Bitcoin Price To USD Exchange and Other Reasons to Buy Bitcoin

Since it was created in 2009, Bitcoin (BTC) has proven to be an extremely profitable investment for those who owned it initially assuming they didn’t trade it for two Papa Johns Pizzas. If you had only invested $10 back then, one could be retired today with no money worries whatsoever as its price has grown tens of thousands of times larger.

Bitcoin.org: was the original website for Bitcoin information. It is aligned with the bitcoin core development team on most technical issues. It is an open-source community site as opposed to Bitcoin.com. Bitcoin.org was originally registered and owned by Bitcoin’s first two developers, Satoshi Nakamoto and Martti Malmi.

The popularity of Bitcoin-USD vs. say BTC-Yen or Euro exchange operations create huge opportunities to gain benefits from the Bitcoin trading. After bitcoin was launched, it cost $0.003 on April 25, 2010, at BitcoinMarket.com, which was the first cryptocurrency exchange. Starting at that time, the Bitcoin to United States dollar exchange rate has risen dramatically. Those that bought and held have enjoyed incredible paper returns even with the roller coast ride price swings Bitcoin has gone through.

Now, while some bitcoin investors may be simply attracted by the potential of growing prices, many traders believe that the currency itself has a high level of volatility which enables the potential for fast returns. According to some financial experts, Bitcoin is even more volatile than gold. And a few people believe that Bitcoin has the potential to replace fiat money like the US dollar in the future.

Bitcoin Price to USD Exchange that Saves You Time

BTC/USD exchanges are the most popular way to buy Bitcoins and become the owner of a potentially valuable asset. If you look for the most recent BTC price in USD, you would see some wild swings. But with wild price swings comes the opportunity for traders.

Trading on a Bitcoin exchange such as Coinbase it is possible to conduct instant trades, making dollar to bitcoin exchanges and bitcoin to dollar trades the most popular trading opportunity because of the high liquidity it presents.

Bitcoin.com: is a company that hosts a Bitcoin-related website with Bitcoin Price in USD trading and provides many Bitcoin Cash and Bitcoin services such as buying and selling bitcoin and exchanging with the USD and other fiat currencies and has a mobile wallet for both bitcoin and the USD transactions. It is viewed as the fastest bitcoin wallet.

Trading systems on the exchange will always make all the necessary calculations automatically so you know exactly what you are exchanging. one-off the example is, to exchange Bitcoins to USD, you should simply input the amount of BTC you would like to sell. After a while, you will see the number of dollars that you can receive under the current market conditions. Most trading exchanges allow you to also use limit orders, no different than trading stocks. This also works in the opposite direction. Now, you are always able to learn not only what amount of dollars you receive when you convert Bitcoin to USD but also how many dollars you need to buy Bitcoin.

Picking the Best BTC/USD Exchange

Your security is by far the most important factor of an exchange. If there is an exchange that is insecure, your funds could be stolen, leaving any other advantages it offers worthless. Look up Mt. Gox for a horrifying story of lost bitcoins. No one wants to lose his or her money, so in this respect, consider the following aspects.

The exchange’s web address should start with HTTPS to ensure a secure website. Avoid HTTP connections.

What should be stored offline is customer deposits, in “cold storage” Transparent exchanges also publish their cold storage address or help check their reserves in other ways, like audit information. An open-source wallet is Bitcoincore.org with free software that serves as a bitcoin node (the set of which forms the bitcoin network itself) and provides a bitcoin wallet included which verifies Bitcoin USD payments. It is an offspring of the original Bitcoin software client released by Satoshi Nakamoto after he published the famous Bitcoin whitepaper.

For login safety, it should use two-factor authentication (username and password plus a private piece of information only you have).

It’s recommended you use an exchange from the same country you live in, as that can make it easier to comply with regulatory changes.

A few exchanges may insure their funds, meaning that in case they lose your funds, you may be reimbursed.

Transparency speaking: Does the exchange reveal its owners, headquarter address, and the members of its team?

Recent BTC/USD trading

Bitcoin dropped from over $10,0000 to $9300 in less than an hour and had a dead cat bounce back to $9,600 the same day. At the time of writing, BTC/USD is hovering around this area.

Emmanuel Goh, the head of crypto-derivatives tracker at Skew, noted that the sell-off might have been caused by perpetual swap positions liquidation on Bitmex. Another contributing factor many are pointing to is that the Binance exchange had a service outage that also could have played a role in the sudden price decrease. Binance which is the world’s largest bitcoin exchange went offline for several hours. Binance users that had no access to their accounts during the technical issues, we’re given a short window to cancel orders if necessary.

Also, bitcoin traders noted the formation of a “Bart” pattern, which often implies price manipulation by large players to wash out weak hands from the market.

Bitcoin USD: Technical picture

Bitcoin USD is sitting in a tight range since the beginning of the day on February 21st. On the upside, a strong resistance area is located at $9,900-$10,000. Technical levels are packed in this are, that might discourage the further price increase. Even number barriers like $10,000 often signal resistance. The SMA50 1-hour chart is at $9,925 is followed by the downside trendline from February 13 high and SMA200 1-hour trendline.

Once $10,000 is broken again, the recovery may be extended towards the next aim at $10,200.

On the downside, a move below $9,600 will open up the way towards $9,300. This critical support is reinforced by the recent bottom. It separates us from the next resistance level at $9,000.

Bitcoin USD tested the support area at $9,500 twice this past week. The initial reversal hit highs above $10,300 but an avalanche of selling pressure pushed the price back under $10,000. The ongoing recovery has just stepped above $9,700 and is likely to zoom past the next resistance at $9,800 in readiness for the return above the coveted level at $10,000.

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