Nobody knew that a digital currency could move the market - astoundingly Bitcoin made that happen. Bitcoin merely started with just a few dollars when it was introduced in 2009 and hit a mark when a BTC miner bought 2 pizzas at 10,000 BTC from Papa John’s in Florida; saying that, the value of bitcoin now is approx 13,128 USD. It is a cryptocurrency which is also known as a digital or a virtual currency that can be used for transactions and investment.

If you’d ask a bitcoin trader, they would probably give you a thousand reasons to be a full-time bitcoin trader and why not - the growth of bitcoin has been exponential. In fact, many top companies use cryptocurrencies such as Microsoft, Overstock, Newegg, Wikipedia and many more. However, it is also important to notice that it is a volatile market and there’s no rule book to play the game. But if you want to take the chance - 

In this blog we are going to give you the Edges of being a full-time bitcoin trader:

1. Time to focus on other things

Bitcoin - a cryptocurrency works on blockchain technology and unlike the conventional modes of trading, with bitcoin, you could use bots which are programmed to function to buy and sell cryptocurrencies in order to earn profits and performs on the functions that you have noted. It is an automated program that works round the clock. So it gives you the leverage to not be the part of FOMO but rather focus on things that you always wanted to do. It could be from using the time to skill on more investment strategies, to learn about other investment areas, to learning the hobby that you never had the time to while on the parallel - bots would be working for you!

2. Transact your way

With the traditional finance system, the trader has to follow the guidelines strictly especially if they have to make huge transactions and to add more some of these institutions can also cap the amount. However, in the world of bitcoin and thank god for its underlying technology, all these implications can be eliminated as you can transact any amount to the other user, provided they should also have the account.

Also Read, Is Cryptocurrency Trading a Get-Rich-Quick Scheme?

3. On your fingertips

Bitcoin space has an ‘n’ number of applications that have been developed to make the trader’s work easy and efficient. The application facilitates all the information and work, where everything is system-driven and these very applications are also compatible with mobile devices. So you can transact without any impediment at any time from anywhere!

4. Constant work of process

Unlike the traditional financial institutions for trading, you would not need to worry about server downtime, holidays, or strikes because the bitcoin-related system is always running and processing to make your work have no wait-time.

5. Flexibility

When you are a full-time trader, you have the flexibility to work on your terms, have a better work-life balance, independence, not be interfered by anyone - you are your own boss, you can have your own financial freedom and the process would be cost-efficient as you have no broker but yourself!

Also Read, 3 Ways To Identify And Avoid Manipulation In Crypto Market

6. HODL

HODL - Hold on for Dear Life - this is basically the slang in the crypto world. It means to hold a cryptocurrency for a longer period of time than just selling it. Although the crypto market is volatile it is still stated as ideal to hold on for a while as it may increase exponentially in the long term. For instance, Bitcoin - in 2011 was mere $0.35 while the same bitcoin shooted to $20,000 in 2017.

7. You could start with small

When investing in bitcoin, you need not necessarily have huge capital. You could start with something small and let it grow over time. However, to do this you would need to learn the road to making profits such as buying, selling, farming, yield farming, crypto lending, trading pool, portfolios, choosing the right exchange or application and so forth and make a diligent effort on researching and being updated.

8. The strategies

If you want to be a full-time bitcoin trader - it is of utter importance to know your field and be the expertise. Strategies such as - HODLing, Hedging Bitcoin, Trend Trading and Breakout Trading. 

9. The plan

As a full-time bitcoin trader ultimately you should have the plan -

• Knowledge of Bitcoin, cryptocurrency and blockchain.
• Understanding of the Bitcoin market.
• Choosing how to trade.
• Choose your bitcoin trading >
• The platform you choose to trade with.
• Building a trading plan.
• Always be updated with the market and trends.
• Set your limitations