The Bitcoin Profit was developed with a sophisticated algorithm that assesses the past and current trends and re-evaluates the information to provide trading signals. Based on these signals, traders can make the necessary trade. Here, you have the opportunity to trade in different cryptocurrencies like Ethereum, Bitcoin, Litecoin, etc. Bitcoin Profit will support multiple cryptocurrencies, aiming to create a service that is simple and easy for the everyday user and allowing trading on the crypto currency trading platform .
The trading platform is particularly a hit among beginners because it comes with an auto trading feature. By using this feature, new traders can set up the loss limit and then let the robots do the rest of the work. Prior experience and extensive knowledge are not essential criteria anymore.
With the world struggling to combat the deadly pandemic, people have realized the importance of a safe-haven asset. Despite the mind-boggling fluctuations of the digital currencies market, cryptocurrencies have maintained a steady price in these tumultuous times. As a result, more and more people are showing an inherent interest to experience crypto trading.
Lack of knowledge and assumed fears have always prohibited the amateurs from dipping into the world of cryptocurrency. However, with the emergence of automated trading platforms, beginners have a real chance of exploring this industry. One of the prominent trading platforms that have amassed huge popularity is Bitcoin profit. It works with the aid of a complex algorithm that helps traders to make profitable trades.
In order to start trading on Bitcoin Profit, you must follow the steps outlined here.
For the registration process to be successful, you must open an account on the official website of Bitcoin Profit. When you reach the page, you must offer some personal information like full name, phone number, and email id. The information you give is verified before activating the account. Now, you can either opt for the demo account or go directly for live trading.
Though the software of the Bitcoin Profit is free, traders have to make a minimum deposit of $250 for the actual trading. There are various modes of payment. The payment methods include MasterCard, wire transfer, Visa, Neteller, Skrill, etc.
Using the demo account is not a compulsory step. It is more of a recommended one, especially if you are new to crypto trading. The demo trials offer you the opportunity to understand the inner working of the platform. In the demo account, users are provided with $1500 virtual money to make trades. After you have understood the process, you can proceed to live trading.
Before you initiate the trading, you must set various parameters in the setting section. You must also choose the trading pair such as BTC/USD, LTC/USD, ETH/USD, etc. After you have saved the necessary limits, you must select the auto trade button to start the trading. Now, the algorithm will find lucrative deals and place trades that will earn you profits.
The withdrawal system of Bitcoin Profit is quick and efficient. It takes a minimum of 24 hours and a maximum of 3 days to process the withdrawal requested.
Bitcoin Profit is aware of the danger of cyberattacks and thus uses the SSL technology for protection. Also, the brokers are constantly regulated, and personal details like account information are not stored.
Here, the traders have the opportunity to earn at least $1300 on a daily basis. It is true that a little bit of time is required if you want to have increased profits.
Bitcoin Profit hires professional and reputed brokers that have expert opinions on the crypto market. They monitor the transactions that the algorithm chooses and ensures that they are profitable for the users.
Despite distinct time zones, the customer care service is available at all times. If you have any issues, you can contact them for assistance. The staff is responsive and well-versed in various aspects of the trading platform.
Bitcoin Profit chares 1% as the service fees on the profits that the traders make on the platform. The rate is quite reasonable, and there are no hidden fees.
Before you start any crypto trading, you must remember that the cryptocurrency market is at best volatile. The ups and downs can come as a complete shock, especially if you are a newbie. As such, the existence of trading risk is common.
However, with Bitcoin Profit, you can reduce the trading risk considerably. It is mainly due to the quickness with which the transactions are made on this platform. This has attracted amateurs as well as experience crypto traders to Bitcoin Profit.
Check a guide to setup multiple masternodes in a Windows/Linux environment
Open guideIf you are a beginner in the world of crypto trading, then you must understand some basic facts. The most essential point is that you are not going to be a millionaire real soon. But, you can make some profits if you get invested in the trade and observe the market seriously. Check out the tips below to know more.
Sberbank CIB, a subsidiary of Russian banking giant Sberbank, claims it has successfully conducted Russia’s first ever blockchain-powered commercial bond transaction, in conjunction with the central National Settlement Depository (NSD).
Sberbank, in a statement, claimed that it has overseen the issue of corporate bonds in MTS, a Russian telecoms company. The bonds have a six-month maturity period, and are said to be worth some USD 12 million.
NSD, which is owned by Moscow Exchange, the largest exchange group in Russia, says the transaction was carried out on its Hyperledger platform.
Igor Bulantsev, Senior Vice President of Sberbank and the head of Sberbank CIB, said, in a statement, “This transaction has not only allowed us to confirm the reliability, efficiency and security of the blockchain platform, but also once again proved the promise of this technology for the development of Russia's digital economy.”
Eddie Astanin, Chairman of the Board of the National Settlement Depository, stated, “This transaction proves that we are capable of providing high-speed, secure and confidential securities transactions. Our ultimate goal is to create a shared digital asset accounting infrastructure.”
Sberbank has been dubbed the “eternal leader of the blockchain conversation” by Russian journalists, and was the first Russian bank to join the international Enterprise Ethereum Alliance, which connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts
With the increasing demand for Bitcoin in the market, fradaulent brokers also have emerged.
Its wise to understand the steps before starting investment.
This swedish Bitcoin site provides you guidelines about selecting the ideal platform for bitcoin Investment.
Cloud computing company Amazon Web Services (AWS), a subsidiary of an online retail giant Amazon, has partnered with a blockchain incubator ConsenSys to create the two firms' business blockchain cloud service, Kaleido.
Announced at the Consensus 2018 conference in New York on Tuesday, Kaleido is aiming to give AWS customers an "easy button" to get into blockchain without a lot of background knowledge. “They can focus on their scenario and they don't have to become PhDs is cryptography, we give them a simple platform to build their company on blockchain,” said Steve Cerveny, one of the founders of Kaleido, CNBC reports.
Matt Yanchyshyn, the global technical lead for AWS' partner program, told CoinDesk, “We have been following Ethereum closely as it's what many of our customers have been exploring, especially for enterprise use cases,” although he stresses that AWS is “protocol-agnostic,” as the company also supports Hyperledger's Sawtooth and R3's Corda platforms.
“Kaleido is the first managed blockchain SaaS (Software as a Service) available on AWS Marketplace and is available in AWS regions across the world,” AWS said in their official statement on their website.
Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, adds in the same statement that, “We believe Kaleido will become a de-facto standard and a global blockchain platform for business, providing an underlying foundation that until today was missing from the enterprise toolkit.”
This is not Amazon’s first venture into blockchain, and neither is it the first for their AWS subsidiary: most recently, AWS unveiled a new service in April for launching out-of-the-box blockchain networks for the Ethereum and Hyperledger Fabric protocols.
Warren Buffett, the legendary stock investor and long-time bitcoin skeptic, reignited the discussion how to best value bitcoin and other cryptoassets.
Many attempts have been made to apply valuation formulas from the world of traditional finance onto cryptoassets, but most of these attempts have failed when it comes to understanding the real value drivers behind this new class of digital assets.
In a recent interview with Yahoo Finance, Buffet argued that bitcoin and other cryptocurrencies could not be considered “investments” since they do not “produce anything.”
According to the Prophet of Omaha, traditional investments like “a farm, apartment house, or an interest in a business” can be expected to deliver a return by itself, which is what makes it an investment per definition.
“Now if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more,” Buffet argued.
“You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing,” the legendary stock investor continued.
What cryptoassets produce
Not everyone agrees with Buffet’s reasoning on that.
Fred Wilson, a New York-based venture capitalist, takes on Buffet’s claim that cryptoassets don’t “produce anything” by pointing out in a blog post that “cryptoassets produce decentralized infrastructure.”
“Bitcoin has produced a transaction processing infrastructure that looks a lot like Amazon Web Services (something I am sure Buffett would agree is extremely valuable),” Wilson wrote on his popular technology and investing blog AVC.com.
Wilson does agree with Buffet, however, that it is very difficult to determine the intrinsic value of bitcoin. For that, most people in the community today relies on models developed by Chris Burniske, a partner at Placeholder, a New York venture firm that specializes in cryptoassets, and others, laid out in a book Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond.
Determining Bitcoin’s Intrinsic Value
Firstly, Burniske is not alone for arguing that the term “market cap” is misrepresenting when it comes to cryptoassets, and that a more appropriate term to use is “network value,” since cryptoassets are not companies, but instead represent a new asset class.
According to Burniske, the valuation formula we should then use to determine the intrinsic value of cryptoassets is “network value-to-transactions ratio,” or NVT.
To calculate the NVT of a cryptoasset, the network value is divided by the transaction volume of the asset we want to examine.
The reasoning behind this valuation method is that transaction volume is to a cryptoasset what GDP is to a country. In other words, we must look at the underlying activity to understand the intrinsic value of a token. This is where the true value of a cryptoasset comes from, not revenue and profits as the case is for companies.
Burniske shared his approach to crypto valuation during the Business of Blockchain event hosted by MIT Technology Review recently. Although he acknowledges that the science behind determining an intrinsic value of cryptoassets is contentious at best, he argues that the best approach we have at the moment is the NVT.
Our team works hard to bring the blockchain to mass adoption through innovative projects.
