Hi Platinum Traders,
A few years back, Erik Fin man, a 12-year-old from Idaho had received a $1,000 gift from his grandmother on his birthday. As an astute investor, and a fearless entrepreneur as he was, he invested that money into then sparsely known digital currency – BITCOIN – valued at $12. Unbeknownst to him, by buying into cryptocurrency he had participated in a financial revolution that continues even today.
Two years later he sold it at a profit of whooping $100,000, and if he had held onto it – it would have been at least a Million-dollar investment. This has been the power of cryptocurrency or virtual currency that has made Millionaires out of even twelve-year-olds.
Let’s review the birth of cryptocurrencies, and how Platinum Trading Institute (PTI) has been playing a pioneer and dominating role in providing training and education in trading cryptocurrencies in addition to FOREX. PTI is part of the Platinum Academy family that provides training, mentoring, and access to understanding of the fascinating crypto markets
What are Crypto Currencies?
Wikipedia defines cryptocurrency as a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. There are some interesting terms in this definition. For example, cryptocurrency is a digital asset as against a paper asset or an immovable real estate asset. As it is a digital asset – transferred through network – it requires security measures, cryptography to secure the transactions. An interesting aspect of cryptocurrency is the fact that it can also be ‘Created, ‘or ‘Mined,’ through a bank of powerful computers, and complex algorithms. The mining for newly designed cryptocurrency is called Initial Coin Offering (ICO), and they are akin to Initial Public Offerings (IPOs) in equity markets.
The underlying philosophy behind cryptocurrency is a desire to build a digital cash system that is universal, safe, and easily transferable without any Government regulations (As of now – that might change). The cryptocurrency exchange is universal, does not recognize national boundaries, and is safe. They are safe primarily due to its blockchain structure, where a particular coin information is stored distributively among various computers, and no one person or entity other than you have access to it. Just from the historical perspective, that was precisely the vision of Satoshi – the inventor of the first cryptocurrency blockchain – bitcoin – that he wanted to create “A peer to peer electronic cash system without a central entity.
PTI and Platinum Crypto Academy:
At Platinum family (Platinum Trading Academy, Platinum trading Institute, Platinum Trading Systems, and Platinum Crypto Academy), we had advised our clients in July to start investing in BITCOINS, Ethereum, and BITCOIN – Lite gradually. As the following chart shows, the price of BITCOIN then was $2500, which has increased to phenomenal $9700 at the time of writing this blog. Undoubtedly, the Platinum family is well equipped to review, analyse, and help our clients to make right decisions in cryptocurrency investing.
Why Trade Cryptocurrencies?
At PTI, we are excited about the potential that investing in cryptocurrencies provide to our clients. The market for Cryptocurrencies is fast-paced, exciting and very profitable if managed knowledgeably, and prudently. As some experts suggest, trading in cryptocurrencies is like the old gold rush or the old railroad days when each day would present some unimaginable opportunity to make potential returns of 100% or more. The colossal growth by over $200 billion in market cap in 8 months is astounding, and a testament to the fact that the crypto market is here to stay, grow, and offer even more opportunities for some phenomenal returns. Digital transactions are getting acceptance the world over, where now the behemoth countries like India are getting into more and more digital transactions. Even the Platinum family companies are also accepting payments in bitcoins
How to Trade Crypto Currencies:
There are two ways an investor can trade Cryptocurrencies.
Option 1: Trade currencies like BITCOIN and Ethereum through an already established brokerage against the Dollar, Sterling or Euro. This method, although lucrative, is still fraught with massive spreads from brokerages and volatility, unless you’re a seasoned trader it can be difficult to navigate.
Option 2: The more popular and stable method, is through buying and holding Cryptocurrencies using Exchanges and Wallets.
How can PTI Help?
We educate and support our members on both methods, but Option 2 is preferable for new traders. Buying and owning a Crypto is really exciting and provides a great opportunity to make consistent and phenomenal profits. In order to give you an example on type of advice that we provide, please review the following. Bit Shares is a Decentralized Exchange and Fintech Platform. Currently, Cryptocurrencies like Bitcoin are traded on large exchanges, which follow the traditional logic of centralization. On the other hand, Bit Shares aims to change and disrupt the current thinking and introduce a decentralized platform for trading in cryptocurrencies. In particular, it has introduced ALTCOIN that seems to make history (Please see the following chart) in terms of growth and investment opportunities. As the following chart shows, the coin has already increased in value by 40% in last eight weeks, though it still offers a perfect Break out, Pull back, and Continuation (BPC) opportunity before it moves up above 0.1. Thus, based on our analysis we see an entry at 0.095, with the price moving to 0.12 – a major resistance with a mid-long term holding period. At PTI, and the Platinum family we are excited about the launching of our new Platinum Crypto Academy Web site that will offer more insights into the wonderful world of cryptocurrencies. However, in the meantime, please feel free to sign up for complimentary copies of ‘Crypto News Trades,’ and ‘Crypto Newsletter.’ Also, please sign up for ‘Cryptonaire Weekly,’ that provides detailed trade analysis, industry updates, and market trends.
If you would like to know why this would be the case, get in touch with the Platinum Team today, and we will be happy to help and explain the trade.
HOW TO BECOME A PROFITABLE TRADER.
If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course. We have just introduced this as in the last month we have had a lot of inquiries on learning how to trade the financial markets. We can get you on the successful path of becoming a Financial Trader.
Hopefully, you have enjoyed today’s article and have gained great knowledge about trading and how to trade.
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade
At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time.
Learn how to trade Forex the Institutional Way. We educate our clients to think like Institutional Traders and not like Retail Traders. Trading in the same style is not only more profitable but also far less stressful for the retail trader. We want you to make your trading decisions based on confirmed entry points and be confident with each trade that you make.
Wishing you all the best.
The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. Use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.