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BITCOIN AS AN INVESTMENT
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BITCOIN AS AN INVESTMENT Bitcoin is typically classified as a high-risk, speculative investment, and more specifically, it falls under the category of digital assets or cryptocurrencies. It's often compared to other alternative assets, but its unique characteristics set it apart. Here’s a breakdown of the types of investment Bitcoin represents: 1. Speculative Investment Volatility: Bitcoin's price can fluctuate wildly over short periods, driven by market sentiment, regulatory news, and technological developments. This makes it a high-risk, high-reward investment, attracting traders and speculators who try to profit from these price swings. Uncertainty: While Bitcoin has seen tremendous price growth over the years, it still faces significant uncertainty. Its long-term value is debated, with some viewing it as a store of value (like gold), while others see it as a bubble that could eventually burst. 2. Alternative Asset Class Bitcoin is often viewed as an alternative investment...
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STOPS IN CRYPTOCURRENCY TRADING
STOPS IN CRYPTOCURRENCY TRADING What is a Stop? A stop (or stop-loss order) is a type of order you place with your exchange that automatically sells (or buys, in case of shorting) your cryptocurrency when it reaches a certain price. It acts as a safety net to prevent large losses. ✅ Types of Stop Orders Stop-Loss Order Triggers a market order when the asset hits a specified price. Example: You buy Bitcoin at $30,000 and set a stop-loss at $28,000. If the price drops to $28,000, your Bitcoin is automatically sold to limit further loss. Stop-Limit Order More precise: it sets both a stop price and a limit price. Example: Stop at $28,000, limit at $27,900. When BTC hits $28,000, a limit order is placed to sell at $27,900 or better. Trailing Stop A dynamic stop that moves with the market price. Example: You set a trailing stop 5% below the highest price. If BTC rises to $35,000, the stop adjusts to $33,250. If the price then drops by 5%, the order is triggered. 🧠Why Use Stops?...