Ava trading bitcoin
Bitcoin (BTC) Launched in , Bitcoin was the first and remains the most popular cryptocurrency. Unlike traditional fiat currencies, which are backed by trusted third parties such as banks and governments, cryptocurrencies are decentralised and backed by peer-to-peer technology. Bitcoin was the first digital currency to be created. It is also the most respected, well capitalised and highly traded Cryptocurrency in the world. Cryptocurrency trading allows for maximum yield when it is volatile, due to its many ups and downs. This is precisely the reason global traders enjoy Bitcoin trading. Bitcoin is the world’s first digital currency and it is expanding in popularity worldwide. With the MetaTrader 4 platform you can trade this rapidly growing currency against the US Dollar 24/7. Many traders prefer to trade Bitcoin derivatives due to this asset’s highly volatile nature, which makes it .
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Unlike traditional fiat currencies, which are backed by trusted third parties such as banks and governments, cryptocurrencies are decentralised and backed by peer-to-peer technology. At the core of cryptocurrencies is the blockchain technology hat serves a secure and accurate public ledger of all transactions.
The USD is also the denominator for major commodities such as gold , silver and crude oil in the global markets. The genesis of Bitcoin came during the global financial crisis, and initially, crypto was touted as the future of money , essentially as an alternative to fiat. Federal Reserve, which has the mandate over the most powerful fiat currency, the USD. But as major regulatory bodies sought to impose strict rules governing the space, the crypto party has faced challenging times.
Regulation will continue to be a mixed pill for Bitcoin and other cryptocurrencies. As stated, earlier Bitcoin provides the price direction cue for almost all cryptocurrencies. There is also an interesting correlation with gold. Gold has, for years, been considered a safe haven and a hedge against inflation and fiat — qualities that Bitcoin now portrays.
Bitcoin is now effectively the digital gold. By sharing fundamental economic qualities, gold and Bitcoin have developed a positive correlation that traders should always consider. Open an account with AvaTrade now and enjoy the many benefits crypto trading has to offer! This is precisely the reason global traders enjoy Bitcoin trading. Whenever a breaking story surfaces, Bitcoin starts to fluctuate and traders have the opportunity to cash in.
It is increasingly being used as the preferred payment option for merchants, money transfers and trading purposes. Bitcoin enjoys widespread popularity as a financial trading instrument, despite no association with governments or central banks.
Bitcoins are mined with powerful computer hardware and software. A maximum of 21 million Bitcoin will be available, after which no further bitcoins will be produced.
The algorithm which governs the production of Bitcoin limits the quantity that will be produced, and the rate at which they will be produced. It is a finite commodity — there is a fixed amount, and that ensures that greater demand will always prop up the price. In this way, it is similar to other finite commodities such as crude oil , silver, or trading gold. AvaTrade offers you the opportunity to Buy go long or Sell go short on all Bitcoin trades.
You can use your preferred trading strategies to buy or sell Bitcoin regardless of which way the currency is moving. When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it. Still don't have an Account? Sign Up Now.