Lens1000
VIP Contributor
Recently, there are debates and rumours spreading on the internet on which one is better and safer to invest on between forex and bitcoin. This short article will enlightens us the more on the said subject and at the end you will be able to decide on the investment that's better between the two.
That been said, forex is biggest market in the world because its traded in all the world, while bitcoin is not accepted worldwide. Here are the striking differences between forex and bitcoin
1) Liquidity:
Liquidity refers to how easily an asset can be converted into cash without altering the current market price. In the forex market, liquidity depends on which currency pair being traded. Bitcoin is less liquid because it is not a universally accepted form of currency.
2) Volatility
Volatility refers to how susceptible an asset’s price is to change. For instance, if an asset experiences lots of highs and lows in a short time frame, it is considered to be highly volatile.
Generally speaking, bitcoin is more volatile than forex pairs, which tend to move in narrow bands rather than experiencing large shifts.
I will continue with some other points in the part 2 of this article. With these two points, which one will you choose between forex and bitcoin
That been said, forex is biggest market in the world because its traded in all the world, while bitcoin is not accepted worldwide. Here are the striking differences between forex and bitcoin
1) Liquidity:
Liquidity refers to how easily an asset can be converted into cash without altering the current market price. In the forex market, liquidity depends on which currency pair being traded. Bitcoin is less liquid because it is not a universally accepted form of currency.
2) Volatility
Volatility refers to how susceptible an asset’s price is to change. For instance, if an asset experiences lots of highs and lows in a short time frame, it is considered to be highly volatile.
Generally speaking, bitcoin is more volatile than forex pairs, which tend to move in narrow bands rather than experiencing large shifts.
I will continue with some other points in the part 2 of this article. With these two points, which one will you choose between forex and bitcoin