Learn the operations of Cryptocurrencies with Simulators
- 1Learn Cryptocurrency operations with Simulators
- 2Bitcoin Flip Trading Simulator
- 3Bitcoin Mining Profit Calculator
- 4The Trading Game
- 5Bitcoin Hero
- 6Altcoin Fantasy
- 9Spark Profit
- 11What is the best advice for beginners in Bitcoins?
Did you ride the peaks of the bitcoin’s rise, or did you wait for the bitcoin to settle down and fall? When bitcoin hit $ 20,000 per coin, everyone was an expert or a potential investor. Prices are now more unpredictable, making it difficult for potential investors to make a profit.
Since cryptocurrencies lie on both sides of the median between currency and commodities, you can make money, but only if you know what you are doing. Take a look at these cryptocurrency market simulators for risk-free investing before you take your money into the real business.
Bitcoin Flip Trading Simulator
Bitcoin Flip is a market simulation app for crypto beginners. The application is available for iOS and Android devices. The application offers operations with the most common cryptocurrencies such as Bitcoin, Etherum, Litecoin, Dashcoin and Ripple. Stock market simulation applications allow you to create and implement your own trading strategy to take advantage of your transactions without any risk. You can follow the evolution of cryptocurrency prices in real time 24 hours a day, 7 days a week. To make it more fun, the app developers have included the feature to compete with other traders and challenge your own friends as well. You can connect your Facebook profile with the Bitcoin Flip application and share your ranking with your friends. The Bitcoin Flip Trading Simulation app allows traders to challenge each other around the world. Once you are familiar with the stock market,
Bitcoin Mining Profit Calculator
The Bitcoin Mining Profit Calculator (BMPC) is a good starting point if you are completely new to Bitcoin and other cryptocurrencies. It is much more than just a simple trading simulator, as it also includes a complete introduction to Bitcoin.
The website works like a fictional interactive clicker game. The BMPC is updated with new tabs and explanations as you click on different prompts on the screen, allowing you to make different selections. Don’t worry, you won’t miss any pertinent information, but it will make you aware of the type of news that affects bitcoin prices as well as the inner workings of the bitcoin community.
BMPC is not very good graphically, it looks more like a text editor or an excel page, but there is nothing wrong with it. This is an educational game more than entertaining. Its mission is to help you understand the cryptocurrency markets.
The Trading Game
For all traders who want to take their time learning how to trade cryptocurrencies, The Trading Game is for them. The application is available for iOS and Android. The app allows you to go through each lesson on stock trading to fully understand how the stock market works. It is based on the Forex and Stock markets, where the cryptocurrency is complementary, but it is no less fun because each lesson is accompanied by fun and creative illustrations. The developers have even provided tips and tricks from professionals to further enrich the learning. Improve your trading skills step by step and as soon as you are ready, switch to your real-time stock market simulator to test what you have learned. You will be able to handle different financial instruments such as currency pairs, stocks, commodities and even crypto currencies. If you get lost again on the way, You just have to retake trading lessons to get back in the game and take your trading skills to the next level. The app lets you battle it out on Wall Street, where you can challenge other traders and put your knowledge to the test in an intensive 10-minute practice session. You will soon realize that the benefit is still within your grasp, but that the timing is crucial.
For those who don’t need a tutorial on what cryptocurrencies are and want to get right into the mess, Bitcoin Hero is excellent. The web application also works well on mobile screens, so you can enjoy the game without installing it, although you also have an application for Android.
Although it is not necessary to install Bitcoin Hero, you will need to create an account to track your progress over multiple sessions. You start with $ 10,000 in your wallet, and you can buy and sell four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Dash. Cryptocurrency prices come directly from the real world, so it resembles reality.
Altcoin Fantasy (ACF) takes a step forward where Bitcoin Hero ends. Unlike Bitcoin Hero, Altcoin Fantasy allows you to trade against other people, in competition, for a series of real-life prizes. For example, a prize in a recent ACF contest was $ 100 in Bitcoin.
Competitors also earn ACF points, which can be redeemed for real-life prizes such as a CryptoKitty or a 12-month subscription to TradingView. There is also a daily login bonus and a free spinning wheel for more points.
ACF increases the realism by using the real world market for a number of bags, which differ between competitions. There is usually a lot of competition too, so you’ll have to hone your cryptocurrency market analysis skills to get into the top positions. Starting with $ 10,000, you have a decent bank account to make a profit.
Another thing I like about Altcoin Fantasy is its private contest mode. You can run a 14-day contest for you and your friends to see who has the best cryptocurrency trading skills and then brag about it when you win, of course. You can even set an entry fee.
eToro is a social trading app that has captured the imagination of amateur and professional investors alike. The user finds profitable investors that match their risk level and then copies their trades as they are executed. There are thousands of profitable traders and decent money to earn.
However, if you don’t want to risk your money and want to learn before opening your wallet, sign up for an eToro practice account here. Your free account comes with up to $ 100,000 to trade, more than enough to start practicing.
For a complete simulator consisting of all the major cryptocurrencies, you won’t find anything better than CoinMarketGame. It does everything right to offer an accurate experience of what it means to be a trader in this market.
Sign up for an account to receive a starting jackpot of $ 20,000. Spend it wisely by building a diverse portfolio, investing in popular and lesser-known altcoins with high growth potential. You can check the leaderboard and see what your competitors are trading, then go back to the markets to see how to maximize your profits from crypto trading.
Spark Profit is a crypto prediction game for Android, iOS, and web browser. Historical cryptographic data is used to predict the position of Bitcoin, Ethereum, and Litecoin, as well as various international stock markets. Spark Profit basically consists of taking a long or short position on the future of the market. Your goal is to score points with accurate predictions. If the market reaches the price of your earnings, you earn points. If you reach your stall point, you lose them. Simple truth?
Your goal is to score points. Estimate and set a winning price that you think the market will reach. Also, set a losing price while you’re in the game. If the market touches the price of the profit, you will earn points, but if it touches the price of the loss, then you will lose points. Simple truth?
Spark Profit is a lot more difficult than it sounds, and the much-needed reality check that early investors need. Before investing a single dollar in cryptocurrencies, you must play this game and see how well you do. If you end up bankrupt, you better leave your money in your wallet.
Think you are getting the hang of Spark Profit? Why not go to the next level with a Bitmex Testnet account? Bitmex is one of the most popular cryptocurrency simulators. Here, you take a long or short position on where one of the listed cryptocurrencies will be in a certain time frame. Then leverage is applied. Leverage can increase your potential gains, or losses, by up to 100 percent.
You will need to get started and follow the Bitmex tutorial to find out how, but then you can start trading using Bitmex Testnet. It is a good option before trying to dive fully into the cryptocurrency market with your real money.
What’s the best bitcoin beginner tip?
Study and training. Until the end. If you do not study and train before opening your wallet, it is better that you do not even try because it would be like throwing money away. Save yourself time if you are not going to do it.
Testing cryptocurrency trading in a simulated market is a great first step. Reading articles, blog posts, etc., also helps, and a lot. But at some point, you will have to take the first step. Start small and, above all, slowly at first.