How much should I invest in Bitcoin? Bitcoin is the first digital currency that appeared in 2009, it is the largest market value among different currencies, with the largest growth in its price and value, the bitcoin unit started from less than a dollar and now reaches about 7 thousand US dollars per unit of Bitcoin.
Bitcoin trading strategies 2021, Bitcoin is one of the most important digital currencies in the currency market, except that it differs from other common monetary currencies such as the US dollar or the euro.
Bitcoin trading, Bitcoin currency It does not have a tangible physical existence like the rest of the currencies that we know in our lives, in addition to being a decentralized currency, meaning that there is no specific place or entity or institution through which bitcoins are deposited, and also there is no regulatory body for this currency.
Bitcoin is used only through the Internet, and although it does not have a physical presence, it has managed to achieve unprecedented successes in recent times.
And many people were able to achieve high levels of profits through using this currency in trading, and below we will explain the most important trading strategies in the forex market that will help you greatly when doing trading using this currency.
Brokerage firms that are interested in encrypted digital currencies around the world reach about 40 different companies and offer different digital currencies, but all of them come together to present the pioneering bitcoin in the world of encrypted digital currencies for its history first.
What are the strategies to follow when trading digital currencies (Bitcoin)?
1- Financial leverage
It is always rumored about trading in cryptocurrencies that it is fraught with risks and it can be a bubble and prices collapse in the day and night, and the issue of leverage, in this case, may be of the utmost importance to achieve profits, and despite that, brokerage companies rarely provide leverage in the first place and those who provide it about 40% only The leverage is from 1 to 30 in very few cases.
2- Long-term and short-term deals
The most important advantages of trading in cryptocurrencies are the ability to trade in two ways, long-term and short-term, and you can use this advantage to your advantage to achieve your profits well when prices move significantly.
