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Bitcoin Wallets – How To Select The Best One? – Cryptocurrency information | Cryptocurrency News

If you want to send or receive bitcoin, then you will need a cryptocurrency wallet. There are many types of wallets available to choose from, but you should pick the one as per your requirements. It would help if you kept your bitcoin safe, so it is essential to look for a wallet that offers safety and other advanced features.

No matter, you are using hardware, software, or a desktop wallet, it should be safe. Make sure the bitcoin wallet is suitable for your operating system or device. You also need to check out the other specifications of the wallet you are choosing to store bitcoins.

Bitcoin is a popular cryptocurrency that you can use to make payments and online transactions. With the help of this virtual currency, you can also make international payments. While creating or receiving these payments, you don’t need to worry about currency conversion.

With the help of bitcoins, you can make easy and safe transactions. It is also important to check the other benefits associated with bitcoins before considering it is a payment option.

Most traders and companies are using bitcoins as a payment method. If you are also one of them, then you may also know about its different benefits. Whether you will trade in bitcoins or invest in the same, you need to take some important tips in mind.

All you need to do is to find the right bitcoin wallet to store your coins. Ensure you are paying appropriate attention to numerous factors for selecting the right bitcoin wallet to cater to your needs. To know about these factors, you should check the points listed below.

Determine your requirements 

While choosing a bitcoin wallet, there are numerous aspects that you need to take into consideration. You need to determine your needs before going to make a choice. You should decide whether you want to make an investment or trade in bitcoins. After this, you can easily choose the right type of wallet to store your bitcoins.

Many hardware and software wallets are available to choose from. You should pick the one that suits your requirements. Make sure you are picking the one as per the amount of bitcoin you have.  Websites like Bitcoin Era is good to invest and earn money. People with many bitcoins should consider a hardware wallet, whereas others can go for online wallets.

Features and services 

While finding a bitcoin wallet, you need to consider its features and other specifications. Bitcoin wallets offer a wide range of features, but all of them are not the same. Look for the one that helps to enhance the user experience and provide other benefits. You also need to check the customer service offered by the bitcoin wallet.

Make sure the wallet you are choosing to store bitcoin is offering quality services. Take a closer look at the features as well as the services of the bitcoin wallets. With the help of this, you can make a final decision in no time. 

Is it easy to use? 

To store your bitcoins, you need a cryptocurrency wallet. Plenty of options are out there regarding a crypto wallet, but they are not the same. Pick the one which is easy to use so you can eliminate all the complications. With the help of an easy-to-use wallet, you can easily check your funds’ balance and make fast transactions. Choose a bitcoin wallet that is user-friendly and also offer some other amazing features. In this way, you can store your bitcoins without worrying about frauds and other risks.

Other considerable things 

To make easy transactions with bitcoins, you need to use one of the best bitcoin wallets. While choosing a wallet to store your bitcoin, you should pay attention to its charges and other features.

Make sure the bitcoin wallet is suitable for your operating system and also provides many other benefits. You need to check whether it offers extra safety for your bitcoins or not. By considering all the essential factors and tips, you can select the right bitcoin wallet. Most investors and traders are trying to find a reputable wallet to make easy and fast transactions.

Diana Dsouza , 2020-09-18 12:54:51

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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