How to Trade Bitcoin
The chances are you have heard of cryptocurrency and Bitcoin. What was once something that was consigned to the fringes of the tech community, has since revolutionized the financial arena.
What is
Bitcoin?
Bitcoin the first-ever cryptocurrency ever created is a form of digital cash outside the control of any government or 3rd party financial institution. The Bitcoin protocol is run by a decentralized network of computers distributed around the world. The technology that BTC is built on (the Blockchain) allows the management and tracking of all transactions. The Blockchain is a public virtual ledger and anybody can access the data at any time.
A revolutionary invention first created in 2009, Bitcoin has given users the ability to send and receive digital assets instantly. People are drawn to cryptocurrency because of its uncensored attributes. Furthermore, its permissionless nature means that anyone can participate in the ecosystem and transactions can be made at any time from anywhere and at exceptionally low costs.
What Makes Bitcoin Price Move
Supply
There will only ever be 21 million Bitcoin in circulation, expected to be exhausted by 2040. This built-in scarcity is a key factor that can support Bitcoin’s long-term value.
Hype / News
Bitcoin is sensitive to relevant news or events, and its price fluctuates. Any “bad” press concerning security, regulation, value, or longevity can have a negative effect on Bitcoin’s market value.
Adoption / Integration
Bitcoin’s public profile can also depend on new adoption, or perhaps integrations into existing payment systems or financial frameworks. The more demand for the crypto asset may have a positive impact on its price.
Trading BTC/USD With TradeOr
User-Driven Success & Easy-to-Use Platform
We designed our platform with the customer at the forefront. By signing up with us clients will enjoy a user-friendly interface, continuous learning for users of all levels, convenience & innovative features designed to help you capitalize on opportunities.
A Platform for all Needs
As industry professionals, we have created an experience that fits everyones’ expectations. Join us on this exciting journey and stay tuned for new features designed to help you reach higher levels.
0% Commission Trading
Once you have opened an account with TradeOr you will have access to 0% commission on not only your BTC/USD trades but on all your favorite assets. This is a crucial aspect when choosing a broker as it means you get more from your trades.
Superior Charting & Smarter Investing
At TradeOr we envision a world where traders have the technology to shape a new way to trade. A trading experience that is efficient, innovative, and action orientated. Our traders can analyze the markets more clearly and find new opportunities faster. We have integrated TradingView into our innovative platform.
Instant Bitcoin Deposits
Speed is everything when it comes to trading financial markets. Our traders can access instantaneous funding by using Bitcoin as their source of power. Deposit using BTC and start using the crypto asset to trade or invest in all major financial instruments.
24/7 Support
We all need a helping hand sometimes. So, that is why we offer 24/7 support to all traders. No query is too big or too small for our team of trading veterans.
Is BTC/USD Trading Profitable?
In simple, yes, it can be. However, it is important to note that markets are volatile and profits may depend on how in-depth your market analysis or market knowledge is.
Is Bitcoin safe?
The crypto market is known for its volatility and can be a risky venture. However, TradeOr provides all the risk management & educational tools you may need to help counteract and manage your risk. These include stop and limits and an abundance of educational resources to help you take control of your trading.
How Does BTC/USD Trading Work?
Trading Bitcoin allows traders to open or close speculative positions on BTC’s price movements. If you are confident that the price will rise traders may open long positions, but if you speculate that the price may fall you can also go short. Position profits will depend on the accuracy of your forecasts and the size of the price movements.
Is There a Right Time to Trade Bitcoin?
The crypto market never sleeps, meaning traders have access 24/7, however certain times of the day may experience increased volatility and liquidity.
What is Leverage Trading?
Leverage, sometimes referred to as margin is used by traders to increase potential return.
