On October 10 2017, Tickmill launched Bitcoin transactions for customers around the world.

At that time, the price of Bitcoin was $4,700, and now it reaches $14,500.

In these two months, Tickmill learned that Bitcoin traders are different from ordinary foreign exchange, commodity, and stock traders. Bitcoin traders’ transactions seem to have a certain religious nature, which means that they are not as profitable as ordinary traders.

They just let the profits run, and they don’t seem to care how much fiat money they get when the transaction ends.

They own Bitcoin, not for speculation, but for holding.

Invest in Bitcoin with Tickmill

So Tickmill saw some people enter at $5,000 and exit at $15,000.

But many customers have not made profits in the near future, which is really very strange, because they log in to their trading accounts every day and see floating profits, but they seem to be psychologically distanced from these profits.

Most customers who conduct bitcoin transactions only conduct bitcoin transactions and do not touch any other trading tools.

Most Bitcoin traders are new customers-they were not Tickmill’s customers a few months ago.

So it is obvious that they chose Tickmill only to conduct Bitcoin transactions.

The challenging problem Tickmill faces with Bitcoin is that Tickmill can actually find a suitable place to clear customer transactions.

Tickmill had previously expected that when the Chicago Board Options Exchange and Chicago Mercantile Exchange launched Bitcoin futures, the situation would improve, but Tickmill acknowledged that the market trading volume is still very sluggish.

The problem is still that there is no major liquidity provider, and the Chicago Board Options Exchange/Chicago Mercantile Exchange does not provide services on weekends, which means that customers and brokers are at risk, and there may be gaps on Sunday night.

Some of the larger liquidity providers in the foreign exchange field have not yet started bitcoin transactions, while other liquidity providers have recently withdrawn from the field or are considering exiting.

Therefore, Tickmill has recently seen that foreign exchange brokers are very interested in obtaining Bitcoin liquidity from Tickmill Prime.

Tickmill carefully provides liquidity to brokers who have started to try cryptocurrency business and some long-term institutional foreign exchange clients such as hedge funds.

Regarding the issue of Bitcoin and its impact on the business of banks and brokerage institutions, Cameron Winklevoss recently stated: “We have been working hard to provide Jamie Dimon with opportunities to short Bitcoin.

Some people say this is a fraud or a bubble.

You can now use actual action Instead of betting.”

Considering that Bitcoin continues to rise now, this may mean that Jamie of JPMorgan Chase is still trying to short Bitcoin.

At the same time, Tickmill has seen that Bitcoin has become one of the 10 tools with the largest transaction volume.

There is no sign that Tickmill believes that people’s interest in Bitcoin will disappear in the near future.

Tickmill will continue to monitor the situation.

At the same time, the only suggestions anyone can give in terms of Bitcoin at present can only be careful and manage risks.

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