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Reasons why it is not too late to invest in Bitcoin in 2022

The international currency that is applied in global business is the US dollar, that everyone knows. 

When you need to deliver money in national currencies, you go through the process of conversion to the national currency. But today, there are other approaches that ensure protection of confidential data at a higher level and perform transactions faster. 

It is no secret that cryptocurrencies are gaining space in the commercial market, especially Bitcoin.

Do you want to buy Bitcoin? In this article I want to tell you why doing so in 2022 is still a very good investment option. 

For the doubters, today Bitcoin is hard money, with the backing and credibility of millions and millions of users around the world. 

Bitcoin gains credibility every day, a credibility that, by the way, FIAT currencies are losing with each passing day. The euro and the dollar are devaluing alarmingly every day as part of the irresponsible policies of governments that, after so much profligacy, have no choice but to steal from their own citizens.

How does Bitcoin work?

Bitcoin is a virtual currency used to buy, sell and transfer money anywhere on the planet. 

This cryptocurrency does not exist physically but only in the digital world. It is a virtual currency that is not controlled by any authority, that is why it is called “decentralized”. Therefore, consumers remain anonymous in all their transactions and no government banking authority can handle it at their convenience.

There are many other cryptocurrencies on the market, but Bitcoin is the oldest, the most valued and the most reputable. At the end of 2021, it reached a $67,000 valuation on the exchange market.

To trade a cryptocurrency you must first acquire it. This virtual currency must be purchased with fiat money, this is the most common way for the initiated, although it can also be exchanged for other cryptocurrencies. 

To do so, it is necessary to enter the official Bitcoin website, register and open the digital wallet where the acquired cryptocurrencies are stored. Thus, you will have a special code that must be used as an address to receive or send Bitcoins to other people or companies.

Why is Bitcoin gaining strength?

The great advantage and attractiveness of Bitcoin lies in the algorithm of the blockchain system. It is a decentralized network of nodes connected and secured by cryptography.

The Bitcoin boom started with a not very good presentation in the world. Some organizations used this cryptocurrency as a platform to conduct their illegal transactions anonymously. This led to Bitcoin being seen many times as a fundamental part of international crime. 

As the cryptocurrency is not controlled by anyone, central banks, economists and governments have opposed this network. It was the logical thing to do; banks cannot be expected to want to lose their power and influence in the money markets.

But over time, many large companies have opened their doors and venture capital funds began to invest in Bitcoin. 

Thus, with high technology and mobile applications, payment modes that include crypto assets have become more and more in demand.

Gradually, ordinary people and big investors have changed their attitude and accepted cryptocurrency as another opportunity to make a living. We are facing a real monetary revolution.

According to JP Morgan analysts, the price of Bitcoin is going to jump sharply in the medium term and is estimated to reach $146,000. They also believe that by the end of 2022 it will reach $650,000. Although it seems an overly optimistic expectation.

Bitcoin trading strategies

When trading Bitcoin, there are five strategies used by experienced investors, but the first thing the investor must do is to know the peculiarities of each strategy to choose the most appropriate one.

Intraday trading: It is a strategy to gain value in one day. It involves opening and closing movements of the market on the same day. Thus, the investor takes advantage of this time to make profits.

Scalping: Scalping involves making profits through many consecutive trades. Trades last seconds, maximum one minute. This methodology is perfect for trading volatile assets such as cryptocurrencies.

Trend trading: This type of trading involves maximizing profits from the trend, keeping the position open until the price grows. It is not necessary to open and close each position quickly. The trend can last for any length of time.

Swing trading: Swing trading is based on price swings within a trend. It takes full advantage of the volatility of the market. To perform this type of trading it is necessary to know the technical indicators and the factors that move the markets.

Automated trading: This strategy involves a computer program executing trading orders automatically. Bots do not rest and can work without interruption, on autopilot.

Each strategy has its advantages and disadvantages, but with in-depth knowledge and specific financial objectives, the investor will know which one is the most suitable for executing his crypto trading.

Investing in cryptocurrencies, specifically Bitcoin, is still a good investment in 2022, despite the risks that all these investments carry.

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