The Impact of Bitcoin Trading in the Global Market

how to trade bitcoin


“Like cash or credit card, Bitcoin is somehow both more and less real than the goods it is traded for.”

Ever since their creation and release in 2008, Bitcoins have made a significant impact in the market in general. And while Bitcoins were not the first in digital currency in the decades leading up to its invention, their implementation left a significant mark that continues to this day. As a result, Bitcoin became the first cryptocurrency with its deep structure and widespread adoption. But how much did it really impact the market? Which markets make the best use of bitcoins? And what are the steps on how to trade bitcoin?

How has bitcoin evolved in the global market?

In 2013 alone, the value of bitcoin multiplied fifty fold. And 2015 saw bitcoin as the year’s best-performing currency as it gained as much as 35% in one single year. In 2016, the number of ATMs that support bitcoins has doubled, reaching approximately 770 ATMs all over the world. And if such bitcoin made such a huge impact in just a few years alone, how much for the next few years, if not a decade?

It’s not just the US economy alone. Because in 2016, Japan recognized bitcoin as on the same level as physical money. In South Africa, markets were launched in the country that accepted bitcoins as payment. More and more people each year have learned how to trade bitcoin.

how to trade bitcoin with SteamAnd if you think that bitcoin only applies to major companies and businesses, then you’d be surprised to know that even other services such as Steam, an online platform that sells video games through an online store, began to accept bitcoin as a means of payment.

How does bitcoin trading works?

While it is gaining popularity in the global market, there are still a number of countries that have yet to start using this method of transaction. People only need to learn how to trade bitcoin. The easiest part is to simply sign up for an online service that allows users to purchase bitcoins and store them into an online bitcoin wallet. Then use them to buy and sell goods to other bitcoin buyers in order to earn more bitcoins. If not, then there is also the bitcoin exchange, where you can buy and sell bitcoin as the price rise and drops.

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