Bitcoin Expert Opinions for buying, trading and holding Bitcoins: Never invest more than you are willing or able to lose – Bitcoin is a risky investment and this should be kept in mind at all times. After buying Bitcoins, move them into your own personal wallet – such as Blockchain. If you can’t afford a hardware wallet, try a paper wallet. Many marketplaces called “bitcoin exchanges” allow fill up to buy American state cozen bitcoins using different currencies. natur-holzbausteine.de is a stellar exchange, along with Expert opinions Bitcoin. only security privy be a concern: bitcoins worth tens of millions of dollars were stolen from Bitfinex when it was hacked in In this Expert Option Review, we will take a look at a broker that offers clients the chance to invest in instruments such as digital options. The broker offers traders the chance to trade over different assets including a range of different cryptocurrencies. They have been around since and have a wide range of opinions online.
Bitcoin expert opinionBitcoin: what have experts said about the cryptocurrency? | Technology | The Guardian
Shiller has previously warned that the bitcoin price could collapse. The billionaire investor said on 11 January he would never invest in bitcoin or other cryptocurrencies, and predicted the wildly popular assets were in for a fall.
The Nobel-prize-winning economist has argued that the currency should be outlawed. The chairman of Royal Bank of Scotland has painted an apocalyptic picture for bitcoin. She also reiterated her position that the Fed does not have the authority to regulate the cryptocurrency. Theresa May said at the World Economic Forum in Davos that she was concerned criminals were exploiting digital currencies, which can be used to anonymously transfer funds. The US treasury secretary also flagged up concerns about misuse of digital currencies.
Topics Bitcoin. Cryptocurrencies E-commerce Internet Currencies Economics news. Reuse this content. Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? Most popular. Another really important factor when you are considering a broker is whether the information that you send them is secure. Encrypted communication is now the standard among brokers and financial websites. Well, given the prevalence of sophisticated hackers these days sending information such as credit card details and personal documents is really risky.
That is why you have to make sure that the broker uses the latest standards in SSL encryption. Expert Option is SSL encrypted and you can see this by observing the green padlock in the browser window. As mentioned, Expert Option has a range of different assets that you can trade options on. These range from the more traditional asset classes such as Forex, Equities and Commodities, to the new and exciting cryptocurrency field.
With equity instruments you have some of the most interesting companies such as Amazon, Baidu, Coca-Cola and Tesla. There are three commodities that you can trade and they are Gold, Silver and Oil. On the digital currency side it seems as if Expert Option has gone all in. In fact, they have more cryptocurrency pairs than they have of all other assets.
Below are all the crypto pairs that they provide on their platform. As mentioned, Expert Option is a Digital Option platform. This means that the tradable instruments are derivatives that get their value from the underlying asset price. Digital Options work in a similar way to traditional options in that they have an asymmetric pay-out.
Options, unlike futures, give the holder the right but not the obligation to buy or sell an asset at some predetermined price in the future. If you enter a CALL option you are going long the underlying asset and if you enter a PUT option you are shorting the underlying price.
With a Digital option, your pay-out is either set to some percentage of your invested capital or it is set to 0. In terms of the pay-out rates at Expert Option, they vary. There are also two expiry times at expert option. They are 1 minute and 2 minute expiries. We would have liked to have seen a slightly longer option expiries such as 1 hour or daily options. However, if you are a day trader who likes to embark on scalping tactics then shorter expiry times could be to your liking.
This is probably related to the individual regulations in those states that do not allow offshore brokers such as Expert Option Ltd to solicit clients. For those regions that Expert Option operates, they have translated their website and platform into a number of different languages.
These are given in the image on the right. An Expert Option demo account is a great way for the trader to get a better sense of how the platform works and whether they could indeed see themselves using it. It is also something that not many cryptocurrency exchanges will offer their traders. What we really liked about the Expert Option demo account is that there are no obligations on the side of the trader.
This is a stark departure from older Digital option brands that have used the demo account as a way to drag the clients in by manipulating them to hand over more funds. The Expert Option demo account also has all of the same pricing that you will find on the live account below. Something that we have not seen that often in the CFD broker and Cryptocurrency exchange space is the range of different account types that are offered by Expert Option.
Sure, at some cryptocurrency exchanges you will have tiered account levels but these are merely determined by how much you are willing to verify yourself on the exchange. At expert option, the tiered accounts are determined by how much you invest. Well clearly as is shown those accounts that have more money in them will have more benefits.
However, we would suggest starting small. This is because you need to make sure that you need to make sure you are completely comfortable with the broker before you will commit such a large tranche of funds.
Moreover, you may want to consider against the bonus options that may be presented to you. This is because bonus terms are known to be incredibly onerous and have turnover requirements that are almost impossible to reach. There are a few ways in which you can fund your expert option account. No doubt the easiest way that clients will opt for is to use a credit or debit card.
This is probably to do with the payment processor limits imposed on them. There are also various electronic money funding options should you prefer that. This is probably because of the fees involved in the withdrawal. If you are withdrawing funds then Expert Option can only withdraw it into the same account that you funded with. This is in order to avoid concerns of money laundering.
This is obviously a really important consideration for brokers and exchanges. There is nothing that is more frustrating than having to wait for days to get customer support. You can reach these support agents directly from the trading platform. When we tried to reach out to the support team it took about 10 minutes to receive a response which is not too bad. You can also reach them on their dedicated support email at help expertoption. There are also numbers that you can call for their local offices.
This is helpful for those traders that would like to speak to someone. Here are the local numbers. In terms of KYC, Expert Option is required to complete a number of steps to make sure that you are who you say you are.
When you fund your account at Expert Option they will usually ask for a proof of identity as well as a proof of address. They should take a day or two to verify these documents.
One of the most interesting parts of the Expert Option package has to be their trading platform. As mentioned, this platform was built in house and is hence unique among the other option and CFD platforms. Everything that is related to your account administration is on the left of your screen. Here you can fund your account, monitor your past trades or make use of their extensive educational material. In the middle you will have all your charts and markets.
You can choose a layout that works best for you and you can split the chart among more than one asset. This is beneficial for those traders who like to trade more than one market at a time. If you are one of those traders that likes to run technical analysis then you can use the charting tools and indicators that Expert Option has. While these can be useful, they are fairly rudimentary for a charting package. For example, you have some drawing and mapping capability where you can sketch out your trendlines and entry points.
You can also switch from the standard area chart for a more specific line, bar or candle chart. Taking a look at the indicators, they give you a list of 8 different indicators that you can use. The customization options around these indicators is relatively simple with only one or two different inputs. If you wanted to get a bit more of a perspective on the market trends then you can open up that tab to the right of the chart. This gives you an idea of which assets are trending the most and in which direction they are heading.
You can also adjust the time frame if you wanted to use this as part of your analysis of the option expiry. The order functionality at Expert Option is rather basic.
Pro Tip : When you adjust the strike rate, you are also adjusting the odds and payouts. If you have a particularly strong view on the direction then you can adjust the payout based on that. Social trading is an interesting piece of functionality that Expert Option have included on their platform. This allows you to see where the other traders are placing their trades and what strategies they are employing.
For example, you can see things such as the deals that were entered into, the prices that were locked in as well as the profits and losses of the individual traders. Not only is this a great way for you to follow those traders that are profitable but it also gives you a good sense of where market sentiment is going. You can view social trading in two ways.
Firstly, you can head on over to the social trading tab. This is the image on the right below and it will give you a snapshot of the current traders on Expert Option. Here you can see the general up or down as well as the leader boards of those traders that have done well.
You also can view all of the trades that were placed by others on the chart itself. Here you can see in real time which way they have positioned themselves. We found all of the social trading tabs on the chart a bit distracting but it could work for you. This is another feature that Expert Option has included that could help to inform your trading.
The analytics section is more for those traders who would like to have some fundamental analysis on particular assets and markets. For example, the first section is a collection of videos that will take you through the latest market movements and news over the past week. We were quite impressed with these videos as they were well presented and had useful visuals and charts to support the data.
Another handy tab in the analytics section is the part that gives you an overview of the financial exchanges and what their trading hours are. This is more relevant for those traders that want to trade equities during the live market hours. While the web-based platform is great for convenience sake, the most optimal trading experience comes from the PC clients. This is because you will be using your PC to trade instead of your web browser. This is naturally more efficient as we found the web interface to be quite resource heavy on the browser.
Moreover, if you are looking for the quickest execution then the desktop client is a better choice. This is because your orders are being sent directly from your PC to the Expert Option servers.
When you place your orders on your web browser then they have to first pass through the website architecture. The desktop client is available for download on Microsoft windows as well as Mac OS. Once you have downloaded the programs and loaded them, you will be asked for your Expert Option login credentials. For those traders who are always on the go, Expert Option also has a mobile app that is available for download on both iOS and Google Play. The app is really well laid out and it is clear they spent a great deal of money developing it.
They have tried to get as much functionality into the app that they can. Compared to some of the other apps that we have seen, this one seems to have many more features.