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Getting Some Practice With Bitcoin Trading Simulators
Trading with Bitcoin has become rather popular of late. There are many traders on the market and many more want to join their rank. However, you can’t just start trading. You need to know the basics first. Fortunately, there are plenty of sites that will teach you the basics.
If you’re starting from scratch you’ll need to know what Bitcoin is and a little bit of its history. Then you’ll need to know about the different types of traders as well as trading methods. Additionally, you’ll need to know how to analyze the market and make decisions.
As mentioned before, there are plenty of articles that will teach you the theory. But what about a little practice? That’s where Bitcoin trading simulators come in handy. But what exactly are they?
What Is a Bitcoin Trading Simulator?
Simulator games are one of the most popular genres in the gaming industry. They let you enjoy various virtual experiences. For example, sports games are simulator games that let you play an entire football and basketball teams. The best part is you don’t have to have any previous knowledge to enjoy them.
Similar to the simulator gaming titles, the Bitcoin trading simulators give you a taste of the trading market. You create an account, get some virtual money, and start trading. Naturally, you’ll have a bit of help from the game via tutorials. These types of games will help you get some practice when it comes to Bitcoin trading.
There are several such simulators out there. Some of them focus on several cryptocurrencies while others focus only on Bitcoin. Regardless of that, you can get them on your smartphone and practice your trading skills with them. These types of apps use real-time information so you’ll feel like you’re part of an actual exchange.
After you get sufficient practice you can start trading. Before you do, you can also get help online in the form of trading bots. There are many such platforms but if you’re looking for a specific one then you can start trading with Bitcoin Super Split. By registering and depositing the minimum amount you’ll be one step away from beginning to trade. What follows is a demo session with the bot and then a live session.
Bitcoin Simulator Suggestions
As mentioned before, there are several trading simulators you can choose from. In that regard, here are a few such simulators:
As most simulators do, this one also gives you a specific amount of virtual money when you sign up. The virtual money takes the shape of ACF points. Altcoin Fantasy is the type of simulator that focuses on several cryptocurrencies and supports Bitcoin among them.
The game uses real-time prices to create a good market simulation. Additionally, it gives you the opportunity to make a market analysis. It will also give you real competition in the form of other players. Another interesting aspect of the game is the competitions you can play in. The most skilled trader will get a reward in actual Bitcoin which is one more reason to have this simulator on your device.
Bitcoin Hero is another simulator you can enjoy on your smartphone. However, you can play it on desktop as well. Either way, you get $10,000 virtual money to start with. As the name suggests, this is a simulator that focuses solely on Bitcoin.
It also uses real-time data so you can expect realistic prices on the exchange. You’ll also see other players in the game that will be your competition. In other words, you’ll learn about every aspect of the real market without feeling the negative outcomes.
Bitcoin Mining Profit Calculator
This game isn’t an app, it’s a website. The best part about it is that it’s perfect for beginners at Bitcoin trading. It will teach you the basics of how to trade via messages and other notifications of your assets on the market. You’ll learn what you need about Bitcoin and become a successful trader.
These simulators will help you get a better grasp of the market and give you a bit of practice. They’ll also teach you how to avoid common mistakes when trading. Don’t forget the crypto lingo if you’re going to start trading. Finally, make sure to get a wallet to store your Bitcoin.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes