Bitcoin Trader

Bitcoin Trading is one of the highest growth investment options in the last decade in most of the world. We can now see more UK investors become a Bitcoin Trader, than ever before. It is impressive to see how in virtue of a magic act arises a virtual world that moves a market of more than 200,000 million dollars annually. Let’s know a little about how this world came about and, most importantly, how we can become a Bitcoin Trader.

It is absolutely possible to buy and sell bitcoin within a day. More advantageously, the cryptocurrency market is not bound by the regular opening and closing time limit. You can purchase and trade bitcoin 24 hours a day. The main reason why cryptocurrency day trading is flourishing today is because of the high price vulnerability. Mostly, digital currency trading is more about “guessing” the probability of the price going up or down than have possession of it.

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How it work

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Open Pass Free Account

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Active Your Account

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Grow Your Fund & Enjoy

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What is Bitcoin and how does it work?

Bitcoin is a digital cryptocurrency that emerged in 2009, following the publication of a White Paper attributed to a mysterious person named Satoshi Nakamoto. All technical details for its implementation are explained in that paper. Bitcoin was conceived as an international payment method (foreign and local currency) not subject to the control of centralized banking authorities. This fact makes it immune to the manipulations of the monetary policies of a particular country or from international banking, as traditional fiat currencies are exposed. This is why more investors choose to be a Bitcoin Trader.

As a cryptocurrency, its creation is based on the development of an extensive network of computers interconnected through the Internet, called blockchain. This network has a double function. It validates all the purchase and sale operations of the currency. This process is carried out creating blocks of validated operations that are joined each one to the previous one, forming a chain or blockchain. Moreover, it generates new bitcoins that are gradually incorporated into the network, increasing the liquidity necessary to meet the growing demand. The process of validation of operations and generation of new currencies is known as “mining”. Mining is complete when a riddle is solved by very complex mathematical cryptography calculations. The “miner” who solves the riddle is rewarded with a specific amount of bitcoins (currently 12.5 bitcoins). For more detailed information on bitcoin, and how a blockchain or the mining process functions, see this link and read to become an Bitcoin Trader.

What is Bitcoin Trading?

Bitcoin Trading is an option of investing in the bitcoins market without having ownership of them, betting or speculating on what their price will be in a given time (days, hours or minutes, depending on the selected strategy). Bitcoin has a set of attributes that make it ideal for financial speculation or Bitcoin Trading: volatility, availability, and globality.

Bitcoin volatility
Bitcoin’s price is quite fluctuating and unpredictable. In many cases, its fluctuations can be significant in a matter of days, hours, or minutes. This behaviour allows betting about its price.

Since no authority controls it, there is no official price. Therefore, it is subject to the fluctuations of the market, which is mainly influenced by human emotions. This fact makes speculation about its price very exciting.Other important variables that could influence the price of bitcoin are:
Its usability as a routine payment method in the real economy. Having the backing of large corporations or government entities makes it more attractive and, therefore, increases its demand. The bad news about its reliability and some episodes about fraud of some foreign exchange operators have affected its price downwards.

Bitcoin availability
Bitcoin is a currency traded continuously, 24 hours a day, seven days a week, and 365 days a year. With the new computer and telecommunications technologies, operations can be carried out from any computer, tablet, or cell phone.

Bitcoin globality
Bitcoin has worldwide acceptance. There are thousands of foreign exchange operators spread across virtually every country in the world. Not being dependent on any government in the world makes it free from controls outside the market participants themselves.

Bitcoin Currency Convertor

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