entire platform is dedicated to. Bitcoin Buyer wants to help you start your Bitcoin journey in a controlled environment that allows you to experiment without going all-in from the get-go and saving you some of the research and study needed to make your first Bitcoin trade.
The platform is designed to take the complication out of Bitcoin trading and, by doing so, to get rid of the elitism that has held a tight grip on crypto for so long.
Bitcoin is important for the future, and everyone at the top of the pyramid might start using it, so you should have the option to use it, too.
You should study Bitcoin and crypto, of course, it’s going to help your trading understanding in the long run, but for now, the platform can be a stepping stone on your journey through the Bitcoin digital sphere.
At Bitcoin Buyer, the team has encountered all manner of questions about Bitcoin since the platform’s inception. It’s only natural, as they aim to provide a platform that allows beginners to get their footing in a brave new world.
That's why they've put together this FAQ section for you. Rather than running around in circles looking for an answer, some of the most common questions are cleared up below.
This is a question that tends to confuse a lot of beginner Bitcoin traders. Being fully digital, people can be left a little puzzled when it comes to storing their Bitcoin. They're used to heading to the bank to make a deposit, so things can get complicated when that is taken out of the equation.
For Bitcoin, you have three different storage options.
The first two are either storing your Bitcoin in a hot wallet or in a cold wallet.
A hot wallet can be any device connected to the internet, be it your phone, laptop, or tablet. There are apps and programs that you can download that allow you to store your crypto on them, making it easy to access and move around for day-to-day trading.
These days, hot wallets are the most popular type because of how easy it is to move your Bitcoin around. If you're going to be trading Bitcoin a lot or using it to buy things, then you might want a hot wallet.
Hot wallets are always connected to the internet, and that doesn't sit well with some people. When major investors are dealing with hundreds of millions of dollars worth of Bitcoin, they don't want to leave themselves open to a cyber-attack, no matter how unlikely that may be. This is why they invented the cold wallets.
You don't need to be a big investor to use a cold wallet, though. If you plan to buy Bitcoin and hold onto it rather than actively trade, then a cold wallet is what you want.
These wallets are dedicated encryption devices that are used solely to store your crypto. You can buy them from various vendors online, and so long as you're getting the genuine article, it's completely hack-proof.
Cold wallets are the safest way to store your Bitcoin, but it means you need to move your coins from the cold wallet to your computer's hot wallet and vice versa any time you want to move it around.
A word of advice, make sure you don’t buy a cold wallet from a second-hand site like eBay. Even buying one from Amazon is ill-advised. You should buy it from a dedicated manufacturer.
Otherwise, you risk being sent out a wallet with a preinstalled virus that is going to steal all your coins. This is the only way your wallet can be breached, so keep that in mind.
If you're going to get a cold wallet, a Ledger Nano is highly recommended. These wallets are inexpensive and great for traders looking to invest in Bitcoin like they would in a savings account.
Your last option for storing Bitcoin is to leave it in a trading brokerage, but that may be inadvisable.
Almost all of the cryptocurrency hacks that have ever occurred have been related to broker sites. These sites have good encryption, but Bitcoin wallets have the best encryption. When you leave your coins on these sites, you're leaving them susceptible to hackers.
What can be really scary is looking into Bitcoin for the first time only to see that one unit is worth between $20,000 and $30,000.
You're going to be left perplexed as to how you can actually invest. Nobody can reasonably expect beginner traders to have $25,000 lying around to be used as a learning curve.
Luckily, nobody does. Bitcoin can be broken down into eight decimal places called Satoshi, after the coin's creator.
This lets you buy far less than a five-digit sum of Bitcoin. You can buy as little as one dollar worth of Bitcoin if you want to.
Just because you can buy one dollar worth of Bitcoin doesn't mean that you should. As a rule of thumb in any kind of investment, the ideal starting point for all beginner Bitcoin traders would be to start with an amount that they feel comfortable with and can afford to lose. At Bitcoin Buyer the minimum deposit limit is 250$
Yes, but those aren't Bitcoin. Bitcoin is a cryptocurrency in the same way that the dollar is a fiat currency.
There are other types of cryptocurrency, but none of them have even come close to matching either the price or popularity of Bitcoin.
The disparity between Bitcoin and the other cryptocurrencies is so great that the price of Bitcoin dictates the price of the entire market. When Bitcoin is going through a slump, you might see every other coin go through a slump, as well.
When Bitcoin is doing well, however, every single coin might benefit as a result.
Nobody actually knows. The invention is attributed to an alias, Satoshi Nakamoto,” but whether that's a person, a group, a network, or an alien, nobody knows.
The alias ceased all online activity some years ago, so it's unlikely that anyone is ever going to find out the identity of Bitcoin’s creator.
Yes, every single transaction you make with Bitcoin is entirely anonymous. Unlike your bank account, which can be tracked by the bank itself, as well as the federal government, your Bitcoin transactions are for your eyes only.
There is no superpower behind Bitcoin. It's a deregulated network supported by the people. Therefore, even if your transactions weren't anonymous, there wouldn't be anyone there to even look at them.
That being said, Bitcoin has been programmed with the most state-of-the-art encryption ever seen, so don't worry about any privacy concerns.