Cryptocurrency has launched an all-out blitz attack on the world in recent years. It seemingly came out of nowhere and has since become a household name. Doing this in the span of a few years speaks volumes about how much crypto may have to offer, but it’s also put a lot of people at a disadvantage.
Unless you’ve been involved with crypto since the beginning, you’re going to struggle when the time to start trading comes. There aren’t many resources for beginner traders to take advantage of, meaning you’ve got to learn everything by yourself.
Mainstream crypto brokers leave you in the deep end when it comes to trading, which is turning off a lot of potential traders before they’ve even gotten started.
At Crypto VIP Club, they made a point to fight against this trend in the crypto space, dedicating themselves to helping new crypto traders get their feet wet in the trading waters.
When the team were designing Crypto VIP Club, they made sure that they knew who they were creating it for. they didn’t want this to be some plain and boring trading platform. Instead, they wanted a fully dynamic method that new traders could use to start trading without spending tens of hours researching.
When you first start trading, you don’t want to be diving headfirst into books about technology and economic theory, and with Crypto VIP Club you don’t have to.
The platform has been built from the ground up with you in mind. It takes care of all the difficult and time-consuming research for you, meaning all you have to do is decide how much you want to trade and set up your parameters.
They have simplified as much of the process as possible, and all it takes is five minutes every day for you to update your trading positions.
Signing up with Crypto VIP Club is quick and easy. All they need is a phone number and an email address, so if you wish to join, head on over to the signup page, and they can get you trading within a few hours.
Before diving too deeply into what Crypto VIP Club has to offer, one should go over what exactly crypto is. A lot of people know the name and roughly what it is, but very few beginners really understand what crypto means.
First and foremost, crypto is not Bitcoin. Bitcoin is a type of cryptocurrency, but the two are not the same thing. Bitcoin is a crypto the same way the dollar is a currency.
There are plenty of cryptocurrencies out there, all of them defined by the fact that there is no physical representation of value. Instead, these currencies are stored on computers.
In other words, crypto is digital currency. You can buy things with it the same way you can with dollars or pounds, but you can only carry your crypto on digital devices.
That’s the what of crypto, so let’s go over the why. Why Crypto? It’s simple, really. Cryptocurrency is a tool that can be used to fix a lot of problems that the modern world’s economy is facing.
As a collective global society, people are facing a possible financial collapse as a result of inflation. Inflation is the name given to the phenomenon that sees a currency lose its value the more of it is printed.
A dollar today is worth less than a dollar ten years ago because there are more dollars now than there was back then.
Inflation is an ugly part of economics that, up until now, hasn’t been resolved. The major powers of the world have been trying to combat it by raising the minimum wage in various countries, but the increase in pay isn’t proportional to the depreciation of value.
Put bluntly, according to some experts, every major economy in the world is heading straight for a crash. Cryptocurrency may be the saving grace that can prevent that.
Inflation comes about for one main reason, and that’s human interference. When humans are in charge of the production of a currency, it’s only a matter of time before inflation sets in.
The fact that a group of people can decide when to print more money and how much of it to print goes against basic economic principles. Value comes from a resource being finite, like gold. Dollar bills, however, are infinite.
Cryptocurrency isn’t infinite, though. Most major coins have a built-in condition that prevents the creation of more past a certain point. This, as some would say, makes crypto very similar to gold.
Given that gold was the most stable currency the human race has ever had, this bodes very well for the future of crypto and humanity as a whole.
Being finite means that most coins are not likely to depreciate. Supply and demand may be well balanced, resulting hopefully in a steady buildup of value.
Regardless of which coin is your crypto of choice, all the big players may play a key role in keeping the global economy afloat, meaning almost any choice can hopefully be a good one.
Speaking of different coins, there are a few big names that you may consider when it comes to your trading.
Of course, Bitcoin has to be mentioned. Bitcoin was the first crypto to really break through into the mainstream, and to this day, it is still the market leader and still one of the most popular.
Some experts say that It’s unlikely that Bitcoin is ever going to be kicked off of the top of the mountain, so you can always have one eye on it even if you don’t trade on it.
Besides Bitcoin, there is one other major industry leader, and that’s Ethereum. Ethereum was the second big coin to be released and built on the technology that Bitcoin had brought before it.
In many people’s eyes, Ethereum is the superior currency despite holding less value. As time goes on, Ethereum is closing the gap, though, making it a popular diversification choice for a lot of traders.
Those are the big two, but there are a few other dark horse picks worth considering. XRP, for example, has the potential to do incredibly well. As it stands, though, its volatility is holding it back. It’s hard to predict the movement of this coin, making it a risky investment with a lot of potential.
Then you have a wide variety of what are called Altcoins. These are cryptos that aren’t one of these major players. Coins like Bitcoin Cash are considered Altcoins.
Altcoins tend to be a more difficult investment for traders that know what they’re doing. It requires intimate knowledge of cryptocurrency and the current market environment to make Altcoin investing work, so you may consider to try and stay away from it until you’ve got more experience under your belt.
When the team at Crypto VIP Club first came together, they had a singular goal and vision. They wanted to make a trading platform that served as a stepping stone for beginners to get involved in the crypto space.
They managed to achieve that through the Crypto VIP Club platform.
The platform can show the current market environment and make the data available for traders to try and help them make predictions on where the price of certain coins is going. Traders can also make use of the historical data available to try and predict movements more accurately.
The older a coin is, the more information and historical data Crypto VIP Club platform can provide.
As a cryptocurrency beginner, it’s only natural that you’re full of questions that need to be answered. Crypto is a complicated topic, so you should try to know what you’re getting yourself into before you start investing. That’s why the Team put together this short FAQ section for you to have a read of.
Cryptocurrency can be stored in a digital wallet.
Digital wallets are broken up into hot wallets and cold wallets. Hot wallets can be anything from a tablet to a phone and only require internet connection.
Cold wallets, however, are specific devices dedicated to housing cryptocurrency and they do not require internet connection. You can buy these wallets from various different places online.
How much money you should have before you start trading is a pain point for a lot of potential investors. It’s a tricky question that doesn’t really have one clear answer.
The minimum you can start with on the platform is $250. This amount gives you a solid base to try and build your portfolio off of without being too high that it’s inaccessible to certain people.
Like how much money you should have, knowing when to start might be a bit of an issue for you in your trading career.
There’s a great rule of thumb that if you have a lump sum that you could burn and it wouldn’t affect your life, then you can start trading.
In other words, only start trading when you have at least $250 in consistent disposable income.
If you’re living paycheck to paycheck or struggling to make rent, wait until you’re in a better financial situation before you start building up your portfolio.
While you don’t need to learn the ins and outs of crypto to make use of the Crypto VIP Club, having that knowledge can hopefully help your trading career.
There are plenty of resources online that teach traders about cryptocurrency, but only a handful are actually beginner-friendly. While you can search these out for yourself, the team recommends that if you’re new to trading altogether, you learn about that before you learn about crypto.
Having an understanding of the technical aspect of trading might have a better return on investment than only learning about crypto.
Not only is the knowledge you’re going to be acquiring still applicable to crypto, but you can take that info and use it in other markets, as well.