How to trade Bitcoin?

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Bitcoin is probably the most famous cryptocurrency, especially after its phenomenal growth in 2017. Launched in 2009, Bitcoin was the first decentralised cryptocurrency that opened the way for many other cryptocurrencies using the same Blockchain technology. This success has made Bitcoin a popular investment tool for many traders as they begin to trade and seek to diversify their activities with a new and exciting financial instrument. By this article we gathered shortened info on all about Bitcoin trading.

 

How to own and trade Bitcoin?

When trading Bitcoins as an owner, you need a bitcoin purse to store the bitcoins in digital form on some device. There is a wide range of such wallets and it is with their help that the process of exchange. Cryptocurrency exchange is the place where sellers and buyers trade. Buying a Bitcoin can be quite risky given its extreme volatility. After an exponential explosion in 2017, today the cost of a Bitcoin can fluctuate by hundreds of dollars per week. Since Bitcoin has only recently gained popularity with a wide range of customers, analysing its market behavior for investment decisions can be difficult. Thus, caution should be exercised in studying this method.

Bitcoin margin trading

Bitcoin margin trading is the best way to leverage position, thus increasing profits. Stormgain is all about Bitcoin trading. Stormgain supports the leverage with 200 times multiplier, in long and short positions. This means you can speculate on price movements of the cryptocurrency against the ordinary currency (its value will rise or fall). If the price moves in your direction, you make a profit, and if it moves against you, you make a loss. Stormgain offers you a quick and easy way to margin trade Bitcoin and provides one of the biggest leverages among crypto exchanges. Modern trading tools that you can use to analyse the Bitcoin market are offered by the platform. Using trading tools will let you make more informed investment decisions.

 

Trading strategy

When developing a trading strategy, it is important to remember that the cost of bitcoin is determined solely by supply and demand. Due to the decentralised and completely unregulated nature of the Bitcoin, it can be very volatile. Notwithstanding the above, it is still possible to analyse price dynamics and make informed investment decisions. You simply need to adapt your trading strategy to the volatility of the bitcoin and be prepared for significant fluctuations in its value during the investment and market analysis.

Trading Bitcoin on a mobile phone

It is now possible to trade Bitcoin through Stormgain mobile application for iOS and Android. It allows you to trade six major cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and USDT. Stormgain offers greater trading flexibility and is therefore perfectly suited to the rapid nature of the Bitcoin market. It is also possible to access multi-currency crypto wallet from a mobile device. This means that you can buy bitcoins and store them on your smartphone, as well as margin trade Bitcoin and other cryptos from one device. This will help you diversify your investment portfolio and reduce your overall investment risk.

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