Bitcoin, the world’s “first decentralized currency “, according to www.bitcoin.org was launched in 2009 and is filled with a number of features that make it distinctly innovative and different from other forms of payment:
The digital currency has started to gain immense popularity, with many businesses such as Amazon, eBay and Dell already accepting it as a form of payment. Unsurprisingly, Bitcoin is now featured as a ‘hot asset’ on many online financial trading platforms. However, before you choose Bitcoin as a trading asset on an online platform, there is one important aspect you should certainly be aware of.
With prices rising from $100 to $1,240 and then decreasing to around $375 in a relatively short span of time, Bitcoin quickly earned a reputation of being tremendously volatile. There are a number of different reasons for this phenomenon, but only a few will be focused upon.
Over the last year more and more governments stated that Bitcoin is likely to be regulated in the near future. Announcements made by the IRS stating that the currency should be considered an asset for tax purposes generated an increased amount of volatility. This is due to a slew of negative incidents such as the infamous Silk Road that was a platform in which Bitcoin was used in conducting drug transactions. Another troubling event was the bankruptcy of Mt. Gox, one of the very first Bitcoin exchanges. Both of these incidents and public panic rapidly caused Bitcoin’s value to plummet. However, many pro-Bitcoin investors considered these events to be evidence that the market was maturing, which subsequently drove up the value once again.
Additionally Bitcoin’s volatility can be attributed to its security vulnerabilities. The Bitcoin community will sometimes expose these weaknesses in order to produce a massive open source response in the form of security fixes. In other words Bitcoin developers must reveal these security concerns to the general public in order to generate viable solutions. Although it has produced fantastic results, Bitcoin embarked on a roller coaster ride. In April 2014 alone, the digital currency plunged over 10% versus the USD.
👉 ***Want to earn money with Bitcoin and other Cryptocurrencies without the pain and hassle of learning to trade from scratch? Imagine if you could trade and get regular results with profitable performance! Are you tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard-earned funds? If any of that rings true with you, then STOP EVERYTHING. ProfitFarmers is for you! With their software working as your Crypto Co-Pilot, YOU remain as the Pilot with total control over your money, 100% of the time. ProfitFarmers is a trading tool that combines artificial intelligence with the expertise of veteran traders to deliver high-probability trade plans right into your hands. There’s no need to spend hours trying to figure out what to trade! Thanks to their integration with Binance, the biggest cryptocurrency exchange worldwide, ProfitFarmers executes your trades from entry to exit, you just choose the trade signals you like, pick your entry price and then let your Co-pilot take over the rest of the journey. Stay informed about every step of your money-making journey through push-notifications on their mobile app. Now there’s no need to constantly worry about your ongoing trades, just let your Co-Pilot handle it for you! This could easily be the holy grail of trading tools. Forget paying a guru to trade for you and take a massive cut of what you earn. With ProfitFarmers there are absolutely NO COMMISSIONS OR FEES ON YOUR TRADES. 100% of what you earn is 100% yours to keep. Period. Last quarter, ProfitFarmers produced 1,357 trade plans, and more than 60% of them offered peak gains of over +8%. By joining ProfitFarmers, you’ll never be short on money-making opportunities. Still wondering if this is too good to be true? ProfitFarmers has a 100% Money-Back Guarantee if they don’t deliver profitable opportunities onto their platform. If you are ready to upgrade your trading game and instantly expose yourself to profitable trade opportunities, now is the time. Head to ProfitFarmers now to start trading the easier way, with your very own Crypto Co-Pilot.PS: ProfitFarmers is a Trading Tool. Your money ALWAYS remains in your Binance wallet, never on ProfitFarmers. 100% Verified and Recommended by Valforex.com.
Bitcoin offers Binary Options traders another unique way to profit. However, you should be aware of the popular adage, “an educated consumer is the best consumer”. Therefore, before you start trading this asset you should fully understand its dynamics.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.