The cryptocurrency theme has been extremely alive recently, ever since the Bitcoin price hit the mark of $10,000 in late 2017. It seems that no one can deny the increasing public awareness of digital money and the mainstream media interest in this phenomenon.
Interestingly enough, Bitcoin and its peers have travelled a long way in the public’s minds – from something that belongs to the dark side of the web, to a highly promising currency of the future.
Some say it’s a herd mentality, others call it a bubble, but there’s no mistaking the facts: popularity of Bitcoin grows with every passing day, and it is reflected in the changing of its price – skyrocketing or crashing down, depending on the latest news.
Anywaythe markets are flooded by people wanting to buy Bitcoin. Even though compared to traditional asset classes, like commodities and stock, cryptos appear risky: they exhibit substantial volatility and no one can ever predict how the situation will unfold.
But there exists a more certain way to benefit from short-term price fluctuations of cryptocurrencies – the one which does not involve actually buying them. And here’s how it works.
Financial instruments help benefit from the Bitcoin price trend
The opportunities existing on today’s web allow investors to take advantage of price fluctuations without buying the actual asset. This is done via online investment platforms, like Olymp Trade - providing access to financial markets on around-the-clock basis.
All you need to join a digital currency world is an internet-connected device and a minimum $10 deposit. The mechanism is quite simple: you make a forecast choosing from between 2 options – whether the price of Bitcoin, litecoin or another virtual money will increase or go down. The decision should of course be based on understanding of the current market situation.
In this way, you eliminate a number of risk factors for yourself – such as a potential drop in value of Bitcoin (which is quite painful if you actually own it), or the uncertainty coming from decentralized and non-regulated nature of cryptocurrencies.
If your forecast proves right, you receive income that depends on the amount of your investment in the transaction, and profitability rate of this asset (you always know this rate in advance, before entering the deal). The other important thing is expiration time of your investment deal, and this is something you select yourself – at the start.
Crypto asset investment opportunities with Olymp Trade
The Olymp Trade company has provided high-quality services in the online investments segment since 2014. The independent web platform - a fully in-house development - is popular with almost 20mln. traders from more than 20 countries of the world.
It offers a good choice of assets for any trader’s taste – their total quantity is around 70. Recently the list of crypto assets, available for trading on the Olymp Trade platform has been expanded. It now includes Bitcoin, Bitcoin Gold and Bitcoin Cash, litecoin, Ethereum, Ripple and 6 others. Otherwise, you can still invest in Apple and BMW stock, indexes like Dow Jones and NASDAQ, commodities and currencies.
Everything you need for trading will be right at your fingertips: a conveniently designed chart, customizable into 4 different types (area, bars, Japanese candlesticks, Heiken Ashi), a set of helpful indicators (SMA, MACD, RSI, Stochastic and a dozen others), technical analysis window. The interface is very transparent and user-friendly, not overloaded by any complicated features – so you are never leftguessing what could be the next step.
You can open a position in Bitcoin for as little as $1. The maximum investment amount is $2,000, or $5,000 in case you are a VIP trader.
How to tell a good investment platformIJ
If you are an experienced online investor, probably this is no big question for you. There is a number of obvious advantages you will rely upon when choosing the company that provides access to financial markets.But if you are a beginner trader, it is the issue worth checking at the very start.
On Olymp Trade platform you can invest with profitability reaching up to 80% in a Standard account, 92% in a VIP account.
Online investment is a business available to ordinary people, and it does not require a PhD degree in economics and finance. At the same time, learning to understand the market is indispensable to your success. A good platform cares about it, and will always provide access to educational content. On Olymp Trade website, in particular, you will find a big knowledge database consisting of video tutorials, articles and webinars – some of which are accessible directly from the trading chart.
Olymp Trade allows to get to know the market dynamics of cryptocurrencies and other assets, practice the strategies you have learnt – without the risk of losing money. You will be provided with a demo account (10,000 demo units) for free use, whenever you need it.
Every time you have a question, the tech support department will be at your disposal 24/7.
Olymp Trade is a winner of 6 prestigious industry awards, including le Fonti and Show FX World. The company’s activities are supervised by the International Financial Commission.
Depositing and withdrawal of funds is made via a number of ways – bank cards Visa and Mastercard, e-wallets like Skrill and Neteller. All transfers are made at no extra cost for the investor (Olymp Trade company bears all commission fees), and withdrawals are normally processed within 24 hours.
So, if you are interested in trading and keep up with the most cutting edge technologies – you may well prefer to invest in crypto assets, like Bitcoin or Ethereum. No doubt, it is essential to study peculiarities of each asset, as this is a key to making correct forecasts. A professionally designed and user-friendly platform will help you with the rest. No matter what your exact asset preferences are – you can always discover more opportunities for profitable investment with Olymp Trade !