What Are The Pre-Requisites For Investing In Bitcoin?
Cryptocurrency has gained a lot of attention in the last decade. As a concept, it has gained momentum in ways no one would have ever imagined. The advent of the internet has been a huge contributing factor to this increased momentum. With people relying on internet services more and more every day, it was inevitable that a method to make payments that were secure and de-centralized would come up. Out of all kinds of cryptocurrencies though, Bitcoin remains the most valuable and well-known. So much so that the word ‘Bitcoin’ is practically a household term nowadays. The way its value has risen recently, it’s no wonder that Bitcoin has become an investment tool for many. But before a new investor wishes to invest in Bitcoin, it is smart to know certain aspects of it beforehand.
Arbitrage trading, of cryptocurrency or otherwise, has become one of the safest ways to invest recently. Understanding the basic concept of how it operates comes in handy when one is trying to spend their time, energy, and most importantly, money on it. Arbitrage basically means to buy something in one market and sell it in another market at a higher price. If looked at from a general perspective, trading in arbitrage comes with a very low-risk profit. This is exactly why in recent times, investors who own BTC have been known to indulge in arbitrage trading of it. Time and again, it has proven itself to be a worthy candidate for gaining maximum profits at minimal rates.
Another aspect that comes forward while one is trying to understand arbitrage trading is that of arbitrage bots. The procedure of arbitrage previously mentioned is essentially impossible to do manually. This is where the technology of arbitrage bots becomes very useful. These bots keep running round the clock to find the BTC-USDT price difference among multiple currency exchanges. The moment these bots find a difference, trades are made on both exchanges, meaning the one with the lowest and highest exchanges. Around 1000 such trades are made each minute which throws the question of doing any of this manually out of the window. These microtransactions when added up, make up a big number.
Profitable.Is remains a proud platform to host technology like arbitrage bots. That is why we believe in complete transparency of concepts when it comes to our investors. We want them to have all of this information beforehand when they make any kind of investment decision. We understand that an investor, no matter how new or experienced, comes to us with a dream of wanting to gain profits. We at Profitable.Is take pride in helping them achieve this dream. But before they move ahead with any kind of investment with us, we urge them to have this knowledge of the trading world with them which we consider a pre-requisite. There are more concepts to be understood but if anyone chooses to invest with us, a basic understanding of arbitrage trading in Bitcoin and the working of arbitrage bots is enough.
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