These days, Bitcoin managed to headline news from all around the world as it broke the 2017 record in value and reached a price that no one could’ve expected. As of mid-January, Bitcoin is valued at around $34,000, which is a staggering number.
The surge in value attracted many new people to the network and the infrastructure has never been bigger. As new traders appear, they are faced with many challenges. Knowing the Bitcoin terms which can teach them about how the cryptocurrency works is one of those challenges. We decided to help the novice traders by naming some of the most popular Bitcoin terms and get them more familiar with the crypto world. Let’s begin.
Trading sites are the platforms where Bitcoin users trade their Bitcoins and manage to make a profit. The reason as to why trading sites are an essential part of the trading process is because they can provide you with valuable information on Bitcoin and help you maximize your profit.
Bitcoin has a very high volatility rate and the price often fluctuates, making it impossible for traders to predict what the future price of the cryptocurrency will be and thus, decide when it is the best time to sell their Bitcoins.