Recently in one of the previous articles we have covered about bitcoin trading bots and how useful they are when it comes to automating your bitcoin trading process. In the same article we also mentioned that a trading bot is only as powerful or intelligent as its owner.
Whether you trade manually or use a bot, unless you understand the process of bitcoin trading well, then you are bound to lose money in the process. In order to be a successful trader, one should understand the market, the trading process and various factors that influence the bitcoin price. Once understood, it is easy to trade and make some quick bucks during the process.
READ MORE: Trading Bots to Automate Cryptotrading for You
The best way to learn the skills of trading is by understanding it over trial and error. The safer way is to use a virtual trading platform until you are confident enough to play around with actual bitcoin and fiat currency. Bitcoin Game is one such game that provides a virtual trading environment in real time market conditions for people to understand and learn trading during their free time, whenever and wherever they want.
Bitcoin Game is an iOS game designed for Apple mobile devices including iPhone, iPad and iPod touch running iOS6 or higher version of the operating system. Developed by Alexander Heeman, the game has been around for almost two months now. The game offers an initial capital to start trading inside the game. Like in real exchange, people can buy and sell bitcoins and trade them at real time bitcoin market value. Bitcoin prices are updated every few seconds, in tune with actual market prices and one can visualize the changing market trends on a graph as well.
The game is designed for people with different levels of expertise in trading with bitcoins. Different difficulty levels allow users to choose a suitable difficulty level that will help hone their trading skills. Transaction history lets gamers keep track of their progress.
Due to the volatility associated with bitcoin, trading is a great way to leverage upon changing bitcoin prices. By learning how to do it in a safe “sandbox” environment will be helpful for people new to trading.