The bitcoin wave has swelled up higher than ever before, and everyone wants a piece of the action. But do you actually stand to make a profit or will you end up losing your money? These free simulators and games will help you learn about cryptocurrency and try your hand at it risk-free.
Cryptocurrency is similar to the stock market, and bitcoin is like a blue chip company. Obviously, there are big amounts of money involved and so you should tread with caution. Before you jump into the market, it’s smart to do a mock run and see how you would fare.
1. Bitcoin Mining Profit Calculator (Web): The Best Tutorial and Simulator
If you’re new to the world of cryptocurrency and bitcoin in particular, then this Bitcoin Mining Profit Calculator (BMPC) is where you should start. It’s a lot more than a simple trading simulator since it includes a full introduction to bitcoin as well.
The website works like an interactive fiction game. BMPC updates with new tabs and explanations as you click different prompts on the screen, thus making different choices. Don’t worry, you won’t miss out on any pertinent information, but it will make you aware of the kind of news that affects bitcoin’s prices as well as the inner workings of the bitcoin community.
BMPC is nothing great to look at and plays like a text adventure, but there’s nothing wrong with that. This is meant to be an educational game rather than an entertaining one.
2. Bitcoin Hero (Web, Android): No Signup and Risk-Free
For those who don’t need a tutorial in what cryptocurrency is and want to jump right in, Bitcoin Hero is excellent. The web app works fine on mobile screens as well, so you can enjoy the game without ever installing it.
It isn’t necessary to sign up for Bitcoin Hero, so you can actually use it as a live test ground for anyone. But if you want to track your progress over multiple sessions, you’ll need an account. You start with $10,000 in your wallet, with which you can buy or sell a few bitcoins. The game uses real, live Bitcoin markets so it’s akin to doing the real thing.
Bitcoin Hero isn’t restricted to bitcoins alone either. You can also use it for three popular bitcoin alternative cryptocurrencies, namely Ethereum, Litecoin, and Dash.
Download: Bitcoin Hero for Android (Free)
3. CoinMarketGame (Web): Real-Time Simulator for Major Cryptocurrencies
For a full-fledged simulator of all the major cryptocurrencies, you can’t do much better than CoinMarketGame. It does all the basics right to deliver an accurate experience of what it’s like to be a trader in this market.
Sign up for an account and buy currencies with the $20,000 you start off with. Spend it wisely by building a diverse portfolio, investing in popular ones like Ripple and Litecoin as well as the less-famous ones with potential high growth. As you track the market, make the right moves to grow your wealth as much as possible.
Check the leaderboard when you can to see how well others have been doing, and to learn from their moves. That’s right, since this is a simulator, you can check anyone else’s portfolio and find out how they traded their cryptocurrencies. The best way to learn, right?
4. Spark Profit (Android, iOS, Web): Can You Predict Market Fluctuations?
Spark Profit lets you see just how well you would do in the real world by using historical data to make you predict prices. It works with Bitcoin and Ethereum as well as Litecoin and several international stock markets.
Your goal is to win points. Estimate and set a profit price that you think the market will hit. Also, set a loss price while you’re at it. If the market touches the profit price, you will win points, but touching the loss price will make you lose points. Simple, right?
Spark Profit is a lot tougher than it sounds, and the much-needed reality check that early investors need. Before you invest a single dollar in cryptocurrencies, play this game and see how well you do. If you end up bankrupt, you’re better off putting your money back in your wallet.
5. Bitcoin Flip (Android, iOS): Simple Cryptocurrency Trading Simulator for Phones
A proper mobile app is something better than a web app. Bitcoin Flip starts you off with $5,000 and the chance to trade them for Bitcoin, Ethereum, Litecoin, Dash, Ripple, and Monero. And it includes leveraging too.
Leveraging is similar to Spark Profit’s price predictions, in that you buy coins with a prediction of where they will end up. It’s a little complicated to elaborate in this article, so read this detailed explanation of leveraging before you start.
You should know that Bitcoin Flip has an annoying in-app purchase of one dollar for every $5,000 extra you want. I wouldn’t advise spending a single buck on fake money though.
What’s the Best Bitcoin Beginner’s Tip?
Trying out a mock market is a good first step, but at some point, you will need to dive in and get into the real thing. You’ll need to know why bitcoin is worth so much money. And that’s when you can use a beginner’s tip from an experienced cryptocurrency investor.
Bitcoin holders, what do you recommend beginners should do?