Bitcoin as other cryptocurrencies is HOT! Everyone is talking about it and many people are mining or trading it. We will focus on trading. Usual way to trade Bitcoin would be to register at one of many exchanges and then start trading. This has a significant downside and that is you need to wait for certain time period for cryptocurrency you invested in gains more value. There is always danger that after months of waiting it actually loses value causing you losing your money. That’s why many traders prefer trading cryptocurrency options. 24Option Bitcoin trading is just that – trading Bitcoin options.
24Option Bitcoin Trading – Why Options And Not Bitcoin Itself?
If we take a look at what institutional traders and exchanges are doing we can see that they are also going after options rather than cryptocurrencies themselves. CME and CBOE, both well-known exchanges from USA are offering Bitcoin futures for trade. Futures are nothing else than options. At this time New York Stock Exchange – the biggest stock exchange in the world has applied to SEC to allow it to list Bitcoin ETFs. ETFs are nothing more than special kind of options. You can read more about that in this article.
Institutions are going for options rather than cryptocurrencies themselves. Why is that so? Many believe it is due to the novelty of crypto market, others claim that’s because crypto markets are very volatile, thus it is easier to make money on price changes rather than on holding the asset.
Source: Optionsmarketcap.com – Bitcoin price and market cap in the
24Option Bitcoin Trading – What Is The Future Of Bitcoin?
There are many different opinions on this subject. Sometimes it turns into heated debate. One side claims Bitcoin is fraud or at least a bubble, others are celebrating Bitcoin as first cryptocurrency and blockchain as technology. On one side prominent figures life JPMorgan Chase chief executive Jamie Dimon and Jeremy Grantham, co-founder of the GMO investment management firm think Bitcoin is not here to stay. On the other side more and more investors, funds and exchanges are starting to deal in cryptocurrencies and crypto options. Everyone needs to form own opinion on this matter.
24Option Bitcoin Trading – Conclusion
Whatever is your answer to the question from above, trading options might be good idea. With options you can make money whether the price goes up or down. So it doesn’t really matter what is happening on volatile markets such as crypto market. As long as you predict the price movement correctly you are in profit.
If you are into cryptocurrencies and if you are well informed about Bitcoin you can utilize that knowledge by trading options. Trading options works fast, it can give you returns practically every minute. Don’t miss out on this opportunity to make money. Click on the button below the text to create free account at 24Option and start trading. Good luck!