Bitcoin Trading In 2020

Why Bitcoin is Continuing to Climb, from More Solid Ground Than Ever

Last night saw Bitcoin price once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and pulling along with it several other primary cryptocurrencies, including Ether, Litecoin, Ripple and Dash. Beginners wishing to learn how to trade bitcoin and altcoins in 2020 should open a free demo account with Etoro.

A Significant Moment for Bitcoin Traders

January 2020 is certainly proving highly significant for Bitcoin. The sharp increases and painful falls of the past pale into comparison with now, as the current increase seems to come from a far better established position with much more stability. Furthermore, the activity around Bitcoin trading is expanding in exchanges, banks and other financial institutions, together with its legitimacy and relevancy.

World Economic Forum

Last week, at the World Economic Forum annual summit at Davos, Switzerland, Bitcoin, cryptocurrencies and blockchain technology were honoured guests. Many of the billionaires, bankers and treasury ministers who gathered in Davos are still fairly skeptical about the decentralized economy, but despite this, they also realize that they cannot stop it.

The World Descends into Chaos, And Bitcoin price is on the Rise

It seems that the more agitated the world agenda, the more Bitcoin's popularity grows, and strengthens its status as a hedge against the traditional markets. The continuous climb of the stock exchanges is increasing concerns of a coming crisis, but in January there were new worries blending with the slow growth in the global economy, the unstoppable printing of fiat money, and the huge debts in the balance sheets of the biggest countries.

The Age of CBDC

One important sign of the growing recognition in the cryptocurrecy market are the discussions about national digital money, dubbed Central Bank Digital Currency (CBDC). The Chinese are continuing to prepare for a launch of a digital Yuan later this year. As expected, from the moment China announced its intention to launch CBDC in 2020, many countries that had previously been at a standstill on the issue, have now stepped up their efforts. Canada, England, Japan, Sweden, Switzerland and the EU have set up a CBDC launch group, and other countries are also moving towards this.

While CBDC is not a cryptocurrency, and in some ways is actually the opposite of crypto due to its centralized control by governments, it has a very positive effect on the decentralized market. CBDC speeds up the understanding among users and decision-makers at the government and financial level about the digitization process that is underway in the investment and payments world. One of the clear, albeit somewhat concealed, motivations driving central banks and governments to issue CBDC is to compete with the usability and innovation of crypto. They fear the moment when the public will increase the usage of the cheap and efficient solutions that the cryptocurrency world can offer.

Furthermore, the platforms that will be built to distribute CBDC are expected to enable collaboration with blockchain platforms, thereby accelerating their use. The existence of government-controlled digital money is sharpening the need for financial tools that are censorship resistance, private and safe, much like Bitcoin and other cryptocurrencies.

Bitcoin 2020 is about to make headlines in all the major financial news.

Be ready.

#bitcointrading #bitcoin #cryptocurrencymarket

Etoro is a multi-asset platform which offers both investing in stocks and in cryptoassets, as well as trading CFDs.

Please note that CFD's are complex instruments and come with a high risk of losing money rapidly due to leverage.

You should consider whether you understand how​ CFD's work and whether you can afford the high risk of losing your money.

Past performance is not an indicator of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate
for all investors, Other than via CFD's, trading cryptoassets is unregulated and therefore is nt surpervised by any EU regulatory framework.

eToro USA LLC does not offer CFD's and makes no representation and assumes no liability as the accuracy or completeness of

the content pf this publication, which has been prepared by our partner utilizing publicity available non-entity specific information about eToro.

 

Risk Disclaimer:
Bitcoin UK CFD trading, ethereum and ripple XRP trading, foreign Currencies, futures and options trading have large potential rewards, but also large potential risk.
The fluctuation of the buy bitcoin UK price is very high. You must be aware of the risks and be willing to accept them in order to invest in the futures and forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. All bitcoin for beginners trading analysis, trading videos, bitcoin copy trading strategies, bitcoin trading signals and bitcoin Investment articles are for educational purposes only and should not be construed as investment advice. Bitcoin trading students and investors must keep in mind that past performance of any trading system or methodology is not necessarily indicative of future results.

 

© 2015-2021 jonosolo.com