EXCHANGE RATE OF BTCUSD ON FOREX

The traders have two ways to use cryptocurrencies. You may trade BTC or open a deposit. Today there are many brokers that offer their clients to open trading account in bitcoins. Such deposit will allow you to receive losses or profit in relation to the base currencies. You may trade too. The BTC/USD currency pair is the most popular one. The price of Bitcoin is defined by the U.S. dollars.

Why there are so many brokers offering bitcoins?

The reason for it is that the number of people wanting to work with cryptocurrencies is increasing. There are the several reasons for the interest surge. First of all, a large number of people want to learn more about the new and interesting world of cryptocurrencies. People have heard a lot about them, they just want to buy Bitcoin and keep it. Until the moment when it starts bringing high profits again.

The governments around the world pay attention to the cryptocurrencies. They admit that they cannot stop its progress movement. For this reason, they can only accept it. In some states, a full-fledged legislative base is being created for crypto.

Bitcoin has successfully established itself in the field of over-the-counter trades. People just buy it, wait a few years and get a significant profit. The profit is about tens, and even hundreds of percent. The most important thing is not to be afraid of drawdowns and not to exchange your cryptocurrency at a low market rate.

But Bitcoin is deeply volatile asset during the day. It is up to 20-50% daily. So why not to just try. You would get the maximum pleasure from such trades. BTC is perfectly suitable to the technical market analysis. Quite often specific shapes are formed. In addition, the asset prices are actively influenced by the news. For example, if a country government favors Bitcoin, then its price may be increased.

Cryptocurrency brings a high profit for a long time period. Quite often, the investor buys BTC and gets a significant drawdown. You shouldn't immediately worry and try to sell your bitcoin though. BTC has a completely different dynamic. Even a 30% decreasing in price over several days is not considered critical. It's quite possible that in a few weeks you will also receive a significant amount of profit. It is enough just to cope with your emotions and wait out the drawdown.

The regulatory uncertainty of Bitcoin creates the additional risks. For example, the price is subject to significant fluctuations. For this reason, it is especially important to choose a reliable broker. The broker that will not manipulate the price in their favor.

If you appreciate the stability and honesty, then don’t hesitate to contact us. With us you always get access to the most accurate BTC prices. If you have any questions, the experts will answer them. They are ready to give you a full consultation.

Specific moment of BTC trading

The prices change 24 hours a day. There are no days off on cryptocurrency exchanges, the price changes constantly. BTC liquidity is lower in comparison with other currencies (dollar, euro). The price is very sensitive to the news publishing. Information background has a serious impact on its price. If a large stock exchange is hacked, the prices will immediately begin to fall down.

Despite all these specific moment, you should definitely try your skill on the cryptocurrency market. Bitcoin will give you a lot of emotions, confusion will be replaced by the euphoria of a big profit.

Remember that you can meet a large number of the BTC / USD currency pair forecasts. Better not to listen to the all of them. In practice, it's much better not to listen to them, but to form levels and conduct wave analysis independently. In this case, your chances to get succeed will be maximized. But you wouldn't be able to trade successfully without a proven broker. If you don't want to see the price chart manipulations, then contact us. We’ll offer you the best cooperation terms and conditions. The time has come to discover the world of cryptocurrency. If you act thoughtfully, you can count on the high earning.