BITM Profile

BITM
 Crypto
  

 0.000017  0.000001  6.25%   

Market Performance
0 of 100
Odds Of Distress
Over 79
BITM is trading at 1.7E-5 as of the 9th of December 2022, a 6.25 percent up since the beginning of the trading day. BITM has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for BITM are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of December 2020 and ending today, the 9th of December 2022. Click here to learn more.
BITM is peer-to-peer digital currency powered by the Blockchain technology. More on BITM
BITM is a market place for p-2-p internet money called Cryptocurrency. BITM has been active in the last 3 months, and it is today expressing a bullish sentiment. Cryptocurrencies such as BITM are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as BITM are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

BITM Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. BITM's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding BITM or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
BITM generated a negative expected return over the last 90 days
BITM has high historical volatility and very poor performance
BITM has some characteristics of a very speculative cryptocurrency
BITM is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. BitMoney is a Xevan-based algorithm cryptocurrency. It has a 60 sec Block time target and features a second layer network of masternodes that process private and near-instant transactions. Click here for Masternode stats from masternodes.online.The project team is currently developing the new web space, more details will be added when its launched.The BitMoney ticker is known on most of the Exchanges where it is tradeable by BIT.
SymbolBITM
RatingD-
Technology Adoption RatingD-
Market Performance RatingC-
AlgorithmXEVAN
NameBITM
Is Tradingtrue
Proof TypePos
Full NameBitMoney (BITM)
Sponsoredfalse
Coin NameBitMoney
BITM (BITM) is traded on CRYPTO Exchanges. BITM is peer-to-peer digital currency powered by the Blockchain technology.

BITM's Exchanges and Markets

Graviex

BITM Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. BITM market risk premium is the additional return an investor will receive from holding BITM long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in BITM. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although BITM's alpha and beta are two of the key measurements used to evaluate BITM's performance over the market, the standard measures of volatility play an important role as well.

BITM Technical Analysis

When it comes to investing in cryptocurrency, such as BITM, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of BITM, which is currently traded at 1.7E-5, shows everything you need to know about BITM market value. You don't have to consider the fundamental factors that affect a crypto asset, such as BITM, to determine its price movements. However, the BITM's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so BITM's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project BITM's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. BITM Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe BITM price patterns.
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BITM Against Markets

Picking the right benchmark for BITM crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BITM crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BITM is critical whether you are bullish or bearish towards BITM at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in BITM without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in BITM

You need to understand the risk of getting into digital currencies such as BITM before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in BITM in four ways:

Buy BITM through an exchange

Get yourself a crypto wallet before embarking on your BITM journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase BITM. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of BITM through an exchange

You don't have to buy a full token when starting out since BITM is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade BITM through a broker

If you don't want to store your BITM Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BITM through an exchange-traded fund (ETF)

You can also invest in BITM through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having BITM in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Continue to Trending Equities. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Other Tools for BITM Crypto Coin

When running BITM price analysis, check to measure BITM's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy BITM is operating at the current time. Most of BITM's value examination focuses on studying past and present price actions to predict the probability of BITM's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move BITM's coin price. Additionally, you may evaluate how adding BITM to your portfolios can decrease your overall portfolio volatility.
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