Bitcoin trading aspects for Indian Traders

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Bitcoin (BTC) is the first and most expensive cryptocurrency - a special electronic data unit that can be transferred from one place to another instantly. The system is peer-to-peer, giving the opportunity to users to make transactions directly without intermediaries such as banks, any financial companies and others. Network nodes verify all transactions and record them in a public distributed ledger (blockchain). Learn more about the BTC legal status and what are the main BTC regulations, using some facts from its history of development.

BITCOIN

Bitcoin's price has risen from с $10 до $39,000 for 14 years.  

Does it hide any secrets?  This history outlines some of the key considerations.

Bitcoin’s History:

2008 - BTC domain registration.

2010 - First BTC online purchase of goods  - pizza.

2011 - First BTC transaction between smartphones.

2011 - First car sold for 3,000 BTC.

2012 - Hacking one of the BTC services (46,000 BTC stolen).

2012 - Wordpress starts accepting Bitcoin payments.

Bitcoin’s Price History:

  • 2008 — BTC launched.
  • 2009 —   $0.003 for 1000 BTC.
  • 2010 — $0.50.
  • 2011 — $10.
  • 2012 — $10.
  • 2013 — $600.
  • 2014 — $310.
  • 2015 — $360.
  • 2016 — $1000.
  • 2017— $4,300.
  • 2018 - $6,653.
  • 2019 - $7,284.
  • 2020 - $28,707.
  • 2021 - $47,027.

6 REASONS WHY YOU SHOULD INVEST IN BITCOIN:

  • Bitcoin is money that has a real market price. 1,000 BTC cost $0.003 in 2009, 1 BTC cost over $4,000 in 2017, in 2022 - $38,832.16.
  • In 2018 the Lightning Network was launched the BTC network (a technology that allowed BTC to become truly global money).
  • 1,000 people own about 40% of the world's total Bitcoin, for an average of about $105.6 million per person.
  • In 2019 the largest trading platform Bakkt Galaxy Digital jointly created a new service directed at institutional investors looking to buy and store Bitcoin.
  • There are 21 million Bitcoins in total. January 2022, 18.9 million Bitcoins have already been issued.
  • Bitcoin is widely seen as a pioneer in the world of cryptocurrencies. Bitcoin capitalization went up more than by 10 times. 

IS IT A RIGHT WAY TO INVEST IN BTC?

CFDs on cryptocurrencies allow you to earn on any market movements and are suitable for both speculation and hedging. Cryptocurrency CFDs are contracts for differences in the prices of digital assets. Regardless of the movement of the price of an asset, whether it goes up or down, you can earn money without owning, buying or selling the cryptocurrency. 

Crypto CFDs amplify these benefits as price movements are larger in cryptocurrencies. Due to price changes, profit is formed in CFDs. Greater volatility provides greater earning opportunities.

CFDs on BTC allow beginners and professional investors to get involved in the crypto economy and earn money, even without owning the assets. The minimum entry threshold provides an opportunity to diversify your trading strategy and your portfolio with instruments that give you access to one of the most dynamic financial markets in the world.

WHERE AND HOW TO BUY BTC IN INDIA

IQ Option is one of the most trusted trading platforms in India that helps you sell/buy with digital currencies like Bitcoin, Ether and many others. We help you get experience in the trading area of your investments and focus on security measures to protect your privacy and data.

HOW TO START INVESTING IN INDIA

Getting started investing in BTC with IQ Option is very easy. All you need is to install the IQ Option mobile app or open your web account and complete the KYC verification in a few simple steps. Now you are set to go.

START YOUR INVESTMENT WITH IQ OPTION

• Open your Trade Room, choose what cryptocurrency you want to Buy/Sell by clicking the “Open new asset” button (press “+” at the top of your room).

• Set how much money you want to invest in Bitcoin.

• Analyze the price movement on the chart and make your prediction Buy-Sell buttons ("Higher" - "Lower").

Initially, you can test your strategy on the virtual balance of the demo account (your demo account will be credited with $10,000 of virtual money immediately after opening your Trade Room), then proceed to real investments and make a profit. Your first predictions can be formed on the basis of BTC information, on analyzing the BTC news and BTC Trading Conditions, then you can also use ready-made strategies in further trading. 

All data for a successful prediction can be found in your IQ Option Trade Room.

FAQ:

What is the minimum amount to start BTC investing?

You can start investing in Bitcoin with as little as Rs 750 ($10). Some of us do not know that we can trade Bitcoin in fractions. 

Any IQ Option client can start trading Bitcoin for profit. The platform offers a wide range of features for that. Like any investment, the profit depends on what price you trade an asset.

Check and compare the BTC rates. Bitcoin is a volatile currency and its price increases high and falls sharply.

The greater is the demand for cryptocurrency, the greater is its value. Therefore, the emergence of new competitors causes an outflow of customers and slightly reduces the price of one coin.

There is no law prohibiting Indians from trading cryptocurrencies. RBI was banned in 2018 and crypto trading halted but the Supreme Court of India lifted that ban in 2020.

INTERESTING NEWS

Norwegian student spent $27 on BTC, forgot about it, and a few years later he caught some news about BTC raising, reactivated his account and realized they were worth $886K.

22 May 2010, one of the most famous transactions involving cryptocurrency took place - American Laszlo Heinitz (Laszlo Hanyecz) 10 spent thousands of bitcoins, buying two pizzas on them. Now 10 thousands of bitcoins are worth more than 83 million dollars. Because of this act, Heinitz became the famous “failed millionaire”, and 22 May turned into a holiday for the cryptocurrency community.  Perhaps surprisingly, Hanyecz has no regrets about spending so much money on cheese and bread. 

TOP 10 NATIONS WHO LOVE BTC:

  • Italy.
  • United States.
  • United Kingdom.
  • Finland.
  • Australia.
  • Singapore.
  • Netherlands.
  • Canada.
  • Slovenia.
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