Bitcoin trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins. Bitcoin’s history of bubbles and volatility has perhaps done more to bring in new users and investors than any other aspect of the crpytocurrency. Each bitcoin bubble creates hype that puts Bitcoin’s name in the news. The media attention causes more to become interested, and the price rises until the hype fades.Each time Bitcoin’s price rises, new investors and speculators want their share of profits. Because Bitcoin is global and easy to send anywhere, trading bitcoin is simple. Compared to other financial instruments, Bitcoin trading has very little barrier to entry. If you already own bitcoins, you can start trading almost instantly. In many cases, verification isn’t even required in order to trade. If you are interested in trading Bitcoin then there are many online trading companies offering this product usually as a contract for difference or CFD. Avatrade offers 20 to 1 leverage and good trading conditions on its Bitcoin CFD trading program.Why Trade Bitcoin? Before we show you how to trade Bitcoin, it’s important to understand why Bitcoin trading is both exciting and unique. Bitcoin Is Global Bitcoin isn’t fiat currency, meaning its price isn’t directly related to the economy or policies of any single country. Throughout its history, Bitcoin’s price has reacted to a wide range of events, from China’s devaluation of the Yuan to Greek capital controls. General economic uncertainty and panic has driven some of Bitcoin’s past price increases. Some claim, for example, that Cyprus’s capital controls brought attention to Bitcoin and caused the price to rise during the 2013 bubble. Bitcoin Trades 24/7 Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. Bitcoin is Volatile Bitcoin is known for its rapid and frequent price movements. Looking at this daily chart from the CoinDesk BPI, it’s easy to spot multiple days with swings of 5% or more: bitcoin trading Bitcoin’s volatility creates exciting opportunities for traders who can reap quick benefits at anytime. Find an Exchange As mentioned earlier, there is no official Bitcoin exchange. Users have many choices and should consider the following factors when deciding on an exchange: Regulation & Trust – Is the exchange trustworthy? Could the exchange run away with customer funds? Location – If you must deposit fiat currency, and exchange that accepts payments from your country is required. Fees - What percent of each trade is charged? Liquidity – Large traders will need a Bitcoin exchange with high liquidity and good market depth. Based on the factors above, the following exchanges dominate the Bitcoin exchange market: Prime ETrade - Prime ETrade is the world’s #1 Bitcoin exchange in terms of USD trading volume, with about 25,000 BTC traded per day. Customers can trade with no verification if cryptocurrency is used as the deposit method.Prime ETrade is the #1 exchange in terms of world trading volume at ~6,000 BTC per day. It’s currently a top-15 exchange in terms of USD volume. You can contact our Experts for more details.
Peoples love our eazy-to-use products. From local payment methods to customer support in many different countries, we make your Bitcoin expirence the best one
Prime ETrade makes it safe and easy to Trade and learn about cryptocurrencies. Upgrade your financial portfolio today, Click get started to Login/Register
One collateral result of the current distortion of markets, including of those in Eastern Europe which are flooded with large amounts of liquidity and where low interest rates are applied, is that many peoples started to turn to innovative schemes/platforms to place their money/savings. Moreover, the main cryptocurrency, bitcoin, was in bubble mode during 2017-2018. Its price increased from 700 US dollars at the beginning of 2017 to a peak of 19,666 US dollars, registered on December 17, 2017. It subsequently decreased to around 11,000 US dollars and then increased again to around 15,000 US dollars following severe warnings from regulators (such as China and South Korea) that such levels may not be sustainable and measures will be soon introduced. It is currently in the range of 3,500 – 5,000 US dollars. Bitcoin and other instruments using blockchain technology are not regulated by the central banks or indeed by any other financial authorities.
The direct correlation between cryptocurrencies and interest rates has been signaled many times by various people, such as the general manager with the Bank for International Settlements (BIS), the current governor of the Bank of England, the managing director of International Monetary Fund (IMF) and many others (from China, South Korea etc.). Hence the aim of this article to explore if there are obvious links between the housing markets and cryptocurrencies in Eastern Europe as well.
You can contact the team on the above details or click contact us for any support