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What are the Trading Opportunities for Bitcoin?

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Bitcoin prices have run the gauntlet of extreme volatility in the last five years. According to Investopedia, the market has risen by 900%, which has attracted the attention of serious traders. It’s becoming increasingly obvious that bitcoin is no flash in the pan. Bitcoin has gone from a Dark Web currency to one accepted in many mainstream outlets.

Predicting the Future of Bitcoin

There are several ways to trade bitcoin. Firstly, you can buy bitcoin and hope it goes up in value before you sell. If it does, you have made a profit. If not, you lose. The second way to make money trading on bitcoin is to speculate on the fluctuations in bitcoin value, rather than actually owning some of the cryptocurrency.

Anyone with the foresight to invest £1,000 in bitcoin back in 2010 would be worth a staggering £14.5 million. The price of bitcoin has dropped rather dramatically from the dizzy heights of December 2017, but most analysts believe it has leveled out now. This means there are excellent trading opportunities for those with a strong stomach for risk.

Spread Betting and CFDs

The most common way to speculate on bitcoin is via spread betting or CFDs. Spread betting lets you speculate on whether the bitcoin market will rise or fall. CFDs is a contract for difference between buyer and seller, so you are speculating on the underlying market price of bitcoin. Both trading strategies are leveraged. You can bet a small amount but gain exposure to a much larger market. If you make a smart trade, it is possible to make a lot of money, but if you get it wrong, your losses will be much higher than your initial trade.

Bitcoin Options Trading

The other option you have is bitcoin option trading. The downside is that bitcoin options are expensive, as bitcoin is extremely volatile. Options prices are subject to Implied Volatility. The higher IV goes, the costlier a bitcoin option becomes. Acceptance of bitcoin trading is growing. Last year, the Chicago Mercantile Exchange announced it planned to launch bitcoin futures in late 2017; these are now live.

For an experienced trader, making a profit is not too difficult. It’s a case of following the news and being alive to market fluctuations and their underlying causes. For example, back in February, Business Insider reported that bitcoin was trading at a premium in South Korea compared to the US, which represented a golden opportunity for traders to buy bitcoin in the US and sell it in South Korea.

Currency Exchanges Vs. Online Trading Platforms

Bitcoin trading is commonly conducted via cryptocurrency exchanges, but this is not necessarily a smart strategy for traders. Bitcoin exchanges are unregulated and there have been some high-profile hacks in recent years. Your money is not safe, even when it’s stored in a secure crypto wallet. Using an online trading platform is much safer. You can execute trades immediately and potentially make a profit even when the markets are in reverse.

It is important to be aware that bitcoin is volatile, so if you decide to trade in the crypto markets, be prepared for a rocky ride.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Bitcoin

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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Bitcoin

How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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