TRADE BITCOIN WITH CAPITALIX
Bitcoin is probably the most famous cryptocurrency in the world. For many people, it is probably the only one that they have ever heard of. This makes sense as it is by far the largest token by market capitalization, but what do most people really know about Bitcoin other than its name?
As traders, Bitcoin is an asset that you should definitely learn more about. Bitcoin is not a trade for those who like to play it safe as the crypto market’s volatility means that big swings are much more common than in more traditional markets. If you like to trade with a level of calculated risk, however, Bitcoin CFDs on Capitalix could be the perfect addition to your trading journey.
Where did Bitcoin come from?
The story of Bitcoin is a fascinating one. It first came to the attention of the wider world in late 2017 when a huge wave of interest in this digital currency saw its value skyrocket to $20,000. The story of Bitcoin started much earlier than then.
In 2008 a White Paper written by Satoshi Nakamoto introduced the concept of Bitcoin; a peer-2-peer electronic cash system that would complete its transactions on the blockchain with no 3rd party involvement. At the time only a handful of people would have paid any attention to this idea. Less than 8 years later, this “idea” had a market capitalization of over $300 billion. The craziest part of this story, to this day nobody knows who Satoshi Nakamoto actually is.
How to trade Bitcoin on Capitalix
The Bitcoin story is a wild one, but the most important thing to focus on now is how you can make winning trades with this asset on Capitalix.
In many ways, trading Bitcoin CFDs is similar to trading forex. The pips in forex mean that the currency pairs market is always an active one and by using leverage on your trades, you can really take advantage of even small movements in price.
With Bitcoin CFDs, you get to use leverage too and the high volatility in this asset means that there are many great trading opportunities available. Although you must always remember that while using leverage increases your chances of making big gains, it also means that you could accrue losses quicker if the trade goes the wrong way.
As with all Capitalix instruments, on the Bitcoin CFD, you have a whole host of trading tools at your disposal. This means that those who prefer technical analysis over fundamental analysis will have all the resources they need to enter the market at the right time and execute those winning trades.
Diversify your portfolio with Capitalix
Bitcoin is one of the most popular assets with new traders because of its high volatility. This is great if you like to make trades that will often open and close on the same day, but it is important to remember that the best traders understand how important diversification is to their portfolio.
At Capitalix, we’ll be very happy to help you grow on your Bitcoin trading journey but bear in mind that there are plenty of other markets and instruments that we offer too. This way, you can have the fun and excitement of Bitcoin but then balance that out a little with something a little more traditional and less volatile.