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Trade Bitcoins And Get the Most Out of It
DescriptionGenerally the advice on investing in Bitcoins is to BinaryCent sit and watch the market for a couple of weeks to get an idea of how the currency trades, its volatility and trends. It's difficult to find rumor that hasn't instantly affected the value, so many suggest investing a small amount and simply watching for opportunities, a little like setting take profit levels with shares and Forex, you can do the same on Bitcoins; it's just a bit longer process and a little less automated.
Just like with any investment, the value can fall, and events like the collapse of MtGox and the closing down of Silk Road, negatively affected Bitcoins; not just because demand was reduced but also because Bitcoins were falsely linked with the companies by urban myth. The market seems to be becoming more regular, but not necessarily regulated, as more exchanges come online. Some of the exchanges will go the same way as MtGox but others will consolidate and become stronger and more reliable. No doubt official regulation will be applied to Bitcoins in due course at which time the volatility is likely to reduce.
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