How traders can make money from Cyprus crisis

How traders can make money from Cyprus crisis 

Bitcoin transactions at an alarming rate. This sudden concerned about the impact of the credit crisis in Cyprus, people far away from their investment banks and the government's hands, and convert them into digital currency. If you are looking for a simple way to trade laws and to make real money, buy some countries in this difficult financial time bitcoins, may be you have done the most sensible thing.

A Brief History of Crisis 

The Republic of Cyprus is experiencing a major financial crisis. Cyprus no longer be able to complement national spending, and issued relief, but such relief comes at a price: the second largest bank in Cyprus, Cyprus Popular Bank will have to close. Moreover, it would impose all uninsured deposits biggest bank Bank of Cyprus. Relief provisions include: reduction of salaries, benefits, higher taxes, higher health care costs. Public reaction to such relief is very intense, a lot of people openly protest and withdraw their money from the bank panic. 

About Bitcoin 

Cypriot people, including investors, want their money allocated wasnâ € ™ t placed under restrictions (so they can feel more secure), so they decided to put their money to digital currency. Bitcoin is an alternative currency, through computers and smart phones. They rely on peer to peer network, there are no banks involved in the transaction bitcoins. Accepts bitcoins by different services and merchants around the world. It is estimated that the monetary value of this alternative monetary base more than 10 billion U.S. dollars. 

Different exchanges, so that next to other currencies at a higher price to buy and sell bitcoins. For example, a single bit of currency trading between $ 40 - $ 95, in a monthâ time. Some banks and bank employees increased interest bitcoin. Some major banks have visited Bitcoin exchange 30 times per day. Currently, Bitcoin Exante hedge fund shares through market transactions, by the Malta Financial Services Authority's regulatory and licensing. Exante estimated to hold at least $ 3 million bitcoins assets. 

How to make money with bitcoin 

An average of about $ 900 Bitcoin transactions and the transaction process is relatively simple. Just buy some bitcoins, their profits and sales. Bitcoin exchange rate adjustment system is based on the current market value of bitcoins. Bitcoin exchange rates of the most popular platforms Mt.Gox. It is estimated that nearly 80% of the transactions take place on this platform. The presence of other platforms and trading is again relatively simple and easy. 

Because so many people from the Republic of Cyprus and other countries to invest in bitcoins fear and / or distrust, it is likely you will make money trading bitcoins, and people are their assets away from traditional means. Bitcoin transactions can take some risks, any form of trading. However, you can rest assured that bitcoin transactions are perfectly legal way to make real money, in the face of the current financial crisis in Cyprus.