hat is Bitcoin Cash?
Cryptocurrencies are gaining serious popularity among investors, given their potential to contribute to major technological development and revolution in the financial sector.
Two or three years ago, there were significant doubts about whether blockchain technology would be recognized and break through potential government regulation.
However, with the reduction of recent doubts, we have witnessed a real “explosion” in the prices of cryptocurrencies. It is already being said that the revolution initiated by cryptocurrencies can hardly be stopped by any regulator.
The main advantage of cryptocurrencies, as financial instruments, is that they have higher volatility compared to far more mature currencies. Cryptocurrencies, rather, can be defined as the currencies of developing countries of “steroids”, as attitudes towards their future are the main force behind the change in their prices. As a new cryptocurrency, the volatility of bitcoin cache can be expected to be even more greater in the coming weeks and months.
How to trade CFD on Bitcoin Cash?
This potential for volatility is extremely attractive to some traders who have a higher risk appetite. And while there is a higher potential for profit, it is good for investors to always keep in mind – namely, that high volatility is associated with higher levels of potential losses.