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Bitcoin

What is Bitcoin?

Bitcoin is called the mother of cryptocurrencies, Bitcoin is a very popular coin, and many holders have received multiple returns by investing in this coin, even though the price of Bitcoin, in the beginning, was 1 dollar, it has been trading forever. A maximum of $64,974 in November 2021.

Profit and Loss in Bitcoin

The Crypto market is a very volatile market, the market fluctuates a lot in a short period of time, and no one can tell when the price will rise and when it will fall, experts trade with reasonable understanding, and technical before trading with beginners. And a good understanding of fundamental analysis is essential otherwise there is high risk and loss.

Can I invest in Bitcoin?

You can invest in crypto if it is legal in your country. But before investing in crypto, you should know about its risks, your invested funds may increase several times and your entire funds may be exhausted, if you want to trade with all risks, you can start trading with an account in any good exchange. . Binance is currently a tier 1 exchange and you can create an account here.

Trading rules

You can trade in 2 ways short trade and long trade

short trade

If you are well experienced then you can do short trade, a short trade is buying and selling coins in a short period of time (eg 1m, 5m, 10m, 1h, 1 day, 2 days) I think beginners should not do short trade, a short trade is risky. . Technical and fundamental knowledge is essential for short trading.

long trade

Long trade means holding a currency for a long period of time, long trade has less risk, and it is a good way for new traders, I think long trade is better than short trade for beginners, but fundamental good coins should be traded, research about currency above,

Bitcoin staking

If you buy bitcoin for the long term then you can share it on your exchange site and earn some % which will be added to your wallet daily, one thing to remember is that the exchange site should be trusted, I would say you can use Binance

                                    

my opinion

Know the risk before investing in crypto, because in crypto there can be both profit and loss, so you should have good knowledge in crypto investment, no one will take responsibility if your money is locked. So be careful.