Bitcoin has become a global phenomenon since 2009. Its historic rise to prominence is unlike anything we’ve seen before or anything we’re going to see any time soon. It has gone from being a novelty to potentially being used as a solution to much of the world’s global economic issues. That’s why you’ve seen so many people investing in it and why you should be, too.
Buying and selling Bitcoin isn’t as simple as that, though. For someone that hasn’t ever traded before, it can present a bit of a problem. There are systems, methods, and brokers associated with Bitcoin trading that can be intimidating for first-time investors, which is why we’ve set up BitProfit. BitProfit is a premium Bitcoin trading platform designed to streamline the entire trading process. It has been built by professionals for beginners to make investing as simple as possible.
Even if you’ve never traded anything before, you’re not going to have any issues using BitProfit. It takes 10 minutes to set up your account and even shorter than that to make your first trade.
BitProfit is dedicated to being the number one beginner’s Bitcoin platform provider, and we hope you help us realize that goal.
For most people, the interest in Bitcoin investing comes from hearing about it from somewhere rather than already knowing what the coin entails. This tends to mean that most beginners know about Bitcoin but not what Bitcoin actually is.
Before you sign up with BitProfit, we’re going to introduce you to some of the basic Bitcoin concepts you should know in order to better understand what it is that you’re buying and selling.
Bitcoin, in the simplest terms, is a digital currency. It is a way for individuals and organizations to store and transfer value digitally rather than going through time-consuming banking processes. You can use it to buy things on certain sites, with more accepting it as a form of payment every day. Even VISA has recently announced its plans to launch a cryptocurrency system.
That’s the most basic explanation of Bitcoin – digital money that is faster to transfer than traditional fiat currency.
Of course, Bitcoin is a decent bit more complicated than that.
Bitcoin isn’t just the world’s market leader in the cryptocurrency space; it’s also a coin that has been designed to solve a few key issues associated with macroeconomics. Specifically, it deals with the issue of inflation.
The most principled law of economics is the one of supply and demand. The more people and something and the less of it there is, the more it’s worth. The more of it there is, the less it’s worth. This idea applies to both objects as well as currencies. In fact, it’s specifically relevant as currencies around the globe are easily the most sought-after item on the planet.
However, it’s not the demand that’s a problem; it’s the supply. There is too much money in circulation, and every year more and more gets printed. Think back to just 10 years ago and how much one dollar could buy compared to now. While some state that this decrease in value comes with increased wages, that’s true, but the ratios haven’t been proportional.
Inflation not only destroys saving accounts and devalues money, but it’s a leading cause of recession and economic crashes. Due to the way fiat currencies have been designed, economies run on cycles that crash and boom at regular intervals.
Bitcoin fixes that broken system by being a currency that is completely inflation-proof.
Traditional money inflates because of how it’s produced. There are humans in charge of the process that gets to decide how much is printed and when it’s printed. This inherently flawed system turns money into an infinite resource. Compare that to gold, which is scarce, and you should be able to see the problem.
With Bitcoin, not only is the method of production automated, but it’s a finite resource. In about 120 years time, the Bitcoin blockchain is going to stop producing, meaning that there is never going to be more.
This little aspect of the coin adds immediate, tangible value to it. So much so that many people have taken to calling it “digital gold.”
Not only does this mean that governments are looking towards using Bitcoin as a saving grace, but companies like TESLA have begun moving money into the coin because it doesn’t depreciate year on year as the dollar does.
With all that being said, you might be wondering what’s in it for you? Well, putting the possibility of turning a profit aside, investing in Bitcoin with BitProfit gives you a chance to get your money in while the going is good.
We’ve already seen Bitcoin rise to heights never thought possible in the last two years. There are hundreds of thousands, if not millions, of people kicking themselves for not investing while they could. You don’t want to be one of those people when Bitcoin reaches $100,000, $200,000, $300,000, or more.
The more time you spend waiting, deciding whether or not you want to invest in Bitcoin is another second of value that you miss out on. The clock is ticking, and Bitcoin is the future. You want to punch your ticket to that future, and BitProfit is the ticket booth.
Signing up with BitProfit only takes you a couple of minutes and could be a life-changing decision.
We’ve done everything we can to make Bitcoin trading as simple and intuitive as possible, so don’t worry about not understanding the platform. As long as you spend five minutes with your account every day, you’re going to get the hang of things in no time.
The BitProfit system has been built by a team comprised of both engineers and professional Bitcoin traders to make sure you’re getting both a technologically sound application as well as one that knows what it’s doing.
A lot of other Bitcoin trading apps out there don’t have the advantage of being backed by Bitcoin traders at all. These platforms tend to be designed by developers looking to make a quick buck and have no real expertise in what they’re helping you trade in. This leaves a lot of beginners lost and can even stop them from ever investing again.
That’s the last thing we want for our users. It’s our goal to introduce people to Bitcoin, even if they’re using BitProfit as a steppingstone until they graduate to more complex trading channels.
We want to help people get involved in the industry while the barrier for entry is still manageable, and everything we’ve done has been based on that idea.
When the team was doing research for BitProfit, one thing that everyone noticed was that there were certain pain points that were turning beginners off using the mainstream Bitcoin trading channels.
Specifically, we noticed three individual areas that we could improve on: user interface, order-placing system, signup process.
If you’ve ever tried to use a regular Bitcoin broker before, then you know how complicated the layout of those websites can get. You have numbers and graphs flying at you from all directions, and if you don’t know how to read them, it can be overwhelming.
At BitProfit, we’ve made a conscious effort to cut down on all of this technical information right out of the gate. Rather than pushing it at you from the moment you log in, we aim to ease you into Bitcoin trading, allowing you to access the information when you’re ready.
The ordering system is how you buy or sell Bitcoin through conventional brokerage channels. It involves you setting a price and volume amount, as well as a number of different variables and conditionals.
If you’re completely new to trading, you’re not going to have any idea how to read that system, and nobody is going to teach you on those platforms. You’re not going to know how to set up a stop-loss or take-profit position, so we’ve made a point of simplifying that process as much as we can.
With BitProfit, you define at what price you want to invest and how much you want to invest. That’s it. This way, you can spend five minutes every day looking over your portfolio without spending hours at a time learning what each trading function does.
A lot, if not all, traditional Bitcoin brokers have a long-winded signup process. Not only do you need to verify your basic info and email address, but there is also a time-consuming identity verification process that can take hours, if not longer.
At BitProfit, we’ve done away with all of that. One of the main benefits of using Bitcoin is that it’s anonymous, meaning no one but you can see what you do with the coins. Having the identity and personal information of every trader on file defeats that purpose, so we don’t do it.
This allows our signup process to take no more than 10 minutes, so you could be up and trading within the hour!
We’re sure that plenty of you out there still have lots of questions. We’re going to do what we can to address some common ones that we’ve heard before in this short FAQ section.
On BitProfit, we’ve set the minimum deposit limit at $250; this is lower than the industry standard of $500 and gives users a way to start investing without risking a significant amount of money. While you can still invest as much as you want, $250 is the starting point that the team here recommends.
Yes, we only support Bitcoin trading on BitProfit. There are plenty of other cryptocurrencies out there, but Bitcoin is the market leader and the most beginner-friendly one.
Trading Bitcoin requires no technological knowledge, whereas other coins have specific case uses that require knowledge before you start trading.
No matter how confident we are in Bitcoin, investing is still a risky business. This means that you should only be investing money that you can afford to lose.
If you’re living paycheck to paycheck or struggling to make rent, you should avoid investing for now.
There’s an old investing rule that the team here at BitProfit are fond of, “if you have money to burn, you have money to invest.”