Hi everyone

hi,
im new in trading, every advice will be welcome because im a little old guy and im really interested in bitecoin, it really looks crazy!
if i trade bit coin with my broker, i dont really buy bit coin right? i just bet on bid and ask? so i dont need to have a bit coin wallet???
thx for all your advice!

In my opinion, yes, that’s right. You are only trading Bitcoin CFDs (contracts for difference). You don’t actually own it, rather it’s a contract between you and your broker. The broker gives you a bid/ask price and the difference between when you open and close the trade would be your gain/loss, of course, taking into consideration the spread/commission/fees of the broker.

Hi,
thanks! it exists something else like this, i mean an other value that move like crazy bit coin?

hi again i start with two brokers, XM and nakitrade, do you know people that have a good or bad experience with them?
the service looks good but its always better to have someone else advice before to start!!
thx!!

Here’s a Bitcoin 101 article that might help: Bitcoin Survival Guide: Everything You Need to Know About the Future of Money | Enterprise | WIRED

Also, 7 reasons why bitcoins are so popular: 7 Reasons Why Investors Can’t Stop Talking About Bitcoins

Enjoy! :slight_smile:

hi to every one. im very new here. just introducing myself. ill try to share my views on trading and answering any queries regarding broker and there facilities.

Hi,

thanks a lot!! its really looks interesting this bit coin, but how to do to trade it if there is like everything unexpected? what is the best strategies to adopt in this kind of trading?
thx and have a good day!

I don’t trade bitcoins but here’s a thread on what BP folks think about it. You could also try searching for other bitcoin threads on the site: 301 Moved Permanently

Hope this helps :slight_smile:

Awesome. Great to have you here. How many forex brokers are you covering? :slight_smile: