What awaits bitcoin and how can you profit on it?

What awaits bitcoin and how can you profit on it?

Today, the situation around cryptocurrency can be compared with tulip mania, which was observed in the 17th century. The simply fantastic growth dynamics of quotes, the craze in mining this tool, and high activity of investors are only a few factors that are contributing to the popularization of this cryptocurrency and increasing its value in the financial market. But if we ignore the hysteria about the bitcoin, and with a cool head look at the technical indicators and drivers that are pushing the market in either direction, it is possible to determine for yourself the list of most profitable approaches for profit on changes cryptocurrency quotes. And this is what we are doing now.

So, if you glance at the financial asset quotes graph, you can see an interesting picture for investors:

Of course, the first is a rapid increase in value over a sufficiently long period. But at the same time, we see parts of the graph where cryptocurrency value has decreased significantly. Many factors are attributed to such sweeping movements and a sharp increase in the volatility of the market. Firstly, many specialists now associate the price growth of the bitcoin with banal promotion of this tool as a means of pooled settlements and tax evasion. Secondly, the cryptocurrency is rising in price due to the entry of investors from Asia, where this tool has been recognized as an official means of payment. If we analyze the downward kickbacks of quotes, there are also several logical drivers present – profit-taking, resulting from the growth of quotes, technical issues of cryptocurrency that can, according to many experts, lead to a real war on the bitcoin market, and thirdly, statements from reputable financiers about blockchain technology. They claim that this is the next financial “bubble” that will burst soon, and all investors will lose their money.

You must agree, on this basis, we can say that the cryptocurrency market awaits chaos and collapse. There’s no truth to this at all! The prospects are quite attractive and can provide profit. The reasons are simple:

  • Technical problems with bitcoin should be solved today with the introduction of the new SegWit algorithm, which will expand the block size and limit of transactions. This will remove all the problematic issues that cause panic and cryptocurrency miners
  • Market kickback from the highs of the year will soon be over, and the electronic currency will start to grow. Most experts easily explain this by seasonal fluctuations in the cryptocurrency value. The main investors of the tool carrying out direct investment in bitcoin are traders from Asia, who in the summer significantly reduce their activity in the market, which led to a drop in prices. But autumn is around the corner, and many investors will want to repeat the success of the spring!
  • Many states with developed economies are now seriously considering recognition of cryptocurrency as an official means of settlement is further flaming interest in bitcoin

All of these assumptions and indicators allow us to determine the most profitable and effective method of obtaining financial profit on cryptocurrency binary options. The beauty of this tool is as follows:

  • The high level of profitability of trading contracts on bitcoin quotes. For example, Binomo offers stake options on the asset with a yield of up to 83%:

  • The simplicity of the process of obtaining contract results is a simple stake on the rise or fall of the price of an asset without taking into account the rate of change of quote indicators, only the direction and minimum shift of prices towards the trader forecast.
  • The rate of binary options contract income has a clear time limits. The expiration range of the option may be from 1 minute to 24 hours. At the same time, the expiration period of the option is set by the investor himself.
  • The overall profitability indicator of binary trading can increase its capital by 100% within 1 working day
  • Minimum financial investments at the start – for the beginning of trading, a capital amount of USD 10 is required, which is a sum affordable to all investors.

On the basis of this, cryptocurrency is becoming a most productive asset for binary trading, which, due to its volatile fluctuations of quotations, can give the highest financial performance for investors.

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