Bitcoin might still be a total mystery even for those who have been in trading for some time. During the last couple of weeks, it made news due to its abnormal fluctuations in its value. Such digital currency is not controlled by a central bank and has actually been around for the last four years. It has actually started in 2009. One thing special about Bitcoin is the way investors pay. They can directly make payments to other individuals with no transfer fee and without even revealing who they are. Another worth mentioning is the fact that it's not likely to be influenced by inflation as opposed to other trading options because of the unchanging limit on the number of Bitcoins, which is 21 million.
With the recent increase in value of Bitcoins, more and more traders are trying to determine whether investing in Bitcoins is something they want to do or not,considering how the value jumped from a meager $13 at the start of the year to over $266 towards the end of the first quarter of 2013, and then dropped over a hundred dollars in value in the latter part of April. The conditions seem quite volatile, hence many who are encouraged by the rise in value are still on the fence about making an investment in Bitcoins. Trading professionals report that the drop in value in the recent weeks was caused by sudden heavy activity created by a number of external determinants.
Yet, in spite of the volatile conditions of Bitcoins, they're still suitable for binary options trading since changes in prices or value have no effect on an investors' return. With the micro-trade's simplicity, there are no big risks involved. When an investor makes the correct prediction, he or she gains a specific amount. When he or she incorrect, he or she loses the same specific amount ? That's just how simple it is.
There are rumors that an increasing number of binary options providers are expected to include a Bitcoin binary option for weeks, which is an exciting thing that traders can really look forward to. Although, most analysts think that ?brokers may keep it small, for example, a $25 limit or something.? Doing this will give a room for adjustment just in case trade conditions for this option change. However, some have already conducted careful studies of Bitcoins and have considered them as profitable inclusions for binary options trading.
