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How To Be A Smart Crypto Trader

Cryptocurrency is the digital currency created from the internet code. In recent years, cryptocurrency has rapidly gained ground and understanding its use and value from the public. During the early days, it seems to be unfamiliar among people. Nowadays many individuals are familiar with bitcoin, ether etc., cryptocurrency is using newer technology called“block technology” which keeps the currency and technology safe.

There are many types of cryptocurrencies. Some of them are bitcoin, Ethereum, dash, ripple, Dogecoin, etc, It is made in such a way that it cannot be a counter field or reversed arbitrarily by the tender as with credit card change back, there are nearly 1400 digital currencies exist in the market. It is free from the central government and monitored by the inter-protocol read more about crypto code.

Cryptocurrenciesbenefits:

Lower payment: Transaction fees are lower with bitcoin when compare with credit cards, it eliminates the need for basic transaction charges.

It attracts a new customer: Cryptocurrencies transaction is technical irreversible and it makes them very attractive to merchants. The received funds are immediately spendable.

Instant payment/ immediate settlement: It has created and patented instant payment notification system in which they will act as the trusted third party between the buyer and seller and facilitate the transaction between them.

Go ahead for your competition: Being an early investor for cryptocurrency you can gain a competitive advantage over your competition and other benefits is it has no chance of identity theft.

Tips to be a smart crypto investor:

Steps 1: There is one great reason to diversify of your portfolio with cryptocurrencies. If you like to buy much quantity of coins to increase the volume for future gains.

Steps 2: Splitting your portfolio different coins will reduce your risk, understand the strategy use your diversification with the intention to invest more.

Steps 3: Understand the market value or cap is really more important than the price and don’t focus on an absolute price.

Conclusion: Once you started earning money in cryptocurrencies. The most important is your portfolio will be reached double or more than double value gains. The good amount of investment on your profits in cryptocurrencies will increase market price overall and the market capitalization. The best idea you can suggest your friends and family to encourage to research about cryptocurrencies and you can also guide them to make more profits.

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About The Blog Author

Teresa Duncan received a degree of Master of Science in Healthcare Management from Marymount University. With over 22 years of healthcare experience (15 in dental), she has unique insight into the world of dentistry. Her specialty is helping dentists and managers increase revenue. By focusing on accounts receivable and insurance management, she helps dentists increase the value of their practice. As a member of the Association of Certified Fraud Examiners, she has a special interest in helping dentists identify and safeguard against employee embezzlement.

Teresa is founder and president of Odyssey Management.

She is a Fellow and Educator for the ICOI’s Association of Dental Implant Auxiliaries. Look for more articles from her regarding practice management, dental implants and oral health care news. She was named 2010’s ADIA Educator of the Year.

Teresa is a member-at-large on the board of the Academy of Dental Management Consultants.

Teresa is a Trustee for the auxiliary education-focused DALE Foundation.

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