Immediate Experience is a trading platform that has the option to fill new and experienced traders with the confidence of Bitcoin trading. It helps them land in the cryptocurrency world and be able to trade on a variety of Bitcoin trading pairs. If you are interested in trading on Bitcoin with Immediate Experience , it will take you no more than a few minutes to get started once you sign up on.
The platform has many features that can hopefully suit experienced and novice traders in the same way. You can get the latest news from the market before you make a trading decision. Find out what the most important financial events will take place in the coming year when you use the economic calendar. Or maybe switch between different chart views to know more than just the price of the asset.
You can use your trading platform the way you like. With some level of customization on the platform, you can arrange things in a way that makes sense to you. You can configure the platform to be able to see only certain assets and their charts when you log in. Furthermore, you can create a list of Bitcoin trading pairs that you are most interested in trading on.
If you are busy for some reason, you can ask for assistance from your account manager to point out the trading opportunities that meet your trading preferences and parameters. Of course, you can always use the many trading tools to back up your trading analysis with more information and data.
Immediate Experience has made the online Bitcoin trading experience quite efficient by taking away the repetitive tasks and letting you scan the markets and execute traders within only a few clicks. It does away with distractions and lets you focus on what you like most i.e. trading.
If you wish, you can begin your trading journey with a small deposit that lets you activate your live trading account, gives you access to trade on many trading pairs, and allows you to try and take advantage of various trading tools, indicators, and signals.
Before you jump into trading and put your money on the line, you are recommended to read the training material and educational resources you are given as a part of your trading account. Furthermore, it might be best to use the demo account to familiarize yourself with what the platform’s interface looks like and what trading live feels like.
Making an investment decision should surely involve some thinking, but no overthinking. The more you think about something the more you put yourself in doubt. Keep in mind that the money you have in your savings account or the cash you are keeping in a metal safe might be slowly losing value due to inflation and many other factors.
By investing the same money, you might be able to increase it. Yes, that definitely requires you to take risks but you won’t be the first one to do that. Many people are joining the online cryptocurrency trading world every year and just as many have been a part of it for several years now.
As much as you think it’s a difficult or complex process, it’s exactly the opposite of that. Bitcoin trading might not be so difficult and Immediate Experience can hopefully simplify it for you because it has been designed with traders in mind. Here are a few things you need in order to invest in Bitcoin.
You may think you need a lot of money to become a Bitcoin trader but that’s not true at all. If you sign up on a platform like Immediate Experience, you can begin with as little as $250.
If you wish to sign up and open your trading account, you are given access to various educational resources. It’s best that you take some time out of your schedule to read those materials before you begin trading. Don’t be under the impression that knowing the concept of supply and demand will be enough for you to hopefully trade successfully.
There are many other concepts and quite a few technicalities that you will have to understand as a Bitcoin trader. If nothing, you will have to understand what Bitcoin is, how it works, and what makes it different from other conventional assets. Not only should you learn trading, but you should also use the demo account to practice what you have learned before live Bitcoin trading.
Does it always end up with a loss? Will you always be successful in your trades? None of those statements is completely true or false. Losses and profits are a part of investments and you have to be prepared for them. It’s best that you keep any misconceptions and false hopes out of your mind. For example, a lot of people believe they can become millionaires as soon as they make their first trade.
That’s not true at all. Bitcoin trading is as risky as any other investment in the world and it is quite possible for you to lose your entire initial investment. For this reason, you are always recommended to start small, test the waters first, and then maybe take the dive.
First of all, you have to have this connection that tells you cryptocurrencies are here to stay. You can’t be doubtful about them and invest in them at the same time. Furthermore, you have to be a part of online social networks, communities, circles, and forums that discuss cryptocurrencies. This will keep you informed of the latest happenings.
The best way to go about it is to pick communities dedicated to the cryptocurrency that you are interested in. For example, if you go on Reddit, you can find communities dedicated to Bitcoin discussion. These subreddits can give you a quick update on Bitcoin and let you know what the overall trader sentiment is before you make a trading decision.
It should be clear at this point that you have to find a way to be connected to the circles and communities that talk about Bitcoin and cryptocurrencies to be in the know of things. Additionally, you should know the many factors that may push Bitcoin’s price up or pull it down. Here are the top factors affecting the biggest cryptocurrency in the world.
It’s the basic supply and demand at play here. Bitcoin may be the most popular but with so many cryptocurrencies out there, the investor pool will definitely be divided. In simple words, the more cryptocurrencies emerge on the scene, the more the investors will be dispersed because many people will be investing in many cryptocurrencies.
This may bring the price of the existing cryptocurrencies down, more so when a new project seems legitimate, has a great roadmap, and proposes a solution to a real problem. To delve further into details, if this new solution betters an existing solution, you might expect the price of the existing one to go down.
When big countries come down hard on a particular digital currency, its value starts to drop. Some of the countries playing a key role in affecting the prices of digital currencies are the USA, China, Australia, the UK, and Japan. Regulation is a factor that instills fear in investors. More importantly, when there is uncertainty surrounding a cryptocurrency, its price usually starts to dwindle.
However, it has been proven with time that most countries are interested in finding a way to incorporate Bitcoin in their existing systems rather than completely banning it. Many countries, such as India, tried to ban Bitcoin but then retracted and found other ways to tackle the situation, giving rise to the discussion that the country sees Bitcoin as a valuable asset.
More and more cryptocurrency exchanges are emerging from different countries of the world. According to Forbes, more than 500 different cryptocurrency exchanges exist today. Now, when you choose a specific digital currency for trading, you have to see how many exchanges it is available on. This shows the acceptability of the crypto and how liquid it is.
The more exchanges list a cryptocurrency, the more it may add to the credibility of that coin. The more credible a coin is, the higher its demand might go. As you may have guessed, the higher the demand goes, the more its price might push upward. Bitcoin and Ethereum are the two currencies that you will find on just about every crypto exchange in the world, and their credibility is evident from their values.
Another factor you should consider is that when a cryptocurrency is new and available only on a few exchanges, those exchanges might charge you a relatively bigger fee for selling that digital currency to them.
Media hype is real and you don’t have to limit your scope to TV channels when you hear the word media. The truth is, your favorite vlogger or blogger talking about a particular digital currency in their YouTube video is also considered media. Many social media influencers have been found guilty of endorsing digital currencies that they had stakes involved in.
Time and again, these influencers have failed to inform the public of their personal interests in the coins they were promoting. This causes a flurry of buying or selling activity that either impacts the price of the digital currency.
It is highly advisable that you make it a rule to not react to media hype as quickly as most people do. Many have lost millions of dollars by investing in projects they thought were great because someone on social media endorsed them. They only found out later that the person hyping up the project was also a part of its creation.
Last but not least, you have the costs associated with the production of a cryptocurrency that could cause its price to go up or down. What exactly affects can’t be predicted with accuracy because you never know how the market will react, but cost of production certainly may affect the price of the asset.
In the case of Bitcoin, you have the mining process that requires miners to use extremely heavy-duty computing machines for solving extremely complex mathematical riddles. The rewards they get for successfully solving the problem is Bitcoin. However, the number of bitcoins awarded to the miner goes down every 4 years. On the other hand, the costs are going up since the mathematical problems are becoming more complex with time.
Signing up with Immediate Experience is easy and won’t take much of your time. Here are the 3 easy steps to complete your signup process.
If you wish to sign up, firstly, you register on the platform by filling out the signup form and giving your agreement to the privacy and product use policies. Once done, you click on a verification link and make the initial minimum deposit.
At this point, you can use the educational resources to learn Bitcoin trading. You can also tell your account manager your trading preferences to create a trading plan for you. Use the demo account to practice trading.
You can take smaller steps in the beginning. Familiarize yourself with the market and pick the Bitcoin trading pairs that make the most sense to you. Don’t take big risks or take steps you can’t afford.
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It’s the event when the reward you get after each successful mining becomes half of what it used to be.
The November of 2012 marks the first Bitcoin halving event.
From the middle of 2020, you will get 6.25 bitcoins when you mine successfully.
Yes, over the course of time, it has been proven that some level of Bitcoin inflation does exist. The inflation rate of Bitcoin, however, remains under 2%.