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Trading Bitcoin Binary Options Without Getting Scammed – 88% ROI??
If you’re looking into Bitcoin trading you’ve probably encountered companies like Trade Rush which provide Bitcoin Binary Options trading.
What Are Bitcoin Binary Options ?
Bitcoin Binary Options is a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct you earn the option’s payoff, if you’re incorrect you lose your investment. Each Bitcoin binary option has a specific expiration date at which the option is checked to see if it’s “In the money” (you were correct) or “Out of the money” (you were incorrect). Each Bitcoin binary option also has a specific payoff that you can win. They are called “Binary Options” because the outcome is either win or lose, there’s nothing in between.
An example for Bitcoin Binary Option Trading
For example, let’s say it’s 10am and the BTC price is $575.505. You believe that by 5:10pm on March 17th the price will be higher than $575.505 so you buy a “Call” option. If at 4pm the BTC price is higher than $575.505, you earn the payout of 73% of your investment, if it’s lower, you lose. Another example is if you think the BTC price will go down. You then buy a “Put” option. If the price at the expiration time is lower than the original price, you earn the option’s payout.
The Upside of Bitcoin Binary Options
- You don’t have to know the exact value of Bitcoin when the option expires, only if it increased or decreased.
- You don’t have to have extensive knowledge in trading to participate in Bitcoin binary options.
- Payout can reach up to 88% return on investment.
The Downside of Bitcoin Binary Options
As you may have noticed, Bitcoin binary options have a great similarity to plain gambling. If you study binary options in detail you will see that the trading platform will always have an edge over the investor (you need to win over 50% of the time just to break even). Because of the unpredictable nature of Bitcoin binary options many countries have strict regulations regarding who is allowed to operate such a business, it is advisable to check if the exchange were you wish to trade Bitcoin binary options is regulated. Also Bitcoin options can become highly addictive (just like gambling), and no matter how knowledgable you are, it’s impossible to consistently predict what Bitcoin prices will do within a short time frame.
Bitcoin Binary Options Exchanges
Today, two companies have taken the advantage of Bitcoin’s increasing volatility and are allowing customers to trade in Bitcoin binary options: TradeRush – Accepts customers Worldwide. Top Option – Does not accept US customers.
Be careful! You’re Capital is At Risk
If I wasn’t clear enough until now, then keep in mind that trading in Binary Options is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading.
7 Binary Options
First thing first: what is Bitcoin exactly? Bitcoin is a digital currency (also called a cryptocurrency). It is the world’s first digital currency, and it is quickly becoming popular among traders worldwide. At the moment, traders can exchange Bitcoin as the perfect fundamental resource in CFD exchanges.
Bitcoin is highly respected among all the traders as its unpredictable nature makes it perfect for CFD exchanging.
So the most important thing to do is to work on your trading strategy. In case you’re eager to succeed in this type of trading, we gathered everything that you have to know to begin in this article. Read on!
What’s so special about Bitcoin?
Bitcoin is a cryptographic money and a completely unique, one of a kind financial means that is unlike anything anything else in the investment world. It’s been named “digital currency” since it utilizes cryptography in its core to control the creation and exchange of cash.
In spite of the name, there is no physical money involved whatsoever, Bitcoin is a totally electronic type of cash with no physical validation of it being involved.
Bitcoin was created with a great goal in mind: to solve the so-called “double spending issue” that the introduction of digital goods have brought to the world. For instance: let’s assume you have an mp3 record or an e-book on your personal computer. You can then easily duplicate that document a million times and send it to a million distinct individuals.
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For the cryptographic money, the likelihood for such duplicating would mean a hyperinflation happening very fast. Bitcoin tackles this issue by keeping up a shared system and recording every exchange in an open record called the blockchain.
Let’s assume you send 1 bitcoin from you bitcoin deliver to your companion Tom. The Bitcoin organizes records that exchange in the blockchain and I never again have the ownership of that particular bitcoin. The coin “”moved”” from my bitcoin wallet to Tom’s account.
So what is exactly so remarkable and attractive about Bitcoin? There are many disputed on the market as to whether the new virtual money will succeed or missed the mark. We don’t want to get into those disputes nor we want to discuss the legislative issues behind these money.
What we want to discuss is only what is the advantage openings given by this new trading means. In the next couple of paragraphs we will try to provide our analysis of the new automated money, we will design our thoughts from the perspective of a trader and a dealer in this trading field.
The simplest explanation of Bitcoin is that it is a peer-to-peer virtual cash. This implies all together for a trade to happen, no intermediary or central authority is required. You can send any number of bitcoins to anybody living anyplace on the planet, totally disposing of the requirement for such intermediaries like banks or other financial institutions.
The digital currency likewise permits the bypassing of capital and anti-money laundering confinements. If you want to send or get bitcoins, all you need is a bitcoin address and internet connection.
You just have to go online to prepare for the exchange. Like when you want send money to a traditional bank account of someone, you can get bitcoins to your bitcoin address regardless of the possibility that you’re disconnected later. When you need to “gather” your coins anyway, you’ll need to go back online.
How to get a bitcoin address
Like we have already specified above, keeping in mind the end goal to send or get bitcoins you should have a bitcoin address. You can get such an address either by downloading the bitcoin customer or simply opening an online wallet.
The two most famous bitcoin sites are Bitcoin-qt and Multibit, and the only fundamental contrast between these two sites is how big is the blockchain that you should download to use them. In the event that you choose Bitcoin-qt, you need to download no less than 10GB to your hard drive.
Bitcoin-qt is the official bitcoin site, so that is tilting the preference of some traders to it. But in the event that you can save 10GB on your computer, just go for this choice, it is very much the same. Multibit is a lighter version of the bitcoin site.
Where are my bitcoins stored?
But all the other, where do bitcoins really come from? And where are they collected? After you open an account with one of the two sites above, you can discover your bitcoins are in a document named wallet.dat. In the case that you have a Windows computer, this record will be situated in the application information segment.
In the unfortunate event that your PC gets stolen or lost and you haven’t made a duplicate of the wallet.dat record, you will lose your bitcoins. It is very much recommended to make backups for this document.
Another way to store bitcoins is to put put them away in one of the online wallets. There are specific sites that offer bitcoin wallet administration and storage. However, because of these destinations being a regular target for internet hackers, keeping bitcoins in online wallets is not the smartest decision when you can store them offline on your computer without much of a problem.
Online wallets can be valuable for putting away little amounts of bitcoins with the goal that you can buy something online. If you choose to do so, Blockchain and CoinKite are some of the most popular services.
Bitcoin trades are a significantly more secure to put your bitcoins in (especially contrasted with online wallets) since they keep most coins in what is known to be a cold storage. Generally, more than 90 percent of the bitcoin currency invested in a trade is kept somewhere offline.
As little as 5-10 percent is kept nearby for prompt reclamation. There are lots of aides online with recommendation on the best way to store and secure your bitcoins, so there is plenty information. The only thing is for sure: it is more secure nowadays to deal with this procedure yourself then to deposit them to some outsider service.
Bitcoin has a few points of interest compared with more traditional financial services or currencies. So far, we have specified two of these in this article: no intermediaries or any limiting regulations.
One more big advantage of using bitcoins is the minimal cost for sending and getting bitcoins. Way lower than using anything else! While it is totally possible to send exchanges totally without charges, it is still better to pay the little charge as it will be better and more secure.
The sum you have to spend relies on upon the information size of the exchange. A regular exchange is 500 bytes and conveys an expense of 0.0001 bitcoin. At the current costs of $913 per bitcoin, this adds up to a charge of 9.13 cents. Amazing, right?
Since the expense is totally subject to an exchange’s information estimate and not on the quantity of bitcoins being sent, a $10 exchange will convey an indistinguishable charge from a $10 Million exchange. The expense will take a 0.913% bit of a $10 exchange. However, that same charge will just take 0.000000913% of a 10 Million exchange.
Using bitcoin offers traders many advantages, as traders that include this advanced cash are secure and irreversible. When they don’t need to worry about the danger of fraud or false transactions, traders can offer their items at a lower price and in this manner create more deals or take advantage of this difference themselves.
Also, with no cards needed, traders can save money on the charges usually taken by Visa or MasterCard.
Buying Your First Bitcoin
Be that as it may, what exactly do you need to do so you would be able to take advantage of a bitcoin? The easiest and the most straightforward approach to gain bitcoins is to get them at an online trade. There are three noteworthy bitcoin sites. Each one of them has their own particular interesting features and an alternate expense structure.
In case you’re from the European region, Bitstamp is your most logical option to get some bitcoins. It really requires little to no effort. The organization is situated in Slovenia, which in the European Union. With SEPA the transactions are free, withdrawals are charged as little as a €0.9 fee.
Since Bitstamp just offers exchanging bitcoin to the US dollar, all euro exchanges are quickly changed over to dollars. And in case you need to withdraw on SEPA, you need to change over your assets back to euro currency.
The system of huge fees only supports huge brokers ( Interactive Broker, Swissquote and FXCM ) and market dominators. The minimum charge for new deposit begins at 0.5 percent and only goes down to around 0.2 percent in the unlikely occasion that you exchange over $150,000 per month.
Yes, the cheapest charge is 0.2 percent. The 0.2% charge is per one exchange, so you will get have to deal with this expense at whatever point you purchase or sell bitcoins on the market.
Fortunately, the difference between the offer and the sell cost of it is low. At a current bitcoin rate of $819, this adds up to a good 0.1 to 0.25 percent. You just have to pay the spread in case you need to enter some particular case immediately.
In the event that you submitted a restrict request to purchase and you’re willing to hold up until somebody has an offer, you can buy your bitcoins at a little rebate at the offer and later offer them at the ask, taking the spread for yourself.
Bitstamp has to a great extent managed to drop this burden and withdrawal issues that torment numerous bitcoin trades. With an absence of direction on the up and coming virtual cash and its checkered past, numerous monetary organizations stay hesitant to get required with preparing bitcoin related exchanges. You can use store supports exchanging USD, EUR, GBP, and CHF. US customers are also accepted, which is quite rare.
Coinbase is most likely the least demanding and most secure approach to buy bitcoins in the United States. It is not an exchange like BitStamp. They go about as an intermediary to all client exchanges, but with Coinbase you purchase or offer your bitcoins straightforwardly to Coinbase.
The purchase charge is 1 percent on top of each purchase / offer spread. The offer/ask is generally near BitStamp where the firm gets its liquidity from. For instance, the present offer is at $635.48 and the current ask is $638.07. Furthermore, the firm has day by day confines on the measure of bitcoins purchased/sold.
Essentially, Coinbase has a certain amount of bitcoins that it will purchase or offer each day. Amid times or high unpredictability, traders will most likely be unable to purchase/offer bitcoins until Coinbase chooses to Refill their stock. Here’s a decent clarification on this issue from their customer support team:
”The breaking point you’re seeing is Coinbase day by day farthest point being achieved, not your own utmost. Here and there the Coinbase site itself will keep running into a day by day, moving farthest point on buys or deals if there is a remarkable measure of action in the bitcoin markets.
We set up this brief respite to ensure that we have enough supports for all the exchange requests that being made. This ought to be an uncommon exemption instead of the general manage be that as it may. There is no particular time where this point of confinement begins. It’s on a 24 hour moving premise! It may be best to check in at 6am or 7am Eastern Standard Time the following day. ‘
Coinbase claims that more than 97 percent of all client assets are put away, so there is no risk in case of bank frauds or forestall robbery or misfortune. In case that you live in the States, you can without much of a stretch sign up your financial balance to Coinbase to conduct easy and simple bank exchanges.
In case you are a Forex dealer, BTC-E is most likely the least demanding site to get into. The organization offers its own MetaTrader site. The instrument accompanies a use of 3 to 1 and the capacity to short a bitcoin.
Unlike at Bitstamp, where shorting is impossible. You can at present offer any bitcoins you effectively earn at these trades. Yet, you won’t have the capacity to short bitcoin inside and out.
The expenses on MetaTrader are somewhat higher. It is 0.3 percent for every side contrasted with 0.2 percent as iti s if you’re using btc-e web site. In case you’re a Forex user, btc-e may strike you as the best alternative of those three that we have discussed here. In any case, nothing is as direct in bitcoin world as this one.
Surprisingly, nobody knows who the genuine proprietors behind btc-e are. Clearly, the home office of the organization is situated in Bulgaria and the team is more acquainted with Russian then with English. Yet, all the rest is kept as a secret.
The organization also introduced a complicated deposit and withdrawal procedures that make traders transferi the cash through a few banks and financial processors before they arrive to your record.
In the event that you plan to store your capital on BTC-E, keep in mind that you need to follow their store directions to the letter. Since other trader’s experience with their web of banks, finding a lost store is close to absolutely impossible.
A little extra side note: the organization offers deposit and withdrawal by a few well known e-wallets on the internet. Those include Webmoney, PerfectMoney, Ukash and Paypal (withdrawal just $500 least). As indicated by other traders audits, deposits and withdrawal by these techniques are a ton quicker and smoother contrasted with bank wires that we have just described.
BTC-E accepts US customers. Be that as it may, beginning from December 2020, the organization quit intermediating US dollar wires or any wires associated with a United States bank.
Here is an email answer to a traders’s question on this from their customer support: ”We don’t acknowledge global wire exchanges from american Citizens or from american banks, for that matter. All exchanges from American citizens or American banks will be denied by a bank and returned to you within a few word days.”
Other ways to purchase bitcoins
Beside the exchanges that we have been discussing in the previous paragraphs, you can likewise purchase bitcoins on ebay and comparable closeout sites. Remember this: because of the likelihood for chargebacks and extra fees, bitcoin and different digital forms of money exchange at a premium on ebay.
In-person meetings are another choice to obtain bitcoins. Make sure to consult www.checklocalbitcoins.com for bitcoin vendors and purchasers close to your region. Continuously follow alerts while doing a disconnected trade.
Meet during the daytime and in spots with many individuals around in order to avoid scammers. In the event that conceivable, bring a companion or just a witness.
The “where and how” of where to purchase your first bitcoin is completely up to you. We trust that our introduction provided you sufficiently with data that is able to help you settle on an educated choice.
Everything relies upon your necessities and prerequisites. A few exchanges are better to trade for some traders in terms of technology, others help you to save money on the absence of bank wire fees and withdrawals.
Leveraged Bitcoin Trading
In this paragraph, we’ll discuss more than a few choices for exchanging bitcoin. We’ll additionally layout the choices to short the bitcoins. Before we go any further, one comment has to be made. Bitcoin costs are exceptionally unstable.
Costs ascended from as low as 195.50 back in November to a high of 1,090 by December in 2020. From here, the bitcoin value collided to as low as 420 on December 18th, just to rise up and retest the 1,000 level in January of the same year.
Not at all like major Forex money sets which scarcely move 1% for each day, bitcoin costs can rise or fall more than 30% in one single day. On the off chance that you know how to exchange, you won’t have any use of leverage in order to profit with bitcoin. With that note out of our way, we should get serious and go over a portion of the alternatives for using bitcoin in trading.
As of now, we have expounded on one of the more aggressive alternatives for shorting bitcoin and utilized exchanging, BTC-E. The Bulgarian trader offers the well known MetaTrader stage with 3 to 1 use, shorting capacity and a low expense of 0.3% for each side.
Etoro.com is one of the latest additions to the Forex broker market. It offers bitcoin exchanging. To explain the biggest problem with it briefly, itis not very appropriate for exchanging during the day, as you can just enter and leave the market four times each day. It utilizes the BitStamp information technology as a value reference.
Simply put, in spite of having a committed US a player in the site, eToro and IQ Option still doesn’t seem to accept US customers for the moment. Here’s a piece of the customer help area that explains this further:
- ”As a vital element of our progress advancement in the United States, we have for now suspended our operations in the region. Subsequently, right now we won’t sign up any new customers or accept assets from our existing American traders. While you’re here, you are welcome to keep getting to know how eToro works through our practice mode, which will remain accessible to all traders.”
Let’s turn to a different broker now. Btc.sx offers a 10 to 1 leverage according of BitStamp promo information. So also similar to Ava Trade, Btc.sx adds around 10$ to the spread at BitStamp.
You will require a deposit of no less than 0.01033 bitcoin with a specific end goal to exchange at Btc.sx. At current bitcoin costs of $638, this adds up to being a sum around 6.3$. Btc.sx is dually managed from two locations: England and Singapore. The trade at present acknowledges just bitcoin stores, no other cash stores are permitted.
The high rollover cost additionally makes exchanging at Btc.sx quite tricky. The cash rollover fetched for our position was 0.0084 of a bitcoin ( that is 8.8 dollars). Awfully high for a 1,000 dollar position, as compared to some other choices on the market.
Since the organization just permits stores and withdrawals in bitcoin, it has generally not depended on the dollar withdrawal issues experienced by other btc trades. Btc.sx also allows US customers, which is its huge plus.
Other than CFDs, the new digital currency has additionally brought forth another alternatives showcase. At present, a few organizations are in the position to offer Bitcoin alternatives. Anyoption.com is one of the most reliable choice and our top recommended brokers overall.
It offers exchanging the virtual money. You can benefit from rising or falling bitcoin costs. Anyoption.com is not available for American customers as some other choices on this list. The organization doesn’t acknowledge USA brokers right now.
Predictious.com is a betting site that matches purchasers and merchants and don’t value the options by themselves. Other than betting on bitcoin, you can likewise attempt to anticipate the next recipient of the Oscars or bet on which party will win control the United States Senate, or who becomes a president. As of now, the site takes all bitcoin stores out there. And it accepts American customers as well.
What Drives Bitcoin Prices?
Regulation and other actions by government entities have one of the biggest impacts on the price of this virtual currency. The American and Chinese governments are the ones to watch out for especially. Somewhat favorable comments by American lawmakers in the past couple of years supported the bitcoin rally.
At a Senate committee hearing,a Justice Department official said that ‘’bitcoins can be a very beneficial legal means of exchange’’. The biggest concerns are that this new cryptocurrency can be exploited by scammers and hackers, and should be subject to the law in order to protect people’’, the agency added.
Active bitcoin buys in China and the selection of the money by Chinese online organizations were another driver that pushed the BTC to USD cost from 195.5 to as high as $1090 within just 30 days. Baidu, the greatest Chinese internet provider begun to offer installments in bitcoin.
Increased Adoption and an Expanding Marketplace
Toward the beginning of 2020, one bitcoin was worth precisely 4.72 dollars. After one year a bit of the new cash could get you a book already (13.51 dollars). By 2020, purchasing a one single bitcoin would cost you as much as 806 dollars.
With the 2008 world financial crisis still crisp in individuals’ memory, most discounted bitcoin is still rising cost as one more money currency “in the air”. Be that as it may, what many individuals neglected to comprehend is the reason the cost is going up.
While hypothesis and betting on higher costs unquestionably had their influence simultaneously, a noteworthy explanation for the additions is extremely basic about this expanded reception of the digital currency.
As per BitPay, a Bitcoin Payment Service Provider, as of 2020 there are more than 15,000 vendors right now using bitcoins. Two years back this number was just at a couple of hundreds. The quantity of exchanges operated by Bitpay expanded ten times in 2020 and crossed the 50,000 mark by the end of that year.
The company said that 6,296 bitcoin exchanges happened on Black Friday a year ago, up from just 99 exchanges the year before on the same date.
A list of the famous adopters of bitcoin is starting from Richard Branson’s Virgin Galactic. You can now purchase a private flight into space with your bitcoins. Zynga, the facebook site for online gamers, offered the bitcoin installment choice to players as well for different games. Many sites are additionally beginning to acknowledge the new cash as a methods for payment and purchases.
These improvements indicate a certain something. The Bitcoin commercial center is extending at a shocking rate of development. The organizations and people that grasp this new marvel will have a leverage over their opposition in going ahead on the financial market.
Usage in outlawed activities
The third greatest key driver of bitcoin costs is the expanded (or diminished) utilization in activities that are prohibited by governments around the world. Bitcoin’s pseudo obscurity has encouraged dealings in anything: from the buy of stash like unlawful medications or weapons to bypassing capital.
Government follow-up on these unlawful activities has a tendency to smother the cost of bitcoin.
A striking case of this was FBI shutdown of the Silk Road commercial center. The site had more than 10,000 items available to be purchased, 70% of which were medications that are unlawful in many countries of the wold. Around 340 unique assortments of medications were offered on the site. The site worked as an eBayintermediary for medications, associating purchasers with venders and not doing any giving themselves.
The FBI closed it down back in 2020. The chieg administrator of the site, Ross William Ulbricht (otherwise called Dread Pirate Roberts) was accused of affirmed murder for contract and drugs trafficking. The office appropriated more than 26,000 bitcoins from various records on Silk Road, worth roughly 3.6 million dollars in those days.
It is fascinating to note that a noteworthy bitcoin rally began directly after the Silk Road shut down! To some degree, some might assume that the virtual money was fundamentally designed as an instrument for encouraging medication trafficking. In the months after the webpage’s seizure, a few noteworthy players on the web and other organizations began tolerating bitcoins.
Among these are significant American retailers such as Overstock.com and Tiger Direct. The CEO of Overstock.com announced that the organization logged more than 800 buys utilizing bitcoins on the primary day they began offering the new installment arrangement, totalling 130,000 dollars together.
The organization says that Bitcoin purchasers have made 500,000 dollars in buys in the initial 14 days since the new installment alternative was advertised.
But what about the supply side?
Experienced traders in other item markets are presumably asking themselves for what reason the supply point is put toward the end in an article that goes over the drivers of bitcoin costs. The reason is simple: on the grounds that with regards to bitcoin, the supply doesn’t have quite a bit of an effect on the cost.
This is on account of the supply is steady and known in advance and should not be valued in at all. Circumstances like finding a colossal oil field that essentially discourages oil costs is unrealistic with bitcoin.
The supply of bitcoins develops by the procedure called mining bitcoins. The supply is relied upon to increment by 11% in 2020 in the wake of going up 10.65% a year ago. The rate of piece creation is 6 every hour with each square worth 25 bitcoins (around 25 thousand dollars).
On the off chance that all the more mining force goes on, the web increments is to 7 pieces for every hour. For instance, the alleged mining trouble will go up until the 6 pieces for each hour normally is reaffirmed. Then again, if mineworkers produce less coins, then the trouble will go away by making it less demanding to create new coins.
Wall Street Bitcoin Forecasts
With all the event of medication trafficking of the record, the new cryptographic money was likewise beginning to grow in the consideration of Wall Street. Wedbush Securities, a little known investigation firm put a figure of around 98,500 dollars on the cost of one bitcoin.
The investigators anticipate that bitcoin will ascend by 10 to 100 times its present an incentive as the new innovation almost fully replaces customary installment processors and cash operators. From the Bank of America, Merrill Lynch wasn’t as hopeful in her colleagues. The Bank’s investigators foresee a very moderate increase of bitcoin of $1,300.
The Winklevoss twins disclosed to CNBC that a 400 billion dollar market for bitcoin would be a very impossible situation’. With around 12 million bitcoins as of now available for use, to achieve that market result, one bitcoin must be justified at around 40,000 dollars. The siblings are real speculators in bitcoin in the wake of getting rich from an early interest in Facebook.
The biggest potential for interruption to the present business as usual lies in removing a lump from the installment processors showcase. Visa and MasterCard are evaluated to take a 2 to 3 percent cut of each card exchange. By utilizing bitcoin instead of the card transactions, the dealers will have to enhance their main fee by no less than 2 percent.
What’s more, on the grounds that bitcoin exchanges are irreversible, there is no plausibility for chargebacks and misrepresentation. This decreases the expenses of operation by another rate exchanges.
Another territory that is ready for some changes is the cash exchange are money transfers. The market is as of now ruled by huge players like Western Union and MoneyGram.Western Union, for instance, can gain as much as 10 percent for each transfer on global operation.
By correlation, a bitcoin exchange shouldn’t cost more than 5 percent, even when subsequent to representing all trade and bank wire expenses for both the purchaser and the vendor on each side of the exchange.
Additional Bitcoin Resources
There are a lot of assets online where you can learn and understand more about bitcoin and its special features. Here is just a small portion of the sites that can help you accelerate the learning procedure.
Bitcoin trading and binary options
The dizzying growth in the cost of bitcoin over the last period made the current financial asset the most attractive and popular for investors. Today, all advanced users and financial literate people are trying to use the crypto currency as much as possible to generate income and save personal savings. However, the growth of quotations Bitcoin, despite the attractive moments, created financial obstacles for investors with minimal capital. Against this background, it is profitable to make profits on bitcoins become binary options. It was the bitcoin theme and binary options that we decided to dedicate this material to.
So, let’s consider the principles and advantages of classical investment of funds in the crypto currency and the profitable aspects of binary trading on the fluctuations of bitcoin. Today, the network offers many sites for direct purchases and sales of bitcoin, which offer many good prospects for investors. The main advantage of classical use of crypto-currencies in this format is the physical possession of the asset, the possibility of selling the asset at the most favorable prices, and the use of a financial instrument as a means of preserving capital. But at the same time, this format of investment activity is fraught with financial problems and certain risks.
– First, in order to obtain a sufficiently significant amount of profit, the investor needs a very large capital: the cost of one bitcoin coin fluctuates around 2500 USD, so we get a very high financial threshold for entering the process, which is not available to everyone today!
– Secondly, with a direct purchase of an asset, the profit will depend on the growth of its value. And given the rather wide range of volatility of quotations, which is demonstrated recently in the crypto currency market, it is possible with equal success here, how to earn serious capital, and get big losses. Thus, financial risks can completely level out the potential income of the investor.
As for binary options in this matter, this tool for investors offers the most optimal conditions for profit from fluctuations in the value of the crypto currency.
– Firstly, it does not require a large start-up capital, since the trader does not buy the asset in kind, but only uses the price movements for bitcoins. To make a profit, according to the financial conditions of the professional broker of binary options Binomo, work on the market can start with a capital of 10 USD. In addition, here the most important thing is cryptocurrencies, but only the direction of the movement of quotations. The investor receives a profit when confirming the trade forecast, regardless of the number of points of price movement.
– Secondly, a trader in binary trading receives a fixed indicator of the profitability of the option at a level of up to 83%. Thus, it is easy to calculate both the liquidity indicators of the trading position, and the level of risks and financial losses.
– Thirdly, the investor does not need to wait until the quotes of the asset grow to indicators that will bring a large amount of profit. And, as you know, with the action in the asset this period can be calculated in months. In binary trading, the term of work: 1 min. To 24 hours, which greatly simplifies the work of the investor and allows you to quickly earn the most minimal changes in the value of the asset.
And, of course, it’s worth mentioning about a simple mode of market valuation and generation of forecasts for binary options. In this case, traders can clearly determine the movement of quotations with the help of special indicators, which will affect the high financial performance.
To summarize, to find that the aggregate set of resources is a financial asset bitcoin and binary options.
вЂњGeneral Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.вЂќ
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