As of February 2011, Bit coin price was $1.Ten years later, the cost of this crypto currency(加密货币) was $51,000 in 2021.
It’s this shocking takeoff that has prompted many people to consider Bit coin trading. But what’s the secret in Bitcoin trading? How do you become a successful Bit coin trader?
Understand how to trade BitcoinTrading platforms like the bit coin system app make investing in this crypto currency easy. These are marketplaces where you can purchase and sell Bit coin. Using such a platform enables you to learn about Bit coin and even trade more efficiently.
Understand the fluctuating(波动的) pricesBit coin has existed for slightly more than a decade and crypto currency is already receiving global acceptance and recognition. But Bit coin prices can fluctuate wildly. Luckily, this can also be a chance to gain heavily from Bit coin trading.
Watch out for investment opportunitiesWhen dealing with Bit coin or any other cryptocurrency, consider different investment opportunities. Using a reputable(信誉好的) Bit coin exchange(交易所) is an excellent way to start. That’s because a pleasant crypto exchange provides all the information you need to make an informed decision.
Essentially, you only need capital to start purchasing and selling Bit coin for profits. However, it would help if you also had a digital wallet to store your coins when not trading. Only move the money you need to trade from your digital wallet to your exchange.
Understand your reasons to invest in this CryptocurrencyEvery investment comes with some risks. Before you invest in or start trading Bitcoin, know your reasons for engaging in this activity. If you can’t tolerate risks, Bit coin might not be an ideal investment for you.
Buying and holding Bit coins is an excellent strategy for investing in this crypto currency. However, you should be ready to withstand the fluctuating market prices. Don’t be tempted to sell all your coins when the price starts decreasing. Instead, be prepared to buy and hold your Bitcoin on a long-term basis.
12. According to the passage, which of the following statements is RIGHT?
A.There is no risk investing in Bit coin. | B.Bit coin price only has as light change. |
C.Bit coin investment suits everyone. | D.There are specific apps for trading Bitcoin. |
13. What is the appropriate thing to do when Bit coin’s price begins to decrease?
A.Selling all the bit coins immediately. |
B.Understanding the price is fluctuating and waiting till there is a good time. |
C.Moving all your bit coins to your exchange. |
D.Taking the chance to buy more bit coins. |
14. Why do many people begin to take Bit coin trading into consideration?
A.Because they have made huge money. |
B.Because Bit coin has received global acceptance and recognition. |
C.Because there is a chance to gain heavily. |
D.Because Bit coin trading is easier than other investments. |
15. What is the best title for the passage?
A.A New Investment Opportunity |
B.Keep A Good Watch at Your Money |
C.The Origin of Bit coin |
D.Some Useful Suggestions to Start Bit coin Trading |