Cryptocurrencies are one of the newest additions to world’s monetary system. Some of the authorities consider such developments as illegal and uncontrolled because they have no “real” value behind them. The facts remain such: cryptocurrencies are one of the mediums of exchange nowadays.
But, what can you do with cryptocurrencies? Since Bitcoins are the main existing digital currency, you have access to do nearly anything you set your mind too. The possibilities start with buying goods and services and go all the way to Bitcoin gambling and trading. If you want to know whether you should choose BTC trading or gambling and whether there are any reliable BTC gambling bonuses you can find it out below!
When it comes to trading Bitcoins everything is relatively similar to usual currency trading. You can earn Bitcoins and trade them for anything you like, just like with real money. But, you will have to mine Bitcoins using capacity of your computer or sell something in exchange for Bitcoins.
A few BTC trading opportunities come within the exchange services. You have an opportunity to join one of the many services where people buy and sell BTCs and make your trading there. The rule is simple you buy low and sell when the price goes up. Of course, you can hold your Bitcoins hoping that their price will go up significantly, as it was in 2012. Some of the analysts predicted that the price of this digital money will be around 40,000 USD per BTC in 2020, so the choice is yours.
Furthermore, Bitcoin trading is available at some of the best Forex brokers. Be sure to check if the broker offers BTC/EUR or BTC/USD trading before you deposit money with it and you are good to go! Remember, major news have only indirect impact on the BTC price, while changes of digital currency trends are directly influencing them, so be cautious.
Another important issue is your technical analysis. It is considered to be more difficult than on major FX assets, so you would want to spend more time analysing the patterns in order to find real support and resistance levels since BTCs are considered to have a very high volatility.
This type of Bitcoin usage is often mixed with the previous one, but you should remember that trading and gambling are not synonyms. Bitcoin gambling does not include any FX trading as well as creating supercharged computer in order to mine BTCs.
Bitcoin gambling is a type of a recreational activity. All what you need for this is either to open an account at one of the online Bitcoin casino or with one of the binary options brokers that has BTC/USD options in their portfolio. You can skip all mathematical calculations used for predictions as well as technical analysis and swing trading. All what you need to do is either bet or place put call orders. You can use game theory, martingale or any other gambling method.
Bitcoin gambling should bring excitement and fun, so there is no reason to get into the depths of the analysis. When you gamble, you just want to have enjoy yourself and your game, this all can come to you from BTC gambling.
No surprise that most of the Bitcoin gambling bonuses come from the online BTC casinos. The choice of bonuses is full of deposit bonuses, no deposit bonuses and cashbacks. Choices start with free slot spins and free bets and go all the way to 100% deposit bonuses. More to that, Bitcoin gambling world offers you bonuses on your 2nd deposit as well as on all the next deposits. So if you decide to gamble BTCs with low starting amount, you will still be able to enjoy nice additions to your deposits.