A digital currency is an asset created to be used as a medium of exchange. It uses blockchain technology cryptography to provide secure transactions.
Altcoins differ in some ways from Bitcoin, starting from the services they are created for. Some currencies may have a different algorithm or blocksize.
The first digital currency ever is Bitcoin, launched in 2009 by one or a group of people with the pseudonym Satoshi Nakamoto. Bitcoin shaped the digital currency market and supported the coming currencies. Once Bitcoin was launched and gained popularity, many other digital currencies were created and became powerful in a short period of time. All the coins which were created after Bitcoin were called ‘altcoins’, as alternative digital coins of Bitcoin. The Digital Currency market is one of the most popular markets for traders and investors. It provides excellent levels of liquidity, since there are many exchanges distributed. Small numbers of traders may have a large impact on the market price; this is a direct contributor to volatility.
Trading Digital Currencies with SigmaxTrading means:
Trading on Bitcoin Supply
Bitcoin supply- there are expected to be mined 21 million Bitcoins by 2040. Up to now, there are mined 18.5 million Bitcoins. Bitcoin will fluctuate depending on the rate and the activity of Bitcoin holders.
Trade BTC Market Capitalization
BTC market capitalization- the total market value helps a trader understand that Bitcoin is a good opportunity or the latest bubble. Bitcoin as all the other assets are affected by the perception of other traders and the public in general.
Having a Reputation
Bitcoin reputation- People are very loyal to traditional currencies, they tend to trust less new, different payment systems, online platforms and not physical stuff.
Short - Selling, or Short - Sale
Short-selling is a definition used when you sell the stocks. If the prices keep going down, it means you made a good decision because if you would let it sell with a lower price, you would make less money.