How does trading cryptocurrencies work?
Bitcoin, a digital currency, derives its value from unique supply and demand dynamics.
With Bitcoin being available in a finite supply, its price rises as demand increases.
Demand for Bitcoin originates from both speculative and practical sources, such as online purchases made with Bitcoin.
Moreover, Bitcoin tends to react to market sentiment in traditional markets like stocks and forex, often increasing during periods of negative sentiment.
Trading virtual currencies involves complexity, high risk, and speculation. There's a significant chance of losing your entire investment.