Trading Bitcoin VS Forex
What is bitcoin?
Bitcoin is a type of electric currency crypto (cryptocurrency) which is currently widely used for online transactions and in tradingkan.
The history of bitcoin (from several sources), was discovered by Satoshi Nakamoto in 2009 but seems to have only begun to be widely used and traded since 2011.
At first Bitcoin emerged as a means of payment to cover the weaknesses of existing electric payment instruments, where bitcoin offers advantages such as:
- transaction costs are very small, almost non-existent
- faster delivery process
- Anonymous (no owner identity required)
- High security
Why is Bitcoin interesting?
1. Modernization of payment methods
Before the presence of bitcoin, if we want to have an online currency we have to perform several stages of account verification, so impressed Ribet. As for having Bitcoin it is not necessary. Bitcoin is considered easier and quicker to use for payment.
By its "anonymous" nature it makes the sender or recipient's identity unknown so as not to worry about identity theft
2. The number of bitcoins is limited
It has been taken into account by the system that bitcoin will only be produced as much as 21 million BTC only. So if the future more and more people are using bitcoin then its value will continue to increase.
How is bitcoin getting started?
In addition to the advantages offered by bitcoin itself, it is undeniable that there are now many online goods and services stores that provide payments using bitcoin, so that many people start using payments using bitcoin.
Because not everyone can mine Bitcoin himself, then the market for bitcoin provision, as a place to buy bitcoin, where bitcoin price is determined by supply and demand. The change of supply and demand to bitcoin makes the bitcoin price move varies, until finally used by both investor and speculator to get profit. Until finally created bitcoin trade is more crowded as it is today.
What is the difference between bitcoin trading and forex trading?
For a trader, since the purpose of trading is to profit from the price difference, there is almost no difference. Bitcoin is just one asset to trade, as well as Gold, Oil, EURUSD and more. Bitcoin is just one option to trade.
Except in the investment context, an investor would exchange the money into bitcoin, to have the bitcoin physically, and expect the value to increase.
What bitcoin trading is more profitable?
If currency changes are compared to currency, for example EUR with USD, then the average change is only 0, xxxx (zero comma).
While changing the value of BTC than the USD is no longer zero coma but in a matter of digits in front of a comma, so the price changes so great. So both the possibility of more profitable and vice versa is much greater.
BTCUSD is very interesting to trade, but it must be fully calculated.
Where can we get bitcoin?
- If the goal is to own, invest or to use as an online payment tool, then you can buy it in bitcoin indonesia marketplace.
- If the goal is to take advantage of mentradingkannya, here the easiest place:
TRADING BITCOIN on Metatrader 4
Currently there are many forex brokers who provide bitcoin trading. But some brokers only provide bitcoin trading for Standard and higher account types. For micro and cent accounts not available.
To display the Bitcoin graph on metatrader how:
1. Right click on marketwatch area, select Show All
2. Scroll the bar down until it finds BTCUSD
Regarding how to trade bitcoin, the process is the same as forex trading.
Bitcoin is a type of electric currency crypto (cryptocurrency) which is currently widely used for online transactions and in tradingkan.
The history of bitcoin (from several sources), was discovered by Satoshi Nakamoto in 2009 but seems to have only begun to be widely used and traded since 2011.
At first Bitcoin emerged as a means of payment to cover the weaknesses of existing electric payment instruments, where bitcoin offers advantages such as:
- transaction costs are very small, almost non-existent
- faster delivery process
- Anonymous (no owner identity required)
- High security
Why is Bitcoin interesting?
1. Modernization of payment methods
Before the presence of bitcoin, if we want to have an online currency we have to perform several stages of account verification, so impressed Ribet. As for having Bitcoin it is not necessary. Bitcoin is considered easier and quicker to use for payment.
By its "anonymous" nature it makes the sender or recipient's identity unknown so as not to worry about identity theft
2. The number of bitcoins is limited
It has been taken into account by the system that bitcoin will only be produced as much as 21 million BTC only. So if the future more and more people are using bitcoin then its value will continue to increase.
How is bitcoin getting started?
In addition to the advantages offered by bitcoin itself, it is undeniable that there are now many online goods and services stores that provide payments using bitcoin, so that many people start using payments using bitcoin.
Because not everyone can mine Bitcoin himself, then the market for bitcoin provision, as a place to buy bitcoin, where bitcoin price is determined by supply and demand. The change of supply and demand to bitcoin makes the bitcoin price move varies, until finally used by both investor and speculator to get profit. Until finally created bitcoin trade is more crowded as it is today.
What is the difference between bitcoin trading and forex trading?
For a trader, since the purpose of trading is to profit from the price difference, there is almost no difference. Bitcoin is just one asset to trade, as well as Gold, Oil, EURUSD and more. Bitcoin is just one option to trade.
Except in the investment context, an investor would exchange the money into bitcoin, to have the bitcoin physically, and expect the value to increase.
What bitcoin trading is more profitable?
If currency changes are compared to currency, for example EUR with USD, then the average change is only 0, xxxx (zero comma).
While changing the value of BTC than the USD is no longer zero coma but in a matter of digits in front of a comma, so the price changes so great. So both the possibility of more profitable and vice versa is much greater.
BTCUSD is very interesting to trade, but it must be fully calculated.
Where can we get bitcoin?
- If the goal is to own, invest or to use as an online payment tool, then you can buy it in bitcoin indonesia marketplace.
- If the goal is to take advantage of mentradingkannya, here the easiest place:
TRADING BITCOIN on Metatrader 4
Currently there are many forex brokers who provide bitcoin trading. But some brokers only provide bitcoin trading for Standard and higher account types. For micro and cent accounts not available.
To display the Bitcoin graph on metatrader how:
1. Right click on marketwatch area, select Show All
2. Scroll the bar down until it finds BTCUSD
Regarding how to trade bitcoin, the process is the same as forex trading.
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