Deciding to invest in Bitcoin, being a digital currency is advantageous, but for this feature could still be a hazard. The volatility is very high, and as there is the possibility that the gains increase, as a consequence there is also the possibility to increase the risks.
Today it is possible to buy and sell cryptocurrencies and invest in Bitcoin, through the many brokers that are present on the web. There is also the possibility to buy Bitcoins without owning them and, therefore, with the possibility of changing them, for example, in dollars.
To invest in Bitcoin, derivative financial instruments are used, which are useful for speculating on changes in the value of Bitcoin. Since it will be decided to invest, it will be good to do it on Online Trading Brokers for Binary Options, regulated, certified and, therefore, that are safe. Bitcoin is usually traded with a Bitcoin / Dollar cross, but not all brokers offer the possibility to select this type of asset.
Doing operations with Bitcoins with Binary Options is very simple , because it behaves like all other types of assets, takes place in the same way, therefore, simply select between the Bitcoin assets and then make the forecast, or bet on the upside or on lower than the current currency price; then you must choose the amount to be invested; and then select the deadline; and finally, it will only be necessary to wait for the fulfillment of the option.
If at the end of the operation the transaction has been successful, that is, in the event that the option will close in The Money, it will be possible to withdraw the profit.
What are Binary Options?
The Binary Options are a specific type of trading, which make it possible to speculate on the fluctuations in the value of an asset, and such oscillations are graphed. The market price of anything varies with the demand and supply, therefore, the value of any asset such as currency, raw material, changes as more people are willing to buy an asset, and consequently the price of this will increase, and vice versa, if the good will not be bought the price of this will come down.
To invest in binary options, all you have to do is predict if the price of the asset will go up, that is, Call; or it will go down, that is, Put, at the time of the expiry of the option that has already been previously established.
There are different deadlines to choose from, you can go from 30 seconds up to the annual deadlines, passing, therefore, for those hours, daily, weekly and monthly. Once you have bought the option, then, you will only have to wait for the deadline, and logically if the forecast will be right you will receive a profit.
The binary options are, therefore, an alternative way to obtain earnings, but keep clear in mind from the outset that this is not a simple method, to be taken lightly, but it will require a good education, study and, therefore, to become a professional trader, you will have to practice a lot.
Among the advantages of Trading with Binary Options there is, for example, that there are good percentages of income; and once the features are well understood, the use will be very simple; as an initial investment it does not require large sums, therefore, it is within the reach of many; plus there is the possibility of obtaining earnings in no time, and much more.
Do not neglect the emotional and psychological aspect, because this will also influence when decisions are made, both positively and negatively.
What are Bitcoins?
The Bitcoin was the first cryptocurrency, or rather a digital currency, which can be sent via the Internet. Moreover, it is decentralized, that is, you can transfer cryptocurrencies from user to user without undergoing the control, for example, of banks, and this also entails lower costs.
It was issued for the first time in 2009 by Satoshi Nakamoto, whose identity is still unknown.
Its implementation is based on the principles of cryptography to make valid transactions and the generation of cryptocurrency. Even with digital currencies, as with classic currencies, you can make online payments securely. The maximum number of Bitcoins can already be established, that is, 21 million, making it so limited as, for example, oil.
Bitcoins can be produced online by anyone, they are the so-called miner, which support the cryptocurrency network, receiving a fee in Bitcoin for the work done.
This is a process that is performed by the computer and consists of the result of complex calculations that allow you to validate the transactions that take place within a decentralized network. All this happens with the mining, that is, they are very powerful computers that make the necessary calculations, generating blocks to which the transactions are linked, in a single register called blockchain.
To undermine, you need very powerful computers and, therefore, you can not use simple computers, you need specialized machines, and there are also mining pools, where groups of minerals are combined to put together the power of calculation and then divide the earnings, and to which one can join.
And to make purchases? How does it work?
To make purchases, to transfer cryptocurrencies to other users, and receive or convert them, for example, into dollars, you need to open a digital wallet.
Today there is the advantage of being able to install both on the computer, both on the phone and on the tablet, that is, on any electronic device that has the ability to connect to the internet. There are, therefore, portfolios for any operating system and any device, just access the page of manufacturers to download the application. Specifically, with the digital wallet, you can access the BlockChain or blockchain, create private keys, and digitally sign the transactions that will be executed.
Over the years the use of cryptocurrencies has grown more and more, this is due in particular to the fact that payments made online are protected, secure.
Among the advantages that the Bitcoins present, is that they can be used in all the Nations, and the transactions take place in a protected way, nobody can interfere.