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Differences between Investing vs Trading
Differences between Investing vs Trading
Bitcoin has been one of the most talked-about types of investment since being introduced in 2009. The way that new coins are mined by users and the limit of 21 million coins that can be produced means that it’s a very different model from most types of investment.
Indeed, some critics have called it a speculative bubble and suggested that the Bitcoin price has reached unsustainable levels. However, the huge levels of volatility and potential for future price increases have encouraged people all over the planet to purchase or trade Bitcoin.
Set up as a decentralised currency using open-source software by the mysterious figure known as Satoshi Nakamoto, Bitcoin quickly grabbed the imagination of the public. While these virtual tokens can be used to pay for goods and services, many people have decided to hold onto them for investment purposes.
The astonishing increase in the price of Bitcoin since its introduction is one of the most remarkable success stories in the modern financial world. The low Bitcoin price in the early days can be witnessed by the fact that the first-known commercial transaction saw 10,000 coins used to buy a couple of pizzas.
It was the start of 2011 before a single Bitcoin was valued at a US dollar. When 2013 ended, the cryptocurrency’s value had risen to $13. If we fast forward a year from there, the price of Bitcoin had rocketed to $1,000.
Since then, the record price has been broken on numerous occasions, as barriers such as $10,000, $20,000 and $50,000 have fallen. It’s worth bearing in mind that the highly volatile and unpredictable nature of Bitcoin has resulted in price crashes at various points, as well as massive increases.
There are many differing opinions over the true value of Bitcoin, and the high levels of volatility suggest that this will continue to be a source of debate.
Bitcoin can be purchased directly from online exchanges and brokers, to be stored in a secure wallet. As we have seen, this currency is extremely volatile, so buying it in this way could lead to your investment fluctuating widely.
For some investors, the CFD approach may be attractive due to the lower level of complexity, as they don’t need to worry about the security of their tokens or dealing with exchanges.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
How to trade Bitcoin?
Bitcoin trading is a way to make money by speculating on the price of Bitcoin, either through buying and selling Bitcoin directly or through derivatives products. The process involves setting up an account with a cryptocurrency exchange that allows you to buy and sell Bitcoin, as well as other digital currencies. You can then use this account to place orders for buying and selling Bitcoin.
When was Bitcoin released?
Bitcoin was released as open-source software on January 3rd, 2009. It is the first decentralized digital currency and it has no central bank or single administrator. Bitcoin transactions are verified by nodes through cryptography and recorded in a public distributed ledger called a blockchain. Transactions are conducted between users directly, without an intermediary.
What is the future of Bitcoin?
The future of Bitcoin is difficult to predict, as the cryptocurrency continues to evolve and remain unpredictable. The continued growth of Bitcoin has made it a popular asset class for investors, who are looking for potential returns on their investments. As the market matures and more regulations come into effect, we could expect the price of Bitcoin to become increasingly stable.
How to monitor the Bitcoin?
In order to monitor the Bitcoin, it is important to be conscious of the current market conditions. This means that users should be aware of how the price of Bitcoin is fluctuating and what other currencies are being traded against it. Additionally, tracking news releases and industry developments could help inform decisions about when to buy or sell.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.