The world’s economy has seen a massive change since 2017. The rise of cryptocurrency has presented the greatest opportunity of our time, and Bitcoin Circuit wants to help you be a part of that.
At Bitcoin Circuit, we’ve developed a homegrown trading algorithm designed to make getting your foot in the Bitcoin trading door as easy as possible. We don’t want potential investors to be turned off by the idea of research and study, so we’ve taken care of that for you.
Our system does all of the fancy chart analysis that would otherwise be required on other trading platforms. All you have to do is set a couple of parameters, and we do the rest for you.
Time is of the essence for your Bitcoin investments. Every passing day represents another opportunity for Bitcoin to soar, leaving you behind.
As we move into 2021 and beyond, the age of Bitcoin is very much upon us. It has already climbed back to the heights that we saw in 2017, and it’s only going to get better from here.
The future is going to bring about Bitcoin regulation, governments and banks are going to be using crypto to facilitate money transfers, and fiat currency is gradually going to be edged out in favor of the crypto alternative.
As the cryptocurrency leader, Bitcoin is going to be at the forefront of all that.
It doesn’t take much for you to make your initial investment, so set some change aside and start investing before it’s too late.
Bitcoin Circuit is different from most Bitcoin trading companies out there for one reason. It’s run by Bitcoin enthusiasts.
After Bitcoin rose to prominence, what we saw was a number of software developers creating Bitcoin algorithms in an attempt to cash in on the trend.
The issue here was that these people didn’t understand trading, and they didn’t understand Bitcoin. As a result, the quality of these trading bots was sorely lacking.
At Bitcoin Circuit, we have a passion for everything crypto. This is why you can be assured of the integrity and honesty of our systems.
That’s just one reason as to why you should use us as your trading company, though. Another major factor that a lot of users love is the fact that Bitcoin Circuit is completely free. You don’t have to pay any sort of signup fee, subscription fee, and there are no deposit charges of any kind.
We have partnerships with the trading brokers that we operate through. These partnerships are how we earn our income, meaning we can provide you with our software completely free of charge.
We put a heavy emphasis on making sure that our platform was beginner-friendly when we were putting it together.
While experts can certainly take advantage of what we have on offer, we present a much more accessible experience for those with no Bitcoin education, whatsoever.
Our UI is simple and sleek, completely devoid of all those complicated charts and analysis that you might see elsewhere.
There is going to be a point in your Bitcoin journey when you’re ready for that kind of technicality, but it’s not going to be at the start. As such, we don’t throw that information in your face.
To understand why Bitcoin is so important, we need to dive into the history of it a little bit.
Bitcoin was first developed in 2009 by an alias known as Satoshi Nakamoto. Nobody knows who Satoshi is, or whether or not they were an individual or a group.
After its development, Bitcoin didn’t get much attention for eight years or so. It saw a steady rise in price, but only by a few dollars. That is, until 2017.
In 2017, a major trading whale made a massive move into Bitcoin. That started off a chain reaction that saw the price of the coin skyrocket.
The instant jump in price saw media attention, that media attention attracted other investors trying to buy and sell the news. Those other investors brought more media attention, and so the snowball continued to grow.
After massive price inflation, Bitcoin crashed back down, but it wasn’t long before it was back on the upswing.
It remained on a promising uptrend until 2020, when the Coronavirus pandemic hit. Like every other market on earth, Bitcoin plummeted and lost a large portion of its value.
However, Bitcoin is unique in that it recovered much quicker than anything else. Investors quickly realized that in the event of a world on lockdown, Bitcoin was a much safer investment.
Unlike stocks in a company, Bitcoin doesn’t run the risk of bankruptcy. When trading all across the globe halted, companies lost profits. The future of many different corporations is uncertain, and investors don’t like that.
Bitcoin also had the advantage of being digital, meaning moving it was a quick and easy process. If borders were closed, then getting access to any gold that you own might be a problem. Bitcoin doesn’t have any of those issues.
These are just some contributing factors to what sped up Bitcoin’s recovery.
Over the rest of 2020, it saw a steady rise up to the end of the year, reaching nearly the same level it was at in 2017.
We’re now sitting on the precipice of a new breakout year for Bitcoin. There are talks of regulation and adaptation into the mainstream that could mean great things for all cryptocurrencies in the future.
Even if you don’t want to be a day trader, investing a little bit into Bitcoin now could be a great way to set yourself up for the future, as trading becomes more ‘normal’.
With all this talk of regulation and Bitcoin value, you’re probably wondering where that actually comes from.
There are several different moving parts that all factor into the value and the price of Bitcoin, but one of the biggest ones is market cap and scarcity.
Bitcoin is a limited resource. It’s not like the dollar where they can keep printing more and more of it. There is only a certain amount of it in circulation at any given time, and there’s a hard limit on how much of the coin can ever be produced.
One of the most fundamental principles of economics is supply and demand. The less of something there is, the more it’s worth, and the more someone wants something, the more it’s worth.
There’s not all that much Bitcoin, and everybody wants a piece of it, which is why it’s got such a high value.
Bitcoin and all the cryptos that have come after it have one very unique aspect to them that also drives the value up.
Cryptocurrency can be used for the seamless transfer of money across borders with no issues. This might not affect you, but it definitely affects big money corporations that have billions of dollars that need to be settled.
Lastly, the price of Bitcoin is influenced by the actions of whale investors. Whales are individuals with 10’s of millions of dollars that ply their trade in the Bitcoin market. When they decide to buy, the price goes up. When they decide to sell, the price goes down.
There’s nothing you can do to combat this in the short term, but the market always corrects itself after a big move.
Bitcoin is entirely digital, so that begs the question of how you can store it. You can’t load Bitcoin into your bank account (yet), and you can’t take it out of an ATM to put in a wallet.
There are three alternative options that you have for storing your cryptocurrency. Each of these methods has different advantages to one another, but many traders use a mix of two or more of them for security reasons.
The first method for Bitcoin storage that we’re going to talk about is a cold wallet or a ledger. This is a hard device that you can use to store Bitcoin on. It’s completely disconnected from the internet and any kind of server, making it the prime choice for those looking to keep their crypto safe.
Wallets come in all shapes and sizes and from a variety of different manufacturers. Ledger is the prime wallet company, but there are other notable suppliers out there.
Just be careful when you do decide to buy a ledger. Don’t buy from an unrecognized brand, and only buy through official channels and from the company’s official listing.
Don’t buy one off of eBay or anywhere else that gives someone a chance to interact with the ledger before you do.
Buying like this has been known to produce ledgers with viruses preinstalled on them, causing people to lose all of their Bitcoin.
Aside from a ledger, you can also house your Bitcoin on a hot wallet. This is the choice of traders who prefer to short their positions rather than holding Bitcoin for the years to come.
A hot wallet is constantly connected to the internet and typically takes the form of some kind of app. Rather than having to buy a device, you just download the app onto your phone, and you’re good to go.
Needless to say, this method, while more convenient, does come with a heightened level of security risks.
As such, the same caution that you should exercise with a ledger applies here. Don’t download an app that doesn’t seem legitimate and do some research before you download any kind of app at all.
The last option you have for Bitcoin storage is by far the least safe and often hated by investors. It can be a solution for short term trades, though.
This method is storing your Bitcoin on the exchange that you’re trading on. This includes storing your Bitcoin on your Bitcoin Circuit account.
While it’s much easier to trade when your coins are on the exchange’s servers, it does limit what you can do. You need the coins in your wallet to actually utilize them in any way, so you should try withdrawing as often as you can.
Ever since we launched Bitcoin Circuit, we’ve had a plethora of questions from potential investors of all levels. We aim to answer these questions here in a short FAQ.
When traders first get into Bitcoin, they tend to get intimidated by the price. They look at one Bitcoin being worth upwards of $20,000, and they wonder how they are ever meant to start trading that.
In reality, though, you are able to buy and trade parts of Bitcoin, not an entire coin. This isn’t too dissimilar to how you have the various cents that make up a dollar.
These decimal units are called Satoshi, and there are a lot of them. So much so that you can actually only buy a few dollars’ worth of Bitcoin, if you want.
On Bitcoin Circuit, we have a minimum deposit limit of $250. This is just enough to get your investments started while not being too high to prevent beginner traders from getting started.
The point you need to look for in your life to identify when you’re ready to trade is disposable income.
Don’t buy into the hype of Bitcoin being a get rich quick scheme. It has taken years to get to this point, and while the immediate future is bright, there is a long way to go.
If you don’t have any extra income to spare and you’re struggling paycheck to paycheck, don’t invest any of your money into Bitcoin.