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With the price of Bitcoin (BTC) aiming to reach new highs at the end of 2020, there has never been a better time to start trading Bitcoin on your iPhone …
Bitcoin trading app for iPhone: our No. 1
- # 1) Paxful – Paxful is simple to use, easy to set up, and doubles as a bitcoin wallet mashed potato. Paxful supports both the buying and selling of bitcoins, as well as other cryptocurrencies, and its iPhone app (and desktop platform) is top-notch. Easily my # 1 favorite iPhone trading app right now.
- # 2) Coinbase – Coinbase is the largest cryptocurrency exchange in the world with 25 million members globally. Like Paxful, you can buy, sell, and hold Bitcoin and other cryptocurrencies within the Coinbase iPhone app. It’s easy to use, well structured, and syncs with Coinbase’s desktop application and exchange.
- # 3) CryptoHopper – Once you join CryptoHopper, you can follow and copy the trades made by other bitcoin investors, which means you can find someone who knows what they are doing and mirror their trades. This new approach makes it essential for anyone who wants to trade bitcoins but isn’t quite sure how to start doing it right.
Our No. 1 for beginners
Paxful is a peer-to-peer (P2P) bitcoin exchange. It’s actually one of the oldest in operation today, so you’re in good hands if you decide to go with Paxful. You will do most of your stuff via the Paxful exchange and then once you are done with the essentials you can manage all your cryptocurrencies via the Paxful iPhone app.
Ideal for learning how to buy and sell Bitcoins
The key thing about CryptoHopper is that it will allow you to copy trades made by experienced Bitcoin traders. You can set it to happen automatically, so your Bitcoin is sold when another big player sells theirs. It is similar to some investment apps that allow you to copy and track the trades of professional investors.
The most advanced and feature-rich option
Coinbase is the largest cryptocurrency exchange in the world and has over 25 million users on its platform. The Coinbase iPhone app gives you all the tools you need to start your Bitcoin journey, from helpful guides and features to things like market-leading security and account protection. It’s also incredibly simple to set up and start using. Even if you are completely new to the concept of Bitcoin.
Should you invest in Bitcoin? My two cents …
Most people are familiar with bitcoin. They see it and read it on the news, hear about it from friends, but most people rarely do anything about it.
They (wrongly) think that the barriers to entry are too high; they think there is too much learning curve with bitcoin. And in both cases they are 100% wrong.
Getting to know bitcoin – and other cryptocurrencies – is quite simple. And buying and selling them is even easier. Especially if you have an iPhone.
I know because I was like that in 2010. I wanted to get into bitcoin but didn’t know how to do it. Back then, things were VERY different; you didn’t have apps that did all the work for you.
Undaunted, I spent a good 12 months researching bitcoin and blockchain before finally making my first investment in bitcoin. Since then, I have invested thousands of dollars in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
In 2010, buying cryptocurrencies was DIFFICULT. Nowadays, thanks to bitcoin trading iPhone apps like the ones listed above, buying and selling bitcoins is as easy as posting something on Instagram – everything happens with just a few clicks.
Bitcoin versus ETF investments
Pound for pound, a nice crypto-spread will offer higher returns than direct equity investments. It’s even easier to do, thanks to a plethora of iPhone apps that do all the work for you.
As long as you buy low and sell high, you are fine. With cryptocurrencies such as bitcoin, timing is everything. Buying at the top of the market is never a good idea; it is necessary to wait for a pause in the value of the bitcoin before investing.
You can track bitcoin price fluctuations quite easily, so it’s just a case of finding the best time to make your purchase. Once you spot a drop, drop your money on Bitcoin and then hold it until the price rises again.
Gold is having its best year since 2010. This is how it is going against BTC.
$ 1 invested on October 6, 2009 (when BTC was first valued) would be worth $ 13.9 million today.
Bitcoin’s software is quietly devouring the financial world. pic.twitter.com/eE6xQ5NYFG
– Willy Woo (@woonomic) 6 October 2020
This applies to ALL cryptocurrencies, from bitcoin to BAT and Ethereum.
If you’ve sat thinking about how to grow your money in 2020 and haven’t looked at bitcoin or other cryptocurrencies, you’re missing out – it’s easy to get started and you don’t have to deposit thousands.
Start small, get a feel for the market, set up trackers, and get into the habit of checking them daily, then start making small investments.
However, never invest more than you can bear to lose – this is the key. And this rule applies to all forms of investment.
With any of the bitcoin trading apps listed above, you can invest up to $ 10 in bitcoin. Once you find your feet and start understanding the IN and OUT of buying bitcoins and by selling, you can increase your investments.
Bitcoin growth forecast for 2020 and 2021
Thanks to Joe Biden, the price of Bitcoin is expected to rise to unprecedented levels between now and the end of 2020.
Biden wants to implement a $ 2 to $ 3 trillion dollar stimulation package (which means printing a lot of money) and that obviously reduces the value of money.
When cash is worth nothing, savvy investors and speculators turn to other things: things like Bitcoin and gold for growth and big returns.
And that’s why Bitcoin is expected to have one of its biggest peaks in history between now and the end of the second quarter of 2021.
Max Keizer, AKA the high priest of Bitcoin, outlined all the factors that are currently in line to make the rest of 2020 a huge year for Bitcoin during an interview with the British newspaper Express.
“China wants and will be able to create and sustain a global cryptocurrency to replace the US dollar and Iran is now taking bitcoin for imports as well as mining bitcoin for their strategic reserves.
Biden will see this and will mistakenly push for more ‘stimulus’ for Fed fiat money printing which will only worsen America’s position.
Concluding, Keizer said: “He will do so on the advice of the same Democratic advisers who convinced Obama to bail out Wall Street in 2008 by moving 20 trillion American savers and workers to Wall Street banks at zero percent interest rates.”
And if that happens, and you have a lot of bitcoins, you will make a LOT of money.
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