Bitcoin Trading in South Africa

1. Taking advantage of Bitcoin and crypto markets during volatile times The coronavirus pandemic and the subsequent lockdowns had a dramatic impact on the global financial markets, but cryptocurrency markets remain largely unscathed. Some ups and downs are expected, but enthusiasts remain positive that Bitcoin will continue to appreciate in the next few months. Bitcoin trading offers exciting profit potential during these times of economic crisis. Most financial markets are suffering from the lockdown measures that were taken to contain the virus, but the crypto market emerged largely unscathed. Did you know that currently, the value of one Bitcoin is $6,655? A couple of years ago the famous cryptocurrency skyrocketed to record highs of $19,000 and some analysts expect that its value is to reach $20,000 per coin by mid-May, 2020. Bitcoins have an upper limit of approximately 21 million coins. This is quite a limited total supply and as demand for the currency rises, so does its price. The initial shock of the economic downturn triggered by the pandemic has reduced its prices but with a surge in digital payments, its prices are definitely projected to go up and hence, if you want to trade and profit from Bitcoin price movements, this is arguably the right time to do so.

2. Nonetheless, even with its value currently reduced by 50%, buying even a single Bitcoin can be a huge investment. Thankfully, there is a more efficient method. The different methods of Bitcoin trading One way to profit from Bitcoin’s fluctuations is to actually buy some Bitcoins of your own and if Bitcoin’s value goes up, you can sell them in order to take advantage of the price difference. People who bought bitcoins early on, right now own massive amounts of wealth. Since the value of bitcoins is constantly going up and down, you can always buy Bitcoin at a low price and then sell them at a higher price Just like any other commodity, the price of most cryptocurrencies is quite volatile and can rise and drop sharply without too much warning. The second method of making a profit from Bitcoin’s movements is by trading Bitcoin CFDs (Contract for Difference). Bitcoin CFDs are derivative financial instruments that allow you to trade in Bitcoin without actually owning any beforehand. Using a forex trading account, you can trade and profit from cryptocurrencies as well as other exciting financial markets such as currencies, stocks and commodities simply by speculating on their future price movements. Since trading is conducted online and it’s available to the public, you can trade internationally from the comfort of your home and many experienced traders enjoy remarkable returns by trading these financial markets. Cryptocurrency trading is available on almost all popular forex platforms. This effectively means that you don’t need to go through the hassle of buying and storing Bitcoin in order to profit from them in the future. You can just open a forex trading account with a

3. broker that supports trading cryptocurrencies and buy or sell according to the market direction. Also, since Bitcoin is quite expensive to own outright, CFD trading may be a more attractive option due to the lower barrier to entry and the use of leverage, which allows you to open larger positions than your initial investment can afford and therefore, enjoy much higher profits. What is bitcoin CFD trading? CFDs are a popular form of derivative trading. They allow you to speculate on the rise and fall of prices of any global commodity - in our case – cryptocurrencies. With Bitcoin CFD trading, you can trade in bitcoins without investing large amounts and still reap significant returns in a highly profitable market. You simply need to buy a CFD contract to take advantage of rising prices or sell a CFD contract when the prices are going down. If you believe that the price of Bitcoin is going to go up, you can open a buy position on the trading platform and if the price moves according to your prediction, you will make a profit. Since you also are allowed to open sell positions with CFDs, this means that you can profit even when the prices are falling, an option that isn’t available if you actually own Bitcoin. CM Trading offers clients some of the best-performing and most popular cryptocurrencies available. By opening an account, you can trade Bitcoin, Ethereum, Ripple and Litecoin with 5:1 leverage.

4. Using this powerful leverage, you can open positions 5 times larger than your current account balance and enjoy 5 times the profits. However, leverage also increases your exposure to risk since it can also magnify losses and therefore it’s recommended that you discuss your risk appetite and profit targets with your personal trading specialist. Open your CM Trading account below to get access to Bitcoin and other highly profitable financial assets today! Register now to get started.