Bitcoin (code: XBT or BTC), a crypto-currency based on a cryptographic protocol, is an electronic cash system not dependent on any central authority.
Introduced in 2008 by Satoshi Nakamoto, a pseudonymous developer, Bitcoins are transferable through a
smartphone or computer without an intermediary financial institution.
The Advantages of Bitcoin Trading:
Bitcoin trading offers traders an easy avenue to earn profits. Several enterprises offer exclusive Bitcoin trading
platforms for all classes of traders and investors.
Traders Can Profit Due to the Constantly Fluctuating Bitcoin Rate
Since bitcoin values are prone to wild intraday swings, traders can book huge profits. Considering that bitcoins are
traded worldwide, and Bitcoin mobile trading facility is available to traders, bitcoin transactions are easy and fast.
The Disadvantages of Bitcoin Trading:
Trading in bitcoin or any other currency is certainly a risky proposition. Listed below are some of the disadvantages of bitcoin trading.
Governments May Ban or Regulate Bitcoin
Governments of some nations may ban or regulate the use of bitcoin as a currency due to its use by unscrupulous
people. Though the possibility of this happening seems remote, there is a slight chance that some governments may adopt this draconian measure. The biggest fear for bitcoin traders is the attempt by regulators to restrict its use.
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