The thought of playing around with Bitcoin can be terrifying…
I know when I first dipped my toes into that cryptocurrency pond I was a little nervous, but I want to show you why it’s actually very easy to make money from it.
I’ve done all the work and research here so you don’t have to.
Just follow these simple instructions and you can snatch payout after payout from Bitcoin.
I don’t want to lose you here by assuming you’ve heard certain terms surrounding Bitcoin, so let me just get you up to speed really quick.
Bitcoin is a digital currency that’s decentralized—it’s not regulated by the banking system.
Instead, it’s a currency made by the people for the people.
For these reasons, it’s known as a cryptocurrency.
There are many cryptocurrencies out there (Dash, Ripple, Litecoin, etc.), but Bitcoin is the most well-known.
So, whenever you see the term cryptocurrency, just know we’re talking about digital currencies—currencies that exist solely online.
Bitcoin is set up much like the stock market… the people making money off it don’t want people like you and me to understand any of the lingo, but it’s really not as complicated as it seems.
The biggest conflict surrounding Bitcoin is the fact that half the “experts” are touting it to keep climbing and half of them are saying it’ll soon crash.
But are we going to listen to either side of this “expert” divide?
No… of course not.
As you should know by now, we don’t need the “experts” to make money.
We’re going to look at Bitcoin the same way we look at stocks. We’re going to technically analyze it.
Again, this doesn’t consist of any hard work at all. As you’ll soon see, all it takes is 1 simple move.
Before I show you that simple move, I need you to do one thing for me.
Head over to Coinbase.com and create an account. This is where we’re going to be buying and selling our Bitcoin when the time is right.
Again, nothing complicated here, we’re just waiting for a simple buy signal and then a simple sell signal to take our big payout.
Now that you’ve signed up for that Coinbase account, let’s take a look at that simple signal I’ve been talking about.
Right now, I’m going to show you a chart that tracks Bitcoin. We’re looking at the NYSE Bitcoin Index (ticker: $NYXBT).
As you can see, Bitcoin is sitting around $11,422.15 per coin at the time of writing. You can buy fractions of coins using Coinbase, so you can start with a very small amount once we’re ready to buy.
Do you recognize that blue line going across the chart from left to right?
It’s the 30-week moving average.
Can you see how the price of Bitcoin was following that moving average throughout 2016 and early 2017?
With that being the case, what do you think is going to happen when Bitcoin comes down toward that blue line?
It should bounce right off it.
At this point, we’re going to go into our Coinbase account and buy some Bitcoin.
Remember, you’re trading here, so only use as much money as you can afford to lose.
That should be the case any time you’re investing in financial markets.
After Bitcoin bounces off that blue line, we can then sell it and take that big payout.
How simple is that?
There’s no technical knowledge needed and I’ll be keeping you up to date as Bitcoin continues to move.
