WHAT IS THE VALUE OF BITCOIN? | Real Estate Investor turned Crypto Trader Carl Dy joins us in this 3 part Bitcoin episode as we talk about the basics of Bitcoin and its value and we push deeper later in the series into technical analysis for Crypto trading.
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A Guide to the Economics of Bitcoin.
Bitcoin’s price has been on a wild ride since its inception. 2017 alone saw massive gains, starting the year at under $1,000 and, at its peak, breaking $19,000, according to industry site CoinDesk. Then we saw a deep fall in 2018 and stability in 2019. What drives its value and why does a significant market still invests heavily in it is a question non-believers often ponder. This piece tries to address this query and help us understand the value behind Bitcoin or any Cryptocurrency. We are looking at a time where the mode of payments are changing in a short span of time.
From e-wallets to payment applications, the ways one can trade have multiplied but for trading commodities, the number of innovations can be counted on fingertips. The value behind Bitcoin or any cryptocurrency is often less understood by the larger audience. This also comes from the fact that people don’t understand the value behind a FIAT currency. As the popularity around Bitcoin and other cryptocurrencies rises and there is a rise and fall in their pricing, many have this question: From where does Bitcoin get its value?
What Is an Intrinsic Value?
An intrinsic value of a commodity is a value that a product possesses in itself. It does not require an additional source to provide it with a value. Eg: Sweetness is an intrinsic value of sugar. Every commodity earns its value if there is a price that people would pay to obtain it. Today, we accept any fiat currency in exchange for goods or services as we understand that in turn, the fiat currency can be traded again to obtain other goods or services.
Well, certain currencies that are backed by precious metals like gold and silver have an intrinsic value. But, today most of the global currencies are Fiat Currencies. A commodity to be valuable hence needs to be exchangeable for a similar value. The commodity also must be able to
Turning A Trading Idea Into A Trading System in Forex
Before back-testing may start, your trading thought needs to be flipped into trading principles that are objective, reproducible, and also equipped to be more optimized. One common error is to attempt and back-test a trading plan or thought that’s based on subjectivity.
The Importance Of China To Forex Traders In Currency Trading Opportunities
China is critical to currency traders in evaluating currency-trading chances. This article gives a review of significant China improvements which each trader should be aware of.
6 Benefits of Investing in Cryptocurrencies
The birth of bitcoin in 2009 opened doors to investment opportunities in an entirely new kind of asset class – cryptocurrency. Lots entered the space way early.
How to Deal Low Volatility Days in Forex Trading
High volatility is a prominent feature of Forex trade. Traders and investors feel a thrill to deal in the high volatility days. Different strategies are applied to earn profit. The excitement goes beyond measure and it is a test of your trading abilities.
Strategy of Foreign Exchange Trading Today
Do you value your time and money? If of course, after that Foreign exchange is a simple source that will certainly assist you to increase your revenue of your service. Forex money trading is the modus operandi where you can have better return on your investment. There is no question that Forex is considered to be the primary gamer in the monetary market. It is the hassle-free way where one can trade International Money.
Forex Trading Forums for Trading Knowledge
It is said that knowledge and success are directly proportional to each other. More knowledge makes a person reduce the risk and achieve success. Knowledge in Forex trading is especially crucial. Stats say that as much as 80-85% Forex traders do not see success due to being ignorant.
3 Beginner’s Steps to Become a Forex Trader
Issues arise if new traders become obsessed with pursuing gains, and this stress may result in mistakes that cause declines. Therefore, the primary guideline for becoming a trader would be to overlook unrealistic targets and objectives; the possibility of making money in currency with merely a couple of fast trades will be implausible. Running at a risky and overconfident manner can lead one to reduce your first investment.
How To Define A Successful Trader
Being a Forex trader allows you to work from nearly any place with an internet connection. Hotel rooms, cafes, and-thanks to the latest technological developments-even more, distant corners of the world. Forex traders are blessed with strong growth potential, and their lifestyles can undoubtedly offer a lot of enjoyment. But if you’ve ever taken this path, you know this gift does not come easily. The sooner you start, the faster you’ll get there. So why not start trading now?
Learn How to Become a Successful Forex Trader
Forex Currency trading is available, enjoyable, enlightening, and provides traders plenty of chances. Despite this, most traders don’t understand how to become successful traders and not attain excellent effects within this marketplace. A large proportion of Forex traders have been losing cash. Learning how to trade Forex and studying how to trade generally can be challenging. Therefore we’ve made this informative article for you.
Factors One Should Consider Trading Maxican Peso in Forex Trading
Forex trading involves the trade of many currencies. Currencies fall into different categories. Some are most actively traded while others have slight trade. Maxican Peso(MXN) is now ranked at eighth position in world liquid currencies. Obviously it is not that widely traded as the USD, EUR or JPY, yet it is highly liquid in the markets of Latin America. In the past few years, Maxican Peso has attracted the traders all over the world. It has become a vital financial instrument. It has evolved from a sleeping underdeveloped currency to one of the ten most traded currencies.
3 Reasons to Hire the Services of a Forex Broker
If you are looking for an excellent way of putting your money in a business, we suggest that you check out Forex trading. Making great return on your investment dollars is possible provided you have the skills and knowledge. In fact, the lack of these two things is the reason most people stay away from FX.
8 Mistakes To Avoid In Forex Trading
It’s exciting to trade in the FX market, especially if you have access to the Internet. All you need to do is open your trading account to get started in the biggest financial market of the globe. However, if you commit the following common mistakes, you may find it difficult to achieve success.