LONDON, Apr 27, 2017 (PR Newswire Europe via COMTEX) -- LONDON, April 27, 2017 /PRNewswire/ -- With a review of the SEC's decision to block the world's first Bitcoin ETF now on the horizon and the price of Bitcoin hitting an all-time high, trading and investing in cryptocurrencies is set to gain further momentum following a remarkable 12 months of growth. ] reporting huge increase in both the number of users trading cryptocurrencies, and the total volume of cryptocurrencies traded on the platform.So far this year, the number of eToro users trading CFDs in cryptocurrencies has increased four-fold compared to the same period last year.Across the same time period, the volume of cryptocurrency trades on the platform has increased by 4,500%.This year eToro added Ethereum to its platform, meaning users can now access this coin alongside Bitcoin, which has been live on eToro since 2014.The opportunity for traders created by volatility in the value of cryptocurrencies has been one driver of this growth.

The price of Bitcoin has increased from $430 at the start of last year, to over $1,300 today.Ethereum has seen even sharper gains moving from around $10 at the start of last year to over $50 today.Trader sentiment towards both Bitcoin and Ethereum has remained consistently high.Bitcoin has seen 15 consecutive months of over 80% of Bitcoin traders buying the asset, whilst sentiment towards Ethereum has been even higher, with well over 90% of Ethereum traders buying the asset since its launch on the eToro platform.Mati Greenspan, Senior Markets Analyst at eToro, said: "Cryptocurrency is the future of forex.And over the last 12 months we've seen a 4x growth in traders accessing this market.But the volume of trading has exploded even more than this, with a huge 4,500% jump."The eToro trading community has been quick to embrace the clear opportunities in cryptocurrencies.Our users have reaped significant rewards from the sharp growth in prices over the last 12 months."The rapid growth in the adoption and price of cryptocurrencies only marks the first few steps on the long-journey to establishing cryptocurrencies as a dominant force in forex trading.

We expect cryptocurrency trading volumes to get much bigger over the coming years."Understanding cryptocurrency as an asset class requires expertise.But with eToro's copy functionality you can copy the trading strategies of our most successful crypto traders, and automatically be exposed to their expertise and the trades they're making."eToro is a leading online trading and investing community.The award-winning platform connects you with a global, growing network of six million users, with expertise in everything from short-term trading in Bitcoin to long-term investing in bank stocks.Learn from and copy the best investment strategies and become a leading trader yourself.eToro is the next-generation hub for traders and investors of all shapes and sizes.Investment products offered by eToro are contracts for differences (CFDs) in currencies, stocks, commodities, indices and exchange traded funds (ETFs).These products carry a high degree of risk and are not suitable for many investors.If the market moves against you, you may sustain a total loss greater than the funds invested in a specific position.

You are responsible for all losses on your account up to the equity in your account.* All trading involves risk.Only risk capital you're prepared to lose.Past performance is not a guide to future performance.Copyright (C) 2017 PR Newswire EuropeAvner Meyrav When it comes to currency investment, there’s no asset quite as mysterious and alluring as Bitcoin.bitcoin casino minecraftThe cryptocurrency, which exists in its own, never-before-seen form, has attracted millions of investors worldwide and has shown faster gains than any other asset in history.litecoin miners gpuIn its first 4 years of existence, it went from being worth less than $0.01 to a whopping $1,250.bitcoin konto auszahlenAs of today, it is hovering around $1,000 and is one of the most volatile and unpredicted assets in the market.ajouter bitcoin

If you want to get in on the Bitcoin craze, here are a few things you need to know first Firstly, it is important to know the principles on which the Bitcoin system was founded.Bitcoin is decentralised, meaning there’s no central bank or government regulating it.It has no physical form and exists solely as encrypted digital code.ethereum fxBitcoin is regulated by its creators, who are steadily adding more of the currency to the market at a decreasing rate.bitcoin double taxation australiaTheir plan is to have 21 million Bitcoin in the world by 2109.Currently, there are about 15.5 million bitcoin.Next, let’s try to understand what caused its unprecedented surge in price.At first, Bitcoin didn’t really have any traction.It was reserved solely for the early adopters, and there were very few businesses that accepted it as a payment method.

In fact, the first transaction ever made in Bitcoin was for two pizza trays, which cost 10,000 Bitcoin in 2010.Today, those pizzas would have been worth around $9 million!As more and more businesses accepted the currency, it gradually went up in value.At the same time, people were starting to embrace the idea of a decentralised currency, and as more people jumped on board,  prices began to soar.Up, Down, and Up Again Over the years, Bitcoin has displayed seesawing behaviour, reaching a peak, then crashing, then reaching another peak and crashing.This was the case up until it reached its all-time peak in 2013, which it has not been able to replicate since, despite coming close at the end of 2016.The currency, which was initially perceived as exotic and mysterious, has gradually become a legitimate investment option.Moreover, many investors saw Bitcoin as a haven asset, similar to gold.Unlike traditional currencies, which are affected by changes in their respective economies, Bitcoin is not affected by changes in the field.

Therefore, some traders use it as a hedging tool when their own currency is on the decline.A good example of that is the fact that many Chinese investors turned to Bitcoin recently when the Yuan was declining.So, what should you do if you want to invest in Bitcoin?Firstly, while a single Bitcoin is pricey, currently valued around $900, it is possible to use online trading platforms, such as eToro, to engage in a fractional transaction, investing less than the price of a single coin.Second, it is important to choose a strategy and stick to it.Since Bitcoin is highly volatile, it is wise to study its patterns before deciding how to invest in it.Alternatively, you can copy an experienced Bitcoin trader, such as , by using eToro’s Discovery Tool.Just like any other asset on trading platforms, when investing in Bitcoin, traders can open either a “buy” (long) position, hoping that it will go up in value, or a “sell” (short) position.There is no “right” strategy when trading Bitcoin.