Bitcoin rallied up in early trading this morning as you can see from the chart, but the markets are very volatile (yes more volatile than usual). A fast move like this cannot be seen as stability and I would wait for US market open to see how the markets are responding this morning.
Trade or Buy Bitcoin in the Market?
IF you want to purchase Bitcoin, I suggest now is a good time to start buying in small amounts, I would steer clear of trading it although you can get much higher leverage the risks are there in terms of stopping out if you buy through Coinbase, for instance, you can just “hodl” your currency as the markets bounce around without risking losing it.
So I recommend small purchases of BTC at this time, I would steer clear of Etherium until the gas price drops, this is one of the issues with Etherium when the market loses the gas price can get ridiculously high. (that’s the price for transactions).
Care must always be taken.
When trading crypto through MT4 in a broker please take care, only trade what you can afford to lose. If you are purchasing then it’s fine because you won’t lose your money if the market drops out, it will just be not worth as much as it was when you made the initial purchase.
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