Bitcoin is a cryptocurrency that can be saved, spent as well as invested. What is more, it can be stolen. Bitcoin trading was regarded as risky, but the existing trends show that it becomes a big hit in the binary options sector. Bitcoin is not regulated by any central authority or by any government.
IMAGE: UNSPLASH
What Determines The Value Of Bitcoins?
The value of bitcoin is determined in accordance to the supply and demand ratio. Value increases once the demand increases, the rates plummet downwards once the demand goes down or declines. Bitcoins in circulation are limited, and new ones are made or produced at a very slow rate. Since it doesn’t have enough cash reserve to move the market value, and its price can be very volatile.
Why Bitcoin Trading Is Very Popular
There are a lot of good reasons for the popularity of this digital currency. Some of these reasons are listed below:
Low Inflation Risk: Inflation is the biggest concern for investors or traders since all the currencies lose some of their power in purchasing once the reserve banks continue printing more money. With the Bitcoin mining system being restricted to only 21 million, it hardly gets impacted with inflation.
Low Collapse Risk: The fluctuations in currencies depends on the trade policies of the government, which at a time cause hyperinflation, and even result in the fall down of currency. Bitcoin is a virtual universal currency that is not regulated by any government.
Safe, Simple, and Cheap: Bitcoin payments take place between peer to peer without any intermediary that is the reason it is cheap and simple.
Easy to Carry: Bitcoins worth million dollars can be carried in your pocket, or a memory stick. This can’t be done with cash or gold.
Not Traceable: Any government or any party doesn’t regulate the issuance of Bitcoin, so the risk of seizure is nil.
Bitcoin Trading Platform
Brokers out there are getting accustomed to the popularity of this digital currency, its constant fluctuating values included. So, they are using this chance to provide traders or investors with the newest volatile crypto-currency as an additional payment method. Brokers or traders offering crypto-currency as a trading option take account of the following:
- One-Touch Option: Trading bitcoin can be done with one touch option like, for instance, the current popular pair of currency is BTC/USD.
- SetOption: The newest option on hand for asset trading is USD/Bitcoin.
Brokers or traders offer a simple trading platform online. All you need to do is to visit the site, enter your details, and make an account. One of the best platforms for bitcoin trading available at this point is the bitqt. This is a complete automated trading app exclusively intended to trade in the Bitcoin market. This app has won many awards due to its modern or state of the art algorithm, which can assess diverse markets and find the most rewarding trading opportunities.
With this platform, traders are able to personalize the trading parameters of the app. That is, you are able to set the kinds and types of assets you wish to trade in, set the risk level, amount of money you wish to invest, set techniques you want to utilize.
- The trading screen is simple
- Choose the price direction
- Choose the timeframe
Is Bitcoin trading secure?
Yes. Bitcoin network is perhaps the world’s vast spread computing project. User error is a common weakness. On the other hand, users are able to utilize sound security techniques to keep their cash safe and sound. Alternatively, traders can choose the app that provides high-level security and insurance against theft.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
COMMENTS