BTC$49 354.69


ETH$4 107.43


Binance Coin








Pros and cons of trading Forex with Bitcoin

April 2021

Cryptocurrencies are gaining popularity again. It’s the perfect opportunity to use them for your trading portfolio, especially the ever-popular Bitcoin. Here's a short memo that contains everything a beginner needs to know: what is it, why is it, how do you approach it.

What a time to be a crypto trader. Bitcoin is going through its second renaissance, smashing all the price heights and growing strong. In case you have never traded crypto before, here’s a list of pros and cons.

But first, a little introduction to Bitcoin. Bitcoin (BTC, XBT) is a cryptocurrency that is not controlled by any bank or government and can be transferred from user to user without any third parties through a blockchain system.


You don’t have to buy Bitcoin using crypto exchanges and setting crypto wallets. Like any other currency, Bitcoin is a trading asset you can easily find on most trading platforms. Most often you will find the BTCUSD pair. Liquidity of the asset secures constant transactions. Some people buy Bitcoin, some people sell it, price changes - that’s how you get your profit. 

High returns are no surprise for experienced crypto traders. Bitcoin tends to have incredible and sudden price growth, making its owners rich within a short period. 

Bitcoin is not infinite. Its emission stops after the 21,000,000th Bitcoin is mined. Since that moment, all the transactions will include existing Bitcoins, making it similar to Gold and other finite commodities. It means that with time if there is a demand for Bitcoin, its value might skyrocket.


Bitcoin is not regulated. Much like any anarchists’ dream, Bitcoin belongs to everyone and no one. It makes this asset unpredictable and less stable than your usual assets of choice. Volatility can bring you high returns, but that also means that the price can change not in your favour.

The most significant risk of Bitcoin is that it becomes irrelevant. Right now, it can offer advantages no other payment method can, but it can be temporary. Once there is an alternative that offers as much as Bitcoin and more, there might be a rapid fall in price. Then, fall in demand, liquidity, and, eventually, Bitcoin will become irrelevant to the market.

In case you physically own any amount of Bitcoin, you can’t cancel the transaction once it’s made. It means that in case you transfer your funds by mistake or to some fraudulent source, you won’t get them back. Overall, Bitcoin can become both the strongest asset in your portfolio, as well as its weakest link. If you want to trade crypto, get ready to: 

Learn more about altcoins and monitor them. Ethereum, Ripple, Dash - that’s just a few examples of equally popular cryptocurrencies that tend to be affected by Bitcoin price movement.

Once you get to the forums and websites dedicated to Bitcoin and crypto trading you will see a lot of words and abbreviations you might not know, so here’s just a few for you to start with: 

To the moon! - a war-cry of crypto traders once their currency skyrockets in price. To the moon, Bitcoin! Now you are ready to trade crypto in case you got interested in it. Don’t forget to do your research, monitor the market, and HODL out for new opportunities.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 50 $49 354.69 -7.73% -9.04% $932 373 294 315 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 79.2% 33 $4 107.43 -2.35% 1.26% $487 167 531 936 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 81.6% 32 $567.72 -4.42% -5.50% $94 697 121 033 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000601 0.07% -0.03% $74 202 208 475 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 68.8% 62 $206.79 -4.44% 7.18% $63 205 045 565 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64% 72 $1.44 -9.21% -6.91% $47 855 235 285 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 2 $0.999263 -0.17% -0.17% $39 791 662 925 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 67.6% 70 $0.839281 -9.70% -10.86% $39 653 743 706 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 66% 76 $29.72 -11.96% -15.22% $29 346 026 179 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 71.2% 63 $72.46 9.02% 67.62% $28 110 203 291 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 62.4% 74 $0.176759 -11.41% -13.13% $23 400 502 546 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 73 $92.76 -12.86% -16.52% $22 514 116 146 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62% 75 $0.000038 -7.58% -3.25% $20 606 810 256 SHIB 7 days price change
14 Chain (CRO) CRO Chain predictions 59.2% 86 $0.612884 -1.50% -22.09% $15 483 294 614 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 70% 62 $2.00 -10.20% 24.82% $14 012 724 000 MATIC 7 days price change

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