Lester Daniels's Avatar
Lester Daniels
published in Blogs
Oct 23, 2021
Curious About Bitcoin? Here are Some Basics About Investing

Curious About Bitcoin? Here are Some Basics About Investing

Bitcoin is arguably the buzziest investment the marketplace has seen in years. The digital currency continues to soar in price even as large bouts of downside volatility has shaken it along the way. With rising prices and the potential for even bigger gains ahead, many investors are wondering if and how they should get involved.

But before discussing the basics of investing in bitcoin, there is one thing I should make clear: this is not a recommendation to buy bitcoin. Doing so involves the risk of a total loss, and investors should perform thorough due diligence on their own before deciding to invest. There could be a great deal of opportunity in bitcoin in the future if it continues to gain popularity and to grow, but ultimately it is for the individual investor to decide if the investment makes sense for him/her. This post is simply meant to offer readers a few of the basic “ins-and-outs” of bitcoin.

One of the first steps for new bitcoin investors is to procure a bitcoin ‘wallet,’ which you might think of as a digital bank account of sorts for storing your bitcoin. Depending on the security levels you want, different types of wallets are available. Some act like everyday spending accounts and have functionalities you’re probably familiar with, while others offer much more sophisticated protections.

There are essentially three wallet options from which to choose: 1) a software wallet stored on the hard drive of your computer; 2) an online, web-based service or 3) a 'vault' service that keeps your bitcoins protected offline and/or has sophisticated keys for opening. At the end of the day, many wallet choices have vulnerabilities and the system is far from perfect. There are multiple wallet providers from which to consider. Coinbase is one of the more popular wallets and exchange services that will trade US dollars and euros for bitcoins. The company has web and mobile apps.

Once you have your wallet and bitcoin you may consider one of the many exchanges if you want to engage in active trading. At this time, the largest full trading exchanges by volume are Bitfinex (Hong Kong), Bitstamp (US), BTC-e (unknown), Kraken (US), Huobi (China and Hong Kong), OKCoin (China), and BTCC (China). To enter the exchange, you generally need to provide proof of identity and contact information. This is the law in most countries and no regulated exchange can get around it, as any company interfacing with the current financial system must meet 'know your customer (KYC) and anti-money laundering (AML) requirements.

In terms of how to trade bitcoin, one strategy to consider is trading with the trend, assuming you have the tools needed to identify trends in the market. The founders at Tickeron have developed Artificial Intelligence (AI) for Trend Prediction Engine, (TPE). If you are interested in testing out the AI to see how it works for stocks, just visit www.tickeron.com and sign up for a free trial.

Finally, if you are strongly considering trading and investing in bitcoin, consider these three things:

  • Trading in Bitcoin is highly speculative and could result in a total loss, though there may be unlimited upside potential as well
  • There is no leverage when purchasing bitcoins. Just as with the purchase of an option, the amount of money at risk is therefore limited to the amount of money paid for the bitcoins.
  • If you are going to try to trade bitcoin, be prepared for a great deal of volatility, and be sure to use the capital you have set aside for risk-taking.

 

Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.