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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.

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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