Quote from: lixer on Today at 03:42:09 PM

Quote from: nlovric on June 12, 2023, 11:30:23 AM

First and foremost you must take into account the nation to which you belong because different nations have different cryptocurrency legislation. While cryptocurrencies might be permitted in some nations they might not. It is important to know that Bitcoin and Forex are two different things because you reported having problems with Forex trading and suffering losses. As a result you should become familiar with Bitcoin unique traits such as price volatility, market analysis, current circumstances, and other elements that are important in trading. Only then can you utilise indicators and trading methods that are appropriate for Bitcoin which may not be the same as those used for Forex. Additionally there are a number of trustworthy exchanges, including Binance, Coinbase, MEXC, Kucoin, and more where you may easily trade Bitcoin through the apps for each of them.

Many underestimate it. They did not know that their efforts and profits are still going to waste later on, once they found out that they are trading Bitcoin illegally if they were one of those countries who restricts the use of it. Bitcoin is one of the cryptos while forex is a general term just like crypto. Both of them are the same currencies but cryptos can also be used as an asset.

This is why people can invest on it but in forex, I think people can only trade on it and the volatility rate there is also lesser but that means the risks are also low. So that's their pros and cons. It's up to us now if which we are going to prefer but its also possible to deal to the both of them.

Yes, Regarding the laws of Bitcoin trade in some countries you raise a crucial point. Before engaging in Bitcoin trading or other cryptocurrency related activities people must be informed of their local laws and prohibitions. Forex and Bitcoin both include money yet they serve different functions and have different properties. In the world of cryptocurrencies Bitcoin functions as a decentralised digital asset with the possibility for transactions and investment. As opposed to this the term Forex refers to the foreign exchange market where conventional fiat currencies are traded. Each offers advantages and downsides of its own such as Bitcoin higher volatility when compared to FX which can lead to higher risks. The decision between the two ultimately comes down to tastes and circumstances. It is also important to note that one can investigate and participate in both Bitcoin and FX as long as they are familiar with the legal and regulatory landscape of their respective jurisdictions.