The volatility of Bitcoin has returned as the long-term currency’s chances of success increase
After the disappointing year 2018, the cryptocurrency markets are back on track this year. Since the beginning of April 2019, Bitcoin increased by 125%. In May alone, Bitcoin rose 65%, reaching $ 9,000. Then it went down 15% in just two days.
The total capitalization of cryptocurrencies is considered to be very volatile. In just a few hours, $ 25 billion was lost and it is estimated at around 250 billion in total. It is difficult to trace this account and, it makes little sense, since Bitcoin itself consists of more than half of the capitalization: $ 140 billion.
The altcoins tend to follow the leader but are even more unpredictable. What a great time for trade!
Operations that you could have done using your knowledge
Cryptocurrencies are perfect for trading CFD with leverage. First, people who are connected to the Blockchain community can capitalize on their knowledge. An example is that the 20% jump by Bitcoin in a matter of minutes was predicted by a Twitter analyst the day before. Operators who could connect the points could also benefit from Ethereum and Ripple as the coins followed Bitcoin.
There were also some simple explanations for the six-week BTC rally that allowed the currency to skyrocket to over $ 8,000, while more careful observers could have linked the trend with Bitfinex and Tether. Such observations made some merchants very rich.
For cryptocurrency enthusiasts, Bitcoin and altcoins such as Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and Ripple are excellent for leveraged operations.
A great application for trading with a leverage
You can use this type of information to open long and short positions of these currencies and earn money when the market goes up or down. You do not have to risk a lot of money, since trading applications like SimpleFX allow you to operate with high leverage. You can open a $ 100 position with only $ 1 in your account.
Yes, it is not an error: only with a dollar, since there are no minimum deposits in SimpleFX.
Recently, SimpleFX added accounts from Monero and Ethereum Classic. Now you can deposit and withdraw funds using seven different cryptocurrencies: Bitcoin, Bitcoin Cash, Dash, Ethereum, Ehereum Classic, Litecoin and Monero.
Trading with leverage in a growing market
Bitcoin survived the fall between 2017 and 2018, recovering its value at present. With every bubble in the cryptocurrency markets popping blockchain technology is more likely to stand the test of time. This is called the Lindy effect theory.
Whatever the future, it is a good time to exchange cryptocurrencies, and anyone interested in the subject can use their knowledge and ideas to make money quickly.
You can open a fully functional demo account in SimpleFX WebTrader designed for mobile devices. If you wish, you can deposit any amount you consider and get some real world profit.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin