Many beginners, and even experts, are often searching for the optimal buy and sell ratio, and the concept of “Tit-For-Tat” – a game theory model of cooperation has many lessons which can be applied to trading in Bitcoin. This is found across every market that buys and sells goods. As a result, pricing of goods and services is always at the top of an investor’s list. However, the market is full of mystery, and no matter how much you research and calculate there are always going to be risks.

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So how does one approach these situations of buying and selling on the market to make profit?

In the stock markets, that sell company stock, there are things known as “Stock Tips” — these are things like company announcements, partnerships, and other milestones that help establish a company, which can have a positive effect on the pricing of stock.

How does it work with Bitcoin?
Bitcoin is a little different than conventional stock plays, and is closer to currency plays than any other comparative variable at this point simply due to its nature of liquidity. It can be poured from one exchange to another and across a range of multi-modal platforms as a way to play the Bitcoin trading game.

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Getting Familiar With The Environment
If you are just getting started, one of the most important things you should do in any game or situation is study your surroundings. What does the environment say about the game? Each website and platform has their special auras that draw you to certain trades that you might like, or certain things that you might think are the most profitable. To be honest, the best way to find an entry point into Bitcoin is to simply buy some and start trading. A few years ago you may have been hard-pressed to find a Bitcoin exchange to do any coin-trading, but nowadays, you can pretty much find them everywhere.

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Search And Learn

Start by doing some research by reading the posts on this blog and understand some of the following terms:

*Bitcoin – (Most Difficult Coin To Mine – ASIC Miners)

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    Seventh Continent Digital Marketplace

(Place To Start Your Bitcoin Business With An Internal Market Exchange)

*Altcoin – (Scrypt Mined Coins)

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    Hash Mining Contracts / Exchanges:

These are place where you can register an account and purchase computing power to mine either Altcoins or Litecoins. Many advanced companies will also offer a trading platform to increase the enjoyment of trading between computing power, Bitcoins, Altcoins, and other items.

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    Currency Exchanges:

Platforms where you can trade altcoins, bitcoin, and fiat currencies.

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EXCHANGES

ZuesHash: This is an exchange that offers perks for mining. Some of these include doublepayout and no maintenance fees.

Kraken: Kraken offers the most dynamic currency trading platform I have found on the internet.

CEX.IO: The most advanced multi-modal Hashing and Currency trading platform.

The Seventh Continent: A digital marketplace where you can start your own business and buy and sell items with other businesses on a central exchange.

Blockchain: While not an exchange, it is a central search engine that tracks the trades between accounts is a must-know platform for tracking your wallet sending and receiving.

Coinbase: America’s largest wallet provider.

The Havelock Exchange
: Place where companies that operate in Bitcoin can be listed and company shares traded in Bitcoin.

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It is also good to understand that you can have multiple wallets and multiple accounts in Bitcoin, and that the Blockchain is the transaction core that connects them all without you having to worry about anything so your coins are always safe. It is good to get a few wallets and send money from one wallet to another to get your confidence up and build trust in the ecosystem and the community tries to grow and expand to include the ever-growing uptake. Some of the questions about the exchanges, are will there ever be an exchange that offers all the multi-modal trading options of Bitcoin and Hashing, as well as sells real items? Would that be of any interest to anyone? Online shopping while Bitcoin trading? 🙂 Sounds pretty addictive to me! Perhaps the Seventh Continent will partner with a currency exchange and make this a reality, so make sure to get your company started in the Seventh Continent Exchange started soon.

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Other things to do besides sending money between your accounts to learn how to do transactions is to try some of the trading platforms. Register an account at some of the trading exchanges (usually a simple registration), then send your self a few dollars worth of coin and make a few trades. A good idea is to buy something that is lower than its average cost. This is known as buying low. Until you are thoroughly familiar with the markets, it is best to use small amounts of coin, and then once you have grown your knowledge, and can identify trends, chosen some favorite platforms, and put in some time to understand the ecosystem, then consider getting a little more serious about Bitcoin, as it looks like it might be on the uptake.

In Tit For Tat Game Theory Models, which is a central model for “cooperation” which Bitcoin is built upon gives players the “always cooperate” option first, so that progress is more readily achieved, and in computer simulation models of game theory, this strategy won first.

To learn more about the Theory of Cooperation, read Robert Axelrod’s book and visit the Wiki site!

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http://en.wikipedia.org/wiki/The_Evolution_of_Cooperation

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