BULLSAGEDecision Intelligence

English version · The BULLSAGE app itself (cockpit, Academy courses, emails) is in French for now.

BULLSAGE guides

What is Bitcoin? Understanding it and learning to trade it

Bitcoin is the first cryptocurrency, traded day and night, without a central bank. Before learning to trade it, you need to understand what it is, why its price moves so much, and how to practise without risking money.

BULLSAGE Trader by MyBotIA · Published on · Educational content prepared with AI assistance, calculations checked. No personalised financial advice.

Bitcoin in a few facts

  • It was described at the end of 2008 in a paper signed with the pseudonym Satoshi Nakamoto; the first block was created on 3 January 2009.
  • Transactions are recorded in a public ledger, the blockchain, maintained by thousands of computers rather than by a bank.
  • There will never be more than 21 million bitcoins. New bitcoins are created at a rate that is halved roughly every four years (the “halving”; the most recent one took place in April 2024).
  • Bitcoin (BTC) trades 24 hours a day, 7 days a week, on exchanges.

Why its price moves so much

The price depends only on supply and demand: there are no company profits or dividends to anchor it. It reacts strongly to regulation, to major US economic announcements, to flows into listed funds (in the United States, the SEC approved funds that hold bitcoins in January 2024) and to the leverage (borrowed money that magnifies gains and losses) used by some buyers and sellers. Moves of 5% in a single day are nothing exceptional.

Trading Bitcoin: what changes compared with shares

  • No closing time: the market never sleeps, and liquidity can be thin at night and at weekends.
  • Prices in USDT: most exchanges quote Bitcoin against USDT, a cryptocurrency that tracks the dollar.
  • Funding: on perpetual contracts, buyers and sellers exchange a periodic payment that can be expensive if the crowd is already on the same side.
  • Long and short: you can buy (LONG) or short sell (SHORT, which profits when the price falls), see the long and short guide.

Fictitious example

  • BTC at 82,000 USDT. Buy scenario with a stop at 79,500 USDT: a distance of 2,500 USDT.
  • Risk accepted: €100 (about 112 USDT). Quantity: 112 ÷ 2,500 ≈ 0.045 BTC, i.e. about 3,700 USDT committed.
  • The stop limits the planned loss, but a sudden move can execute it lower.

Learning without risking your money

The safest way to start is to practise on real prices with fictitious money: that is paper trading, with a free crypto trading simulator. Each trade is prepared with a plan, a stop-loss (an order that closes the position automatically at a set price) and a calculated size. BULLSAGE offers €10,000 virtual on BTC, ETH and SOL, an engine decision explained in plain language (“not validated”, to be read as an exercise) and the Academy to make progress.

Before switching to real money

  • Check that the platform is authorised in France: the AMF, the French financial markets regulator, publishes the list of registered or licensed providers and a blacklist of unauthorised websites. If you live outside France, check with your own regulator (for example the FCA in the UK, or the SEC/FINRA in the US).
  • Only invest what you can afford to lose: cryptocurrencies can lose a large part of their value.
  • Be wary of promises of quick gains and paid “signals”.

To go further: Solana (SOL), another cryptocurrency followed by BULLSAGE, and the learn trading from A to Z path. This article is not investment advice.

Free kit

Get the trading plan kit (PDF)

The plan to fill in, the eight questions to ask before acting, the position size calculation and a journal template. You will also be told when the platform opens, on 1 January 2027.

For now, the confirmation email and the PDF kit are in French.