It’s the perfect opportunity to use them for your trading portfolio, especially the ever-popular Bitcoin. Here’s a short memo that contains everything a beginner needs to know: what is it, why is it, how do you approach it. What a time to be a crypto trader. Bitcoin is going through its second renaissance, smashing all the price heights and growing strong. In case you have never traded crypto before, here’s a list of pros and cons.
But first, a little introduction to Bitcoin. Bitcoin (BTC, XBT) is a cryptocurrency american samoa business email list that is not controlled by any bank or government and can be transferred from user to user without any third parties through a blockchain system. Emission date: 9 January 2009 Created by: Satoshi Nakamoto Units circulating: 18,355,100 of 21,000,000 Pros You don’t have to buy Bitcoin using crypto exchanges and setting crypto wallets. Like any other currency, Bitcoin is a trading asset you can easily find on most trading platforms.
Most often you will find the BTCUSD pair. Liquidity of the asset secures constant transactions. Some people buy Bitcoin, some people sell it, price changes - that’s how you get your profit. High returns are no surprise for experienced crypto traders. Bitcoin tends to have incredible and sudden price growth, making its owners rich within a short period. Bitcoin is not infinite. Its emission stops after the 21,000,000th Bitcoin is mined.
Most often you will find the BTCUSD pair
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