Bitcoin Bugger is the next big thing 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.
At Bitcoin Bugger, we're able to help you get started with your Bitcoin trading. We specialize in providing beginners with their first steppingstone in their Bitcoin investment journey, making us the perfect starting 2place if you've never dabbled in Bitcoin before.
Of course, before we tell you about us, it would help explain to you what Bitcoin is. You've probably heard the name here and there around the place, 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. Plenty has followed in Bitcoin's footsteps, but none have even come close to Bitcoin in value.
Therefore, Bitcoin is a cryptocurrency. Great, but what's a cryptocurrency?
As the name implies, a cryptocurrency 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 for a trip down to the shops.
That's the very basic definition of what Bitcoin is. We're going to dive into it a bit deeper now in a second but 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's no surprise that we're seeing financial conglomerates beginning to use it to move money around different countries.
Hopefully, you understand Bitcoin a little bit better now. However, you might still have the question as to 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 as it 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 best dreams come to life. The coin is completely out of the control of any banks or governments, or any institutions for that matter. The Bitcoin blockchain, which is to say 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 some fat cat in the White House or the FBI can press a button and take it all? We here at Bitcoin Bugger don't think so, and neither do Bitcoin supporters.
Aside from the political motivations of Bitcoin investors, there is a little fact that Bitcoin is inflation proof. We say little, but this is actually what is pushing global governments to adopt it.
We don't know if you've noticed, but a dollar today is not worth the same amount as a dollar was 10 years ago. Sure, the average pay rate 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—serious and real disaster.
By moving to adopt Bitcoin as a currency and gradually moving away from the dollar and Euro, these governments are going to save the global economy.
Look at it this way, in 10 years' time, one Bitcoin is going to be worth more than it is now. It's perfectly viable for the value of one dollar to half in that same amount of time.
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 when you go to trade Bitcoin, it doesn't behave 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, and it's not because it's valuable.
The price of Bitcoin swings dramatically in both directions in the short term, something that you're not going to see the dollar, or the pound do.
The value of the coin is subject to the supply and the movements of large investors. There's a lot more volatility in the Bitcoin market, making shorting Bitcoin a risky endeavor for the brave trader.
Here at Bitcoin Bugger, we're able to help you minimize that risk and dip your toes in the Bitcoin waters before diving into the deep end.
If you're not familiar with trading terminology like shorting, levels, and candles, then Bitcoin Bugger is for you. We simplify trading for the average person, giving you an equal playing field against Wall Street's suits.
Rather than telling you about the future of Bitcoin, we're going to tell you that the future is Bitcoin.
It might be the single most important invention in the digital age since the creation of the world wide web.
This single coin is going to 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're going to start seeing Bitcoin pop up everywhere. Immediately, though, 2021 is a massive year for Bitcoin. Why, you ask? Well, the SEC, or the U.S. Securities and Exchange Commission, is going to be regulating Bitcoin in the United States, likely with the rest of the world to follow suit.
This is major. You might think that the regulation of Bitcoin is a bad thing, and you wouldn't be alone in that point of view. However, you would be wrong.
By regulating the currency. The U.S. is setting up to adopt Bitcoin into mainstream life, legitimizing it and preparing to utilize it.
When the U.S. starts to use Bitcoin, you can bet that the rest of the major world leaders are going to do the same. In fact…
A new cold war is coming, unlike anything we have ever seen before. Each of the world's superpowers is going to be battling it out in the digital space 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’s.
This might sound scary, but it's actually great for you. It means that the market is going to get super competitive, giving you plenty of prosperous opportunities.
More importantly, though, it gives you a chance to invest in Bitcoin before the crypto cold war hits.
You don't have to bet on one side. Rather, play all the fields available. Everyone is going to prosper, so invest now and let yourself be apart of that group.
Sound exciting? It should. We here at Bitcoin Bugger are passionate about Bitcoin. More than that, though, we'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 our entire platform is dedicated to. We want to help you start your Bitcoin journey from a controlled environment that allows you to experiment without going all-in from the get-go and without putting in all of the research and study needed to make your first Bitcoin investment.
We aim to take the complication out of Bitcoin investing, and by doing so, we aim to demolish 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 is going to be using it, so we believe you should be able to use it, too.
You can always study Bitcoin and crypto, of course, and that is going to help your trading game in the long run, but for now, we want to act as a steppingstone on your journey through Bitcoin.
At Bitcoin Bugger, we've been asked a lot of questions about Bitcoin since our inception stages. We aim to provide a platform that allows beginners to get involved in new and complicated technology, so it's only natural.
That's why we've put together this FAQ section for you. Rather than running around in circles looking for an answer, the hope is that any of the common questions you might have are cleared up down 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 on a hot wallet or 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 the day-to-day trading.
Hot wallets are the most popular type these days 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're going to 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 in 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 cold wallets exist.
You don't need to be a whale investor to use a cold wallet, though. If you plan to buy Bitcoin and hold onto it rather than actively trading it, 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 places online, and so long as you're getting one that is genuine, 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 wallet to your computer's hot wallet and vice versa any time you want to move it around.
However, make sure you're never buying a cold wallet from a second-hand site like eBay. Even buying one from Amazon is ill-advised. Only buy them from the dedicated store of the 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, we recommend getting yourself a Ledger Nano. 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 on a trading brokerage, but we would heavily advise against that.
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, which is exactly what you don't want.
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 actually invest. Nobody can reasonably expect beginner traders to have $25,000 sitting around to learn to trade with.
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, $250 is considered the ideal starting point for all beginner Bitcoin traders.
This is the minimum deposit limit that we use here at Bitcoin Bugger, so we're putting our money where our mouth is when it comes to that belief.
Yes, although these other coins aren't Bitcoin. Bitcoin is a cryptocurrency 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 can expect every other coin to go through a slump, too.
When Bitcoin is doing well, however, every single coin is going to benefit as a result.
Nobody actually knows who invented Bitcoin. All we have is the alias "Satoshi Nakamoto." Whether that's a person, a group, a network, or an alien, we have no idea.
The alias ceased activity online some years ago now, so it's unlikely we're ever going to find out the Bitcoin creator's identity.
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 propped up 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 that we have ever seen, so don't worry about any privacy concerns.