This means Bitcoin is used first and foremost as an investment, resembling gold and other precious metals more than it does traditional currencies. Like commodities, it is beyond the direct influence of a single economy, and largely unaffected by changes in monetary policy. Back in 2010, Bitcoins were worth around 0.003 cents each. As of October 2017, that figure is upwards of $4200 – though this value has proved volatile, with frequent intraday swings. In that time, hundreds more cryptocurrencies have emerged, all with unique features and applications.
Advantages of CFDs on Cryptocurrencies:
Unlike traditional trading of Cryptocurrencies, contract for difference (CFDs) on Cryptocurrencies, are financial instruments that allow traders to invest and take advantage of both prices moving up (going long) or prices moving down (going short) without having to pay for owning the Cryptocurrency itself.