Bitcoin price very volatile
On this website you will find a lot of information about the Bitcoin (BTC) price. The prices of most crypto currency, thus also the Bitcoin price, are very volatile. This high degree of fluctuation makes Bitcoin promising, yet also quite risky. We have all heard of the enormous price gains, achieved by the ever rising Bitcoin price. But rates never go up all the time. A high degree of volatility works two ways and that’s what Bitcoin investors and traders should take into account. So do make use of the opportunities, but only use money that you won’t miss when it’s gone.
Trading Bitcoin can be done in different ways. The crypto coins can be purchased directly through specialised online-dealers. A reliable place to buy and sell bitcoins is Coinbase.
Another way to benefit from the rising (but also falling) Bitcoin price, is by opening an account at a CFD broker, offering crypto currency trading. An example of a good, reliable CFD broker with a huge range of crypto currency is Plus500*. At Plus500 you will trade while being assisted by CFD. This is a leveraging product. This means that each rise or fall of the Bitcoin price will be multiplied by a factor X. This is rather risky and therefore it would be wise to first practice, free of charge and without obligation, using a demo-account. Read more about Plus500 in this Plus500 review.
*Risk warning: 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500UK Ltd authorised & regulated by the FCA (#509909).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents.
Bitcoin was the first crypto coin, but meanwhile it is one of many. Yet Bitcoin’s popularity is still increasing. Particularly during the first six months of 2017, the Bitcoin price has risen spectacularly. It is hard to predict where the price of Bitcoin will go in the short term. In the long term, we are convinced about the added value of Bitcoin and of the crypto currency in general. Should Bitcoin however become mainstream, then the rate could rise even more. Experts are predicting targets of up to $10,000 or even $500,000 per Bitcoin.