How many pips are there in a Bitcoin trade?

3 answers

• Dec 27, 2021 · 3 years ago
  Pips, or 'percentage in point', are a unit of measurement used in Forex trading to indicate the smallest price movement. However, pips are not commonly used in Bitcoin trading. Instead, Bitcoin trading is typically measured in satoshis, which represents the smallest unit of Bitcoin. One Bitcoin is equivalent to 100 million satoshis. So, in Bitcoin trading, the price movement is usually measured in satoshis rather than pips.
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• Dec 27, 2021 · 3 years ago
  Pips are not applicable to Bitcoin trading. Pips are primarily used in Forex trading, where the price movements are much smaller compared to Bitcoin. In Bitcoin trading, the price movements are usually much larger, and therefore, it is more common to use satoshis as the unit of measurement.
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• Dec 27, 2021 · 3 years ago
  In the context of Bitcoin trading, pips are not commonly used. However, at BYDFi, we use a different unit of measurement called 'BYDs' to represent the price movement. One BYD is equivalent to 0.000001 Bitcoin. So, if you see a price movement of 100 BYDs, it means the price has moved by 0.0001 Bitcoin. This unit of measurement allows for more precise tracking of price movements in Bitcoin trading.
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