Here is an ultimate guide to making money with crypto if you can’t trade like a pro. In a Quora question I answered about where do I see Bitcoin in 2021, I said that, trying to predict the future of Bitcoin is like trying to predict the Deathstalker Scorpion.

While until now, unpredictability has only been studied extensively in humans, a Deakin University study has found for the first time that, just like humans, unpredictability is also a consistent behavioral trait in the animal world.

Deathstalker Scorpion = Bitcoin

Why Bitcoin Trading is Dangerous and Stinks

Sure, we know that the Deathstalker's sting is the worst of any scorpion on Earth, but it very unlikely to kill you. Good news?

If yes, then we can as well say that predicting Bitcoin or cryptocurrency is a bad DEAL to do, but this time, it is likely to bite you if you jump in without proper orientation.

Where do you see Bitcoin in 2021?

While it can be complicated to say, however, with halving less than 2 weeks away which is what every hodler had been waiting for, I would say, “Let’s battle and profit from the crypto market (year in year out -2020, FIRST).

Why?

There is no need to be over anxious of what is not important. I’m sure you’ve read this before, “Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God.” Philippians 4:6″

The point is, if you followed one of the golden rules of crypto investments which is to “invest a left over of your income in crypto” you’d be less worried of what might happen”

What will Happen in 2020 after the Halving?

The Value of Bitcoin will jump up.

#1.According to hopper, the main and most immediate aspect affected by the Bitcoin halving will be the supply of newly created Bitcoins.

Currently, 1,800 new Bitcoins are generated per day. Right after the halving takes place, this amount will be cut in half, therefore, having a new supply of 900 new Bitcoins every day until the 4th halving.

In BTC block terms, the number of Bitcoins generated in every block will be reduced from the current 12.5 to 6.25.

All economic manuals very clearly state that reductions in the supply of an asset while keeping the demand constant will always lead to an increase in the assets price.

#2. Another factor to take into account is the percentage of BTCs that have already been mined. Over 85% of the total Bitcoin supply is already in circulation. Which raises the following question: Will a reduction of 900 BTC per day is enough to affect the price of more than 18,180,000 circulating Bitcoins?

So, yes, the value of Bitcoin WILL or MIGHT go up.

Should you rather invest now and profit?

You will do well to invest a spare money you can swallow the hard pill of “depreciation” if BTC dumps. And if it pumps, your opportunity to withdraw your capital and still wait for another boomerang point to profit.

All in all, for sure, volatility is back into the Crypto Market with Bitcoin gaining over 20% in value in just over 1 day. The price is now getting closer to the major resistance around $10,000 and this year's highs around $10,500.

The thing is, if a downturn were to occur from here we could expect the price to rebound of the strong support at $6,500.

As such you can use a simple strategy that works. With this strategy you can identify how the market is trending and when it will gain strong momentum.

More so, the strategy uses the Parabolic SAR as a trailing stop loss which allows you to ride the trade all the way to the top.

How to Trade Crypto as a Beginner and Make Money in 3 Steps

Step 1. Buy the Dip

Buy when the market vibes are low – Bearish.

What is a Bear Market?

According to Binance Academy, The term bear market refers to a negative trend in the prices of a market. It is widely used not only in the cryptocurrency space but also in the traditional markets, such as stocks, bonds, real estate, and commodities markets.

Generally speaking, a bear market refers to a strong market downtrend that presents significant falling prices over a relatively short period of time. 

When compared to traditional markets, cryptocurrency markets are smaller and thus more volatile. Therefore, it is quite common to see stronger and prolonged crypto bear markets, where 85% price drops are not that rare.

Step 2. HODL

Hold it and wait for a time to sell for profits.

As widely known, Hodl is slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. A person who does this is known as a Hodler.

It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, "I AM HODLING."

Step 3. Sell for Profits

It’s now time to sell when the market is at a bull run.

Of course, he opposite of a bear market is a bull market, which arises when investors are feeling optimistic. Rising prices (bullish trend) create a positive market sentiment and as traders feel more confident, they tend to invest more and more, causing a further increase in prices.

Economists say that between 1929 and 2014, there have been 25 bull markets and 25 bear markets in the US. The average bear market loss was -35%, while the average bull market gain was roughly +104%.

These trends reflect how market momentum sustains the continuous price increases (on bull markets) and decreases (on bear markets).

How to Invest in Bitcoin/Crypto as a Beginner

Whether you want to buy just cryptocurrencies or only Bitcoin, the very first step is using FIAT to buy bitcoin first. From there, you use the Bitcoin to buy other cryptos of your choice.

For a total guide, here is how to buy Bitcoin from Coinbase using Credit/Debit Card. 

Also, here is How To Open/Set-Up Coinbase Account without issues.  

Read Also:

#1. 100 crypto tools for crypto traders success.

#2. The Difference Between Coinbade.com and Coinbase Wallet

How to Trade Crypto as a Beginner – Infographic

Here is an infographic that shows you how to trade Bitcoin if you’re a total beginner.

In conclusion

When you ask yourself what crypto coins to invest in 2020, cryptocurrency price predictions can be part of the research you do to make your decision. Bitcoin, Ethereum, Ripple and Neo are touted to be among the best performing crypto this year.

If you think you are not ready to make long-term investment commitments, but still want to try to profit from the crypto volatility, you can do so through using a simple free trial automation tool to control your emotions, even though it means a little profits of 5% daily.