Pros: Easy to setup, ability to follow and copy experienced traders, Helpful video tutorials Cons: Only 4 execution times for trades a day, Does not accept US customers Conclusion: eToro is probably the easiest investment platform to understand from all other alternatives.It’s simple approach and the fact that you can copy trades and diversify your investment in different people is unusual in the Bitcoin trading world and might be worth considering.The trade hours limitation (only 4 times day) do however prevent it from being my all time favorite.For more information about eToro’s social investment platform.One of the most interesting investment platform around for Bitcoin is eToro.Unlike other trading platforms, eToro differentiates itself from competitors by being a social investment network and addresses the facts that: Through the use of eToro’s Openbook the world’s largest social network of investors is built.You can now tap into the wisdom of over 3m investors from 200 different countries and view their portfolios and trades.

The basic idea is that you can copy of successful investors, which makes the whole story of knowing when and what to invest in much simpler.So instead of the need to decide in what stock or commodity to invest it, you can decide which person to copy (based on his past failures and success).So what you need to do is see, follow and copy the best performing traders in the network.This means that You don’t need to be an expert to invest like a top performer.For example, Annie Charalambous  invests 3.5% of her portfolio in Bitcoin and has gained more than 30% on her Bitcoin investments until today.She has almost 80,000 followers and you can also see which traders she copies to get more insights.I believe that the best thing about eToro is that it’s easy to use for inexperienced traders.It doesn’t involve all sorts of complex trading platform and weird terminology.It only takes 3 clicks and you can start investing.The downside to eToro as that since it’s made for “simple” traders, it won’t let you short sell and leverage on Bitcoin when that price drop unlike other trading platforms such as AvaTrade or Plus500.

Go to eToro’s Openbook Bitcoin page and click on “Invest in Bitcoin” After that you will be able to choose the amount of dollars you wish to invest.You can choose from the defaults of $50, $500 and $1000 or state a custom amount.I suggest starting with the minimum amount of $50 just to get yourself acquainted with the system.Next you will need to enter your payment method and fill in a short survey which is required by regulations for eToro as it is a trading platform.bitcoin za smsOnce you finish the survey you will be required to upload an identification document for your account to be verified.ethereum technology stackAfter you upload this document it can take up to 5 days to get reviewed although from my experience it takes much less.bitcoin farming wiki

Once your account is verified your order will be executed in the next execution time which are at 06:00, 12:00, 18:00 and 00:00 Monday to Friday.So keep in mind that if you want to place a trade at 16:00 you need to place it at least 5 minutes before, meaning 15:55.eToro take a fee of a fixed 1% of the execution price or a minimum of 1 cent per transaction.I must say, that I didn’t sign up for eToro for it’s social platform but I was really amazed by it.ethereal steam marketAfter making my initial investment of $50 (which is now a booming $52.23) I started getting people writing on my wall with different suggestions and helping me out to build my portfolio.bitcoin mining software for ipadThis is a real big plus for inexperienced traders.litecoin cpu miner

eToro is probably the easiest investment platform to understand from all other alternatives.It’s simple approach and the fact that you can copy trades and diversify your investment in different people is  unusual in the Bitcoin trading world and might be worth considering.About Latest Posts Latest posts by Ofir Beigel (see all) [Review] Changelly VS ShapeShift– The “Instant” Cryptocurrency exchanges “Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69 “Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $2345.56Avner Meyrav When it comes to currency investment, there’s no asset quite as mysterious and alluring as Bitcoin.The cryptocurrency, which exists in its own, never-before-seen form, has attracted millions of investors worldwide and has shown faster gains than any other asset in history.In its first 4 years of existence, it went from being worth less than $0.01 to a whopping $1,250.As of today, it is hovering around $1,000 and is one of the most volatile and unpredicted assets in the market.

If you want to get in on the Bitcoin craze, here are a few things you need to know first Firstly, it is important to know the principles on which the Bitcoin system was founded.Bitcoin is decentralised, meaning there’s no central bank or government regulating it.It has no physical form and exists solely as encrypted digital code.Bitcoin is regulated by its creators, who are steadily adding more of the currency to the market at a decreasing rate.Their plan is to have 21 million Bitcoin in the world by 2109.Currently, there are about 15.5 million bitcoin.Next, let’s try to understand what caused its unprecedented surge in price.At first, Bitcoin didn’t really have any traction.It was reserved solely for the early adopters, and there were very few businesses that accepted it as a payment method.In fact, the first transaction ever made in Bitcoin was for two pizza trays, which cost 10,000 Bitcoin in 2010.Today, those pizzas would have been worth around $9 million!As more and more businesses accepted the currency, it gradually went up in value.

At the same time, people were starting to embrace the idea of a decentralised currency, and as more people jumped on board,  prices began to soar.Up, Down, and Up Again Over the years, Bitcoin has displayed seesawing behaviour, reaching a peak, then crashing, then reaching another peak and crashing.This was the case up until it reached its all-time peak in 2013, which it has not been able to replicate since, despite coming close at the end of 2016.The currency, which was initially perceived as exotic and mysterious, has gradually become a legitimate investment option.Moreover, many investors saw Bitcoin as a haven asset, similar to gold.Unlike traditional currencies, which are affected by changes in their respective economies, Bitcoin is not affected by changes in the field.Therefore, some traders use it as a hedging tool when their own currency is on the decline.A good example of that is the fact that many Chinese investors turned to Bitcoin recently when the Yuan was declining.So, what should you do if you want to invest in Bitcoin?

Firstly, while a single Bitcoin is pricey, currently valued around $900, it is possible to use online trading platforms, such as eToro, to engage in a fractional transaction, investing less than the price of a single coin.Second, it is important to choose a strategy and stick to it.Since Bitcoin is highly volatile, it is wise to study its patterns before deciding how to invest in it.Alternatively, you can copy an experienced Bitcoin trader, such as , by using eToro’s Discovery Tool.Just like any other asset on trading platforms, when investing in Bitcoin, traders can open either a “buy” (long) position, hoping that it will go up in value, or a “sell” (short) position.There is no “right” strategy when trading Bitcoin.It is important to monitor the market, and see whether you wish to pick a bottom and buy, or pick a peak and sell.Due to the aforementioned seesaw pattern, traders should stay up-to-date with news, and follow the ups and downs of its value.However, it is important to remember that comparably, Bitcoin is a very new currency, and the data available only spans its 8 years of existence, meaning that long-term patterns are less likely to be seen from a technical standpoint.