Skip to main content

Compare Bitcoin investment and Bitcoin trading at Primexbt


In recent months in 2021, bitcoin has broken out in value from $5,000 to $69,000, attracting a huge wave of interest from both professional and casual traders.

When participating in this volatile bitcoin trend, the first thing you need to do is decide whether to trade or invest in this cryptocurrency.The suitability of these two options depends on many factors, ranging from a willingness to take risks to a long- or short-term investment strategy.

Compare Bitcoin investment and Bitcoin trading at Primexbt

To help you make the right decision, we've listed some characteristics of both below:

Bitcoin Trading on primexbt

It is possible to speculate on the price without actually owning it

Leverage can be applied to open a position with a very small amount of money

Can trade quickly without having to wait for the exchange

It can find opportunities to sell and buy BitcoinsGreater short-term profit potential, while also higher risk

Invest in Bitcoin

Allows you to get the most out of your purchased bitcoin ownership

Must make purchases through exchanges and store in wallets

You have to risk your entire asset to open a position

Can use bitcoin to buy goods

Ideal for long-term, patient investors

When it comes to investing in Bitcoin, there are many exchanges and wallets to consider.

To trade Bitcoin, choose a broker with the best leverage on the market, tight spreads, 24/7 trading, buy/sell ability and more. 

Tired of paying high Bitcoin transfer fees? You have credit card but don't know how to buy Bitcoin? On Primexbt you can use Ether (Ethereum), Bitcoin Cash, Litecoin, Dogecoin, ZCash and DASH to fund your account! With incredibly low minimum deposits of just a few cents!

A lot of positive news with Bitcoin investing

The president of Venezuela announced last month that the country will launch its own cryptocurrency. Apparently the new monetary unit, called the “petro,” will be backed by oil and gas reserves.

see more: We've had an exciting Year in crypto on primexbt

The move comes as the Venezuelan bolivar has collapsed and U.S. sanctions have crippled the country’s ability to trade and borrow.The country is attempting to reset its financial slate by jumping on the crypto bandwagon. China, Russia and Ukraine are also seriously looking into launching cryptographic versions of their own currencies.

Comments

Post a Comment

Popular posts from this blog

Director of BIS Innovation Hub: COVID-19 reveals the value of DLT

Benoît Cœuré, director of the Innovation Hub at the Bank for International Settlements, recently said that central bank digital currencies, or CBDCs, crypto, have been “highly centralized.” amid the corona pandemic. On April 17, speaking during a webinar organized by Accenture, the Bretton Woods ReReinventing Committee and the Chamber of Digital Commerce, Cœuré said that “the crisis has revealed the value of technologies that have the potential to help the industry. economic expansion of its activities”. He also revealed that the Bank for International Settlements (BIS) is looking into tokenization or crypto as a possible solution, to restart some segments of the economy during the lockdown period because of Covid-19. Corona pandemic reduces cash consumption The head of Innovation Hub highlighted the decline of cash payments during the Covid-19 pandemic, and affirmed that the current economic situation creates a lot of discussion around CBDCs: “Central bank digital currency is being di...
Post a Comment
Read more

Bitcoin price has plummeted but still can't break through resistance!

Currently, Bitcoin on primexbt exchange is facing a strong bearish trendline resistance. Throughout the past week, Bitcoin has failed to break above this resistance line. Just like my analysis last week, when Bitcoin first hit this downtrend line, I also predicted Bitcoin to be pushed down. Figure 1: BTCUSD, COINBASE, EASY Price Chart On the daily time frame (D) Bitcoin is still at a very strong psychological resistance price area, which is a price area that many traders are interested in. As you can see in Figure 1, Bitcoin is facing the following resistance levels: - Old support becomes new resistance - Price range of exponential moving averages EMA20 and EMA50 - Touching the downtrend line So this is still in a very strong resistance area, this price area we will analyze on 2 different points of view. 1. Bitcoin continues to plummet This week I am still basing on the Bitcoin analysis from last week to make the next analysis and prediction for this week. Looking at it objectively on...
Post a Comment
Read more