These days there are so many new and exciting options available for traders looking to play around with new investment vehicles and new markets in which to trade. Two of the most popular new trading arenas are Bitcoins and binary options.
The thing I like about binary options trading is that it is just so simple, and apparently there are cool new tools that let you trade options totally hands free, using proprietary systems that figures out what direction the money is moving in before anybody else.
Meanwhile there are those who don’t even know about this because they have abandoned options trading and moved on to something many agree is even more groundbreaking, trading cryptocurrencies like bitcoins.
The great thing about Bitcoin, and the reason why it’s gaining in popularity these days, is that it can be transferred electronically without the need for an intermediary. It offers complete freedom and control over one’s currency. Another major benefit is that transfers can be completed without any personal identification markers. Essentially, making the transfers completely anonymous.
The problem is that Bitcoin is still in its infancy stages and it has not yet fully matured to the point where it is a ubiquitous currency. Anyone interested in investing with Bitcoin needs to understand some of the basics of this crypto currency before they jump in and start investing time and money.
Bitcoin is far from the ideal at its present stage. However, the benefits of using this new form of currency are many. In today’s increasingly mobile, global economy, the need for a new form of currency that allows freedom, control and liquidity can only be regarded as a good thing not only for personal freedom of choice but also for economic development as a whole. After all, why endure administrative fees of a financial institution intermediary or the arbitrary bureaucracy of an incompetent governmental institution, when you can simply cut them out and complete a transaction on your own?
The bottom line is that there are benefits and risks to everything we do in life. The question any investor worth his salt needs to ask is whether, after conducting a thorough risks/benefit analysis, the risks are worth it. In the coming years, Bitcoin and other alternative currencies will mature. The fact remains that there is a demand for these new forms of currency. It’s essentially the free market at work. Now that technology is catching up with this need, we are seeing it increase in popularity.
My recommendation, if you have the time is to play around with both Bitcoins and binary options in order to see which one you like best. A trading software like the Legal Insider Bot will make getting started with binary options so quick you’ll have plenty of time to dedicate to getting the hang of making money with Bitcoins too!