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Read this inorder to know which is better between bitcoin and forex PART 2
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[QUOTE="Lens1000, post: 120664, member: 37726"] In the first part, we discussed about liquidity and volatility. Other factors that differentiate forex from the bitcoin are 3)Risk The primary risk in the forex market comes from the factors which affect the price of a currency pair such as the interest rate differential between the two currencies in that pair. Typically, the higher a country’s interest rates, the stronger their currency tends to be in the international market. This is because higher interest rates often result in more foreign investment in a county’s economy, which increases demand for that country’s currency and drives up the price. Bitcoins volatility is very high and this makes it more risky 4)Regulation Bitcoin and forex do not have a single central authority tasked with regulating market transactions. While the forex market is an OTC market, the banks which carry out a vast majority of daily FX trades are heavily regulated. For bitcoin, transactions are verified by other participants on the blockchain network which bitcoin uses to process data. There is no central bank or inter-governmental body tasked with regulating bitcoin transactions. As a result, there is no way for a bitcoin buyer to get their stolen coins back if they were subject to a hack or exploit in the system. This is different to forex trading because, generally, a regulator would require a bank to have safeguards in place to guarantee funds in the event of an hack 5)Accessibility Typically, the forex market is seen as more accessible than bitcoin because it can be traded directly through a broker and there is a higher number of market participants to take the other side of a trade. In contrast, bitcoin trading is less liquid and requires a wallet and exchange account. The latter can be expensive to maintain, while there are often limits on how much you can deposit. Which one do you prefer between bitcoin and forex [/QUOTE]
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Read this inorder to know which is better between bitcoin and forex PART 2
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