BitCode AI is specifically designed to help new traders access the Bitcoin market and analyze the charts intuitively. The software was developed with Bitcoin traders in mind and allowed the users to see "the bigger picture" regarding price movements.
Over the last decade, online trading has risen in popularity astonishingly. Many people have taken an interest in trading because it can be done globally and accessed from nearly any device. With all the hype surrounding digital assets and online trading, it's no wonder people want a piece of the pie.
One of the more prominent assets to rise in value in the last five years is a cryptocurrency known as Bitcoin.
Many people online are unaware of the power of Bitcoin's storage value and its high market demand. These two aspects make it one of the most sought-after digital coins on the market, but it does not stop there. Advances to the blockchain and yearly halving of the asset increase its value even more.
The coin came to be in 2009 and was compiled by digital creator Satoshi Nakamoto, who designed Bitcoin to be a reward token for the blockchain's miners. These miners complete peer-to-peer financial transactions over the blockchain and are awarded a small piece of Bitcoin every time a deal is concluded.
Little was known about the cryptocurrency or how it worked in the early years, but that didn't stop the Winklevoss twins from investing. A friend in Ibiza told them about Bitcoin while tanning on the beach, and they decided to purchase some. The brothers bought around $1 million of the digital asset in mid-2011, and by 2013, it had already doubled in value. This astronomical growth was unheard of among investors and caused quite a stir in the financial sector.
2013 is when other more prominent developers and investors started to take note of this digital token. Many developers saw an opportunity to use the blockchain as a means to create their own cryptocurrencies.
Bitcoin paved the way for new emerging cryptos to rise and become part of the new digital currency age. Coins such as Ethereum and Ripple (XRP) used some of the code from Bitcoin in their blockchain development.
With new cryptocurrencies coming to power, it made investors take note of Bitcoin even more, and by 2014 multiple financial institutions were buying up the asset. This drove the price of the coin higher as it reached around $5,000 in September 2017.
That is phenomenal growth from an asset that has only been in the market for seven years at the time. Currently, Bitcoin has increased in value by over 8,000% and is the best performing asset of the last 20 years.
Its store value has been compared to gold and is likely to surpass any other trading security on fiat or crypto exchanges.
No matter how you look at it, cryptocurrency and Bitcoin are here to stay. The metaverse is considering including Bitcoin into its economy to help further decentralization.
Whatever you decide to do, you can't ignore that Bitcoin has changed how people transact. It's time to learn more about this digital asset and how to trade it using BitCode AI.
What is fantastic about BitCode AI is that it is developed to be user-friendly and intuitive. Even if you don't know anything about Bitcoin trading or how the market works, BitCode AI makes it easy to view the charts.
The application was made by traders for traders and included an array of excellent market analysis tools. These tools come in the form of technical indicators and boxing instruments to determine crucial support/resistance levels. Using BitCode AI, you can gain deeper insights into Bitcoin price movements by using the candlestick or line chart provided with the application. There are a variety of other tools included with BitCode AI, and some of them are mentioned below:
These are some of the most popular tools used by Bitcoin traders to invest around the world. However, BitCode AI is loaded with other features and technical indicators, so even veteran traders can find the ones they are looking for.
Please bear in mind that there is a substantial risk with digital trading and the financial markets. The same goes for Bitcoin and any other alternative coin that you may consider investing in.
Over 75% of traders lose money when attempting Bitcoin trading for the first time because of a lack of patients, capital, and knowledge. Before entering the Bitcoin markets, it is recommended to educate yourself about the platform and its inner workings. Luckily for people who have not experienced how a Bitcoin chart works or haven't used an application like BitCode AI before, a demo account is available with the package. With this account, you can trade with fake currency to find your consistency without investing money first.
It's good to note that a demo account can't take the place of a real one, as trading with your funds is an experience on its own. When you are ready to trade with your capital, starting with a small investment is recommended, so you do not feel too stressed if things don't go your way.
When considering using a trading application, one of the most common questions is, "Should I invest?". This question has bothered investors and non-investors for years. The potential risks involved in digital currencies are one of the main reasons most people stay away from investing in them.
Investing in Bitcoin or not is entirely up to you. A good rule of thumb is to only trade with money that you can afford to lose. The Bitcoin trading environment can sometimes be very stressful, especially if a trade is not going in your direction. If you feel uncomfortable with your current trading circumstances, we suggest holding back until you feel congenial.
Even though Bitcoin trading is complicated, BitCode AI was developed to be accessible and comfortable for users of all skills levels. In most instances, people don't understand what's happening on the charts, which stresses them out. This lack of understanding can be the crutch of many traders, but these drawbacks can be eliminated through journaling and education.
Once you have a better understanding of Bitcoin trading, you can develop a consistent investing strategy. It would help to remain a student of the markets and adaptable when conditions change. Being resilient is crucial to overcoming hurdles on the Bitcoin chart, as it builds character during your trading journey.
Creating a Bitcoin strategy with BitCode AI is the first step to finding your feet in the markets. You can add a range of indicators to your plan as confluences for your trading bias. Confluences give traders confirmation on a trend's direction and can also signal them to enter the market.
It's suggested that investors include at least two to three confluences in their trading strategy, as it provides the user with more supporting market data. One of the most vital pieces of advice we can give you is not to rush into the market with real money before understanding it. This can be detrimental to a person's trading career as they are likely to lose funds initially and never return to the chart again.
Many traders fail because of a simple lack of education and knowledge. Understanding how the market moves is crucial to being a successful investor, so do not forget to learn before earning.
Now that you have some basic knowledge of how trading works, you may consider how BitCode AI can help you when investing. Bitcoin trading can be a challenging activity to master and requires a ton of learning before entering the markets.
If you are struggling to get consistent, it is suggested that you begin journaling to highlight your mistakes. By writing down your wins and losses, you can be as analytical as possible when examining incorrect trades. Luckily, a demo account is included with BitCode AI, which helps new investors learn the Bitcoin chart without investing money. Only through dedication and perseverance can you find the success you want when trading digital currencies.
BitCode AI was designed for traders from all walks of life and comes with an intuitive yet straightforward trading hub. It can help investors make intelligent trading decisions by integrating the available technical indicators into their strategy. This application can give you a bird' eye view of the Bitcoin chart so that you can be as analytical as possible. However, if you are a novice trader and need help investing, an account management option may suit you.
The account management service is offered to all our new traders who need help analyzing and opening positions on the Bitcoin chart. Once you sign up with BitCode AI, an experienced broker or account manager contacts you to confirm if you want to use the app solo or via one of the consultants.
Suppose you decide to trade by yourself its vital to remember that you still need to put in most of the work before opening a position. Becoming a successful trader takes time, and please be aware there are no shortcuts for investing.
Sometimes you need to learn the hard way for you not to make the same mistake again. That is where journaling comes in and gives you the chance to record your errors in the hopes of rectifying them in the future.
The primary reason BitCode AI was developed was to create a Bitcoin trading platform that traders of all skill levels could use. We wanted to make it easy for anyone to join in on the Bitcoin revolution.
By following the simple steps above, you can analyze and trade the Bitcoin charts in no time. BitCode AI allow traders worldwide to invest in the most potent digital coin through leveraged speculated positions. It gives investors a better overall experience when accessing the charts through its intuitive dashboard.
Our simplistic software is specifically designed to trade Bitcoin and nothing else. Some applications offer multiple asset classes to choose from, but BitCode AI changes the game and focuses solely on Bitcoin. Focusing on a single asset allows traders to hone their skills and not overwhelm themselves with the plethora of information on the internet. Once you have gathered enough understanding of Bitcoin itself, you can move to other alternative coins or other financial instruments.
The best thing about Bitcoin is that there is so much to learn. There are talks of upgrades to the blockchain coming soon and yearly halving on the coin, which increases the assets' value and draws more attention. With the recent advances in Bitcoin and other cryptocurrency blockchain technology, you can spend the rest of your days studying this powerful digital token.
There are only three simple steps required when signing up for BitCode AI. We wanted the registration process to be quick because we know how important your time is.
Please be aware that we do not require a copy of your ID or bank statement to begin; all we need is a valid email address and some basic contact information. This effortless setup has helped investors start trading the same day their account goes live. Below are the steps for signing up an account with BitCode AI:
Fill out all relevant information on the registration form at the bottom of this page. Some of the details required include your full name, account password, phone number, and email address. Please note using a strong password can help to protect your new investing account.
Once your information has been filled in and verified, you are contacted by one of our approved account managers. They give you the option to open trades through the platform or use their services if you are a beginner. Either of these options is a good choice, so be sure to choose the one that makes you feel the most comfortable.
It's time to start working on your Bitcoin investing strategy with BitCode AI and get comfortable with the tools it offers. We want to make it easy and simplistic for all our users to get started in the Bitcoin trading industry, and we hope our application delivers above expectations.