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.
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.
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