In today’s world, knowing when to buy or when to sell a Bitcoin has become the real deal. If you are a new trader or even if you are an experienced trader this tool can be extremely helpful to you. At Amplicoin, we will pass this knowledge on to you so that you can trade safely with minimum risk and become better traders yourself. Amplicoin is a really important site in terms of graphs and statistical information and if you haven’t used this already then you should. However, nothing will teach you more about Bitcoin and how it works than having a firsthand experience with a live Bitcoin transaction. Before you can buy a Bi tcoin, you are going to need a wallet to hold them. Bitcoin wallets are programs that help you send and receive bitcoin. They generate a Bitcoin address which serves as your personal address for receiving Bitcoin. If you are buying small amounts of Bitcoin, you can use any trusted software wallet, it could be a mobile wallet or a desk wallet, it doesn’t really matter. For large amounts of Bitcoin though, you are gonna need only hardware or paper wallet. These wallets are not connected to the internet so this eliminates the possibility of someone else stealing your funds. Now what does it mean when you say you are “trading bitcoin” or when you say that you are “buying and selling”? Trading is different from investing. When people invest in Bitcoin, it usually means that they are buying bitcoin for a long term. In other words, they believe that the price will ultimately rise regardless of the ups and downs that occur along the way. Usually people invest in Bitcoin because they believe in the technology, ideology, or team behind the currency. So while Bitcoin investors buy and hold the currency for a long time, the Bitcoin traders buy and sell their shares on short terms thus generating profits. Traders view Bitcoin as an instrument for making profit. Many people out there invest and trade at the same time. Technical analysis tries to predict the price by studying market statistics thus telling you about the ideal time to either buy or sell bitcoin. At amplicoin, we provide the best technical analysis minimizing the risk for you and maximizing the profits. We identify the pas price movements and trading volumes for you, we try to identify the trends and patterns in the price, which suggests what will happen to the price in future and hence you can buy or sell accordingly. While some people can make huge profits by buying or selling bitcoin, some people can end up losing much more even with maximum guidance hence it is never too bad to be careful. Here are some of the mistakes that you should look out for while trading Bitcoin. The biggest mistake you can make is to risk more money than you can afford to lose. Take a look at the amount you are comfortable with, the worst case scenario is that you will end up losing it all. If you find yourself trading above that amount then stop. Trading is a very risky business, and if you invest more money than you are comfortable with, it will affect how you trade and it may cause you to make bad decisions. At Amplicoin, we are here to support you and guide you step by step so that you can make profits with minimum risk.