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5 Ways to Play Bitcoin for Beginners. Fast-Making Tactics Worth Tens of Millions!

5 Ways to Play Bitcoin for Beginners. Fast-Making Tactics Worth Tens of Millions! - Bitcoin investment can be done by anyone including beginners. Including lucrative investments, here's a guide on how to play bitcoin for beginners.

Come on, check out the steps in this article!

Are you interested in investing in cryptocurrencies like bitcoin?

Currently, bitcoin investment becomes an attraction because it offers benefits that are not playful.

Bitcoin is also becoming one of the increasingly popular investment alternatives.

However, not a few who still do not know how to play bitcoin, especially for a beginner.

After all, nowadays the price of bitcoin continues to creep up.
In rupiah, the price of bitcoin reaches Rp700 million per piece which means almost equivalent to one unit of house.

For that, let's first know what bitcoin is before starting a bitcoin investment.
Reported by bitcoin.org, bitcoin is a consensus network that allows new payment systems and fully digital money.

Bitcoin is the first decentralized peer-to-peer payment network to be fully controlled by its users without any central authority or intermediaries.

From the user's point of view, bitcoin is similar to cash in the internet world.

Bitcoin can also be viewed as the most prominent three-record bookkeeping system that exists today.

There are ways to get bitcoins, namely:

Buying bitcoin using money
Selling goods and accepting payments with bitcoin
Mining bitcoin using a sophisticated computer
How Bitcoin Works
Reported by bitcoin.org, from the point of view of bitcoin users is nothing more than a mobile application or computer program that provides bitcoin wallets and allows users to send and receive bitcoins.

This is how bitcoin works for most users.

Behind the scenes, the bitcoin network shares a public record called the blockchain.

This record contains all transactions ever processed, allowing the user's computer to verify the validity of each transaction.

The authenticity of each transaction is protected with a digital signature that relates to the return address.

This allows all users to have complete control over the delivery of bitcoins from their bitcoin address.

So, how do you play bitcoin?
How to Play Bitcoin for Beginners
How to play bitcoin

1. Registration to Exchange
Quoted from Convestasi, the first step is to register on an exchange platform (exchange).

As of December 2020, there are at least 13 crypto asset companies that have bagged permission from Bappebti.

Some of them are Indodax, TokoCrypto, Pintu, Rekeningku, Luno, and others.

After choosing one, you are asked to do the Know Your Customer process.

In this process, you'll need to download your ID card, photos, and other necessary documents.

Wait until account verification is processed for 1×24 hours.

In choosing an exchange, you also need to check the fees needed both for the initial deposit until withdrawal to fiat currency (rupiah).
2. BuyIng Bitcoin
After that, you can already get bitcoins by buying bitcoins.

How to buy bitcon can be done through exchange.

How do I make a profit using bitcoin?

You can buy bitcoin at a low price to then sell bitcoin when the price is rising rapidly.

While to sell bitcoin, of course you must have a bitcoin balance in one of the accounts.
3. Trading Bitcoin
The next way to play bitcoin is to trade bitcoin.

Quoted door, bitcoin trading is a cryptocurrency trading activity in the cryptocurrency market.

The term bitcoin trading refers to the buying and selling activities of bitcoin in the crypto market and futures market.

Well, these crypto trading traders and investors are called cryptocurrency traders.

To analyze the price of bitcoin, several trading strategies are needed.

Quoted from Convestasi, here are the ways to trade that can be done:

Hodl: You can store bitcoins after buying them as a means of long-term investment.

Day Trading: When buying and selling bitcoin in the same day.
You have to keep an eye on price movements in order to know when it's a good time to buy and sell bitcoin.
Pump and Dump: You can buy bitcoin for a very large amount to affect the price of bitcoin and sell it when the price has gone up.
4. Selling Bitcoin
One easy way to sell bitcoin is to use bitcoin exchanges.

Bitcoin exchanges generally provide a temporary wallet to hold the balance of fiat currency or cryptocurrency to be traded by the user.

That way, the transactions you make will be guaranteed to be safe.

It's just that, it's a good thing you choose the right exchange so that the activity of selling bitcoin can run smoothly and profit.

5. Free Bitcoin
How to play bitcoin for beginners can also be done by getting free bitcoins.

One way is to mine bitcoin.

It's just that mining activities can not be done easily.

There are at least four ways to mine bitcoin, namely:

Mining in pool mining
Cloud mining
Solo mining
Bitcoin trading platform
If you want to get bitocin for free, one of the bitcoin mining applications that you can try is MinerGate.