How To Trade AltCoins Using Bitcoin For Extremely Profits

Thinking about making extra cash while you still do you office job and other business, think Coins trading using the World most accepted cryptocurrency. With the Global adoption of Bitcoin, and the trend at which new comers enters the cryptocurrency community every day and now for the purpose of making more money. There is need to explain certain terminologies associated with the trading of Bitcoin and other Digital currencies.
Trading Bitcoin and other Digital currencies or AltCoins can be very profitable for beginners
 Professionals if studied carefully.
Before we go further here are some basic terms you have to look at for:

The Volume
Volume tells you about trends that are happening. It shows if a trend is going to stay or if it is just a pump/untrue trend. If the price goes up but there is very little volume to support it, odds are the price will go back down. If the price goes up and a high amount of volume supporting it. 

Make Money Every Day Trading Bitcoin and AltCoins

The Global adoption of Bitcoin, and following the trend at which new comers entering the cryptocurrency community every day and now for the purpose of making more money. There is need to explain certain terminologies associated with the trading of Bitcoin and other Digital currencies.
Trading Bitcoin and other Digital currencies or AltCoins can be very profitable for beginners
 Professionals if studied carefully.
Before we go further here are some basic terms you have to look at for:

The Candlestick
The blue and red bar you see on trading platforms/chart are called candlesticks and they basically explain the following things;
The price of each coin when it opened and closed. That is, how high and low the price dropped during the time interval. When the candlestick is green, the open is on the bottom of the body and the close is on the top. While when the candlestick is red, the open is on top of the 

CRYPTOCURRENCY AND THE VARIOUS TYPES

Recently the increase in the rate and dominant success of Bitcoin among other Cryptocurrencies in the digital currency market can be attributed to it high level of acceptance and decentralized network.
Bitcoin has been the everyday talk, transactions and buying and selling among online marketers and investors around the World.

Cryptocurrency is a type of digital currency, though not all digital currency are cryptocurrency.
Digital currency on the other hand is a form of virtual currency that is electronically created and stored.
Cryptocurrency is a digital currency created by the Japanese mathematician, Satashi Nakamoto. It is generated digitally by electronic means through a process known as mining.

BITCOIN IN NIGERIA "ESSENTIAL THINGS TO KNOW"

Most often when i talk about Bitcoin as a form of digital currency among some youths in Nigeria they seems to be confuse while some will say they have not heard of it with lot of questions ranging from what Bitcoin is, it acceptance as medium of exchange to it inventors.
While some still find it difficult to believe when i said, Bitcoin can be used for a whole host of things electronically, such as buying lot of goods from different online shops, paying bills and most especially for investments and trading.

What is Bitcoin

Bitcoin is simply a form of digital currency, created and held electronically using Web wallets such as Blockchain.info. Bitcoins can not be printed, like  other currencies such as naira, dollars, yen and euros. Bitcoins are produced or mine by people.
According to Wikipedia, Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

Bitcoin And Other Normal Currencies
Bitcoin like other normal conventional currencies such as dollars, naira, yen and euros are also traded digitally. Thus, Bitcoin most important advantage to other normal currencies 

BITCOIN: NDIC And CBN Are looking Into Digital Currency

Following the recent trends on digital currency, particularly Bitcoin and other rising wonder banks.
Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Commission (NDIC), on Friday said the commission and CBN had set up a committee to look into the trending “digital currency, ‘bitcoin’. Ibrahim said this at the ongoing 2016 Workshop for Financial Correspondents in Kaduna.

The theme of the workshop is ” Economic Recession and the Nigerians Banking Sector: Opportunities,Challenges and the way Forward”.

Ibrahim said “On our part, we have constituted a committee together with the central bank to have an in debt study of this phenomenal bitcoin. “We will look at it’s advantages and disadvantages, what it means for the payment system and what it means for safety and security of customers.