As you probably noticed the whole BitCoin buzz is just becoming more and more intense, and everybody now seems to be talking about the Cryptocurrency, mainly BitCoin.
It’s like a chain reaction or a rolling wave that is just getting bigger the closer it gets to the end. Just like a whole BitCoin Cryptocurrency.
As the end of 2017 and beginning of 2018, the BitCoin price skyrocketed to around $16 000, which nobody really expected, since the forecast prediction done by experts was that BitCoin is going to hit the top of $5000 by the end of 2017, that was a quiet miss shot I’d say.
So as you can see, it’s like a deflating and inflating bubble that may soon going to burst and survival cryptocurrencies such as BitCoin will get stabilized. But who knows when that all be, all I can say is that never think that you are 100% sure what’s gonna happen in the Crypto market.
Buying a BitCoin is like trading, not investment, as many people would think.
Even considering the fact that BitCoin just grows up ever since created, we still don’t know what is going to happen in the future.
The best to do is to know when to get in the market and when to get out, which is exactly what trading is.
To figure out how to trade BitCoins without losing money, you will need some guidance or a simple plan, but nothing over complicated. When the things get complicated, people do mistakes, that’s how it is.
So that everything seems great, but it has a few downturns too.
In the middle of last year, the higher and higher transaction fees started occurring, which climbed up to around $30 per transaction on average now, compared to around $1 several months ago.
The cause of this is because more and more people are coming in which takes more time for the transactions to process.
Will the transaction fees go low again?
Who knows, I don’t.
But there are many more ways how to trade bitcoins, not just buy and hold.
One of the great strategies is cold Mining.
I will talk about BitCoin Mining in the next post, where I will describe it in the more detail.
Get some basic information and BitCoin charts at BlockChain.info.