The cryptocurrency market has been increasing in popularity and scale in recent months. The fact that Bitcoin surpassed $58,000 and Bitcoin market value reached $1 trillion early this year show a huge potential of cryptocurrency, attracting more investors entering the market.
Danniel Liang, an advertising worker, without any financial education, began to invest in cryptocurrency in August 2020 when the price of Bitcoin was still lower than $20,000.
“I didn’t start crypto investing in a bull market, so contracts for difference (CFDs) seemed like a good option to me” said Liang. “On Bityard, you can trade with only $5 as your position margin, and the trading fee is pretty reasonable. Also, Bityard offers DEMO mode for its users to practice trading before making any deposit.”
The reason to start investing in cryptocurrency
Most people start investing because they want to make extra income, and Liang is no exception. “As an advertising worker, there is small chance for me to earn a huge amount of money in a short time.” Said Liang. “Through news and friends, I get to know and become interested in crypto assets like Bitcoin.”
“I have tried many trading platforms. So far, the one I prefer the most is Bityard Exchange.” Said Liang. “Bityard is also the first exchange I have engaged. It offers professional cryptocurrency trading services with many popular asset trading pair options.” Liang is interested in investing in mainstream cryptocurrencies, including Bitcoin and Ethereum, and he can buy and sell these coins on Bityard.
“Bityard has a user-friendly UI design, which is good for beginners. You don’t need to be a financial expert to trade on Bityard. After practicing trading in DEMO mode several times, it’s not very difficult for anyone to understand what crypto trading is about.”
“When I have no proper trading strategy, I will follow some experienced traders and copy their trading positions. On Bityard, only qualified traders can become ‘listed’ and get followed by other people.” Liang says that he has copied several traders with good performances on Bityard. “Bityard copy trade system is also very simple to use. A user only needs to find a trader and start following, then the trader will do the rest.”
Suggestions for novices
“A complete research on market is needed before investing real money in any type of asset. At the same time, you need to be always rational.”
Liang reminds all traders: “Every type of investment is accompanied by a certain degree of risk. Never invest money that you can’t afford to lose.”