Yes, Bitcoin’s been getting a lot of press lately. Cryptocurrencies are maintained through a sort of ongoing digital ledger that records all cryptocurrency transactions and called a blockchain.

Bitcoin trading can be extremely profitable for professionals or beginners. Highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins.

Bitcoin Trends

There’s a trend with Bitcoin: peak, then crash. It follows this pattern over and over.

In the early days, you could buy a Bitcoin for about 30 cents. But once the idea of a decentralized currency caught on, Bitcoin’s value went up in a BIG way. By 2013, it reached a price of over $1,000 for the first time.

And then it crashed in 2014 following a hack, and the prices remained low for a few years. But in 2017, it started to explode.

In January of 2017, Bitcoin was selling in the $900s. On December 17 of the same year, it peaked at over $19,000.

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Frequently bitcoin exchanges, those areas where you can set up an account and purchase or sell bitcoins, has a wallet where you can store your bitcoins and accumulate them. When you purchase bitcoin on a market, you might want to make some bitcoin money in the wallet in the exchange and move some to another one of your wallets. Bitcoin wallets have really great advantages compared to traditional bank accounts, which can be created easily.

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