The interest in cryptocurrencies like Bitcoin is soaring. However, the digital currency market has seen unprecedented turbulence in the last months. Dogecoin, an asset created as a joke in 2013, surged by 500% in April 2021. Bitcoin hit an all-time high in April of the same year, just to see its price fall steadily since May.
With markets in disorder, cryptocurrency consultants are in high demand. The reason is that there’s still a gap between accessibility (the number of available resources to learn about crypto) and knowledge (the ability to deal in digital currencies with confidence).
A lot of investors in crypto have made millions of dollars in profits. Others, however, have lost it all. Several new cryptocurrencies act as a pyramid scheme, recruiting members with the promise of receiving payments for enrolling others. But there are no guarantees in the cryptocurrency world! Anyone promising assured returns on their investment will be lying. Part of the education process when joining the world of Bitcoin and crypto involves becoming aware of the intense volatility of practically all digital currencies.
More people are becoming interested in investing in Bitcoin and other blockchain technologies. Whether you believe in crypto’s potential for social change or its ability to store value, digital currencies are here to stay – and grow. But here’s the good news: If you are new, you are not alone. Getting started is easy if you know where to begin.
Investing in crypto assets is risky but can also be extremely profitable. For most of its life, Bitcoin was in a bull market (going up in value and expected to continue rising). It took the cryptocurrency 8 years to reach $20,000 per coin but just three weeks to duplicate that price! By April 2021, Bitcoin had soared more than 700%. However, its price plummeted in May. A few things happened around that time. Elon Musk questioned its environmental impact and said Tesla would no longer accept cryptocurrency payments. Some banks also blocked payments to crypto exchanges, primarily due to concerns about criminal activity.
Given the volatility of the currency, it’s likely Bitcoin will gain momentum again in the future. After all, it is the most popular crypto as it can be used as a medium of exchange, for storing value, or for making payments. Bitcoin’s price tends to suffer from painful crashes – yet it consistently retains a significant portion of its previous gains. It’s still one of the most liquid investment assets there is!
Although in the vanguard, Bitcoin is not the only cryptocurrency there is. Ethereum (ETH), a decentralized public ledger for recording and verifying transactions, is second in the market. Ether is now accepted as a form of payment for products and services. Litecoin (LTC), launched in 2011, is sometimes referred to as “silver to Bitcoin’s gold.” The coin has a faster block generation rate and offers faster transaction confirmation times. Other cryptocurrencies popular today include Cardano (ADA), Polkadot (DOT), and stellar (XLM), and these are just a few among the hundreds.
All in all, the global cryptocurrency market is projected to continue growing. Unlike world currencies, which a government regulates, these digital currencies are immune to inflation. The blockchain system is also infinite – plus buying or selling crypto doesn’t require you to go through a broker. Instead, it can all happen in your wallet instantly. Companies like BitTrust also offer physical stores that provide you with a secure and safe location to carry out transactions. You can sell and buy Bitcoins and 500+ other cryptocurrencies in person within minutes.
There are good reasons to get involved. Bitcoin and cryptocurrency trading is relatively new, so unpredictable swings in price and volatility can create opportunities for massive gains. However, it can all seem a little daring if you’re a beginner. Fortunately, there are ways to understand and appreciate blockchain technology – and get you ready to invest in crypto in the best way possible.
Blockchain and cryptocurrency consultants offer a variety of services. For example, they provide investment advice and assist you with setting up your mining rig at home. They can also offer expert advice for those who want to create a new cryptocurrency and support businesses from start to finish.
Bitcoin and crypto consultants supply technical support and training for beginners to experts. One-on-one private cryptocurrency training is perfect for getting you ready to buy and secure your first crypto. They can show you how to keep your coins safe and how to sell, buy, invest, and trade your currencies. Additionally, they can recommend the best digital communities to continue learning on your own and with others.
Blockchain also offers a unique business opportunity to generate trust and transparency. As a versatile emerging technology, it has been used in a variety of business applications. For example, blockchain can improve track and tracing of items in supply chains and facilitate financial transactions. Therefore, consultants typically cater to businesses wanting to find out more or plan blockchain and crypto applications. These consultations usually include training for everyone in an organization.
You don’t need to be new to the crypto world to benefit from some experts’ help. Consultants usually cover a range of advanced topics such as DeFi (decentralized finance), Initial Coin/Dex Offerings, and hot and cold storage wallets.
Cryptocurrency exchanges like BitTrust offer services such as training and consultancy to help you trade your assets more efficiently. For a small fee, you can have one-on-one sessions from anywhere in the world using secure video and screen sharing.
BitTrust’s expert sessions can cover anything from the basics of blockchain and crypto and which exchanges to set up accounts in, to how to move and see transaction data and establish good backup and recovery plans. More advanced topics can include yield farming, customized security plans based on your needs, crypto-asset inheritance planning, and crypto hedge investment fund guidance.
BitTrust supports Bitcoin, Ethereum, USDT, and over 500 other cryptocurrencies. You can check their Buy and Sell Rates here.
You can find out more about their Blockchain Consultation Services here.
In Bitcoin we Trust™
