(2) Bitcoin Trades Non-Stop, 24 Hours A Day, 7 Days A Week
It is one of the most significant reasons to buy & stay invested in Bitcoins. Currencies are usually traded on Forex exchange. But, Bitcoin is a cryptocurrency that trades in an exciting & most unique way.
Bitcoin market never closes like Forex market. It trades around the clock i.e. non-stop for 24 hours a day for the entire week. Users can perform Bitcoin trading even on weekends or national holidays.
In this sense, Bitcoin is the purest form of money that never sleeps. Therefore, online traders can now dip into the Bitcoin market whenever it’s convenient to them.
Additionally, there is no official Bitcoin exchange like stock exchanges or forex exchanges. Similarly, there is no official Bitcoin price as in the case of fiat currencies.
This can create tremendous arbitrage opportunities for traders. Thus, you can trade Bitcoin whenever you find an opportunity irrespective to the time of the day.
[Read Also: 20 Basic Rules To Make Money From Bitcoin Trading]
(3) Bitcoin Is Highly Volatile Digital Currency
It is one of the most common reasons to buy & stay invested in Bitcoins. Every trading instrument needs to be volatile in nature. This volatility is perhaps the necessary condition to generate profits quickly.
Bitcoin is also exceptionally volatile in nature. It price can swing wildly on either side within no time.
Traders & investors need to make positions only after considering this fact in mind. Additionally, this huge volatility in Bitcoin price movements increases the risk & expense of leverage strategies.
However, one can still generate huge profits even without any need to make leveraging of positions. Apart from this, Bitcoin price is trending more towards upward direction than towards lower direction.
Thus, long term investors are seeing it as a substitute to gold for better returns.
- Reasons To Buy Bitcoins: Depositphotos