Buying the stock is a simple enough process. Simply add or purchase bitcoin through your trading account, then choose the stock you wish to trade and the amount of bitcoin you want to spend. Voila! Initially, all of these stocks will form trading pairs with bitcoin, but WorldMarkets may add support for future trading against other cryptocurrencies, such as Ethereum or Dash.
Additionally, users can already trade cryptocurrency pairs combining several major tokens. These include bitcoin, Litecoin, Ethereum, Dash, Bitcoin Cash, Ripple, Monero, IOTA, and more. At the same time, Bitcoinist reminds you that only keep money on exchanges that you are willing to lose. Not your private keys, not your cryptocurrency. But you already knew that right?
It isn’t really clear if stock/bitcoin trading pairs have been requested by WorldMarkets users, or simply added ‘because they can.’ No doubt, if it turns out to be a popular feature, it will be popping up on your favorite trading platform soon.
CEO and Founder of Celsius Network, Alex Mashinsky, wants to bring the next 100 million people to the blockchain. How? Through high-interest cryptocurrency savings accounts with no lock-up or penalties for withdrawing your HODLings, low-interest USD loans using crypto as collateral–and correcting our ‘bad financial habits’.
If you’re HODLing your BTC or ETH stash, waiting for the next bull run, the Celsius Network proposal is what Mashinsky calls a “no-brainer.”
As the inventor of VOIP (Voice Over IP) technology, a serial entrepreneur, and part of the “one-tenth of the one percent,” Alex hasn’t always had it easy. He started out as an immigrant to the U.S. 30 years ago with just $100 in his pocket. Now the man that brought you VOIP wants to help by bringing MOIP (Money Over IP) to the masses. He explains:
There are two ways to deal bitcoin: buy the cryptocurrency itself in the hope of selling it on at a profit, or speculate on its value without ever owning the token. The latter is how CFDs work.
A CFD enables you to trade a contract based on prices in the underlying market. It is a leveraged product, meaning you can put down a small initial deposit and still gain the exposure of a much larger position. This can magnify your profits, though it can have the same effect on your losses.