Bitcoin CFDs
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In November 2021, Bitcoin reached its highest-ever value, peaking at $69,000. Throughout 2022, the entire cryptocurrency market experienced a decline, but in the current year, 2023, Bitcoin has surged by 59%.
Prominent financial news outlets, including Forbes, Independent, and CNBC, are suggesting that Bitcoin could potentially surpass the $50,000 mark by the close of this year.
Economists are pointing to the upcoming halving event scheduled for April 2024 as a significant influencing factor.
Source: CNBC
Bitcoin (BTC) has garnered positive predictions from experts not only for the current year but also for the following year, mainly due to the upcoming halving event scheduled for April 2024.
Every four years, Bitcoin’s mining rewards are halved, and this year, miners will receive a reduced payout of 3.125 BTC, a significant change that has historically contributed to driving BTC’s price upwards.
Notably, on-chain aggregator Santiment’s data indicates that prominent investors, often referred to as “whales,” have begun accumulating Bitcoin once more, providing further indications of potential price growth.
Source: Forbes
In the expansive realm of financial markets, individuals with adept knowledge can explore a variety of alternative opportunities. One such astute approach involves trading Bitcoin rather than simply purchasing it outright.
Through the utilization of Contracts for Difference (CFDs) linked to BTC, one can capitalize on both the market’s volatility and downward price movements.
Additionally, CFD traders have the option of utilizing leverage, which amplifies the value of their investment in the market, commonly referred to as margin trading, making it potentially up to 10 times more impactful.
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Investing in Bitcoin CFDs can be done in various ways. The most common way is buy purchasing BTC from an exchange.
However, there are other alternatives such as Trading Bitcoin CFDs.
This provides
Trading assets with margin allows you to control larger positions in the market. Both the risk and the reward is amplified during margin trading.
It's a highly risky investment method but brings returns in several folds.
Consult our team as to how you can start trading BTC with leverage.
GWTrade is here to help you get started. Fill up the form above and open and account.
We will help you get started.
All investments are risky. CFD trading or margin trading is also a risky investment.
You should do your research and understand all risks before investing your capital into trading.
Trading in Forex, CFDs, Commodities Indices and any other underlying variables involve a high level of risk. 50% of retail investor accounts lose money when trading CFDs with this provider. It is possible to lose all your invested capital. Such Financial Products may not be suitable for you, and you should make certain that you understand all the risks involved. Please read our Risk Disclosure, Legal Policies & Terms and Conditions before trading on https://gwtrade.eu/
No. Trading BTC is all about opening positions in the CFD markets. There are no hidden fees or costs involved.
Risk Warning: Trading in Forex, CFDs, Commodities Indices and any other underlying variables involve a high level of risk. 50% of retail investor accounts lose money when trading CFDs with this provider. It is possible to lose all your invested capital. Such Financial Products may not be suitable for you, and you should make certain that you understand all the risks involved. Please read our Risk Disclosure, Legal Policies & Terms and Conditions before trading on https://gwtrade.eu/
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