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If you’re a novice when it comes to cryptocurrency trading, there’s a lot you need to learn if you want to be successful. If you’re new to the financial markets completely, you definitely need to learn the ropes – just to make sure you don’t make any otherwise avoidable mistakes.

What Is A Bear Trap

Today, we’re going to talk about a common occurrence in the Bitcoin markets – the bear trap.

Bulls & Bears Markets

Just like any financial market, the Bitcoin market undergoes ups and downs. In fact, Bitcoin (and other cryptocurrencies) can be even more volatile than, say, the stock markets. The trick is reading these upwards and downwards movements and see them for what they are.

You’ve probably heard of the idea of “bull” markets and “bear” markets. The terms indicate market conditions that are either aggressive when it comes to increased value – bullish – or predictive of falling value – bearish.

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Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened.

Use this straightforward guide to learn what a cryptocurrency wallet is, how they work and discover which ones are the best on the market.

What is a Cryptocurrency Wallet?

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.