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If you’re looking into Bitcoin trading you’ve probably encountered companies like Trade Rush which provide Bitcoin Binary Options trading.
Can I make 1k a day trading? If you're wondering how to earn daily 1000 rupees in the share market, consider the following steps: Choose a few stocks to focus on. Before taking any action, monitor the performance of these stocks for at least 15 days. During this time, examine the stocks in several methods using indicators, oscillators, and volume.
Why can't I withdraw from IQ Option? You can only withdraw to your bank card the total amount deposited from your bank card within the last 90 days. We send you the money within the same 3 days, but your bank needs some more time to complete the transaction (to be more precise, the cancellation of your payments to us).
What Are Bitcoin Binary Options ?
Bitcoin Binary Options is a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time Pocket Option Azerbaycan . If you’re correct you earn the option’s payoff, if you’re incorrect you lose your investment . Each Bitcoin binary option has a specific expiration date at which the option is checked to see if it’s “In the money” (you were correct) or “Out of the money” (you were incorrect) . Each Bitcoin binary option also has a specific payoff that you can win . They are called “Binary Options” because the outcome is either win or lose, there’s nothing in between.An example for Bitcoin Binary Option Trading
For example, let’s say it’s 10am and the BTC price is $575.505. You believe that by 5:10pm on March 17th the price will be higher than $575.505 so you buy a “Call” option. If at 4pm the BTC price is higher than $575.505, you earn the payout of 73% of your investment, if it’s lower, you lose. Another example is if you think the BTC price will go down. You then buy a “Put” option. If the price at the expiration time is lower than the original price, you earn the option’s payout.
The Upside of Bitcoin Binary Options
- You don’t have to know the exact value of Bitcoin when the option expires, only if it increased or decreased.
- You don’t have to have extensive knowledge in trading to participate in Bitcoin binary options.
- Payout can reach up to 88% return on investment.
The Downside of Bitcoin Binary Options
As you may have noticed, Bitcoin binary options have a great similarity to plain gambling. If you study binary options in detail you will see that the trading platform will always have an edge over the investor (you need to win over 50% of the time just to break even). Because of the unpredictable nature of Bitcoin binary options many countries have strict regulations regarding who is allowed to operate such a business, it is advisable to check if the exchange were you wish to trade Bitcoin binary options is regulated. Also Bitcoin options can become highly addictive (just like gambling), and no matter how knowledgable you are, it’s impossible to consistently predict what Bitcoin prices will do within a short time frame.
Bitcoin Binary Options Exchanges
Today, two companies have taken the advantage of Bitcoin’s increasing volatility and are allowing customers to trade in Bitcoin binary options: TradeRush – Accepts customers Worldwide. Top Option – Does not accept US customers.
Be careful! You’re Capital is At Risk
If I wasn’t clear enough until now, then keep in mind that trading in Binary Options is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading.
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