Bitcoin (BTC) Trading Made Easy

Margin trade the money of the future with Bitcoin CFD

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Bitcoin (BTC) in a Snapshot

  • A digital currency that is created, used and stored digitally.
  • Completely transparent, transactions are stored on a giant ledger called the blockchain that can be seen by everyone.
  • Based on an open-source protocol encryption network which is independent from any central authority.
  • Transactions are fast, efficient and secure.
  • Market capitalization of more than USD140 billion.
  • Maximum of 21 million Bitcoin in existence.

*Based on Coindesk data dated 17 August 2018

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What is Bitcoin?

Bitcoin (₿) is a cryptocurrency – a form of electronic cash. It was designed to be a decentralised digital currency where users can send bitcoins directly to each other on the peer-to-peer bitcoin network. This eliminates middlemen such as central banks or administrators, cancelling interest fees, and making transactions transparent.

It was first launched in 2009 by a person or a group that has since came to be known as “Satoshi Nakamoto”. The price of Bitcoin has come a long way since then, escalating from around US$400 in January 2016 to more than US$9,000 in November 2017.

Given its exponential growth the past few years, Bitcoin has gained the nickname of “digital gold”, with many experts believing it to share many qualities with gold itself. The room for price fluctuation is a lot bigger, and even more frequent than conventional currency which implies attractive potential returns from trading it.

Factors Impacting Bitcoin CFD

Price swing of Bitcoin is quite similar to conventional currencies and how you can take advantage of it will depend a lot on your trading strategies.

In general, the value of Bitcoin tend to ebb and flow with news that surround it, more so if the news in question carry negative connotation. With volatility a given in the Cryptocurrency market, it also means opportunities and also risk for traders to leverage on its constantly changing prices.

As it is still a relatively new asset in the Cryptocurrency universe, it’s worth the endeavor to keep abreast of news that concern Bitcoin.