Basic Technical Secrets That will make you a successful Cryptocurrency Trader.

Basic Technical Secrets That will make you a successful  Cryptocurrency Trader.

To become a successful trader,  you need to adopt some strategy, and to practise some strategy, you also require some technical knowledge. In this article, you will be taught some technical tools to help you along, this include your knowledge of:

1. The Relative Strength Index (RSI):

The RSI lets you know when a cryptocurrency is oversold or overbought by simply comparing it between its present price and past performance. The index  normally goes from 0—100 and a score above 70  shows that a coin is overbought and prices can drop downward  drastically. A score of 30 shows  that it is oversold and price can move upwards soonest.

In order to upgrad the accuracy of its predictions, it is essential to combine the RSI with some other trading tools.

2.  The Moving Average (Convergence/Divergence) Indicator (MACD)

The Moving Average Indicator comprises of two exponential running lines and they indicate price action by comparing short-term and long-term price movements. The indicator performs in tandem along with the chart of the cryptocurrency. And as soon as the moving average lies crossover or above the currency’s indicator line, it shows a significant upward price shift. If the running averages cross under the indicator line, there will be a downward move on the horizon.

3. The Bollinger Bands;

Bollinger bands can be regarded as just  a running averages in collaboration with standard deviations and they indicate market volatility. Within the periods when there is rise in volatility, the bands expands and shift away from the average. During the period when the price is less volatile, the opposite occurs. If the price tends to the upper region of the Bollinger band, this equally shows that the coin is overbought and can in no time move downward. Howevr, if the price hovers close to the lower region of the band, it shows that the coin is oversold and  can as well move upwards. The most efficient strategies are those that adopt 2 or 3 indicators simultaneously. However, it is essential to make your strategy as simple as possible.

Notable Cryptocurrency Success Trading Secrets

Cryptocurrencies move upward at the point they are  enlisted on popular exchanges.The price improves when new updates energies Take for instance such platform like Ethereum that encompasses other cryptocurrency projects and tokens regularly witnesses an increase in price if the performing project is working well in the market. However, news and rumors impacts on the cryptocurrency markets greatly. Tweets from well known TV stars generate high and increasing moving market. Make sure you are on the alert for activities that can impact price positively or negatively.

The main setback to cryptocurrency prices is news, especially of government intervention. Also,, more governments are gearing up to the idea of cryptocurrencies which made harmful regulation and policies to have reduced noticeably.

If you are into trading short-term, don't forget  to act  swiftly and without fear. In a market as fast as crypto’s, sluggishness is punished swiftly.

In  Conclusion

No matter what you decide to trade on in a short-term basis or you decide to make your profits over long periods, whichsoever  one

A Quick Guide to Cryptocurrency Trading: for Beginners .

A lot of  questions have been put forward concerning cryptocurrencies and how they are likely not to last. However, these same questions were asked about a number of new technologies for example the internet  which later worked out fine and everyone was able to see how it worked out. However before moving on further, It is better to keep an open mind.

Another issue that was raised about crypto, as far as cryptocurrency trading is concerned is: “the prices are unpredictable and very volatile.” As this may sound true, it is important to know that the cryptocurrency trading market is quite emerging and consequently i yet to gain popularity and backup. Despite all these setbacks, though, cryptocurrencies offer a special trading avenue for traders who know how to maneuver the markets. Quite alright, risks does exist in the market, but we may ask ourselves what type of cryptocurrency trading is free from risk?
In this piece of article, the main aim is to teacj you what makes cryptocurrencies very attracting to trade and how to trade favorably in the market.


What do you know about Cryptocurrencies?

Cryptocurrencies also known  as crypto or coins, are electronic currencies that work as a medium of exchange, which makes use of blockchain technology to send and receive safely made transactions, check the transfer of assets, and  generate more crypto tokens. With  the use of cryptocurrencies, anyone can send and receive money to anyone in  any part of the world within minutes, without  the official restrictions that comes with the traditional banks, and  also very cheap. To make things  easier, the receiving group only requires  an nternet-enabled  gadget and a cryptocurrency wallet.

As discussed  earlier,  this could only be made possible by the blockchain which is an open, distributed ledger that takes records, tracks and updates its records as cryptocurrency transactions  are carried out. The records this blockchain keeps are tamper-proof, meaning that they cannot be changed, which also means that they exist in perpetuity. 
Referring to Wikipedia, the banking began wayback in 2000 BC when merchants and farmers converged to create the trade by barter system. This barter system has since transformed and the present system has been in place since the 14th century. While all those years, banks came up with policies that were not consumer-friendly, opening the sector up to disruption. This is where actually cryptocurrencies came in.



Advantages of cryptocurrencies over the traditional banking system:

1.  With cryptocurrencies, the intervention of intermediaries (e.g. bankers, brokers, or financial institutions) are nolonger required before transactions are settled. This unique feature thereby makes transactions faster, cheaper and less vulnerable to human mistakes.
2. The Blockchain technology is decentralizedd in nature meaning that no  government organizations can interfer and manipulate jiust like you see in the way traditional banks do.  Therefore crypto transactions are not subjrct to scrutiny and  account freezing, it is however free.
3. Cryptocurrencies are worldwide, contrary to the fiat currency, it is never mandatory that a real office exists in a place before transactions can be made. In addition, payments can be disbursed out and collected at any time of the day and on any day of the week.
4.  Cryptocurrencies may have some minor errors but have it in mind that they have only been around for ten years. On the other hand the traditional banking system has been in existence for centuries and still it is not 100% reliable.

Best Practices In Securing Your Bitcoin wallet From Theft And Scam.

The only safe way of protecting your bitcoins wallet is if the private key was generated securely, is kept secret, and importantly controlled only by you,the user.
Some good  examples where most bitcoins holders  get ripped off by leaving bitcoins  to be managed  by a third party:
A. The Bitfinex hack,whereby  users lost $80 million.
B.  The Mt Gox's failure, whereby users lost $480 million or more.

Ways To Secure Your Bitcoin Wallet
1.  Create a private key in a secure, offline environment. Unless if the user is using trivial amounts, in such cases keys may be generated in a hot wallet).

2.  Generate backups for your private keys. This goes a long way  to protect against the loss of your bitcoins as a result of hard drive failure or some other unforeseen issues or accident. Most importantly you should endevour to have a duplicate set of backups kept off-site to secure against the tendencies of fire, robbery, etc.

3. Encrypt  your wallets to ensure extra security. This ensures total prevention against physical theft of your funds in a case  where your device or hardware wallet is stolen. Protecting your bitcoins safely is the most important move for any Bitcoin user.

3.  As far as bitcoin is concerned, everyone has the privilege  and the responsibility  to protect their own money. There are so many scams related to Bitcoin which  could have been avoided on time  had people not entrusted others with their bitcoins. It is always gopd to never trust anyone else with your money.

A Brief List Of Android Bitcoin Wallets You Need To Know.

In the selection of bitcoin wallets there ihas been a large array of Android wallets ever since Bitcoin wallets were originally banned by Apple which resulted in developers spending a great amout of their time developing for Android.

1.  BRD Mobile Phone Bitcoin Wallet.
BRD, here comes the popular iPhone Bitcoin wallet, which recently  presented an Android wallet. It the user an opportunity to control  its private keys, an easy to use interface, and passcode support.

2.  Samourai  Mobile Phone Bitcoin Wallet
Samourai is hundred percent the best known Android wallet. It has the unique features that comes with the best privacy and its developers are constantly working to add the latest Bitcoin features to the wallet. The Wallet has existed  for over 3 years and its code is fully open source.

3.  Mycelium Mobile Phone Bitcoins Wallet
Mycelium is another notable Bitcoin wallet on Android. It's very easy to use for sending and receiving payments. It is very simple to backing up your wallet since Mycelium makes it very easy with setup and backup instructions.

4.  Edge Mobile Phone Bitcoins Wallet
Edge is one of the easiest to use in Bitcoin wallet for iPhone and Android. It has a unique login feature which makes using the app very simple especially for people new to bitcoin. The wallet also creates automatic backups, so you don't have to worry about the technicalities of performing manual wallet backups.

5.  GreenBits Mobile Phone Bitcoins Wallet
GreenBits is stems from the original Android version of GreenAddress. It comes  with a multi-signature wallet that as well supports hardware wallets like Trezor and Ledger.

6.  Bitcoin Wallet Mobile Phone Wallet
This wallet can be referred either as Bitcoin Wallet, or “Schildbach Wallet”. This is actually the first mobile Bitcoin wallet. Bitcoin Wallet  comes with a more protective feature than most mobile Bitcoin wallets, because it connects directly to the Bitcoin network. Another good quality of bitcoin Wallet is that it has a simple interface and just the right amount of features, making it a great wallet and a great educational tool for beginners in Bitcoin.

7.  Web Wallets Bitcoins Wallet
Web wallets also know as online bitcoins wallet is perfect for storing your private keys online, where they are encrypted with a user-selected password. Even though they may offer the lowest level of  protection, online bitcoin wallets users get to have edge over other wallets as it puts them at an advantage of being accessible from any internet connected device.

8.  GreenAddress Mobile Phone Bitcoins Wallet.
GreenAddress comes with multi-signature Bitcoin wallet accessible on the internet, desktop, Android, and iOS. GreenAddress is easily can be matched with hardware wallets like Trezor, Ledger Nano, and the HW.1.  However, a multi-signature in this sense entails that the site needs a manual confirmation from you, the user before your coins can be moved; this however strenghten security.

What are Hot Wallets in Using Bitcoin Wallets.

Hot wallets can be said to be Bitcoin wallets that operate on the web connected devices like a computer, mobile phone, or tablet. Just as hot wallets create private keys on a web connected devices, these private keys however are not regarded as 100% secure. You can imagine a hot wallet like your wallet that you can  use  today only to to store some cash, but never secured enough to store your life savings. Hot wallets are perfect if you make regular financial transactions, but never a good idea for securely storing your bitcoins. Some of the hot wallets to consider include;

1. The Desktop Wallets
Desktop wallets can be accessed by  downloading and installing it  on your laptop or computer. In case you require privacy as your major concern, the Bitcoin core wallet is a great idea since it does not depend on third parties for data.

2. The Electrum Wallets
The Electrum iwallet is a feather weight Bitcoin wallet for Mac, Linux, and Windows. Electrum wallet came into existence in November 2011. The major characteristics of Electrum wallet are: it has support for hardware wallets like Trezor, Ledger Nano and KeepKey, which are considered secure Bitcoin storage using an offline computer. Electrum wallet is a good idea for both starters and advanced users.

3.  iOS and iPhone Bitcoin Wallets
Unfortunately Apple banned Bitcoin wallets from its App Store in February 2014, and later lifted the ban a few months later. Right now, there are now available  options for iOS users.

4. BRD Bitcoin Wallet.
BRD, here comes the popular iPhone Bitcoin wallet, which recently  presented an Android wallet. It the user an opportunity to control  its private keys, an easy to use interface, and passcode support.

5. Edge Bitcoins Wallet
Edge is one of the easiest to use in Bitcoin wallet for iPhone and Android. It has a unique login feature which makes using the app very simple especially for people new to bitcoin. The wallet also creates automatic backups, so you don't have to worry about the technicalities of performing manual wallet backups.

Brief Comparison Between Bitcoin & Crypto Hardware Wallets.

In case you are not sure of which bitcoin and crypto wallets you can go for, you can have a look at the brief comparisons and detaols in this post below for a quick understanding of how things are. You can as well find detailed comparison of the three main ones: Ledger Nano S, Trezor, and KeepKey.

Ledger Nano X Model;
When looking for a hardware with bluetooth, the ledger nano X is the right stuff to go for.The Ledger Nano X is Ledger's most recent  hardware wallet.Ledger Nano X
screen  was released in 2019 and sold for $119.  The main benefit is that it has bluetooth, making it the first hardware wallet that connects with iOS devices. It's much safer than using just an app on your phone, because all transactions are signed with the Nano X.

Ledger Nano S Model;
Amongs all other bitcoin hardware wallets, if you are looking for a pocket friendly and cheap wallet, then you may go for ledger Nano 5.The Ledger Nano S is the cheapest of the three hardware wallets with a screen; iyou can buy it at about $59.  Ledger Nano 5 is one of the most trusted Bitcoin security companies, released the device in August 2016.

TREZOR  model T;
When you are in search of a  cryptocurrency cold storage solution, then Trezor T is the right place to go. The TREZOR Model-T is a second generation Bitcoin and crypto hardware wallet produced  by SatoshiLabs. The TREZOR lT was created in 2018 with the TREZOR One and has  been regarded as one of the most well known cryptocurrency cold storage solutions to date. It costs just $165.

TREZOR One Model;
Trezor One was created in August 2014 marking the first Bitcoin hardware wallet to come with a secure bitcoin storage in addition to the ability to spend with the convenience of a hot wallet. Trezor comes in a small, thumb-sized device. It costs just $78 for Trezor Screen.

What You Need To Know About Bitcoin hardware wallet

There are  key facts every bitcoin hardware user should be able to know, this include that there are three most popular hardware wallets namely; KeepKey, Ledger Nano S, and Trezor.
However if you own a significant amount of coins, the price can be worth it. A hardware wallet has the potentials of protecting a few hundred in bitcoin/crypto just as effectively as a few million.

 Secondly Hardware Wallets are secure, offline devices. They keep safely your private keys offline so as not to be hacked by hackers. This also entails that you can as well use one on a malware infected computer.

Thirdly, most hardware Wallets come with a Screen which is considered very important. Hardware wallets with screens provide additional protection by verifying and displaying important wallet details.  Therefore since the hardware wallet is almost impossible to hack, ithe hardware's screen becomes more reliable than data displayed on your computer

Some Popular Bitcoin Hardware Wallets

Ledger Nano S Model;

Amongs all other bitcoin hardware wallets, if you are looking for a pocket friendly and cheap wallet, then you may go for ledger Nano 5.The Ledger Nano S is the cheapest of the three hardware wallets with a screen; iyou can buy it at about $59.  Ledger Nano 5 is one of the most trusted Bitcoin security companies, released the device in August 2016.

Tezor model T;

When you are in search of a  cryptocurrency cold storage solution, then Trezor T is the right place to go. The TREZOR Model-T is a second generation Bitcoin and crypto hardware wallet produced  by SatoshiLabs. The TREZOR lT was created in 2018 with the TREZOR One and has  been regarded as one of the most well known cryptocurrency cold storage solutions to date. It costs just $165.

Trezor One Model;

Trezor One was created in August 2014 marking the first Bitcoin hardware wallet to come with a secure bitcoin storage in addition to the ability to spend with the convenience of a hot wallet. Trezor comes in a small, thumb-sized device. It costs just $78 for Trezor Screen.

The Top Reasons Why Crypto technology is an important Pennydrop

The benefits of cryptocurrency are many and profound. Over the course of the Pennydrop initiative, we’ve heard people from all walks of life discuss the myriad ways it will impact the world we live in. We’ve heard how it’s going to solve problems across the current financial system that nothing else could – everything from the truly significant, such as banking the unbanked, to the seemingly trivial, such as providing a more efficient way to buy a car.

However, while the applications of cryptocurrency are undeniably important, cryptocurrency is not just a financial instrument. There are two sides to every coin (geddit?). The functionality and benefits it offers are only possible because of the strength of the technology that underpins it, because it works. And we encountered many people for whom excitement about the technology was what brought them to the conclusion that crypto is the future.


Cash or the digital era

Cryptocurrency is money for the digital age. It leverages technology in such a way that it’s able to integrate seamlessly into the digital ecosystem. It’s native to the internet, which allows it to work in conjunction with other technologies. A square peg in a square hole. Not money as we know it today – a round peg in a square hole, developed and built for a different age and ill-equipped to exploit the potential of the internet, connected devices and AI.

Bitcoin creator Satoshi Nakamoto was not the first to come up with the idea of digital cash. He/she/it was the first to come up with a solution to the double-spend problem that proved such an obstacle to those who came before him/her/them. The technology that underpins Bitcoin, and the majority of other major cryptocurrencies, is known as the blockchain. For many out there, it was the creation of the blockchain rather than Bitcoin itself that was Satoshi Nakamoto’s real discovery.
Lorien Gamaroff, CEO and co-founder of Centbee, explained to us that crypto is simply a mechanism for sending “digital assets from one owner to another without there having to be a duplicate.”
He gives the example of an MP3 or a digital photo. “It’s very easy to make a copy of that digital photo or MP3 and send it to multiple friends.” Blockchain solves this – and theoretically it’s not just applicable to Bitcoin, it could work for any digital asset.

The Way it works

The blockchain is essentially just a new way of storing data. It’s a distributed ledger which stores all the Bitcoin transactions ever made across a vast network of nodes and miners. This means there is no single point of failure. This ledger is completely open and transparent, visible to anyone who chooses to find it on a block explorer (it’s pseudonymous, so no identities are relayed here). It relies on a consensus mechanism, which means that each transaction has to be validated by the majority of nodes.

 Where fiat currencies are issued by central banks, new Bitcoins are “issued” to miners via a block reward for solving a block, which is then added to the blockchain. Bitcoin’s consensus algorithm is called proof of work. In proof of work, miners compete to add the next block in the chain by using special hardware to solve a complex computational problem, which produces a hash – a seemingly-random 64 character output.

 Proof of work ensures that the next block in a blockchain is the one and only version of the truth, and it keeps powerful adversaries from derailing the system and successfully forking the chain.

 Riccardo Spagni is a world-renowned developer and the former lead at Monero. He explained to us that it was the security properties of cryptocurrency that first brought him to the space, although he started as so many before him have – heavily sceptical.

 Ricardo spent a lot of time initially trying to break Bitcoin’s consensus mechanism. “That was really difficult,” he says. “And when I realised I couldn’t do it, that it wasn’t feasible, that I had really come to an understanding of how Bitcoin’s consensus mechanism works. That was my Pennydrop moment. That was when I realised this is a thing that could last decades. This is a thing that could really shift power. That could change the dynamic in a lot of ways.”

 Bitcoin is secured

Bitcoin’s security is the reason it works. The crypto in cryptocurrency stands for cryptography – an ancient science that protects information from nefarious parties who would use it in ways not intended by the originator. Many, like Ricardo, have tried to crack Bitcoin, but it has still never been hacked.

There is a common misconception that blockchain technology is too complicated to understand. It is this complexity that dissuades many from entering the space, fearful that they simply will not get it. But how much do you know about your bank’s security systems? Do you know who has access to your funds? Who could go in and steal it?

For the end-user, the technology that underpins it might not really matter - who cares when you’re buying a coffee with Bitcoin or sending it overseas to family? As Simon Dingle said to us, “I believe that one day, it’s something that you won’t have to understand. It will just make your life better. Very few people can explain how their smartphone works. It doesn’t matter because the narrative has become about why it’s good for them, what it enables in their lives.”

This may well be true, but as we realise the financial and economic benefits, and as new use cases for blockchain and cryptocurrencies emerge, it will all be possible because the technology is so strong.

Shopify Now Accepts Cryptocurreny Payment

It is nolonger in contention of the fact that Bitcoin has still not gained enough public trust especially when it comes to using it as a source of exchange for products. Surprisingly there seems to have various online enterprises that took a bold step by integrating the said cryptocurreny as a payment method option in its online store.
However, in the present times anyone can order practically anything using Bitcoin, such as buying  internet services, domestic products, snacks and Airplane tickets.

Shopify Bitcoin is Meant for Who?

You may have been hearing of the online store called Shopify, a world-renowned e-commerce platform that allows merchants to set up their own online shops and sell goods in a similar way to Amazon, eBay, and other online giants. Back then in 2013, almost all those who sell on  Shopify was given the option to accept Bitcoin payments through the aide of a service called BitPay.

However,  this new innovation has it that buyers can't buy from Shopify’s site itself using Bitcoin, since their SaaS platform does not accept cryptocurrencies. In otherwords,  this option is only meant for merchants using the Shopify platform who are also using services like Coinbase Commerce.

EXPEDIA THE FIRST TRAVEL AGENCY TO ADOPT BITCOIN

Not withstanding the fact that Bitcoin has still not gained enough public trust especially when it comes to using it as a medium of exchange for products, surprisingly there are  various online enterprises that took a bold step by integrating the said cryptocurreny as a payment method option in its online store.

Recently anyone can purchase practically anything using Bitcoin, such as buying VPN services, domestic products, snacks and Airplane tickets.

Expedia And Bitcoin
Now that we live in an era where  traveling has been made much easier than ever before, however,  having to book your next trip may make  a lot of sense with bitcoin. Expedia is one of the world’s biggest online travel booking agencies that has adopted Bitcoins ever since 2014. Expedia works in collaboration with Coinbase to establish its new payment option which has proved to be a huge success two years ago. The downside of it is that Bitcoin payment is presently only available for hotel bookings.

Microsoft Now Accepts Bitcoin

Despite the fact that Bitcoin has still not yet gained enough public awareness especially when it comes to using it as a medium of exchange for products, surprisingly there are  various online enterprises that took a bold step by integrating the said cryptocurreny as a payment method option in its online store.

In recent times however, anyone can buy practically anything using Bitcoin, such as buying VPN services, domestic products, snacks and Airplane tickets.

Microsoft And Bitcoin:
Microsoft is one of the foremost technology companies to adopt Bitcoin as its formal payment method for some of its  best selling products right from 2014.

However anyone who attached Bitcoins to its Microsoft account, can equally purchase anything from Windows 10 licenses to games, movies, and apps in the Windows and Xbox stores. Though for a while Microsoft stopped using Bitcoins as a result of some inherent volatility problems,but began accepting it once again as a form of payment later on.

OVERSTOCK ADOPTS BITCOIN

Not minding the fact that Bitcoin has not yet gained enough societal trust particularly when it comes to using it as a medium of exchange for products. It is therefore surprising to hear that there are  various online businesis that took a bold step by integrating the said cryptocurreny as a payment method option in its online store.

Nowadays, anyone can buy practically anything using Bitcoin, ether, litecoin such as buying VPN services, domestic products, snacks and Airplane tickets.

OverStock And Bitcoin
Overstock can be regarded as one of the foremost online enterprises to adopt Bitcoins as one of its payment channels for its products right from 2014. Overstock permits its customers to purchase its products using Bitcoins, ranging from electronics such as TV sets and laptops or computers to domestic-related products, such as bedsheets, etc.

What’s unique about Overstock precisely is the fact that it also supports not only bitcoin but all other major cryptocurrencies in existence such as: Bitcoin, Ethereum, Litecoin, Dash, Monero, and Bitcoin Cash.

How to Buy/Store Cryptocurrencies

Virtual wallets are mostly where Cryptocurrencies are stored in and the wallets usually are accompanied with user-unique addresses that are used to carry out payments between users. Since  transactions with cryptocurrencies are mostly not trackable and irreversible, it is a matter of expediency to keep wallet details protected from a third party eye. If not secured, then hackers acan ccess a user’s wallet and can send out coins and given the way cryptocurrencies are it would be possible again to identify the hacker or retrieve the money.

How to Store Cryptocurrencies

There are notably lots of secured software wallets out there, examples are Mycelium, Blockchain, Electrum, and CoPay  and the rest of them. Traders who hold a good amount of cryptocurrency holders however, can opt for a hardware wallet. These gadgets are a  little expensive but they gaurrantee a higher level of protection compared to the software wallets. Other wallets  include the Ledger Nano, Ledger Blue, Trezor, KeepKey, etc.

How to Buy Cryptocurrencies

Cryptocurrencies may be purchased and sold at online cryptocurrency exchanges. Thus, crypto buyers can pay using their credit cards or via their bank accounts. With this they can buy more popular cryptocurrencies like Bitcoin, Ether, Litecoin which should be easy enough. To purchase some of the  unpopular altcoins; however, users can  first buy BTC or ETH and later  exchange them for the altcoin they require. In some cases exchanges offer users with in-platform wallets, new traders most times make the error of leaving their coins on exchanges. This may not be very smart and there have been many cases of users losing their coins. It is adviced then that as soon as  you exchange fiat for crypto, transfer the coins from the exchange wallet to your personal wallet.
There exist also other exchanges, such as CredoEx, that provide users the chance to trade new but highly-promising cryptocurrencies.

How To Trade Cryptocurrencies

You do have 2 ways with which you can trade in cryptocurrencies. The first one is long-term trading: which may require you to buy the coins when the price drops, store it in your wallet for a few weeks or months then you can sell it at a higher price. Most of the cryptocurrency traders choose this method because they are not required to do too much effort and the profits are most times substantial. During the crypto rain of 2017, traders that ordered for Bitcoin on, for instance, January 2, 2017  at the rate of ~$1,025 and sold it on December 17, 2017 at the rate of ~19,000) made a ~1,087% gain . That made them 18 times return on trading. Profit margins which are highly unlikely to happen in the traditional markets.

The second  method to trade crypto is to trade cryptocurrency pairs actively and in the short-term , for example BTC/ETH, ETH/LTC, BTC/XRP, etc.  Or you can as well trade crypto against flat money , example, BTC/USD, BTC/EUR, ETH/USD. Though this method requires more effort which is needed for this and as well demands for a technical understanding of the way the market works. More over, it assures even bigger profit margins than the former. However,when passive traders saw an 18 times  return of investmentI in 2017, a whole lot of active traders made millions from the cryptocurrency markets.
Surely, you can as well decide to take advantage of both opportunities; earning passively while trading actively at the same time.

What You Need To Know About Bitcoin And Cryptocurrency Wallet.

The first step in

using  Bitcoin or cryptocurrency is having a wallet. A “wallet” is however equally  the same as a bank account. It gives you, the user the opportunity to receive bitcoins and other coins, store them securely and then send them to others.

When using the wallet, you can imagine it as your personal interface to the Bitcoin network, just like how your online bank account is an interface to your usual  flat money system. Wallets comes with private keys; secret codes that makes it possible for you to spend your coins.

Physically, what you are storing and securing t’s not coins but the private keys that allows you gain access to them. A crypto or Bitcoin wallet is  in a nutshell an app, website, or device that takes care of your private keys for you.

Coronavirus and its prevention.
1. Always wash your hands
2. Stay away from crowd
3. Take immune boosting foods.
4. Don't shake hands in public.